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An introduction to corporate governance

Mechanisms and systems

Steen Thomsen

DJØF's Forlag 2008, 248 s. ISBN 978875741851
Bogomtale fra forlaget.

This book provides an introduction to corporate governance - the control and direction of companies by boards, owners, company law and other mechanisms. The book deals with the mechanisms of governance and how they are combined in different governance systems around the world.
Part I is a non-technical overview of governance mechanisms and country models. Part II is an in-depth discussion of some particularly important governance mechanisms: ownership, boards, business ethics and corporate governance codes. Part III reviews international corporate governance systems: the market based US and UK systems, bank governance in Germany, cross ownership in Japan, and family business in East Asia. It is recommended that boards do regular corporate reviews to ensure value creation.

Steen Thomsen is a professor and director of the Center for Corporate Governance at Copenhagen Business School. He specializes in corporate governnance as a teacher, researcher, consultant, commentator and practitioner. His publications include more than 20 articles in international journals and three books on the subject. Steen Thomsen har served as a board member in several business companies and is currently a non-executive chairman of two consulting firms. He has served as a consultant and lecturer to several large companies and government organizations, including the EU, the UN, Copenhagen Stock Exchange and the Danish Central Bank.

Table of Contents

Introduction

Part I. An Introduction to Corporate Governance
Chapter 1. What is Corporate Governance?
Chapter 2. Agency Problems and Corporate Governance
Chapter 3. The Mechanisms of Governance
Chapter 4. International Corporate Governnace

Part II. Understanding Mechanisms of Governance
Chapter 5. Understanding Corporate Ownership
Chapter 6. What Boards do and should do
Chapter 7. Ethics as a Governance Mechanism
Chapter 8. Understanding Corporate Governance Codes

Part III. Understanding International Systems
Chapter 9. The Market Model: Shareholder Value
Chapter 10. Bank Governance in Germany
Chapter 11. Relational Governance in Japan
Chapter 12. Family Business with East Asia as an example
Chapter 13. Corporate Governance in Scandinavia

Part iV Conclusion
Chapter 14. Corporate Governance beyond the Hype