Corporate Governance, Organizational Ethics, and Prevention Strategies Against Financial Crime

This book examines how corporate ethics, social responsibility, and prevention strategies against financial crime may remedy shortcomings of corporate governance. Corporate governance structures and mechanisms may contribute to enhancing the value of integrity in organizational life. Nonetheless, executives and directors who emphasize a structural and procedural way of thinking often miss the point. Corporate governance structures and mechanisms can favor practices of integrity and righteousness. But those structures and mechanisms have deficiencies since they cannot allow the organization to avoid corporate deviancy and delinquency. The book describes how corporate governance and social responsibility reports and programs may allow executives and directors to deepen the meaning of corporate governance, as it is related to organizational culture. Furthermore, the volume discusses how corporate governance structures and mechanisms (including the board of directors and shareholder activism) might have a significant impact on the way integrity is safeguarded in an organization. The contributions shed light on methods to clarify and extend the implications of corporate governance while taking risk management strategies into account.

Discusses the implementation of organizational ethics and CSR Explores how the shortcomings of corporate governance mechanisms Presents new innovative corporate governance rules and principles

Autorentext

Hyacinthe Yirlier Somé is CIBC Research Chair on Financial Integrity, Codirector of the Research Group in Responsible Finance (GReFA), and Professor of Finance at the École de Gestion, University of Sherbrooke, Quebec, Canada. His current research includes financial/social integrity, corporate governance, pay inequality, cost of capital, corporate innovation, foreign direct investment, and mergers and acquisitions.

Narjess Boubakri is Dean of the School of Business Administration and Professor of Finance, at the American University of Sharjah, United Arab Emirates. Her research interests include privatization, corporate governance and transparency, privatization, legal and political institutions, Islamic finance, cost of capital, firm valuation, earnings management, and mergers and acquisitions.

Omrane Guedhami is the C. Russell Hill Professor and Professor of International Finance at the Darla Moore School of Business at the University of South Carolina, USA. His research interests are international, covering corporate governance, audit quality, tax enforcement, state capitalism and privatization, national culture, and corporate social responsibility.

Inhalt

Chapter 1. Introduction to Corporate Governance, Organizational Ethics, and Prevention Strategies Against Financial Crime.- Part I: Governance Structures and Mechanisms: Their Relevance, Impact, and Deficiencies.- Chapter 2. The Evaluation of the Concept of Corporate Governance Within the Framework of Its Potential Advantages and Side Effects.- Chapter 3. Less Surveillance for Better Corporate Governance.- Chapter 4. Board Composition, Sustainability Strategies, and Financial Performance of Mexican and Colombian Companies.- Chapter 5. The Role of the Boards of Directors in Implementing Ethics Codes and Whistleblowing Channels.- Chapter 6. Corporate Governance-based Prevention Strategies Against Greenwashing: A Conceptual Framework.- Chapter 7. Financial Fraud, Wrongdoing and Regulation: A Review of Recent Cases From the US Banking Industry.- Part II: Institutionalizing Corporate Ethics and Social Responsibility, and Deepening the Meaning and Implications of Corporate Governance for Organizational Culture.- Chapter 8. Understanding the Typology of Human Resources Personality Traits, Seen Through the Magnifying Glass of Ethics, for a Better Corporate Governance.- Chapter 9. ESG Factors and Rating, and Green Economy.- Chapter 10. Evolve and Adapt: Corporate Social Responsibility and the Corruption War.- Chapter 11. Corporate Tax, Tax Avoidance, and CSR: the Ideology of China.- Chapter 12. Corporate Social Responsibility as a Catalyst for Generalized Trust: an Exploratory Empirical Analysis.- Chapter 13. Business Corruption, CSR: Is It All Question of Integrity?.- Part Iii: Developing Prevention Strategies Against Financial Crime in Organizations, and Widening the Scope of Corporate Governance in the Context of Risk Management.- Chapter 14. The Role of Leadership and Culture in Preventing Corruption.- Chapter 15. Ethical Leadership, Sustainable Governance, and the Prevention of Fraud.- Chapter 16. Exploring the Role of Corporate Culture in Financial Crimes: A Case Study of FTX.- Chapter 17. Mobile Money, Financial Inclusion, and Fight Against Money Laundering in Central Africa: A Difficult Challenge.- Chapter 18. The UK Bribery Act 2010 Offence of Failure to Prevent Bribery: An Assessment of the Ministry of Justice Guidance on the 'adequate Procedures' Defence From a Corporate Perspective.- Chapter 19. Corporate Governance, Stakeholder Involvement and Government Interventions as Corporate Prevention Strategies against Organized Crime.