Arsalidou Rethinking Corporate Governance in Financial Institutions

1. Auflage 2015
ISBN: 978-1-134-49919-9
Verlag: CRC Press
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 258 Seiten

Reihe: Routledge Research in Corporate Law

There are many deep-seated reasons for the current financial turmoil but a key factor has undoubtedly been the serious failings within the corporate governance practices of financial institutions. There have been shortcomings in the risk management and incentive structures; the boards’ supervision was at times weak; disclosure and accounting standards were in some cases inadequate; the institutional investors’ engagement with management was at times, insufficient and, last but not least, the remuneration policy of large institutions contributed to poor corporate governance outcomes. This book will provide a critical overview and analysis of the key weaknesses, focusing on three main areas: directors’ failure to understand complex company transactions, poor remuneration practices of financial institutions and finally the failure of institutional investor to sufficiently engage with management. The book while largely focused on the UK, will also consider EU and Australian developments as well as offering a comparative angle looking at the corporate governance of financial institutions in the US.

Autoren/Hrsg.

Arsalidou, Demetra

Fachgebiete

• Rechtswissenschaften Wirtschaftsrecht Bank- und Versicherungsrecht Bank-, Sparkassen- und Börsenrecht
• Rechtswissenschaften Wirtschaftsrecht Handels- und Gesellschaftsrecht Allgemeines und Gesamtdarstellungen (Gesellschaftsrecht)

Inhaltsverzeichnis

Introduction 1. Sharpening Bankers’ Personal Accountability 2. The Theoretical Justification of Executive Remuneration as an Incentive Mechanism 3. Shareholder Engagement and Activism: An Effective Mechanism for Monitoring Management or a Fallacious Notion? 4. Executive Remuneration and Shareholders’ Voice in the United States Epilogue

Über Autor(innen)

Demetra Arsalidou is a senior lecturer at Cardiff University, UK.