The book has a forceful argument: "Corporate Governance is not enough; Companies have to go beyond it". Legislators focus on company executives and are now taking greater preventive measures following the series of corporate scandals. Good governance is essential but the practices must not be allowed to stifle business performance. The book develops the concept of `enterprise governance', an emerging framework which unites performance, conformance and corporate responsibility, and shows how addressing these areas in a coordinated manner will deliver value to the organization and its stakeholders. The book particularly focuses on the skills, processes and systems that are required to deliver excellence in each of these areas. The book gives practical insights into the issues and an understanding of best practices in each area. It is mainly aimed at finance and non-finance business professionals seeking to understand the issues related to business performance. Each part and chapter of the book is supported by experiences of the business world proving its authenticity.

Corporate scandals have led to the fact that ethical culture and tone from the top are mandatory; however, the authors suggest that it is not poor corporate culture alone that brings a company down. Corporate strategy is of equal importance—such a strategy revolves around the enterprise framework comprising of Performance, Conformance and Corporate Responsibility. The `performance' dimension of Enterprise Governance is concerned with developing and deploying effective strategic management processes to ensure that the firm creates value for shareholders. It, therefore, encompasses the systems, people and processes that enable achievement of the goals aimed towards increase in stakeholder value. The conformance aspect is concerned with corporate accountability, which is governed by regulatory codes, corporate legislation and accounting standards. Consequently, the effectiveness of management structures, sufficiency and reliability of corporate reporting and the effectiveness of risk management systems are some of the important facets of governance. The `corporate responsibility' dimension is concerned with the company's role in the community at large. It addresses the corporate issues which lead to the societal benefit, e.g., its role in the social responsibility, its general reputation and its ethical practices in general. Companies like Chevron Texaco, Alcoa and BP have made considerable efforts to improve the quality of life in countries they operate.

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