Corporate governance and board decisions

Corporate Governance and Board Decisions offers a comprehensive exploration of the fundamental principles and practices that shape effective corporate governance. Steen Thomsen guides the reader through the critical importance of transparency, balanced oversight, and incentive alignment in enhancing value creation for both businesses and society. The text fuses academic rigor with practical insights, making it especially suited for master’s level courses and professionals keen to deepen their understanding of board dynamics. This thoroughly revised and updated volume builds on previous editions to present a balanced discussion of theoretical frameworks and real-world applications. It examines topics such as compliance, performance measurement, corporate social responsibility, and the delicate interplay between board behavior and strategy, all of which are essential for reducing decision errors and curbing opportunism. Table of Contents Part 1. Introduction Chapter 1. What is corporate governance? Chapter 2. Theories of Corporate Governance Appendix: Optimal Contracts and Agency Problems Chapter 3. The Mechanisms of Governance Chapter 4. International Corporate Governance Chapter 5. Corporate Governance Codes and Regulations Part 2. Mechanisms Chapter 6. Compliance Chapter 7. Performance Measurement Chapter 8. Corporate Social Responsibility Chapter 9. Corporate Ownership Chapter 10. Board Theory and Board Structure Chapter 11. Board Behaviour Chapter 12. Executive Compensation Part 3. Board Decisions Chapter 13. The Board and Strategy Chapter 14. The Board and Succession Chapter 15. Supervision and Support Appendix: Value Creation Chapter 16. IT Governance