Corporate GovernanceThe first of its kind, Nofsinger provides an overview of our corporate governance system in a flexible, modular format. Today, the term corporate governance is familiar to almost everyone. Unfortunately, its familiarity in our society comes about because of revelations of one shocking corporate scandal after another: executives caught pilfering from their firms; accountants helping companies doctor their financial numbers; analysts irresponsibly hyping internet stocks. Nofsingeris organized into chapters that discuss each corporate governance mechanism. Every chapter is organized in the same way, and each chapter is self-contained. Each chapter begins with a detailed overview of the monitor or monitoring mechanism, and then highlights potential problems. |
Contents
Corporations and Corporate | 1 |
Executive Incentives | 11 |
Accountants and Auditors | 25 |
Copyright | |
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accounting acquired activities addition agencies analysts annual auditing auditors become board of directors bond capital changes chapter Code committee companies compensation conduct considered consulting corporate governance cost created creditors debt describe directors discuss earnings economic effective employees Enron example Exchange executives Exercises expense Figure firm firm's fraud funds future groups important incentives increase independent individual industry institutional interest internal investment banks investors issue Italy Journal laws less managers meet merger million monitor NASDAQ offer operations owners ownership pension percent performance potential problems profits proposals protect Questions received recent recommendations regulations responsibility role rules securities sell share shareholders shows social stakeholder standards statements stock options stock price stockholders structure takeover