Challenges in Implementing Corporate Governance: Whose Business is it Anyway?

John Zinkin’s new book on Challenges in Implementing Corporate Governance is a welcome addition for board members and senior management on how to improve corporate governance in the post–crisis period. John correctly identifies that most boards on underperforming companies have three elements of failure: a lack of proper understanding of the business and its strategy; a total lack of appreciation of both the strategic and systemic risks created by new product markets; and a total failure by boards to ensure that the incentive structures for top management reflect long–term needs rather than short–term profits, thereby putting the company’s future at risk. John has written a useful and practical handbook that is a must read for all board members on how to improve corporate governance. 
Datuk Seri Panglima Andrew Sheng
Chief Adviser, China Banking Regulatory Commission and the Boards of the Qatar Financial Centre Regulatory Authority , Sime Darby Berhad and Khazanah Nasional
This timely book will interest those wanting to improve corporate governance and risk management. It should also appeal to anyone curious about what caused banks to fail in a number of markets in recent times, and the values which led to this failure. In considering principles which are essential to good governance, ACCA recognizes that corporate governance evolves and improves over time. We accept that organizations in different sectors and across the world operate in diverse environments in terms of culture, regulation, legislation and enforcement. What is appropriate, in terms of governance, for one type of organization will not be appropriate to all organizations. John Zinkin’s book seeks to address this challenge, analyzing the essential cultural and behavioral issues which sit at the heart of the challenges.
 
Paul Moxey
Head of Risk Management and Corporate Governance
Association of Chartered Certified Accountants
A scholarly combination of practical guidelines and strategic vision.
Lady Sylvia Jay CBE
Vice–Chairman, L’Oreal UK
Independent Director, Alcatel–Lucent, Compagnie de Saint Gobain, Lazard Limited and Carrefour
This is a highly topical and timely publication. Globally, the crisis that has gripped the financial services sector following the failure of well known global banks in recent years has focused attention on corporate governance. To restore confidence in the financial services sector is a long–term goal and effective corporate governance, together with the closely associated topic of risk management, has gripped not only governments and banks, but the public too. In this book, John Zinkin clearly asserts that financial institutions need to exert their responsibilities beyond their shareholders and far more into the wider group of stakeholders, including employees and wider society. In considering issues globally, John provides a book that is not only thought–provoking but pragmatic and useful at a time when stakeholders in our banks need to see real change in transparent, practical ways from those charged with governing our banks.
Ruth Martin
Managing Director
The Chartered Institute of Securities and Investment
A must–read for directors of companies in Asia who want to make sure their companies are following best practice corporate governance standards. The book provides guidance of where directors should start when beginning their directorships and also is a helpful tool for the review process of how effective the Board is (or how the Board can improve).
Angelina Kwan
Director and Chief Operating Officer, Asia Pacific Region
Cantor Fitzgerald LP
I think I have learned a lot more about corporate governance and its fundamental issues reading this book. It is a good, comprehensive, and readable guide for directors to und erstand the issues relating to corporate governance.
Dato Krishnan Tan
CEO
IJM Corporation Berhad
Challenges in Implementing Corporate Governance is the most definitive book on corporate governance to date. John Zinkin challenges the norms on what defines the Board of Directors. He not only redefines their responsibilities but also stresses that board performance makes a difference to long–term business sustainability. The author illustrates the challenges of implementing Western–style corporate governance and why and how there is a need to go local in getting strategy and risk management right, to managing change and talent. The book looks at how defective governance implementation can destroy capital. This is a must–read for future and existing board members who are serious about their “license to operate.” 
Tay Kay Luan
Director, International Assignments
Association of Chartered Certified Accountants
In this book, John Zinkin challenges us with questions like “Is business ethics an oxymoron?” and provides answers to how a company can be run both responsibly and successfully. It is the right message in these turbulent times after all the financial excesses of the past years. Challenges in Implementing Corporate Governance delivers valuable advice for board members on their roles and responsibilities in order to carry out their duties effectively, as well as how to avoid the most common pitfalls and manage risk successfully. A must–read book for any board representative.
Peter Vogt
CEO 
Nestlé Malaysia

Spis treści:
Foreword
Acknowledgments
Introduction
1 Do Western Codes of Corporate Governance Apply in Asia?
2 What is the Business of Business?
3 The Role of the Board
4 The Role of Board Members
5 Why Boards Fail and How to Avoid Failure
6 From Good Governance to Good Results
7 Managing Risk
8 What We Measure and Reward
9 Saving Capitalism from the Capitalists
Appendices
Index

Nota biograficzna:
John Zinkin has 39 years of working experience, of which 24 have been in Asia. His experience as a consultant for McKinsey and as Chairman of Burson–Marsteller’s change management practice in Asia; as Associate Professor of Strategy and Marketing at Nottingham University Business School, Malaysia Campus; as Executive Coach of Foresight’s Global Coaching Partnership; and as Deputy Chairman of the Institute of Corporate Responsibility Malaysia—all of which gives him a unique insight into the issues of implementing good governance in an Asian context. As the CEO of the Securities Industry Development Corporation (SIDC), the training and development arm of the Securities Commission Malaysia, he is engaged in running regular workshops for senior directors of Malaysian public–listed companies on implementing good corporate governance.   

Okładka tylna:
John Zinkin’s new book on Challenges in Implementing Corporate Governance is a welcome addition for board members and senior management on how to improve corporate governance in the post–crisis period. John correctly identifies that most boards on underperforming companies have three elements of failure: a lack of proper understanding of the business and its strategy; a total lack of appreciation of both the strategic and systemic risks created by new product markets; and a total failure by boards to ensure that the incentive structures for top management reflect long–term needs rather than short–term profits, thereby putting the company’s future at risk. John has written a useful and practical handbook that is a must read for all board members on how to improve corporate governance. 
Datuk Seri Panglima Andrew Sheng
Chief Adviser, China Ban king Regulatory Commission and the Boards of the Qatar Financial Centre Regulatory Authority , Sime Darby Berhad and Khazanah Nasional
This timely book will interest those wanting to improve corporate governance and risk management. It should also appeal to anyone curious about what caused banks to fail in a number of markets in recent times, and the values which led to this failure. In considering principles which are essential to good governance, ACCA recognizes that corporate governance evolves and improves over time. We accept that organizations in different sectors and across the world operate in diverse environments in terms of culture, regulation, legislation and enforcement. What is appropriate, in terms of governance, for one type of organization will not be appropriate to all organizations. John Zinkin’s book seeks to address this challenge, analyzing the essential cultural and behavioral issues which sit at the heart of the challenges.
 
Paul Moxey
Head of Risk Management and Corporate Governance
Association of Chartered Certified Accountants
A scholarly combination of practical guidelines and strategic vision.
Lady Sylvia Jay CBE
Vice–Chairman, L’Oreal UK
Independent Director, Alcatel–Lucent, Compagnie de Saint Gobain, Lazard Limited and Carrefour
This is a highly topical and timely publication. Globally, the crisis that has gripped the financial services sector following the failure of well known global banks in recent years has focused attention on corporate governance. To restore confidence in the financial services sector is a long–term goal and effective corporate governance, together with the closely associated topic of risk management, has gripped not only governments and banks, but the public too. In this book, John Zinkin clearly asserts that financial institutions need to exert their responsibilities beyond their shareholders and far more into the wider group of stakeholders, including employees and wider society. In considering issues globally, John provides a book that is not only thought–provoking but pragmatic and useful at a time when stakeholders in our banks need to see real change in transparent, practical ways from those charged with governing our banks.
Ruth Martin
Managing Director
The Chartered Institute of Securities and Investment
A must–read for directors of companies in Asia who want to make sure their companies are following best practice corporate governance standards. The book provides guidance of where directors should start when beginning their directorships and also is a helpful tool for the review process of how effective the Board is (or how the Board can improve).
Angelina Kwan
Director and Chief Operating Officer, Asia Pacific Region
Cantor Fitzgerald LP
I think I have learned a lot more about corporate governance and its fundamental issues reading this book. It is a good, comprehensive, and readable guide for directors to understand the issues relating to corporate governance.
Dato Krishnan Tan
CEO
IJM Corporation Berhad
Challenges in Implementing Corporate Governance is the most definitive book on corporate governance to date. John Zinkin challenges the norms on what defines the Board of Directors. He not only redefines their responsibilities but also stresses that board performance makes a difference to long–term business sustainability. The author illustrates the challenges of implementing Western–style corporate governance and why and how there is a need to go local in getting strategy and risk management right, to managing change and talent. The book looks at how defective governance implementation can destroy capital. This is a must–read for future and existing board members who are serious about their “license to operate.” 
Tay Kay Luan
Director, International Assignments
Association of Chartered Certified Accountants
In this book, John Zinkin challenges us with questions like “Is business ethics an oxymoron?” and provides answers to how a company can be run both responsibly and successfully. It is the right message in these turbulent times after all the financial excesses of the past years. Challenges in Implementing Corporate Governance delivers valuable advice for board members on their roles and responsibilities in order to carry out their duties effectively, as well as how to avoid the most common pitfalls and manage risk successfully. A must–read book for any board representative.
Peter Vogt
CEO 
Nestlé Malaysia