Driven to the brink : why corporate governance, board leadership and culture matter /
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| Main Authors: | , |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
London :
Palgrave Macmillan,
[2017]
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| Subjects: | |
| Online Access: | Connect to this title online (one simultaneous user allowed) |
Table of Contents:
- Foreword; Acknowledgements; Contents; About the Authors; Praise for Driven to the Brink ; 1: Introduction; Companies Do not Fail, Corporate Boards and¡Leadership Teams Do; Independent Thinking is the¡Greatest Value the¡Board can Add; The Trouble with¡Dominant CEOs; Board Oversees Strategy and¡Risk; A Slovenly Approach to¡Risk Management is a¡Common Theme; Board Oversees Culture: Culture Defines Leadership; A Productive Ethical Culture must be¡Part of¡a¡Risk-Management Strategy; The Stories that Follow; 2: Enron: Launch to¡Boom and¡Bust, 1985-2001
- The Creation of¡Enron and¡Its First Ten Years Introducing the¡Dream Team...?; And then there was¡the¡Board; The Enron Culture: 'Rank or Yank'; Global Energy Provider and¡Trader to¡Ponzi Scheme, 1994-2001; The Most Creative Financial Officer of¡the¡Year: Where there is Smoke there is Fire.; Going Off-Balance Sheet; The Beginning of¡the¡End; The Powers Committee Post-Mortem; Ineffectual Board Oversight: Failure in¡Strategy, Risk Management and¡Culture; A Few Selected Highlights from¡the¡Enron Story; 3: The Banking Crisis: Born of¡Dreams, Fuelled by Bad Behaviours
- 'The Blood of¡the¡Global Economy has Begun to¡Freeze Right from¡its Heart-The United States' The Pursuit of¡Happiness: Let the¡Good Times¡Roll; Cracks Began to¡Form: The¡Unravelling; The Aftermath; Crisis in¡the¡UK Started with¡the¡'Run on¡the¡Rock'; London's Financial Markets Transformed Through 'Big Bang'; The Good Times in¡the¡UK; The Unravelling in¡the¡UK; The Aftermath in¡the¡UK; Canada: Obama Adviser Looks to¡Canada's Financial System34; The Good Times in¡Canada; Canada: Tripped but did not Fall; So What did We¡Learn from¡this GLOBAL Crisis: Highlights of¡Regulatory Reform
- What Role did Inadequate Corporate Governance and¡Flawed Culture Play? A Productive, Ethical Culture must be¡Part of¡a¡Risk Management Strategy; Moving Forward; A Few Selected Highlights from¡the¡Banking Crisis Story; 4: Global Banking: Will the¡Scandals Never End?; Libor: Rigging Interest Rates on¡a¡Grand Scale; Early Days of¡Libor; Credit Ratings Encouraged Banks to¡Lowball Submissions; Rigging Rates for¡Personal Profit; Regulators Moved In; New Scandal Emerges Hard on¡the¡Heels of¡Libor: FX Manipulation; 'The 3 Musketeers' and¡'the Cartell' Formed to¡Manipulate the¡Fix
- Out in¡the¡Open Where were the¡Systems and¡Controls to¡Prevent this?; 'When Bankers Become Detached from¡End-ƯUsers, Their only Reward Becomes Money' ; Perverse Incentives; Amoral Focus on¡Profit; When Bad Behaviour is Ignored it will Become Entrenched; A Few Selected Highlights from¡the¡Global Banking Story; 5: Olympus: Management was¡Corrupt at¡Its Core; Early Days; Appreciation of¡the¡Yen Led to¡Financial Engineering; Hiding Losses in¡Tokkin; Tobashi: 'Flying Away'; Final Leg of¡Tobashi Scheme: Three Small Companies; Gyrus Acquisition: Record-Breaking Advisory¡Fees