Overview
- Examines major corporate meltdowns and how we can prevent them from happening again; from one of the authors of the best-selling book Greed and Corporate Failure
- Features in-depth case studies on Olympus, Co-op, CNP, HSBC and Kids Company amongst others
- Examines the less widely understood world of corporate China with detailed discussion of Sino-Forest, the Glaxo fraud and Alibaba
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Table of contents (10 chapters)
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Front Matter
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Back Matter
Keywords
About this book
Driven to the Brink is a collection of short stories about corporate disasters and how inadequate governance and flawed culture caused a massive destruction of shareholder value.
Look at any major corporate meltdown and two factors emerge: a failure of corporate governance and a culture where short-termism and greed are rewarded and risk is encouraged to flourish unchecked.
Two years before the latest crash, Alicia Micklethwait co-wrote the best-selling Greed and Corporate Failure which examined some of the high profile corporate disasters of the early years of the 21st century. Sadly those lessons were forgotten. Companies have continued to be Driven to the Brink of disaster.
Now, with co-author Patty Dimond, they examine what we must learn this time around. Drawing on in-depth case studies of the Libor scandal, Olympus, Co-op, Kids Company and others, Dimond and Micklethwait ask whathave we learned and more importantly, what can we do to prevent these disasters from happening again?
They also examine the large, emerging and less widely understood world of Corporate China with detailed discussion of the Lixel and Glaxo frauds. On a positive note, staying with China, they look at the story of Alibaba and ask is an ethical culture enough to protect shareholder rights?
Authors and Affiliations
About the authors
Alicia Micklethwait is a graduate of the University of Oxford, a member of the Chartered Institute of Management Accountants and has an MBA from IMD. She is CFO of a technology start-up company and has held senior accounting and commercial positions in multinational manufacturing companies in London and Brussels. Alicia has taught accounting and finance at several European business schools and in China and co-wrote Greed and Corporate Failure together with Professor Stewart Hamilton.
Patricia Dimond has 25+ years of board level experience in consumer markets in London, Geneva, New York and Toronto and is a McKinsey Alumni. She is currently involved in early stage Investment and fund management. She is a CFA, a member of the Institute of Chartered Financial Analysts, and has served on the Board of the Swiss CFA society. Patty graduated from Canada’s Richard Ivy School of Business, with an HBA and has an MBA from IMD, Switzerland. She qualified as a chartered accountant (CA) working with Deloitte Haskins and Sells.
Bibliographic Information
Book Title: Driven to the Brink
Book Subtitle: Why Corporate Governance, Board Leadership and Culture Matter
Authors: Alicia Micklethwait, Patricia Dimond
DOI: https://doi.org/10.1057/978-1-137-59053-4
Publisher: Palgrave Macmillan London
eBook Packages: Business and Management, Business and Management (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2017
Hardcover ISBN: 978-1-137-59051-0Published: 27 March 2017
Softcover ISBN: 978-1-349-95493-3Published: 21 July 2018
eBook ISBN: 978-1-137-59053-4Published: 14 March 2017
Edition Number: 1
Number of Pages: XVIII, 244
Topics: Corporate Governance, Business Strategy/Leadership, Business Ethics, Corporate Social Responsibility, Banking