Corporate governance over the last decade has become a subject of increasing public interest. It is becoming recognised that the purpose of business is not simply to generate wealth but to retain it, and ensure resources are directed towards the purposes they were intended for. International Corporate Governance makes sense out of the enveloping controversies that have occurred in corporate governance in all jurisdictions, and puts into perspective the events in the UK and Europe, in Japan and the Asian financial crisis, and most recently in the United States. It investigates the reasons for the failure of Enron, WorldCom, Tyco and other major US corporations., while examining the role of international standards of corporate governance, with the intervention of the OECD, World Bank and IMF.
Thomas Clarke is Director of the Centre for Corporate Governance and Professor of Management at the University of Technology, Sydney. Formerly DBM Professor of Corporate Governance at Leeds Business School and Visiting Professor at CEIBS, Shanghai, he was a member of the RSA Tomorrow's Company Inquiry that influenced the review of UK company law. At the OECD in Paris he helped develop the international corporate governance code adopted by governments throughout the world.