Advances in Corporate Governance

The governance of the modern corporation is broadly understood as the mechanisms, relations, and processes for balancing the interests of stakeholders. It spells out the rules and procedures for decision-making, accountability and transparency, and distributional rights. Corporate governance thus provides the framework in which corporate objectives are set, the means of attaining them, the kind of performance monitoring required, and by whom. In the aftermath of the global financial crisis and large-scale corporate failures, the issue of corporate governance has repeatedly received the attention of policy-makers and the wider public. Extending the study of corporate governance beyond that of listed corporations sheds new light on the overall performance of corporations in market economies. These include small to medium-sized corporations, nonprofit organisations and philanthropic foundations, public corporations and public-private partnerships, social enterprises and cooperatives, international organisations, and corporations in cyberspace. A decade after the massive failures in the governance of financial corporations, and with continued governance failures in other parts of the economy since then, this volume takes stock and asks: what has been the performance of corporate governance regimes, and have regulatory changes and corporate governance codes made a difference? What are the strengths and weaknesses of current corporate governance systems and codes? How do corporate forms differ in their governance performance, and what have been the experiences across countries? And, finally, what implications for understanding governance behaviour and for policy-makers and regulators come to mind?

Contributors:

Christoph M. Abels, Hertie School in Berlin.
Carl Åberg, University of South-Eastern Norway.
Helmut K. Anheier, Hertie School in Berlin and the Luskin School of Public Affairs at UCLA.
Theodor Baums, Johann Wolfgang Goethe-University in Frankfurt/Main and the Institute for Law and Finance.
Thomas Biersteker, Graduate Institute, Geneva.
Cecilia Cannon, Graduate Institute of International and Development Studies.
Iris H-Y Chiu, University College London.
Gemma Donnelly-Cox,Trinity College Dublin.
Jonas Gabrielsson, Halmstad University.
Morten Huse, BI Norwegian Business School.
Alexandra Ioan, Learning and Action Center, Ashoka.
Johanna Mair, Hertie School in Berlin and Stanford Center on Philanthropy and Civil Society.
Michael Meyer, WU Vienna.
Ulf Papenfuß, Zeppelin University Friedrichshafen.
Julia Redenius-Hövermann, Frankfurt School of Finance and Management.
Daniela Stockmann, Hertie School.
Hanna Surmatz, European Foundation Centre.
Filip Wijkström, Stockholm School of Economics.
Miriam Wolf, Leeds University Business School.