Directors are key decision-makers in any organisation, whether
it is in the public sector, a family business or a transnational
company. The UK Companies Act 2006 codified directors' duties for
the first time and describes the director as the 'most likely to
promote the success of the company for the benefit of its members
as a whole'.
This book addresses key tensions and problems involved in the
duties and responsibilities of the director in promoting success,
including corporate culture and credibility, trust, risk and
uncertainty, collective responsibility, and the degree of control.
The book considers directors' decision-making in both private and
public sector organisations and explicitly examines aspects of
decision-making during periods of financial distress. The book
compares the legal contexts of director's decisions in the UK to
those of the USA, Germany and Australia, and takes an
interdisciplinary approach in its combination of management theory,
economic theory and behavioural studies. In doing so the book
addresses issues key to the understanding of corporate governance
in light of recent financial crises.
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