Transforming Governance by Aluchna, Maria; Aras, Güler;

Short description:

In Transforming Governance the contributors, guided by Maria Aluchna and Güler Aras, address the current state, as well as the development of corporate governance and its perceived tasks and functions, in response to the changing market and regulatory environment. The book addresses the inefficiencies, scandals and crises as well as the signific

Long description:

Transforming Governance: New Values, New Systems in the New Business Environment, edited by Maria Aluchna and Güler Aras addresses the current state, as well as the development of corporate governance and its perceived tasks and functions, in response to the changing market and regulatory environment. Divided into three parts, the book firstly addresses the variety of theoretical approaches. The inefficiencies, scandals and crises as well as the significant shortcomings and current criticism of shareholder value provide a new setting and theoretical assumptions for the purpose and role of corporate governance in the economy and society. The second section of the book goes on to discuss the forces which lead to the changing corporate governance paradigm, as companies are expected to incorporate not only shareholders but also stakeholders expectations and report and improve upon social and environmental performance. The focus of this section is to present the impact of stakeholders, the requirement for corporate social responsibility and sustainability, as well as the increasing importance of women in management and their participation at corporate board level. Section Three contains corporate governance case studies within various organizational and institutional settings; including the case of family companies, social enterprises/benefit corporations, sustainable companies and emerging markets. The book's contributors comprise both researchers and business experts addressing both theoretical and practical dimensions.

'Overall, the book provides a comprehensive overview of corporate governance and its evolution in developing countries; it is clearly written and avoids academic style, keeping references to a minimum. This makes it especially well-suited for finance or management master's students who are approaching corporate governance for the first time. In this setting, the instructor can use the book to introduce students to specific topics and also to provoke interesting class discussions. It can be also used by PhD students to gain a broad perspective of how the corporate governance issues are approached by different academic fields and to identify interesting problems and discrepancies that call for further research.'

María Gutiérrez Urtiaga, Universidad Carlos III de Madrid, Madrid, Spain

Table of Contents:

1. Preface

2. Introduction

3. Corporate governance theories: a synthesis

4. Corporate governance failures: an international perspective

5. The need for a new paradigm for corporate governance

6. The evolution of corporate governance mechanisms in emerging economies: the case of Turkey

7. Corporate governance and new tasks of the board

8. Corporate governance and the growing role of women in the boardroom

9. Family business governance: a review of the first experiences of Polish family firms

10. Private equity governance

11. Key features of the Russian model of corporate governance

12. Conclusion