Linked e-resources
Details
Table of Contents
Intro
Preface
Acknowledgments
Contents
Abbreviations
List of Figures
List of Tables
1 Introduction
References
2 Carillion PLC
John McDonough
Carillion's Initial Problems
Acquisition and Debt
Excessive Outsourcing
Carillion's Corporate Governance Issues
Executive Remuneration
Nonexecutive Directors (NEDs)
Carillion's Auditors
External Auditor
Internal Auditor
The Cost of Carillion's Collapse
Lessons Learnt from Carillion
Discussion Questions
References
3 Tesco Plc
A Brief History of Tesco
Retailer Competition
Tesco's Corporate Governance Problems
Overstated Profits-The Whistle-blower
External Auditor
Tesco's Audit Committee
Tesco's Board of Directors
Lessons Learnt from Tesco
Discussion Questions
References
4 Volkswagen
Background
Winterkorn and Volkswagen's 'Strategy 2018'
Emission Testing
'Green Clean Diesel' Engine
The Explosion of Volkswagen's Emission Scandal
Volkswagen's Initial Response
Early Warnings
The Impact on Volkswagen Emission Scandal
Volkswagen's Corporate Government Issues
Nonfeasance of the Management Board
Failure of the Supervisory Board in Its Oversight Role
Whistle-Blower System
Regulators
Lessons Learnt from Volkswagen's Scandal
Discussion Questions
References
5 Wirecard
Wirecard's Rise and Fall
Wirecard's Corporate Governance Failure
Financial Fraud
Internal Controls
External Auditors
Negligence of Financial Regulators
Lessons Learnt from Wirecard's Corporate Governance Failure
Discussion Questions
References
6 Stora Enso
Stora Enso's History and Early CSR Practices
Mistreatment of Local Landowners in China
Child Labour in Joint Venture in Pakistan
Improvement of CSR Practices After the Ethical Crisis
Lessons Learnt from Stora Enso's Corporate Governance Issues
Discussion Questions
References
7 Wells Fargo
The Scandal
Carrie Tolstedt and Community Bank
Customer Complaints
OCC Investigation
Initial Response of Wells Fargo
The Damage of the Scandal
Wells Fargo's Corporate Governance Failure
Board of Directors and Its Role Monitoring Operations
The Decentralised Structure of Risk Control
Internal Whistleblowing System
The External Auditor
Regulators
Lessons Learnt from Wells Fargo's Corporate Governance Failure
Discussion Questions
References
8 CommInsure
The Scandal
CommInsure's Corporate Governance Issue
Lack of Oversight of Claims Assessors
Ineffective Whistle-blower Protection
Director Remuneration Linked to Profits
Auditor Failure
Regulatory Negligence in the Insurance Industry in Australia
Lessons Learnt from CommInsure
Discussion Questions
References
9 Toshiba (Japan)
The Scandal
Toshiba's Corporate Governance Issues
Inappropriate Accounting Practices
Preface
Acknowledgments
Contents
Abbreviations
List of Figures
List of Tables
1 Introduction
References
2 Carillion PLC
John McDonough
Carillion's Initial Problems
Acquisition and Debt
Excessive Outsourcing
Carillion's Corporate Governance Issues
Executive Remuneration
Nonexecutive Directors (NEDs)
Carillion's Auditors
External Auditor
Internal Auditor
The Cost of Carillion's Collapse
Lessons Learnt from Carillion
Discussion Questions
References
3 Tesco Plc
A Brief History of Tesco
Retailer Competition
Tesco's Corporate Governance Problems
Overstated Profits-The Whistle-blower
External Auditor
Tesco's Audit Committee
Tesco's Board of Directors
Lessons Learnt from Tesco
Discussion Questions
References
4 Volkswagen
Background
Winterkorn and Volkswagen's 'Strategy 2018'
Emission Testing
'Green Clean Diesel' Engine
The Explosion of Volkswagen's Emission Scandal
Volkswagen's Initial Response
Early Warnings
The Impact on Volkswagen Emission Scandal
Volkswagen's Corporate Government Issues
Nonfeasance of the Management Board
Failure of the Supervisory Board in Its Oversight Role
Whistle-Blower System
Regulators
Lessons Learnt from Volkswagen's Scandal
Discussion Questions
References
5 Wirecard
Wirecard's Rise and Fall
Wirecard's Corporate Governance Failure
Financial Fraud
Internal Controls
External Auditors
Negligence of Financial Regulators
Lessons Learnt from Wirecard's Corporate Governance Failure
Discussion Questions
References
6 Stora Enso
Stora Enso's History and Early CSR Practices
Mistreatment of Local Landowners in China
Child Labour in Joint Venture in Pakistan
Improvement of CSR Practices After the Ethical Crisis
Lessons Learnt from Stora Enso's Corporate Governance Issues
Discussion Questions
References
7 Wells Fargo
The Scandal
Carrie Tolstedt and Community Bank
Customer Complaints
OCC Investigation
Initial Response of Wells Fargo
The Damage of the Scandal
Wells Fargo's Corporate Governance Failure
Board of Directors and Its Role Monitoring Operations
The Decentralised Structure of Risk Control
Internal Whistleblowing System
The External Auditor
Regulators
Lessons Learnt from Wells Fargo's Corporate Governance Failure
Discussion Questions
References
8 CommInsure
The Scandal
CommInsure's Corporate Governance Issue
Lack of Oversight of Claims Assessors
Ineffective Whistle-blower Protection
Director Remuneration Linked to Profits
Auditor Failure
Regulatory Negligence in the Insurance Industry in Australia
Lessons Learnt from CommInsure
Discussion Questions
References
9 Toshiba (Japan)
The Scandal
Toshiba's Corporate Governance Issues
Inappropriate Accounting Practices