Corporate Governance in the US and Europe

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.

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.

Foreword; W.T.Allen Conference Participants Corporate Governance in the US and Europe: Where are we Now?; G.Owen, T.Kirchmaier & J.Grant Agency Costs and Overvalued Equity; M.Jensen Corporate Governance Systems - How Much Convergence?; J.Rickford Corporate Governance Systems - How Much Convergence?; C.Mayer The State of US Corporate Boards and Governance: What is Right and Wrong?; S.N.Kaplan Boards of Director: The European Perspective; P.Davies The Role of the Board of Directors; M.Lipton Institutional Shareholders and Corporate Governance in the US; R.Romano Institutional Shareholders and Corporate Governance - A UK Perspective; A.R.Goobey Executive Compensation: Is Europe Catching Up with the US, and Should it Do So?; K.J.Muphy The Question of Executive Pay; B.G.M.Main UK Compensation Trends; S.O'Hare The Role of the Corporation in Society; M.Lipton Corporate Social Responsibility and the Regulation of Markets; D.Henderson Financial Statement Insurance; J.Ronen Is there a Major Problem with Corporate Governance in the United States?; A.Shleifer The Importance of Bad News; L.Zingales Appendices: Evolution and Summary of Corporate Governance Codes Appendix 1: UK Appendix 2: US Appendix 3: Germany Appendix 4: European Takeover Code Notes Bibliography