| Preface |
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viii | |
| Acknowledgments |
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x | |
| Introduction |
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1 | (3) |
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1 Origins and Definitions of Corporate Governance |
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4 | (56) |
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1.1 Importance of the Corporate Governance Concept |
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4 | (11) |
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1.1.1 Definitions and Approaches to Corporate Governance |
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8 | (7) |
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1.2 The Separation Between Ownership and Control |
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15 | (14) |
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16 | (13) |
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1.3 The Guiding Principles of Corporate Governance |
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29 | (4) |
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1.4 The Historical Evolution of Corporate Governance |
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33 | (12) |
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1.4.1 The Origin of the Public Company |
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35 | (8) |
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1.4.2 Corporate Governance in the New Millennium |
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43 | (2) |
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1.5 Corporate Social Responsibility (CSR) |
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45 | (11) |
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1.5.1 Verification Tools and Social Reporting Models |
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48 | (8) |
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56 | (4) |
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2 Corporate Governance Systems in Capitalist Countries |
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60 | (32) |
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2.1 Corporate Governance Theories |
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60 | (4) |
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2.1.1 Managerial Approach |
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60 | (1) |
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2.1.2 The `Law and Finance' Approach |
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61 | (1) |
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2.1.3 The Contingency Approach |
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62 | (1) |
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2.1.4 The Transaction Costs Theory |
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62 | (1) |
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2.1.5 The Theory of Property Rights |
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63 | (1) |
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2.1.6 The Theory of Institutional Asset |
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63 | (1) |
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2.2 International Models of CG |
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64 | (7) |
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2.2.1 Outsider and Insider System |
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65 | (2) |
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2.2.2 One-Tier and Two-Tier System |
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67 | (4) |
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2.3 The United States of America: The One-Tier System |
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71 | (3) |
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2.3.1 Case Study: Ford Motor Company |
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73 | (1) |
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2.4 Germany: The Two-Tier System |
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74 | (5) |
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2.4.1 Case Study: Hugo Boss |
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77 | (2) |
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2.5 Japan: The Hybrid System |
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79 | (3) |
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2.5.1 Case Study: Nikon Corporation |
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81 | (1) |
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2.6 France: The Choice Between One and Two-Tier System |
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82 | (3) |
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2.6.1 Case Study: Renault |
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84 | (1) |
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2.7 The United Kingdom: The One-Tier System |
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85 | (4) |
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2.7.1 Case Study: British Airways |
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87 | (2) |
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89 | (3) |
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3 Corporate Governance in Italy |
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92 | (25) |
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3.1 The Structural Peculiarities of the Italian Capitalistic System |
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92 | (4) |
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3.2 The Traditional Model of CG |
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96 | (2) |
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3.3 The One-Tier Model of CG |
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98 | (1) |
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3.4 The Two-Tier Model of CG |
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99 | (3) |
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3.4.1 Case Study: Intesa San Paolo S.p.A. |
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100 | (2) |
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3.5 The Italian Corporate Governance Code of Best Practice (Preda's Code) |
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102 | (4) |
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3.6 The International Corporate Governance Codes of Best Practice |
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106 | (10) |
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106 | (1) |
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107 | (2) |
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109 | (2) |
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111 | (1) |
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112 | (4) |
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116 | (1) |
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4 What is the Most Suitable Corporate Governance Model? |
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117 | (8) |
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117 | (2) |
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4.2 One-Tier, Two-Tier or the Traditional CG Model |
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119 | (2) |
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4.3 Features of a Good CG Model |
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121 | (3) |
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124 | (1) |
| Conclusion |
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125 | (2) |
| Index |
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127 | |