A blueprint for corporate governance: strategy, by Fred R. Kaen

By Fred R. Kaen

Fresh occasions have grew to become the highlight at the factor of company responsibility -- specifically by way of holding shareholder price. within the smooth company, non-owners more often than not deal with day by day operations, and their judgements have a right away effect at the company's total price. yet what can administration do to definitely influence percentage fee and safeguard shareholder funding?

A Blueprint for company Governance is exclusive in that it addresses shareholder price from a managerial viewpoint. this significant e-book covers all crucial company governance concerns from this perspective, offering unique info and insights on:

* modern asset pricing versions, and the way they could aid managers verify optimum returns on shareholder cash * monetary buildings and dividend regulations designed to strengthen shareholder pursuits * tools for executives, managers and forums of administrators to paintings as one to reinforce and elevate shareholder price.

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Extra resources for A blueprint for corporate governance: strategy, accountability, and the preservation of shareholder value

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Georgia-Pacific is transforming our business portfolio to improve investor returns. . While total shareholder returns for the 1990s were better than most in the industry, they still fell short of broad equity market returns. . This convinced us that something had to change. This Georgia-Pacific objective takes us to our next topic: stock prices and stock markets. CHAPTER 3 MARKETS: CAN YOU TRUST THEM? INTRODUCTION H ow do managers know whether they are managing the company in the best interests of the owners?

Thus, an individual’s percentage ownership in any one company is trivial, meaning that the individual acting alone has no chance whatsoever of influencing management. If you own stock in Dell and you don’t like the way Dell’s management is running the company, you basically have two choices: sell the stock or wait and hope that something happens that will change the situation. S. S. S. Government Printing Office, 2001). THE GOVERNANCE STRUCTURE OF AMERICAN CORPORATIONS 21 One possible change agent would be institutional investors.

So, the potential exists for managers to make a small fortune by taking advantage of this informational asymmetry. This poses a serious problem for governance and for regulation of financial markets. If public investors believe that managers and other insiders will take advantage of their privileged information, these investors will be reluctant to invest in the company or will do so only at a highly discounted price. In effect, if this happens, investors can no longer assume that market prices represent the true value of the company.

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