Capital Markets and Corporate Governance [Hardcover]

The debate over corporate governance, or how companies are controlled, has flourished vigorously for several years in the U.S. and has now spread to the U.K. This book collects papers by leading academics, bankers, and consultants which discuss major issues in corporate governance in the U.K., Germany, and Japan. It examines the role of shareholders, company boards, and managers under a market-based system as exists in the U.K. and the U.S. in comparison with the insider system found in Japan and, to a lesser extent, Germany. The issue of the effectiveness of the British system and how it might be made more efficient through increasing the accountability of company boards to shareholders, both directly and via the capital market, is extensively discussed.

Abbreviations
I. United Kingdom
Introduction,Lord Alexander of Weedon
1. The Need to Restore Corporate Accountability: An Agenda for Reform: Postscript on the Draft Report of the Cadbury Committee,Nicholas Dimsdale (Oxford University)
2. Corporate Strategy and Corporate Accountability,John Kay (London Business School)
3. Market Assessment of Company Prformance,Paul Marsh (London Business School)
4. A Larger Role for Institutional Investors,Johnathan Charkham (Bank of England)
5. Proposals for a Reformed System of Corporate Governance to Achieve Internationally Competitive Long-Term Performance,Allen Sykes
6. The Changing Relationship between the Banks and Business in the UK,Douglas McWilliams and Andrew Sentance (Confederation of British Industry)
7. Small Firms and Clearing Banks,Miles Middleton (Association of British Chambers of Commerce)
8. The Role of the Banks,David Lomax (National Westminster Bank)
9. Stock-Markets, Financial Institutions, and Corporate Performance,Colin Mayer (City University Business School)
10. The Role of the Venture Capital Industry in thelcu