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Corporate Governance Matters: A Closer Look at Organizational Choices and Their Consequences, 2nd Edition

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Corporate Governance Matters: A Closer Look at Organizational Choices and Their Consequences, 2nd Edition

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  • About eBook Formats
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    ePub EPUB The open industry format known for its reflowable content and usability on supported mobile devices.

    MOBI MOBI The eBook format compatible with the Amazon Kindle and Amazon Kindle applications.

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    This eBook requires no passwords or activation to read. We customize your eBook by discreetly watermarking it with your name, making it uniquely yours.

About

Features

The complete corporate governance reference for every board member, officer, stakeholder, and MBA student – now extensively updated for today's issues and realities 

  • Brings together new academic research, updated examples and scenarios, and a complete decision-making framework
  • Objectively and fully addresses every component of governance, with no axe to grind: explains what's known and what isn't, helping leaders make better choices in the face of uncertainty
  • Contains updated and expanded coverage of risk management, shareholder activism, compensation, and more
  • Presents brand-new information on alternative corporate governance structures, including family controlled businesses, nonprofits, private equity, and venture capital
  • By David Larcker and Brian Tayan, pioneering governance experts at Stanford's highly influential Corporate Governance Research Program

Description

  • Copyright 2016
  • Dimensions: 7" x 9-1/8"
  • Pages: 464
  • Edition: 2nd
  • Book
  • ISBN-10: 0-13-403156-3
  • ISBN-13: 978-0-13-403156-9

This is the most comprehensive and up-to-date reference for implementing and sustaining superior corporate governance. Stanford corporate governance experts David Larcker and Bryan Tayan carefully synthesize current academic and professional research, summarizing what is known and unknown, and where the evidence remains inconclusive.

Corporate Governance Matters, Second Edition reviews the field's newest research on issues including compensation, CEO labor markets, board structure, succession, risk, international governance, reporting, audit, institutional and activist investors, governance ratings, and much more. Larcker and Tayan offer models and frameworks demonstrating how the components of governance fit together, with updated examples and scenarios illustrating key points. Throughout, their balanced approach is focused strictly on two goals: to "get the story straight," and to provide useful tools for making better, more informed decisions.

This edition presents new or expanded coverage of key issues ranging from risk management and shareholder activism to alternative corporate governance structures. It also adds new examples, scenarios, and classroom elements, making this text even more useful in academic settings. For all directors, business leaders, public policymakers, investors, stakeholders, and MBA faculty and students concerned with effective corporate governance.

Sample Content

Online Sample Chapter

Introduction to Corporate Governance

Table of Contents

Preface     xxi
Chapter 1  Introduction to Corporate Governance     1
Self-Interested Executives     3
Defining Corporate Governance     7
Corporate Governance Standards     9
Best Practice or Best Practices? Does “One Size Fit All”?    11
Relationship between Corporate Governance and Firm Performance     12
Chapter 2  International Corporate Governance     19
Capital Market Efficiency     20
Legal Tradition     22
Accounting Standards     23
Enforcement of Regulations     26
Societal and Cultural Values     27
Individual National Governance Structures     29
    United States     29
    United Kingdom     32
    Germany     37
    Japan     38
    South Korea     41
    China     .43
    India     44
    Brazil     45
    Russia     47
Endnotes     49
Interlude     55
Chapter 3  Board of Directors: Duties and Liability     57
Board Responsibilities     57
Board Independence     58
The Operations of the Board     59
    Board Committees     60
Duration of Director Terms     64
Director Elections     64
Removal of Directors     66
Legal Obligations of Directors     66
    Fiduciary Duty     67
    Disclosure Obligations under Securities Laws     70
    Legal Enforcement of State Corporate Law (Fiduciary Duties)    70
    Legal Enforcement of Federal Securities Laws     71
    Director Indemnification and D&O Insurance     72
Endnotes     75
Chapter 4  Board of Directors: Selection, Compensation, and Removal     79
Market for Directors     79
    Active CEOs     82
    International Experience     83
    Special Expertise     84
    Diverse Directors     85
    Professional Directors     86
Disclosure Requirements for Director Qualifications     87
Director Recruitment Process     89
Director Compensation     91
    Ownership Guidelines     96
    Board Evaluation     97
Removal of Directors     99
Endnotes     102
Chapter 5  Board of Directors: Structure and Consequences     107
Board Structure     108
Chairman of the Board     112
Lead Independent Director     116
Outside Directors     119
Board Independence     121
Independent Committees     125
Bankers on the Board     126
Financial Experts on Board     127
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