Behavioural Risks in Corporate Governance : Regulatory Intervention As a Risk Management Mechanism.

Cover -- Title Page -- Copyright Page -- Table of Contents -- Table of cases -- Table of legislation -- Table of codes, guidelines and guidance -- List of figures -- Acknowledgements -- 1 Introduction -- 1.1 Background and overview -- 1.2 Research paradigm and methodology -- 2 A discussion of relevant literature -- 2.1 Introduction -- 2.2 Corporate theories -- 2.3 Corporate governance -- 2.4 The corporate board and company directors -- 2.5 Corporate failures -- 2.6 Personality and behaviour -- 2.7 Corporate risk and risk management -- 2.8 Regulatory theories -- 2.9 Conclusion -- 3 Risk and corporate governance -- 3.1 Introduction -- 3.2 Risk -- 3.3 Risk management -- 3.4 Risk, personality and behavioural risk in corporate governance -- 3.5 The UK Corporate Governance Code -- 3.6 UK Companies Act -- 3.7 Other regulations/corporate mechanisms -- 3.8 Conclusion -- 4 Impact of behavioural risks in corporate governance -- 4.1 Introduction -- 4.2 Investigations and reports -- 4.3 The behaviour of company directors in corporate failures -- 4.4 Judicial and societal perspectives -- 4.5 Consequential issues -- 4.6 Conclusion -- 5 Personality and corporate governance -- 5.1 Introduction -- 5.2 What is personality? -- 5.3 The Five-Factor Model of personality -- 5.4 Identification of personality dimensions -- 5.5 Personality traits and corporate governance -- 5.6 Personality traits and specific job performance -- 5.7 Conscientiousness -- 5.8 Conclusion -- 6 Conceptual framework for personality risk management -- 6.1 Introduction -- 6.2 What needs to be done? -- 6.3 Approaches to managing personality risks -- 6.4 Indicators of effectiveness -- 6.5 Why choose a regulatory regime? -- 6.6 Corporate and regulatory theories in the management of personality risks -- 6.7 Aims of the personality risk management model -- 6.8 Conclusion -- 7 The model.

7.1 Preliminary issues -- 7.2 The model in detail -- 7.3 The model and the present UK behavioural risk management mechanisms: limitations in the status quo -- 7.4 Practical importation of the model into the present UK regime -- 7.5 Considerations in relation to the model -- 7.6 Conclusion -- 8 Conclusion -- 8.1 Overview of arguments -- 8.2 Recommendations for future research and development -- Index.

The book examines behavioural risks in corporate governance, and evaluates the extent to which risk management mechanisms have acknowledged various aspects of behaviour. Drawing from cases in the UK, the US and Australia and research in psychology and the behavioural sciences, Okoye argues that current corporate governance mechanisms lack provision for identifying personality risks, and suggests how constituent elements of behaviour should be engaged with when developing preventive mechanisms for corporate failures. Okoye presents a conceptual framework for identifying and managing personality risks, and explores how personality risk may be built into corporate governance regulation.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.