Publication:
New Corporate Governance in the Post-Crisis World

dc.contributor.authorHilb, Martin
dc.date.accessioned2012-08-13T14:07:51Z
dc.date.available2012-08-13T14:07:51Z
dc.date.issued2010-01
dc.description.abstractThe new corporate governance concept is articulating goes back to the roots of good corporate governance, which is the ability to act as a visionary and effective decision body, exerting both strategic leadership and control. It's also an invitation to think twice about the applicability of "best practices" in different legal contexts and business models. Arguably, despite some common features, the appropriate corporate governance of a family business company will differ from that of a large listed company. In addition, both the financial crisis and previous cases of large corporate failures have raised critical questions about the role of board directors in risk management. Are boards sufficiently equipped with the necessary knowledge, skills and expertise to provide the appropriate strategic vision and control function? The answer is certainly more complex and nuanced than it seems. Overly generalist boards may not grasp certain technicalities (with dreadful consequences), yet overly technical boards may completely miss the big picture.en
dc.identifierhttp://documents.worldbank.org/curated/en/2010/01/11900709/new-corporate-governance-post-crisis-world
dc.identifier.doi10.1596/11096
dc.identifier.urihttps://hdl.handle.net/10986/11096
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPrivate Sector Opinion; No. 16
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subjectBOARD MEETING
dc.subjectBOARD MEMBER
dc.subjectBOARD MEMBERS
dc.subjectBOARDS OF DIRECTORS
dc.subjectCEO
dc.subjectCOLLECTIVE
dc.subjectCOMPANY
dc.subjectCOMPENSATION PACKAGE
dc.subjectCOMPETITORS
dc.subjectCONSENSUS
dc.subjectCORPORATE CONTROL
dc.subjectCORPORATE FAILURES
dc.subjectCORPORATE GOVERNANCE FRAMEWORK
dc.subjectCORPORATE IMAGE
dc.subjectCORPORATE PERFORMANCE
dc.subjectCORPORATE SCANDALS
dc.subjectCORPORATE STRATEGY
dc.subjectCORPORATION
dc.subjectCORPORATIONS
dc.subjectCOST OF CAPITAL
dc.subjectDECISION-MAKING
dc.subjectDEMOGRAPHIC
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC REFORM
dc.subjectFAMILY BUSINESS
dc.subjectFINANCE CORPORATION
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFIRMS
dc.subjectGLOBAL CORPORATE GOVERNANCE
dc.subjectGLOBAL STANDARD
dc.subjectGOOD CORPORATE GOVERNANCE
dc.subjectGOOD GOVERNANCE
dc.subjectGOVERNANCE GUIDELINES
dc.subjectGOVERNANCE PRACTICE
dc.subjectGOVERNANCE PRACTICES
dc.subjectHUMAN RESOURCE
dc.subjectHUMAN RESOURCE MANAGEMENT
dc.subjectINCENTIVE STRUCTURE
dc.subjectINCOME
dc.subjectINDEPENDENCE REQUIREMENT
dc.subjectINDIVIDUALS
dc.subjectINTERESTS OF SHAREHOLDERS
dc.subjectINTERNAL AUDIT
dc.subjectINTERNAL CONTROL
dc.subjectINTERNATIONAL FINANCE
dc.subjectLARGE COMPANIES
dc.subjectLISTED COMPANIES
dc.subjectLISTED COMPANY
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMANAGERS
dc.subjectMOTIVATIONS
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPUBLIC COMPANIES
dc.subjectRATE [BOARD
dc.subjectREFORM PROGRAMS
dc.subjectREPUTATION
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT COMMITTEE
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDER VALUE
dc.subjectSHAREHOLDERS
dc.subjectSMALL COMPANIES
dc.subjectSMALL FIRMS
dc.subjectSOCIETY
dc.subjectSPONSORS
dc.subjectSTAKEHOLDER
dc.subjectSTAKEHOLDERS
dc.subjectSUBSIDIARY
dc.subjectTRANSITION ECONOMIES
dc.titleNew Corporate Governance in the Post-Crisis Worlden
dspace.entity.typePublication
okr.date.doiregistration2025-04-29T10:31:42.931449Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2010/01/11900709/new-corporate-governance-post-crisis-world
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid361041468339010968
okr.identifier.externaldocumentum000334955_20100305040647
okr.identifier.internaldocumentum11900709
okr.identifier.report53317
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/03/05/000334955_20100305040647/Rendered/PDF/533170BRI0GCGF10Box345607B01PUBLIC1.pdfen
okr.topicLaw and Development::Corporate Law
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicGovernance::National Governance
okr.topicPrivate Sector Development::Emerging Markets
okr.topicGovernance::Governance Indicators
okr.unitCOA Global Corp Governance Forum (COAGF)
okr.volume1 of 1
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