Corporate Governance is a subject of great interest to academics, investors, and politicians throughout the world. Corporate governance issues arise in institutions if there is a potential conflict of interest among the stakeholders and transaction costs due to this conflict cannot be eliminated. Various economies have evolved different mechanisms to resolve the corporate governance issues. Anglo-Saxon systems differ from European and Japanese Systems, and Eastern Europe and China, for instance, who experiment about the way private organizations should be governed.Despite the great interest and intense debate, empirical evidence on the effectiveness of various governance systems is still sparse. This book - meanwhile in its 2nd edition - brings together most current contributions from various perspectives and from an inter­national angle. The contributions cover topics such as:- Corporate governance in transnational companies- Corporate investors and firm control- Corporate governance and human capital- Corporate governance and principal/agent issues- Corporate governance and challenges for management.This book is an essential reading for academics, university students, practitioners, inves­tors, politicians, and legislators. The book is in honor of Horst Albach, a scholar who has influenced the scientific world in a very significant way. The editor of this volume, Joa­chim Schwalbach, is Professor of International Management at Humboldt-University Berlin, Germany.