Theory and Practice of Corporate Governance
An Integrated Approach

Based on extensive practical and academic experience this textbook explains how the real world of corporate governance works.

Stephen Bloomfield (Author)

9781107012240, Cambridge University Press

Hardback, published 28 February 2013

440 pages, 1 b/w illus. 2 tables
24.4 x 17 x 2.5 cm, 0.9 kg

'… a very valuable and impressive work.' Nick Parmee, Editor, Executive Compensation Briefing

Theory and Practice of Corporate Governance explains how the real world of corporate governance works. It offers new definitions of governance and new conceptual models for investigating governance and corporate behaviour, based on both practical experience and academic investigation. In examining the historical development of corporate governance, it integrates issues of company law, regulatory practice and company administration with contemporary corporate governance policies and structures. An extensive range of international examples, both recent and historical, is used to compare theoretical explanations of governance behaviour with practical outcomes. This book will be particularly suitable for students taking an ICSA-accredited course - giving a necessary critical view on governance, law and regulation - and will also be suitable for accountancy courses. Through utilising new conceptual models, it will stimulate debate among both theorists and practitioners looking to develop their expertise.

Part I. The Discipline of Governance: 1. The landscape and definitions of governance: the major actors
2. Inward-facing governance
3. Outward-facing governance
Part II. The Relationship Between Law and Governance: 4. The protection of the laws
5. Critical governance law
Part III. Governance and the Listed Company: 6. The development of governance - the Governance Codes
7. The 2007–8 financial crises: the failure of systemic governance
8. Systemic governance: the Turner Review, the Walker Review and the Vickers Commission
Part IV. Governance and Regulation: 9. The company and the stock market
10. Non-shareholder regulation of companies
11. Changes in regulatory structures - the PRA, the FCA and the ICB recommendations
12. Failure - the abiding characteristic of regulation
13. Accounting for profits: the root of information asymmetry
14. Reward and performance
Part VI. Counter-Governance: Failures of Governance and Corporate Failure: 15. Counter-governance (1): theory
16. Counter-governance (2): abuse of stakeholders
17. Concluding remarks
Bibliography
Index.

Subject Areas: Commercial law [LNCB], Corporate governance [KJR], Business & management [KJ]