ISSN:0964-8410    

DOI:10.1111/j.1467-8683.1994.tb00057.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY

摘要:

“As the number of institutional investors increased, some prophets said that these investors, moved by their stakes and informed by their expertise, would begin to play in earnest the supervisory roles of the legendary stockholder. But through the 1960's [equally true through the 1990's] the record showed little to bear out the prophecies. The size of their assets commanded respect when institutional investors sought information; by their probing they introduced some fresh surveillance into corporate affairs. Nonetheless, the institutional investors generally behaved as individuals did; like individuals, they expressed dissatisfaction with the government of a corporation by selling out rather than by voting their shares for new men or different decisions. On rare occasions institutional investors cast their weight for a change in top management; rarer was evidence of their influence brought to bear on particular issues of corporation policy

ISSN:0964-8410    

DOI:10.1111/j.1467-8683.1994.tb00058.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY

ISSN:0964-8410    

DOI:10.1111/j.1467-8683.1994.tb00059.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY

摘要:

In the UK, recently, there has been an intense debate about what constitutes good corporate governance. This paper presents the results of a retrospective postal survey into the nature of corporate governance structures in UK companies. The objective of this paper is to isolate the extent to which key corporate governance innovations are being adopted in the boardrooms of UK companies. The main findings can be summarised as follows: (i) 77 per cent of the sample of quoted companies separated the role of chief executive officer and chairman in 1993 compared to 57 per cent in 1988; (ii) 94 per cent of quoted companies operated remuneration committees in 1993 as compared to 54 per cent in 1988; (iii) the incidence of audit committees among companies has doubled between 1988 and 1993 whilst the incidence of nomination committees has trebled; (iv) in apparent contradiction of the Institutional Shareholders’ Committee recommendation, of those companies that operated remuneration committees in 1993, 40 per cent had the top executive director as a committee member. Overall the picture that emerges is of radical change in governance innovation since the late 1980

ISSN:0964-8410    

DOI:10.1111/j.1467-8683.1994.tb00060.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY

摘要:

Using 20 bankers as subjects, this exploratory study examined the effects of audit committees on bankers’ perceptions of auditor independence. Results reject the null hypothesis which suggest that bankers place more reliance on financial statements in considering loan applications given information on the presence of audit committees than given information on their absence. Those bankers given information on the presence of audit committees recommended a lower interest rate premium than those given information on the absence of audit committees. These findings suggest that bankers given information on the presence of audit committees perceived a lower loan risk as a result of a higher confidence in the auditor to maintain independence than those given information on the absence of audit committees. It can then be concluded that audit committees had a significant effect on bankers’ perceptions of auditor independe

ISSN:0964-8410    

DOI:10.1111/j.1467-8683.1994.tb00061.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY

摘要:

The following report is reproduced with the permission of CIMA – The Chartered Institute of Management Accountants from their booklet A Framework for Internal Control.*This report is published here to contribute to the current debate on corporate governance and to provide a wider understanding of the nature of internal control in business organisation

ISSN:0964-8410    

DOI:10.1111/j.1467-8683.1994.tb00062.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY

ISSN:0964-8410    

DOI:10.1111/j.1467-8683.1994.tb00063.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY

ISSN:0964-8410    

DOI:10.1111/j.1467-8683.1994.tb00064.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY

摘要:

Book Reviwes in The Article:Johnson, Gerry and Kevan Scholes, (1993) Exploring Corporate Strategy – text and cases, Prentice Hall, London.Kennedy, Paul, (1993) Preparing for the Twenty‐Firs t Century, HarperCollins, London.Nobes, Christopher, (1992) Accounting Harmonisation in Europe: Process, Progress and Prospects, Financial Times Business Information, Lon

ISSN:0964-8410    

DOI:10.1111/j.1467-8683.1994.tb00065.x

出版商:Blackwell Publishing Ltd    

年代:1994

数据来源: WILEY