Corporate governance Books

Book SynopsisTable of Contents1. Introduction to Deep Learning and Financial Modeling 2. Deep Learning and Addressing the Class Imbalance Problem 3. Predicting Interest Rates and Spreads Using Deep Learning 4. Predicting Stock Market prices using Deep Learning 5. Predicting Inflation Rates using Deep Learning 6. Analyzing the GDP using Deep Learning 7. Predicting Exchange Rates using Deep Learning 8. Asset Allocation Optimization Using Deep Learning 9. Deep Learning, Credit Scoring and Underwriting 10. Deep Learning and Fraud Detection 11. Deep Learning and Sentiment/News Analysis 12. Banking and Insurance Solvency Capital Calculation Using Deep Learning 13. Insurance Pricing Using Deep Learning 14. Conclusion

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Book SynopsisMultinational Corporations and the Emerging Network Economy in Asia and the Pacific delves into the ongoing rise of a global economy anchored in a web of inter-firm production networks and the role played by multinational corporations in the process. It considers the strategies and business models corporations have adopted lately to face today's highly competitive global markets, especially outsourcing and offshoring, focusing on the modalities observed in Asia Pacific and the Pacific Rim at large. Since their inception, corporations have undergone a series of fundamental changes; each has corresponded to a given era of industrial development and has given rise to a particular type of government policy response. The book addresses these timely issues and other such as the transformation of global production networks into global innovation networks, the link between corporate and national innovation strategies and movement up the global production value chain, and the fragmentTable of ContentsMultinational Corporations and the Economy of Networks: An Overview Juan J. Palacios. Eras of Enterprise Globalisation: From Vertical Integration to Virtualisation and Beyond Sandor Boyson and Chaodong Han Innovation Offshoring: Root Causes of Asia’s Rise and Policy Implications Dieter Ernst Information and Communication Technologies and Inter-Corporate Production Networks: Global Information Technology and Local Guanxi in the Taiwanese Personal Computer Industry Kenneth L. Kraemer, Jason Dedrick, William Foster and Zhang Cheng The Creation of Regional Production Networks in Asia Pacific: The Case of Japanese Multinational Corporations Shujiro Urata The Internationalisation of Firm Activities and its Economic Impacts: The Case of South Korea Sanghoon Ahn, Siwook Lee and Cheonsik Woo The Rise of Mexican Multinationals: Driving Forces and Limiting Factors Víctor López Villafañe and Clemente Ruiz Durán Emerging Transnational Corporations from East Asia: The Case of Mainland China Edward K.Y. Chen and Ping LinMultinational Production Networks and the New Geo-Economic Division of Labour in Pacific Rim Countries Prema-chandra Athukorala Multinational Corporations and Pacific Regionalism Philippa Dee Governing Multinational Corporations in the Pacific Robert Scollay Corporate Social Responsibility and Capital Accumulation Djisman Simanjuntak

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Book SynopsisThis volume explores the work of traditional and contemporary higher education governance scholars worldwide, provides critical analysis of their work, and explores underlying assumptions, historical traditions, and paradigms that have shaped the scholarship on governance. Trade Review"This book is a masterful compilation of global theories and realities of academic governance. It provides a coherent discussion of the ideas behind university governance as well as the realities of the 21st century." --Philip G. Altbach, Founding Director, Center for International Higher Education, Boston College, USA"Higher education is ever more important and in its governance (variously directed, managed, collegial and democratic) there is much at stake. Governance of Higher Education has done a marvelous job in opening a complex field to common scrutiny and understanding. It will be used throughout the world. Highly recommended." --Simon Marginson, Joint Editor-in-Chief of Higher Education and Professor of International Higher Education, University College London, UK"Based in theory and comparative in scope, Governance of Higher Education is a comprehensive and cutting-edge account of the topic. A resource for anyone interested in the ways in which higher education systems are organized and managed."--Brendan Cantwell, Assistant Professor of Educational Administration, Michigan State University, USATable of Contents Conceptualizing Governance in Higher Education Theories of Governance: Institutions, Agency and External Influences Theories of Governance: Structure, Culture and Internal Dynamics State-University Governance: Concepts, Perspectives and Shifting Tides State-University Governance in Selected Countries Academic Self-governance: Concepts, theories and practices Governance as Politics and Processes Governing the Managed Enterprise New Issues and Challenges in Governance Concluding Observations and Reflections

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Book SynopsisCovering subjects from corporate taxes to behavioral corporate finance and econometric issues, this title includes articles that reveal how specializations resonate with each other and indicate likely directions for future research. It presents coherent summaries of major finance fields, marking important advances and revisions.Trade Review"A scholarly compendium of contemporary research in Financial Economics which will be of great value not only for researchers in finance but also for researchers in many other of economics including money and banking, growth and development, international economics, public finance, and macro economics." --Edward C. Prescott, Nobel Laureate, Arizona State University "This Handbook provides a timely and comprehensive account of the state-of-the-art of Financial Economics, including corporate finance and asset pricing, written by many of the leading names in their respective fields." --Harry M.Markowitz, Nobel Laureate, University of California, San DiegoTable of Contents1. Financial Intermediation, the Credit Markets, and Alternative Financial Systems 2. Financial Innovation and Securitization 3. Dynamic Security Design and Corporate Financing 4. Corporate Taxes 5. Executive Compensation and Firm Performance 6. Behavioral Corporate Finance 7. Law and Finance after a Decade of Research 8. Venture Capital and Private Equity 9. Endogeneity and other Econometric Issues in Empirical Corporate Finance 10. Entrepreneurship and Family Firms 11. Financing in Developing Countries

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Book SynopsisCarver Policy Governance Guide 2: Ends and the Ownership helps boards distinguish between what an organization is for and what it does (ends vs. means), a basic feature of the innovative Policy Governance model.Table of ContentsPolicy Governance in a Nutshell 2 Ends at the Beginning 5 Distinguishing Between Means and Ends 8 Developing Ends Policies 11 Examples of Ends Policies 17 The Ownership 22 Getting to Know the Board’s Boss 26 Conclusion 31 About the Authors 33

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Book SynopsisCarver Policy Governance Guide 3: The Governance of Financial Management offers a strategic approach to the issues of finances and board responsibility, revealing how a board can get down to the business of governing its organization's financial planning by controlling budget values rather than budget numbers.Table of ContentsPolicy Governance in a Nutshell 1 Governing Financial Issues 5 Policy Control of Actual Financial Condition and Activities 11 Boundary-Setting Works for Financial Governance 23 Conclusion 24 About the Authors 25

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Book SynopsisCarver Policy Governance Guide 4: Adjacent Leadership Roles: CGO and CEO examines the leadership roles needed in the board room and the executive suite by Policy Governance boards. Readers will learn about these two important and separate functions that are key to enabling both governance and management to have the benefit of optimal leadership.Table of ContentsPolicy Governance in a Nutshell 1 Empowering Parallel Leaders: CGO and CEO 4 The CGO: Guardian of the Board’s Job 10 The Board’s Job Products 12 The Board’s Job Process 14 The CEO: Guarantor of Achievement 19 The CEO’s Work Product: So What Does the CEO Accomplish? 22 The CEO’s Work Process: So What Does the CEO Actually Do? 23 Avoidable Traps in the Board-CEO Relationship 27 Conclusion 32

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Book SynopsisIn the wake of the recent global financial collapse the timely new edition of this successful text provides students and business professionals with a welcome update of the key issues facing managers, boards of directors, investors, and shareholders.Table of ContentsCases in Point xiii Preface xvii Acknowledgments xxvii Introduction – How to Use this Book 1 1. What is a Corporation? 3 Defining the Corporate Structure, Purpose, and Powers 5 Evolution of the Corporate Structure 6 The Purpose of a Corporation 9 Satisfying the human need for ambition, creativity, and meaning 9 Social structure 10 Efficiency and efficacy 10 Ubiquity and flexibility 11 Identity 11 Metaphor 1: The Corporation as a “Person” 12 Metaphor 2: The Corporation as a Complex Adaptive System 12 Are Corporate Decisions “Moral”? 14 Are Corporations Accountable? 16 Three Key External Mechanisms for Directing Corporate Behavior: Law, the Market, and Performance Measurement 18 Government: legislation, regulation, enforcement 18 What Does “Within the Limits of the Law” Mean? 20 When and how do you punish a corporation? 28 Probation of corporations 29 The problem of serial offenders 31 Securities analyst settlement 32 What is the role of shareholders in making this system work? 33 The market: too big to fail 36 The corporation and elections 40 Citizens united 41 The corporation and the law 45 A Market Test: Measuring Performance 47 Long term versus short term 50 Corporate decision making: whose interests does this “person”/adaptive creature serve? 55 Another (failed) market test: NGOs 61 Measuring value enhancement 62 Gaap 62 Market value 69 Earnings per share 70 EVA ® : economic value added 71 Human capital: “It’s not what you own but what you know” 72 The “value chain” 73 Knowledge capital 74 The value of cash 74 Corporate “externalities” 79 Equilibrium: The Cadbury Paradigm 79 ESG: Environment, Social Governance – A New Way to Analyze Investment Risk and Value 83 Quantifying Nontraditional Assets and Liabilities 87 Future Directions 92 Summary and Discussion Questions 93 Notes 95 2. Shareholders: Ownership 101 Definitions 105 Early Concepts of Ownership 106 Early Concepts of the Corporation 107 A Dual Heritage: Individual and Corporate “Rights” 108 The Reinvention of the Corporation: Eastern Europe in the 1990s 110 The Evolution of the American Corporation 111 The Essential Elements of the Corporate Structure 115 The Mechanics of Shareholder Rights 117 The Separation of Ownership and Control, Part 1: Berle and Means 118 Fractionated Ownership 125 The Separation of Ownership and Control, Part 2: The Takeover Era 129 Waking the Sleeping Giant 134 A Framework for Shareholder Monitoring and Response 140 Ownership and Responsibility 141 No innocent shareholder 141 To Sell or Not to Sell: The Prisoner’s Dilemma 143 Who the Institutional Investors Are 144 Bank trusts 145 Mutual funds 146 Insurance companies 149 Universities and foundations 149 Executive pay from the consumer side – a leading indicator of risk 150 Pension plans 154 The Biggest Pool of Money in the World 154 Pension plans as investors 164 Pension plans as owners 166 Public Pension Funds 169 Divestment initiatives 188 Economically targeted investments 189 Afscme 195 Federal Employees’ Retirement System 197 Tiaa–cref 199 Private Pension Funds 201 The Sleeping Giant Awakens: Shareholder Proxy Proposals on Governance Issues 206 Focus on the Board 212 Hedge Funds 220 Synthesis: Hermes 221 Investing in Activism 222 New Models and New Paradigms 223 The “Ideal Owner” 228 Pension Funds as “Ideal Owners” 233 Is the “Ideal Owner” Enough? 234 Summary and Discussion Questions 236 Notes 238 3. Directors: Monitoring 251 A Brief History of Anglo-American Boards 255 Who Are They? 256 Size 256 Term 256 Inside/outside mix 257 Qualifications 261 Who Leads the Board? Splitting the Chairman and CEO and the Rise of the Lead Director 261 Agenda 263 Minutes 263 Diversity 264 Meetings 264 Communicating with Shareholders 264 Special Obligations of Audit Committees 265 Ownership/Compensation 266 Post-Sarbanes–Oxley Changes 266 Board Duties: The Legal Framework 267 The Board’s Agenda 281 The Evolution of Board Responsibilities: The Takeover Era 283 The Fiduciary Standard and the Delaware Factor 284 How did boards respond? 287 Greenmail 287 “Poison pills” 288 Other anti-takeover devices 290 The Director’s Role in Crisis 291 Limits and Obstacles to Board Oversight of Managers 295 Information Flow 295 Practical Limits: Time and Money 301 The Years of Corporate Scandals – Boards Begin to Ask for More 302 Director Information Checklist 303 Who Runs the Board? 304 Catch 22: The Ex-CEO as Director 306 Director Resignation 308 CEO Succession 308 Director Nomination 309 Limits and Obstacles to Effective Board Oversight by Shareholders 318 Carrots: Director Compensation and Incentives 319 Sticks, Part 1: Can Investors Ensure or Improve Board Independence by Replacing Directors who Perform Badly or Suing Directors who Fail to Act as Fiduciaries? 324 Can Directors be Held Accountable through the Election Process? 324 Staggered boards 327 Confidential voting 328 Sticks, Part 2: Suing for Failure to Protect the Interests of Shareholders – Are the Duties of Care and Loyalty Enforceable? 331 Future Directions 331 Majority voting and proxy access 331 Improving director compensation 333 Increasing the authority of independent directors 333 “A market for independent directors” 335 “Designated director” 336 Board evaluation 336 Executive session meetings 336 Succession planning and strategic planning 337 Making directors genuinely “independent” 337 Involvement by the federal government 338 Involvement by shareholders 339 Summary and Discussion Questions 339 Notes 340 4. Management: Performance 347 Introduction 348 What Do We Want from the CEO? 354 The Biggest Challenge 359 Risk Management 363 Executive Compensation 363 The pay Czar 370 Post-meltdown pay 370 The Council of Institutional Investors 371 Stock Options 374 Restricted Stock 379 Yes, We Have Good Examples 380 Shareholder Concerns: Several Ways to Pay Day 380 The “guaranteed bonus” – the ultimate oxymoron 380 Deliberate obfuscation 381 The Christmas tree 382 Compensation plans that are all upside and no downside 382 Loans 382 Accelerated vesting of options 383 Manipulation of earnings to support bonuses 383 Manipulation of peer groups 384 Huge disparity between CEO and other top executives 384 Imputed years of service 384 Excessive departure packages 384 Backdating, bullet-dodging, and spring-loading options 385 Phony cuts 386 Golden hellos 386 Transaction bonuses 386 Gross-ups and other perquisites 387 Retirement benefits 387 Obstacles to restitution when CEOs are overpaid 387 Future Directions for Executive Compensation 388 CEO Employment Contracts 389 Cause 390 Change of control 391 Half now, half later 391 CEO Succession Planning 391 Sarbanes–Oxley 392 Creation of the Public Company Accounting Oversight Board 392 Section 404 393 Other changes 394 Dodd–Frank 394 Employees: Compensation and Ownership 395 Employee Stock Ownership Plans 399 Mondragón and Symmetry: Integration of Employees, Owners, and Directors 403 Conclusion 409 Summary and Discussion Questions 410 Notes 411 5. International Corporate Governance 415 The Institutional Investor as Proxy for the Public Interest 429 Norway in the driver’s seat 431 The International Corporate Governance Network 433 ICGN: Statement of Principles on Institutional Shareholder Responsibilities 433 The Global Corporate Governance Forum 435 Sweden 435 Canada 437 Singapore 438 Russia 441 Germany 442 China 443 Japan 444 GovernanceMetrics International (GMI) 445 World Bank and G7 Response 458 Azerbaijan 459 Slovakia 460 Jordan 460 Thailand 461 Poland 461 The Global Carbon Project (GCP) 464 A Common Framework for Sustainability Reporting 465 Towards a Common Language 468 Vision 470 Summary And Discussion Questions 471 Notes 473 6. Afterword: Final Thoughts and Future Directions 475 Beyond the Nation State 477 Government as Shareholder: The Institutional Investor as Proxy for the Public Interest 484 Notes 486 Index 489

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Book SynopsisDavid Webber shines a light on laborâs most potent remaining weapon: its multitrillion-dollar pension funds. Outmaneuvered at the bargaining table and in the courts, state houses, and Washington, worker organizations are beginning to exercise muscle through markets. Shareholder activism is a rare good-news story for Americaâs workers.Trade Review[An] excellent book. -- Arne Alsin * Forbes *Webber makes a persuasive case for the potential power of the pension funds he seeks to enlist in this effort [of exerting influence on the conduct of companies in which they invest]. -- Benjamin M. Friedman * New York Review of Books *Where Webber’s book shines is in demonstrating how labor’s capital already influences the working of the financial system, notably in its efforts to improve governance. -- Owen Davis * Dissent *Full of interesting bits of recent history, such as campaigns by CaPERS, AFSCME, NYC, SEIU, AFL-CIO and other union-related funds…Readers can learn much from the book on what works and what does not. The discussion of hedge funds may be particularly instructive to many. -- James McRitchie * Corporate Governance *Shareholder activism should strike most thinking conservatives as perhaps the fairest form of activism. The shareholder has earned his seat at the table; he’s bought the stock. He’s got skin in the game and an interest in the long-term health of the company. This isn’t some lawmaker or bureaucrat imposing a change from the outside, with or without an understanding of the challenges facing that business. -- Jim Geraghty * National Review *A thoughtful, informed analysis of the issues raised when union and public pension funds assert their economic power. -- David Marcus * The Deal *Webber weaves narratives of activist campaigns (pension fund administrators, union staffers, and government comptrollers are the book’s unlikely heroes) with fine-grained analysis of the relevant legal and financial concepts in accessible prose…Webber marshals a lot of information into a common sense argument that will appeal to anyone with an interest in the current labor movement. * Publishers Weekly *Webber sets forth a multifaceted plan for organized labor to strengthen its currently dismal position within the American economy. -- Charles K. Piehl * Library Journal *The Rise of the Working-Class Shareholder is a thoughtful, well-written, and well-researched volume. It should be read by any who are interested in learning more about capital stewardship and shareholder activism. It highlights the way that today’s labor movement can leverage its capital to serve its members, communities, and the economy. Labor cannot afford to leave any of these strategies on the table. Webber’s book provides a useful guide to how shareholder activism can and should be used. -- Tessa Hebb * ILR Review *Highly recommended. -- Nell MinowThis book could be the modern bible of the movement to harness labor’s capital for working-class interests, and it couldn’t be timelier. -- Teresa Ghilarducci, Director, Schwartz Center for Economic Policy Analysis (SCEPA) at The New SchoolA riveting, thorough, and thoughtful book that is not only a fast and fun read, but contributes wonderfully to a new and ongoing conversation about inequality, dark money, and populism in the electorate. -- Mehrsa Baradaran, author of The Color of Money: Black Banks and the Racial Wealth GapIn The Rise of the Working-Class Shareholder, David Webber shares the inspirational story of a group of ingenious individuals who discovered a new source of power for the labor movement: shareholder activism. Webber provides a compelling new legal and policy framework for using labor’s capital to advance members’ interests both as workers and as investors saving for retirement. -- Jennifer Taub, Vermont Law SchoolDavid H. Webber argues forcefully that the future of the American worker is inextricably bound with shareholder power. It is only when labor’s capital is fully unleashed, Webber theorizes, that American workers will then be able to win back control of their destiny. This is an important book. -- Steven Davidoff Solomon, Berkeley Center for Law and Business

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Book SynopsisPeter Fisk is an experienced strategist and marketer, having spent many years working with blue-chip organizations such as American Express and British Airways, Coca Cola, Marks & Spencer, Discovery, Virgin, Microsoft and Vodafone. He is also the best-selling author of Marketing Genius, and founder of The Genius Works, combining writing and speaking with coaching and advising business leaders in the areas of strategy, marketing, customers, brands and innovation.Trade Review"This timely book forces you to reject many of the business conventions that created pass success. It encourages you to take new perspectives, find new solutions and consider new measures of performance." * Quality World *"People, Planet, Profit is topical and clever, striking the balance between information and readability and the practical resource it sets out to be. Thank you to Peter Fisk for this timely handbook" -- Clare Wright * Edge *Table of Contents Chapter - 00: Introduction: People and Planet and Profit; Section - ONE: Rethinking business; Chapter - 01: Purpose beyond profits; Chapter - 02: Strategies for growth; Chapter - 03: Inspiring leadership; Section - TWO: Reconnecting business; Chapter - 04: Conscience consumers; Chapter - 05: Sustainable innovation; Chapter - 06: Engaging consumers; Section - THREE: Releasing business; Chapter - 07: Sustainable operations; Chapter - 08: Delivering performance; Chapter - 09: Transforming business; Chapter - 10: Emerging futures; Section - FOUR: Resources

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Book SynopsisThis collection brings together leading scholarly thinking to understand why CSR failed to prevent the global financial crisis, how corporate social irresponsibility (CSI) contributed to the financial crisis, and how we may reframe CSR or improve CSR frameworks to help prevent or mitigate any future financial and economic crises.Trade Review"Sharply crafted and refreshingly forthright, this edited collection is easily the most incisive scholarly treatment of the rhetoric and reality of 'Corporate Social Responsibility' (CSR) produced since the depths of the Global Financial Crisis (GFC) in 2007-8. It is also the first in what promises to be (under William Sun's expert editorial guidance) a steady flow of high-quality multi-author volumes addressing front-of-mind issues in corporate responsibility, governance and sustainability from a critical yet constructive perspective. If is incontestable that GFC exposed with brutal clarity the depths of corporate irresponsibility and regulatory ineptitude in western market economies, it is also plausible to argue - as do the 13 chapter contributions in this book - that the crisis also laid bare the underlying contradictions and limitations of pre-crisis approaches to CSR. In 2008, CSR (as then conceptualised and practised) was tested and found to wanting - perhaps even exacerbating the crisis rather than ameliorating it. This fine volume offers intelligent and lateral explains as to why this may have been so, as well as providing informed and thoughtful suggestions as to how CSR discourse and practice might be transformed for the greater good. As the volume's editors assert, the overriding conceptual and policy challenge is to reframe CSR from being an optional extra to an 'embedded' ethical imperative, integral to and inseparable from business discourse and values. Here is a book, then, that is designed both to unsettle and to assure; a book that should surely be mandatory reading for every business executive, every business student, and every business academic. Dr John Shields, Professor of Human Resource Management and Organisational Studies, The University of Sydney Business School"Table of ContentsList of Tables. List of Figures. List of Boxes. Acknowledgments. Reframing corporate social responsibility. The nature of responsibility and the credit crunch. The role of corporate social responsibility in the financial crisis. Corporate social irresponsibility: The role of government and ideology. Performance management and neo-liberal labour market governance: the case of the UK. Who is responsible for the financial crisis? Lessons from a separation thesis. Crisis, rescue, and corporate social responsibility under American corporate law. Institutionalisation of corporate social responsibility in the corporate governance code: The new trend of the Dutch model. When should companies voluntarily agree to stop doing things that are legal and profitable but ‘socially useless’; and would they ever?. The dark side of social capital: Lessons from the Madoff case. CSR 2.0: from the age of greed to the age of responsibility. Dying of consumption? Voluntary simplicity as an antidote to hypermaterialism. Corporate social responsibility in developing countries: polish perspective. Editorial Advisory and Review Board. List of Contributors. Critical Studies on Corporate Responsibility, Governance and Sustainability. Critical Studies on Corporate Responsibility, Governance and Sustainability. Copyright page.

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Book SynopsisPresents experimental economics research focusing on issues of environmental quality and sustainability. This title covers such topics as institutions for cap-and-trade, eco-tourism, urban sprawl, and optimal pollution control strategies.Table of ContentsList of Contributors. Introduction. Price Discovery in Emissions Permit Auctions. An Experimental Analysis of Grandfathering Versus Dynamic Auctioning in the EU ETS. Framing Effects in an Emissions Trading Experiment with Voluntary Compliance. Behavior in a Dynamic Environment with Costs of Climate Change and Heterogeneous Technologies: An Experiment. Contracts, Behavior, and the Land-assembly Problem: An Experimental Study. An Experimental Study for Environmental Fundraising in Majorca, Spain. Energy Systems, Economics, and Sustainability. Experiments on Energy, the Environment, and Sustainability. Research in experimental economics. Research in experimental economics. Copyright page.

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Book SynopsisPublished in association with the Social Responsibility Research Network, Volume 2 in this new and exciting series takes a global interdisciplinary perspective to the matter of governance in the business environment and includes key topics and contributions from the UK, Portugal, Belgium, Brazil, Japan, China and Malaysia.Table of ContentsList of Contributors. Introduction. Chapter 1 Governance and the Management of Global Markets. Chapter 2 Developing a Socially Responsible Information Technology Environment. Chapter 3 Corporate Social Responsibility and Marketing. Chapter 4 Multinational Corporations, Governments and Corporate Governance. Chapter 5 The Utilitarian Fallacy. Chapter 6 Strategic Alliances in the Japanese Car Industry. Chapter 7 Development of Corporate Social Responsibility in China. Chapter 8 CSR in the Context of Globalisation in Mauritius. Chapter 9 The Extent of Disclosure of Corporate Social Responsibility in Malaysia. Chapter 10 Corporate Social Responsibility and Sustainability. About the contributors. Index. Governance in the Business Environment. Developments in Corporate Governance and Responsibility. Developments in Corporate Governance and Responsibility. Copyright page.

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Book SynopsisEconomic governance institutions (rules, norms and enforcement practices) define the cost and incentive structures that influence the decisions of economic actors.Trade Review'This book is a welcome addition to the lively field of economic governance. The editors give a thoughtful review of ideas and landmarks in the literature and an organizing framework; the other chapters are a good mixture of theoretical, empirical, and case studies. The whole will significantly advance our understanding of institutions and economic performance.' --- Avinash Dixit, Princeton University, USTable of ContentsContents: 1. Does Economic Governance Matter? New Contributions to the Debate Mehmet Ugur and David Sunderland PART I: GOVERNANCE INSTITUTIONS AND MICRO-LEVEL BEHAVIOUR 2. Governance and Asymmetric Power Korkut Alp Ertürk 3. Norms, Advice Networks and Joint Economic Governance: The Case of Conflicts Among Shareholders at the Commercial Court of Paris Emmanuel Lazega, Lise Mounier and Paola Tubaro 4. Legal versus Reputational Penalties in Deterring Corporate Misconduct Peter-Jan Engelen 5. Strategies of Transnational Companies in the Context of the Governance Systems of Nation-states Grazia Ietto-Gillies PART II: GOVERNANCE INSTITUTIONS AND MACROECONOMIC OUTCOMES 6. The Effects of Convergence in Governance on Capital Accumulation in the Black Sea Economic Cooperation Countries Ahmet Faruk Aysan, Ömer Faruk Baykal and Marie-Ange Véganzonès–Varoudakis 7. Taxes, Foreign Aid and Quality of Governance Institutions José Antonio Alonso, Carlos Garcimartín and Luis Rivas 8. Economic Governance and Full Employment Constantine E. Passaris PART III: THE GOVERNANCE AND REGULATION INTERFACE 9. The Political Economy of Deregulation in the US Gas Distribution Market Vladimir Hlasny 10. Electricity Sector Reforms and the Tariff Review Process in Brazil Cláudio de Araújo Wanderley, John Cullen and Mathew Tsamenyi Index

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Book SynopsisThe effects of globalisation, together with the increase in foreign investment and resource development within the developing world, have created a context for human rights abuses by States in which transnational corporations are complicit.Trade Review‘This book will be an important resource for scholars and practitioners alike in the emerging field of business and human rights. Simon Baughen's careful and comprehensive analysis of the US and UK case law on corporate responsibility for human rights abuses is invaluable.’ -- Claire Methven O'Brien, The Danish Institute for Human Rights‘It is extremely satisfying to read such a professionally crafted piece of legal analysis.’ -- Alice De Jonge, Monash UniversityTable of ContentsContents: 1. Corporations and International Law 2. Suing in the US (1): Jurisdiction 3. Suing in the US (2): The Alien Tort Statute 1789 and Statutory Causes of Action 4. The ‘Law of Nations’ as a Cause of Action in the US 5. Tort Claims Against Transnational Corporations in the US 6. Tort Claims Against Transnational Corporations in the UK 7. Customary International Law as a Cause of Action Outside the US 8. Voluntary Codes and the UN Guiding Principles Conclusion Index

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Book SynopsisThis authoritative collection provides a broad overview of the role that family firms, both those publicly listed and privately held, play in the global economy.Trade Review‘For family firms - big and small - designing an appropriate system of governance represents a perennial challenge. The compilation of articles in this book offer some of the most rigorous and relevant research relative to governance conducted in the past decade. Furthermore, it includes a wide variation of journals that offer rich and multidisciplinary views on the topic. An indispensable reference for everyone interested in the topic of family firms and/or governance!’ -- Lloyd Steier, University of Alberta School of Business, CanadaTable of ContentsContents: Acknowledgements Introduction Julio Pindado and Ignacio Requejo PART I THE ROLE OF THE FAMILY IN CORPORATE GOVERNANCE 1. Mike Burkart, Fausto Panunzi and Andrei Shleifer (2003), ‘Family Firms’ 2. Marianne Bertrand and Antoinette Schoar (2006), ‘The Role of Family in Family Firms’ 3. Jean-Luc Arregle, Michael A. Hitt, David G. Sirmon and Philippe Very (2007), ‘The Development of Organizational Social Capital: Attributes of Family Firms’ PART II CONTROL STRUCTURES IN FAMILY FIRMS 4. Randall Morck and Bernard Yeung (2003), ‘Agency Problems in Large Family Business Groups’ 5. Heitor V. Almeida and Daniel Wolfenzon (2006), ‘A Theory of Pyramidal Ownership and Family Business Groups’ 6. Belén Villalonga and Raphael Amit (2009), ‘How Are U.S. Family Firms Controlled?’ 7. Henrik Cronqvist and Mattias Nilsson (2003), ‘Agency Costs of Controlling Minority Shareholders’ PART III CORPORATE PERFORMANCE OF FAMILY FIRMS 8. Ronald C. Anderson and David M. Reeb (2003), ‘Founding-Family Ownership and Firm Performance: Evidence from the S&P 500’ 9. Belen Villalonga and Raphael Amit (2006), ‘How do Family Ownership, Control and Management Affect Firm Value?’ 10. Benjamin Maury (2006), ‘Family Ownership and Firm Performance: Empirical Evidence from Western European Corporations’ 11. Christian Andres (2008), ‘Large Shareholders and Firm Performance − An Empirical Examination of Founding-Family Ownership’ 12. Michael R. King and Eric Santor (2008), ‘Family Values: Ownership Structure, Performance and Capital Structure of Canadian Firms’ PART IV FAMILY FIRMS AND STRATEGIC CORPORATE DECISIONS 13. Ronald C. Anderson and David M. Reeb (2003), ‘Founding-Family Ownership, Corporate Diversification, and Firm Leverage’ 14. Danny Miller, Isabelle Le Breton-Miller and Richard H. Lester (2010), ‘Family Ownership and Acquisition Behavior in Publicly-Traded Companies’ 15. Ronald C. Anderson, Sattar A. Mansi and David M. Reeb (2003), ‘Founding Family Ownership and the Agency Cost of Debt’ 16. Ronald C. Anderson, Augustine Duru and David M. Reeb (2009), ‘Founders, Heirs, and Corporate Opacity in the United States’ 17. Shuping Chen, Xia Chen, Qiang Cheng and Terry Shevlin (2010), ‘Are Family Firms More Tax Aggressive than Non-Family Firms?’ PART V SUCCESSION IN FAMILY FIRMS 18. Morten Bennedsen, Kasper Meisner Nielsen, Francisco Perez-Gonzalez and Daniel Wolfenzon (2007), ‘Inside the Family Firm: The Role of Families in Succession Decisions and Performance’ 19. Francisco Pérez-González (2006), ‘Inherited Control and Firm Performance’ 20. David Hillier and Patrick McColgan (2009), ‘Firm Performance and Managerial Succession in Family Managed Firms’ 21. Khai Sheang Lee, Guan Hua Lim and Wei Shi Lim (2003), ‘Family Business Succession: Appropriation Risk and Choice of Successor’ PART VI FAMILY FIRMS AND CORPORATE GOVERNANCE MECHANISMS 22. Ronald C. Anderson and David M. Reeb (2004), ‘Board Composition: Balancing Family Influence in S&P 500 Firms’ 23. Mauricio Jara-Bertin, Félix J. López-Iturriaga and Óscar López-de-Foronda (2008), ‘The Contest to the Control in European Family Firms: How Other Shareholders Affect Firm Value’ 24. Luis R. Gomez-Mejia, Martin Larraza-Kintana and Marianna Makri (2003), ‘The Determinants of Executive Compensation in Family-Controlled Public Corporations’ 25. Ashiq Ali, Tai-Yuan Chen and Suresh Radhakrishnan (2007), ‘Corporate Disclosures by Family Firms’ PART VII CORPORATE GOVERNANCE IN SMALL FAMILY FIRMS 26. Mark K. Fiegener (2010), ‘Locus of Ownership and Family Involvement in Small Private Firms’ 27. Zhenyu Wu, Jess H. Chua and James J. Chrisman (2007), ‘Effects of Family Ownership and Management on Small Business Equity Financing’ 28. Marco Cucculelli and Giacinto Micucci (2008), ‘Family Succession and Firm Performance: Evidence from Italian Family Firms’ 29. Carole Howorth, Paul Westhead and Mike Wright (2004), ‘Buyouts, Information Asymmetry and the Family Management Dyad’ 30. Jeroen van den Heuvel, Anita Van Gils and Wim Voordeckers (2006), ‘Board Roles in Small and Medium-Sized Family Businesses: Performance and Importance’

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Book SynopsisThis book assesses whether the law relating to directors’ duties and shareholder litigation has contributed to this, taking into account the changes to both that were introduced by the Companies Act 2006.Trade Review‘This book takes us back to the financial crisis and asks: should the directors of the financial institutions that caused the crisis be held responsible to their investors? Loughrey’s and her contributors’ analysis of that question and the suggestions to implement their proposals are insightful and timely. This is a must-read book for those of us who are still trying to determine how to avoid the next financial crisis.’ -- Randall Thomas, Vanderbilt Law School, USTable of ContentsContents: Introduction Joan Loughrey 1. The Director’s Duty of Care and Skill and the Financial Crisis Joan Loughrey 2. The Duty to Promote the Success of the Company: Is it Fit for Purpose in a Post-financial Crisis World? Andrew Keay 3. Narrative Reporting and Enlightened Shareholder Value Under the Companies Act 2006 Charlotte Villiers 4. Think Again: How Good Leaders Can Avoid Bad Decisions Andrew Campbell 5. Shareholder Activism and Litigation Against UK Banks – the Limits of Company Law and the Desperate Resort to Human Rights Claims? Roman Tomasic and Folarin Akinbami 6. Recent Cases on the Winding-up of Hedge Funds on Treasure Islands Robin Hollington 7. An Assessment of the Present State of Statutory Derivative Proceedings Andrew Keay and Joan Loughrey 8. Directors’ Duties and Shareholder Litigation: The Practical Perspective Joan Loughrey Conclusion Joan Loughrey Index

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Book SynopsisThe Profit Motive addresses questions of corporate purpose using historical, legal, and economic perspectives. It counters proponents of social corporate responsibility and defends the maximization of shareholder value and shareholder capitalism, as both what the law requires and what it ought to require.Trade Review'The Profit Motive is both a brilliant defense of the principle at the heart of capitalist prosperity and a clinical demolition of 'stakeholder' theory. A true master of his craft, Bainbridge not only knows everything worth knowing about his subject but expresses it with vigor, grace and, a wry sense of humor. A must-read for anybody who wants to understand what makes corporations thrive--and how to preserve them from death by good intentions.' Adrian Wooldridge, Bloomberg Opinion'Professor Bainbridge has authored an extraordinary book. It is both superb scholarly and yet at the same time highly accessible to the non-lawyer. This is a must read both for corporate law scholars and, more importantly, the public company director community.' Charles M. Elson, University of Delaware'Professor Bainbridge brings his unsurpassed expertise and scholarship around corporate governance to the discussion of ESG and stakeholder capitalism, convincingly arguing that the notion of business extending its focus beyond shareholders has no basis in the law, provides no actionable guidance to corporate directors, and ultimately yields no benefit to society.' Marc Hodak, Farient Advisors'Should directors of business corporations seek to maximize value for the corporation's shareholders, or should they make business decisions with a view to benefiting all corporate stakeholders? Professor Bainbridge's conclusions are thunderingly unequivocal: shareholder value maximization is both what the law requires and what the law ought to require; in the long run, it produces the best outcomes for shareholders and other constituencies and is the system appropriate for a democratic society. Everyone interested in what is happening in corporate America today - and how it could affect them, economically and otherwise - should read this book.' Robert T. Miller, University of Iowa College of LawTable of ContentsIntroduction; Part I. The Law: 1. The Battle of River Rouge; 2. Fireplug Funding For Princeton; 3. Why Didn't the Cubs Have to Play Night Baseball? 4. Defending Dodge; 5. To Make Stakeholder Capitalism the Rule, You Would Have to Change Most of Corporate Law; 6. What About the Benefit Corporation? Part II. The Merits: 7. Possible Merits of the Business Roundtable's Embrace of Stakeholder Capitalism; 8. Was There a Business Case for the Business Roundtable's Embrace of Stakeholder Capitalism? 9. Why did the Business Roundtable CEOs Shift Their Position?10. Why the Business Roundtable CEOs Should Have Stayed the Course; Conclusion.

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Book SynopsisFor forty years we've repeatedly reformed the way we run corporations. Yet research suggests these reforms have not only failed but have made many things worse. This book examines how and why modern governance practices fail, especially when advanced as solutions to serious political and social problems.

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Book SynopsisThis book shows what we might achieve from recasting the public sector as a platform and arena for co-creation. It provides a theoretical and practical account of what it takes for politicians, public managers and social entrepreneurs to use co-creation as a tool for producing innovative public value outcomes.Table of Contents1. A New Public Governance based on Co-Creation; 2. The Concept of Co-Creation: A Genealogy; 3. Co-Creation is Everywhere and Nowhere; 4. Co-Creation as Generative Governance; 5. The Complex and Dynamic Process of Co-Creating Public Value; Pathways to Co-Created Public Value Outcomes; 7. Co-Creation as the Reinvention of Democracy; 8. Mainstreaming and Scaling Co-Creation; 9. Handling Dilemmas, Avoiding the Dark Side and Tackling Democratic Problems 10. Where are we Today, and Where to Go from Here?

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Book SynopsisThis book discusses the role of business models in corporate reporting. It illustrates the evolution of non-financial reporting, the importance of business model reporting, and the main conceptualisations of business models. It also offers a methodological contribution to the assessment of business model reporting. Finally, it discusses the main implication of business model reporting for different categories of subjects and some challenges related to this kind of disclosure.Readers will understand the role of business models in the non-financial reporting landscape. They will also gain an understanding of how business models can help users of the annual report contextualise other non-financial items disclosed. However, effective business model reporting implies paying attention to certain features that define its quality. This theme is discussed in the empirical part of the book and in the section devoted to implications for preparers, users, and regulators.<Table of Contents1. Introduction 2. The disclosure of non-financial information and the role of business models 3. Business model communication in corporate reporting 4. The implications of business model disclosure 5. Concluding remarks

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Book SynopsisLarge public projects represent major complex investment and whilst there has been much written about how to develop, manage and deliver such projects, practice still does not match up with expectations. In this book, researchers from the Norwegian Concept Research Programme explore the paradoxes between theory and practice in collaboration with experts in the field of project governance. This book delves into the reality of large public projects, to show how they can be managed effectively and efficiently, recognising the realities of their context. It offers a range of practical conclusions as to the paradoxes of the governance and management of public projects. The international spectrum of authors draw their examples from the UK, Norway, Canada, France, Australia and the Netherlands. Bridging the gap between research, theory and practice, this book will benefit academics and researchers in the field of project management and corporate governance as well as those inTable of Contents1. IntroductionGro Holst Volden and Knut Samset2. Project successTerry M. Williams3. The logic of the project front-endOfer Zwikael and Alicia Gilchrist 4. Undertaking the project front-endMonique Aubry and Serghei Floricel5. EstimationRichard J. Kirkham 6. Incentives and politics: The perverse incentives paradox: root cause of many other paradoxes; the case of the Dutch BetuwerouteBert van Wee 7. Closing the loop: Ex-ante and ex-post evaluation in order to learn from mistakes and successesKnut Samset and Gro Holst Volden 8. ConclusionsTerry M. WilliamsAppendix

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Book SynopsisThe Research Handbook on Corporate Governance in China investigates the unique and rapidly evolving nature of the Chinese economy and explores the critical role played by corporate governance.

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Book SynopsisTrade Review‘The Research Handbook examines nonprofit governance at multiple levels from the organisational to the societal, using a wide variety of theoretical perspectives. It contains chapters by many of the leading researchers in the field. It is stimulating and thought provoking. A must read for anyone interested in nonprofit governance.’ -- Chris Cornforth, The Open University, UK‘This book is poised to make significant contributions to future research on nonprofit governance as well as governance more broadly. Its chapters insist that readers understand nonprofit governance within contextualized settings and explore evolving conceptions of “nonprofit” entities, sectors, governing functions, processes, and structures. While research has already expanded beyond the governing board, this volume crackles with opportunities for researchers to investigate nonprofit governance at multiple levels of analysis from numerous theoretical and disciplinary perspectives. Importantly, contributors reflect an international diversity of outlooks that enrich knowledge and invite further interrogation.’ -- Melissa Stone, Professor Emerita, University of Minnesota, US‘This state of the art volume offers a variety of illuminating approaches to the fundamental problem of governance, providing fresh frameworks to questions of voice and control. Dennis Young’s stellar concluding essay is, by itself, worth the price of admission!’ -- Walter W. Powell, Stanford University, USTable of ContentsContents: Preface xviii List of abbreviations xxii 1 Deepening and broadening the field: introduction to Research Handbook on Nonprofit Governance 1 Gemma Donnelly-Cox, Michael Meyer and Filip Wijkström PART I FUNDAMENTALS OF NONPROFIT GOVERNANCE 2 Normative understandings of nonprofit governance: everyday discourses and research perspectives 27 Florentine Maier and Michael Meyer 3 Accountability and transparency: cornerstones of civil society governance 46 Jurgen Willems 4 Nonprofit governance and external environments 71 Wolfgang Bielefeld and Fredrik O. Andersson 5 Who owns your nonprofit? A reconceptualization of nonprofit ownership 98 Stephanie A. Koolen-Maas 6 Regulatory governance of nonprofit organizations: legal frameworks and voluntary self-regulation 116 Stefan Toepler and Helmut K. Anheier PART II THEORETICAL FRAMEWORKS 7 Neoinstitutional theory and nonprofit governance research 141 Renate E. Meyer, Dennis Jancsary and Markus A. Höllerer 8 Actorhood as governance in neoliberal world culture 165 Patricia Bromley 9 Agents and stewards in nonprofit governance 186 Marc Jegers 10 Who really governs? Nonprofit governance, stakeholder theory and the dominant coalition perspective 196 Fredrik O. Andersson and David O. Renz 11 How nonprofit governance studies can be enriched by the commons framework: towards a cross-fertilization agenda of research 220 Philippe Eynaud and Jean-Louis Laville PART III GOVERNANCE FOR SPECIFIC TYPES OF NONPROFIT ORGANIZATIONS 12 The governance of foundations 236 Georg von Schnurbein 13 Democratic governance in membership-based organizations 258 Johan Hvenmark and Torbjörn Einarsson 14 Gate-keeping nonprofit governance: evaluative criteria and their rankings in nomination committee selection processes 279 Cecilia Stenling, Josef Fahlén, Anna-Maria Strittmatter and Eivind Å. Skille 15 International nongovernmental organization governance: brokering between developed countries and the developing world 294 Urs Jäger and José Pablo Valverde 16 Hybrid organizations as sites for reimagining organizational governance 311 Johanna Mair and Miriam Wolf PART IV FUTURE CHALLENGES 17 Nonprofit organizations in public governance 327 Annette Zimmer and Steven Rathgeb Smith 18 Multilevel governance and the role of civil society organizations in the European Union system 352 Carlo Ruzza 19 The marketization of the third sector? Trends, impacts and implications 371 Michael J. Roy, Angela M. Eikenberry and Simon Teasdale 20 Twists and turns of the practice of accountability in the nonprofit sector: the thin line between accountancy and organizational learning 391 Damien Mourey 21 Towards a unified theory of nonprofit governance 409 Dennis R. Young Index

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Book SynopsisThis essential Research Handbook provides an in-depth analysis of the link between corporate governance and ethics. By bringing together internationally renowned scholars, it reflects upon pertinent trends and challenges within the field. Significantly, it illuminates the ethical foundations of corporate governance.

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Book SynopsisWhat is the purpose of the company and its role in society? From their origin in medieval times to their modern incarnation as powerful transnational bodies, companies remain an important part of business and society at large. Drawing from a variety of perspectives, this book adopts a normative approach to understanding the modern company and provides insights into how companies should be conceptualized. It considers key topics such as the development of corporate theory, the rights and obligations of the company, and the means and ends of corporate governance. Written by leading experts of different jurisdictions, this book provides important international viewpoints on some of the most pressing corporate governance questions.Table of Contents1. Introduction Barnali Choudhury and Martin Petrin; Part I. Comparative and Historical Perspectives: 2. The four transformations of the corporate form Reuven S. Avi-Yonah; 3. Comparative corporate governance: old and new Martin Gelter; 4. The corporation's intrinsic attributes Christopher M. Bruner; Part II. The Company: Public or Private?: 5. Understanding the modern company through the lens of quasi-public power Marc T. Moore; 6. Reflections on the nature of the public corporation in an era of shareholder activism and stewardship Dionysia Katelouzou; 7. Regulating for corporate sustainability: why the public-private divide misses the point Beate Sjåfjell; Part III. Rights or Duty Bearer?: 8. The constitutional rights of corporations in the United States Brandon L. Garrett; 9. Understanding corporate criminal liability Ian B. Lee; 10. Human rights and business: expectations, requirements and procedures for the responsible modern company Karin Buhmann; 11. A balancing approach to corporate rights and duties Martin Petrin; Part IV. Governing the Modern Company: 12. Corporate law reform in the era of shareholder empowerment William W. Bratton; 13. Board accountability and the entity maximization and sustainability approach Andrew Keay; 14. The corporation and the question of time Lynn Stout; 15. Epilogue: a look to the future Barnali Choudhury and Martin Petrin.

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Book SynopsisThe rise of the independent director in Asia is an issue of global consequence that has been largely overlooked until recently. Less than two decades ago, independent directors were oddities in Asia's boardrooms. Today, they are ubiquitous. Independent Directors in Asia undertakes the first detailed analysis of this phenomenon. It provides in-depth historical, contextual and comparative perspectives on the law and practice of independent directors in seven core Asian jurisdictions (China, Hong Kong, India, Japan, Singapore, South Korea, Taiwan) and Australia. These case studies reveal the varieties of independent directors in Asia, none of which conform to its original American concept. The authors develop a taxonomy of these varieties, which provides a powerful analytical tool for more accurately understanding and effectively researching independent directors in Asia. This new approach challenges foundational aspects of comparative corporate governance practice and suggests a new pathTrade Review'Independent Directors in Asia combines a rigorous theoretical framework with the insights that only in-depth jurisdiction-specific analyses can give. In doing so, it provides the readers with a precise and thought-provoking sense of how the same governance mechanism can mean different things and perform different functions not only once transplanted from the US to Asia but also within the various Asian jurisdictions. In short, this is a fascinating book that has all the ingredients to become a classic in comparative corporate law.' Luca Enriques, Allen and Overy Professor of Corporate Law, University of Oxford'The independent director has been a focal point of corporate governance reform in the United States and the United Kingdom for decades, but its transplantation into Asian systems has been surprisingly complex and at times politically fraught. This enlightening volume exposes the institutional richness and functional diversity behind Asia's halting embrace of this corporate governance device. Independent Directors in Asia will have a long shelf life as an indispensable resource for scholars, policymakers and practitioners.' Curtis J. Milhaupt, Parker Professor of Comparative Corporate Law and Fuyo Professor of Japanese Law, Columbia Law School, New York'… this book has been a fascinating read, rich in detail and full of insight. The editors have succeeded in putting together a book that will undoubtedly be an important resource in the arsenal of all who are concerned with corporate governance generally.' Pearlie Koh, Singapore Journal of Legal StudiesTable of ContentsPart I. Theoretical Framework: Introduction Dan W. Puchniak, Harald Baum and Luke Nottage; 1. The rise of the independent drector in the West: understanding the origins of Asia's legal transplants Harald Baum; 2. Independent directors: a theoretical framework Wolf-Georg Ringe; 3. Varieties of independent directors in Asia: a taxonomy Dan W. Puchniak and Kon Sik Kim; Part II. Asian Jurisdiction-Specific Chapters: 4. Japan's gradual reception of independent directors: an empirical and political-economic analysis Gen Goto, Manabu Matsunaka and Souichirou Kozuka; 5. Korea's mandatory independent directors: expected and unexpected roles Kyung-Hoon Chun; 6. Independent directors in China: facts and reform proposals Xin Tang; 7. From double board to unitary board system: the corporate governance reform in Taiwan Hsin-Ti Chang, Yu-Hsin Lin and Ying-Hsin Tsai; 8. Independent directors in Hong Kong Vivienne Bath; 9. Independent directors in Singapore: a corporate governance outlier? Dan W. Puchniak and Luh Luh Lan; 10. Board independence in India: from form to function? Vikramaditya Khanna and Umakanth Varottil; Part III. Alternative Perspectives and Conclusions: 11. The rise and unlikely demise of independent directors in Australia Fady Aoun and Luke Nottage; 12. Case studies of independent directors in Asia Bruce Aronson; 13. Independent directors in Asia: theoretical lessons and practical implications Souichirou Kozuka and Luke Nottage; Appendices; Bibliography; Index.

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Book SynopsisThe Short Introduction to Corporate Finance provides an accessibly written guide to contemporary financial institutional practice. Rau deploys both his professional expertise and experience of teaching MBA and graduate-level courses to produce a lively discussion of the key concepts of finance, liberally illustrated with real-world examples. Built around six essential paradigms, he builds an integrated framework covering all the major ideas in finance over the past half-century. Ideal for students and practitioners alike, it will become core reading for anyone aspiring to become an effective manager.Trade Review'Raghavendra Rau has written a witty and thoroughly accessible introduction to how financial markets work and why they may fail to deliver. Highly recommended.' Sanjeev Goyal FBA, Fellow at Christ's College, University of Cambridge'To laypersons, finance often sounds like a bewildering array of jargon. Rau brilliantly explains key finance concepts using vivid real-world examples. Importantly, the material is accessible to a broad population. Thus, this is a unique text which should have wide-ranging appeal for beginners trying to obtain their first exposure to finance.' Avanidhar Subrahmanyam, Goldyne and Irwin Hearsh Chair in Money and Banking, Anderson School of Management, University of California, Los Angeles'Long overdue and very much welcome, Professor Rau's new handbook on the investment and financing decisions of a firm is logical, elegant, and remarkably easy to read. Reducing what we need to know into the six big ideas of corporate finance is bold, but audiences populated by undergraduates, graduate students or executives alike seeing it all for the first time will appreciate the simplicity. His humorous quips scattered throughout surely help to lift the burden of our field's more difficult concepts.' Andrew Karolyi, Harold Bierman Jr Distinguished Professor of Management, Cornell University, New York'Professor Rau successfully distils Corporate Finance into six basic ideas and through an understanding of these core tenets he has been able to cut through much of the complexity of Corporate Finance theory. Each of the six areas are explained in considerable detail but without an over reliance on mathematical models. The book will be equally valuable for financial professionals, students of finance theory and layman who are simply interested in how financial markets work.' Paul Warren, Clare College, University of Cambridge'Raghavendra Rau opens the gateway to an understanding of corporate finance in this book, moving us lucidly towards that nirvana of universal financial literacy - when people will not need a priesthood to work the world of finance for them. This gem of a book should be compulsory reading for everyone.' Indira Rajaraman, World Resources Institute, India and formerly a Member of the Thirteenth Finance Commission'Professor Rau provides a concise, coherent introduction to corporate finance that should be essential reading for current and aspiring managers. The text is interjected with examples that borrow from pop culture, which are only accentuated by Professor Rau's biting wit and quirky charm.' Kathleen M. Kahle, University of ArizonaTable of ContentsPreface; Acknowledgements; 1. Who are the players in corporate finance?; 2. NPV and the investment decision of the firm; 3. Portfolio theory and the discount rate; 4. Capital structure theory; 5. Option pricing theory; 6. Asymmetric information; 7. Market efficiency; 8. Wrapping it up; Index.

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Book SynopsisIn whose interests should a corporation be run? Proponents of 'stakeholder theory' propose a distinctive answer: it should be run in the interests of its primary stakeholders. Samuel Mansell offers a detailed critique of this claim, arguing that stakeholder theory undermines the principles on which a market economy is based.Trade Review'Sam Mansell has produced a fine critical analysis of stakeholder theory. He is both a skeptical and a sympathetic critic, a difficult road to follow, yet the results are a fine example of how to give the best possible interpretation of a position, before one begins to criticize it … Mansell's critique has the potential to make stakeholder theory better and stronger.' R. Edward Freeman, University of Virginia, from the Foreword'Mansell offers a thorough but highly readable, a close but wide ranging, and a sympathetic but ultimately critical account of stakeholder theory which renews key debates about the corporation and its objectives.' Jeremy Moon, International Centre for Corporate Social Responsibility, Nottingham University Business School'Samuel Mansell tackles a central aspect of the currently fashionable discourse of social responsibility in relation to theories of social contract and justice by interrogating the principles of social justice and fairness that lie underneath the rhetoric of free markets. His careful analysis is required reading for those who want to go beyond the PR sloganizing and tick-box compliance into a re-evaluation of market principles in the democratic society.' David Weir, Head, School of Business, Leadership and Enterprise, University Campus Suffolk'Samuel Mansell develops a sustained critique of stakeholder conceptions of the corporation, demonstrating their fundamental incoherence. What makes this book stand out, apart from its rigour and its dispassionate fairness, is its author's notable philosophical sophistication and, what is even rarer, his historical literacy. These between them allow him (in particular) to subvert the 'social contract' fictions on which CSR and stakeholder doctrines rely, without however suggesting that shareholder conceptions are unproblematic, or that there are plausible 'critical' alternatives.' Harro Hopfl, Essex Business School'The book should be essential reading not only for those interested in the theory and practice of business administration, but also for political philosophers at large.' Agustín José Menéndez, Political Studies Review'A necessary read for scholars interested in the corporate purpose debate … It builds on a wide range of philosophical sources that underpin stakeholder theory or capitalist thinking … [and] takes this debate forward in a significant manner.' Sébastien Mena, Organization StudiesTable of ContentsForeword; 1. Introduction; 2. An introduction to stakeholder theory; 3. The philosophy of stakeholder theory; 4. The corporation as a private association in a market economy; 5. The corporation as a sovereign power in a market economy; 6. Shareholder theory and its limitations; 7. Conclusion; References; Index.

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Book SynopsisFor forty years, successive editions of Ethical Theory and Business have helped to define the field of business ethics. The 10th edition reflects the current, multidisciplinary nature of the field by explicitly embracing a variety of perspectives on business ethics, including philosophy, management, and legal studies. Chapters integrate theoretical readings, case studies, and summaries of key legal cases to guide students to a rich understanding of business ethics, corporate responsibility, and sustainability. The 10th edition has been entirely updated, ensuring that students are exposed to key ethical questions in the current business environment. New chapters cover the ethics of IT, ethical markets, and ethical management and leadership. Coverage includes climate change, sustainability, international business ethics, sexual harassment, diversity, and LGBTQ discrimination. New case studies draw students directly into recent business ethics controversies, such as sexual harassment at Fox News, consumer fraud at Wells Fargo, and business practices at Uber.Table of ContentsPreface; 1. Ethical theory and business practice; 2. The rights and responsibilities of employees; 3. Managing, leading and governing; 4. Diversity and discrimination in the workplace; 5. Corporate social responsibility; 6. Ethics and information technology; 7. Marketing ethics; 8. Environmental sustainability; 9. Ethical issues in international business; 10. Ethical markets; 11. Economic justice.

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Book SynopsisThis Handbook will be an essential reference for scholars, students, practitioners, policymakers, and general readers interested in how corporate law and governance have exacerbated our most pressing environmental, social and economic challenges, and how reforms to these fields can help us resolve those challenges and achieve sustainability.Trade Review'Bringing together an impressive group of global scholars, this book weaves together insights and analysis of almost every manageable corporate sustainability issue resulting in a thorough and essential guide to corporations' ability to address sustainability challenges. A tour-de-force, this book is essential reading for scholars and corporations alike.' Barnali Choudhury, University College London'Sustainability - of corporations themselves, and of the wider society and environment to which they are inescapably linked - is reshaping managerial discourse and the practice of finance itself. New paradigms and methods are emerging in the academic disciplines associated with the study of the corporation. This Handbook, with 50 chapters by leading scholars from around the world, marks a seminal contribution to this reshaping of the field.' Simon Deakin, University of Cambridge'The Handbook investigates an under-explored but critical area: the relation of corporate law and corporate governance to sustainability. With a discussion of case studies from across the world and potential drivers for change, this Handbook will be an indispensable resource for anyone interested in exploring how corporations could contribute to a sustainable future.' Surya Deva, City University of Hong Kong'This Handbook is an essential reference for anyone working on one of today's most pressing challenges, which is the transition to a climate-neutral and sustainable economy. It is high on Europe's political agenda. Yet nobody should underestimate the implications and scale of such a transformation. It is cross-cutting by nature and requires a transdisciplinary policy approach.' Valdis Dombrovskis, The European Commission's Vice-President for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union'It is increasingly clear that business must play a central part - even a leadership role - in addressing our global sustainability crisis. The challenges are profound, and Sjåfjell and Bruner have marshaled many of the world's greatest experts to help identify ways to move ahead. Having this book on your desk is like having those experts on call.' Kent Greenfield, Dean's Distinguished Scholar, Boston College, Massachusetts'Global business may shape the world more than government, yet government may still have instruments to give guidance. This handbook brings all three together, condensed into the three-partite title and structure - scope (sustainability), governance of firms and political guidance (actually well beyond 'corporate law' solely). This handbook gives us Hercules at labour - but rather at his seventh task than at his first.' Stefan Grundmann, European University Institute and Humboldt University, Berlin'Two leading international corporate law scholars, Beate Sjåfjell and Christopher M. Bruner, have done a great job in bringing together a group of scholars from all over the world to write on one of the most important issues in corporate law - namely, corporate governance and sustainability. The book is to be commended for including in one place such a comprehensive range of subjects.' Andrew Keay, University of Leeds'This is an important and comprehensive volume on a topic that is of immense importance for academics, policymakers and practitioners. The editors have brought together the leading researchers in the field to produce a volume that provides profound insights into the intersection of corporate governance, law and sustainability. It deserves to be widely read and referenced.' Colin Mayer, Peter Moores Professor of Management Studies, University of Oxford'This magisterial volume brings together a comprehensive collection of chapters treating law, legal theory, and law reform possibilities. Especially valuable is the impressive array of country-specific case studies from around the world. Essential reading for anyone interested in the crucially important question of the impact of business activity and corporate law on sustainability.' David Millon, J.B. Stombock Professor of Law, Emeritus, Washington and Lee University'This book is a monumental work of scholarship. In terms of substantive scope, geographic reach and diversity of insight it is quite simply staggering. Its analysis of the contemporary financial, environmental and social challenges facing global business corporations is unsurpassed in originality and rigour. This timely collection will be an essential cornerstone of every corporate governance scholar's book collection for many years to come.' Marc T. Moore, University College London'Humanity is at a new juncture. Deep into the Anthropocene we are now forced to consider the risk of destabilising the entire planet. What we need, and what this Handbook addresses in a comprehensive, convincing and state-of-the-art fashion, is to operationalise 'strong sustainability' in corporate law and governance. This book is a key contribution towards this transformation.' Johan Rockström, Director Potsdam Institute Climate Impact Research, University of Potsdam'At their best, corporations have been invaluable tools for solving big societal challenges - from building early America's roads, bridges and railways, to curing disease, to bringing electricity to the masses. This impressive collection of scholarship explores what it will take to focus corporations on solving today's grandest challenges: environmental, social and economic sustainability.' Judith Samuelson, Executive Director, The Aspen Institute Business and Society Program'An increasing number of political and business leaders are realizing the urgency of a fair transition to a sustainable economy and the depth of the challenges this poses to our ways to do and regulate business. When looking for effective answers, they will be well served by this most timely Handbook.' Frans Timmermans, First Vice President of the European Commission'This book, with its comprehensive coverage and impressive list of preeminent contributors is a must-read for scholars, practitioners and policy makers concerned with the impact of the corporation on society. It provides in-depth analysis of the role that corporate law and corporate governance plays in the sustainability crisis, and persuasively argues that they must therefore figure centrally in any resolution.' Michelle Welsh, Monash University'Sjåfjell and Bruner's book is a brilliant contribution to the most pressing questions of corporate law and governance today. It challenges the 'trade off mentality' that construes ecological and social issues as of corporate concern only if they pose financial risks to the firm. This book provides an extremely important basis for re-conceptualizing how we think about corporate obligations.' Cynthia A. Williams, Osler Chair in Business Law, York University, Toronto For the full list of advance praise, see under Resources.Table of ContentsPart I. Global Business and Fragmented Regulation; Part II. Corporate Law Financial Markets and Sustainability; Part III. Corporate Law Corporate Governance and Sustainability; Part IV. Potential Drivers for Change.

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Book SynopsisA Financial Times Book of the Year 2020! What is a responsible business? Common wisdom is that it''s one that sacrifices profit for social outcomes. But while it''s crucial for companies to serve society, they also have a duty to generate profit for investors - savers, retirees, and pension funds. Based on the highest-quality evidence and real-life examples spanning industries and countries, Alex Edmans shows that it''s not an either-or choice - companies can create both profit and social value. The most successful companies don''t target profit directly, but are driven by purpose - the desire to serve a societal need and contribute to human betterment. The book explains how to embed purpose into practice so that it''s more than just a mission statement, and discusses the critical role of working collaboratively with a company''s investors, employees, and customers. Rigorous research also uncovers surprising results on how executive pay, shareholder activism, and share buybacks can be Trade Review'I do not know whether capitalism is in crisis. But I do know Alex Edmans' superb book makes the case, compellingly and comprehensively, for a radical rethink of how companies operate and indeed why they exist. It is the definitive account of the analytical case for responsible business, but is at the same time practical and grounded in real business experience. It is a tour de force.' Andy Haldane, Chief Economist, Bank of England'Politicians are calling for large companies to be regulated or split up. In this compelling book Alex Edmans argues that there is indeed a problem with corporate behavior but that the solution may be simpler: change corporate purpose so that companies focus on growing the pie rather than grabbing more of it. Edmans's arguments are a powerful and persuasive antidote to much of the conventional wisdom about the corporate world.' Oliver Hart, 2016 Nobel Laureate in Economics'This is a brilliant and timely book, taking the business case for responsible capitalism to a whole new level. Edmans provides a rigorous, evidence-based approach, exploring numerous angles around how businesses can (and, as he shows, must) combine profit-seeking with purpose as well as the role investors and other stakeholders can play in driving a genuine win-win approach. He tackles counter-arguments head-on and has the courage to expose examples of virtue-signalling that falsely discredit responsible businesses. Citing case studies collated over decades, it's a great read, too, offering fascinating examples well beyond the usual suspects. Grow the Pie really has the power to convince the sceptics as well as encourage advocates consider new ways to embed the approach further in their businesses.' Dame Helena Morrissey, financier and founder of the 30% Club'This is a must-read book for anyone interested in reforming capitalism - particularly in its role of serving wider society. The book is grounded in academic evidence, but the ideas are highly practical, and recognize the need for business to be profitable as well as purposeful. Most companies have inspiring mission statements; Edmans provides a concrete framework for translating them into actual practice. He does not shy away from acknowledging the challenges with running a purpose-driven company - balancing multiple objectives, achieving investor buy-in, and making decisions where the key criteria cannot be quantified. Instead, he tackles them head-on, giving clear guidelines on how to navigate tough decisions, which he illustrates with powerful examples.' Dominic Barton, former Global Managing Partner of McKinsey'The quest to encourage companies to adopt positive values, for the benefit of all stakeholders, sometimes seems long on vision and short on firepower. Edmans, a finance professor, provides plenty of ammunition to support the idea that visionary leaders can expand the whole “pie” in pursuit of purpose and profit.' Andrew Hill, Financial Times, Best Books of 2020'This is an original and important book that will help transform how business sees itself - and how we see business. Alex Edmans in his passionate advocacy of 'Pieconomics' challenges us all to adopt a mindset and unity of purpose in which all business actions contribute to pie growing. The implications are radical and far-reaching. Read it: it will challenge how you think.' Will Hutton, Principal of Hertford College, Oxford and Observer columnist'In Grow the Pie, Alex Edmans has provided us with a valuable contribution to contemporary thinking about how business can be a force for good in society. His thought-provoking, often contrarian, ideas are rigorously logical, delving beneath the superficial analyses we often see, which assume correlation implies causation. And Alex's engaging storytelling brings the principles of 'Pieconomics' to life with examples of prominent business people - not just those who understand the benefits of growing the pie - but also those who don't.' Sir James G. M. Wates, Chairman of Wates Group'Alex Edmans has done a great service to society by showing that business doesn't have to be a zero-sum game if we focus more on growing the pie rather than maximizing our slice of it. This is capitalism with a human face.' Andrew Lo, Massachusetts Institute of Technology'Just as Freakonomics encouraged readers to look beyond the conventional wisdom that underlies many public policies, now Professor Alex Edmans introduces the concept of Pieconomics. In Grow the Pie, he challenges popular rhetoric that the free enterprise system is broadly detracting from society. Instead, through many and varied examples, he offers an alternate lens through which we can interpret what constitutes responsible business. In this thoroughly readable book, Edmans debunks mythologies about corporate behavior and offers a new vocabulary by which we can have principled discussions about the role of business in society.  A 'must read' for leaders in government, business and the media that reports on both.' Paula Rosput Reynolds, Director of GE, BP, and BAE'This book is a must-read for asset owners, fund managers and for the boards and executives who lead business enterprise. It provides evidence-based analysis and guidance on how the influence of well-designed stewardship can yield benefit in terms of both financial returns for savers and investors and returns for all stakeholders in a way that benefits society as a whole.' Sir David Walker, former Chairman of Barclays and Morgan Stanley International, author of the Walker Review'Alex Edmans has produced rigorous evidence that the choice between people and profits is a false dichotomy. Now he makes his work accessible to a broader audience and explains how it's possible to overcome the tradeoffs that hold so many leaders and companies back.' Adam Grant, author of Originals and Give and Take and host of the TED podcast WorkLife'This uplifting book provides powerful examples, as well as evidence, that socially responsible businesses generate even higher long term profits than corporations focused on short term profit maximisation. Value is created particularly in new economy enterprises by employee purpose, creation of brand and reputation which drives customer preference. The findings reflects my own real world experiences of striving for business excellence across the global LifeSciences industry.' David Pyott, former Chairman and CEO of Allergan'Finance Professor Alex Edmans defines his purpose in life as 'to use rigorous research to influence the practice of business.' This book, Grow the Pie, demonstrates his manifest success in fulfilling that purpose. Edmans mobilizes evidence - not anecdotes - to make a case, both accessible and compelling, for policies and practices that increase the value available for all stakeholders versus simply and simplistically maximizing profit. Edmans' critical contribution is to reframe arguments about business and capitalism from an all too prevalent short-term zero-sum game to collaborative games where, over time, all can benefit.' Bill Janeway, Warburg Pincus'Alex Edmans provides robust evidence against the claim that businesses must choose between shareholder value and social responsibility. Although there are trade-offs, there is no single trade-off. What is good for shareholders can be good for society: evidence matters.' Baroness Onora O'Neill, University of Cambridge'An important, thoughtful, and timely book. The conflicts surrounding business, and its effects on society, are the subject of a heated debate. With clarity and insight, Alex Edmans makes a valuable contribution to this key debate. Anyone interested in this important subject would find much to learn from, or wrestle with, in this book.' Lucian Bebchuk, Harvard University, MassachusettsTable of ContentsIntroduction; How to read this book; Part I. Why grow the pie? Introducing the idea: 1. The pie-growing mentality: a new approach to business that works for both investors and society; 2. Growing the pie doesn't aim to maximise profits – but often does: freeing a company to take more investments, ultimately driving its success: 3. Growing the pie doesn't mean growing the enterprise: three principles to guide trade-offs and which projects to turn down; 4. Does pieconomics work?: data – not wishful thinking – shows that companies can both do good and do well; Part II. What grows the pie? Exploring the evidence: 5. Incentives: rewarding long-term value creation while deterring short-term gaming; 6. Stewardship: the value of engaged investors that both support and challenge management; 7. Repurchases: investing with restraint, releasing resources to create value elsewhere in society; Part III. How to grow the pie? Putting it into practice: 8. Enterprises: the power of purpose and how to make it real; 9. Investors: turning stewardship from a policy into a practice; 10. Citizens: how individuals can act and shape business, rather than be acted upon; Part IV. The bigger picture: 11. Growing the pie more widely: win-win thinking at the national and personal levels; Conclusion; Action items; Appendix; Acknowledgements; Endnotes; Index.

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Book SynopsisThis book can help students, scholars and practitioners identify the overlaps and tensions between company and environmental law. Connecting diverse areas such as international environmental law, climate and energy law, human rights law, and investor action, Benjamin argues that company law can be a bridge to corporate climate action.

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Book SynopsisEthics and Corporate Social Responsibility in the Meetings and Events Industry is a comprehensive roadmap that prepares event professionals for the economic, environmental, and social challenges ahead, and transforms the industry for the long run. This timely text inspires us to view Corporate Social Responsibility, ethics, and sustainability as no longer just best practices, but as business standards. With its practical tools and insights, readers are compelled to build an industry where meetings and events contribute positively and ethically to communities and cultures. Ethics and Corporate Social Responsibility in the Meetings and Events Industry presents a wide range of topics, bringing insights from environmental science to corporate responsibility.Intended to build sustainable leaders in the industry, this book offers the knowledge to get started and the momentum to continue.Table of ContentsForeword vii Series Editor Foreword xi Preface xiii Acknowledgments xvii CHAPTER 1 Introduction to Corporate Social Responsibility and Ethics 3 CHAPTER 2 Business Ethics and the Meetings and Events Industry 29 CHAPTER 3 Strategies for Sustainable Meetings 49 CHAPTER 4 Social Responsibility and Culture 73 CHAPTER 5 Meetings, Events, and Environmental Science 93 CHAPTER 6 Shared Value and Strategic Corporate Responsibility 117 CHAPTER 7 Communication, Marketing, and Public Relations 141 CHAPTER 8 Sustainable Supply Chains for Meetings and Events 163 CHAPTER 9 Sustainability Measurement and Evaluation 189 CHAPTER 10 Sustainability Reporting for Meetings and Events 217 CHAPTER 11 Risk Management and Legal Considerations 247 CHAPTER 12 Backcasting and Scenario Planning for a Sustainable Meetings and Events Industry 269 Glossary 291 Index 297

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Book SynopsisAn essential guide to good governance for board leaders at all levels of experience and expertise This third edition of the bestselling book for nonprofit board members and professionals offers a thoroughly revised and updated resource that answers the most-commonly asked question on board governance.Table of ContentsAbout BoardSource v Introduction: The World of Nonprofits xv Part One: Basic Board Functions 1 What are the basic responsibilities of a nonprofi t board? 3 2 What are the legal duties of a board member? 6 3 What is the board’s role and involvement in mission, vision, and values? 9 4 What is the board’s role in fi nancial management? 12 5 What is the board’s role in strategic planning? 16 6 How does strategic thinking contribute to board and organizational effectiveness? 20 7 What is the board’s role in fundraising? 23 8 What is the board’s role in organizational evaluation? 27 9 How does the board avoid the extremes of “rubber stamping” and micromanaging? 32 10 Why is connecting and communicating with constituencies an important task for the board? 36 11 How does a board function as a team? 40 12 What are the attributes of a high-performing board? 43 Part Two: Board Structure 13 What is the best size for our board? 49 14 How should we structure our board? 52 15 What types of board committees should we have? 55 16 How can our committees be most effective? 58 17 Does our board need an executive committee? 62 18 Should our board have advisory councils? 65 19 What is the role of the board chair? 69 20 What board offi cers should we have? 73 21 How should we select our board offi cers? 76 22 What kind of board does an all-volunteer organization have? 79 Part Three: Board Member Selection and Development 23 How can we recruit active, involved board members? 85 24 How can we use a board matrix to identify recruitment needs? 89 25 What is the chief executive’s role in board recruitment? 93 26 How can a membership organization build an effective board? 95 27 How can our board become more diverse and inclusive? 98 28 What should we tell our prospective board members? 101 29 What should we include in our board orientation? 106 30 Should members of the same family serve on a board? 109 31 Should constituents serve on the board? 112 32 What should we do about uninvolved board members? 114 33 Should we have term limits for board members? 119 34 How can we engage former board members and chief executives? 122 35 Should board members be compensated? 126 36 How can our board assess and improve its own performance? 130 37 Should individual board members be evaluated, and, if so, how? 136 Part Four: Board and Committee Meetings 38 Is a board legally required to hold open meetings? 141 39 How often and where should we meet? 144 40 How can we improve our meetings? 147 41 How can we encourage debate while promoting civility in the boardroom? 154 42 What is the purpose of a board retreat? 158 43 Who should attend board meetings, and what are their roles? 160 44 How should staff members participate in board and committee meetings? 163 45 What are the different ways boards make decisions? 167 46 How should board minutes be written, approved, and kept? 170 47 How can e-governance improve board and committee work? 174 Part Five: The Board’s Role as a Fiduciary 48 How does a board help ensure the organization’s long-term viability? 181 49 What does the board need to know about reserves and investments? 185 50 What is the board’s role in the budget? 190 51 What is the board’s role in the annual financial audit? 193 52 What are the signs of fi nancial distress in an organization? 197 53 What should we do if we suspect fraudulent activity? 200 54 What policies and practices should we adopt to manage confl ict of interest? 205 55 How can we protect the organization—and ourselves—from lawsuits? 210 56 What is a Form 990? 216 57 Why should every board member make an annual monetary contribution? 219 58 How can we develop board members’ fundraising skills? 222 59 How can we generate revenue beyond fundraising? 225 60 How does a nonprofi t operate a for-profit subsidiary? 230 61 What’s the best way to keep track of board policies? 236 Part Six: Board-Staff Relations 62 How does an all-volunteer organization make the transition to paid staff? 243 63 What is the board’s involvement in staff selection and management? 247 64 What is the ideal relationship between the board chair and the chief executive? 251 65 Should the chief executive have a vote on the board? 257 66 Should board members be hired as staff members? 259 67 How should we evaluate the chief executive? 261 68 How do we set fair compensation for the chief executive and the staff? 265 69 What is the chief executive’s role in improving the board? 269 70 What is the board’s role in relation to the staff? 273 71 How can the senior staff contribute to board effectiveness? 276 72 How can we facilitate the end of a chief executive’s employment? 280 73 What characteristics should we look for in a new chief executive? 286 74 How do we fi nd a new chief executive? 291 Part Seven: Organizational Change 75 What is the typical lifecycle for a nonprofi t organization? 299 76 How do we ensure that the organization thrives after the founders depart? 304 77 When should an organization consider revising its mission statement? 307 78 When should we enter into strategic alliances with other organizations? 310 79 When should we consider a merger or acquisition? 313 80 How can we expand the organization’s scope to an international level? 318 81 Should our charitable organization engage in lobbying? 323 82 How should we respond to an organizational emergency or controversy? 326 83 What is the board’s role in hiring a consultant? 330 84 When should the board consider closing a nonprofit organization? 332 85 How does the board keep up with organizational change? 335 Conclusion 339 Index 343

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Book SynopsisOriginally published by Stevenson, Inc., this practical resource provides nonprofit organizations and their leaders with step-by-step procedures to build and nurture board members who are able and willing to assist with fundraising. In addition to tips, techniques, and best practices to identify and recruit financially capable board members, successful examples from various nonprofit organizations are shared. Important topics covered include: Board nomination committees Board member recruiters Prospective board member interviews Board member responsibilities Board giving Board surveys Board campaign potential Stretch gifts Board communication Major gifts Connecting with former board members Board fundraising strategies Board member commitments Please note that some content featured in the original version of this title has been removed in this

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