Inspiring Stewardship

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Transform from leader to steward to drive growth and make an impact

Inspiring Stewardship helps leaders drive sustainable development and growth by balancing short- and long-term objectives amidst competing interests. By examining a range of exceptional individual and organisational stewards alongside insights from quantitative studies, this book unlocks the contributions you can make to enhance your influence and secure your legacy. Profiles of leaders from Ratan Tata to Bill Gates illustrate what stewardship really means, and the attributes and characteristics of steward leaders. Are they fundamentally different? Where do they get their exceptional drive and resilience? Why do they shoulder such huge responsibility? Risks, rewards, motivations and actions are explored in depth to give you a real-world view of stewardship, and to show you how to embody these principles in your own everyday life.

The notion of stewardship has never been more relevant to business than it is today, as managers struggle to balance present and future interests. This book provides clarity, direction and guidance for more purpose-driven action.

  • Understand the concepts and principles of stewardship
  • Discover characteristics of steward leaders across cultures
  • Learn how stewards have shifted the course of their organisations
  • Examine the capabilities that deepen organisational resilience

Today, ownership of firms is increasingly fragmented, investment structures are more and more complex and the time horizons of investors, executives and owners do not always coincide. Inspiring Stewardship helps you break through the tension and drive sustainable growth through adaptability and good leadership.

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About the author

DIDIER COSSIN is professor at IMD, Switzerland and the director of the IMD Global Board Center. He advises chairmen and boards of some of the largest corporate, financial and not-for-profit organizations around the world. Before joining IMD, he worked for Goldman Sachs, taught at Harvard University and was professor at HEC, University of Lausanne.

ONG BOON HWEE is the CEO of the Stewardship Asia Centre, a thought leadership centre that focuses on promoting stewardship and the governance of companies and organizations across Asia. Prior to his role in the Stewardship Asia Centre, Boon Hwee gained extensive working experience in the civil service as well as the commercial sectors.

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Additional Information

Publisher
John Wiley & Sons
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Published on
May 10, 2016
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Pages
216
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ISBN
9781119292883
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Best For
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Language
English
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Genres
Business & Economics / Finance / General
Business & Economics / General
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Content Protection
This content is DRM protected.
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Optimal Control of Credit Risk presents an alternative methodology to deal with a financial problem that has not been well analyzed yet: the control of credit risk. Credit risk has become recently the center of interest of the financial community, with new instruments (such as Credit Risk Derivatives) and new methodologies (such as Credit Metrics) being developed. The recent literature has focused on the pricing of credit risk. On the other hand, practitioners tend to eliminate credit risk rather than price it. They do so via collateralization. The authors propose here a methodological basis for an optimal collateralization.
The monograph is organized as follows: Chapter 1 reviews the main avenues of literature related to our problem; Chapter 2 provides a brief overview of the main optimal control principles; and Chapter 3 presents the models and their setting.
In the remaining chapters, the authors propose two sets of programs. One set of programs will apply in cases where the information on the assets=value is readily available (full observation case), while the other applies when costly audits are needed in order to assess this value (partial observation case).
In either case, the modeling stage leads to a set of quasi-variational inequalities which the authors attempt to solve numerically in the simpler case of full observations. This is done in Chapter 6. Finally a simulation analysis is carried out in Chapter 7, in which the authors study the influence on the control process of changes in the different model parameters. This precedes a discussion on possible extensions in Chapter 8 and some concluding remarks in Section 9.
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