Recent years have witnessed an exponential growth in corporate governance. Improvements in corporate governance practice are being orchestrated at a global level. Scandals such as Enron and Parmalat have driven home the need for constant reform. "Corporate Governance, Second edition" has been written in response to the constantly changing guidelines and policy in this field and demonstrates the close relationship between academic research and professional practice. It illustrates how corporate governance has evolved in the UK, updating the latest developments. It discusses global convergence in corporate governance with reference to an extended number of countries. It incorporates the latest literature on social and environmental reporting, social and environmental auditing and socially responsible investment, and discusses new frameworks emerging from this academic literature. It includes an extended appendix including The Combined Code and the new OECD Principles Reflects recent developments and examines future possible directions of corporate governance. "An important contribution to the field of corporate governance. Clearly written and accessible." - Dr David Campbell, Senior Lecturer in Accounting, Newcastle University Business School.