Corporate Governance and International Business

Introduction Governance Corporate Governance Governance systems and corporate social responsibility Relating corporate governance and corporate social responsibility References Development of codes of governance and international comparisons Introduction Systems of governance The Anglo Saxon model of governance The Latin model of governance The Ottoman model of governance Developing a framework for corporate governance Company management References The principles of corporate governance Introduction The principles of governance Transparency Rule of law Participation Responsiveness Equity Efficiency and Effectiveness Sustainability Accountability Good governance and corporate behaviour Corporate Governance Principles Good Governance and Sustainability References Stakeholders & the social contract: a broader view of corporate governance Introduction The Social Contract What is a stakeholder?Multiple stakeholdings The classification of stakeholders Stakeholder Theory Details of Stakeholder Theory Informational needs Research findings Governance and stakeholders Relating corporate governance and corporate social responsibility Relating social responsibility with governance: the evidence Conclusions References Issues concerning Sustainability Introduction Defining sustainability The Brundtland Report Critiquing Brundtland Sustainability and the Cost of Capital Redefining sustainability Distributable sustainability Summarising Sustainability ISO 26000 Conclusions References Ethics, corporate governance and corporate behavior Introduction Defining ethics Ethical philosophies Deontological Ethics Teleological Ethics Utilitarianism Ethical Relativism Ethical Objectivism Concluding remarks Corruption ISO 26000 Culture The Gaia Theory Corporate Behaviour Governance, Ethics and Corporate Behaviour Corporate Reputation Conclusion References Risk Management and Corporate Governance Introduction Attitudes to risk Risk seeking Risk averse Risk neutral Managing risk Risk assessment Risk analysis Risk management Risk Management Strategies Risk avoidance Risk reduction Risk protection Risk managing Risk transfer Risk probability profiles A Typology of risk Global risk Environmental risk Social risk Cultural risk Financial risk Long term/short term risk Stakeholder/shareholder interests Technical risk Risk analysis: the cost of capital Components of the cost of capital Systematic risk Unsystematic risk The Capital Asset Pricing model The cost of capital for a business Summary References The Audit function and the role of regulation Introduction The role of audit The Audit Committee Agency theory and asymmetric power Agency Theory Moral hazard Adverse selection Conclusions concerning the theory Rating Agencies Regulation The 2008 financial crisis Failures in regulation Conclusions References Corporate Governance in noncommercial organisations Introduction Definitions The role of NGOs Inflation and NGOs Distinguishing features of sector Types of NFP organisation Public bodies Quasi public body Educational institution Charity Motivation for NFPs Implications for managers Available resources Structure of a charity Ultra vires Intra vires Accounting issues Governance issues in NFPs Stakeholders Sustainability Accountability Transparency Disclosure Conclusions References Globalisation and corporate governance Introduction Globalisation Competition Exchange of Technology Knowledge/Information transfer Portfolio investment (Financial fund flows)Regulation/deregulation and international standards Market integration Qualitative Intellectual capital mobility Financial crisis-contagion effect-global crisis The concept of global governance Global perspectives How Globalisation Affects Governance Globalisation, Corporate Failures and Corporate Governance Conclusion References