Governing Continuous Transformation
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Governing Continuous Transformation
This book transposes the ‘free-energy principle’, as espoused by the neuroscientist Karl Friston, to strategic governance, and forming the new concept of Free-Energy Governance (FEG). This concept lays the foundation for a new logic of governing continuous transformation. In addition to guiding the structure, cognition, and capabilities of success in strategic renewal, FEG provides a systematic and practice-relevant approach to predicting a firm’s potential for entropy. Using this new concept, the author shows that the success of continuous strategic renewal and business innovation, elements crucial for firm survival, are determined by the triplet of a firm’s structure, cognition, and dynamic board capabilities. “How to govern large organizations in times of high uncertainty and permanent change? To answer this pressing question, ... Bijan Khezri has been the first to apply [the free energy] principle to management science ... This book is an eyeopener for every reflective leader. ̈ Professor Oliver Gassmann, Director of the Institute of Management and Technology, University of St. Gallen “I really enjoyed reading this book. It was both exciting and reassuring to see how the same fundamental ideas can be found in fields as disparate as nonequilibrium steady-state physics and theories of governance.” Professor Karl. J. Friston; Director of the Wellcome Centre for Human Neuroimaging “Using a term often applied to best-selling novels, ‘it is a page turner’ in which I learned something new in every chapter! Every board member, all executives and scholars interested in strategic leadership and governance must read this book if they wish to remain relevant in the coming transformational decades.” Michael A. Hitt University Distinguished Professor Emeritus, Mays Business School, Texas A&M University Former President, Academy of Management, and former Editor, Academy of Management Journal "We could not ask for a better author to initiate this new conversation in the board research community and convey its merits to the world of board practice." Martin Hilb Professor Emeritus, University of St. Gallen Founder and Managing Partner, International Board Foundation and President of Swiss Institute of Directors “Set against a wide swath of literature, the book impressively makes the case for a new logic of strategic renewal in which the board of directors plays a central role.” Professor Constance E. Helfat, Tuck School of Business at Dartmouth
The Evolving Governance of EU Competition Law in a Time of Disruptions
Author: Carlo Maria Colombo
language: en
Publisher: Bloomsbury Publishing
Release Date: 2024-02-08
This book develops a timely analysis of the complex trends and transformations emerging in EU competition law in the current turbulent times. Repeated economic crises, the climate emergency, digitalisation, and geopolitical and democratic threats are all having profound societal and economic effects on the EU. In light of its fundamental role in the Treaties, EU competition law has been called upon to play an important role in responding to this state of 'turbulence'. This brings about significant governance and constitutional challenges, firstly by questioning how the governance of EU competition law is being transformed to respond and adapt. Secondly, these crisis-induced transformations probe the logic and constitutional limits of EU competition law within the framework of EU law. This collection brings together EU institutional and competition lawyers to reflect on the governance and constitutional challenges emerging from the post-modernisation evolution of EU competition law against the backdrop of the recent multiple crises in the EU. The essays focus on the substantive and procedural developments across the three main policy areas of EU competition law: antitrust, merger control and State aid. EU constitutional and competition lawyers will be interested in this important new collection.
The Key Code and Advanced Handbook for the Governance and Supervision of Banks in Australia
Author: Francesco de Zwart
language: en
Publisher: Springer Nature
Release Date: 2021-10-12
This Key Code and Handbook examines the corporate governance and accountability of Major Banks, their directors and executives which were the central focus of bank, Supervisor, Regulator and governmental activity and public scrutiny in 2018 and 2019. This book explores this responsibility focus by providing evidence from the Global Financial Crisis and beyond with both APRA and ASIC investigating illegal conduct, misconduct and conduct which was below the level of community expectations. This book discusses how the Royal Commission into misconduct in the banking and financial services industry has already given rise to a detailed Final Report whose recommendations are still being put into effect. Further, this book uses evidence provided by the large number of Prudential Standards issued by APRA and investigations into the conduct of Major Banks by Regulators. This book explores governance variables – over 1,700 in number and grouped into 159 ‘key groupings’ or separate categories – which are all indexed to 28 governmental, regulatory and supervisory reports and documents to create a governance code and commentary specifically tailored to Australian banks. Each governance variable is modelled on the Stage 1 Relational Approach contained in Enhancing Firm Sustainability Through Governance. Given the huge interest in the governance of banks, Parts 1 and 2 – explaining the Relational Approach - of Stage 1 were recently published in November 2018 and June 2019 in the Australian Journal of Corporate Law. This book is the largest reference book and handbook in publication worldwide containing the structures, mechanisms, processes and protocols – the checks and balances we call ‘governance variables’ – that deeply addresses and explains banking accountability and regulation in Australia.