Andrew Black - Questions of Value
Master the latest
developments in value based management, investment and regulation
Andrew Black: biography / resume / curriculum vitae
Mr Andrew Black
holds a PhD and MSc in Economics from Birkbeck College, and a BA in
Economics from Sussex University.
He is currently
Managing Director of
Building Value Associates Ltd, a financial consulting firm. He was
previously a director of PwC, responsible for the Value Based Management /
Shareholder Value team. Earlier he worked for several banks as an economist
and equity analyst, and as a global investment strategist. He also
coauthored the book "In Search of Shareholder Value (1998)" and wrote a
number of articles and papers on corporate governance and government
industrial policy.
The book: Questions
of Value (2004)
Questions of Value
is made up of 11 well written expert
articles, explaining about recent developments in the field of Value Based
Management.
It shows the book is
really a work of love. Mr. Black is clearly an expert in VBM
and wrote a highly interesting contribution himself, but more
importantly he deserves credit for having been very sensitive on who he
'selected' for the sub-topics of the book. As a result, the book
is a fantastic bouquet of expert-opinions bringing the reader up to speed on
many issues top managers are facing today.
Questions of Value
is divided in three parts, three "Questions":
I.
Questions of investing (Strategic significance of managing for long
term value)
-
Investors and
long-term shareholder value
(Paul Lee - Hermes Investment Management,
Financial Journalist) *****
-
CalPERS' role in
corporate governance (Jose Arau - CalPERS,
Principal Investment Officer ) *****
-
European
pensions: Progress, problems and potential
(Elizabeth Legge - Economic / Financial Researcher)
*****
II. Questions
of financial reporting (Measuring and validating financial
performance)
-
Grasping the
intangible (Alison Thomas - PwC ValueReporting,
Management Consultant) *****
-
Whither the bean
counters? The current and future shape of auditing
(Andrew Black with Etienne Piciocchi) *****
-
The shareholder
income statement: A proposal ... (Colin Clubb -
Imperial College, Professor of Finance)
*****
-
Accounting at
energy firms after Enron: Is the "cure" worse than the "disease"?
(Richard Bassett and Mark Storrie - Value
Analytics, Managing Director) *****
III. Questions of
delivery (Implementing VBM)
-
A clients
perspective on Value Based Management- A case study
(David Gee - Corporate Planning Controller)
*****
-
Management
consultants and managing for shareholder value (J.A.
Barbour - Former Director PA Consulting and former Partner Marakon,
Corporate Value Improvement, Managing Director)
*****
-
Achieving
valuable growth through M&A: Boardroom lessons for the acquisition game
(Mark L. Sirower - Boston Consulting Group, Global Leader M&A Practice)
*****
-
Linking capital
allocation to individual capital expenditure decisions
(Erik Ottoson and Fredrik Weissenrieder - Anelda, Chairman)
*****
Typical for the
contributions in Questions of Value is that they go at least one step
further then what you can find in your Financial Newspaper or in fact in
your HBR or S+B.
Each of the
contributions is valuable reading material; taken together it doesn't get
any better.
Conclusion: Andrew Black's
Questions of Value is a 'must'
for those professionally involved in shareholder value
creation, and
is highly recommended reading for board members, top managers, financial
analysts, senior management consultants, senior accountants and MBA students
alike.
Compare Questions of Value with
these other Editor's Choices: Clark, Neill,
The Value
Mandate: Maximizing Shareholder Value... | Edvinsson,
Corporate Longitude |
Kleiner,
Who Really Matters - The Core Group Theory
of Power, Privilege... |
Rappaport,
Creating Shareholder Value... | Young, O'Byrne,
EVA and VBM
|
