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Item Details
Title: THE RECURRENT CRISIS IN CORPORATE GOVERNANCE
By: Paul W. MacAvoy, Ira M. Millstein
Format: Electronic book text

List price: £59.80


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ISBN 10: 1403946884
ISBN 13: 9781403946881
Publisher: PALGRAVE USA
Pub. date: 14 October, 2003
Pages: 168
Synopsis: In recent decades two crises have overtaken the American corporation - the loss of competitiveness in the 1980s and the loss of investor trust in the late 1990s. Both have in their time severely damaged the holdings of investors in whose interests the corporation operates. The first drove down share prices, below the inherent value of investor assets, as management ran the governance process for its own interests. The second artificially held share prices above asset values, in the aftermath of the stock market bubble, as management cashed out its shares just before bankruptcy. Both led to the question: where was corporate governance in general - where were boards of directors when management was out of control? This book proposes a new, responsive answer focusing on changes in corporate conduct, principally by putting the board of directors fully in charge of management.The authors' detailed analysis and critique of the past performance of governance imply reforms that involve three changes: in leadership, by a board chairman independent of management; in process, with new information flows to the board of directors; in responsibility, with the directors accountable for the results. All go far beyond current reforms, but are deemed necessary by the two distinguished authors who are long-term practitioners in the governance field.
Publication: US
Imprint: Palgrave Macmillan
Returns: Non-returnable
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DECLINE OF SERVICE IN THE REGULATED INDUSTRIES (PB)
ENERGY POLICY (PB)
EXPLAINING METALS PRICES (HB)
EXPLAINING METALS PRICES (PB)
INDUSTRY REGULATION AND THE PERFORMANCE OF THE AMERICAN ECONOMY (PB)
NATURAL GAS NETWORKS PERFORMANCE AFTER PARTIAL DEREGULATION: FIVE QUANTITATIVE STUDIES (HB)
PRICE FORMATION IN NATURAL GAS FIELDS (HB)
PRIVATIZATION AND STATE OWNED ENTERPRISES (HB)
PRIVATIZATION AND STATE-OWNED ENTERPRISES (PB)
PRODUCTION FUNCTIONS OF FAST BREEDER REACTORS (CLASSIC REPRINT)
THE ACTIVIST DIRECTOR (HB)
THE CAUSES AND EFFECTS OF DEREGULATION (HB)
THE ENGINEERING ECONOMICS OF LARGE SCALE DESALTING (CLASSIC REPRINT)
THE FAILURE OF ANTITRUST AND REGULATION TO ESTABLISH COMPETITION IN MARKETS FOR LONG-DISTANCE TELEPHONE SERVICE (HB)
THE FEDERAL POWER COMMISSION: ECONOMIC A (PB)
THE LIMITS OF CORPORATE POWER: EXISTING CONSTRAINTS ON THE EXERCISE OF CORPORATE DISCRETION (PB)
THE NATURAL GAS MARKET (HB)
THE RECURRENT CRISIS IN CORPORATE GOVERNANCE (HB)
THE RECURRENT CRISIS IN CORPORATE GOVERNANCE (PB)
THE RECURRENT CRISIS IN CORPORATE GOVERNANCE (PB)
THE REGULATED INDUSTRIES AND THE ECONOMY (PB)
THE REGULATION-INDUCED SHORTAGE OF NATUR (PB)
THE UNSUSTAINABLE COSTS OF PARTIAL DEREGULATION (HB)

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