Behavioural Risks in Corporate Governance: Regulatory Intervention as a Risk Management Mechanism, 1st Edition (Paperback) book cover

Behavioural Risks in Corporate Governance

Regulatory Intervention as a Risk Management Mechanism, 1st Edition

By Ngozi Vivian Okoye

Routledge

272 pages

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Paperback: 9781138094345
pub: 2017-05-25
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pub: 2015-03-16
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Description

Recent cases of corporate failures, including the fixing of LIBOR rates and money laundering issues in the banking industry, highlight how behavioural issues on the part of company directors are significant contributory factors in corporate governance and the success or failure of companies. This book examines how personality and behavioural issues have contributed to major corporate failures, and how this risk may be managed.

The book examines behavioural risks in corporate governance, and evaluates the extent to which risk management mechanisms have acknowledged various aspects of behaviour. Drawing from cases in the UK, the US and Australia and research in psychology and the behavioural sciences, Ngozi Vivian Okoye argues that current corporate governance mechanisms lack provision for identifying and managing personality risks, and suggests how constituent elements of behaviour should be engaged with when developing preventive mechanisms for corporate failures. Okoye presents a conceptual framework for identifying and managing personality risks, and explores how personality risk may be built into corporate governance regulation.

The book will be of great use and interest to researchers and practitioners in business and company law, corporate governance, and critical management studies.

Table of Contents

1. Introduction 2. A Discussion of Relevant Literature 3. Risk and Corporate Governance 4. Impact of Behavioural Risks in Corporate Governance 5. Personality and Corporate Governance 6. Conceptual Framework for Personality Risk Management 7. The Model 8.Conclusion

About the Author

Ngozi Vivian Okoye is a Senior Lecturer at the Lincoln Law School, University of Lincoln, UK.

About the Series

Routledge Research in Corporate Law

The credit crunch of 2007 and the ensuing financial crises have led to a renewed interest in the place of corporations in the modern world and the role of law and regulation in governing their behaviour. This series looks to survey the current developments within the field of corporate law as well as mapping out future opportunities for change. The series offers a comparative approach to the subject, looking not just at North America and Europe but also at the state of affairs elsewhere in the world. Written by influential scholars, the books offer thought-provoking and often critical analyses of corporate law. The functions and legal obligations and rights of multiple stakeholders including directors, investors, governments and regulators are examined from both empirical and theoretical standpoints. Whilst being grounded in law the series also draws upon research from the disciplines of economics, management studies, sociology and politics in order to explore the implications of corporate law in their wider social and economic context.

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Subject Categories

BISAC Subject Codes/Headings:
BUS008000
BUSINESS & ECONOMICS / Business Ethics
BUS010000
BUSINESS & ECONOMICS / Business Law
LAW000000
LAW / General
LAW022000
LAW / Corporate