Ownership and Value Creation: Strategic Corporate Governance in the New Economy

Sustainable business success is ultimately dependent upon the quality of the ownership involved
The role of ownership is not only to supply risk capital and make management accountable reactively. Owners have a crucial value creation role to play in seeing to it that risks are reduced and eliminated through proactive initiatives and measures. This requires competence as well as the will and the position to exercise such ownership.
This book addresses these issues of ownership and value creation from three different perspectives:
* It reviews the advancement of the corporate governance movement by an anlysis of its emergence, driving forces, current status and future challenges in the five largest economies in the world: the USA, the UK, Germany, France, and Japan. In addition, it discusses the prospects of international convergence of corporate governance standards as well as the challenges for corporate governance and ownership in the new economy.
* An in-depth study of one of the most successful owners in the world - the Wallenberg sphere of Sweden. The Wallenberg dynasty has for almost 150 years been the proactive owner behind a number of successful international corporations such as ABB, AstraZeneca, Atlas Copco, Ericsson, Scania and many others. The case study provides crucial lessons to be learnt by proactive owners around the world.
* A conceptual framework and analytical tools illustrated by practical examples to address issues of value creation and the role of ownership. This includes a thorough analysis of different types of risks, risk logic and dynamics, as well as concepts for the reduction/elimination of risks. Finally, the empirical and conceptual analyses are synthesised into recommendations for how the function of ownership and corporate governance could be enhanced to achieve sustainable business prosperity.