Academic journal article Business Law International

Chambers' Corporate Governance Handbook: Sixth Edition

Academic journal article Business Law International

Chambers' Corporate Governance Handbook: Sixth Edition

Article excerpt

Chambers' Corporate Governance Handbook: Sixth Edition Professor Andrew Chambers Bloomsbury Professional (2014); 1099 pages (paperback); £98; ISBN 978-1-78043-482-7

This handbook provides a detailed and complete study of corporate governance and all that this voluminous subject entails. It concentrates mainly on the corporate governance framework as it applies to the UK although there are references to, and examples made of, regimes in other jurisdictions (in particular the approach taken to corporate governance in the US and GCC). This book is likely to be of interest to students, professional advisers and directors/executives alike given the broad range of topics covered and its depth of content.

The author concentrates on several main themes throughout the work, including his belief that failings in corporate governance exacerbated the financial crisis, the importance of independent/non-executive directors and the role of internal audit as the 'third line of defence' in preventing corporate failures. The text includes primary sources (such as the UK Corporate Governance Code), secondary sources (such as quote from various commissions and leading individuals) together with opinion and commentar y from Professor Chambers himself.

Professor Chambers' enthusiasm and deep-seated knowledge of this topic is evident from the first page until the last (circa 1,000 pages later). It is also obvious that he believes that good corporate governance is an important safeguard against the 'greed is good' mentality which pervaded UK corporate culture in the period leading up to the GFC. He is also forthright in his opinion that the existing 'comply or explain' approach to corporate governance, which applies to listed companies in the UK, is open to abuse and is not sufficiently robust for modern day corporate culture, where there are numerous institutions that are 'too-big-to-fail'. …

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