A Financial Times Book of the Year 2020! Should companies be run for profit or purpose? In this ground-breaking book, acclaimed finance professor and TED speaker Alex Edmans shows it's not an either-or choice. Drawing from real-life examples spanning industries and countries, Edmans demonstrates that purpose-driven businesses are consistently more successful in the long-term. But a purposeful company must navigate difficult trade-offs and take tough decisions. Edmans provides a roadmap for company leaders to put purpose into practice, and overcome the hurdles that hold many back. He explains how investors can discern which companies are truly purposeful and how to engage with them to unleash value for both shareholders and society. And he highlights the role that citizens can play in reshaping business to improve our world. This edition has been thoroughly updated to include the pandemic, the latest research, and new insights on how to make purpose a reality.

Traces a recent power shift in corporate America during which such chief executives as Michael Eisner, Carly Fiorina, and Hank Greenberg were involuntarily replaced--terminations that were influenced by the Internet and politicized shareholder groups.

The asymmetry of responsibilities between management and corporate governance both for day-to-day operations and the board's monthly or quarterly review and evaluation remains an unresolved challenge. Expertise in the area of risk management is a fundamental requirement for effective corporate governance, if not by all, certainly by some board members. This means that along with board committees such as "compensation", "audit", "strategy" and several others, "risk management" committees must be established to monitor the likelihood of certain events that may cause the collapse of the firm. Risk Management and Corporate Governance allows academics and practitioners to assess the state of international research in risk management and corporate governance. The chapters overlay the areas of risk management and corporate governance on both financial and operating decisions of a firm while treating legal and political environments as externalities to decisions undertaken.

In the largest study of profit-sharing and employee ownership in years, Joseph R. Blasi, Richard B. Freeman and Douglas L. Kruse investigated dozens of large- and medium-sized companies across all sectors of the United States' economy. The ten-year effort involved nearly 50,000 employees, and the findings were unequivocal: when rank-and-file employees - not just top executives - are given an ownership stake in their company, the result is better worker engagement, more loyalty, more innovation, and drastically lower turnover. The common notion that profit sharing creates a free rider mentality among workers proves totally unfounded. In The Citizen's Share, Blasi, Freeman and Kruse argue that the concept of employee ownership has deep roots extending back to the political and economic vision of America's founders. Thomas Jefferson, for example, conceived of the Louisiana Purchase as a path that would lead to widespread economic independence through individual land ownership. The authors discuss the founding generation's seminal ideas about personal economic independence, explain how we have strayed from those ideas, and propose practical solutions for bringing employment practices back in line with the nation's founding principles.

This original work captures the heart, and enlarges the soul, of reform movements within the study of governance and bureaucracy. Author David John Farmer provides constitutive features of a new consciousness for democratic governance that will revolutionize the subject of public administration. To Kill the King sketches post-traditional consciousness in terms of three rejuvenating concepts--thinking as play, justice as seeking, and practice as art. In a series of critical essays on each of these concepts, the book describes a post-traditional consciousness of governance that can yield enormous improvement in the quality of life for each individual. To Kill the King will appeal to any professor (whether in the post-modernist camp or not) who wants to expose students to fresh challenges and new insights.

"Timely topics such as school security, Internet and e-commerce security, as well as trends in the criminal justice system are presented in a well-written, thoughtful manner. A brand new Instructor's Manual accompanies this revision."--Publisher

"In this book you will find : Complete coverage of the 3 categories of disaster: natural hazards, human-caused hazards, and accidental/technical hazards, updated information on risks from cyber attacks, rioting, protests, product tampering, bombs, explosions and terrorism, extensive disaster planning and readiness check-lists for IT infrastructure, enterprise applications, servers and desktops.-Clear guidance on developing alternate work and computing sites and emergency facilities, actionable advice on emergency readiness and response, up-to-date information on the legal implications of data loss following a security breach or disaster."--Editor.

Describing corporatism as responsible for a paradigm shift in comparative politics and comparing it with other major "isms" such as liberal-pluralism and Marxism, Wiarda (political science, U. of Massachusetts-Amherst) summarizes the literature relating to corporatism, explores the theory and intellectual history of corporatism, and provides an overview of corporatist approaches to several fields of scholarship. Paper edition (unseen), $21.95. Annotation copyright by Book News, Inc., Portland, OR

Why does corporate governance--front page news with the collapse of Enron, WorldCom, and Parmalat--vary so dramatically around the world? This book explains how politics shapes corporate governance--how managers, shareholders, and workers jockey for advantage in setting the rules by which companies are run, and for whom they are run. It combines a clear theoretical model on this political interaction, with statistical evidence from thirty-nine countries of Europe, Asia, Africa, and North and South America and detailed narratives of country cases. This book differs sharply from most treatments by explaining differences in minority shareholder protections and ownership concentration among countries in terms of the interaction of economic preferences and political institutions. It explores in particular the crucial role of pension plans and financial intermediaries in shaping political preferences for different rules of corporate governance. The countries examined sort into two distinct groups: diffuse shareholding by external investors who pick a board that monitors the managers, and concentrated blockholding by insiders who monitor managers directly. Examining the political coalitions that form among or across management, owners, and workers, the authors find that certain coalitions encourage policies that promote diffuse shareholding, while other coalitions yield blockholding-oriented policies. Political institutions influence the probability of one coalition defeating another.

Corporate governance around the world continues to develop rapidly and this new edition has been extensively rewritten to reflect these changes. The global financial crisis has led to a whole host of changes in corporate governance requirements, which are analysed by Bob Tricker.