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Corporate Governance: current issues and the financial crisis - E.J.J. Schenk

ISBN: 9789013097986
AUTEUR: E.J.J. Schenk

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The financial crisis, which started in 2007 and still has large parts of the world in its stranglehold, refocused attention on corporate governance policies that were introduced in the aftermath of the financial scandals of the early years of the century.The current volume does not endeavour new explanations of the crisis, but by discussing such issues as governance indices, executive pay, shareholder activism, mergers and acquisitions regulation, and employee participation, provides additional insights into some indirect causes.It is suggested that governance codes can only take us halfway to proper managerial behaviour, that shareholder activism, while perhaps justified at first sight, may contribute to undesirable short-termism, and that new government policies meant to encourage welfare-enhancing mergers have an opposite effect.

...adoption of new systems of governance and more robust governance practices ... Corporate Governance in Australia: A snapshot | Herbert ... ... . Corporate Governance and Banks: What Have We Learned from the Financial Crisis? Hamid Mehran, Alan Morrison, and Joel Shapiro Federal Reserve Bank of New York Staff Reports, no. 502 June 2011 JEL classification: G01, G21, G32, G39 Abstract Recent academic work and policy analysis give insight into the governance problems exposed by the ... Current Issues in Finance. ... Key Points. The financial crisis of 200 ... Corporate governance in the 2007-2008 financial crisis ... ... ... Current Issues in Finance. ... Key Points. The financial crisis of 2007-2008 caused the near-total collapse of many large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. ... or in corporate finance. News, analysis and comment from the Financial Times, the worldʼs leading global business publication The following update highlights recent corporate governance hot topics and trends for directors of public companies. Board Oversight of Mission-Critical Risks In June 2019, the Delaware Supreme Court allowed a Caremark claim to proceed, reiterating its standard for the duty of oversight. The focus in P7 is on the impact that corporate governance principles and practice can have on the audit process, and this article explores some of these issues. Basic principles of corporate governance - a reminder. Corporate governance is the system by which organisations are directed and controlled. A recent op-ed by a former Goldman Sachs employee has led to an outcry over two important themes which came to the fore during the crisis, ie corporate culture and incentives. This column argues that neither regulation nor market forces has put either of these issues to rest. It adds that bank complexity and the too-big-to-fail policy both serve to undermine market discipline. Those historical events, together with the 2008 financial crisis, illustrate a complex public policy nexus that touches on many different issues: corporate ethics and senior management misconduct; organizational governance and risk management; systemic risk and financial regulation; and ultimately, the role of government in regulating the business behavior of large organizations....