Full Description
With the transition into the Knowledge Economy, a formidable series of new challenges arise within the corporate governance space. This book tackles the issue of corporate governance along two axes. Firstly, it confronts the developments in corporate governance within the context of the Knowledge Economy and all its implications in relation to the pre-eminence of intangible assets, the advent of technologies such as smartphones and advanced forms of artificial intelligence, and cultural changes associated with the incorporation of Gen Y into the workforce and the proliferation of social networks and effects such as Big Data and cyber-threats. Secondly, it highlights the challenges for multinational organizations and the tension that exists between headquarters and subsidiary offices due to the need to combine the corporation's ethical culture and corporate governance values with the institutional forces of the subsidiaries' context. The combination of these two axes addressed viz aviz the relationship between senior management and the rank and file of the organization to create an ethical corporate culture leads to a completely different positioning of corporate governance and make the book truly unique and of interest to researchers, students of corporate finance and corporate governance alongside practitioners within financial organizations and more broadly.
Contents
Chapter 1 Conceptual Framework: Corporate responsibility, governance, business ethics, culture, and the Knowledge Economy.- Chapter 2 First things first: The hidden costs of poor governance.- Chapter 3 Challenges to global governance in MNE: Strategy adaptation to local markets.- Chapter 4 Challenges to local governance in international business: The risks of corruption.- Chapter 5 Different approaches to governance in adopting a sustainable business model.- Chapter 6 The way forward.
