The Law of Governance, Risk Management and Compliance [Connected eBook] (Aspen Casebook) *(Book)
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Geoffrey Miller’s The Law of Governance, Risk Management and Compliance is widely credited for introducing a new field of legal studies. Compliance and its related subjects of governance and risk management are major sources of jobs and also important developments in legal practice. The billions of dollars of fines paid over the past decade and the burgeoning and seemingly never-ending parade of compliance and risk management breakdowns – recently including the Wells Fargo sales practices scandal, the Volkswagen emissions cheat, and the Boeing 737 MAX crisis – all attest to the importance of the issues treated in this readable and timely book.
New to the Third Edition: Comprehensive updates on recent developments New treatment of compliance failures: Wells Fargo account opening scandal, Volkswagen emissions cheat, important developments in Catholic Church sex abuse scandal. New treatment of risk management failures: the Boeing 737 MAX scandal.
Professors and students will benefit from: Clear, concise definitions Fun and interesting problems Real-world perspective from an author who has been involved both as a scholar and as a member of a corporate board of directors Highly readable and interesting writing Text boxes containing key concepts and definitions Realistic problems for class discussion and analysis Read more
Why Must Read The Law of Governance, Risk Management and Compliance [Connected eBook] (Aspen Casebook)?
Here is my take as I have read this book cover to cover and it is filled with great real world case examples. The book is broken down into three primary topics - yep you guessed it (Governance, Compliance, Risk Management). Governance (133 pages) Covers interesting governance cases as it relates to Shareholders, Board of Directors, and Executive abuses or lapses. It addresses Pros and Cons of Shareholder power, responsibilities as it relates to corporate governance by both the Board and its executives. Even provides a sort of blue print that would aid any leader in understanding his/her role as it pertains to their respective positions and having and effective Governance body. Compliance (393 pages) This section covers 14 different areas as follows: Introduction to Compliance, Enforcement, Regulators, Prosecutors, Whistleblowers, Gatekeepers, Plaintiffs’ Attorneys, Information Security, Off-Label Drugs, Foreign Corrupt Practices, AML/BSA/OFAC, Sexual Harassment, (Ethics, Social Responsibility, and Culture), and Compliance Failures. By the time you are done reading these fourteen chapters you will come away with a greater understanding and appreciation for the importance of regulations. Numerous cases that point to the underlying causes of compliance failures due to corporate greed by Executives, Directors, etc., but not solely the cause, which is the primary factor for industries having many regulations. Risk Management (54 pages) Covers just 3 chapters as it relates to Risk Mitigation or Risk Management. Defines three models or approaches to managing risks with the best approach being coordinating risk/compliance functions between business units but keeping them separate to better allocate resources to the most critical. It culminates in the fall of Enron, WorldCom, the financial crisis of 2007 (started by JP Morgan Chase). This book will open your eyes and mind with understanding of the importance of having a strong Governance body that keeps a watchful eye on Compliance and an Executive body that vehemently addresses Risks to a corporation and ways to mitigate them.
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