Download or read book Corporate Governance of Media Companies written by Robert G. Picard and published by . This book was released on 2005 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Corporate Governance and Media written by Robert Edgell and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Media companies play an important role in the heated debate on corporate governance. A number of researchers argue that media has had an important lever function that helps all companies to comply with public expectations of good governance. In economic terms - the media selectively reduce the cost of acquiring and verifying information. This “transparency” is crucial since it gives stockholders and stakeholders access to information and shapes the reputation of board members who determine corporate policy. In order to contribute to this under-researched topic, we focused on corporate governance of media companies. Due to constraints of time and space, we limited our sample to a comparison of two companies from two different countries. First, as representative of arguably the most developed media market, we have chosen US based TimeWarner (TWX). With 2003 revenues of US$39.5 billion and nearly 80,000 employees, TWX is the world's largest media conglomerate. Offering a diverse range of consumer-oriented media products and services, TWX reaches globally diverse audiences in 200 countries. Second, and as a representative of one of the fastest growing markets, we have chosen Hong Kong based Phoenix Satellite Company Limited (PST). Revenue of the group in 2003 was approximately HK$709 million (US$91 million). Although launched only eight years ago, it has become the most popular TV news channel in mainland China with an audience of about 150 million people. We did not choose a mainland Chinese media organization given that most are state owned and operated and offer very little publicly available data. Furthermore, as mainland China's TV stations are all state-owned, they do not conform to “free market” governance approaches. Therefore, we selected PST; a listed Hong Kong based TV company to study. It is comparable to TWX in terms of its international board members, market-oriented corporate governance, and global Chinese audience market. While acknowledging the methodological shortcomings of such an approach, we found our case comparisons of two media companies useful for providing insights and conclusions. In order to control for country specific aspects, we decided to choose companies from two countries with essentially different political and social systems, i.e. the US and China. To compensate for the particularities of the two cases, we first reviewed literature on supervisory boards in China and the USA in general. This literature review provided important contextual grounding. Prepared by: Robert Edgell, Balazs Harasta, Roland Pfyl, and Yingzi Xu.

Download or read book The Corporate Governance Role of the Media written by Alexander Dyck and published by . This book was released on 2006 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the effect of media coverage on corporate governance by focusing on Russia in the period 1999-2002. This setting offers us three ideal conditions for such a study: plenty of corporate governance violations, no alternative mechanisms to address them, and the presence of an investment fund (the Hermitage) that actively lobbies the international press to shame companies perpetrating those violations. We find that Hermitages lobbying is effective in increasing the coverage of corporate governance violations in the Anglo-American press. We also find that coverage in the Anglo-American press increases the probability that a corporate governance violation is reversed. This effect is present even when we instrument coverage with an exogenous determinant, i.e. the Hermitages folio composition at the beginning of the period. The Hermitages strategy seems to work in part by impacting Russian companies reputation abroad and in part by forcing regulators into action.

Download or read book Corporate governance and risk identification in global media companies written by Juan Pablo Artero Muñoz and published by . This book was released on 2010 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Corporate Governance Role of the Media written by Alexander Dyck and published by . This book was released on 2002 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do media play any role in corporate governance? In this paper we argue that media pressure corporate managers and directors to behave in ways that are "socially acceptable". Sometimes this coincides with shareholders' value maximization, others not. We provide both anecdotal and systematic evidence that media affect companies' policy toward the environment and the amount of corporate resources that are diverted to the sole advantage of controlling shareholders. Our results have important consequences for the focus of corporate governance debate and for the feasibility of reforms aimed at improving corporate governance around the world.

Download or read book CSR Communication in the Media written by Franzisca Weder and published by Springer Nature. This book was released on 2023-03-22 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate social responsibility (CSR) is an established management focus of today's companies and organizations of different types, scope and size. Communication practices on CSR and sustainability in the media industry, related theoretical concepts, and empirical foundations have not yet been sufficiently explored. This book focuses on a new normative framework of sustainability, bridging the established debate on public value with the current debate on social impact and the social license to operate in the media industry. With a variety of contributions from theory and practice, the book addresses the dual nature of media and media companies, which simultaneously produce economic and cultural goods and thus bear a "double responsibility": on the one hand, for the way they present reality, monitor and criticize economic and political developments, and bring ethical concerns to the public debate. On the other hand, they bear responsibility for their own activities as companies (license to operate). The book is therefore aimed at readers interested in the journalistic perspective and at executives in the media industry.

Download or read book Corporate Governance a Board Director S Pocket Guide written by Dr. Eric Yocam and published by iUniverse. This book was released on 2010-02-22 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: The demands for better corporate leadership and governance continue to receive greater attention in the media. Given the significant failures in the boardroom from companies such as Enron, Global Crossings, WorldCom, Digital Equipment Corporation, Bre X, Credit Suisse, First Boston, Credit Lyonnais, Adelphia, Paramalat and Tyco, the board of director position is a pivotal role. Navigating this potential minefield is difficult but not impossible. In Corporate Governance: A Board Directors Pocket Guide, authors Dr. Eric Yocam and Dr. Annie Choi present the corporate governance principles in a complete and accessible manner. This second edition not only provides access to vital information on corporate governance, but also offers a source of the best critical leadership practices for the director. Organized in a convenient and easy-to-use format, this guide discusses numerous corporate governance topics, including: Board characteristics Director effectiveness Director mentoring Compliance Risk management Capability maturity models Total Cost of Ownership (TCO) technique Emerging governance trends This pocket guide promotes corporate governance awareness to an audience beyond the active corporate director for profit and nonprofit companies. Investors, instructors, students, governance practitioners, lawyers, international readers, and anyone interested in corporate governance can achieve greater understanding of a topic essential to today's business success.

Download or read book Value Oriented Media Management written by Klaus-Dieter Altmeppen and published by Springer. This book was released on 2017-04-27 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the light of a rapidly changing media industry with new technologies, actors and advertising models, and the critical role of media in society, this volume highlights the meaning of different values in media companies and media managers’ decisions. It discusses how economic as well as societal values can be equally integrated in media management processes and how such values affect the internal as well as external environment of media companies. The contributions analyze various issues in media management, such as the relationship between quality and audience demand, the role of branding in building values, changes in the value chain, and the impact of deregulation. Further important topics include hypercompetition, mediatization, challenges for media managers and the meaning of corporate social responsibility.

Download or read book The Role of the Broadsheet Newspaper Media in Corporate Governance written by Louise Gorman and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the impact of broadsheet newspaper reporting of takeover offers and market abuse cases on the corporate governance quality of the UK listed companies involved. The study examined 111 takeover offers and 25 market abuse cases from 2001 to 2010. Corporate governance quality is assessed from the perspective of the board of directors using an original scoring methodology devised herein. The scoring methodology is founded upon principles of best practice set out in UK regulatory guidelines; the statutory responsibilities expected of boards of UK companies; and recommendations expressed in academic commentary and specialist reports on corporate governance. The level of newspaper reporting is measured using the archives of eight prominent UK broadsheet publications. The results of statistical analysis indicate a significant association between changes in corporate governance quality and newspaper reporting on takeover offers but not for market abuse cases. This study sheds insight into the role the broadsheet media plays in corporate governance and contributes to a growing strand of research on the capacity of the media to lower agency costs. Findings imply that the broadsheet newspaper media serves a potentially important function in facilitating the operation of the market for corporate control. Specifically, by reporting on companies' vulnerability to takeover, the newspaper media can create reputational costs for target directors thereby encouraging governance improvements in target companies. This thesis adds to an extensive body of literature on corporate governance and the market for corporate control in the UK by identifying the newspaper media as a significant intermediary in the context of the London Stock Exchange. Findings suggest a need for enhanced shareholder monitoring of boards of targets of failed takeover offers; greater clarity in guidelines on best practice in corporate governance; and increased acknowledgement of the impact of the media on corporate governance at policy level.

Download or read book Governance in the Digital Age written by Brian Stafford and published by John Wiley & Sons. This book was released on 2019-04-16 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new edition of the #1 text in the human computer Interaction field! This book seeks to chart the technology-fueled changes taking place in the field of corporate governance and describes the impact these changes are having on boards and the enterprises they govern. It also describes what the future could look like once companies truly embrace the power of technology to change governance. Additionally, this book will provide a set of "suggested action steps" for companies and their boards focused on ways they can leverage technology tools to enhance governance immediately. Through a review of the latest governance research, interviews with key thought leaders, and case studies of enterprises that have embraced governance technology, readers will be armed with new insights and approaches they can take to enhance the work of their boards and senior leaders to reach new levels of performance. Explains how to use design and evaluation techniques for developing successful interactive technologies Demonstrates, through many examples, the cognitive, social and affective issues that underpin the design of these technologies Provides thought-provoking design dilemmas and interviews with expert designers and researchers Uses a strong pedagogical format to foster understanding and enjoyment An accompanying website contains extensive additional teaching and learning material including slides for each chapter, comments on chapter activities, and a number of in-depth case studies written by researchers and designers.

Download or read book Corporate Governance and Risk Identification in Global Media Companies written by Juan P. Artero and published by . This book was released on 2009 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Toward a Stakeholder Model of Corporate Governance written by Guosong Shao and published by . This book was released on 2009 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: It has been widely recognized that corporate governance can play a key role in improving corporate performance. When implementing various governance mechanisms, however, corporations must address a fundamental question: should corporate governance focus on protecting the interests of only shareholders or should corporate governance expand its focus and consider the interests of other groups? While agency theory asserts that the exclusive focus of corporate governance is to ensure the interests of shareholders, stakeholder theory proposes that corporations should serve all groups or individuals who have a stake in the corporation. Like that of other industries, corporate governance of media industries has generally followed the agency model of maximizing shareholder wealth. But the weakness and failure of such a model in recent years suggest that it may be meaningful to approach the issue from an alternative, stakeholder perspective. Focusing on 75 publicly traded media companies continuously filed with the U.S. Securities Exchange Commission between 2004 and 2007, this dissertation examined the effects of ownership structure, board structure, compensation structure, and takeover control on corporate performance. It found that stakeholder-oriented governance mechanisms, including reduced institutional ownership, increased insider ownership, enlarged board representativeness, increased board interlocks, fixed compensation for CEO and directors, and certain takeover controls like dual class shares and poison pills, were positively associated with media firms' performance. This dissertation thus suggested that corporate governance of media companies go beyond the pure shareholder-maximization goal and consider the interests of such stakeholders as employees, audience, and local communities because the stakeholder approach was not only socially desirable but also economically efficient. This dissertation theoretically contributed: (1) to the media management literatures through offering a systematic examination on the governance mechanisms of media companies; (2) to the stakeholder perspective through opening up a new and empirical line of inquiry; and (3) to the corporate governance research through challenging its traditional shareholder-maximizing paradigm. Moreover, this dissertation had important implications for media practitioners and regulators since it proposed and verified a number of better governance mechanisms that can be put into practice.

Download or read book Challenges and Opportunities of Corporate Governance Transformation in the Digital Era written by Kuznetsov, Mikhail Yevgenievich and published by IGI Global. This book was released on 2019-12-27 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: While corporate governance has been a successful concept throughout the centuries, it is in question whether this concept can remain sustainable in the digital era and during a time of technological and managerial disruption. Under the pressure of new economic, social, and ecologic challenges, it is vital to understand how this concept needs to transform. Challenges and Opportunities of Corporate Governance Transformation in the Digital Era is an essential reference source that discusses concepts, trends, and forecasts of corporate governance and examines its transformation under the pressure of new technologies and economic changes. Featuring research on topics such as corporate identity, e-commerce, and cost management, this book is ideally designed for corporate leaders, managers, executives, business professionals, consultants, professors, researchers, and students.

Download or read book Who s Running the Company written by Global Corporate Governance Forum and published by . This book was released on 2012 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Regulation Governance and Convergence in the Media written by Peter Humphreys and published by Edward Elgar Publishing. This book was released on 2018-08-31 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Media convergence is often propounded as inevitable and ongoing. Yet much of the governance of the media sector’s key parts has developed along discrete evolutionary paths, mostly incremental in character. This volume breaks new ground through exploring a diverse range of topics at the heart of the media convergence governance debate, such as next generation networks, spectrum, copyright and media subsidies. It shows how reluctance to accommodate non-market based policy solutions creates conflicts and problems resulting in only shallow media convergence thus far.

Download or read book Media and Governance written by Thomas Schillemans and published by Policy Press. This book was released on 2019-01-16 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published as a special issue of Policy & Politics, this updated volume explores the intersections between governance and media in western democracies, which have undergone profound recent changes. Many governmental powers have been shifted toward a host of network parties such as NGOs, state enterprises, international organizations, autonomous agencies, and local governments. Governments have developed complex networks for service delivery and they have a strategic interest in the news media as an arena where their interests can be served and threatened. How do the media relate to and report on complex systems of government? How do the various governance actors respond to the media and what are the effects on their policies? This book considers the impact of media-related factors on governance, policy, public accountability and the attribution of blame for failures.

Download or read book Corporate Governance written by Walter Effross and published by Aspen Publishing. This book was released on 2014-12-09 with total page 842 pages. Available in PDF, EPUB and Kindle. Book excerpt: Walter Effross is a superb teacher and succeeds in making a sometimes dry subject interesting to students. Corporate Governance contrasts schools of thought, explaining the conflicts between such theories as contractarianism and communitarianism, and such emerging academic approaches as empiricism and behavioral economics. The text includes excerpts from only the most important sections of judicial decisions along with their relevant factual and procedural context. Extensive notes address the reactions to decisions from other courts, commentators, counsel, and executives. Dozens of examples ripped from the headlines, excerpted from actual corporate documents, and drawn from popular culture illustrate key principles and spark class discussions. More than one hundred suggestions for paper topics are especially useful for participants in research and writing seminars. An appendix categorizes and details more than eighty separate initiatives that shareholder activists and commentators have proposed. A wide range of excerpts from corporate documents and court decisions interpreting these materials help students translate the caselaw and learn drafting techniques. The Second Edition reflects legislative, regulatory, judicial, and Fortune 500 developments since mid-2009 as well as new examples from corporate documents, the Great Books, and popular culture. Detailed coverage of new and emerging topics includes discussion of the governance of nonprofit corporations the emerging types of social enterprises such as benefit corporations, B corporations, and flexible purpose corporations; the board s responsibility to rein in the cyber-risks raised by hackers, e-mails, Web sites, and social media; and the implications for directors, officers, and counsel of new research on avoiding common cognitive traps that compromise decision-making in situations of risk and uncertainty. The Second Edition explores governance changes wrought by the financial crisis and reform legislation; the responsible corporate officer doctrine, the honest services doctrine, and other theories of executive liability; issues raised by crowdfunding ; and the consequences of the Citizens United decision removing limits on companies independent political expenditures. New appendices give detailed advice on identifying, developing, refining, and researching topics for articles and on using the publishing process to invigorate one s professional network and career.