Summary of Governance and Risk

An Analytical Handbook for Investors, Managers, Directors & Stakeholders

McGraw-Hill, more...

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Governance and Risk book summary
Corporate governance has real financial impact — investors pay a premium for good governance and demand a discount for bad.


9 Overall

10 Applicability

8 Innovation

8 Style


This may be the most thorough and methodical exposition of corporate governance and risk management now available. It is hard to imagine a facet of the subject this book does not address. Sustainable development, cross-border governance issues, directors’ and officers’ insurance, theory, practice - it’s all here. The book does not aspire to be anything but comprehensive and factual. The section authors, each an expert in his or her subject, eschew any pretense of courting the reader with easy-to-read prose. They write not for the casual reader or the educated lay person, but for the professional with a consummate need to know the subject. That said, believes this book should be part of every major corporate or business school library; it will have a long shelf life.

In this summary, you will learn

  • How to analyze and understand the complex issues of corporate governance and risk; and
  • How corporate governance can create shareholder value.


Corporate Governance
Scholars identified the problem of "agency risk" (or "principle-agent-problem") in the 1930s. In the early years of the Industrial Revolution, ownership and management were often inseparable. Consider Andrew Carnegie, J.P. Morgan and Henry Ford ...
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About the Author

George S. Dallas is managing director and global practice leader of Standard & Poor’s Corporate Governance Services unit.

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