The Art and Practice of Corporate Governance examines major issues affecting the governance and oversight of contemporary corporations. David F. Larcker and Brian Tayan combine academic research with practical business cases to analyze board effectiveness, executive compensation and incentives, succession planning, organizational risk, shareholder activism, and environmental, social, and governance considerations. Individual chapters use corporate examples to demonstrate how governance structures, incentives, leadership decisions, and board practices can contribute to both successful and unsuccessful organizational outcomes. The authors emphasize the complexity of governance decisions and the importance of evaluating practices in relation to company circumstances rather than relying on universal prescriptions. Written for directors, executives, investors, business students, and governance professionals, the book provides an applied introduction to how corporations are directed, monitored, and held accountable and how governance practices can influence organizational performance