ECONOMIC PERSPECTIVES
ECONOMIC PERSPECTIVES
PROMOTING฀GROWTH฀THROUGH฀
CORPORATE฀GOVERNANCE
USA
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













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
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
























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













ECONOMIC PERSPECTIVES


 


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
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




ABOUT THIS ISSUE







ECONOMIC PERSPECTIVES


PROMOTING GROWTH THROUGH CORPORATE GOVERNANCE
Laying the Groundwork For Economic
Growth





Fostering an International Regulatory
Consensus






Prosecuting Corporate Crimes






Corporate Governance: The
Development Challenge






Creating a Sustainable Corporate
Environment








Training Managers for the Future




The Case for Powerful Shareholders






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
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


A Business Perspective on Corporate
Governance






Governing Family Businesses






OECD Principles of Corporate
Governance
Bibliography

Internet Resources
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



LAYING THE GROUNDWORK FOR
ECONOMIC GROWTH



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











THE ROLE OF THE CORPORATION












































THE BOARD OF DIRECTORS






























CONVERGING MODELS OF CORPORATE GOVERNANCE

























































RISK TAKING AND ACCOUNTABILITY








.





















NOURISHING INVESTOR TRUST








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
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

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














BRAZIL’S EXPERIENCE











































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
FOSTERING AN INTERNATIONAL
REGULATORY CONSENSUS










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
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

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





















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
THE SARBANES-OXLEY REFORMS



































NATIONAL BOUNDARIES AND CONCERNS
OVER SOVEREIGNTY


























































ACCOMMODATING NON-U.S. FIRMS






















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

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
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


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

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














CHALLENGES FACING FOREIGN FIRMS













































EXPANDING THE SHAREHOLDER SOCIETY


























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
PROSECUTING CORPORATE CRIMES


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






ENFORCEMENT ACTIVITIES























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






















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

















INNOVATIVE TOOLS







Bringing the collective resources and expertise of
federal agencies to bear earlier in an investigation
in order to complete the investigation and initiate
prosecution more expeditiously. 






Segmenting complex investigations into
smaller, more manageable portions that can be
investigated and prosecuted promptly and are
more understandable to investigators, prosecutors,
and juries.

























Using aggressive and innovative means to obtain
corporate cooperation before criminal charges are
instituted. 














Recent corporate fraud prosecutions illustrate the Department of Justice’s new approaches
to investigating and prosecuting corporate fraud.
ENRON CORPORATION













HEALTHSOUTH CORPORATION









ADELPHIA COMMUNICATIONS CORPORATION





PNC FINANCIAL SERVICES GROUP/AMERICAN INTERNATIONAL GROUP (AIG)







CORPORATE FRAUD PROSECUTIONS



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



































Prosecuting those who facilitate fraud and
obstruct investigations, either in separate criminal
proceedings or in the underlying corporate fraud
prosecution.
Aggressively pursuing civil and regulatory
enforcement action, often in proceedings parallel
to criminal prosecutions and investigations. 




RESTORING PUBLIC CONFIDENCE














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
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
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

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




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







CORPORATE GOVERNANCE:
THE DEVELOPMENT CHALLENGE


























RULES AND RELATIONSHIPS











































OLIGOPOLISTIC RIVALRY AND CORPORATE INSIDERS
































STRATEGIES OF OWNERSHIP







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









WHAT TO DO?







































ENFORCEMENT CONSIDERATIONS






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
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







CREATING A SUSTAINABLE
CORPORATE ENVIRONMENT
























CORPORATE GOVERNANCE IN TRANSITION
ECONOMIES


























MEETING GLOBAL CHALLENGES


















































BENEFITS EMERGE, BUT GRADUALLY





























THE FIVE STAGES OF LOCAL INITIATIVE





Raising Awareness:


















Developing National Codes:









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



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




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
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




COMING TO THE MARKET: THE RUSSIAN INSTITUTE OF DIRECTORS
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
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
















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Monitoring Implementation:


















Training for New Responsibilities:















Institutionalizing Corporate Governance:





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



CREATING THE LANGUAGE OF REFORM:
THE EGYPTIAN CENTER FOR ECONOMIC STUDIES