Stress Testing Corporate Governance

Sullivan, John D. ; Muis, Jules ; Montagnon, Peter ; Duverne, Denis ; Hashimi, Fuad ; Bertin, Marcos E.J.

International Finance Corporation, Washington, DC

关键词: CORPORATE GOVERNANCE;    ACCOUNTABILITY;    POLITICAL CONTEXT;    SYSTEMIC RISK;    SOCIAL IMPACT;   

RP-ID  :  128787

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This compendium looks at the developmentof corporate governance since the financial crisis and askswhether governance rules and practices have developed in away that positions companies better to address systemicrisk. The occurrence of spectacular corporate scandals sincethe crisis—Tesco, Toshiba, VW, and Wells Fargo, and the manyinstitutions affected by the LIBOR scandal—suggests that thegovernance lessons have not been learned, certainly notuniversally. So we ask,What more needs to be done? How caninvestors, regulators, and the concerned publics beassuredthat the board of directors is, in fact, practicing goodcorporate governance? This compendium look at stress-testinggovernance from several angles: systemic risk in thefinancial system, risk at the individual corporate level,and the differentiated challenge as exists between companieswith dispersed ownership, family ownership, controllingshareholders, and state ownership.