Corporate Governance and Responsible Investment in Private Equity - Simon Witney

Corporate Governance and Responsible Investment in Private Equity

(Autor)

Buch | Hardcover
250 Seiten
2021
Cambridge University Press (Verlag)
978-1-108-48588-3 (ISBN)
124,70 inkl. MwSt
This examination of the private equity model is for academics, practitioners, and policymakers. Witney analyses the incentives and corporate governance practices of private equity-backed companies, which are increasingly important players in the global economy. Good governance, he argues, is a key success factor for the private equity industry.
Private equity-backed companies are ubiquitous and economically significant. Consequently, the corporate governance of these companies matters to all of us, and – not surprisingly – is coming under increasing scrutiny. Simon Witney, a practicing private equity lawyer, positions private equity portfolio companies within existing academic theory and examines the laws that apply to them in the UK. He analyses the actual governance frameworks that are put in place and identifies problems created by the legal rules – as well as the market's solutions to them. This book not only explains why these governance mechanisms are established, but also what they are expected to achieve. Witney suggests that private equity owners have both the incentives and the capability to focus on responsible investment practices. Good governance, he argues, is a critical success factor for the private equity industry.

Simon Witney, Visiting Professor in Practice at London School of Economics, has worked as a private equity lawyer for over 20 years. Simon completed his PhD in 2017, teaches private equity law at LSE and sits on the Council of the British Private Equity and Venture Capital Association. Simon's practice now focuses on regulation, company law and responsible investment in the private equity sector.

Introduction; Part I. How Should Private Equity Governance Systems Look?: 1. Mapping an analytical framework; 2. Private ordering in private equity and its implications; Part II. What Actually Happens?: 3. Agency cost mitigation; 4. Improving decision-making and protecting wider interests; Part III. Corporate Governance Regulation in the UK and Private Equity's Response: 5. The relevance of business judgement regulation; 6. Dealing with the duties to avoid and disclose conflicts of interest; 7. Rules affecting the exercise of power by shareholders and their nominated directors; 8. Recent corporate governance reforms, best practice codes and their impact; Part IV. How Governance Can Affect Corporate Performance: 9. How do academics explain private equity outperformance? 10. Improving governance to improve performance; Conclusion. Corporate governance and responsible investment; Bibliography; Index.

Erscheinungsdatum
Reihe/Serie International Corporate Law and Financial Market Regulation
Zusatzinfo Worked examples or Exercises
Verlagsort Cambridge
Sprache englisch
Maße 160 x 240 mm
Gewicht 600 g
Themenwelt Recht / Steuern EU / Internationales Recht
Recht / Steuern Wirtschaftsrecht
Wirtschaft Betriebswirtschaft / Management Finanzierung
ISBN-10 1-108-48588-X / 110848588X
ISBN-13 978-1-108-48588-3 / 9781108485883
Zustand Neuware
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