Corporate governance, the internal policies and leadership that guide the actions of corporations, played a major part in the recent global financial crisis. While much blame has been targeted at compensation arrangements that rewarded extreme risk-taking but did not punish failure, the performance of large, supposedly sophisticated institutional investors in this crisis has gone for the most part unexamined. Shareholding organizations, such as pension funds and mutual funds, hold considerable sway over the financial industry from Wall Street to the City of London. Corporate Governance Failures: The Role of Institutional Investors in the Global Financial Crisis exposes the misdeeds and lapses of these institutional investors leading up to the recent economic meltdown.

In this collection of original essays, edited by pioneers in the field of fiduciary capitalism, top legal and financial practitioners and researchers discuss detrimental actions and inaction of institutional investors. Corporate Governance Failures reveals how these organizations exposed themselves and their clientele to extremely complex financial instruments, such as credit default swaps, through investments in hedge and private equity funds as well as more traditional equity investments in large financial institutions. The book's contributors critique fund executives for tolerating the "pursuit of alpha" culture that led managers to pursue risky financial strategies in hopes of outperforming the market. The volume also points out how and why institutional investors failed to effectively monitor such volatile investments, ignoring relatively well-established corporate governance principles and best practices.

Along with detailed investigations of institutional investor missteps, Corporate Governance Failures offers nuanced and realistic proposals to mitigate future financial pitfalls. This volume provides fresh perspectives on ways institutional investors can best act as gatekeepers and promote responsible investment.

Bien plus qu’un simple guide pratique, le présent ouvrage propose un ensemble de clés et d’outils aux gestionnaires qui veulent capitaliser sur l’intelligence créative des membres de leur équipe. Comment détecter les personnes créatives dans l’organisation ou en recruter ? Existe-t-il des méthodes pour réfléchir autrement ? Quelles sont les pratiques à adopter pour cultiver la créativité ? Comment identifier et exploiter de nouvelles occasions d’affaires ? Ce livre vous accompagne pas à pas pour trouver les réponses à ces questions.

Home economics emerged at the turn of the twentieth century as a movement to train women to be more efficient household managers. At the same moment, American families began to consume many more goods and services than they produced. To guide women in this transition, professional home economists had two major goals: to teach women to assume their new roles as modern consumers and to communicate homemakers' needs to manufacturers and political leaders. Carolyn M. Goldstein charts the development of the profession from its origins as an educational movement to its identity as a source of consumer expertise in the interwar period to its virtual disappearance by the 1970s.

Throughout the twentieth century, financial shocks toppled democratic and authoritarian regimes across Latin America. But things began to change in the 1980s. This volume explains why this was the case in Argentina, Chile, and Uruguay. Taking a comparative historical approach, Francisco E. González looks at how the Great Depression, Latin America’s 1980s debt crisis, and the emerging markets' meltdowns of the late 1990s and early 2000s affected the governments of these three Southern Cone states. He finds that democratic or not, each nation’s governing regime gained stability in the 1980s from a combination of changes in the structure and functioning of national and international institutions, material interests, political ideologies, and economic paradigms and policies. Underlying these changes was a growing ease in the exchange of ideas. As the world’s balance of power transitioned from trilateral to bipolar to unipolar, international institutions such as the World Bank and the International Monetary Fund increased crisis interventions that backstopped economic freefalls and strengthened incumbents. Urban-based populations with relatively high per capita income grew and exercised their preference for the stability and prosperity they found as a class under democratic rule. These and other factors combined to substantially increase the cost of military takeovers, leading to fewer coups and an atmosphere friendlier toward domestic and foreign capital investment. González argues that this confluence created a pro-democracy bias—which was present even in Augusto Pinochet’s Chile—that not only aided the states’ ability to manage economic and political crises but also lessened the political, social, and monetary barriers to maintaining or even establishing democratic governance. With a concluding chapter on the impact of the Great Recession in other Latin American states, Eastern Europe, and East Asia, Creative Destruction? lends insight into the survival of democratic and authoritarian regimes during times of extreme financial instability. Scholars and students of Latin America, political economy, and democratization studies will find González's arguments engaging and the framework he built for this study especially useful in their own work.

Since the fall of long-reigning President Soeharto, in 1998, Indonesia has been in an era of transition, away from an authoritarian regime, and on a “quest for democracy”. This quest started with decentralization laws implemented in 2001, which gave greater autonomy to the regions, and continued with the direct elections for the national and local legislatures and the President in 2004. The latest development in this democratization process is the implementation of a system for the direct election of regional leaders, which began in 2005; the first round of elections across the nation for all governors, mayors and district heads was completed in 2008. Authors of the chapters in this volume, the result of a workshop in Singapore in 2006, present data from across the archipelago for these first direct elections for local leaders and give their assessment as to how far these elections have contributed to a “deepening democracy”.

Many of today's new democracies are constrained by institutional forms designed by previous authoritarian rulers. In this timely and provocative study, Delia M. Boylan traces the emergence of these vestigial governance structures to strategic behavior by outgoing elites seeking to protect their interests from the vicissitudes of democratic rule. One important outgrowth of this political insulation strategy--and the empirical centerpiece of Boylan's analysis--is the existence of new, highly independent central banks in countries throughout the developing world. This represents a striking transformation, for not only does central bank autonomy remove a key aspect of economic decision making from democratic control; in practice it has also kept many of the would-be expansionist governments that hold power today from overturning the neoliberal policies favored by authoritarian predecessors. To illustrate these points, Defusing Democracy takes a fresh look at two transitional polities in Latin America--Chile and Mexico--where variation in the proximity of the democratic "threat" correspondingly yielded different levels of central bank autonomy. Boylan concludes by extending her analysis to institutional contexts beyond Latin America and to insulation strategies other than central bank autonomy. Defusing Democracy will be of interest to anyone--political scientists, economists, and policymakers alike--concerned about the genesis and consolidation of democracy around the globe. Delia M. Boylan is Assistant Professor, Harris Graduate School of Public Policy Studies, University of Chicago.

Quels sont réellement les ressorts des campagnes de communication? Comment les institutions et les entreprises traitent-elles leur image? De la communication de crise au lobbying, en passant par la communication environnementale, les campagnes de souscription, les commandites ou encore l'organisation d'événements majeurs à des fins de relations publiques, l'auteure présente 43 campagnes de communication primées. Elle décortique ensuite les pratiques, étudie les intentions, analyse les tendances et clarifie les types de relations qui existent entre les organisations et leurs publics.

Les technologies de l'information et des communications se développent à un rythme exponentiel depuis quelques années. Ces progrès exercent un effet de plus en plus significatif sur la nature même du travail. Désormais, travailler signifie récolter, analyser, exploiter ou enrichir des connaissances et les réinjecter dans un réseau restreint ou planétaire. Les exposés que renferme ce livre tentent de délimiter cette problématique complexe à partir de points de vue variés. Le livre évoque des changements et des bouleversements, perceptibles ou potentiels, dans nos façons de percevoir les choses, de les analyser et d'agir. L'exposé du philosophe français Michel Serres revêt la forme d'une analyse attentive de l'évolution de ce qu'il appelle les «supports» de la pensée. Cette conférence est présentée intégralement sur un cédérom joint à l'ouvrage.

In the past two years, the world has experienced how unsound economic practices can disrupt global economic and social order. Today’s volatile global financial situation highlights the importance of managing risk and the consequences of poor decision making. The Doom Loop in the Financial Sector reveals an underlying paradox of risk management: the better we become at assessing risks, the more we feel comfortable taking them. Using the current financial crisis as a case study, renowned risk expert William Leiss engages with the new concept of “black hole risk” — risk so great that estimating the potential downsides is impossible. His risk-centred analysis of the lead-up to the crisis reveals the practices that brought it about and how it became common practice to use limited risk assessments as a justification to gamble huge sums of money on unsound economic policies. In order to limit future catastrophes, Leiss recommends international cooperation to manage black hole risks. He believes that, failing this, humanity could be susceptible to a dangerous nexus of global disasters that would threaten human civilization as we know it.

Dr Maung Maung (1925-94) was a man of many parts: scholar, soldier, nationalist, internationalist, parliamentarian, and public servant. His life spanned seven decades of political, economic and social turbulence in the country he loved and served, Myanmar. A pioneer amongst post-colonial journalists in Southeast Asia, he was equally at home in the libraries and seminars of universities in the United States, Europe and Australia during the Cold War. As a jurist, Dr Maung Maung knew the law must remain relevant to changing societal requirements. As an author, he wrote weighty scholarly tomes and light-hearted accounts spiced with his wry observations on human foibles. He was a keen observer of human strengths and weaknesses. A loyal friend, he never maligned his critics or denied their merits. As a man of affairs, he was capable of understanding the weaknesses of the institutions that he served and that ultimately failed to live up to their ideals. This book collects together a number of his now obscure but important historical and journalistic essays with a full bibliography of his works.