International Corporate Governance A Comparative Approach

Thomas Clarke's International Corporate Governance offers a comprehensive guide to corporate governance forms and institutions and examines the recurring crises in corporate governance and the resulting corporate governance reform around the world. While the popular structure of the original text has been retained, significant changes have been made to take account of the global financial crisis, ever-changing regulations and worldwide governance developments. Key topics include: The governance failures of international corporations such as Enron and Lehman Brothers Diversity in corporate and institutional forms across the world The role of international corporate governance standards Digital disruption in capital markets and proposals for rebuilding commitment to long-term investing The impact of financialization and corporate governance practices on increasing inequality The links between corporate governance, corporate social responsibility and sustainability This textbook contains a wealth of pedagogical material to guide the reader through this complex subject, including student questions to help with assessments, and a new companion website. There are also thirteen forensic case studies which scrutinize the governance failures seen at RBS, UBS, BP, Volkswagen and many other international corporations. International Corporate Governance will be an essential text for anybody studying corporate governance at the advanced undergraduate, master's or executive level.

Foreword to the First Edition bySir Adrian Cadbury Preface to the Second Edition 1. Cycles of Governance 2. Boardsand Directors: The Political Mechanisms of Corporate Governance 3. Finance, Lawand Markets: The Institutional Elements of Corporate Governance 4. Anglo-American Corporate Governance 5. EuropeanCorporate Governance 6. Asia-Pacific Corporate Governance 7.Corporate Governancein the Emerging Economies 8. The Globalisation of Corporate Governance 9. Corporate Social Responsibility 10. Corporate Sustainability Appendix: Enron-Era Case Studies 1. Enron 2. WorldCom 3. HIH Insurance 4. Parmalat Global Financial Crisis Case Studies 5. Lehman Brothers 6. Royal Bank of Scotland 7. UBS 8. Iceland Asia-Pacific Case Studies 9. Satyam 10. Olympus Corporate Responsibility and Sustainability Case Studies 11. James Hardie 12. BP 13. Volkswagen

Thomas Clarke is Professor of Management at the University of Technology Sydney. Formerly Professor of Management at the China Europe International Business School (CEIBS), Shanghai, he was a member of the Royal Society of Arts (RSA) Tomorrow’s Company inquiry that influenced the review of UK company law. At the OECD in Paris he helped develop the international corporate governance code, now in its third edition, adopted by governments throughout the world. In 2016, he was awarded the inaugural Sir Adrian Cadbury Scholarship by the International Corporate Governance Network.