Corporate governance has become a well-discussed and controversial topic among corporations, shareholders, and the general public. However, the debate over what constitutes “good governance” often lacks structure, making it difficult for shareholders and stakeholders alike to have a constructive discussion about how to improve corporate outcomes.
This Quick Guide provides an introduction to the central concepts of corporate governance, which are developed in greater detail throughout the Quick Guide Series. It provides answers to the questions:
- What is corporate governance?
- What are agency problems?
- How prevalent are they?
- Are there “best practices” in corporate governance?