公司治理和道德培训课件(PPT 125页).ppt

;;THE STRATEGIC MANAGEMENT PROCESS;战略管理过程;KNOWLEDGE OBJECTIVES;学习目标;;CORPORATE GOVERANCE: WHAT IS ALL THE FUSS ABOUT?;公司治理：有什么可忙乱的？;CORPORATE GOVERANCE: WHAT IS ALL THE FUSS ABOUT?;公司治理：有什么可忙乱的？;CORPORATE GOVERANCE: WHAT IS ALL THE FUSS ABOUT?;公司治理：有什么可忙乱的？;;CORPORATE GOVERNANCE;公司治理;CORPORATE GOVERNANCE;Theoretical basis for Corporate governance ;;SEPARATION OF OWNERSHIP AND MANAGERIAL CONTROL; SEPARATION OF OWNERSHIP AND MANAGERIAL CONTROL;所有权和经营权的分离; ; ;SEPARATION OF OWNERSHIP AND MANAGERIAL CONTROL;所有权和经营权的分离; ;所有权和经营权的分离;;所有权和经营权的分离产生两个问题：;An Agency Relationship;CORPORATE GOVERNANCE; ; ;AGENCY RELATIONSHIPS; Agency Problems;AGENCY PROBLEM; ; ; ; ; ; ; ; AGENCY COSTS AND GOVERNANCE MECHANISMS;AGENCY COSTS AND GOVERNANCE MECHANISMS;;小知识：;;; ; ;; ; ;内部治理机制;OWNERSHIP CONCENTRATION; ; ; ; ;机构投资者的影响日益扩大：CalPERS case 加利福尼亚公职人员养老金案例;思考：;BOARD OF DIRECTORS; ; ;BOARD OF DIRECTORS;董事会的作用; ; ; ;;;;EXECUTIVE COMPENSATION; ; ;管理者报酬;EXECUTIVE COMPENSATION;EXECUTIVE COMPENSATION;管理者报酬存在的问题;EXECUTIVE COMPENSATION;;;MARKET FOR CORPORATE CONTROL; ; ;;;;; ; ; ; ;;Corporate Governance in Germany ;德国的公司治理 ;Corporate Governance in Germany Banks exercise significant power as a source of financing for firms. Two-tiered board structures, required for larger employers (more than 2,000 employees), place responsibility for monitoring and controlling managerial decisions and actions with separate groups. Power sharing includes representation from the community as well as unions. ;德国的公司治理 ; ; ;德国的公司治理 ; ; ;Corporate Governance in Japan ; ;Corporate Governance in Japan ● Japan has a bank-based financial and corporate governance structure whereas the United States has a market-based financial and governance structure ● Banks play an important role in financing and monitoring large public firms ● Powerful government intervention ● Despite the counter-cultural nature of corporate takeovers, changes in corpo