International corporate governance : A comparative perspective

Corporate governance over the last decade has become a subject of increasing public interest. It is becoming recognized that the purpose of business is not simply to generate wealth but to retain it, and ensure resources are directed towards the purposes they were intended for. International Corporate Governance makes sense out of the enveloping controversies that have occurred in corporate governance in all jurisdictions, and puts into perspective the events in the UK and Europe, in Japan and the Asian financial crisis, and most recently in the United States. It investigates the reasons for the failure of Enron, WorldCom, Tyco and other major US corporations, while examining the role of international standards of corporate governance, with the intervention of the OECD, World Bank and IMF.

1. Corporate Governance 2. The Institutional Elements of Governance 3. The Political Mechanisms of Governance 4. Market Based Systems: Anglo-Saxon Experience 5. Relationship Based Systems: European Approaches 6. Relationship Based Systems: Asian Models 7. Developing Practice and Emerging International Standards of Corporate Governance 8. Conclusions: Continuing Dilemmas of Corporate Governance 9. Case Studies: Enron (US), Worldcom (US), Tyco (US), HIH (Australia), One-Tel (Australia), Deutsche Bank (Germany), Daimler-Chrysler (Germany/US), Vodaphone-Mannesmann (UK/Germany), Toyota (Japan), Hyundai (Korea), Nomura (Japan), General Motors (US), AOL/Time Warner (US), Maxwell Communications (UK).