Corporate Governance

The purpose of this book is to provide an in-depth exploration of corporate governance through twelve chapters that address key elements of this crucial aspect of modern business management. A brief introduction outlines the evolution and importance of corporate governance beyond shareholder interests to encompass a variety of stakeholders. A series of subsequent chapters explore the role and responsibilities of the board of directors, the duties and liabilities of corporate directors, and the various structures of corporate governance. The selection, compensation, and removal of corporate directors are examined in detail, emphasizing the importance of meticulous processes in maintaining an effective, dynamic board. Among the topics explored are CEO selection and succession planning, executive equity ownership, corporate control mechanisms, and shareholder activism. These topics are explored to emphasize their impact on decision-making and corporate governance. It provides a critical examination of alternative models of corporate governance, such as stakeholder governance, employee participation, family-owned businesses, and state-owned enterprises, emphasizing collaboration, inclusion, and adaptability. Also covered in the book is the topic of corporate governance in the digital age, as well as cybersecurity and the integration of environmental, social, and governance principles in corporate governance. The concluding chapter of the book highlights the essential role of corporate governance in contemporary business environments. It advocates responsible and sustainable practices as essential elements of organizational resilience and longevity given the dynamic nature of our global economy.