Chapter 12
Looking Out for You, Dear Shareholder
Why Corporate Governance Often Fails and How to Fix It
In This Chapter
- What’s all the governance fuss about?
- What does effective governance buy you?
- Outside the United States, owners, not managers, should be monitored.
- How good are the governance scorers?
- The corporate board: more kitchen cabinet and less team of rivals.
The two media giants Time Warner and News Corporation can be compared on many dimensions—market capitalization, profitability, number of employees, or customer reach—but can you tell which aspect of these companies is revealed by the indicators shown in table 12-1?1
It’s the strength of corporate governance, of course. Consider each indicator: neither company has poison pills ...
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