The concept of corporate governance has come under intense public scrutiny in recent years. Business people everywhere are asking: What exactly does and#8216;goodand#8217; corporate governance entail? Which aspects of it are legally binding, and in what ways is it merely a set of expectations on how corporations should be organized ideally? Nowhere are these important questions answered more precisely - nowhere are the lines more clearly drawn - than in the insightful synthesis of statutory law, case law, and organizational theory presented in this book.

Recognizing that the...