
Driven to the Brink
Why Corporate Governance, Board Leadership and Culture Matter
- English
- PDF
- Available on iOS & Android
Driven to the Brink
Why Corporate Governance, Board Leadership and Culture Matter
About this book
Driven to the Brink is a collection of short stories about corporate disasters and how inadequate governance and flawed culture caused a massive destruction of shareholder value.
Look at any major corporate meltdown and two factors emerge: a failure of corporate governance and a culture where short-termism and greed are rewarded and risk is encouraged to flourish unchecked.
Two years before the latest crash, Alicia Micklethwait co-wrote the best-selling Greed and Corporate Failure which examined some of the high profile corporate disasters of the early years of the 21st century. Sadly those lessons were forgotten. Companies have continued to be Driven to the Brink of disaster.
Now, with co-author Patty Dimond, they examine what we must learn this time around. Drawing on in-depth case studies of the Libor scandal, Olympus, Co-op, Kids Company and others, Dimond and Micklethwait ask whathave we learned and more importantly, what can we do to prevent these disasters from happening again?
They also examine the large, emerging and less widely understood world of Corporate China with detailed discussion of the Lixel and Glaxo frauds. On a positive note, staying with China, they look at the story of Alibaba and ask is an ethical culture enough to protect shareholder rights?
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Information
Table of contents
- Foreword
- Acknowledgements
- Contents
- About the Authors
- Praise for Driven to the Brink
- 1: Introduction
- 2: Enron: Launch to Boom and Bust, 1985â2001
- 3: The Banking Crisis: Born of Dreams, Fuelled by Bad Behaviours
- 4: Global Banking: Will the Scandals Never End?
- 5: Olympus: Management was Corrupt at Its Core
- 6: The Co-operative: CEO Resigns amid Turmoil and Calls for Reform
- 7: Kids Company: Passion Overruled Reason
- 8: China: Land of Opportunity but Beware of Landmines
- 9: Alibaba: Largest Etailer on the Globe a Mere 15 Years On
- 10: Conclusion
- Glossary
- List of Abbreviations
- Index