What Is Corporate Governance? (The Mcgraw-Hill What Is) (MGMT & LEADERSHIP) - Softcover

The need for sound corporate governance is the #1 item on many people's agendas today, from corporate directors and decision makers to investors looking to shield themselves from the next Enron-type disaster.

But what exactly constitutes sound governance? And what should directors and managers do to ensure they can meet their governance responsibilities--whether legal, moral, or both?What Is Corporate Governance? provides readers with concise yet comprehensive coverage of this hot-button subject.

What directors can do to restore effectiveness and accountability to corporate boardrooms

From Enron to Arthur Andersen, allegations of corner office criminality have brought new attention to the roles and responsibilities of corporate boards and directors. What Is Corporate Governance? focuses on the role corporate directors play in determining that a corporation stays within the bounds of the law, achieves sustained profitability, and is operated in the best interests of its shareholders and other stakeholder constituencies.

This latest addition to McGraw-Hill's popular What Is . . . series explores:

• Attributes to look for when choosing a competent director--independence, functional competence, general and company-specific expertise, and more
• The Board-CEO relationship, from techniques for selecting an effective CEO to measures for determining compensation that drives performance without appearing excessive
• How legislation such as Sarbanes-Oxley is driving positive changes in operations and management, and should continue to increase board accountability in control and governance issues

The ultimate test of board effectiveness is the degree to which an organization achieves its purpose. What Is Corporate Governance? provides a concise, comprehensive overview of what corporations and their directors must do to create an entity that is operationally sound, competitively strong, and able to address the needs of all of its stakeholders--from customers in search of the best products to stockholders entitled to an acceptable return on their investments.