Recent examples of massive corporate failures, such as Enron, have highlighted the need to reform corporate governance at an international level. The importance of effective corporate governance for corporate success, as well as for social welfare, cannot be overstated. Corporate Governance and Accountability has been written to provide readers with an up-to-date summary of both theory and practice in the area. This book includes features which: provide a full discussion of corporate governance issues taking the broadest view of the corporate governance agenda; draw on the extensive and original research carried out by the authors and demonstrates the close relationship between academic research and professional practice; contain numerous contemporary illustrations and case studies, including a chapter dedicated to the collapse of Enron; focus on the relevance of corporate governance reform throughout the world; highlight the importance of corporate social responsibility to companies and institutional investors from a corporate governance perspective; and include an appendix containing the Combined Code on Corporate Governance issued by the Financial Reporting Council in July 2003. Corporate Governance and Accountability has been written as a core textbook for students taking undergraduate and MBA courses in corporate governance and corporate social responsibility.