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A Primer on Corporate Governance (Corporate Governance Collection)
A Primer on Corporate Governance - Corporate Governance Collection Author:Kees deKluyver This book is written for senior executives and corporate directors and is a primer on corporate governance - the system that defines the distribution of rights and responsibilities among different participants in the corporation, such as the board, managers, shareholders and other stakeholders, and spells out the rules and procedures for making ... more »decisions on corporate affairs. Corporate governance also deals with how a company's objectives are set, and the means of attaining those objectives and monitoring performance. This book will help the reader become more effective as a participant in the corporate governance system - as an executive dealing with a board, as a director, or as a representative of a company's other numerous stakeholders. It is organized in two major parts and an epilogue. The first part looks at corporate governance from a macro perspective. It describes the U.S. corporate governance system and its principal actors and briefly surveys the history of U.S. corporate governance, including the wave of governance scandals that occurred around the turn of the century. The second part focuses on the board itself and its principal challenges: CEO selection and succession planning, the board's responsibilities in the areas of oversight, compliance and risk management, the board's role in strategy development, the issue of CEO performance appraisal and executive compensation, a board's challenges in dealing with unexpected events and crises and finally, a board's most difficult challenge - managing itself. The epilogue briefly looks into the future and deals with subjects that are just beginning to appear on board room agendas. It assesses the emerging global convergence of governance systems, requirements and practices; it looks at the prospects of further U.S. governance reform; and it discusses the coming new compact between business and society and its likely impact in the boardroom.« less