Index
I n d e x ABN AMRO, 91 accountability, 4, 20, 39, 104–105 advisory vote on remuneration report, 134 AFL-CIO, 128 alpha, v, 3, 6–7, 11–14, 18–20, 37–38, 83, 91, 100, 102, 108–109, 111, 113, 178–181, 184, 222, 287, 290, 294 alternative investment, 4, 7–8, 11, 20, 97, 100, 102–104, 108, 259–260, 289–290 American International Group (AIG), 7, 22, 108, 145, 149, 153, 156–160, 206, 210, 304–306, 317; AIG Financial Products (AIGFP), 7, 22, 108, 145, 149, 153, 156– 160, 206, 210, 304–306, 317 annual bonus, 130 Applegarth, Adam, 94–95 asset bubbles, 5, 21, 38, 107, 144–145, 149– 150, 162–163, 303 asset classes, 26–28, 34, 40–52 audit quality, 167, 185 Augar, Philip, v, 19, 287, 290, 335 Australian Council of Super Investors (ACSI), 129 Australian Prudential Regulatory Authority (APRA), 135 Balls, Ed, 88 Bank of England, 83, 86, 89, 94–95, 105 Barclays, 85, 94, 328, 332 Barings, 85 Barnes, Julian, 86, 287 behavioral economists, 29 bench marking, 102, 109, 113–114, 231 Bernstein, Peter, 32 beta, 65–66 big bang reforms, 19, 85 Blackrock, 4 Black-Scholes model, 53, 61 Blair, Margaret, 146, 303 Blair, Tony, 86, 90 Blankfein, Lloyd C., 195–196, 207, 304, 313 board of directors, 99, 103, 118, 153, 159, 160–161, 170–171, 308 board of trustees (pension fund context), 224 board structure, 170–171 bonus, 80, 92, 130, 139, 141, 157, 182, 206, 217, 275 Brown, Gordon, 84, 86–89, 287–288 business risk, 56–57, 155 California Public Employee Retirement System (CalPERS), 4, 99–101, 248, 279, 283, 288, 290, 293 Cameron, Johnny, 93, 288 Canary Wharf, 83, 88 Capital Asset Pricing Model (CAPM), 19, 53, 61, 65–67, 73, 110, 279, 285, 287 capital gains tax, 87 Cassano, Joseph, 156, 206, 317 chief audit officer, 60 chief risk officer, 52, 59–60 Citigroup, 7, 22, 92, 104–105, 145, 149, 153– 156, 160–161, 288, 303–305 Clark, Gordon, 246, 248, 274 338 Index climate change, 220, 237, 239, 242–245, 249– 252, 257–258, 263–265, 271–278 climate risk, 5, 325 collateralized debt obligations (CDO), 8, 22, 54, 74. 76, 111–112, 153–154, 156–158, 165, 179, 184, 186, 192, 195, 198, 207–211, 311, 317–318 collateralized mortgage obligations (CMO), 208 Combined Code, U.K., 121, 140 Commodity Futures Modernization Act (2000), 23, 204–205 Companies Act 2006 (UK), 237, 247 consolidated supervised entities (CSE), 197 corporate governance, iii, v, 1–10, 12–13, 16, 19–20, 22–24, 52–56, 59, 61, 63, 65, 67, 69, 77–80, 97–100, 102–104, 106–107, 112, 114, 119–121, 126, 128, 134, 143–146, 161–162, 164, 166–170, 175, 178–182, 184–185, 187, 201, 220–222, 232, 237, 279–280, 283, 286, 288–297, 299–300, 302–303, 305, 307–309, 319–322, 324, 337 corporate governance failure, i, iii, 3, 7, 19, 69, 145, 292, 294, 302, 307 corporate governance quotient (CGQ), 167, 170–178, 180–181, 183 Cowan v. Scargill, 252, 261–262, 270 credit default obligations (CDO), 8, 22, 54, 74, 76, 111–112, 153–154, 156–159, 165, 179, 184, 196, 192, 195, 198, 207–211 credit default swaps (CDS), 14, 23, 156–159, 188, 192, 203–204, 206, 209, 304–305, 316 Crosby, James, 93 Dear, Joseph A., 100–101, 289–290 default risk, 65, 70 Delaware Chancery Court, 146 Department of Labor, U.S., 258–261, 263 deregulation, 20, 36, 85, 150, 163, 188–189, 205, 216, 298 derivatives, 49 Dimon, Jamie, 196, 207 directors, 2, 10, 93–94, 96, 98–99, 103, 118, 125, 127, 130, 132, 143, 145–149, 153, 155–156, 160–162, 170–171, 237, 247, 295–303, 305–306, 308, 330; duty of care, 147 discretionary cash flows, 166, 169 diversification, 27–28 Dixon, Adam, vi, 23, 217, 320, 335 Dodd-Frank Act of 2010, 203 Domini, Amy, 47 dot-com, 6, 150 Dravis, Bruce, v, 21, 144, 305, 335 duty of care, 147, 252 duty of impartiality, 17, 113 duty of loyalty, 98, 148, 253–255, 257–259, 327 duty of prudence, 252–253, 255, 257–258, 276 dynamic stress models, 62 economic value added, 54 efficient frontier, 63–64 efficient market hypothesis (EMH), 5, 9, 11, 27, 38, 111, 194, 219, 279–280, 293 Eichholtz, Piet, vi, 22, 165, 170, 307–309, 335 Emergency Economic Stabilization Act...
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