Challenges in implementing corporate governance : whose business is it anyway?

261 Pages·2010·2.18 MB·English

by  Zinkin

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Advance Praise for
Challenges in Implementing Corporate Governance
Whose Business is it Anyway?
A must-read for directors of companies in Asia who want to make sure their compa-
nies are following best practice corporate governance standards. The book provides
guidance of where directors should start when beginning their directorships and also
is a helpful tool for the review process of how effective the Board is (or how the Board
can improve).
Angelina Kwan
Director and Chief Operating Offi cer,
Asia Pacifi c Region Cantor Fitzgerald LP
I think I have learned a lot more about corporate governance and its fundamental is-
sues reading this book. It is a good, comprehensive, and readable guide for directors
to understand the issues relating to corporate governance.
Dato Krishnan Tan
CEO
IJM Corporation Berhad
Challenges in Implementing Corporate Governance is the most defi nitive book on
corporate governance to date. John Zinkin challenges the norms on what defi nes
the Board of Directors. He not only redefi nes their responsibilities but also stresses
that board performance makes a difference to long-term business sustainability. The
author illustrates the challenges of implementing Western-style corporate governance
and why and how there is a need to go local in getting strategy and risk management
right, to managing change and talent. The book looks at how defective governance
implementation can destroy capital. This is a must-read for future and existing board
members who are serious about their “license to operate.”
Tay Kay Luan
Director, International Assignments
Association of Chartered Certifi ed Accountants
In this book, John Zinkin challenges us with questions like “Is business ethics an
oxymoron?” and provides answers to how a company can be run both responsibly
and successfully. It is the right message in these turbulent times after all the fi nancial
excesses of the past years. Challenges in Implementing Corporate Governance delivers
valuable advice for board members on their roles and responsibilities in order to carry
out their duties effectively, as well as how to avoid the most common pitfalls and man-
age risk successfully. A must-read book for any board representative.
Peter Vogt
CEO
Nestlé Malaysia
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CHALLENGES IN
IMPLEMENTING
CORPORATE
GOVERNANCE
WHOSE BUSINESS IS IT ANYWAY?
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CHALLENGES IN
IMPLEMENTING
CORPORATE
GOVERNANCE
WHOSE BUSINESS IS IT ANYWAY?
JOHN ZINKIN
John Wiley & Sons (Asia) Pte. Ltd.
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Copyright © 2010 John Wiley & Sons (Asia) Pte. Ltd.
Published in 2010 by John Wiley & Sons (Asia) Pte. Ltd.
2 Clementi Loop, #02–01, Singapore 129809
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to the subject matter covered. It is sold with the understanding that the publisher is not
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Neither the authors nor the publisher are liable for any actions prompted or caused by the
information presented in this book. Any views expressed herein are those of the authors
and do not represent the views of the organizations they work for.
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Library of Congress Cataloging-in-Publication Data
ISBN 978-0-470-82522-8
Typeset in 10.5/13 Sabon Roman by MPS Limited, A Macmillion Company, Chennai, India
Printed in Singapore by Saik Wah Press Pte. Ltd.
10 9 8 7 6 5 4 3 2 1
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CONTENTS
Foreword vii
Acknowledgments ix
Introduction xi
1 Do Western Codes of Corporate Governance
Apply in Asia? 1
2 What is the Business of Business? 21
3 The Role of the Board 41
4 The Role of Board Members 59
5 Why Boards Fail and How to Avoid Failure 81
6 From Good Governance to Good Results 111
7 Managing Risk 139
8 What We Measure and Reward 169
9 Saving Capitalism from the Capitalists 187
Appendices 209
Index 237
v
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