Corporate governance Books

Book SynopsisA fully updated edition of the definitive guide to financial regulation In recent years, not only has the compliance field become firmly established, but it has seen staggering growth, thanks to never-ending changes in the regulatory environment. As regulation increases still further, the demand for clear guidance on navigating daily compliance issues is greater than ever. Now in its second edition, the highly successful Essential Strategies for Financial Services Compliance has been updated with the latest compliance strategies and regulatory information, making it indispensable for compliance officers, legal firms, and anyone else working with the financial services compliance function. Non-compliance represents a significant material risk for any financial services firm that fails to understand and appropriately apply regulatory standards. This Second Edition of Essential Strategies for Financial Services Compliance makes it easy to digest complex infTable of ContentsAcknowledgements ix List of Abbreviations xi Preface (Or, How Not to be an Execution Officer) xvii Foreword to the First Edition xxi Foreword to the Second Edition xxiii Part One Commentary and Context 1 Chapter 1 The UK Regulatory Environment 3 1.1 Regulation in the UK 3 1.2 Different regulatory regimes in the UK 5 1.3 The FSMA regime for investment business 5 1.4 The UK’s anti-money laundering regime 11 1.5 The UK’s takeover regime 13 1.6 Other UK regulatory regimes 13 Chapter 2 The Compliance Function 15 2.1 Compliance as a concept 16 2.1.1 What is Compliance? 16 2.1.2 Who is responsible for Compliance? 19 2.1.3 Different Compliance models 21 2.2 The Compliance Officer 22 2.2.1 Key responsibilities of the Compliance Officer 22 2.2.2 What are the characteristics of a good Compliance Officer? 24 2.3 Compliance: good and bad 26 2.3.1 What are the characteristics of a good Compliance regime? 26 2.3.2 What are the characteristics of a bad Compliance regime? 30 2.3.3 Danger signals 32 2.4 The argument for Compliance 33 2.4.1 What are the benefits of Compliance, regulation and the Compliance Officer? 33 2.4.2 What are the costs of Compliance? 40 2.5 Compliance as a profession 41 Chapter 3 The Compliance Contract 45 3.1 The Compliance Mission Statement 46 3.2 The Compliance Charter 47 3.2.1 Contents of a Compliance Charter 47 Chapter 4 Mapping Your Compliance Universe 53 Chapter 5 Mapping Your Corporate Universe 57 5.1 Operating entities 57 5.2 Business units 61 5.3 External Service Providers 66 Chapter 6 Regulators and Other Industry Bodies 69 6.1 Exchanges 70 6.2 Clearing houses 76 Chapter 7 The Legislative Environment and Rules Mapping 77 7.1 Rules mapping 79 7.2 Detailed rules mapping for your own firm 79 7.3 Rules mapping for an overseas jurisdiction 82 Chapter 8 Financial Products, Services and Documentation 85 8.1 Products and services 85 8.2 Understanding products and services in context 86 8.3 Documentation 88 Chapter 9 Compliance Outside the Compliance Department 91 9.1 The Front Office 92 9.2 The Back Office and other support functions 93 Chapter 10 Key Compliance Department Activities 95 10.1 Routine activities 95 10.2 Off-Piste Compliance: advisory work 96 10.2.1 Understanding what it is all about 97 10.2.2 What are the regulatory implications? 99 10.2.3 Your plan of attack 105 10.3 Compliance conundrums 107 10.4 Dealing with a lack of cooperation 108 Chapter 11 Comply or Die – When Things Go Wrong 111 11.1 Someone’s watching you 113 11.2 The regulators have ‘hot buttons’ 118 11.3 What the regulators can do to find out more 120 11.4 What to do if you are being investigated or are subject to disciplinary action 122 11.5 Consequences of rule breaches and other regulatory misdemeanours 124 Appendices A Routine Compliance Activities 131 B Routine Anti-Money Laundering Activities 207 C Compliance in the Front Office 221 D Compliance for Senior Management, the Back Office and Other Support Departments 265 E Compliance Conundrums – What Would You Do? 291 Part Two Compliance Perspectives 333 Box 1: Acting on Principle 335 Box 2: ARROW 339 Box 3: Basel III and CRD IV 340 Box 4: Extradition 342 Box 5: Financial Services Action Plan 343 Box 6: Going Global? 345 Box 7: Industry Guidance 347 Box 8: L&G v. the FSA – Who are the Real Winners and Losers? 349 Box 9: Markets in Financial Instruments Directive 350 Box 10: Money Laundering Statistics 353 Box 11: Prudential Regulation of Capital Adequacy 354 Box 12: The Enforcement Process – Getting on the Wrong Side of the Regulators 356 Box 13: The Laundering Process 357 Box 14: Treating Customers Fairly 358 Index 361

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Book SynopsisRaise more money for your cause! Based on expert advice and insights from a variety of respected industry experts, Nonprofit Fundraising 101 is an essential text for nonprofit professionals, volunteers, activists, and social entrepreneurs who want to leverage best practices to promote their cause.Table of ContentsAbout the Book xvii Acknowledgments xxv Foreword: Discovering What It Means to Be a Fundraiser xxvii Lynne Twist, author of The Soul of Money: Reclaiming the Wealth of Our Inner Resources PART 1: Planning for Success and Preparing Your Team 1 Chapter 1 Creating a Fundraising Plan 3 Interviewee: Andrea McManus, president of The Development Group Insets: Dispelling the Overhead Myth; Sample Fundraising Plan Chapter 2 Hiring and Training Development Staff 13 Interviewee: Missy Sherburne, cheif partnerships officer at DonorsChoose.org Inset: Get Your Executive Director to Love Fundraising with Brian Gougherty, director of major gifts at Worldreader Chapter 3 Engaging Your Board 25 Interviewee: Lisa Hoffman, fundraising and board development consultant Chapter 4 Volunteer Fundraising 37 Interviewee: Simon Tam, director of marketing at Oregon Environmental Council Case Study: APANO PART 2: Building Your Toolkit and Tracking Progress 45 Chapter 5 Prospecting and Donor Research 47 Interviewee: Helen Brown, co-author of Prospect Research for Fundraisers: The Essential Handbook and president of the Helen Brown Group Chapter 6 Donor Databases and CRM 57 Interviewees: Suzanne DiBianca, president and co-founder of Salesforce.com Foundation, and Peggy Duvette, director of social impact at NetSuite Chapter 7 Measuring Impact: Data, Stories, and Organizational Dashboards 65 Interviewee: Stever MacLaughlin, director of analytics at Blackbaud Inset: Outputs Versus Outcomes Case Study: charity: water with Kaitlyn Jankowski, supporter experience manager at charity: water PART 3: Individual Donors 77 Chapter 8 Grassroots Fundraising: Building Your Donor Pyramid 79 Interviewee: Kim Klein, author of Fundraising for Social Change and principal of Klein & Roth Consulting Inset: Don’t Be Afraid to Dream Big Chapter 9 Major Donors: Building Relationships, Making the Ask, and Stewardship 87 Interviewee: Kay Sprinkel Grace, author of Beyond Fundraising and fundraising consultant Inset: Tracking Major Donors in Databases Chapter 10 Direct Mail: The Ins and Outs 99 Interviewee: Mal Warwick, author of Revolution in the Mailbox and founder and chairman of Mal Warwick | Donordigital Chapter 11 Year-End, Annual Appeals, and Membership Campaigns 107 Interviewee: Farra Trompeter, vice president at Big Duck and vice chair of the board at NTEN Inset: Sample Year-End Campaign Calendar Chapter 12 Event-Based Fundraising 117 Interviewees: Tracy Kosolcharoen, marketing manager at Eventbrite, Daniel Lurie, CEO and founder of Tipping Point Community, and Jen Pitts, managing director of communications, events, and development at Tipping Point Community Inset: Van Jones’ Live Ask Recipe with Van Jones, CNN correspondent and president and co-founder of Dream Corps Chapter 13 Runs, Walks, and Rides: Community-Based Fundraising 133 Interviewee: Jeff Shuck, founder and CEO of Plenty Case Study: Kyra Millich, volunteer fundraiser Chapter 14 Fundraising Across the Generations: Millennials, Baby Boomers, and More 143 Interviewees: Alia McKee, principal of Sea Change Strategies, and Derrick Feldmann, president and founder of Achieve Inset: The Generations: What Fundraisers Need to Know PART 4: Online Fundraising 153 Chapter 15 Maximizing Website Donations 155 Interviewee: Caryn Stein, vice president of communications and content at Network for Good, and editor of The Nonprofit Marketing blog Case Study: Mercy House, by CommitChange Chapter 16 Fundraising with Email 165 Interviewee: Kivi Leroux Miller, author of The Nonprofit Marketing Guide: High-Impact, Low-Cost Ways to Build Support for Your Good Cause and president of NonprofitMarketingGuide.com Inset: Email Cheat Sheet, by CommitChange Chapter 17 Social Media and Crowdfunding for Your Cause 175 Interviewees: Beth Kanter, author of The Networked Nonprofit and blogger, and John Haydon, author of Facebook Marketing for Dummies and founder of Inbound Zombie Inset: P.O.S.T. to Social Media Social Media Case Study: The ALS Ice Bucket Challenge with Lance Slaughter, chief chapter relations and development officer at the ALS Association Appendix Practical Tips for Key Social Media Platforms 189 Crowdfunding Case Study: RE-volv, with Andreas Karelas, founder and executive director at REV-volv Chapter 18 Mobile Fundraising 195 Interviewees: Heather Mansfield, author of Mobile for Good: A How-To Fundraising Guide for Nonprofits and principal blogger at Nonprofit Tech for Good, and Tanya Urschel, nonprofit vertical manager at PayPal Insets: Planning for Success: Th e Mobile Matrix™ by Sparrow: Mobile for All; Text-to-Give PART 5: Foundations 205 Chapter 19 Research, Getting in the Door, and Securing an Invitation to Apply 207 Interviewees: Tori O’Neal McElrath, author of Winning Grants Step by Step and founder of O’Neal Consulting Services, and Leeanne G-Bowley, manager of capacity and leadership development at Foundation Center and artistic and executive director at In-Sight Dance Company Insets: The Diff erent Kinds of Foundations; Types of Grants Chapter 20 Government Grants 221 Interviewee: Joshua Sheridan Fouts, executive director at Bioneers Inset: Where to Find Government Grants Chapter 21 Writing a Winning LOI and Proposal 227 Interviewees: Susan Fox, co-author of Grant Proposal Makeover: Transform Your Request From No to Yes and fundraising consultant, and Jane C. Geever, author of Th e Foundation Center’s Guide to Proposal Writing and founder of J.C. Geever Chapter 22 Tracking Progress and Reporting Back 235 Interviewee: Beverly Browning, author of Grant Writing for Dummies and vice president of grant writing services at eCivis Inset: Logic Models PART 6: Corporate Support 243 Chapter 23 Sponsorships 245 Interviewee: Maureen Carlson, president of GoodScout Inset: Sponsorship Proposal Template Chapter 24 Cause Marketing Partnerships 255 Interviewees: David Hessekiel, co-author of Good Works and president of Cause Marketing Forum, and Joe Waters, author of Cause Marketing for Dummies and founder of Selfish Giving Inset: Cause Marketing Proposal Tips Chapter 25 In-Kind Fundraising and Media Sponsorship 265 Interviewee: Gayle Samuelson Carpentier, chief business development officer at TechSoup Global PART 7: Unlocking Social Enterprise 273 Chapter 26 Earned Income Strategies 275 Guest Contributor: Rick Aubry, professor of social enterprise at Tulane University and founder of Rubicon Programs Social Enterprise Case Study: Grow Dat Afterword: Finding Your Path 287 Premal Shah, president and co-founder of Kiva.org Closing Thoughts 291 Book Partners 295 About the Authors 317 Index 319

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Book SynopsisDirectors: Improve Board Performance The Director''s Manual: A Framework for Board Governance offers current and aspiring board members essential up-to-date governance guidance that blends rigorous research-based information with the wisdom found only through practical, direct experience. The book''s flexible approach to solving governance issues reflects the authors'' belief that no two boards and the cultural dynamics that drive them are the same. As such, the advice offered reflects recognizable leadership dynamics and real world, relevant organizational situations. The book''s two authors, Peter C. Browning, an experienced CEO and member of numerous boards and William L. Sparks, a respected organizational researcher, combine their individual experiences and talents to create a book that is both innovative and applicable to directors in any industry sector. Specific best practice guidance is designed to help board members and their directors understand the uniqueTable of ContentsAcknowledgments ix Peter C. Browning ix William L. Sparks x Preface xi Why We Wrote This Book xi Chapter 1 The Changing World of Board Governance: How We Got Here 1 What’s in This Chapter? 1 How and Why Boards Have Changed 2 Why These Events Are Important 3 A Barometer for CEO Compensation 5 2002—A Board Governance Tipping Point 9 Impact of the 2008 Financial Meltdown 14 Chapter Summary 17 What’s Next? 18 Chapter 2 Role of the Board 19 What’s in This Chapter? 19 Home Depot’s Leadership Question 20 Two Key Guiding Principles 22 Why Boards Exist 23 Three Critical Questions That Boards Ask 24 Is the Right CEO Running the Company? 25 Is a Robust Succession Plan in Place? 29 Determining the Right Strategy 30 Chapter Summary 31 What’s Next? 32 Chapter 3 Key Board Leadership Roles 33 What’s in This Chapter? 33 Public Outcry for Action 35 Changes in NYSE Listing Requirements 36 The Debate over the Separation of Roles 37 Nonexecutive Chairman, Lead Director, or Presiding Director 40 The Challenge of Board Leadership 42 Chapter Summary 45 What’s Next? 45 Chapter 4 Board Culture 47 What’s in This Chapter? 47 Understanding Board Culture 48 Examples Illustrating Schein’s Model of Culture and Board Dynamics 50 The Three Elements of Board Culture 51 The Leadership and Board Performance Cycle 58 Transforming Board Culture 63 Chapter Summary 66 What’s Next? 67 Chapter 5 Group Dynamics and Board Decision Making 68 What’s in This Chapter? 68 Why Working in Groups Is Difficult 69 Groupthink: Managing Conflict in the Boardroom 72 Understanding and Avoiding Groupthink 74 Getting Past The Abilene Paradox 76 Chapter Summary 81 What’s Next? 81 Chapter 6 Board Structure and Schedule 82 What’s in This Chapter? 82 Board Size 83 Meeting Requirements and Preparation 84 Effective Meetings and Service 90 Chapter Summary 91 What’s Next? 92 Chapter 7 Assessing Board Performance 93 What’s in This Chapter? 93 The Evolution of Board Assessments 94 Customizing the Assessment Process 96 Finding Your Own Best Practice 98 Chapter Summary 101 What’s Next? 101 Chapter 8 The Challenge of the Disruptive Director 103 What’s in This Chapter? 103 Disruptive Members a Common Issue 104 The Ying and Yang of Conflict 105 An Effective Dissenter 106 Five Types of Disruptive Directors 107 Dealing with Disruptive Directors 109 How Assessments Help 110 Chapter Summary 111 What’s Next? 112 Chapter 9 The Other Succession Challenge: The Board of Directors 113 What’s in This Chapter? 113 Why a Board Needs to Plan for Succession 114 Demographics and Board Service Realities 115 Enron, the 2008 Financial Collapse, and Dodd-Frank 115 Building a Board Succession Plan 117 Educating, Onboarding a New Member 123 Chapter Summary 124 What’s Next? 124 Chapter 10 What’s Next in the Boardroom? 125 What’s in This Chapter? 125 Ongoing Scrutiny of Executive Compensation 127 Continuing Demands for More Proxy Information 129 More Shareholder and Investor Activism 130 Greater Demands for Proxy Access 132 Sharper Focus on Risk Management 133 Ever-Increasing Scrutiny of Board Composition 134 The Way Forward 134 Chapter Summary 135 What’s Next? 136 Appendices Board of Directors Assessment Forms 137 Appendix A Board of Directors Self-Assessment 138 Appendix B Audit Committee Assessment 152 Appendix C Compensation Committee Assessment 154 Appendix D Governance/Nominating Committee Assessment 156 Appendix E CEO Assessment 158 Appendix F Lead Director Assessment 163 Appendix G Nonexecutive Chairman Assessment 165 Appendix H Peer Assessment 167 Notes 169 About the Authors 179 Index 183

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Book SynopsisTable of ContentsPreface vii Acknowledgements ix Part 1 Frameworks and Mechanisms 1 1 Defining Corporate Governance 3 Introduction 3 What is Corporate Governance? 5 Theoretical Frameworks 7 Agency Theory 8 Transaction Cost Theory 11 Transaction Cost Theory Versus Agency Theory 12 Stakeholder Theory 13 Stakeholder Versus Agency Theory 15 The Enlightened Shareholder Versus the Stakeholder-Inclusive Approach 17 Institutional Theory 17 The Evolving Framework of Corporate Governance 18 Academic Research: The Frontiers of Corporate Governance Research 19 Chapter Summary 20 Questions for Reflection and Discussion 21 2 The Impact of Corporate Governance Weaknesses and Failure 22 Introduction 22 The Collapse of Enron in 2001 23 Laying the Foundations 23 Glittering Success 23 Early Worries 24 Signs of Distress 25 The Fall . . . and Fall . . . of Enron 25 Creative Accounting at Enron and Its Impact on the Accounting Profession 26 The Aftermath 28 The Trial and the Human Dimension 29 A Reflection on the Corporate Governance Problems in Enron 30 The Collapse of the World’s Banking Sector and Governance Failure: 2008 32 Learning from the Crisis: Identifying Corporate Governance Failures 33 The Collapse of Carillion in 2018 35 An Overview of Carillion and its Activities 35 Carillion Spent Zillions 35 The Road to Ruin 36 Failure of the Board of Directors and a ‘Rotten Corporate Culture’ 36 Through a Glass Darkly: Lack of Transparency in Accounting and Auditing 37 Unethical Treatment of Shareholders: Dividends as Impression Management? 37 Unethical Treatment of Non-Shareholding Stakeholders 38 ‘Enrillion’: Similar Governance Weaknesses in the Two Corporate Collapses 39 Chapter Summary 39 Questions for Reflection and Discussion 40 3 Corporate Governance Reform 41 Introduction 41 n Illustration 3.1: The Maxwell Affair 1991 42 The Cadbury Report 1992 45 The Greenbury Report 1995 45 The Hampel Report 1998 46 The Turnbull Report 1999 48 The Higgs Report 2003 49 The Tyson Report 2003 49 The Smith Report 2003 50 Revised Guidance on Audit Committees 2008 50 Redraft of the Combined Code 2003, Revised 2006 50 Internal Control: Revised Guidance for Directors on the Combined Code 2005 50 Further Revision of the Combined Code 2008 51 Turner Review March 2009 51 Walker Review July 2009 51 The Stewardship Code 2010 52 Corporate Governance Code 2012 52 The Kay Review 53 Corporate Governance Code 2016 and 2018 53 Corporate Governance Consultations Following Recent Corporate Collapses 54 The Kingman Review and the End of the FRC: Introducing the Arga 54 A Review 54 Comply or Explain 55 Applying the Codes of Practice to Small Companies 55 Ranking Corporate Governance Initiatives 56 Why is Good Corporate Governance Important? 57 Corporate Governance and Corporate Performance 57 A Risk Perspective on Corporate Governance 59 Corporate Governance Ratings, Indexes and Links with Financial Performance 59 Chapter Summary 60 Questions for Reflection and Discussion 60 4 The Role of Boards in Corporate Governance 61 Introduction: Enhancing Board Effectiveness 61 Unitary and Two-Tier Board Structures 62 Splitting the Role of Chairman and Chief Executive 62 Research into Split Roles 63 The Role of Non-Executive Directors in Corporate Governance 64 n Illustration 4.1: The Non-Executive Director Function in the Wake of the Financial Crisis 65 Research into the Role of Non-Executive Directors 70 Getting the Balance Right 72 Who Wants the Job Anyway? 73 Executive Remuneration 73 n Illustration 4.2: Executive Remuneration in Banks in the Wake of the Financial Crisis 74 n Illustration 4.3: Bankers Called to Account and Apologize 76 The High Pay Commission: Cheques with Balances 77 Academic Research into Executive Remuneration 77 Voting on Directors’ Remuneration 79 n Illustration 4.4: Reforming Executive Pay: Establishing a Blueprint for Change 80 Directors’ Training 80 What Else Can Contribute to Board Effectiveness? 81 Boardroom Diversity 81 Brave New Boardrooms? How Can Governance and Boards Be Reformed? 83 Addressing the Ethical Health of Boards: Focusing on Boardroom Culture 84 n Illustration 4.5: Broadening Stakeholder Representation on Boards: A New Framework 85 Chapter Summary 86 Questions for Reflection and Discussion 87 5 The Role of Institutional Investors in Corporate Governance 88 Introduction 88 The Ongoing Transformation of UK Institutional Ownership 89 A Complex Web of Ownership 91 What Do We Mean by Stewardship? 94 The Kay Review (2012) Principles and Recommendations 96 Conflict and Pension Fund Trustees 96 The Growth of Institutional Investor Activism 97 n Illustration 5.1: Trust Institutional Investment and the Kay Review 99 Institutional Investor Voting 100 Reviewing the Impediments to Voting Shares 101 Voting on Remuneration Policy 102 n Illustration 5.2: Fat Cat Slim 102 Research into Voting by Institutional Investors 104 Institutional Investors: Engagement and Dialogue 106 n Illustration 5.3: Failure of Engagement in the Financial Crisis 108 Research into Engagement with Institutional Investors 110 Institutional Investor Engagement and Power 112 Factors Affecting Shareholder Activism 112 Shareholder Activism and Financial Performance 113 Emerging Trends in Research on Shareholder Activism 114 Chapter Summary 115 Questions for Reflection and Discussion 115 6 The Role of Transparency, Audit, Internal Control and Risk Management in Corporate Governance 116 Introduction 116 Transparency and Disclosure 117 Research into Disclosure and Corporate Governance 118 Improving Transparency: Cutting Clutter? 119 Corporate Disclosure and Executive Remuneration 119 Corporate Disclosure and Non-Executive Directors 120 Developments in Governance Reporting 120 The Role of Internal Control, Internal Audit, External Audit and Audit Committees in Effective Corporate Governance 123 Corporate Governance and Risk in the Wake of the Financial Crisis 124 Turnbull, Internal Control: A UK Perspective 125 Risk and Risk Prioritization 125 An Existing Implicit Framework for Internal Control 126 The Turnbull Framework for Internal Control 126 The Revised Guidance on Internal Control 128 Risk Disclosure and Corporate Governance 129 An ‘Ideal’ Framework for Corporate Risk Disclosure 129 The Revised Guidelines and Corporate Risk Disclosure 132 Recent Research into Risk Disclosure 132 The Operating and Financial Review Fiasco 133 Sarbanes–Oxley and Internal Control: A US Perspective 134 Dodd–Frank Act 136 Sarbanes–Oxley 17 Years Later 136 The Role of Audit in Corporate Governance 136 The External Audit 136 The Audit Committee 139 Research into the Effectiveness of Audit Committees 140 The Internal Audit 141 Research into the Effectiveness of the Internal Audit Function 141 Chapter Summary 142 Questions for Reflection and Discussion 142 Part 2 Global Corporate Governance 143 7 An Introduction to Corporate Governance Systems Worldwide: Global Corporate Governance 145 Introduction 145 Categorizing Corporate Governance 145 Insider-Dominated Systems 146 Outsider-Dominated Systems 147 Factors Influencing Corporate Governance in an International Context 148 Global Convergence in Corporate Governance 151 The OECD Principles 152 The Revised OECD Principles 2004 153 OECD Principles 2015 154 The European Union 154 The Commonwealth Guidelines 157 Corporate Governance in the Middle East and North Africa 157 Andean Corporate Governance Code 2004 157 Ethical Issues in International Corporate Governance: Controlling Bribery and Corruption 157 The Outcome of Corporate Governance Convergence 158 Country Studies 160 Chapter Summary 161 Questions for Reflection and Discussion 161 8 A Reference Dictionary of Corporate Governance Systems: Global Corporate Governance 162 Albania 162 Argentina 162 Australia 163 Bahrain 163 Bangladesh 163 Belgium 164 Botswana 164 Brazil 164 Canada 164 Chile 165 China 166 Colombia 166 Cyprus 167 Czech Republic 167 Denmark 168 Egypt 169 Estonia 169 Finland 169 France 169 Germany 170 Ghana 171 Greece 171 Hong Kong 172 Hungary 172 Iceland 172 India 173 Indonesia 173 Iraq 174 Ireland 174 Italy 174 Case Study on Italian Governance: The ‘European Enron’: Parmalat 175 Corporate Governance Failure in Parmalat 175 Jamaica 176 Japan 176 Jordan 178 Kenya 178 Latvia 178 Lebanon 178 Libya 178 Lithuania 178 Luxembourg 178 Macedonia 178 Malaysia 179 The Netherlands 179 New Zealand 180 Nigeria 180 Norway 180 Oman 181 Pakistan 181 Peru 181 The Philippines 181 Poland 181 Portugal 182 Qatar 182 Romania 182 Russia 182 Saudi Arabia 183 Singapore 184 Slovakia 184 Slovenia 184 South Africa 184 South Korea 185 n Illustration 8.1: The Influence of Culture on Corporate Governance 186 Spain 186 Sri Lanka 187 Sweden 187 xx Contents Switzerland 187 Taiwan 187 Thailand 188 Trinidad & Tobago 188 Tunisia 188 Turkey 188 Uganda 189 Ukraine 189 United States 189 Venezuela 190 Vietnam 190 Chapter Summary 191 Questions for Reflection and Discussion 191 Part 3 Holistic Governance 193 9 Corporate Governance and Stakeholder Accountability 195 Introduction 195 n Illustration 9.1: The Risks Associated with Climate Change and Global Warming 196 n Illustration 9.2: Assessing the Impact of the UK Company Law Review 198 Early Roots of Corporate Social Responsibility in the UK 199 Friedman and Corporate Social Responsibility 200 Does Corporate Social Responsibility Improve Financial Performance? 201 n Illustration 9.3: Enron and Ethics 201 n Illustration 9.4: The Mexican Gulf Oil Spill 2010 203 n Illustration 9.5: Sports Direct 204 n Illustration 9.6 204 Corporate Environmental Reporting 205 Incentives for Corporate Environmental Reporting 206 Disincentives for Corporate Environmental Reporting 208 A Risk Society Theory of Social and Environmental Reporting 209 Users of Corporate Environmental Reporting 210 Qualitative Characteristics of Corporate Environmental Reporting 210 Elements of Corporate Environmental Reporting 211 Bearing the Cost of Corporate Environmental Reporting 211 Time Period and Communication of Corporate Environmental Reporting 211 The Suggested Content of Corporate Environmental Reports 212 Sustainability and a Stakeholder Perspective 212 Sustainability Reporting 212 Accounting for Biodiversity, Accounting for Bees, and Extinction Accounting 214 Bee-Ing Bee-Friendly at Every Level: What Can Local Councils and Gardeners Do? 215 Integrated Reporting: The Dawning of a New Reality? 216 Assurance of Social, Environmental, Sustainability and Integrated Reporting 218 Stakeholder Engagement 221 Scepticism about Stakeholder Engagement 222 A Theoretical Framework for Stakeholder Engagement 222 Stakeholder Engagement in Challenging International Environments 223 n Illustration 9.7: W(h)ither Accountability? Striking Miners in South Africa 224 Governance in Public and Third-Sector Organizations 225 Governance in the Public Sector 227 The Nolan Committee Principles, 1995 228 The Good Governance Standard for Public Services, 2004 228 Corporate Governance in Central Government Departments 229 Code of Good Practice, July 2005 229 Governance in the Third Sector 230 Chapter Summary 232 Workshop Activity 232 10 Responsible Investment 233 Introduction 233 Terminology and Definitions 235 From SEE to ESG 237 From ESG to EAI and Extra Financials 237 United Nations Principles of Responsible Investment (UNPRI, Now PRI) 238 The UK Social Investment Forum, UKSIF 239 The European Social Investment Forum, EUROSIF 239 Some Statistics on Responsible Investment 239 Responsible Investment Strategies 241 Screening 241 Best in Sector 241 The Financial Performance of Responsible Investment 241 The Drivers of Responsible Investment 244 A Growing Demand for Social Ethical and Environmental Disclosure 247 Private Social and Environmental Reporting 250 n Illustration 10.1: Shareholder Activism on Animal Rights: The Case of Huntingdon Life Sciences 251 n Illustration 10.2: Backlash Against Animal Rights Extremists 252 n Illustration 10.3: The Role of Lobby Groups in Corporate Environmental Issues: The Case of BP Amoco in Alaska 253 Private Social and Environmental Reporting: Mythicizing or Demythologizing Reality? 254 Impression Management in Private Social and Environmental Reporting 255 Private Climate Change Reporting 255 Responsible Investment, Pollinators and Species Extinction 255 Responsible Investment and an Integrated Approach to Institutional Investment 255 Pension Fund Trustees and Responsible Investment 255 UKSIF Report on Pensions and Responsible Investment 261 The Role of Pension Fund Trustees in Climate Change 261 Socially Responsible Investment in an International Context 262 Socially Responsible Investment in the USA 262 Socially Responsible Investment in Canada 263 Socially Responsible Investment in Australia 263 Socially Responsible Investment in Continental Europe 264 Socially Responsible Investment in Japan 264 Socially Responsible Investment in South Africa 265 Chapter Summary 265 Questions for Reflection and Discussion 266 11 Future Directions for Corporate Governance and Accountability 267 The Future of Institutional Investor Activism 268 A Global Convergence in Corporate Governance 269 A Continuing Broadening of the Corporate Governance Agenda: Holistic Governance and Stakeholder Accountability 270 Has Corporate Governance Reform Gone Too Far? Or has it Gone Far Enough? 271 Endnotes N-1 References R-1 Index I-1

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Book SynopsisTable of ContentsPreface xi Acknowledgments xiii Introduction 1 Chapter 1: What Is OKRs Coaching? Why Is It So Important Now? 13 Current State of OKRs and Why Now is the Time to Develop OKRs Coaching Skills 14 Notes 25 Chapter 2: The OKRs Coaching Engagement: Phases, Duration, and Roles 29 Phases in an OKRs Coaching Engagement 31 Duration of an OKRs Coaching Engagement 33 Roles in an OKRs Coaching Engagement 35 Notes 43 Chapter 3: Playbook for Phase 1 – Deployment Coaching 45 Begin with “Why?” 47 Ten Universal Deployment Parameters 49 Notes 84 Chapter 4: Playbook for Phase 2 – Training 89 Begin with Introductions and Context 90 Theory and Application: The Two Parts of an OKRs Training Workshop 91 Notes 104 Chapter 5: Playbook for Phase 3 – Cycle Coaching 109 Step 1: Set and Align OKRs 111 Step 2: Check in and Monitor 123 Step 3: Reflect and Reset 127 OKRs Cycle Coaching Case Study 131 Notes 140 Epilogue 143 Appendix 157 Glossary 163 About the Contributors 169 Index 171

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Book SynopsisBLOCKCHAIN TECHNOLOGY IN CORPORATE GOVERANCE This book investigates the recent applications of blockchain technology in financial services, energy sector, and summarizes regulatory responses, to set the scene for future work on corporate governance. This edited book highlights the current governance framework for the blockchain and its development as a self-governing framework. It discusses blockchain technology's effectiveness in developing solutions for supply chains, trade finance, and banking. Moreover, it shows how banking and financial institutions are the major beneficiaries of this decentralized technology. Furthermore, the book outlines the link between company governance theories, regulatory, ethical, and social controls, and blockchain adoption. It also investigates the recent applications of blockchain technology in financial services, the health sector, and the energy sector. Audience The book is specially designed for researchers, industriTable of ContentsForeword xvii Preface xix Acknowledgment xxi 1 Role of Blockchain Technology in the Modern Era 1Kuldeep Singh Kaswan, Jagjit Singh Dhatterwal, Kiran Sood and Balamurugan Balusamy Part 1: Blockchain: Opportunities for Healthcare 4.0 29 2 BTCG4: Blockchain Technology in Electronic Healthcare Systems 31Amrinder Singh and Geetika Madaan 3 Blockchain Technology and Healthcare: Towards Combating COVID-19 57Reena Malik and Sonal Trivedi 4 Blockchain-Based Energy-Efficient Heterogeneous Sensor Networks in Healthcare System 75R. Janarthanan and J. Venkatesh 5 Development of a Safe Health Framework Using a Temporary Blockchain Technique 99J. Venkatesh and R. Janarthanan 6 Data Consistency, Transparency, and Privacy in Healthcare Systems Using Blockchain Technology 125Kalaiselvi Rajendiran, Akshaya Sridhar and Ananda Vayaravel Cassinadane Part 2: Blockchain in the Energy@Sector 143 7 Application of Blockchain Technology in Sustainable Energy@Systems 145Navdeep Kaur, Suman Bhullar and Navneet Seth 8 Revamping Energy Sector with a Trusted Network: Blockchain@Technology 163Alain Aoun, Mazen Ghandour, Adrian Ilinca and Hussein Ibrahim Part 3: The Impact of Blockchain on the Financial Industry 197 9 Process Innovation and Unification of KYC Document Management System with Blockchain in Banking 199Priya Jindal, Jasmine Kaur and Kiran Sood 10 Applying Blockchain Technology to Address NPA Issues During the COVID-19 Pandemic 217Jasmine Kaur, Priya Jindal and Kiran Sood 11 Blockchain and Smart Contracts for Insurance Industry 239Rupa Khanna Malhotra, Chandan Gupta and Priya Jindal 12 How Blockchain Can Transform the Financial Services Industry 253Aashima and Birajit Mohanty 13 The Impact of Blockchain Technology and COVID-19 on the Global Banking Industry 283Jyoti Verma and Gagandeep 14 Blockchain-Based Framework -- A Scientific Tool for Developing a Robust Banking System 303Minakshi Thaman Part 4: Blockchain Applications and Sustainability Issues 325 15 Advanced Cryptographic Technologies in Blockchain 327Osheen Oberoi and Sahil Raj 16 Network Security Issues in Blockchain Architectures 353Keshav Kaushik 17 A Comprehensive Report on Blockchain Technology, Its Applications, and Open Research Challenges 369Shilpi Garg, Rajesh Kumar Kaushal and Naveen Kumar 18 New Blockchain Taxonomies and Trust Models Impacting Business@Performance 387Hani El Chaarani, Zouhour EL Abiad and Hebatallah Abd El Salam Badawy References 408 Index 413

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Book SynopsisDespite much attention given to the topic over the last 50 years, business and environmental sustainability are not natural bedfellows. Strategy and Sustainability encourages readers to move beyond the hype and takes a pro-business, fact based point of view, recognizing the complexity of the issues and the strategic choices businesses can make.Trade Review“Strategy and Sustainability reads very well and the blend of facts, views, and historical and technical data is a source of continuous inspiration. The recognition that perceptions and realities are highly influenced by regional and developmental factors makes the book very insightful.”- José Lopez, Member of the Executive Committee, World Business Council for Sustainable Development; Former Executive Vice President for Worldwide Operations, Nestlé “Strategy and Sustainability provides an excellent overview of the sustainability discussion, its development, and its relevance for businesses. Michael Rosenberg’s book provides a holistic and good read about the different challenges to bridge the gap between the traditional business perspective and stakeholder expectations.”- Uwe Bergmann, Director Sustainability Management, Henkel "If it's not safe, it's not sustainable. If it's not sustainable, it has no future. For those that understand the laws of successful industry, putting these practices into action is the foundation for a successful business."- Mark Cutifani, Chief Executive, Anglo American plc quoted on LSE and NYSE "Sustainability is a central dimension of good corporate governance. Mike Rosenberg's book provides an excellent framework and real cases on how senior executives and board members should include sustainability in strategic discussions.”- Jordi Canals, Dean, IESE Business School “Mike Rosenberg’s new primer on the corporate sustainability landscape nicely fills the knowledge gap for Board-level business people. And almost anyone can use the thoughtful frameworks to better diagnose today’s challenges and plan a more concrete and less risky path forward.”- “Hutch” Hutchinson, Senior Fellow, Rocky Mountain Institute; former Director, The Boston Consulting Group “Mike Rosenberg makes a persuasive argument that business success is incomplete without a dedication to environmental sustainability. Rosenberg suggests all leaders have a responsibility to be accountable on this important scale and offers concrete ways to make change for the better.” - Steve Capus, Executive Producer of the “CBS Evening News with Scott Pelley”; Executive Editor, CBS NewsTable of Contents1.- The logic of business: Governance and the environment.- 2. Modes of response.- 3. Strategic issues.- 4. Strategic options.- 5. Environmental interest groups.- Industry examples.- Regional differences.- What to do

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Book SynopsisIn recent decades, corporations have increasingly accepted that they have obligations to respect the socio-economic rights of individuals whose rights to livelihoods, education, food, health, housing and water are affected by the actions of corporations on a daily basis. Despite this, it is often difficult for victims to bring corporations to court for violations of their socio-economic rights. Domestic constitutional systems provide, at best, fragile and limited protections against adverse corporate activities, while international responses have been lacking in creating obligations and accountability for corporations under socio-economic rights. The urgency of bolstering corporate accountability for socio-economic rights is therefore apparent.In light of this, this book asks whether corporations are required to observe socio-economic rights and if they are accountable for any violations. In doing so, it identifies and analyzes the theoretical foundations and the existing scoTable of ContentsForeword - Paolo Davide FarahAcknowledgements PART IFundamental concepts and historical context1 Corporate accountability for socio-economic rights: introductory remarks2 The historical development of corporate accountability for socio-economic rights 3 Globalization, investment and the socio-economic environment 4 Business, socio-economic rights and good practices PART IICorporate accountability for socio-economic rights 5 Corporate human rights obligations under socioeconomic rights6 Corporate human rights obligations under specific socio-economic rights 7 Access to justice for victims of socio-economic rights violationsPART IIICorporate accountability for socio-economic rights and case studies8 Corporate accountability concerning socio-economic rights in Cambodia9 Corporate accountability concerning socio-economic rights in China10 Corporate accountability concerning socio-economic rights in ColombiaPART IVProposals for reform 11 Conclusions and recommendations Index

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Book SynopsisCorporate Social Responsibility (CSR) has become an important concept in the last few decades. Although it originated in the developed countries of the West, the concept has been embraced and adapted by corporations and policy-making agencies in many developing countries. Not surprisingly, given the importance of growth and development as policy objectives in these countries, CSR has had a significant impact on sustainable development.Sustainable Development and Corporate Social Responsibility explores the evolution of CSR across the developed and developing world, with a particular focus on China and sustainable development. Through an extensive review of the literature and relevant case studies, the book examines whether CSR can make a contribution to sustainable development, how the patterns of CSR in developed Western economies compare to that in the rapidly growing economy of China, what trade-offs take place between CSR and economic growth as well as the future oTrade Review‘If you ever wondered how the world of corporate social responsibility and sustainability was changing given the growing influence of China and other emerging economies, then this is the book for you. It examines how countries such as China are increasingly changing the shape of corporate responses to sustainability. In an interesting look into the future, the book explores the issues that will shape social responsibility over the coming decades.’ -- Richard Welford, Chairman of CSR Asia‘This book takes us back to the origin of corporate social responsibility and its role in sustainable development from a global perspective and with a special focus on China. It explores how businesses contribute to sustainable development and what the future trends are like. With China becoming increasingly influential in global economy and sustainable development agenda, this book is certainly a must-read for anyone who thinks deeply about the future of global sustainability.’ -- Hongwu Zhong, Director of CSR Research Center, Chinese Academy of Social ScienceTable of ContentsChapter 1. Introduction: Corporate Social Responsibility in contextChapter 2. Overview of Corporate Social ResponsibilityChapter 3. Corporate Social Responsibility and sustainable developmentChapter 4. Drivers for Corporate Social ResponsibilityChapter 5. Exploring Corporate Social ResponsibilityChapter 6. Corporate Social Responsibility and Sustainable Development in ChinaChapter 7. Concluding marks

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Book Synopsis Tony Blunden is an Executive Director of Chase Cooper Limited, a risk management solutions company that provides solutions for enterprise risk including broad risk management approaches such as Sarbanes-Oxley.  He heads its consultancy division and has worked with over 250 international organisations.  During his over 30 years in risk management he has spoken at over 100 international conferences and contributed to a wide variety of publications, all on risk management. He is an Honorary Professor at Glasgow Caledonian University and a Fellow of the Institute of Chartered Secretaries and Administrators, the Governance Institute. John Thirlwell has worked in financial services in the City of London, both an executive and non-executive director on banking and insurance boards for over 30 years.  He is currently non-executive Chair of the Board of a consumer credit company and a board adviser Table of ContentsPart 1: SETTING THE SCENE: what is Risk management? 1. What do we mean by Risk Management? 2. The business Benefits of Risk Management 3. Risk Management and Culture 4. Risk Appetite 5. Implementing a Risk management framework 6. Independent Assurance Part 2 RISK MANAGEMENT TOOLS: what tools do we have to identify, manage and monitor Risk management? 7. Risk management and Risk and Control Assessments 8. Risk management and KRI/KCI 9. Risk management and Events 10. Risk management, Stress testing and Scenarios 11. Risk management and Reporting Part 3: THE PRACTICAL BUSINESS SIDE OF Risk management: what keeps management awake at night? 12. People risk management 13. Reputation risk management 14. Information Security risk management [all data] 15. Cyber risk management [electronic data] 16. Business Survival risk 17. Third party and outsourcing risk management 18. How do you model Risk management? - Questions to ask 19. How do you challenge the model? - Questions to ask

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Book SynopsisThe Role of Business in the Responsibility to Protect closes the gap between research on the Responsibility to Protect and the private sector, as previous research has focused only on state responsibilities and state actors. This book examines in detail the developing research on the significant role that private sector actors can play in promoting peace and stability. Contributors to this volume explore the key arguments for where, why, and how private sector actors can contribute to the prevention and cessation of mass atrocity crimes; and how this can inform and extend the UN policy discussion around Responsibility to Protect. The contributors include lead voices in the Responsibility to Protect discourse as well as central voices in business and peace literature.Trade Review'In the past, predatory business practices have sometimes enabled crimes against humanity. This book identifies how some businesses have profited from human misery while also providing welcome examples of how the private sector can play a crucial role in undermining the politics of the machete and the mass grave. In doing so, this book broadens our understanding of the international community, of our collective responsibility to protect, and of how the private sector - whose wealth, resources and capacity can easily exceed those of failing or fragile states - can play a vital role in the prevention of mass atrocities.' Simon Adams, Global Centre for the Responsibility to Protect, The Graduate Center, City University of New York'That business can be an instrument in building peace has now been firmly recognized. Including the business sector in the Responsibility to Protect (R2P) debate seems only natural, having in mind the capacity of the business community to influence societal attitudes and structures. In this new book professor John Forrer and Conor Seyle make an important effort in putting this agenda forward.' Per L. Saxegaard, Founder and Chairman, Business for Peace Foundation'The private sector is an increasingly influential actor in global governance - the network of arrangements that ensure order, stability and predictability even in the absence of world government. Business can sustain and profiteer from group violence. But it also has important roles to play before, in and after armed conflicts in underwriting peace, stability and prosperity as the pathway to sustainable profits. One important role is to partner with other key actors in implementing the responsibility to protect populations at risk of mass atrocities. This invaluable collection of essays by leading experts systematically explains why, how and with what prospects.' Ramesh Thakur, Australian National University, Canberra, International Commission on Intervention and State Sovereignty (ICISS) Commissioner and Editor-in-Chief, Global Governance'This volume fills an important lacuna in the literature on how business relates to the responsibility to protect. The contributing authors offer practical and theoretical insights and examples that will be of interest to many on the ways the private sector can support (or undermine) the goals of the responsibility to protect.' Abi Williams, President, The Hague Institute for Global Justice'This book, with its focus on how business actors may contribute to the global Responsibility to Protect Agenda (R2P), pioneers a whole new agenda for research and policy formulation. In the process, the authors challenge our standard conceptions of both business and R2P.' Kristian Berg Harpviken, Director, Peace Research Institute Oslo (PRIO)Table of ContentsOverview: the role of business in R2P John Forrer and Conor Seyle; Introduction: the private sector, the United Nations, and the Responsibility to Protect Edward Luck; 1. Selling R2P: time for action Victor MacDiarmid and Tina Park; 2. Why not business? Tim Fort and Michelle Westermann-Behaylo; 3. Responsibility to protect trumps business as usual: how corporate leaders build heroism to face atrocities Alain Lemperuer and Rebecca Herrington; 4. The Responsibility to Protect, Inc. Jonas Claes; 5. The Kenyan private sector's role in mass atrocity prevention, cessation and recovery Patrick Obath and Victor Owuor; 6. R2P and the extractive industries Jill Shankleman; 7. Information technology, private actors, and the Responsibility to Protect Kirsten Martin; 8. Corporate responsibility to protect populations from mass atrocities Vesselin Popovski; 9. The private sector and atrocities prevention Alex Bellamy; 10. The way forward: discovering the shared interests between business and R2P John Forrer and Conor Seyle.

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Book SynopsisSince the mid-1980s two crises have overtaken governance of the American corporation - the loss of competitiveness in the 1980s and the loss of investor trust in financial management in the late 1990s.Trade Review'I warmly congratulate Millstein and MacAvoy on the important contribution which their book makes to the re-design of corporate governance structures and processes worldwide. Their analysis of the deficiencies in our present approach to governance leads logically and inexorably to an admirable set of recommendations which are internationally relevant. Their book is timely, authoritative and practical. It deserves to be widely read and its advice widely followed.' - Sir Adrian Cadbury, Chairman, UK Committee on Corporate Governance and Former Chairman, Cadbury Schweppes 'MacAvoy and Millstein have produced a unique combination of economic history and legal theory to explain the breakdown of corporate governance. When two such experts in governance, who between them cover the map in practice and scholarship, call for such major changes as they do in corporate governance we are clearly at a point where board members will no longer be employees of the CEO. There is much value in this treatise and much value to be created in resolving the flawed governance systems they discuss.' - Michael C. Jensen, Jesse Isidor Straus Professor Emeritus, Harvard Business School and Managing Director of the Organizational Strategy Practice, The Monitor Group 'Millstein and MacAvoy offer a fresh, thought-provoking look at the basic questions in the corporate governance debate and break important if controversial new ground. With a penetrating analysis of the recent failures so glaringly revealed in the spate of corporate scandals and broad new insights into what went wrong, the book charts a new course to avoid such failings in the future. Combining first-rate scholarship with originality, the book sets a new standard for all who are interested in corporate governance.' - John Snow, Former Chairman and CEO, CSX Corporation and Former Co-Chair, the Conference Board Commission on Public Trust and Private Enterprise 'The book is an expert assessment of what went wrong on corporate boards and how to fix them.' - Diana B. Henriques, The New York Times 'The book is short, wise and to the point. It falls squarely into the 'must read' category.' - John Plender, Financial Times 'The Recurrent Crisis in Corporate Governance pushes the edge of mainstream thought in this growing discipline. Authors Paul W. MacAvoy and Ira M. Millstein, giants in the field, have well deserved reputations as practitioners and scholars. This thin volume will quickly guide the course for progressive board members concerned with building solid companies, rather than future Enrons.' - James McRitchie, CorpGov.Net 'Interested in minimizing Directors' liability? This book is must reading.' - Al Driver, Editor, The Metropolitan Corporate Counsel '[MacAvoy and Millstein] ably make the case for a simple and straightforward remedy to American business's worst crisis in memory.' - Roger Lowenstein, The Wall Street Journal <'In their new work Ira Millstein and Paul MacAvoy blend their different backgrounds, plus years of experience serving on and advising corporate boards, to create an important and compelling contribution to the field....The Recurrent Crisis in Corporate Governance should be required reading for everyone involved in corporate affairs, investing, and public policy.' - Howard Sherman, Directors & BoardsTable of ContentsList of Figures and Tables Preface Introduction and Summary; I.M.Millstein & P.W.MacAvoy The Current Crisis; I.M.Millstein & P.W.MacAvoy The Emergence and Development of the Governance Problem; I.M.Millstein & P.W.MacAvoy Conglomeration As An Example of Managerial Self Interest Sources of Accelerated Change The Emergence of the Full Role of the Board of Directors Has the Emergence of "New " Governance, In Terms of Board Diligence And Focus Become Observable? The Ambivalent Results of Extant Research on the Impace of Strong Governance on Corporate Performance; I.M.Millstein & P.W.MacAvoy A New Approach for Determining the Effect of Strong Governance on Corporate Performance Metrics for Board Independence and Professionalism Metrics For Performance Methodology Estimation and Analysis of the Governance/Corporate Performance Relationship The Calculation of Economic Value Added Superior Performance After a Change in Governance Conclusion 'Where Was the Board?' Share Price Collapse and the Governance Crisis of 2000-2; P.W.MacAvoy The Status Quo in Corporate Governance in the 1990s Incremental Change The Collapse of Enron and the Others The Nine Largest Companies Investigated for Fraudulent Financial Reporting Where Was the Board of Directors? A Second Look at Management Out of Control Proposals for Reform of Corporate Governance; I.M.Millstein & P.W.MacAvoy New Expectations for Improved Performance in Boards of Directors Appendix A: Technical Implementation Issues in the Analysis of EVA for CalPERS related companies Appendix B: Database of EVA Estimates References

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Book SynopsisCorporate Governance is a text which considers the problems surrounding governance and proposes solutions to help restore investor confidence in the corporate world.Table of ContentsIntroduction PART I: THE FUNCTION OF CORPORATE GOVERNANCE Governance Defined The Unique Structure of Corporations Accountability and the Need for Corporate Governance Elements of Governance Corporate Accountability The Role of Board Directors and Executive Management The Role of Financial Control, Risk Management and Internal Audit The Role of Legal Counsel External Accountability The Role of Regulators The Role of Rating Agencies The Role of External Auditors Protecting Internal and External Stakeholders Employees and Retirees Shareholders Creditors PART II: CORPORATE GOVERNANCE PROBLEMS: COMMON FAILURES IN THE GOVERNANCE PROCESS Failure of Board Directors and Executive Management Failure of Internal Controls Failure of Corporate Policies Failure of External Controls The Impact of Governance Problems on Corporate Operations Reputational Damage Early Financial Problems Growing Financial Distress Studies in Flawed Governance Governance Problems in Practice PART III: CORPORATE GOVERNANCE REFORMS Strengthening the Governance Process Internal Reforms External Reforms Improving Corporate Ethics Defining and Enforcing Ethical Corporate Behaviour Aligning Internal and External Stakeholder Interests in Practice Summary and Conclusions The Future of Corporate Governance References and Index

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Book SynopsisSenior Executive Assessment is a concise and practical guide that demystifies assessment that is conducted at the senior-executive level. Defines Senior Executive Assessment, describes its benefits, and explains how it differs from assessment at lower levels Discusses how significant shifts in markets and business models can require a change in the characteristics needed in senior executives Provides a practical model with suggestions for assessing senior executives Offers guidelines for determining what assessment methods to use in an organization Examines practical considerations in how to choose professionals to conduct senior executive assessment Table of ContentsSeries Editor's Preface. Preface. Acknowledgments. 1. The Case for Senior Executive Assessment. Why CEOs and Boards Tend Not to Know a Lot about Senior Executive Assessment. Why CEOs and Boards Are Wary of Senior Executive Assessment. What Is Senior Executive Assessment? The Benefits of Senior Executive Assessment. New Expectations about Corporate Governance. Summary. 2. Purposes. A Part of Talent Management. Near-Term Purposes. Longer-Term Purposes. Business Situations Related to Assessment. The Development of Senior Executives. Summary. 3. What to Assess. Competencies. Failure Factors. Experience/Previous Results versus Behavioral Style. Pulling It All Together. Dual Capability. Learning Agility. Executive Intelligence. Emotional Intelligence. Relationships as Opposed to Interpersonal Skills. A Cautionary Note: The Role of Charisma. Toxic Leaders. Types of Experience/Previous Results. Fit. Summary: Determining What to Assess. Summary. 4. How to Assess. The Feel of Senior Executive Assessment. Methods. Summary. 5. Additional Practical Decisions. Development Revisited. Coaching. Other Practical Issues. The Future of Senior Executive Assessment. Summary. Notes. References. Name Index. Subject Index.

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Book SynopsisCorporate Boards: Managers of Risk, Sources of Risk deals with the highly timely topic of the Corporate Board and its relationship to risk, both in terms of its management and its creation. Utilizes a multi-disciplinary perspective which draws on the fields of economics, law, business ethics, and corporate social responsibility Features a range of topics including the role of corporate boards in overseeing increasingly complex risk management techniques and the ethical dimensions of corporate board behavior in managing risk Of interest to students, scholars, and firm stakeholders Explores how recent events have also shown that the members of Corporate Boards can be sources of risk Table of ContentsNotes on Contributors. Preface. Introduction (Robert W. Kolb) (Loyola University Chicago) and (Donald Schwartz) (Loyola University Chicago) Part I: A Factual Basis. 1. The Relationship Between Boards of Directors and their Risk Management Organizations: Are Standards of Best Practice Emerging? (Michael A.M. Keehner) (Columbia Business School) and (David R. Koenig) (Ductilibility, LLC) Part II: Is Risk Management by Corporate Boards Even Possible? 2. Risk Management, Chaos Theory, and the Corporate Board of Directors (Michael Potts) (Methodist University) 3. Anti-Social Norms, Risky Behavior (Reza Dibadj) (University of San Francisco) 4. Time-Inconsistent Boards and the Risk of Repeated Misconduct (Manuel A. Utset) (Florida State University College of Law) 5. Discussion (Sridhar Ramamoorti). Part III: Board Structure and the Management of Risk. 6. Theories of Governance and Corporate Moral Vulnerability (Greg Young) (North Carolina State University) and (Steve H. Barr) (North Carolina State University) 7. Mitigating the Exposure of Corporate Boards to Risk and Unethical Conflicts (Shann Turnbull) (International Institute for Self-Governance) 8. Supervisory Board and Financial Risk-Taking Behaviors in Chinese Listed Companies (Zhenyu Wu) (University of Saskatchewan), (Yuanshun Li) (Ryerson University), (Shujun Ding) (York University), and (Chunxin Jia) (Peking University) 9. Discussion (David R. Koenig) (Ductilibility, LLC) Part IV: Corporate Boards and the Management of Specific Risks. 10. Entity-Level Controls and the Monitoring Role of Corporate Boards (Donna J. Fletcher) (Bentley University), (Mohammad J. Adbolmohammadi). (Bentley University), and Jay C. Thibodeau (Bentley University) 11. Do Corporate Boards Care About Sustainability? Should They Care?(Steven Swidler) (Auburn University) and (Claire E. Crutchley) (Auburn University) 12. Executive Risk Taking and Equity Compensation in the M&A Process (William J. Lekse) (University of Michigan Dearborn) and (Mengxin Zhao) (University of Alberta) 13. Discussion (Tom Nohel) (Loyola University Chicago) Part V: Corporate Boards, Risk Management, and the Ethical Firm. 14. The Ethics of Risk Management by a Board of Directors (Duane Windsor) (Rice University) 15. Assurance and Reassurance: The Role of the Board (Barry M. Mitnick) (University of Pittsburgh) 16. Risk Disclosure and Transparency: Toward Corporate Collective and Collaborative Informed Consent (Denise Kleinrichert) (San Francisco State University) and Anita Silvers (San Francisco State University) 17. Discussion (John R. Boatright) (Loyola University Chicago) Index.

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Book Synopsis

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Book SynopsisProvides a comprehensive overview of topics focusing on assessment, analysis, and management of financial risks in banking. The publication emphasizes risk management principles and stresses that key players in the corporate governance process are accountable for managing the different dimensions of financial and other risks.

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Book SynopsisThe Ethical Leader showcases the necessity and practicality of using an ethics-based business model for competitive advantage and long-term organizational success.Ethical behaviour by businesses, or their staff, is often seen as the corporate and social responsibility icing on an organizational cake something that is nice to do but never really essential. But by turning this view around and making ethical behaviour a primary focus Witzel shows how businesses can create and maintain long-term competitive advantage.Trust and respect among key stakeholder groups, particularly employees and customers, cannot be overstated in their importance to an organization's success: trust engenders loyalty and good reputation, which in turn builds brand value. However, while ethical behaviour is key to trust-building, in order for an organization to see lasting, positive outcomes it needs to go deeper than something managers do out of a sense of moral duty.The Ethical Leader shTrade ReviewWitzel […] breaks this hefty subject down into manageable chunks and examines not only what ethics is but how a leader can turn ethical principles into value. -- FT, Business books of monthScarcely a day passes without the news of some scandal in business, sport or charities breaking – demonstrating the real need to improve ethical leadership in today’s world. In this important book, Morgen Witzel brings his prodigious experience to bear on this complicated topic. He reviews what has been written and, with an enormous range of practical case study examples, shows how ethical leadership should lead to value creation. It is a must-read for leaders of any organization anywhere. -- Gerry Brown * Chairman G Brown Associates Ltd; Chairman, NovaQuest Capital Management; author of The Independent Director *Witzel invites the reader into a friendly conversation about leadership ethics in business that is both grounded in ethical theory and illustrated by real cases. His book helps students and practitioners tackle some of the ethical challenges of leadership. -- Joanne B. Ciulla * Professor of Leadership Ethics, Department of Management and Global Business, and Director, Institute for Ethical Leadership, Rutgers Business School-Newark and New Brunswick *In a sea of leadership books, Morgen Witzel has provided a stand-out insight into a reason for ethical leadership behaviour to be a major contributor to longterm business success. By placing value over profit as the performance indicator of business, he demonstrates that persistent consumer engagement with specific businesses is heavily influenced by ethical behaviours, which add value to products, services, internal management, the workforce and partner relationships. This is a highly enjoyable book to read, full of case studies that make the point that ‘ethics makes you money.’ -- Derek Mowbray * Organization Health Psychologist and Behavioural Scientist; Chairman, The Wellbeing and Performance Group; Director, The Management Advisory Service (MAS); Independent Technical Expert, European Commission; Formerly Visiting Professor of Psychology, Universities of Northumbria and Gloucestershire *This is the book I have been looking for: a clear and unambiguous explanation of ethics in practice, yet never simplistic, and always sympathetic to the predicaments of people making tough choices. The philosophical underpinning is sound and also comprehensive. Morgen Witzel honours the worldly-wise, but doesn’t let anyone off the hook too lightly. A guidebook for leaders in all walks of life. -- Jonathan Gosling * Emeritus Professor of Leadership Studies, University of Exeter Business School *Table of Contents1. Introduction 2. The Ethical Value Chain 3. Ethics 101 4. Don’t Break It, Make It – focuses on the law and how to make it work for your business 5. In You We Trust: Treating Customers Right 6. The Source of Our Prosperity: Treating Employees Fairly 7. Virtue and Wealth: Treating the Community Fairly 8. Ethical Decision-Making in Practice 9. Doing It – the final chapter sums up the key lessons and offers recommendations for an action plan that managers can put into practice at once

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Book SynopsisTrade ReviewWhat does social media bring to CEOs? The Social CEO provides ample reasons grounded in business and leadership imperatives. The book also offers a diversity of real life experiences — including mistakes that were made and learnt from — which effectively demystify social media. Get on board, CEOs! -- Celine Schillinger, CEO of We Need SocialDamian Corbet has assembled the must read book on how to be an authentic social CEO that I wish I had read before I dipped my toes into the sometimes turbulent, but always interesting waters of social media. Contributors share their tips, tricks and lessons that will help even the most experienced senior leader to get comfortable in this brave new world of leadership -- Janice Kaffer, President & CEO of Hôtel-Dieu Grace HealthcareThe Social CEO has captured the traits that are required not just for the current CEO but the future CEO too. An excellent an insightful read. -- Michelle Carson-Williams, CEO of Holmes NobleThe right blend of theory and case studies with practical pointers on why modern leaders should engage in social leadership. The book brings together a range of authors, but all share a belief in the huge opportunity of social media, while also recognising its risks. -- Dionne Lew, CEO of The Social ExecutiveThis is a must-read, with many invaluable insights on how social media can be a great way for CEOs to communicate the value and vision of their company in real time. -- Tiffani Bova, Growth and Innovation Evangelist at Salesforce, and WSJ bestselling author of 'Growth IQ'As a 'social CEO' myself, I can't imagine how other CEOs do the job these days if they're not active on social media. This book provides a brilliant overview of how leaders are using this technology, not just to communicate, not just to share information or opinions, but - critically - to deliver change and improve efficiency. -- Craig Bennett, CEO of Friends of the EarthPacked with insight, perspective and easy to apply tips, this is a great read for aspiring and established leaders looking to lead in a more social and connected way. -- Kate Collins, CEO of Teenage Cancer TrustSocial media has become an everyday part of life – which means that leaders need to take it more seriously than ever. The Social CEO is an excellent place to start rethinking what social media means to you and your organization. -- Antony Mayfield, CEO, Brilliant NoiseThe Social CEO is a great read – with practical stories rather than theory, you learn from the valuable experiences of CEOs across multiple sectors. Through their personal use of social media, they are engaging with customers, attracting the best talent, and managing the reputation of their brands by joining the conversation. -- Rob Wilmot, Founder and CEO, CrowdicityThis is a perfectly timed, extraordinarily relevant, action provoking book, that I consider a must-read for anybody hoping to understand how to lead both today and tomorrow. -- Steven Bartlett, CEO, SocialChain

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Book SynopsisWritten by a group of prominent shari'ah scholars, academics and practitioners in the field of Islamic finance, this book contains 17 in-depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices.

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Book SynopsisThe definitive guide to maximizing workforce value, The Talent Revolution exposes work-life longevity as the most influential driver transforming today’s workplace a competitive edge for organizations smart enough to capitalize on it. This is a first a book that positions older workers as revolutionaries and reveals how organizations that engage employees across all life stages will outperform their competitors. With clarity and specificity, it describes new models, debunks commonly held myths about older workers, demolishes justifications for traditional structures and attitudes, and builds the case for a reset that will help smart companies profit from their intergenerational workforce. Through case studies, metrics, strategies, and tactics, The Talent Revolution explores the impact of workforce demographics on the future of work and provides new, actionable strategies for turning an aging workforce into a competitive advantage.Table of ContentsForeward Preface Part 1: The Future of Work 1. The Future of Work and the Talent Revolution 2. Welcome to the Revolution 3. Demographic Change and an Aging Workforce: Boomers as Revolutionaries 4. Discovering the Broken Talent Escalator Part 2: Untruths and Myths 5. The Costs of Untruths and Myths 6. Money Myths 7. Peak Performance Myths 8. From Myth to Smart Strategy Part 3: Becoming a Talent Revolutionary Organization 9. Zooming In and Out 10. Critical Actions for CEOs 11. Critical Actions for HR Leaders 12. Critical Actions for Front-Line Managers 13. From the Talent Revolution to the Future of Work Acknowledgements

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Book SynopsisApplying the classic teachings of Judaism, Connected Capitalism is an empowering call to fix what is currently broken in our social, political, and economic spaces.Trade Review"For business leaders whose education and experience have focused only on profit and end results, Weitzner’s book, as well as other works that he mentions, can provide some guidance in how to change the office dynamic." -- Sheryl Pockrose * The American Israelite *Table of ContentsAcknowledgments Introduction: It’s Time for a Different Spirituality Part One: Meaning in Work 1. Mindfulmess 2. Be Spiritual or Do Spiritual Work? 3. Mitzvah in the Workplace Part Two: Connecting through Work 4. Transformational Cooperation 5. All “WE”s, Always 6. Connected Capitalism Part Three: Wonder at Work 7. Curiosity Isn’t Relevant 8. Elevating Forgiveness 9. Strategize for Hope Notes

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Book SynopsisWe live in a time of unprecedented speed, connection, and uncertainty. While many organizations are adapting to this new reality by reinventing business models, significantly fewer are examining the implications of these changes for developing effective leadership. In Intentional Leadership, Rose M. Patten draws on her expertise as one of Canada’s most influential leaders to shine a spotlight on this emergent and often neglected space.Drawing on learnings and a framework tested with over 900 senior leaders across industries and geographies, Intentional Leadership presents a guide for continuous renewal, focusing on the human side of leading. Patten debunks common myths, emphasizing that leadership capabilities do not just develop over time, but require self-awareness, feedback, intention, adjustment, and practice. Whether you are a CEO of a large corporation, an activist, raising a family, working in government, or leading a not-for-profit organization, <Table of ContentsPreface: How This Book Evolved Leaders Engaged in Deliberate Conversations for This Book Acknowledgments Introduction: Putting the Spotlight on Leadership Part One: Leadership Has Never Been Harder – The Changing Context Drives It 1. Today’s Unmistakable Game Changers: No One Is Exempt 2. Game Changer #1: Increased Stakeholder Expectations 3. Game Changer #2: The Ever-Changing Workforce and Workplace 4. Game Changer #3: Short-Lived Strategies and Digital Dominance Part Two: Long-Held Beliefs, Myths, and Habits – Challenges to Leaders’ Success 5. Dispelling Myths Takes Energy and Courage 6. Leadership Is Not Timeless – It Has a Shelf Life 7. Softer Skills Do Not Improve with Just Time 8. Mentors Are Not Just for Emerging Leaders 9. High Performers Do Not Always Equal High Potential for Leadership 10. The Leadership Pendulum Has Shifted Part Three: The Big 8 Crystallizes – Setting Leaders Apart 11. Where and How the Big 8 Fit in a Leader’s Overall Role 12. The Big 8 #1: Personal Adaptability 13. The Big 8 #2: Strategic Agility 14. The Big 8 #3: Self-Renewal 15. The Big 8 #4: Certainty of Character 16. The Big 8 #5: Empathy 17. The Big 8 #6: Contextual Communication 18. The Big 8 #7: Spirited Collaboration 19. The Big 8 #8: Developing Other Leaders – Not Only Followers Part Four: Leadership Starts with You – It Must Be Intentional 20. Self-Reflection: Feedback, Self-Awareness, and Adjustment 21. Building Teams and Leaders: Selecting and Developing 22. Being a Mentor and a Mentee: A Great Leader Is Both 23. So What Now? Appendix Notes Index

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Book SynopsisBalancing Acts presents an iterative, democratic, and inclusive approach to social change that is suited to the complexities of the twenty-first century.Table of ContentsPreface Part One: Thinking About Change 1.Terms of Art 2. Doing Things to People and Doing Things with People 3. Searching for Answers Part Two: The Doing of Change 4. The Relationship Between Interventionists and Stakeholders 5. Creating a Contract with your Client 6. Exploring the Client System 7. Making Sense of Things 8. Implementing and Evaluating the Intervention 9. The Ethics of Intervention 10. Changing the Future of Planned Change

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Book SynopsisThis collection sheds light on local government and public administration by providing insights from city managers across Canada.Table of ContentsIntroduction 1. The City Management Profession: More than a Job Janice Baker 2. Aspirational Incrementalism: Developing a Vision Bruce Macgregor and David Szwarc 3. Building Support for Strategic Planning and Priorities Chris MacPherson 4. Using Your First 100 Days Strategically Patrick Moyle and Hassaan Basit 5. The Challenge of Leading Up: Strategic Alignment with Council Jeff Fielding and Kate Graham 6. Council/Staff Relations: Forward Motion or Spinning Wheels? Tammy Crowder 7. The Most Important Relationship in Local Government: Mayor and City Manager Bill Given 8. City Manager and Mayor: Independent or Partners? Carl Zehr 9. What Does Diversity-Inclusion Look Like in Action? Shirley Hoy 10. Diversity from Bottom to Top: The City Manager and Workforce Diversity Sheila Bassi-Kellett 11. Indigenous and Municipal Relationships: The Art of Collaboration Ann Mitchell 12. The Gift of Clarity and the Freedom to Innovate Robert Earl 13. Rowers, Coasters, and Drillers: How Team-Building Can Improve Your Crew John Leeburn 14. Five Strategies for Successful Municipal Intergovernmental Relations John E. Fleming 15. Leading Beyond: Building Relationships for Intergovernmental Collaboration Gail Stephens and Zack Taylor 16. Resilience in a Crisis: Towards an “Antifragile” Organization – The Case of Gatineau Marie-Hélène Lajoie and Pierre Prévost 17. Managing during a Crisis: Lessons from Fort McMurray Jamie Doyle and Don Lidstone 18. Building Partnerships: Hard Work, Patience, Commitment, Adaptation, and Opportunities Jag Sharma 19. Nurturing the Community’s Soul Source Linda Rapp 20. Community Development: Navigating the Rocky Shoals of Community Change Robert Buchan 21. From Dreams of Being a Rock-and-Roll Drummer to City Manager David Calder 22. A City Manager’s Career Journey John Burke 23. Mentoring: Building the Next Generation of Municipal Professionals Tony Haddad, Gerard Lewis, and Jim Pine 24. The Canadian City Manager Michael Fenn, Gordon McIntosh, and David Siegel List of Contributors

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Book SynopsisIn the aftermath of the 2010 Citizens United decision, it''s become commonplace to note the growing political dominance of a small segment of the economic elite. But what exactly are those members of the elite doing with their newfound influence? The One Percent Solution provides an answer to this question for the first time. Gordon Lafer''s book is a comprehensive account of legislation promoted by the nation''s biggest corporate lobbies across all fifty state legislatures and encompassing a wide range of labor and economic policies.In an era of growing economic insecurity, it turns out that one of the main reasons life is becoming harder for American workers is a relentlessand concertedoffensive by the country's best-funded and most powerful political forces: corporate lobbies empowered by the Supreme Court to influence legislative outcomes with an endless supply of cash. These actors have successfully championed hundreds of new laws that lower wages, eliminate paid sick leTrade Review[T]he good news is that much of the conservative and corporate agenda recounted by The One Percent Solution is highly unpopular. Large majorities of adults, even Republicans, support efforts to take care of the environment, bolster social programs for families and children, improve our nation's infrastructure, and expand labor rights, even union rights. The bad news is that opponents to the right-wing, business-friendly troika have been slow to mobilize counterweights of their own. The One Percent Solution should thus be a wake-up call to anyone concerned about the economic well-being of working Americans. * Dissent *Gordon Lafer's The One Percent Solution seeks to explain several puzzling aspects of American politics today. Why do people of modest means who depend on government-funded health care and Social Security or other supplements to their income continue to vote for candidates who promise to privatize or get rid of those very programs. Why do pepole who are poor vote for politicians who promise to cut corporate taxes?... [Lafer] meticulously demonstrates how the Koch brothers and the Suprme Court's Citizen's United decision of 2010 have influenced elections and public policy in the states. * The New York Review of Books *Lafer (Univ. of Oregon) focuses interdisciplinary attention on the strategies and tactics of a handful of registered nationwide lobbyists (American Legislative Exchange Council, Americans for Prosperity, the US Chamber of Commerce, and the National Federation of Independent Business), which submitted "model legislation" to state legislators. He critiques the policies these groups espoused regarding minimum wages, union memberships, employee rights, government funding, and public education. The author presents evidence of economic impact from these state laws, which contrast greatly from the original proclamations of how these changes should improve a state’s economy. Lafer examines tactics lobbyists used to weaken state funding for auditing and enforcing payroll regulations and promoting charter schools and voucher programs, irrespective of the actual results from those reforms. The voluminous resources listed in the notes are accurate and very accessible. * Choice *Table of ContentsIntroduction: A Corporate Political Agenda for the Twenty-First Century1. Wisconsin and Beyond: Dismantling the Government2. Deunionizing the Private Sector3. Remaking the Nonunion Economy4. The Destruction of Public Schooling5. Silencing Labor's Voice: The Campaign to Remove Unions from PoliticsConclusion: Populist Pushback and the Shrinking of Democracy

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Book SynopsisIn Imposing Standards, Martin Hearson shifts the focus of political rhetoric regarding international tax rules from tax havens and the Global North to the damaging impact of this regime on the Global South. Even when not exploited by tax dodgers, international tax standards place severe limits on the ability of developing countries to tax businesses, denying the Global South access to much-needed revenue. The international rules that allow tax avoidance by multinational corporations have dominated political debate about international tax in the United States and Europe, especially since the global financial crisis of 20072008.Hearson asks how developing countries willingly gave up their right to tax foreign companies, charting their assimilation into an OECD-led regime from the days of early independence to the present day. Based on interviews with treaty negotiators, policymakers and lobbyists, as well as observation at intergovernmental meetings,Trade ReviewMartin Hearson's Imposing Standards: The North-South Dimension to Global Tax Politics is a timely monograph that dives into the puzzling history of tax treaty negotiations between higher-income countries in the global North and lower-income countries in the global South during the last half-century. Imposing Standards is an important, well-written, and astutely argued book that casts light on a hitherto unexplored chapter in the history of global tax politics, contributes a novel theoretical approach, and establishes a new paradigm for the international tax discipline. * H-Net *Table of ContentsPrologue 1. The Problem with Tax Treaties 2. A History of Lower-income Countries in (and out of) Global Tax Governance 3. The Competition Discourse and North-South Relations 4. The International Tax Community and the Politics of Expertise 5. The United Kingdom 6. Zambia 7. Vietnam and Cambodia 8. Historical Legacies in a Rapidly Changing World

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Book SynopsisThis book explores the correlations of diversity and power in UK boardrooms and the difficulties inherent in truly merit-based appointments. From a distance, boardroom diversity is seen as a UK success story of recent years. A closer look at boardrooms reveals a more uncomfortable truth: boards can be split into tracks of power and diversity. Where there is a concentration in power, genuine diversity is much less prevalent. Using the FTSE 100, the book examines the appointment and retention of the most powerful positions in some of the world’s most powerful corporations. Diversity, merit and power are each defined and measured individually, then considered cumulatively, to provide fresh insights into the meaning of corporate power, who wields it and how it is obtained. This analysis is considered alongside the diversity narratives created by the FTSE 100 to frame their position on diversity. From this, the value of corporate ‘diversity speak’ is challenged, together with the regulatory requirements that result in its production. Those studying or practising corporate law or management and anyone with an interest in corporate power will find this in-depth assessment thought-provoking and informative. From the book’s original vantage point, suggestions are made as to how and why we might seek a more balanced distribution of power in the boardroom.Table of Contents1. Those Who Seek Power Part One: In Theory 2. C-Suite Diversity and its Antecedents 3. Theories of Merit and Power Part Two: In Practice 4. Diversity 5. Merit 6. Power 7. The Framing of Diversity and Merit in the Boardroom 8. From Sweet Talkers to Deniers Part Three: Choices 9. Diversifying Power Through Regulation 10. A Holistic Approach 11. Conclusion

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Book Synopsis"This book shows how using business as a force for good, not just pursuing short-term profits, can be better for consumers, employees, local communities, the environment, and your company''s long-term bottom line."--Tony Hsieh, New York Times bestselling author of Delivering Happiness and CEO, Zappos.com, Inc.B Corps are a global movement of more than 2,700 companies in 60 countries--like Patagonia, Ben & Jerry''s, Kickstarter, Danone North America, and Eileen Fisher--that are using the power of business as a force for good. B Corps have been certified to have met rigorous standards of social and environmental performance, accountability, and transparency. This book is the authoritative guide to the what, why, and how of B Corp certification.Coauthors Ryan Honeyman and Dr. Tiffany Jana spoke with the leaders of over 200 B Corps from around the world to get their insights on becoming a Certified B Corp, improving their social and environmental performance, and building a more inclusive economy. The second edition has been completely revised and updated to include a much stronger focus on diversity, equity, and inclusion (DEI). These changes are important because DEI can no longer be a side conversation--it must be a core value for any company that aspires to make money and make a difference.While this book is framed around the B Corp movement, any company, regardless of size, industry, or location, can use the tools contained here to learn how to build a better business. As the authors vividly demonstrate, using business as a force for good can help you attract and retain the best talent, distinguish your company in a crowded market, and increase trust in your brand.

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Book SynopsisCorporate risk management policy is essential during a period of volatile commodity prices and exchange rates in managing the risk exposure and its consequent impact on cash flow, profitability and firm value. Debates on whether hedging with derivatives practically enhances firm value through market imperfections, however, are still on-going. Hitherto, conflicting and mixed empirical evidence supported the debates in financial risk management theories. Taking into account that the contradictions among the existing literature could possibly be caused by the problem of endogeneity among variables and firm heterogeneity or fixed effects due to differences in corporate governance, this book explores the interrelationship between commodity risk exposure, hedging, corporate governance and firm value in an emerging market, using Malaysia as a case study. It provides the major findings in this area and the conclusions for strategies and insights for further generalisation in wider capital markets from the perspective of an emerging market of the Asia-Pacific region. Three main econometrics models are applied in this book. The first model estimates the commodity risk exposure of non-financial companies in the Malaysian stock exchange as a case study, and its implications for corporate hedging policy, by examining two sets of commodities; namely crude oil and palm oil. The commodity risk exposures were estimated by employing the augmented ordinary least squares (OLS) market model. Probit and tobit models were applied to assess the effect of risk exposure on corporate risk management policy. The results conclude that commodity risk exposure significantly affects the hedging policy of Malaysian firms. The second set of models examined the impact of hedging on firm value, using 420 firm-year observations (2004 to 2009). The results strongly support the positive effect of hedging on firm value. Both univariate and multivariate analysis support the hypothesis that a companys decisions to hedge -- as well as the extent of its hedging -- lead to higher firm value. The results remain robust by comparing pooled-OLS regressions, fixed-effects panel analysis, two-stage least squares and generalised methods of moments (GMM). The third model investigates the effect of corporate governance on hedging using probit and tobit regressions. This book presents major empirical findings for the relationship between risk management, corporate governance and firm value, and their general implications for capital markets. The empirical and general findings discussed in this book strongly support managerial risk aversion theory, which posits that firms with a higher proportion of directors shareholdings are likely to hedge more. The findings also revealed that firm size is positively related to hedging, that geographically diversified firms are more likely to hedge and have higher hedging activity, and that firms with higher cash holdings and lower dividend pay-outs are less likely to hedge. As a conclusion for policy implication, the findings emphasise the need for greater transparency and disclosure of commodity price risks and hedging policy in corporate financial statements in an emerging market.

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Book SynopsisUnderstanding governance as it applies to portfolios, programs, and projects is growing in importance to organizations, because appropriate governance is a factor in the success or failure of strategic initiatives and portfolios, as well as an organization’s programs and projects. Implementing an effective governance framework can be challenging due to factors such as increasing business complexities, regulatory requirements, globalization, and rapid changes in technology and business environments. Many organizations do not have a consistent approach to portfolio, program, and project governance. PMI’s Governance of Portfolios, Programs, and Projects: A Practice Guide, developed by leading experts in the field, provides guidance to organizations and practitioners on how to implement or enhance governance on portfolios, programs, and projects. This practice guide provides definitions for governance in an effort to distinguish the different levels of governance and to identify their common elements.

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