Summary
Often highlighted for being a microcosm within the greater global context, Icelandic businesses and institutions provide the perfect opportunity to advance knowledge of corporate governance and business ethics amidst once-in-a-lifetime events such as the 2008 Financial Crisis and the COVID-19 pandemic.
Corporate Governance and Business Ethics in Iceland provides real-world case studies of how institutions approach governance and ethics in a country where one organization’s actions often have a massive ripple effect throughout the entire nation. The book offers valuable insights to businesses around the world including themes as diverse as board independence, stakeholder relations, crisis management, environmental practices, international business, marketing ethics and privacy across a wide range of industries.
The combination of current case studies coupled with a practical approach to academic theory is suitable for a wide range of readers, from undergraduate students to CEOs and boards of directors. Contributing to innovative discussions surrounding Corporate Social Responsibility (CSR) and Environmental, Social and Governance (ESG) frameworks, Corporate Governance and Business Ethics in Iceland prompts sustainable and positive pathways forward.
Table of contents
Chapter 1. Introduction
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Chapter 2. Literature Review
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Chapter 3. Live Pension Fund: Board Governance during Interest Rate Change Decisions
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Chapter 4. LIVE Pension Fund: A Question of Board Independence during Icelandair’s Share Offering
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Chapter 5. Icelandair & FFI: A Fierce Union Battle in the Midst of Covid-19
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Chapter 6. Bluebird Nordic Airlines: Pilot Remuneration in Times of Competitive Pressures
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Chapter 7. Festi and Covid-19 Partial Compensation Program
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Chapter 8. Eimskip: Disposing of Old Ships in India
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Chapter 9. Carbon Offsetting in Iceland
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Chapter 10. Islandsspil and HHI: Gaming Slot Machines in Iceland
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Chapter 11. Nicotine Pouches in Netto Supermarkets
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Chapter 12. Decode Genetics
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Chapter 13. Conclusion
About the authors
Throstur Olaf Sigurjonsson is a Professor in the School of Business at the University of Iceland and a faculty at Copenhagen Business School in Denmark.
Robert H. Haraldsson is a Professor of Philosophy and the Director of Academic Affairs at the University of Iceland.
Jordan Mitchell is a case writer with published case studies at Harvard, IESE, Ivey, Darden and Dalhousie.