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.

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.