Book contents
- Frontmatter
- Contents
- Figures
- Tables
- Contributors
- Acknowledgements
- 1 Introduction: rethinking corporate governance – lessons from the global financial crisis
- Part I The failure of the market approach to corporate governance
- Part II Ownership, internal control and risk management: the roles of institutional shareholders and boards
- Part III Post-crisis corporate governance: the search for new directions
- Index
- References
1 - Introduction: rethinking corporate governance – lessons from the global financial crisis
Published online by Cambridge University Press: 05 August 2011
- Frontmatter
- Contents
- Figures
- Tables
- Contributors
- Acknowledgements
- 1 Introduction: rethinking corporate governance – lessons from the global financial crisis
- Part I The failure of the market approach to corporate governance
- Part II Ownership, internal control and risk management: the roles of institutional shareholders and boards
- Part III Post-crisis corporate governance: the search for new directions
- Index
- References
Summary
Since the 1980s, worldwide corporate governance issues have attracted much media attention. Issues like corporate fraud, corporate failure and collapse, abuse of management power, excess of executive remuneration, and corporate social and environmental irresponsibility have all been topical in media reports, public forums, academic debates, governmental policy and regulatory agendas. Nevertheless, many of these corporate governance issues would not have been so prominent and exposed, had it not been for the global financial crisis of 2007–10. Many scholars, policy analysts and corporate practitioners have linked the severity and increasingly circular nature of the financial and economic crisis to corporate governance failures, whether systemic, functional or technical (see details in the following sections). Various corporate governance reforms have taken place in Europe and the United States among other countries (several chapters in this volume mention those reforms).
- Type
- Chapter
- Information
- Corporate Governance and the Global Financial CrisisInternational Perspectives, pp. 1 - 22Publisher: Cambridge University PressPrint publication year: 2011
References
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