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Corporate Governance
Corporate Governance by de Kluyver is a primer on corporate governance. It is designed to help students understand corporate governance by looking at the subject from both a macro- and micro-perspective. Historical data and examples including the recent scandals that have torn the fabric of capitalism pave a pathway to the principal challenges facing today's corporate boards, and how to successfully manage them.
- Author
- de Kluyver
- Publisher
- LibreTexts
- Source
- LibreTexts
- License
- CC BY-NC-SA
- Language
- EN
- Category
- Business Administration
Contents· 100 sections
- 01: Linking Corporations and Society
- 1.01: The U.S. Corporate Governance System
- 1.02: Corporate Governance Elsewhere in the World
- 1.03: A Brief History
- 1.04: The Meltdown of 2001
- 1.05: The Financial Crisis of 2008
- 02: Governance and Accountability
- 2.01: Who Owns the Corporation The Legal Debate
- 2.02: Conduct or Accountability
- 2.03: Corporate Purpose - A Societal Perspective
- 2.04: The Primacy of Shareholder Interests - A Historical Perspective
- 2.05: Governance Without a Shared Purpose
- 2.06: Is Shareholder Value Maximization the Right Objective
- 2.07: Stakeholder Theory - A Viable Alternative
- 2.08: Resolving the Conflict - Toward Enlightened Value Maximization
- 03: Role and Composition
- 3.01: The Boards Responsibilities - The Legal Framework
- 3.02: A Boards Role -A Governance Perspective
- 3.03: The Boards Role - Governance Not Management
- 3.04: Governance Guidelines
- 3.05: Recent Board Trends
- 3.06: Board Leadership - Should We Separate the Chairman and CEO Positions
- 3.07: Board Committees and Director Compensation
- 04: Recent U.S. Governance Reforms
- 4.01: Recent Governance Reforms - An Executive Summary
- 4.02: Analysis - Stronger Governance or Regulatory Overkill
- 4.03: Synthesis - What Is the State of U.S. Corporate Governance
- 4.04: The Challenge - Striking a Balance
- 05: CEO Selection and Succession Planning
- 5.01: CEO Selection - A Key Board Responsibility
- 5.02: Succession Planning is an Ongoing Process
- 5.03: CEO Turnover - Different Scenarios Different Challenges
- 5.04: CEO Selection - Common Board Mistakes
- 5.05: Insider or Outsider
- 5.06: Grooming the Next CEO
- 5.07: Succession Planning- Best Practices
- 06: Oversight Compliance and Risk Management
- 6.01: The New Regulatory Climate
- 6.02: Warren Buffett on the Challenge of the Audit Committee
- 6.03: Legal Issues Regarding Oversight
- 6.04: Red Flags in Management Culture Strategies and Practices
- 6.05: Questions About Ethics and Compliance for the Board
- 6.06: Questions About Hedging Derivatives and Trading Risks
- 6.07: Enterprise Risk Management - The Boards New Tool
- 6.08: Codes of Ethics and Codes of Conduct
- 07: The Boards Role in Strategy Development
- 7.01: Who Is Responsible for Strategy Development
- 7.02: A Framework for Board Strategy Engagement
- 7.03: The Boards Involvement in Strategy - Special Situations
- 7.04: Monitoring Strategy Implementation - Choosing Metrics
- 7.05: Creating a Strategy-Focused Board
- 08: CEO Performance Evaluation and Executive Compensation
- 8.01: CEO Performance Evaluation
- 8.02: Executive Compensation
- 8.03: The Role of the Compensation Committee
- 8.04: Executive Compensation - Best Practices
- 09: Responding to External Pressures and Unforeseen Events
- 9.01: The Rise of Shareholder Activism
- 9.02: Demands for Corporate Social Responsibility (CSR)
- 9.03: Dealing With Hostile Takeovers
- 9.04: The Boards Role in Crisis Management
- 10: Creating a High-Performance Board
- 10.01: Managing Itself - A Boards First Priority
- 10.02: What Defines the Best In-Class Boards
- 10.03: The Right Leadership - The Key to Board Effectiveness
- 10.04: Understanding the Sociology of the Board
- 10.05: Time and Information Deficits - Barriers to Board Effectiveness
- 10.06: Building the Right Team - Board Composition
- 10.07: Board Self-Evaluation
- 11: Epilogue - The Future of Corporate Governance
- 11.01: About Epilogues
- 11.02: The Global Convergence of Corporate Governance Practices
- 11.03: Global Investor Concerns
- 11.04: Global Convergence of Systems Requirements and Practices
- 11.05: Prospects for Further U.S. Governance Reform
- 11.06: A New Compact Between Business and Society
- 12: Appendix A - Sarbanes-Oxley and Other Recent Reforms
- 12.01: (Marked for Deletion)
- 12.02: Overview
- 12.03: Director Independence
- 12.04: Audit Committees
- 12.05: Compensation Committees
- 12.06: Nominating Committees
- 12.07: Shareholder Approval for Equity-Compensation Plans
- 12.08: Codes of Ethics and Conduct
- 12.09: Certification of Financial Statements
- 12.10: Creation of the PCAOB
- 12.11: Disclosure of Internal Controls
- 12.12: Payments to Directors and Officers
- 13: Appendix B - Red Flags in Management
- 13.01: Appendix Overview
- 13.02: Business Growth Strategy and Record
- 13.03: Equity Culture- Stock Price Appreciation Strategy and Management Ownership
- 13.04: Senior Management Character Compensation Composition Tenure Turnover and Succession
- 13.05: Corporate Culture and Business Practices
- 13.06: Companys Legal Business Financial Ownership and Tax Practices
- 13.07: Litigation Regulatory and Governmental Actions and Track Record
- 14: Appendix C- Enterprise Risk Management- Ask the Board
- 14.01: Appendix Introduction
- 14.02: Questions Boards Should Ask About Risk Management