000			02900nam a22002297a 4500
999			_c4171 _d4171
005			20221205155405.0
008			221205b ||||| |||| 00| 0 eng d
020			_a9781108725316
082			_a346.0922 _bWIT
100			_aWitney, Simon _910522
245			_aCorporate governance and responsible investment in private equity
260			_bCambridge University Press _aUnited Kingdom _c2022
300			_axii, 228 p.
365			_aGBP _b21.99
504			_aTable of Contents Introduction Part I. How Should Private Equity Governance Systems Look?: 1. Mapping an analytical framework 2. Private ordering in private equity and its implications Part II. What Actually Happens?: 3. Agency cost mitigation 4. Improving decision-making and protecting wider interests Part III. Corporate Governance Regulation in the UK and Private Equity's Response: 5. The relevance of business judgement regulation 6. Dealing with the duties to avoid and disclose conflicts of interest 7. Rules affecting the exercise of power by shareholders and their nominated directors 8. Recent corporate governance reforms, best practice codes and their impact Part IV. How Governance Can Affect Corporate Performance: 9. How do academics explain private equity outperformance? 10. Improving governance to improve performance Conclusion. Corporate governance and responsible investment Bibliography Index.
520			_aPrivate 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. Presents a revised theory of private equity governance that addresses the gaps in existing academic theory Assists academics and practitioners in analysing and applying the law, and helps policymakers in considering law reform Demonstrates identified good practices and facilitates comparative benchmarking
650			_aVenture capital--Law and legislation _910523
650			_aPrivate equity funds--Law and legislation _910524
650			_aCapital investments--Law and legislation _910525
650			_aCorporate governance--Law and legislation _99927
942			_2ddc _cBK