Transforming Governance: New Values, New Systems in the New Business Environment (Finance, Governance and Sustainability: Challenges to Theory and Practice)

Transforming Governance: New Values, New Systems in the New Business Environment, edited by Maria Aluchna and Güler Aras addresses the current state, as well as the development of corporate governance and its perceived tasks and functions, in response to the changing market and regulatory environment. Divided into three parts, the book firstly addresses the variety of theoretical approaches. The inefficiencies, scandals and crises as well as the significant shortcomings and current criticism of shareholder value provide a new setting and theoretical assumptions for the purpose and role of corporate governance in the economy and society. The second section of the book goes on to discuss the forces which lead to the changing corporate governance paradigm, as companies are expected to incorporate not only shareholders but also stakeholders expectations and report and improve upon social and environmental performance. The focus of this section is to present the impact of stakeholders, the requirement for corporate social responsibility and sustainability, as well as the increasing importance of women in management and their participation at corporate board level. Section Three contains corporate governance case studies within various organizational and institutional settings; including the case of family companies, social enterprises/benefit corporations, sustainable companies and emerging markets. The book's contributors comprise both researchers and business experts addressing both theoretical and practical dimensions.

Maria Aluchna is an associate professor at the Department of Management Theory, Warsaw School of Economics, Poland. She specializes in corporate governance, strategic management and corporate social responsibility. She teaches ’Corporate governance’, ’Transition in Central and Eastern Europe’ and ’Strategic management’. She was awarded the Deutscher Akademischer Austauchdienst (DAAD, 2001/2002) scholarship for a research stay at Universität Passau and the Polish-American Fulbright Commission scholarship at Columbia University (2002/2003). Güler Aras is a professor of Finance and Accounting at Yildiz Technical University, Istanbul, Turkey, and a Visiting Professor at Georgetown University McDonough School of Business. She is the founding director of the Center for Finance, Governance and Sustainability (CFGS) at YTU. She is the former Dean of the Faculty of Administrative and Economic Sciences and of the Graduate School. Her research focus is on financial economy and financial markets with particular emphasis on the relationship between sustainability, corporate governance, corporate social responsibility, and corporate financial performance. Professor Aras has published more than 20 books and has contributed over 250 articles to academic, business and professional journals and edited several book collections. Her most recent book, titled Sustainable Markets for Sustainable Business: A Global Perspective for Business and Financial Markets, was published by Gower in 2015.