Corporate Governance

Dr. Vasant Raval is emeritus professor of accounting at Creighton University, Omaha, USA, where he served for over 37 years in various leadership roles and in active teaching, scholarship and service. Prior to his joining Creighton University in 1981, he was associate professor at the University of Windsor, Windsor, Ontario, Canada for six years. His career began as an inspector of income tax with the Government of India, with subsequent job positions in the Tariff Commission of the Government of India and finally, in private industry as a cost and management accountant in a complex textile mill that employed over 5,000 hourly workers in three shifts. Prior to his joining MBA degree program at Indiana State University in Terre Haute, Indiana, USA, in 1971, he had earned Bachelor of Commerce from the University of Mumbai and passed professional examinations leading to certification in management accountancy both from India and the United Kingdom. In 1972, he joined Indiana University’s Doctor of Business Administration (DBA) degree program an specialized in accountancy, organizational behavior, and management information systems. Dr. Raval served as a director and chair of the audit committee of the board at two public companies during 2004-2010 period. Combined with his academic pursuits, this led to opportunities for him to grow his insights into governance and contribute to the public domain. The experience combined with study of empirical literature on governance improved his insights and sharpened his ability to separate “wheat from chaff.” An author/co-author of three books and a monograph, he has published over 50 papers and contributed over 40 columns on two different themes, Information Ethics and, more recently, The (Professional) Practice where he co-authors with a professional leading edge practical insights on various topics. Whereas he taught a broad spectrum of courses over his academic tenure, his most recent offerings can be described as covering three domains: corporate governance, fraudulent financial reporting (and related ethical issues), and accounting information systems, including information security.

PART I Cornerstones CHAPTER 1 ■ Governance Matters CHAPTER 2 ■ Conceptual Foundations CHAPTER 3 ■ Governance and Risk CHAPTER 4 ■ Ethical Dimensions of Corporate Governance PART II Governance Roles and Structure CHAPTER 5 ■ Role Players in Corporate Governance CHAPTER 6 ■ The Board of Directors CHAPTER 7 ■ Shareholders CHAPTER 8 ■ Internal Auditing Function CHAPTER 9 ■ Financial Reporting and External Auditing PART III Governance in Action CHAPTER 10 ■ The Board in Action CHAPTER 11 ■ Management and the Board CHAPTER 12 ■ Shareholder Communication and Engagement CHAPTER 13 ■ Organizational Wrongdoing PART IV Other Topics CHAPTER 14 ■ Governance of Non-Public Organizations CHAPTER 15 ■ Horizons of Corporate Governance