Corporate governance and the global financial crisis : international perspectives
Author(s)
Bibliographic Information
Corporate governance and the global financial crisis : international perspectives
Cambridge University Press, 2012, c2011
- : pbk
Available at 2 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references and index
First published 2011 (hbk. ed.), 2012 (pbk. ed.)
Description and Table of Contents
Description
Over the last two decades there has been a notable increase in the number of corporate governance codes and principles, as well as a range of improvements in structures and mechanisms. Despite this, corporate governance failed to prevent a widespread default of fiduciary duties of corporate boards and managerial responsibilities in the finance industry, which contributed to the 2007-10 global financial crisis. This book brings together leading scholars from North America, Europe, Asia-Pacific and the Middle East to provide fresh and critical analytical insights on the systemic failures of corporate governance linked to the global financial crisis. Contributors draw from a range of disciplines to demonstrate the severe limitations of the dominant corporate governance framework and its associated market-oriented approach. They provide suggestions on how the governance problems could be tackled to prevent or mitigate any future financial crisis and explore new directions for post-crisis corporate governance research and reforms.
Table of Contents
- List of figures
- List of tables
- List of contributors
- Acknowledgements
- Introduction: 1. Rethinking corporate governance: lessons from the global financial crisis William Sun, Jim Stewart and David Pollard
- Part I. The Failure of the Market Approach to Corporate Governance: 2. Corporate governance causes of the global financial crisis Thomas Clarke
- 3. The failure of corporate governance and the limits of law: British banks and the global financial crisis Roman Tomasic
- 4. Where was the 'market for corporate control' when we needed it? Blanaid Clarke
- 5. Information asymmetry and information failure: disclosure problems in complex financial markets Steven L. Schwarcz
- 6. Finance, governance and management: lessons to be learned from the current crisis Roland Perez
- Part II. Ownership, Internal Control and Risk Management: The Roles of Institutional Shareholders and Boards: 7. A review of corporate governance in UK banks and other financial industry entities: the role of institutional shareholders Robert A. G. Monks
- 8. Ownership structure and shareholder engagement: reflections on the role of institutional shareholders in the financial crisis Roger Barker
- 9. Board challenges 2009 Jay W. Lorsch
- 10. Do independent boards effectively monitor management? Evidence from Japan during the financial crisis Chunyan Liu, Jianlei Liu and Konari Uchida
- 11. Risk management in corporate law and corporate governance Christoph Van der Elst
- Part III. Post-Crisis Corporate Governance: The Search for New Directions: 12. Corporate governance, capital market regulation and the challenge of disembedded markets Peer Zumbansen
- 13. The focus of regulatory reforms in Europe after the global financial crisis: from corporate to contract governance Florian Moeslein
- 14. The great recession's impact on global corporate governance James Shinn
- 15. Corporate governance in the Islamic finance industry and mitigation of risks in the post global financial crises Nasser Saidi
- 16. A holistic approach to corporate governance: lessons from the financial crisis and the way forward Suzanne Young and Vijaya Thyil
- Index.
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