References

Alchian, A. A., & Demsetz, H. (1972). Production, information costs, and economic organization. American Economic Review, 62, 777–795.

American Bar Association. (2004). Corporate director’s guidebook (4th ed.). Committee on Corporate Laws, ABA Section of Business Law. Chicago: American Bar Association.

American Law Institute. (1994). Principles of corporate governance: Analysis and recommendations. Philadelphia: Author.

Bainbridge, S. M. (1993). In defense of the shareholder wealth maximization norm: A reply to Professor Green. Washington and Lee Law Review, 50, 1423.

Barrington, L. (2000). Business, government and civil society—Working together for a better world. Asian Review of Public Administration, 12(1).

Bart, C. (2004). The governance role of the board in corporate strategy: An initial progress report. International Journal of Business Governance and Ethics, 1(2/3), 111–125.

Bebchuk, L. (2007, May). The myth of the shareholder franchise. Virginia Law Review, 93(3), 675.

Berle, A. A., Jr., & Means, G. C. (1932). The modern corporation and private property. New York: Commerce Clearing House.

Bernstein, A. (December 2007–January 2008). Lipton vs. Bebchuck. Directorship, 33(6), 20–25.

Bird, A., Buchanan, R., & Rogers, P. (2004). The seven habits of an effective board. European Business Journal, 16(3), 128–132.

Bradley, M., Schipani, C. A., Sundaram, A. K., & Walsh, J. P. (1999). The purposes and accountability of the corporation in contemporary society: Corporate governance at a crossroads. Law and Contemporary Problems, 62(3), 9–86.

Brancato, C., & Plath, C. (2004). Corporate governance best practices: A blueprint for the post-Enron era. New York: The Conference Board.

Buffett, W. (1993). Annual letter to Berkshire Hathaway shareholders. Available from Berkshire Hathaway Corporation.

Business Roundtable. (2005). Principles of governance and American competitiveness. Washington, DC: Author.

Carey, D. C., & Patsalos-Fox, M. (2006). Shaping strategy from the boardroom. McKinsey Quarterly, 3, 90–94.

Carter, C. B., & Lorsch, J. W. (2004). Back to the drawing board—Designing corporate boards for a complex world. Boston: Harvard Business School Press.

Carver, J. (2007, November). The promise of governance theory: Beyond codes and best practices. Corporate Governance, 15(6), 1030–1037.

Charan, R. (2005). Ending the CEO succession crisis. Harvard Business Review, 83(2), 72–81.

Coffee, J. C., Jr. (2002). Understanding Enron: It’s about the gatekeepers, stupid (Columbia Law and Economics, Working Paper No. 207). Business Law, 57, 1403.

Coffee, J. C., Jr. (2003a). Corporate gatekeepers: Their past, present, and future. (Duke Law School, Working Paper No. 7). Duke Law Journal, 7.

Coffee, J. C., Jr. (2003b). What caused Enron? A capsule social and economic history of the 1990s (Columbia University Law School, Working Paper No. 214).

Coggin, P. (2004, October 18). Big investors want SRI research: European institutions to allocate part of brokers’ fees to “nontraditional” information. Financial Times (UK).

Coombes, P., & Wong, S. C.-Y. (2004). Chairman and CEO—one job or two? McKinsey Quarterly, 2, 42–47.

Crystal, G. (1992, January 21). SEC to push for data on pay of executives. Wall Street Journal, A-3.

Dashboards in the boardroom. (2006, October). Directorship, 32(9), 23–26.

Davis, I. (2006, November 1). Maximizing shareholder value doesn’t cut it anymore. Knowledge@Wharton.

Dodd, M. E. (1932). For whom are corporate managers trustees. Harvard Law Review, 45, 1145–1163.

Drucker, P. F. (1974). Management: Tasks, responsibilities, and practices (Abridged and Rev. ed.). Oxford, UK: Butterworth-Heineman.

Easterbrook, F. H., & Fischel, D. R. (1991). The economic structure of corporate law. Cambridge, MA: Harvard University Press.

Edwards, F. R. (2003, October 30–November 1). U.S. corporate governance: What went wrong and can it be fixed? Paper prepared for the B.I.S. and Federal Reserve Bank of Chicago conference, “Market Discipline: The Evidence across Countries and Industries,” Chicago.

Ellsworth, R. R. (2002). Leading with purpose: The new corporate realities. Stanford, CA: Stanford University Press.

Environmental Finance. (2007, August 16). Pressure grows on U.S. companies to act on climate. Environmental Finance Magazine.

Equilar. (2008). 2008 CD&A overview report. Red Shores, CA: Author.

European Corporate Governance Institute. (1992). Report of the committee on the financial aspects of corporate governance. Brussels, Belgium: Author.

Fama, E. (1988). Agency problems and the theory of the firm. Journal of Political Economy, 88, 288, 291–293.

Fama, E. F., & Jensen, M. C. (1983a). Agency problems and residual claims. Journal of Law and Economics, 26, 325–344.

Fama, E. F., & Jensen, M. C. (1983b). Separation of ownership and control. Journal of Law and Economics, 26(2), 301–325.

Favole, J. A. (2007, January 10). Big firms increasingly declassify boards. Wall Street Journal, Eastern Edition.

Felton, R., & Fritz, P. (2005). The view from the boardroom: Value and performance [Special issue]. McKinsey Quarterly, 48–61.

Freeman, R. E. (1984). Strategic management: A stakeholder approach. Boston: Pitman.

Freeman, R. E., & McVea, J. (2001). A stakeholder approach to strategic management. In M. Hitt, E. Freeman, & J. Harrison (Eds.), Handbook of strategic management (pp. 189–207). Oxford: Blackwell.

Friedman, M. (1970, September 13). The social responsibility of business is to increase profits. New York Times Magazine, 32–33, 122, 124, 126.

Gillan & Martin. (2002). Financial engineering, corporate governance, and the collapse of Enron. WP 2002-001, Center for Corporate Governance, University of Delaware.

Gillies, J. (1992). Boardroom renaissance. Toronto: McGraw-Hill Ryerson and the National Centre for Management Research and Development.

Gordon, J. N. (2003). What Enron means for the management and control of the modern corporation: Some initial reflections. University of Chicago Law Review, 69(3), 1233–1251.

Hall & Murphy. (2002). Stock options for undiversified executives. Journal of Accounting and Economics, 3, 42.

Hansen, P. (1993, August). The duty of care, the business judgment rules, and the American Law Institute Corporate Governance Project. Business Lawyer, 48, 1355–1359.

Hawley, J. P., & Williams, A. T. (2001). The rise of fiduciary capitalism in the United States. Philadelphia: University of Pennsylvania Press.

Heidrick & Struggles. (2006). The board of directors’ role in CEO succession, Q & A with Heidrick & Struggles. In Building high-performance boards. Chicago: Author.

Hinsey, J. (2006) Corporate governance activists are headed in the wrong direction. Working Knowledge, Harvard Business School.

Holland, K. (2005, May). Review of the book Corporate governance: Law, theory and policy. Law and Politics Book Review, 15(5), 444–448.

Ide, R. W. (2003). Post-Enron corporate governance opportunities—Creating a culture of greater board collaboration and oversight. Mercer Law Review, 54(3), 838.

Institute of Internal Auditors. (2006). The audit committee—purpose, process, professionalism. Altamonte Springs, FL: Author.

Institutional Shareholder Services. (2006). Corporate governance: From compliance obligation to business imperative. Global Institutional Investor Study. Rockville, MD: Author.

Jensen, M. C. (2001). Value maximization, stakeholder theory, and the corporate objective function. European Financial Management Review, 7(3), 297–317.

Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3, 305–360.

Jones, D. E. (2007). Corporate crisis: The readiness is all. Heidrick & Struggles Governance Letter. Chicago: Heidrick & Struggles.

Joo, T. W. (Ed.). (2004). Corporate governance: Law, theory and policy. Durham, NC: Carolina Academic Press.

Kaldor, M., Anheier, H., & Glasius, M. (2003). Global civil society in an era of regressive globalisation. In M. Kaldor, H. Anheier, & M. Glasius (Eds.), Global civil society 2003 (pp. 3–33). Oxford: Oxford University Press.

Keinath, A. K., & Walo, J. C. (2004, November 23). Audit committee responsibilities: Focusing on oversight, open communication, and best practices. The CPA Journal, 74(11), 22–29.

Khurana, R., & Cohn, J. (2003, Spring). How to succeed at CEO Succession: Aligning strategy and succession. Directorship, 29(5), 7–11.

Khurana, R., & Pick, K. (2005). The social nature of boards. Brooklyn Law Review, 70(3), 1259–1285.

Klein, W. A. (1982). The modern business organization: Bargaining under constraints. Yale Law Review, 91, 1521.

Kleinman, B., & Thompson, G. L. (2002). Corporate responsibility: The board of directors’ duty of oversight, Parts I and II. Dallas, TX: Haynes and Boone.

de Kluyver, C. A., & Pearce, J. A., II (2009). Strategy: A view from the top (3rd ed.). Upper Saddle River, NJ: Prentice Hall.

Korn/Ferry International. (2007). 33rd annual board of directors study. Los Angeles: Author.

Leighton, D. S. R., & Thain, D. H. (1997). Making boards work. Whitby, Ontario: McGraw-Hill Ryerson.

Lindstrom, D. (2008). Enron scandal. Microsoft® Encarta® Online Encyclopedia.

Lipton, M., & Savitt, W. (2007, May). The many myths of Lucian Bebchuk. Virginia Law Review, 93(3), 733.

Lorsch, J. (1995, January–February). Empowering the board. Harvard Business Review, 73(1), 107–117.

Lorsch, J. (with MacIver, E.). (1989). Pawns and potentates—The reality of America’s corporate boards. Watertown, MA: Harvard Business School Press.

Lucier, C., Kocourek, P., & Habbel, R. (2006). CEO succession 2005—The crest of the wave. Strategy and Business (Booz Allen Hamilton), 43.

Macavoy, P. W., & Milstein, I. (2003). The recurrent crisis in corporate governance. New York: Palgrave Macmillan.

Mace, M. (1971). Directors: Myth and reality. Boston: Division of Research, Harvard Business School.

Martin, R. (2003). The coming corporate revolt. Compass, The Center for Public Leadership, John F. Kennedy School of Government, Harvard University.

Matheson, J. H., & Olson, B. A. (1992). Corporate law and the long term shareholder model of corporate governance. Minnesota Law Review, 76, 1313–1391.

McCarroll, T. (1992, May 4). The shareholders strike back: Executive pay. Time, 46–48.

MCI, Inc. (2008). Microsoft® Encarta® Online Encyclopedia.

McKinsey & Company. (2006, March). What directors know about their companies: A McKinsey Survey.

McTaggart, J., Kontes, P., & Mankins, M. (1994). The value imperative—Managing for superior shareholder value. New York: Free Press.

Mercer Delta Consulting. (2006). Mercer Delta 2006 governance survey. New York: Author.

Millstein, I. M., Gregory, H. J., & Grapsas, R. C. (2006, January). Six priorities for boards in 2006. Weil Briefing: Corporate Governance. New York: Wel, Gotsal & Manges.

Monks, R. A. G. (2005, March). Corporate governance—USA—fall 2004 reform—the wrong way and the right way. Corporate Governance, 13(2), 108.

Morgan Lewis Counselors at Law. (2004). Corporate governance: An overview of recently adopted reforms. Washington, DC: Author.

Nadler, D. (2004). What’s the board’s role in strategy development? Engaging the board in corporate strategy. Strategy and Leadership, 32(5), 25–33.

Nadler, D., Behan, B., & Nadler, M. B. (2006). Building better boards: A blueprint for effective governance. San Francisco: Jossey-Bass.

Nash, J. (2008, March 28). CEO pay: Performance-based bonuses down, discretionary bonuses up in ’07. Financial Week.

National Association of Corporate Directors (NACD) in collaboration with Mercer Delta Consulting. (2006). The role of the board in CEO succession. Washington, DC, and New York: Author.

Petra, S. T. (2006). Corporate governance reforms: Fact or fiction. Corporate Governance, 6(2), 107–115.

PricewaterhouseCoopers. (April 2007). Convergence of IFRS and US GAAP. New York: Author.

Reason. (2005, October). Print edition.

Redefining the role of the chairman of the board. (2002, December 18). Knowledge@Wharton.

Rérolle, J.-F., & Vermeire, T. (2005, April 29). M&A best practices for boards of directors. From Houlihan, Lokey, Howard, & Zukin, Corporate Board Member Magazine, M&A /Capital Markets.

Rivero, J. C., & Nadler, D. A. (2003). Building a valuable relationship between CEOs and their boards. Mercer Management Journal.

Rochlin, S. (2006). The new laws for business success. Corporate Citizen.

Romano, R. (1994). Politics and pension funds. New York: The Manhattan Institute.

Rose, N. & Wolfram, C. (2002). Regulating executive pay: Using the tax code to influence chief executive officer compensation. Journal of Labor Economics, 20(2), S138–S175.

Salwen, K. G. (1992, February 14). Shareholder groups cheer SEC’s moves on disclosure of executive compensation. Wall Street Journal, p. A-4.

Saxby, J., & Schacter, M. (2003). Civil society and public governance. Getting a fix on legitimacy. Ottawa: Conference Board of Canada.

Spencer Stuart. (2007). Spencer Stuart board index 2007. New York: Author.

Spencer Stuart, Board Services Practice. (2008). Cornerstone of the board—the nonexecutive chairman: Offering new solutions. New York: Author.

Splitting up the roles of CEO and chairman: Reform or red herring? (2004, June 2). Knowledge@Wharton.

Springer, J. D. (1999). Corporate law and constituency statutes: Hollow hopes and false fears. New York University Annual Survey American Law, 122.

The state of the corporate board, 2007. (April 2007). A McKinsey global survey, McKinsey Quarterly.

Stewart, J. K., & Countryman, A. (2002, February 24). Local audit conflicts add up: Consulting deals, hiring practices in question. Chicago Tribune, p. C-1.

Sundaram, A. K., & Inkpen, A. C. (2004, May–June). The corporate objective revisited. Organization Science, 15(3), 350–363.

Thornton, E. (2002, January 14). The bids sure are getting hostile: Unsolicited offers are on the rise in a market ripe for consolidation. Business Week.

United Nations Conference on Trade and Development (UNCTAD). (2004). The shift towards services. World Investment Report 2004. Geneva: Author.

Waller, Lansden, Dortch, & Davis, LLP. (2005, June 24). The board’s role in risk management. Corporate Board Member Magazine.

Wood, D. (2005). Red flags in management culture, strategies, and practices. National Association of Corporate Directors.