Stress Testing Corporate Governance

This compendium looks at the development of corporate governance since the financial crisis and asks whether governance rules and practices have developed in a way that positions companies better to address systemic risk. The occurrence of spectacu...

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Main Authors: Sullivan, John D., Muis, Jules, Montagnon, Peter, Duverne, Denis, Hashimi, Fuad, Bertin, Marcos E.J.
Format: Brief
Language:English
Published: International Finance Corporation, Washington, DC 2018
Subjects:
Online Access:http://documents.worldbank.org/curated/en/273311532463258916/Stress-testing-corporate-governance
http://hdl.handle.net/10986/30206
id okr-10986-30206
recordtype oai_dc
spelling okr-10986-302062021-05-25T10:54:39Z Stress Testing Corporate Governance Sullivan, John D. Muis, Jules Montagnon, Peter Duverne, Denis Hashimi, Fuad Bertin, Marcos E.J. CORPORATE GOVERNANCE ACCOUNTABILITY POLITICAL CONTEXT SYSTEMIC RISK SOCIAL IMPACT CHECKS AND BALANCES DISCLOSURE REPORTING BOARD OF DIRECTORS WHISTLEBLOWING GENDER DIVERSITY SECURITIES REGULATION This compendium looks at the development of corporate governance since the financial crisis and asks whether governance rules and practices have developed in a way that positions companies better to address systemic risk. The occurrence of spectacular corporate scandals since the crisis—Tesco, Toshiba, VW, and Wells Fargo, and the many institutions affected by the LIBOR scandal—suggests that the governance lessons have not been learned, certainly not universally. So we ask,What more needs to be done? How can investors, regulators, and the concerned publics beassured that the board of directors is, in fact, practicing good corporate governance? This compendium look at stress-testing governance from several angles: systemic risk in the financial system, risk at the individual corporate level, and the differentiated challenge as exists between companies with dispersed ownership, family ownership, controlling shareholders, and state ownership. 2018-08-14T16:33:26Z 2018-08-14T16:33:26Z 2018 Brief http://documents.worldbank.org/curated/en/273311532463258916/Stress-testing-corporate-governance http://hdl.handle.net/10986/30206 English Private Sector Opinion;No. 41 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Brief
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic CORPORATE GOVERNANCE
ACCOUNTABILITY
POLITICAL CONTEXT
SYSTEMIC RISK
SOCIAL IMPACT
CHECKS AND BALANCES
DISCLOSURE
REPORTING
BOARD OF DIRECTORS
WHISTLEBLOWING
GENDER DIVERSITY
SECURITIES REGULATION
spellingShingle CORPORATE GOVERNANCE
ACCOUNTABILITY
POLITICAL CONTEXT
SYSTEMIC RISK
SOCIAL IMPACT
CHECKS AND BALANCES
DISCLOSURE
REPORTING
BOARD OF DIRECTORS
WHISTLEBLOWING
GENDER DIVERSITY
SECURITIES REGULATION
Sullivan, John D.
Muis, Jules
Montagnon, Peter
Duverne, Denis
Hashimi, Fuad
Bertin, Marcos E.J.
Stress Testing Corporate Governance
relation Private Sector Opinion;No. 41
description This compendium looks at the development of corporate governance since the financial crisis and asks whether governance rules and practices have developed in a way that positions companies better to address systemic risk. The occurrence of spectacular corporate scandals since the crisis—Tesco, Toshiba, VW, and Wells Fargo, and the many institutions affected by the LIBOR scandal—suggests that the governance lessons have not been learned, certainly not universally. So we ask,What more needs to be done? How can investors, regulators, and the concerned publics beassured that the board of directors is, in fact, practicing good corporate governance? This compendium look at stress-testing governance from several angles: systemic risk in the financial system, risk at the individual corporate level, and the differentiated challenge as exists between companies with dispersed ownership, family ownership, controlling shareholders, and state ownership.
format Brief
author Sullivan, John D.
Muis, Jules
Montagnon, Peter
Duverne, Denis
Hashimi, Fuad
Bertin, Marcos E.J.
author_facet Sullivan, John D.
Muis, Jules
Montagnon, Peter
Duverne, Denis
Hashimi, Fuad
Bertin, Marcos E.J.
author_sort Sullivan, John D.
title Stress Testing Corporate Governance
title_short Stress Testing Corporate Governance
title_full Stress Testing Corporate Governance
title_fullStr Stress Testing Corporate Governance
title_full_unstemmed Stress Testing Corporate Governance
title_sort stress testing corporate governance
publisher International Finance Corporation, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/273311532463258916/Stress-testing-corporate-governance
http://hdl.handle.net/10986/30206
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