New Book Published on Corporate Governance: Theory and Practice
23 January 2012
Capitalism is high on the political agenda. Like coffee it seems to come in a bewildering number of varieties. Some politicians like it 'responsible' others 'moral' and still others 'popular'.
Capitalism is high on the political agenda. Like coffee it seems to come in a bewildering number of varieties. Some politicians like it 'responsible' others 'moral' and still others 'popular'. While some argue that it is time for shareholders to wield real power, others feel that that certain shareholders, notably hedge funds should sit on their hands, at least if they have bought shares after a takeover has been announced. Out on the streets the tents of the "occupy" protectors may be under threat but many are sympathetic to the view that bankers and board members have been rewarded for taking too many risks with other people's money.
In Corporate Governance: Theory and Practice, Dr Carol Padgett, a lecturer in finance at Henley Business School's ICMA Centre, explores these issues, considering why shareholders may not see themselves as owners of companies and examining new regulation designed to change this view. This new book covers a variety of other governance topics including directors' remuneration, using a wealth of examples from companies around the world.
Colin Mayer, Peter Moores Professor of Management Studies at Saïd Business School, University of Oxford, said of Corporate Governance: Theory and Practice: 'Carol Padgett has written an excellent book on corporate governance. It is comprehensive and thorough in its coverage of an important and expanding topic. The book combines an extensive review of the relevant literature with an insightful description of corporate governance policy and practice. It is well illustrated with case studies and examples, and it guides the reader carefully through the different aspects of current corporate governance debates.'
Please see further information on research at the ICMA Centre.