Internal and External Aspects of Corporate Governance

by Naciri; Ahmed

• ISBN13: 9780415776417
• ISBN10: 0415776414
• Edition: 1st
• Format: Hardcover
• Copyright: 2009-10-26
• Publisher: Routledge

Summary

An effective system of corporate governance has both internal and external aspects that have to be sufficiently responsive if governance is to succeed. In this book, Ahmed Naciri examines these two core aspects or the latest buzzword in business and management theory. Internal aspects include ownership structure, the board of directors and committees, internal control, risk management, transparency and financial reporting. External aspects can either be market-oriented, or can take the form of credit ranking, and/or social requirements. Due to the original orientation of the Sarbanes/Oxley Law, concentrating solely on financial disclosure and given its decisive and tremendous influence on all other similar corporate governance legislations all over the world, most writings on corporate governance have dealt with solely internal corporate governance mechanisms. This book aim is to fill up the gap by using a systemic approach and giving a global picture of the corporate governance theoretical foundations, mainly by putting the emphasis on its double dimension: internal and external.

Table of Contents

List of Comprehensive Cases	p. ix
List of Appendices	p. xi
List of Tables	p. xiii
List of Figures	p. xv
Abbreviations	p. xix
Acknowledgments	p. xxi
Preface	p. xxiii
Corporate Governance and Corporate Strategy	p. 1
Corporate Governance: The Voluntary and the Legal Frameworks	p. 21
The Board of Directors and Corporate Governance	p. 53
The Standing Committees of the Board of Directors and Corporate Governance	p. 84
Internal Control and Corporate Governance	p. 108
Risk Management in Corporate Governance	p. 130
International Financial Reporting and-Corporate Governance	p. 151
Financial Auditing and Corporate Governance	p. 179
Credit-Rating Activities and Corporate Governance	p. 206
Financial Markets and Corporate Governance	p. 225
Corporate Governance in Less Developed Economies	p. 242
Corporate Governance Requirement of Trust	p. 261
Corporate Governance: the Road Ahead	p. 281
Notes	p. 303
References	p. 305
Index	p. 325
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