Corporate Governance Matters, 3rd Edition
by David Larcker (Author), Brian Tayan (Author)

About the Author
David Larcker is James Irvin Miller Professor of Accounting at the Graduate School of Business of Stanford University; Director of the Corporate Governance Research Program; Senior Faculty, Arthur and Toni Rembe Rock Center for Corporate Governance. His research focuses on executive compensation, corporate governance, and managerial accounting, examining the choice of performance measures and compensation contracts in organizations. His current research projects address the valuation implications of corporate governance, the impact of proxy advisory firms on shareholder proxy voting, and modeling the cost of executive stock options.

Brian Tayan is a member of the Corporate Governance Research Program at the Stanford Graduate School of Business. He has written broadly on the subject of corporate governance, including boards of directors, succession planning, executive compensation, financial accounting, and shareholder relations. Previously, he worked as a financial analyst at Stanford University's Office of the CEO and as an investment associate at UBS Private Wealth Management. He has actively managed a private investment partnership since 2006, specializing in long-term, conservative growth through equity investments. Tayan received his MBA from the Stanford Graduate School of Business and his BA from Princeton University.

About this Book
Corporate Governance Matters, 3rd Edition gives corporate board members, officers, directors, and other stakeholders all the knowledge they need to implement and sustain superior governance in today’s challenging business environments. Authored by two leading experts, it fully addresses every component of governance, reflecting the latest trends and statistics. Updated throughout, it carefully synthesizes current academic and professional research, summarizing what is known, what is unknown, and where the evidence remains inconclusive. Coverage includes: international corporate governance; equity ownership; incentives; labor markets for CEOs; board structures; linkages to organizational strategy and business models; risk management, succession planning, financial reporting and external audit; governance ratings; and alternative corporate governance structures, including family-controlled businesses, nonprofits, private equity, and venture capital. This edition includes expanded coverage of many core and emerging issues, including:

• Environmental, Social, and Governance (ESG)
• Board effectiveness
• CEO succession
• CEO compensation
• Cybersecurity and risk
• Shareholder activism, and more
  

Throughout, the authors’ models and frameworks demonstrate how components of governance fit together, with examples and scenarios illustrating key points. Their balanced approach is focused strictly on two goals: to “get the story straight,” and to provide useful tools for making better, more informed decisions.

Brief Contents
Chapter 1 Introduction to Corporate Governance
Chapter 2 International Corporate Governance
Chapter 3 Board of Directors: Duties and Liability
Chapter 4 Board of Directors: Selection, Compensation, and Removal
Chapter 5 Board of Directors: Structure and Consequences
Chapter 6 Strategy, Performance Measurement, and Risk Management
Chapter 7 CEO Selection, Turnover, and Succession Planning
Chapter 8 Executive Compensation and Incentives
Chapter 9 Executive Equity Ownership
Chapter 10 Financial Reporting and External Audit
Chapter 11 The Market for Corporate Control
Chapter 12 Shareholders and Shareholder Activism
Chapter 13 Stakeholders and Stakeholder Activism
Chapter 14 Corporate Governance and ESG Ratings
Chapter 15 Alternative Models of Governance
Chapter 16 Summary and Conclusions
Index

Pages : 528
ISBN-10 : 0136660029
ISBN-13 : 978-0136660026
Publisher : FT Press; 3rd Edition (November 5, 2020)
Language : English