Corporate Governance in the US and Europe

1. Front Matter

   Pages i-xi

   PDF

2. Corporate Governance in the US and Europe: Where Are We Now?

   • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

   Pages 1-20

3. Michael Jensen on Agency Costs of Overvalued Equity

   • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

   Pages 21-24

4. Jonathan Rickford on Corporate Governance Systems — How Much Convergence?

   • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

   Pages 25-30

5. Colin Mayer on Corporate Governance Systems — How Much Convergence?

   • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

   Pages 31-36

6. Steven N. Kaplan on the State of US Corporate Boards and Governance: What is Right and Wrong?

   • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

   Pages 37-41

7. Paul Davies on Boards of Directors: the European Perspective

   • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

   Pages 42-46

8. Martin Lipton on the Role of the Board of Directors

   • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

   Pages 47-51

9. Roberta Romano on Institutional Shareholders and Corporate Governance in the US

   • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

   Pages 52-56

10. Alastair Ross Goobey on Institutional Shareholders and Corporate Governance — a UK Perspective

    • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

    Pages 57-60

11. Kevin J. Murphy on Executive Compensation: Is Europe Catching Up with the US, and Should it Do So?

    • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

    Pages 61-64

12. Brian G. M. Main on the Question of Executive Pay

    • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

    Pages 65-69

13. Sean O’Hare on UK Compensation Trends

    • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

    Pages 70-72

14. Martin Lipton on the Role of the Corporation in Society

    • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

    Pages 73-78

15. David Henderson on Corporate Social Responsibility and the Role of Business Today

    • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

    Pages 79-83

16. Krishna G. Palepu on Information and the Regulation of Markets

    • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

    Pages 84-87

17. Joshua Ronen on Financial Statement Insurance

    • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

    Pages 88-90

18. Andrei Shleifer asks Is There a Major Problem with Corporate Governance in the United States?

    • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

    Pages 91-95

19. Luigi Zingales on the Importance of Bad News

    • Geoffrey Owen, Tom Kirchmaier, Jeremy Grant

    Pages 96-98

20. Back Matter

    Pages 99-162

    PDF

Corporate Governance in the US and Europe provides a comprehensive and concise overview of the most recent developments in corporate governance. It is based on a recent joint conference arranged by New York University and the London School of Economics, which brought together eminent academics and practitioners, including Michael Jensen in Finance and Martin Lipton in Law, to discuss the stock market boom-and-bust, and the recent corporate scandals. The book is aimed at practitioners, policy makers and academics who have to deal with corporate governance.

• board of directors
• corporate governance
• corporate social responsibility
• development
• economics
• finance
• Germany
• Governance
• insurance
• regulation
• social responsibility
• stock market
• university
• USA

'The importance of effective corporate governance to the creation and safeguarding of wealth is hard to overstate. Its fascination is that, being mainly about people and behaviour, it is a live topic and will never be 'done and dusted'. This book provides a valuable over-view of many different aspects of the subject and points to where the debate might be headed.' - Sir Derek Higgs, Chairman, Partnerships UK plc and author of Review of the Role and Effectiveness of Non-Executive Directors

'Those who are locked day to day in governance issues on individual Boards will find it stimulating, as I have done, to sample this selection of current views on governance from a wider perspective.' - Sir Christopher Hogg, Former Chairman of Glaxo SmithKline plc and Reuters plc

• Interdisciplinary Institute of Management, London School of Economics and Political Science, UK

  Geoffrey Owen, Tom Kirchmaier

• Graduate Institute of International Studies, Geneva, Switzerland

  Jeremy Grant

SIR GEOFFREY OWEN is Senior Fellow at the Institute of Management, London School of Economics and Political Science, UK. His research interests include corporate governance, corporate strategy and global competitiveness issues. He was formerly Editor of the Financial Times, and prior to that the FT's US Correspondent and Industrial Editor. His most recent book is From Empire to Europe: the Decline and Revival of British Industry. Sir Geoffrey serves on the Board of Directors of the Laird Group Plc.

TOM KIRCHMAIER is Lecturer at the Institute of Management, London School of Economics and Political Science, UK, from where he also holds a PhD. His research interests include corporate governance, M&A and corporate restructuring. He teaches corporate governance and strategy to students and business executives, and publishes in this area both academically and in the business media like the Financial Times and the Wall Street Journal Europe. He has worked as a consultant for a number of global firms including the Volkswagen Group, the DaimlerChrysler Group and Oracle.

JEREMY GRANT is on academic sabbatical based at the Graduate Institute of International Studies in Geneva, Switzerland and the London School of Economics and Political Science, UK. He holds a law degree from the London School of Economics and Political Science, and MSc degrees in Management and International Relations from the same institution. His research focuses on corporate governance, M&A, takeover defences and anti-trust regulation of mergers. He has worked for JP Morgan in corporate finance and equity research, and served on the board of a Munich based technology company. He is author of the book Regulating European Takeovers.

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