Corporate Governance and the Global Financial Crisis

International Perspectives

William Sun, Jim Stewart, David Pollard

• Publisher: Cambridge University Press
• Year: 2011
• Print ISBN: 9781107001879
• eBook ISBN: 9781139098182
• Topic: Business
• Subtopic: Management
• Index: Business

Over the last two decades there has been a notable increase in the number of corporate governance codes and principles, as well as a range of improvements in structures and mechanisms. Despite this, corporate governance failed to prevent a widespread default of fiduciary duties of corporate boards and managerial responsibilities in the finance industry, which contributed to the 2007–10 global financial crisis. This book brings together leading scholars from North America, Europe, Asia-Pacific and the Middle East to provide fresh and critical analytical insights on the systemic failures of corporate governance linked to the global financial crisis. Contributors draw from a range of disciplines to demonstrate the severe limitations of the dominant corporate governance framework and its associated market-oriented approach. They provide suggestions on how the governance problems could be tackled to prevent or mitigate any future financial crisis and explore new directions for post-crisis corporate governance research and reforms.

Table of contents

• Cover
• Corporate Governance and the Global Financial Crisis
• Title
• Copyright
• 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