Corporate Governance and Stakeholder Management
Corporate governance is closely related to stakeholder management. High-performing firms successfully engage with their stakeholders (i.e., with their shareholders, employees, suppliers, customers, and local communities). These stakeholders often make valuable contributions to the firm’s long-term success. However, they only keep making these contributions if they see that the firm protects their interests. This leads to a range of fascinating questions, such as: How should managers protect the interests of shareholders and other stakeholders?
In this taster lecture, we consider a case that highlights very tricky challenges for corporate governance: Pfizer’s (attempted) acquisition of AstraZeneca. This takeover battle led to high uncertainty about AstraZeneca’s promises and commitments to its stakeholders. How can Pfizer safeguard these promises and commitments? Are these promises credible? What can corporate governance do to support these promises?
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Hossam Zeitoun
Hossam is Assistant Professor and Course Director of the Executive MBA Programme (Warwick campus) at Warwick Business School. His principal research interests are corporate governance, behavioural science, and theories of the firm. He applies an interdisciplinary approach using psychological and economic perspectives. Hossam has published in the Academy of Management Perspectives, British Journal of Management, Corporate Governance: An International Review, Trends in Cognitive Sciences, as well as several book chapters. His current research projects aim to improve our understanding of psychological mechanisms underlying joint action in organisations.
Before embarking on an academic career, Hossam worked in the insurance industry and had international project experience in Gabon, Tunisia, and India. He earned his PhD at the University of Zurich in Switzerland. Then, Hossam came to the University of Warwick, first as a visiting researcher and then as a faculty member. He is a member of the Strategy and International Business Group and the Behavioural Science Group.