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Author: Daniel Meidl Publisher: GRIN Verlag ISBN: 3668194912 Category : Business & Economics Languages : en Pages : 18
Book Description
Seminar paper from the year 2014 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7, Munich Business School University of Applied Sciences, language: English, abstract: Particularly in the last decades the awareness of companies themselves and the public for good corporate governance increased dramatically. “Corporate governance is set to be the primary focus for the 21st” century. Most of the advanced economies have released new corporate governance rules and codes or company laws, especially as a result of the financial crisis in 2007 and the breakdown of several big companies worldwide. In Australia attention to corporate governance has grown after the „major corporate collapses and scandals of 2001 and 2002“, which included „five publicly traded (...) companies (...) [such as the] telecom company (One.Tel)“. One.Tel ran out of money and collapsed in 2001. The company could not be revived, all assets were sold and the workers laid off. It has once been the fourth largest telecom company in Australia. The collapse of the Australian company is „associated with serious deficiencies in its corporate governance, including weaknesses in internal control, (...) management communication with the board, and poor executive pay-to-performance link.“ In the first part, this paper will provide you with background information on the terms corporate governance and corporate control. The second part outlines corporate control in Australia by elaborating on the market for corporate control, monitoring by shareholders, monitoring by non-executives and renumeration.
Author: Daniel Meidl Publisher: GRIN Verlag ISBN: 3668194912 Category : Business & Economics Languages : en Pages : 18
Book Description
Seminar paper from the year 2014 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7, Munich Business School University of Applied Sciences, language: English, abstract: Particularly in the last decades the awareness of companies themselves and the public for good corporate governance increased dramatically. “Corporate governance is set to be the primary focus for the 21st” century. Most of the advanced economies have released new corporate governance rules and codes or company laws, especially as a result of the financial crisis in 2007 and the breakdown of several big companies worldwide. In Australia attention to corporate governance has grown after the „major corporate collapses and scandals of 2001 and 2002“, which included „five publicly traded (...) companies (...) [such as the] telecom company (One.Tel)“. One.Tel ran out of money and collapsed in 2001. The company could not be revived, all assets were sold and the workers laid off. It has once been the fourth largest telecom company in Australia. The collapse of the Australian company is „associated with serious deficiencies in its corporate governance, including weaknesses in internal control, (...) management communication with the board, and poor executive pay-to-performance link.“ In the first part, this paper will provide you with background information on the terms corporate governance and corporate control. The second part outlines corporate control in Australia by elaborating on the market for corporate control, monitoring by shareholders, monitoring by non-executives and renumeration.
Author: John Hynes Farrar Publisher: ISBN: Category : Business & Economics Languages : en Pages : 554
Book Description
This book provides a comprehensive look at the laws and practice of corporate governance in an international setting, with particular reference to Australia and New Zealand.
Author: Alan J. Dignam Publisher: ISBN: Category : Languages : en Pages :
Book Description
This article concerns the classification of the corporate governance system of Australia's listed market. Claims are often made that it is an outsider system of ownership and control, similar to that of the UK and the US. Through an examination of share ownership patterns, institutional investor activism, private rent extraction, the market for corporate control and blocks to information flow, this article argues that the corporate governance system of Australia's listed market in fact has many of the characteristics associated with insider systems. The misclassification of the corporate governance system of Australia's listed market has significant impacts for the general classification of insider and outsider systems, as it may be an example of an insider system converging to an outsider system. The misclassification also has significant impacts for the Australian reform agenda, as reforms based on the assumption that the Australian listed market has an outsider system of corporate governance may be inappropriate and damaging.
Author: Geof P. Stapledon Publisher: ISBN: Category : Business & Economics Languages : en Pages : 416
Book Description
The unusual feature of this book is that it compares the system of corporate governance operating in Australia with that operating in the UK, while at the same time also looking carefully at US, German and Japanese experiences. The significance of the subject matter of this book lies in the fact that institutional investors collectively hold a very large proportion of the equity capital of the UK corporate sector and a sizeable proportion of the equity capital of the Australian equivalent. In addition domestic companies occupy an extremely significant position in the UK economy and a significant one in the Australian economy.
Author: John L. Teall Publisher: ISBN: 9780415397865 Category : Corporate governance Languages : en Pages : 0
Book Description
University business schools offer courses in corporate governance and takeovers as part of their standard finance curriculum. This book is for use in such business courses dealing with mergers, acquisitions, governance restructuring and corporate control. It combines theoretical, empirical, quantitative and practitioner-oriented matter.
Author: Justin O'Brien Publisher: World Scientific ISBN: 1860948472 Category : Business & Economics Languages : en Pages : 424
Book Description
Addresses the implications of private equity for the governance of corporations, the capital markets in which they operate and the professionals who provide corporate advisory services. Justin O'Brien from Charles Sturt University.
Author: Gregory E. P. Shailer Publisher: ISBN: 9781741033410 Category : Corporate governance Languages : en Pages : 47
Book Description
As the author comments in the Introduction to this book, Corporate Governance is currently a popular topic with regulators, investors, company directors and executives, commentators and academics but this is not just a recent phenomenon. While current interest may be largely a response to major cases of company failure and managerial misconduct, many of the basic issues involved were of concern when limited liability companies were first invented and have been revisited at other times in history. This text offers a very concise introduction to the principles of corporate governance for those wishing to understand the main issues affecting corporate governance in relation to publicly traded corporations. It provides a general overview of the origins and nature of this type of corporation, its stakeholders, the general principles of governance and how they apply to corporations and a brief discussion of Australian as well as international developments that affect Australian companies. The approach adopted in An Introduction to Corporate Governance in Australia emphasises understanding the nature of the entity being governed and how the general principles of governance apply to such an entity.
Author: Tim Bowley Publisher: Bloomsbury Publishing ISBN: 1509952233 Category : Business & Economics Languages : en Pages : 243
Book Description
This book explores the regulatory challenges of public company shareholder activism. Around the world, policy makers, practitioners and academics debate how best to regulate shareholder activism. Using Australia as a case study, the book examines key issues raised by this debate. With a market structure and legal settings that are conducive to activism, Australia makes an ideal case study and provides a fresh comparative perspective on the regulatory debate about shareholder activism, which tends to be dominated by US-focused analysis and commentary. The book presents empirical evidence which reveals that Australian activism is a significant and multifaceted phenomenon, undertaken by different types of activists pursuing varying strategies and supported by a range of complementary market developments. The book uses this evidence to develop comparative insights and explore internationally topical issues, including: - activists' willingness to use interventionist governance rights; - the role of intermediaries such as proxy advisers in facilitating activism; - institutional investor stewardship; and - the risks of collective shareholder activism. This book provides an important comparative perspective on the topic of shareholder activism. It is an essential resource for policy makers, practitioners and academics interested in the regulatory implications of shareholder activism.
Author: Bruce Aronson Publisher: Cambridge University Press ISBN: 1108356389 Category : Law Languages : en Pages : 437
Book Description
Corporate governance in Asia continues to attract global interest due to its critical importance to the world's fastest-growing region. The study of governance systems remains complicated by Asia's mix of legal traditions, market systems and social history. This comprehensive textbook provides a comparative overview of the corporate governance framework, theory and practice in major Asian countries. Students at all levels will gain an understanding of corporate governance systems in Asia and how they compare with models attributed to the US, the UK and Europe. Featuring six foundational chapters focusing on general theory and corporate governance systems and eight country-specific chapters, this book can be used as the basic textbook for a general course on comparative corporate governance or as an essential reference about corporate governance in Asia for a wide variety of professionals including academics, jurists, students, practitioners, investors, creditors, policymakers and analysts.
Author: Daniel Meidl
Author: Daniel Meidl
Author: John Hynes Farrar
Author: Alan J. Dignam
Author: Geof P. Stapledon
Author: John L. Teall
Author: Justin O'Brien
Author: Stephen David Prowse
Author: Gregory E. P. Shailer
Author: Tim Bowley
Author: Bruce Aronson