Book review: “Corporate governance: Theoretical essentials and international practices”

Osé Manuel Bernardo Vaz Ferreira

doi:10.22495/clgrv3i1p5

Abstract

This review covers the textbook titled “Corporate governance: Theoretical essentials and international prectices”, authored by Aws Alhares and Naser Ibrahim Abumustafa (Virtus Interpress, 2021; ISBN: 978-617-7309-17-7). The review focuses particularly on the relationship between corporate governance and financial structure, the role of institutional investors in corporate governance, the board of directors’ impact on performance and the role of non-executive directors, the audit function and the role of regulation international corporate governance, and socially responsible investment. It also highlights the contribution of this textbook to the ongoing discussion on key points relating to corporate governance

Highlights

Governance issues have been an important part of societies since the first years of civilization, especially related to values, ethics, rules of conduct and justice and the way societies should be organized
The link between governance and development is a big issue to teach, namely, the relationship between the governance theories, policy, and practice and development. Another interesting topic presented by this book, is the relationship between corporate governance and financial structure, since the quality of financial decisions can have a significant result on the risk of a firm’s operating cashflows
The authors explained how to control corporate financial structures and any risk, that may come from decision-making led by managers that could be influenced by shareholders

Summary

Introduction

Governance issues have been an important part of societies since the first years of civilization, especially related to values, ethics, rules of conduct and justice and the way societies should be organized. The first chapter of this book presents distinctive theoretical frameworks, that are related to different views of corporate governance.

Results

Conclusion