Corporate governance and responsible investment in private equity / Simon Witney.

Format:

Book

Author/Creator:

Witney, Simon R, author.

Series:

International corporate law and financial market regulation.

International corporate law and financial market regulation

Language:

English

Subjects (All):

Private equity--Law and legislation.

Private equity.

Private equity funds--Law and legislation.

Private equity funds.

Stock holders--Legal status, laws, etc.

Stock holders.

Venture capital--Law and legislation.

Venture capital.

Capital investments--Law and legislation.

Capital investments.

Agency (Law).

Corporate governance--Law and legislation.

Corporate governance.

Physical Description:

1 online resource (xii, 228 pages) : digital, PDF file(s).

Place of Publication:

Cambridge : Cambridge University Press, 2021.

Summary:

Private equity-backed companies are ubiquitous and economically significant. Consequently, the corporate governance of these companies matters to all of us, and - not surprisingly - is coming under increasing scrutiny. Simon Witney, a practicing private equity lawyer, positions private equity portfolio companies within existing academic theory and examines the laws that apply to them in the UK. He analyses the actual governance frameworks that are put in place and identifies problems created by the legal rules - as well as the market's solutions to them. This book not only explains why these governance mechanisms are established, but also what they are expected to achieve. Witney suggests that private equity owners have both the incentives and the capability to focus on responsible investment practices. Good governance, he argues, is a critical success factor for the private equity industry.

Contents:

Mapping an analytical framework

Private ordering in private equity and its implications

Agency cost mitigation

Improving decision-making and protecting wider interests

The relevance of business judgement regulation

Dealing with the duties to avoid and disclose conflicts of interest

Rules affecting the exercise of power by shareholders and their nominated directors

Recent corporate governance reforms, best practice codes and their impact

How do academics explain private equity outperformance?

Improving governance to improve performance

Conclusion : Corporate governance and responsible investment.

Notes:

Title from publisher's bibliographic system (viewed on 16 Nov 2020).

ISBN:

1-108-62766-8

1-108-63969-0

1-108-64183-0

OCLC:

1156416461