Corporate Governance

Corporate governance is one of the key issues of the 1990s due to a number of well-publicised corporate problems in the late 1980s. These involved creative accounting, spectacular business failures, the apparent ease of unscrupulous directors in expropriating other stakeholders funds, the limited role of auditors, and the claimed weak link between executive compensation and company performance. Corporate Governance offers the first detailed analysis, from an Institute of Chartered Accountants of England and Wales (ICAEW) funded research programme, into issues raised to importance by the arguments of the Cadbury committee. Written in an accessible format, Corporate Governance presents the most recent, state-of-the-art empirical evidence on key topics within corporate governance including:the voting behaviour of institutional investorsinternal control and the management auditthe remuneration of the corporate boardboard structures and qualifications in firms gaining quotationaudit committeesthe performance of firms in relation to institutional ownership