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The Recurrent Crisis in Corporate Governance

The Recurrent Crisis in Corporate Governance

Paperback

Business GeneralEconomics

Publisher Price: $32.00

ISBN10: 0804750866
ISBN13: 9780804750868
Publisher: Stanford Business Books
Published: Aug 18 2004
Pages: 192
Weight: 0.52
Height: 0.52 Width: 5.56 Depth: 8.56
Language: English

Named one of the 2003 books of the year in the Economist: A convincing explanation of why, despite all of the recent reforms in American corporate governance, there will probably be more firms that go the way of Enron.

In the last thirty years, there has been a gradual erosion in the abilities and responsibilities of corporate boards. In addition to the ethics scandals that have plagued companies both new and established over the last three years, a number of over-diversified, over-staffed companies experienced failures that might have been avoided had there been proper oversight on the part of the board. While reform of the governance system has received considerable attention from the press, business leaders, and politicians, there have been few analyses of what is really happening on a systemic level, and even fewer workable suggestions for reform.

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Economics