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Corporate Governance and the Nuclear Industry explores the UK nuclear Legacy - governance issues associated with the decommissioning of a range of early-generation civil nuclear facilities. This book traces how we got here and the risks that have been taken, whilst presenting new research and thinking that is required to manage our nuclear Legacy. The book addresses a new analytical approach using notions of governance to review key historic events. This approach analyses these events using concepts of stakeholder control, accountability and regulation. Using these concepts and undertaking a more detailed analysis of the Legacy’s current governance arrangements; the conventional public sector-based solutions that attempt to harness private sector expertise, this book will contrast these with government responses to determine the degree of control over the Legacy and any possible control issues. Corporate Governance and the Nuclear Industry concludes that we need to recognise the legacy’s problems as exceptional rather than prosaic, and suggests that this requires exceptional governance solutions rather than the current form that is clearly failing.
This book offers a comprehensive assessment of the dynamics driving, and constraining, nuclear power development in Asia, Europe and North America, providing detailed comparative analysis. The book formulates a theory of nuclear socio-political economy which highlights six factors necessary for embarking on nuclear power programs: (1) national security and secrecy, (2) technocratic ideology, (3) economic interventionism, (4) a centrally coordinated energy stakeholder network, (5) subordination of opposition to political authority, and (6) social peripheralization. The book validates this theory by confirming the presence of these six drivers during the initial nuclear power developmental periods in eight countries: the United States, France, Japan, Russia (the former Soviet Union), South Korea, Canada, China, and India. The authors then apply this framework as a predictive tool to evaluate contemporary nuclear power trends. They discuss what this theory means for developed and developing countries which exhibit the potential for nuclear development on a major scale, and examine how the new "renaissance" of nuclear power may affect the promotion of renewable energy, global energy security, and development policy as a whole. The volume also assesses the influence of climate change and the recent nuclear accident in Fukushima, Japan, on the nuclear power industry’s trajectory. This book will be of interest to students of energy policy and security, nuclear proliferation, international security, global governance and IR in general.
This sixth peer review of the OECD Principles of Corporate Governance analyses the corporate governance framework and practices relating to corporate risk management, in the private sector and in state-owned enterprises. The review covers 26 jurisdictions and is based on a general survey of all participating jurisdictions in December 2012, as well as an in-depth review of corporate risk management in Norway, Singapore and Switzerland. The report finds that while risk-taking is a fundamental driving force in business and entrepreneurship, the cost of risk management failures is often underestimated, both externally and internally, including the cost in terms of management time needed to rectify the situation. The reports thus concludes that corporate governance should ensure that risks are understood, managed, and, when appropriate, communicated.
This report emphasizes that although corporate governance should remain mostly a prerogative of the companies and industries themselves, governments must provide a regulatory framework that allows them to adapt their governance practices to rapidly changing international circumstances.
Drawing notably on the experience of France, this book examines whether good corporate governance generates national growth. It finds that it is a society's entire governance culture -- corporate and public governance together rather than either of them alone -- is what matters.
This book explores discussions and practice around corporate governance in Russia from the early 1990s until 2018. It covers three major aspects of corporate governance theory and practice: a vision of corporate governance in Russia in the context of global trends and challenges, the general perception of corporate governance in Russia, and the real nature of Russia’s corporate community from the viewpoint of its corporate governance practices. It provides a unique complex analysis and detailed description of how corporate governance has been perceived by both Russian regulators and the business community, and how it has been applied in Russian companies. This analysis covers the period of over 25 years: from early attempts at directing transfer and implanting the Western model of corporate governance to the nascent Russian big private business, up to the period of resurgence of the state as the dominant player both in Russian society and its economy at large. It gives an understanding of what corporate governance is in Russia in the days of "sovereign democracy" and confrontation with the West. It explains how cultural, political, economic and institutional factors have shaped corporate governance in Russia. The authors provide insights into such aspects of Russian corporate governance framework and practices as regulatory philosophy and enforcement, ownership structure, the role of the state, the impact of unfriendly domestic business climate, how the value of corporate governance is perceived in Russian context, etc. Predominantly, the book paints an interesting picture of how the "sovereign corporate governance" model has been shaped in Russia. This book will be useful not just for experts in corporate governance and investors, but also for those who have an interest in modern Russia at large.
Covers all aspects of electrical systems for nuclear power plants written by an authority in the field Based on author Omar Mazzoni's notes for a graduate level course he taught in Electrical Engineering, this book discusses all aspects of electrical systems for nuclear power plants, making reference to IEEE nuclear standards and regulatory documents. It covers such important topics as the requirements for equipment qualification, acceptance testing, periodic surveillance, and operational issues. It also provides excellent guidance for students in understanding the basis of nuclear plant electrical systems, the industry standards that are applicable, and the Nuclear Regulatory Commission's rules for designing and operating nuclear plants. Electrical Systems for Nuclear Power Plants offers in-depth chapters covering: elements of a power system; special regulations and requirements; unique requirements of a Class 1E power system; nuclear plants containment electrical penetration assemblies; on-site emergency AC sources; on-site emergency DC sources; protective relaying; interface of the nuclear plant with the grid; station blackout (SBO) issues and regulations; review of electric power calculations; equipment aging and decommissioning; and electrical and control systems inspections. This valuable resource: Evaluates industry standards and their relationship to federal regulations Discusses Class 1E equipment, emergency generation, the single failure criterion, plant life, and plant inspection Includes exercise problems for each chapter Electrical Systems for Nuclear Power Plants is an ideal text for instructors and students in electrical power courses, as well as for engineers active in operating nuclear power plants.
This handbook is a practical aid to legislative drafting that brings together, for the first time, model texts of provisions covering all aspects of nuclear law in a consolidated form. Organized along the same lines as the Handbook on Nuclear Law, published by the IAEA in 2003, and containing updated material on new legal developments, this publication represents an important companion resource for the development of new or revised nuclear legislation, as well as for instruction in the fundamentals of nuclear law. It will be particularly useful for those Member States embarking on new or expanding existing nuclear programmes.
provide management and directors of companies, both private and public, with a reference work on the most important principles of corporate governance. It discusses the requirements of the Companies act, the recommendations of the 2002 King Report and recent requirements for directors of public-sector enterprises. Throughout the author makes clear how the relevant principles can be practically and progressively implemented.
Corporate law and corporate governance have been at the forefront of regulatory activities across the world for several decades now, and are subject to increasing public attention following the Global Financial Crisis of 2008. The Oxford Handbook of Corporate Law and Governance provides the global framework necessary to understand the aims and methods of legal research in this field. Written by leading scholars from around the world, the Handbook contains a rich variety of chapters that provide a comparative and functional overview of corporate governance. It opens with the central theoretical approaches and methodologies in corporate law scholarship in Part I, before examining core substantive topics in corporate law, including shareholder rights, takeovers and restructuring, and minority rights in Part II. Part III focuses on new challenges in the field, including conflicts between Western and Asian corporate governance environments, the rise of foreign ownership, and emerging markets. Enforcement issues are covered in Part IV, and Part V takes a broader approach, examining those areas of law and finance that are interwoven with corporate governance, including insolvency, taxation, and securities law as well as financial regulation. The Handbook is a comprehensive, interdisciplinary resource placing corporate law and governance in its wider context, and is essential reading for scholars, practitioners, and policymakers in the field.