コーポレート・ガバナンスにおける厳しい教訓 Hard Lessons in Corporate Governance

著者名：Tingle, Bryce C.

Cambridge University Press（2024/05/30発売）

• 言語：ENG
• ISBN：9781009170611
• eISBN：9781009186216

Description

How should corporations be run? Who should get a say, and what results can we expect? Hard Lessons in Corporate Governance provides an accessible introduction to the various failed attempts at using corporate governance to improve society. It introduces the record of these failures and illuminates hard lessons spread across thousands of empirical studies. If we look at the outcomes generated by various corporate governance 'best'; practices, we find that none of the practices work. If we look at the theories and assumptions that support modern corporate governance, we find they are likely wrong. And if we look at the prospect of corporate governance to improve political, environmental, and social outcomes, we find ample evidence that governance will fail us here too. After documenting these failures, Bryce Tingle KC turns to the most important lesson: how to fix this important, but broken, system.

Table of Contents

Introduction; 1. Our corporate governance experiment; Part I. What do We Know About Corporate Governance practices: 2. Best practices for boards of director; 3. Can we measure corporate governance; 4. Do we understand executive compensation best practices; 5. What explains shareholder voting; 6. Shareholder activism; 7. Proxy advisors; Part II. What can We Conclude About Our Theories of Corporate Governance: 8. Taking stock of the argument so far: we need a better theory of the firm; 9. How crooked is the timber; 10. Markets and corporate governance; Part III. Are Social Welfare Outcomes any Different: 11. Achieving social and environmental goals through corporate governance; 12. Shareholders and ESG disclosure; 13. Where do we go from here.