Corporate Governance, Corporate Social
Responsibility and Sustainability Practices in Oil Companies
R.K. Mishra‚ Stuart Locke
Responsibility and Sustainability Practices in Oil Companies
About the Book
In recent years, corporate governance has gained tremendous importance and interest among emerging and developing countries due to the emergence of global norms for corporate governance and the developments brought about through globalisation concerning harmonisation of procedures and structures. However, there is a limited research and literature found on the topic compared to advanced economies. In 2013, for the first time, developing and emerging countries are projected to have bigger economies than advanced and developed countries. Although this is only true for GDP measured in purchasing power parity (PPP) terms, it is expected to set the trend for decades to come.
Due to the increased importance of emerging economies and corporate governance, this book offers insight into various related issues in the public and private sector in the emerging economies, written from an academic perspective. It also touches on the issues of corporate fraud, forgery, debt, corruption and integrity in the world of corporate governance. The volume is intended for practitioners and aspiring practitioners who are interested in exploring the topic of corporate governance in the emerging economies.
About the Author(s) / Editor(s)
Geeta Rani Duppati is Senior Lecturer, Department of Finance, Waikato University, New Zealand and also Visiting Professor, Institute of Public Enterprise (IPE), Hyderabad, India. Apart from teaching, her research interests include: performance appraisal of state level public enterprises, corporate governance, public and private enterprises, mergers and acquisitions and CSR/sustainability studies. She has taught at undergraduate, graduate and postgraduate levels at Addis Ababa University and Debub University in Ethiopia; Asmara University and Asmara Commercial College in Asmara, Eritrea, and Aukland University of Technology, Auckland and University of Waikato, New Zealand.
R.K. Mishra, Senior Professor and Director, IPE, Hyderabad, did his PhD from University of Rajasthan. A Visiting Fellow at London Business School (UK), he also studied for International Teachers programme at SDA Bocconi, Milan. Dr Mishra taught at the University of Bradford and was a Visiting Professor at Maison Des Sciences De L’ Hommes, Paris and Faculty of Economics, University of Ljubljana, Slovenia. His areas of interest include: corporate governance, international management, international finance, public-private partnership and restructuring and environmental administration.
Stuart Locke is Professor, Department of Finance, University of Waikato, New Zealand. Dr Locke has a background in finance, economics and chartered accountancy. His current research interests are in corporate governance in mature and emerging markets across the spectrum from small businesses, cooperatives, voluntary, state sector and listed public companies. He continues to publish widely in academic journals, participates regularly in media events, public speaking at conventions and is a Board member of his local Chamber of Commerce
contents in details
List of Tables, Figures and Appendices
Preface
1. Corporate Social Responsibility, Corporate Governance
and Sustainability
Introduction
Corporate Social Responsibility
Corporate Governance
Sustainability and Sustainable Performance
Issues of Sustainability for Oil Companies
Successful Corporate Cases with Sustainability Practices
Finance: An Inclusive Model—A Paradigm Shift
CSR Reporting: A Collaborative Model
Sustainability Practices: An Inclusive Model
Role of Boards
Case Point
Case of Auckland Airport
CSR and Corporate Governance: A Case of India
and New Zealand
2. Theoretical Perspective: Board Structure and Duality
About Corporate Governance
Board Structure and Board Effectiveness
The Board and Management Differentiated
Board Leadership Structure
The Role of a Chairperson
The Role of a MD/Chief Executive
Separation of the Roles of Chairman and the MD
Independent Directors
Independent Directors: New Zealand Context
Non-Executive Director
Duality
The Board and Management
Theories Relevant to Duality Issues
Factors that Differentiate between Agency and
Stewardship Theories
Situational Factors
Case Point
Review of Issues in Corporate Governance: India
and New Zealand
3. Corporate Governance: Committees and Reports
Introduction
The Cadbury Report 1992
Code of Best Practice
The Greenbury Report 1995
The Hampel Report 1998
The Turnbull Report 1999
The Higgs Report 2003
The Smith Report 2003
Redraft of the Combined Code 2003
The Sarbanes-Oxley Act 2002
Indian Committees
4. International Perspective of Oil Trends
Introduction
Oil and Natural Gas
Alternative Energy Sources
Recent Trends in Oil/Energy
Production
Asia
Non-OECD-Europe and Eurasia
Case Point
Energy Policy of Five Asian Countries
5. Corporate Social Responsibility and Environment Sustainability:
A Case Approach
CSR and Environmental Stability Practices in BRICS Countries
CSR: Its Emergence
Case of Lukoil
Case of Petrobras
Case of Ecopetrol S.A.
Case of Oil India Ltd (OIL)
Case of Oil and Natural Gas Corporation Limited (ONGC)
Case Point
Montara Oil Spill in the Timor Sea:
“A Failure of Sensible Oilfield Practice”
6. Comparing the Similarities and Differences in Corporate
Governance Practices and Performance
Corporate Governance
Conclusions
| Publisher | AF Press |
| Publication Date | 2015 |
| Number of Pages | 245 |
| ISBN |
9789332701656 |
Academic Foundation (AF), based in New Delhi, is India’s leading independent publisher of academic/scholarly books in Social Sciences, specialising in Economics—Development Economics and Indian Economy in particular, and allied subjects.
About the Book
In recent years, corporate governance has gained tremendous importance and interest among emerging and developing countries due to the emergence of global norms for corporate governance and the developments brought about through globalisation concerning harmonisation of procedures and structures. However, there is a limited research and literature found on the topic compared to advanced economies. In 2013, for the first time, developing and emerging countries are projected to have bigger economies than advanced and developed countries. Although this is only true for GDP measured in purchasing power parity (PPP) terms, it is expected to set the trend for decades to come.
Due to the increased importance of emerging economies and corporate governance, this book offers insight into various related issues in the public and private sector in the emerging economies, written from an academic perspective. It also touches on the issues of corporate fraud, forgery, debt, corruption and integrity in the world of corporate governance. The volume is intended for practitioners and aspiring practitioners who are interested in exploring the topic of corporate governance in the emerging economies.
About the Author(s) / Editor(s)
Geeta Rani Duppati is Senior Lecturer, Department of Finance, Waikato University, New Zealand and also Visiting Professor, Institute of Public Enterprise (IPE), Hyderabad, India. Apart from teaching, her research interests include: performance appraisal of state level public enterprises, corporate governance, public and private enterprises, mergers and acquisitions and CSR/sustainability studies. She has taught at undergraduate, graduate and postgraduate levels at Addis Ababa University and Debub University in Ethiopia; Asmara University and Asmara Commercial College in Asmara, Eritrea, and Aukland University of Technology, Auckland and University of Waikato, New Zealand.
R.K. Mishra, Senior Professor and Director, IPE, Hyderabad, did his PhD from University of Rajasthan. A Visiting Fellow at London Business School (UK), he also studied for International Teachers programme at SDA Bocconi, Milan. Dr Mishra taught at the University of Bradford and was a Visiting Professor at Maison Des Sciences De L’ Hommes, Paris and Faculty of Economics, University of Ljubljana, Slovenia. His areas of interest include: corporate governance, international management, international finance, public-private partnership and restructuring and environmental administration.
Stuart Locke is Professor, Department of Finance, University of Waikato, New Zealand. Dr Locke has a background in finance, economics and chartered accountancy. His current research interests are in corporate governance in mature and emerging markets across the spectrum from small businesses, cooperatives, voluntary, state sector and listed public companies. He continues to publish widely in academic journals, participates regularly in media events, public speaking at conventions and is a Board member of his local Chamber of Commerce
contents in details
List of Tables, Figures and Appendices
Preface
1. Corporate Social Responsibility, Corporate Governance
and Sustainability
Introduction
Corporate Social Responsibility
Corporate Governance
Sustainability and Sustainable Performance
Issues of Sustainability for Oil Companies
Successful Corporate Cases with Sustainability Practices
Finance: An Inclusive Model—A Paradigm Shift
CSR Reporting: A Collaborative Model
Sustainability Practices: An Inclusive Model
Role of Boards
Case Point
Case of Auckland Airport
CSR and Corporate Governance: A Case of India
and New Zealand
2. Theoretical Perspective: Board Structure and Duality
About Corporate Governance
Board Structure and Board Effectiveness
The Board and Management Differentiated
Board Leadership Structure
The Role of a Chairperson
The Role of a MD/Chief Executive
Separation of the Roles of Chairman and the MD
Independent Directors
Independent Directors: New Zealand Context
Non-Executive Director
Duality
The Board and Management
Theories Relevant to Duality Issues
Factors that Differentiate between Agency and
Stewardship Theories
Situational Factors
Case Point
Review of Issues in Corporate Governance: India
and New Zealand
3. Corporate Governance: Committees and Reports
Introduction
The Cadbury Report 1992
Code of Best Practice
The Greenbury Report 1995
The Hampel Report 1998
The Turnbull Report 1999
The Higgs Report 2003
The Smith Report 2003
Redraft of the Combined Code 2003
The Sarbanes-Oxley Act 2002
Indian Committees
4. International Perspective of Oil Trends
Introduction
Oil and Natural Gas
Alternative Energy Sources
Recent Trends in Oil/Energy
Production
Asia
Non-OECD-Europe and Eurasia
Case Point
Energy Policy of Five Asian Countries
5. Corporate Social Responsibility and Environment Sustainability:
A Case Approach
CSR and Environmental Stability Practices in BRICS Countries
CSR: Its Emergence
Case of Lukoil
Case of Petrobras
Case of Ecopetrol S.A.
Case of Oil India Ltd (OIL)
Case of Oil and Natural Gas Corporation Limited (ONGC)
Case Point
Montara Oil Spill in the Timor Sea:
“A Failure of Sensible Oilfield Practice”
6. Comparing the Similarities and Differences in Corporate
Governance Practices and Performance
Corporate Governance
Conclusions
| Publisher | AF Press |
| Publication Date | 2015 |
| Number of Pages | 245 |
| ISBN |
9789332701656 |
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Corporate Governance, Corporate Social