International Information Programs

Promoting Growth Through Corporate Governance

Promoting Growth Through
Corporate Governance

PDF version of 'Promoting Growth Through Corporate Governance'



An Electronic Journal of
the U.S. Department of State
February 2005

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Promoting Growth Through Corporate Governance

CONTENTS

About This Issue
The Editors
Laying the Groundwork For Economic Growth
Ira M. Millstein, Senior Partner, Weil, Gotshal & Manges, LLP
Corporate governance is becoming increasingly important for companies and developing countries seeking to attract investment.

Fostering an International Regulatory Consensus
Ethiopis Tafara and Robert D. Strahota, Office of International Affairs, Securities and Exchange Commission
U.S. regulators are working with their counterparts worldwide to facilitate compliance with the Sarbanes-Oxley Act of 2002.

Prosecuting Corporate Crimes
Christopher Wray, Assistant Attorney General, Criminal Division, Department of Justice
The U.S. Department of Justice is moving decisively to crack down on corporate officials who abuse their positions at the expense of shareholders.

Corporate Governance: The Development Challenge
Charles Oman and Daniel Blume, Organization for Economic Cooperation and Development
Developing countries face the challenge of transforming political and economic governance arrangements from relationship-based systems into rules-based systems.

Creating a Sustainable Corporate Environment
John Sullivan, President, Center for International Private Enterprise, and Georgia Sambunaris, Capital Markets Specialist, U.S. Agency for International Development
The United States is devoting growing resources to help transition and developing economies create environments that nurture competitive, profitable, and ethically managed businesses.

Training Managers for the Future
Mary C. Gentile, International Business Consultant
Ethics and governance are among the most important lessons that future managers need to learn.

The Case for Powerful Shareholders
Robert A.G. Monks, Founder, Institutional Shareholder Services, Inc.
Effective shareholders are good for business and the economy.

A Business Perspective on Corporate Governance
Interview With Rosemary Kenney and Nancy Nielsen, Pfizer Inc.
Businesses that hope to succeed in today's global marketplace must incorporate newer, stricter legal requirements and also take into account growing social expectations.

Governing Family Businesses
John L. Ward, Center for Family Enterprises, Kellogg School of Management, Northwestern University
Successful family firms are those that properly define the roles and responsibilities of ownership, management, and the board of directors.

Key OECD Principles of Corporate Governance

Bibliography

Internet Resources

Promoting Growth Through Corporate Governance

eJournal USA

eJournal USA:
Economic Perspectives

Volume 10, Number 1 February 2005


The Bureau of International Information Programs of the U.S. Department of State publishes five electronic journals—Economic Perspectives, Global Issues, Issues of Democracy, Foreign Policy Agenda and U.S. Society & Values—that examine major issues facing the United States and the international community as well as U.S. society, values, thought, and institutions. Each of the five is catalogued by volume (the number of years in publication) and by number (the number of issues that appear during the year).

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Editor, eJournal USA: Economic Perspectives
IIP/T/ES
U.S. Department of State
301 4th St. S.W.
Washington, D.C. 20547
United States of America

E-mail: ejecon@state.gov

Editor Jonathan Schaffer
Managing Editors Berta Gomez
Andrzej Zwaniecki
Contributing Editors Linda Johnson
Martin Manning
Kathryn McConnell
Bruce Odessey
Illustrations Editor Barry Fitzgerald
Cover Design Min Yao
____________________
Publisher Judith S. Siegel
Executive Editor Guy E. Olson
Production Manager Christian Larson
Assistant Production Manager Sylvia Scott
Editorial Board George Clack
Kathleen R. Davis
Peggy England
Alexander Feldman
Francis B. Ward