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...
| Main Authors: | , , , , , |
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| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2018
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/273311532463258916/Stress-testing-corporate-governance http://hdl.handle.net/10986/30206 |
| Summary: | 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. |
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