Corporate Governance - Principles, Policies, and Practices 4th Edition

From the 'father of corporate governance' comes the new edition of this bestselling text, designed to equip students with a sound understanding of the frameworks that govern organizations. It offers comprehensive coverage of key principles combined with a strong practical focus through a clear three-part structure.

This fourth edition provides a new focus for understanding corporate governance that goes far beyond the regulations, rules, and voluntary codes: it has a new emphasis throughout on culture. For the first time, a distinction is drawn between Western and Eastern perceptions of corporate governance, and new cases from China (including Huawei) further support this new approach.

The book is supported by an extensive range of online resources:
For students:
Additional information on cases
Suggested further reading and research tips
Corporate Governance Blog
Web links
Corporate Governance codes around the world
Answers to self-test questions

For lecturers:
PowerPoint slides
Additional case studies
Group exercises
Teaching notes for the case studies in the book
Teaching notes for the projects in the book

• An authoritative analysis of corporate governance, written by one of the world's leading academics on the subject.
• Clear three-part structure logically introduces the theories, policies, and practical applications of the subject.
• Numerous international case studies illustrate corporate governance in real-world organizations such as Tata, Alphabet, and Sports Direct.
• A dedicated chapter on 'Corporate governance around the world' provides a comparative perspective and evaluates the impact of culture on governance in regions such as North Africa, the Middle East, and Asia.
• A range of learning features, including corporate governance in action boxes, projects, exercises, and self-test questions support and develop the reader's understanding.
• Accompanied by a range of online support, including updates on the cases in the book and new web links to further content for students as well as additional case studies, PowerPoint slides, group activities, and access to teaching notes for adopting lecturers.

New to this Edition:

• Fully updated in light of the UK Corporate Governance Code (2018) and the World Economic Forum risk survey (2018).
• New coverage of non-listed entities - not-for-profits, cooperatives, and charities - to reflect the growing diversity of organizations and the growing recognition that all corporate entities need corporate governance.
• Discussions of additional non-Western models such as the Keiretsu and Chaebol models used in Japan and South Korea, respectively.
• Half of the case studies are brand new and include organizations such as Huawei, the NHS, and Unilever.
• Increased coverage of board diversity, culture, corporate transparency, sustainability and business ethics, cyber risk, and digitization.

Table of Contents

Part 1: Principles
1: Corporate governance: A frontier subject
2: Governance and management
3: Theories, philosophies, and concepts of corporate governance
4: The governance partnership: Investors, companies, and directors
5: The regulatory framework
6: Models of corporate governance
Part 2: Policies
7: Functions of the board
8: The governance of corporate risk
9: The board and business ethics
10: The governance of listed companies
11: The governance of non-listed corporate entities
12: Corporate governance around the world
Part 3: Practices
13: Board membership: Directors' appointment, roles, and remuneration
14: Board leadership: The reality of the boardroom
15: Board activities: Corporate governance in practice
16: Board effectiveness: Building better boards
17: Board evaluation: Reviewing directors and boards
18: Corporate governance: The next thirty years