Corporate Governance
Bronvermelding
Titel : Corporate Governance
Druk : 1
Auteur : J.L. Colley Jr., J.L. Doyle, G.W. Logan, W.
Stettinius
Uitgever : McGraw-Hill Education
ISBN (boek) : 9780071403467
Aantal hoofdstukken (boek) : 13
Aantal pagina’s (boek) : 260
De inhoud van dit uittreksel is met de grootste zorg samengesteld. Incidentele onjuistheden kunnen niettemin voorkomen.
Je dient niet aan te nemen dat de informatie die Students Only B.V. biedt foutloos is, hoewel Students Only B.V. dat wel
nastreeft. Dit uittreksel is voor persoonlijk gebruik en is bedoeld als wegwijzer bij het originele boek. Wij raden aan altijd
het bijbehorende studieboek te kopen en dit uittreksel als naslagwerk erbij te houden. In dit uittreksel staan diverse
verwijzingen naar het studieboek op basis waarvan dit uittreksel is gemaakt.
Dit uittreksel is een uitgave van Students Only B.V. Copyright © 2011 StudentsOnly B.V. Alle rechten
voorbehouden. De uitgever van het studieboek is op generlei wijze betrokken bij het vervaardigen van dit
uittreksel. Voor vragen kun je je per email wenden tot .
,Inhoudsopgave
Hoofdstuk 1 Capitalism, Free Enterprise, and the Corporation 3
Hoofdstuk 2 The Legal Obligation of Directors: 4
Hoofdstuk 3 Board Organization 6
Hoofdstuk 4 Board Selection 8
Hoofdstuk 5 The Mystique of Board Meetings 11
Hoofdstuk 6 CEO Succession Planning, Selection, and Performance Appraisal 12
Hoofdstuk 7 CEO Compensation 14
Hoofdstuk 8 The Board – Management Relationship 16
Hoofdstuk 9 Corporate and Capital Structures 18
Hoofdstuk 10 Dealing with External Pressures 21
Hoofdstuk 11 How Directors Get Into Trouble 23
Hoofdstuk 12 Not-for-Profit Organizations: The Differences 25
Hoofdstuk 13 Final Thoughts 27
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Bron : Corporate Governance - J.L. Colley Jr., J.L. Doyle, G.W. Logan, W. Stettinius
, Hoofdstuk 1 Capitalism, Free Enterprise, and the Corporation
The economic system of developed countries embraces free enterprise and there are clashes of
interests because of competition; laws provide for resolution of conflicts.
THE EVOLUTION OF GOVERNANCE: People found that quarrels could be controlled best by rule of
law peacefully.
THE DEMOCRATIC EXPERIMENT: Democracy, which sprung from the American Revolution,
tolerated slavery. Later, it was corrected by the Bill of Rights, which was a combination of individual
rights, state rights and restrictions on federal power.
GOVERNANCE HAS MADE THE DIFFERENCE: Unlike USA, which is peaceful and prosperous,
many other countries have still not established proper democracy.
CAPITALISM: The main push for economic and social development is capitalism. When individuals in
groups seek their own prosperity, it can benefit all. In theoretical capitalism, the methods need not
always meet high moral standards. Only when moral considerations come under governance can a
balance be brought about.
THE GAME: We use the analogy of game to explain the above concepts as follows:
The Basics: The games, which were first regional, then national, have now become global.
An infrastructure supporting the game is created first. The governmental agencies and people
who work outside determine the game.
The Government and the Game: Individual constituents and other interest groups influence
the writing of the rules of the game for their benefit. Thus, part of the game circles around
efforts to improve its rules.
Enforcement and the Game: The regulatory agencies and judiciary interpret the rules, see
that they are followed, but this has caused a clash between privacy rights and police powers
of governments.
Those outside the Game: The underground economy does not come under the rules of the
game. If such groups become a strong political power, they can be a threat to those in the
game; so efforts are being made to bring them in.
THE CORPORATION: This form of business organization is attractive because of its unlimited life,
limited liability of the owners, the divisibility of the ownership, legal status as “Limited Liability
Corporations” (LLCs) created by state charters, availability of sub chapter S for income tax and profits
being taxed at LLC level.
THE TRUST: For the protection of its developing industries, independent corporations became
collective and they influenced a policy of high tariffs. A number of industries like tobacco, oil, sugar
etc., became monopolies and in 1893, anti-trust laws were framed.
THE ROLE OF CORPORATE GOVERNANCE: Businesses are successful only if properly governed.
In private owner managed businesses there is no conflict of interest between investors and board of
directors. In publicly owned corporations, this may not be true and this is the focus of this book.
www.studentsonly.nl Voor de beste uittreksels! 3
Bron : Corporate Governance - J.L. Colley Jr., J.L. Doyle, G.W. Logan, W. Stettinius
Bronvermelding
Titel : Corporate Governance
Druk : 1
Auteur : J.L. Colley Jr., J.L. Doyle, G.W. Logan, W.
Stettinius
Uitgever : McGraw-Hill Education
ISBN (boek) : 9780071403467
Aantal hoofdstukken (boek) : 13
Aantal pagina’s (boek) : 260
De inhoud van dit uittreksel is met de grootste zorg samengesteld. Incidentele onjuistheden kunnen niettemin voorkomen.
Je dient niet aan te nemen dat de informatie die Students Only B.V. biedt foutloos is, hoewel Students Only B.V. dat wel
nastreeft. Dit uittreksel is voor persoonlijk gebruik en is bedoeld als wegwijzer bij het originele boek. Wij raden aan altijd
het bijbehorende studieboek te kopen en dit uittreksel als naslagwerk erbij te houden. In dit uittreksel staan diverse
verwijzingen naar het studieboek op basis waarvan dit uittreksel is gemaakt.
Dit uittreksel is een uitgave van Students Only B.V. Copyright © 2011 StudentsOnly B.V. Alle rechten
voorbehouden. De uitgever van het studieboek is op generlei wijze betrokken bij het vervaardigen van dit
uittreksel. Voor vragen kun je je per email wenden tot .
,Inhoudsopgave
Hoofdstuk 1 Capitalism, Free Enterprise, and the Corporation 3
Hoofdstuk 2 The Legal Obligation of Directors: 4
Hoofdstuk 3 Board Organization 6
Hoofdstuk 4 Board Selection 8
Hoofdstuk 5 The Mystique of Board Meetings 11
Hoofdstuk 6 CEO Succession Planning, Selection, and Performance Appraisal 12
Hoofdstuk 7 CEO Compensation 14
Hoofdstuk 8 The Board – Management Relationship 16
Hoofdstuk 9 Corporate and Capital Structures 18
Hoofdstuk 10 Dealing with External Pressures 21
Hoofdstuk 11 How Directors Get Into Trouble 23
Hoofdstuk 12 Not-for-Profit Organizations: The Differences 25
Hoofdstuk 13 Final Thoughts 27
www.studentsonly.nl Voor de beste uittreksels! 2
Bron : Corporate Governance - J.L. Colley Jr., J.L. Doyle, G.W. Logan, W. Stettinius
, Hoofdstuk 1 Capitalism, Free Enterprise, and the Corporation
The economic system of developed countries embraces free enterprise and there are clashes of
interests because of competition; laws provide for resolution of conflicts.
THE EVOLUTION OF GOVERNANCE: People found that quarrels could be controlled best by rule of
law peacefully.
THE DEMOCRATIC EXPERIMENT: Democracy, which sprung from the American Revolution,
tolerated slavery. Later, it was corrected by the Bill of Rights, which was a combination of individual
rights, state rights and restrictions on federal power.
GOVERNANCE HAS MADE THE DIFFERENCE: Unlike USA, which is peaceful and prosperous,
many other countries have still not established proper democracy.
CAPITALISM: The main push for economic and social development is capitalism. When individuals in
groups seek their own prosperity, it can benefit all. In theoretical capitalism, the methods need not
always meet high moral standards. Only when moral considerations come under governance can a
balance be brought about.
THE GAME: We use the analogy of game to explain the above concepts as follows:
The Basics: The games, which were first regional, then national, have now become global.
An infrastructure supporting the game is created first. The governmental agencies and people
who work outside determine the game.
The Government and the Game: Individual constituents and other interest groups influence
the writing of the rules of the game for their benefit. Thus, part of the game circles around
efforts to improve its rules.
Enforcement and the Game: The regulatory agencies and judiciary interpret the rules, see
that they are followed, but this has caused a clash between privacy rights and police powers
of governments.
Those outside the Game: The underground economy does not come under the rules of the
game. If such groups become a strong political power, they can be a threat to those in the
game; so efforts are being made to bring them in.
THE CORPORATION: This form of business organization is attractive because of its unlimited life,
limited liability of the owners, the divisibility of the ownership, legal status as “Limited Liability
Corporations” (LLCs) created by state charters, availability of sub chapter S for income tax and profits
being taxed at LLC level.
THE TRUST: For the protection of its developing industries, independent corporations became
collective and they influenced a policy of high tariffs. A number of industries like tobacco, oil, sugar
etc., became monopolies and in 1893, anti-trust laws were framed.
THE ROLE OF CORPORATE GOVERNANCE: Businesses are successful only if properly governed.
In private owner managed businesses there is no conflict of interest between investors and board of
directors. In publicly owned corporations, this may not be true and this is the focus of this book.
www.studentsonly.nl Voor de beste uittreksels! 3
Bron : Corporate Governance - J.L. Colley Jr., J.L. Doyle, G.W. Logan, W. Stettinius
