International Corporate Governance After Sarbanes-Oxley (eBook)

Paul U. Ali is an Associate-Professor in the Faculty of Law, University of New South Wales, Sydney, Australia. Paul was previously a lawyer in Sydney, specialising in corporate finance, securitization and structured finance. He was part of the corporate advisory team that advised the Australian Mutual Provident Society, the largest Australian life company, on its demutualization and the reconstruction of its group, and the IPO of a new holding company, AMP Limited, on the Australian and New Zealand Stock Exchanges in 1998 (the then largest IPO ever in Australia). Paul has published several books and articles, including articles on finance law in Derivatives Use, Trading and Regulation, Journal of Alternative Investments, Journal of Banking Regulation and Journal of International Banking Law and Regulation, and, most recently, has co-edited a book on innovative securitizations (Securitisation of Derivatives and Alternative Asset Classes, 2005). He holds a SJD from the University of Sydney. Greg N. Gregoriou is Associate Professor of Finance and coordinator of faculty research in the School of Business and Economics at State University of New York, College at Plattsburgh. He obtained his PhD (Finance) from the University of Quebec at Montreal and is the hedge fund editor for the peer-reviewed journal Derivatives Use, Trading and Regulation published by Henry Stewart Publications based in the U.K. He has authored over 40 articles on hedge funds, and managed futures in various US and UK peer-reviewed publications, including the Journal of Futures Markets, European Journal of Finance, Journal of Asset Management, European Journal of Operational Research, and Annals of Operations Research. This is his fourth book with John Wiley & Sons.

Preface.

Acknowledgments.

About the Editors.

About the Authors.

PART ONE: FRAMEWORK OF CORPORATE GOVERNANCE.

Chapter 1. The Ethics of Corporate Governance: What would
the Political Philosophers Say? (Colin Read).

Chapter 2. The Politics of Symbolism: Sarbanes-Oxley in Context
(Justin O'Brien).

Chapter 3. Governance and Performance Revisited
(Øyvind Bøhren and Bernt Arne Ødegaard).

Chapter 4. Corporate Governance as a Process Oriented
Approach to Socially Responsible Organizations (Marijan
Cingula).

Chapter 5. The Impact of the New Corporate Governance Code
on the Belgian Stock Market (Albert Corhay, Andree Dighaye and
Pierre-Armand Michel).

PART TWO: CORPORATE GOVERNANCE AND THE GLOBAL FINANCIAL
MARKETS.

Chapter 6. Corporate Governance of Hedge Funds (Robert
Christopherson, Greg N. Gregoriou and William R. Kelting).

Chapter 7. Corporate Governance Reform in Australia: The
Intersection of Investment Fiduciaries and Issuers (Martin
Gold).

Chapter 8. Corporate Social Responsibility and Fiduciary
Investment in Australia (Paul U. Ali).

Chapter 9. Issuers' Liability for Financial
Information as an Instrument of Corporate Governance Enforcement
(Clemens Völkl).

Chapter 10. Investing in Death/Speculating on Mortality:
Some Thoughts on Life Insurance Securitization (Paul U. Ali).

PART THREE: SHARE OWNERSHIP AND SHAREHOLDER CONTROL RIGHTS.

Chapter 11. Ownership Structure Metrics (Stefan Prigge and
Sven Kehren).

Chapter 12. The Effectiveness of Shareholders Meetings: An
Overview of Recent Developments (Gregory F. Maassen and Darrell
Brown).

Chapter 13. The Market for Corporate Control and the
Implications of the Takeover Directive (2004/25) (Blanaid
Clarke).

PART FOUR: ACCOUNTABILITY OF DIRECTORS AND EXECUTIVES.

Chapter 14. Board Power Relations and the Impact of the
UK's Combined Code on Corporate Governance (Timothy J.
Nichol).

Chapter 15. CEO Compensation in Australia's Largest
Companies (Geof Stapledon).

Chapter 16. Directors' and Officers' Liability in
France (Alain-Xavier Briatte and Michael Julian).

Chapter 17. Independent Directorship Systems in Greater
China (Margaret Wang).

PART FIVE: RESPONSIBILITIES TO STAKEHOLDERS, AND OTHER EMERGING
TRENDS IN CORPORATE GOVERNANCE.

Chapter 18. The Primary Stakeholder Relationships: Corporate
Governance and Value Creation (Andrea Beretta Zanoni).

Chapter 19. Family Ownership and Corporate Governance
(María Sacristán-Navarro and Silvia
Gómez-Ansón).

Chapter 20. The European Social Model of Corporate Governance:
Prospects for Success in an Enlarged Europe (Irene Lynch
Fannon).

Chapter 21. Contract Negotiation and Internal Regulation
Mechanisms in a Firm (Hubert de La Bruslerie).

Chapter 22. Prospects and Limits of Corporate Governance
Codes (Björn Fasterling).

Chapter 23. Assessing the Effectiveness of Boards of
Directors and Individual Directors (Richard Leblanc).

References.

Index.