|
 In the wake of a series of corporate governance disasters in the US and Europe which have gained almost mythic status¡XEnron, WorldCom, Tyco, Adelphia, HealthSouth, Parmalat¡Xone question has not yet been addressed. A number of ¡§gatekeeping¡¨ professions¡Xauditors, attorneys, securities analysts, credit-rating agencies¡Xexist to guard against these governance failures. To answer these questions, a more detailed investigation is necessary that moves beyond journalism and easy scapegoating, and examines the evolution, responsibilities, and standards of these professions. John Coffee, world-renowned Professor of Corporate Law, examines how these gatekeeping professions developed, to what degree they failed, and what reforms are feasible. Above all, this book examines the institutional changes and pressures that caused gatekeepers to underperform or neglect their responsibilities, and focuses on those feasible changes that can restore gatekeepers as the loyal agents of investors.
Publisher
Oxford University Press
Author
John C. Coffee
Publishing Date
June 2006
ISBN
978-0-19-928809-0
Price
HK$323
Source: Oxford University Press
|
