A primary purpose of this book is to provide as complete a picture of
the current state of corporate governance in the USA as I could. I find
numerous resources that discuss specific aspects of corporate governance, but few show the entire picture and how different components dovetail with each other. To represent the whole, I start with foundations of governance, identify players in the area, discuss the triad between shareholder, the board, and management, and determine key
issues in various aspects of corporate governance. For this, I had to
draw essential threads from the theory, regulatory requirements, empirical research, media coverage, and my own personal experience. Each of these sources has its limits.
This book integrates and illustrates. A variety of different concepts
are involved in governance, but how they relate to one’s role in
governance is missing or at best sketchy.
This book should prove to be a great resource for those who have
majored in one of the disciplines mentioned in the opening paragraph. If
you are a professional accountant, securities lawyer, economist, financial
analyst, or an auditor – to name a few – you will find the book helpful in
understanding the entire landscape of governance in a few short hours.
Anyone entering the ecosystem of corporate governance could use this
book as a guide to (1) develop insights, (2) become a proactive player in
governance, and (3) potentially make fewer errors in trudging through
issues and challenges as they surface.