Corporate Governance : A North American Perspective

The recent wave of US corporate governance failures prompted a round of legal and regulatory reform which has attracted worldwide attention. The author's essay puts the debate into a wider context for the US. The missing link here is the right...

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Main Author:	World Bank
Format:	Brief
Language:	English
Published:	Washington, DC 2012
Subjects:	ACCOUNTABILITY ANTITRUST LAW ARTICLES OF INCORPORATION AUDIT COMMITTEES AUTHORITY BANKS BOARD MEMBER BUSINESS COMMUNITY BUSINESS CORPORATION BUSINESS LAWYER BUSINESS SECTOR CAPITAL MARKETS CEO CEOS CHARTER COALITIONS COMMON LAW COMMON LAW SYSTEM COMPANY COMPENSATION PACKAGE COMPENSATION POLICIES COMPETITIVE ENTERPRISE CONFLICTS OF INTEREST CONGRESSMAN CONVENTIONAL WISDOM CORPORATE CONSTITUENCY CORPORATE CONTROL CORPORATE COUNSEL CORPORATE DIRECTORS CORPORATE FORM CORPORATE GOVERNANCE REFORM CORPORATE LAW CORPORATE MANAGERS CORPORATE PENSION CORPORATE POWER CORPORATIONS DECISION-MAKING DECISION-MAKING PROCESSES DELAWARE DELAWARE GENERAL CORPORATION LAW DISCRIMINATION EXCHANGE ACT FEDERAL LEGISLATION FIRMS FOREIGN COMPANIES FULL DISCLOSURE GLOBAL CORPORATE GOVERNANCE GOOD CORPORATE GOVERNANCE GOOD GOVERNANCE GOVERNANCE FAILURES GOVERNANCE GUIDELINES GOVERNANCE SYSTEM INCORPORATION INDIVIDUAL COMPANIES INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSTITUTIONAL SHAREHOLDER INSTITUTIONAL SHAREHOLDERS INVESTOR PROTECTION JUDICIARY LARGE COMPANY LAWYERS LEGISLATION LIMITED LISTED COMPANIES MAJORITY VOTE MAJORITY VOTES MAJORITY VOTING MANAGERS MOTIVATIONS NATIONAL ASSOCIATION NUMBER OF SHAREHOLDERS PERFORMANCE MEASURES POLITICAL POWER PRIME MINISTER PRIVATE COMPANIES PROPRIETARY PROXY PROXY MATERIALS PROXY SEASON PROXY STATEMENTS PUBLIC COMPANIES PUBLIC DEBT REGULATORY REFORM SENATE SHARE OPTIONS SHAREHOLDER SHAREHOLDER APPROVAL SHAREHOLDER INTERESTS SHAREHOLDER MEETING SHAREHOLDER PROPOSALS SHAREHOLDER RESOLUTIONS SHAREHOLDER RIGHTS SHAREHOLDER VOTES SHAREHOLDER VOTING SHAREHOLDERS SOCIETY SPONSORS STAKEHOLDER STOCK EXCHANGE STOCK OPTIONS STOCKHOLDERS SUBSIDIARY TAKEOVER TAKEOVER THREATS TAKEOVERS TRANSITION ECONOMIES TRANSPARENCY UNION VETO
Online Access:	http://documents.worldbank.org/curated/en/2006/05/7287395/corporate-governance-north-american-perspective http://hdl.handle.net/10986/11186

id	okr-10986-11186
recordtype	oai_dc
spelling	okr-10986-111862021-04-23T14:02:54Z Corporate Governance : A North American Perspective World Bank ACCOUNTABILITY ANTITRUST LAW ARTICLES OF INCORPORATION AUDIT COMMITTEES AUTHORITY BANKS BOARD MEMBER BUSINESS COMMUNITY BUSINESS CORPORATION BUSINESS LAWYER BUSINESS SECTOR CAPITAL MARKETS CEO CEOS CHARTER COALITIONS COMMON LAW COMMON LAW SYSTEM COMPANY COMPENSATION PACKAGE COMPENSATION POLICIES COMPETITIVE ENTERPRISE CONFLICTS OF INTEREST CONGRESSMAN CONVENTIONAL WISDOM CORPORATE CONSTITUENCY CORPORATE CONTROL CORPORATE COUNSEL CORPORATE DIRECTORS CORPORATE FORM CORPORATE GOVERNANCE REFORM CORPORATE LAW CORPORATE MANAGERS CORPORATE PENSION CORPORATE POWER CORPORATIONS DECISION-MAKING DECISION-MAKING PROCESSES DELAWARE DELAWARE GENERAL CORPORATION LAW DISCRIMINATION EXCHANGE ACT FEDERAL LEGISLATION FIRMS FOREIGN COMPANIES FULL DISCLOSURE GLOBAL CORPORATE GOVERNANCE GOOD CORPORATE GOVERNANCE GOOD GOVERNANCE GOVERNANCE FAILURES GOVERNANCE GUIDELINES GOVERNANCE SYSTEM INCORPORATION INDIVIDUAL COMPANIES INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSTITUTIONAL SHAREHOLDER INSTITUTIONAL SHAREHOLDERS INVESTOR PROTECTION JUDICIARY LARGE COMPANY LAWYERS LEGISLATION LIMITED LISTED COMPANIES MAJORITY VOTE MAJORITY VOTES MAJORITY VOTING MANAGERS MOTIVATIONS NATIONAL ASSOCIATION NUMBER OF SHAREHOLDERS PERFORMANCE MEASURES POLITICAL POWER PRIME MINISTER PRIVATE COMPANIES PROPRIETARY PROXY PROXY MATERIALS PROXY SEASON PROXY STATEMENTS PUBLIC COMPANIES PUBLIC DEBT REGULATORY REFORM SENATE SHARE OPTIONS SHAREHOLDER SHAREHOLDER APPROVAL SHAREHOLDER INTERESTS SHAREHOLDER MEETING SHAREHOLDER PROPOSALS SHAREHOLDER RESOLUTIONS SHAREHOLDER RIGHTS SHAREHOLDER VOTES SHAREHOLDER VOTING SHAREHOLDERS SOCIETY SPONSORS STAKEHOLDER STOCK EXCHANGE STOCK OPTIONS STOCKHOLDERS SUBSIDIARY TAKEOVER TAKEOVER THREATS TAKEOVERS TRANSITION ECONOMIES TRANSPARENCY UNION VETO The recent wave of US corporate governance failures prompted a round of legal and regulatory reform which has attracted worldwide attention. The author's essay puts the debate into a wider context for the US. The missing link here is the rights of the shareholders in the US who have comparatively weaker rights than shareholders in some other countries, thereby making it difficult for shareholders to hold boards to account without prohibitive cost and effort. The message is that law and regulation must be seen to complement, and to facilitate market action, but not to substitute for it. That is a valuable insight from the author who is one of the world's most experienced and thoughtful corporate governance practitioners. 2012-08-13T14:23:18Z 2012-08-13T14:23:18Z 2006-05 http://documents.worldbank.org/curated/en/2006/05/7287395/corporate-governance-north-american-perspective http://hdl.handle.net/10986/11186 English Private Sector Opinion; No. 3 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Washington, DC Publications & Research :: Brief Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTABILITY ANTITRUST LAW ARTICLES OF INCORPORATION AUDIT COMMITTEES AUTHORITY BANKS BOARD MEMBER BUSINESS COMMUNITY BUSINESS CORPORATION BUSINESS LAWYER BUSINESS SECTOR CAPITAL MARKETS CEO CEOS CHARTER COALITIONS COMMON LAW COMMON LAW SYSTEM COMPANY COMPENSATION PACKAGE COMPENSATION POLICIES COMPETITIVE ENTERPRISE CONFLICTS OF INTEREST CONGRESSMAN CONVENTIONAL WISDOM CORPORATE CONSTITUENCY CORPORATE CONTROL CORPORATE COUNSEL CORPORATE DIRECTORS CORPORATE FORM CORPORATE GOVERNANCE REFORM CORPORATE LAW CORPORATE MANAGERS CORPORATE PENSION CORPORATE POWER CORPORATIONS DECISION-MAKING DECISION-MAKING PROCESSES DELAWARE DELAWARE GENERAL CORPORATION LAW DISCRIMINATION EXCHANGE ACT FEDERAL LEGISLATION FIRMS FOREIGN COMPANIES FULL DISCLOSURE GLOBAL CORPORATE GOVERNANCE GOOD CORPORATE GOVERNANCE GOOD GOVERNANCE GOVERNANCE FAILURES GOVERNANCE GUIDELINES GOVERNANCE SYSTEM INCORPORATION INDIVIDUAL COMPANIES INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSTITUTIONAL SHAREHOLDER INSTITUTIONAL SHAREHOLDERS INVESTOR PROTECTION JUDICIARY LARGE COMPANY LAWYERS LEGISLATION LIMITED LISTED COMPANIES MAJORITY VOTE MAJORITY VOTES MAJORITY VOTING MANAGERS MOTIVATIONS NATIONAL ASSOCIATION NUMBER OF SHAREHOLDERS PERFORMANCE MEASURES POLITICAL POWER PRIME MINISTER PRIVATE COMPANIES PROPRIETARY PROXY PROXY MATERIALS PROXY SEASON PROXY STATEMENTS PUBLIC COMPANIES PUBLIC DEBT REGULATORY REFORM SENATE SHARE OPTIONS SHAREHOLDER SHAREHOLDER APPROVAL SHAREHOLDER INTERESTS SHAREHOLDER MEETING SHAREHOLDER PROPOSALS SHAREHOLDER RESOLUTIONS SHAREHOLDER RIGHTS SHAREHOLDER VOTES SHAREHOLDER VOTING SHAREHOLDERS SOCIETY SPONSORS STAKEHOLDER STOCK EXCHANGE STOCK OPTIONS STOCKHOLDERS SUBSIDIARY TAKEOVER TAKEOVER THREATS TAKEOVERS TRANSITION ECONOMIES TRANSPARENCY UNION VETO
spellingShingle	ACCOUNTABILITY ANTITRUST LAW ARTICLES OF INCORPORATION AUDIT COMMITTEES AUTHORITY BANKS BOARD MEMBER BUSINESS COMMUNITY BUSINESS CORPORATION BUSINESS LAWYER BUSINESS SECTOR CAPITAL MARKETS CEO CEOS CHARTER COALITIONS COMMON LAW COMMON LAW SYSTEM COMPANY COMPENSATION PACKAGE COMPENSATION POLICIES COMPETITIVE ENTERPRISE CONFLICTS OF INTEREST CONGRESSMAN CONVENTIONAL WISDOM CORPORATE CONSTITUENCY CORPORATE CONTROL CORPORATE COUNSEL CORPORATE DIRECTORS CORPORATE FORM CORPORATE GOVERNANCE REFORM CORPORATE LAW CORPORATE MANAGERS CORPORATE PENSION CORPORATE POWER CORPORATIONS DECISION-MAKING DECISION-MAKING PROCESSES DELAWARE DELAWARE GENERAL CORPORATION LAW DISCRIMINATION EXCHANGE ACT FEDERAL LEGISLATION FIRMS FOREIGN COMPANIES FULL DISCLOSURE GLOBAL CORPORATE GOVERNANCE GOOD CORPORATE GOVERNANCE GOOD GOVERNANCE GOVERNANCE FAILURES GOVERNANCE GUIDELINES GOVERNANCE SYSTEM INCORPORATION INDIVIDUAL COMPANIES INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSTITUTIONAL SHAREHOLDER INSTITUTIONAL SHAREHOLDERS INVESTOR PROTECTION JUDICIARY LARGE COMPANY LAWYERS LEGISLATION LIMITED LISTED COMPANIES MAJORITY VOTE MAJORITY VOTES MAJORITY VOTING MANAGERS MOTIVATIONS NATIONAL ASSOCIATION NUMBER OF SHAREHOLDERS PERFORMANCE MEASURES POLITICAL POWER PRIME MINISTER PRIVATE COMPANIES PROPRIETARY PROXY PROXY MATERIALS PROXY SEASON PROXY STATEMENTS PUBLIC COMPANIES PUBLIC DEBT REGULATORY REFORM SENATE SHARE OPTIONS SHAREHOLDER SHAREHOLDER APPROVAL SHAREHOLDER INTERESTS SHAREHOLDER MEETING SHAREHOLDER PROPOSALS SHAREHOLDER RESOLUTIONS SHAREHOLDER RIGHTS SHAREHOLDER VOTES SHAREHOLDER VOTING SHAREHOLDERS SOCIETY SPONSORS STAKEHOLDER STOCK EXCHANGE STOCK OPTIONS STOCKHOLDERS SUBSIDIARY TAKEOVER TAKEOVER THREATS TAKEOVERS TRANSITION ECONOMIES TRANSPARENCY UNION VETO World Bank Corporate Governance : A North American Perspective
relation	Private Sector Opinion; No. 3
description	The recent wave of US corporate governance failures prompted a round of legal and regulatory reform which has attracted worldwide attention. The author's essay puts the debate into a wider context for the US. The missing link here is the rights of the shareholders in the US who have comparatively weaker rights than shareholders in some other countries, thereby making it difficult for shareholders to hold boards to account without prohibitive cost and effort. The message is that law and regulation must be seen to complement, and to facilitate market action, but not to substitute for it. That is a valuable insight from the author who is one of the world's most experienced and thoughtful corporate governance practitioners.
format	Publications & Research :: Brief
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Corporate Governance : A North American Perspective
title_short	Corporate Governance : A North American Perspective
title_full	Corporate Governance : A North American Perspective
title_fullStr	Corporate Governance : A North American Perspective
title_full_unstemmed	Corporate Governance : A North American Perspective
title_sort	corporate governance : a north american perspective
publisher	Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/05/7287395/corporate-governance-north-american-perspective http://hdl.handle.net/10986/11186
_version_	1764415832318803968

Corporate Governance : A North American Perspective

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