ISBN : 9780198866367
The governance of the modern corporation is broadly understood as the mechanisms, relations, and processes for balancing the interests of stakeholders. It spells out the rules and procedures for decision-making, accountability and transparency, and distributional rights. Corporate governance thus provides the framework in which corporate objectives are set, the means of attaining them, the kind of performance monitoring required, and by whom. In the aftermath of the global financial crisis and large-scale corporate failures, the issue of corporate governance has repeatedly received the attention of policy-makers and the wider public. Extending the study of corporate governance beyond that of listed corporations sheds new light on the overall performance of corporations in market economies. These include small to medium-sized corporations, nonprofit organisations and philanthropic foundations, public corporations and public-private partnerships, social enterprises and cooperatives, international organisations, and corporations in cyberspace. A decade after the massive failures in the governance of financial corporations, and with continued governance failures in other parts of the economy since then, this volume takes stock and asks: what has been the performance of corporate governance regimes, and have regulatory changes and corporate governance codes made a difference? What are the strengths and weaknesses of current corporate governance systems and codes? How do corporate forms differ in their governance performance, and what have been the experiences across countries? And, finally, what implications for understanding governance behaviour and for policy-makers and regulators come to mind?
1 Helmut K. Anheier and Christoph M. Abels: Corporate Governance in Comparative Perspective
2 Helmut K. Anheier and Christoph M. Abels: Corporate Governance: What are the Issues?
3 Theodor Baums: Listed Companies: Regulatory Tools and Current Reform Issues
4 Iris H-Y Chiu: Corporate Governance of Financial Corporations
5 Jonas Gabrielsson, Morten Huse, and Carl Aberg: Corporate Governance in Small and Medium Enterprises
6 Hanna Surmatz: Corporate Governance Regulation for Public Benefit Foundations in Europe
7 Gemma Donnelly-Cox, Michael Meyer, and Filip Wijkstrom: Nonprofit Governance
8 Johanna Mair, Miriam Wolf, and Alexandra Ioan: Governance in Social Enterprises
9 Cecilia Cannon and Thomas Biersteker: The Governance of International Organizations: Structural Components, Internal Mechanisms, and Contemporary Challenges
10 Ulf Pappenfuss: Public Corporate Governance
11 Daniela Stockmann: Media or Corporations? Social Media Governance between Public and Commercial Rationales
12 Julia Redenius-Hovermann: Behavioural Economics, Neuroeconomics, and Corporate Law
13 Helmut K. Anheier and Christoph M. Abels: Advances in Corporate Governance: Conclusion and Implications