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Driven to the Brink Alicia Micklethwait

Driven to the Brink von Alicia Micklethwait

Driven to the Brink Alicia Micklethwait


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Zusammenfassung

A collection of stories about how inadequate governance and flawed culture caused massive destruction of shareholder value. In-depth case studies look at the Libor scandal, the Co-op, Kids Company and others, asking what have we learned and how to prevent these disasters in future. It also looks at Corporate China and the Lixel and Glaxo frauds.

Driven to the Brink Zusammenfassung

Driven to the Brink: Why Corporate Governance, Board Leadership and Culture Matter Alicia Micklethwait

Driven to the Brinkis a collection of short stories about corporate disasters and how inadequate governance and flawed culture caused a massive destruction of shareholder value.

Look at any major corporate meltdown and two factors emerge: a failure of corporate governance and a culture where short-termism and greed are rewarded and risk is encouraged to flourish unchecked.

Two years before the latest crash, Alicia Micklethwait co-wrote the best-sellingGreed and CorporateFailurewhich examined some of the high profile corporate disasters of the early years of the 21st century. Sadly those lessons were forgotten. Companies have continued to beDriven to the Brink of disaster.

Now, with co-author Patty Dimond, they examine what we must learn this time around. Drawing on in-depth case studies of the Libor scandal, Olympus, Co-op, Kids Company and others, Dimond and Micklethwait ask what have we learned and more importantly, what can we do to prevent these disasters from happening again?

They also examine the large, emerging and less widely understood world of Corporate China with detailed discussion of the Lixel and Glaxo frauds.On a positive note, staying with China, they look at the story of Alibaba and ask is an ethical culture enough to protect shareholder rights?

Über Alicia Micklethwait

Alicia Micklethwait is a graduate of the University of Oxford, a member of the Chartered Institute of Management Accountants and has an MBA from IMD. She is CFO of a technology start-up company and has held senior accounting and commercial positions in multinational manufacturing companies in London and Brussels. Alicia has taught accounting and finance at several European business schools and in China and co-wroteGreed and Corporate Failuretogether with Professor Stewart Hamilton.

Patricia Dimond has 25+ years of board level experience in consumer markets in London, Geneva, New York and Toronto andis a McKinsey Alumni. She is currently involved in early stage Investment and fund management.Sheis a CFA,a member of the Instituteof Chartered FinancialAnalysts, andhas served on theBoard of the Swiss CFA society.Patty graduated from Canadas Richard Ivy School of Business, with an HBA and has an MBA from IMD, Switzerland. She qualified as a chartered accountant (CA) workingwith Deloitte Haskins and Sells.

Inhaltsverzeichnis

Foreword.- 1. Introduction.- 2.Enron: creation to boom and bust: (b)1985 (d)2001.- 3. The Banking Crisis: born of dreams fueled with bad behaviours.- 4.Global Banking: will the scandals ever end?.- 5.Olympus: management was corrupt at its core.- 6. The Co-operative: CEO resigns amid turmoil and calls for reform.- 7. Kids Company: passion overruled reason.- 8. China: land of opportunity but beware of landmines.- 9.Alibaba: largest e-tailer on the globe, a mere 15 years on.- 10.Conclusion

Zusätzliche Informationen

GOR008835400
9781137590510
1137590513
Driven to the Brink: Why Corporate Governance, Board Leadership and Culture Matter Alicia Micklethwait
Gebraucht - Wie Neu
Gebundene Ausgabe
Palgrave Macmillan
2017-03-27
244
N/A
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