Making IT Governance Work

Making IT Governance Work

Making IT Governance Work in a Sarbanes-Oxley World by Jaap Bloem, Menno van Doorn and Piyush Mittal presents a clear view that integrates corporate governance to IT governance. With 50% of all capital investment going into IT, it is critical that legal compliance be built in. This book discusses the issues and common misconceptions. Then […]

Continue Reading ·

Global Strategy: Creating and Sustaining Advantage Across Borders

Global Strategy: Creating and Sustaining Advantage across Borders (Strategic Management) by Andrew Inkpen and Kannan Ramaswamy integrates academic research and case studies to inform readers about global avenues to competition. Political instability, corrpution, inadequate infrastructure, and closely knit ownership structures are addressed. For example, readers are advised that leapfrogging offers the best window for an MNE […]

Continue Reading ·

Governance and Risk: Benchmarking Corporate Governance Risks

Governance and Risk by George S. Dallas (Editor). This handbook presents the most comprehensive framework for corporate governance as a risk factor that I have ever seen. I have several books on my shelves that compare corporate governance systems in the US, UK, Japan, Germany and France but this one also includes Brazil, China, India, […]

Continue Reading ·

February 2007

European Governance Regimes Converge but National Differences Persist There is increasing convergence towards a Europe-wide conception of good corporate governance but significant differences between individual markets persist, according to a major study of European governance practices. Based on analysis of 289 companies across 15 countries, the European Corporate Governance Annual Review is the most comprehensive […]

Continue Reading ·

December 2006

Panel to Examine California Pension/Healthcare Obligations California Governor Arnold Schwarzenegger signed an executive order creating a bipartisan commission to advise him on changes needed to address public pension obligations, particularly rising health care costs. Their recommendations are due in 2008. Labor groups and their Democratic allies in the Legislature immediately cautioned Schwarzenegger to not overreach […]

Continue Reading ·

Ending The Wall Street Walk: Why Corporate Governance Now?

What would you do if the company in which you’ve invested your hard earned dollars throws it away on fat retirement benefits to outside members of its board of directors? One individual investor, Richard Ayers, conducted a proxy battle this year with Nevada Power Company over the issue. Although he won more than 30% of the […]

Continue Reading ·

November 2006

Flattery Counts Examining survey data from a sample of managers and chief executives at Forbes 500 companies, the authors of The Other Pathway to the Boardroom find that managers who flatter, agree with and render favors to their chief executives are far more likely to receive board appointments at other firms where their chief executive serves as […]

Continue Reading ·

October 2006

Broker Vote to End in 2008 The New York Stock Exchange moved to eliminate discretionary broker voting on the election of directors as of 2008. The NYSE, operated by NYSE Group Inc. of New York, filed the proposal with the Securities and Exchange Commission in Washington, which must approve it before it can be finalized. Currently, brokers […]

Continue Reading ·

Archives: September 2006

The Next Best Step Ed Durkin, the director of corporate affairs at the United Brotherhood of Carpenters and who oversees $40 billion pension funds, is a real hero to many of us seeking more democratic corporate governance. When proxy access stalled, Durkin had the vision to push majority vote. The result is that more than […]

Continue Reading ·

Archives: August 2006

SDCERS Troubles Continue A judge in the federal pension fraud case of the San Diego City Employees’ Retirement System (SDCERS) has postponed the February trial date until May 15, 2007, after defense attorneys requested more time to prepare. San Diego city pension officials were indicted 1/6/06 on fraud and conspiracy charges. All pleaded not guilty. […]

Continue Reading ·

April 2006

“Principles for Responsible Investment” Backed by World’s Largest Investors In a historic development for global financial markets, United Nations Secretary-General Kofi Annan was joined by a group of the world’s largest institutional investors, including CalPERS, at the international launch of the Principles for Responsible Investment. The heads of leading institutions from 16 countries, representing more than $2 trillion […]

Continue Reading ·

December 2005

SEBI Announcements The Securities & Exchange Board of India, or SEBI, Friday said it wouldn’t extend the date for complying with Clause 49 of the Listing Agreement, a new guideline which requires listed companies to have at least half of their board members as non-executive directors. To date, only 20 companies of the 5,000 that […]

Continue Reading ·

November 2005

Code of Conduct: Windowdressing or Binding? The International Labor Rights Fund (ILRF) filed a class action in Los Angeles Superior Court on behalf of the employees of Wal-Mart’s overseas suppliers to find out. The ILRF argues Wal-Mart’s “Standards for Suppliers,” which specify wages, hours of labor, and environmental conditions constitutes a binding contract. Wal-Mart is likely to […]

Continue Reading ·

October 2005

Grade Inflation or Truly Outstanding? Business Week carries an article, Stars of the Boards, outlining recent awards by the Outstanding Directors Institute. “The group presents a list of candidates — nominated by fellow directors — to an advisory board composed of sitting corporate directors and chief executives. They help determine the final list. To make the cut, […]

Continue Reading ·

Review: Political Power and Corporate Control

According to Gourevitch and Shinn, “corporate governance – the authority structure of a firm – lies at the heart of the most important issues of society”… such as “who has claim to the cash flow of the firm, who has a say in its strategy and its allocation of resources.” The corporate governance framework shapes […]

Continue Reading ·

Powered by WordPress. Designed by WooThemes