Corporate Governance and Responsible Investment in Private Equity

ISBN-13: 9781108485883 / Angielski / Twarda / 2021 / 250 str.

Simon R. Witney

Opis

Private equity-backed businesses are increasingly prevalent, and their governance practices are a black box. This book lifts the lid.

Recenzje

'… readers - especially regulators, company management, and investors - will find in this comprehensive text the answers to many of their questions regarding effective governance and responsible investment of private equity. Most will take the information provided as justification for their confidence in private equity–backed investing.' Janet J. Mangano, CFA Institute

Spis treści

Introduction; Part I. How Should Private Equity Governance Systems Look?: 1. Mapping an analytical framework; 2. Private ordering in private equity and its implications; Part II. What Actually Happens?: 3. Agency cost mitigation; 4. Improving decision-making and protecting wider interests; Part III. Corporate Governance Regulation in the UK and Private Equity's Response: 5. The relevance of business judgement regulation; 6. Dealing with the duties to avoid and disclose conflicts of interest; 7. Rules affecting the exercise of power by shareholders and their nominated directors; 8. Recent corporate governance reforms, best practice codes and their impact; Part IV. How Governance Can Affect Corporate Performance: 9. How do academics explain private equity outperformance? 10. Improving governance to improve performance; Conclusion. Corporate governance and responsible investment; Bibliography; Index.