The constitutional corporation : rethinking corporate governance / Stephen Bottomley.
"Widespread share ownership is an important feature of western economies and there are diverse views on its role. While corporate laws in countries such as Australia, the United Kingdom, and the United States are based on the idea that the interests of shareholders should be the primary concern...
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Aldershot, England ; Burlington, VT :
Ashgate,
[2007]
|
| Series: | Applied legal philosophy
|
| Subjects: |
| Summary: | "Widespread share ownership is an important feature of western economies and there are diverse views on its role. While corporate laws in countries such as Australia, the United Kingdom, and the United States are based on the idea that the interests of shareholders should be the primary concern of company directors, this model has been criticized from diverse perspectives. Some argue that the proper role for shareholders is to sit back and let the corporation's managers do their job. Other commentators argue that the pursuit of shareholders' interests detracts from the concerns of employees or victims of corporate wrongdoing or other stakeholders. Both of these arguments depict shareholders as passive investors." "This book argues that instead of consigning shareholders to this passive role, they should be given opportunities to be active members of corporations. This argument is based on the idea that corporations are constitutional arrangements rather than mere contractual agreements. Moreover, corporations are decision-making organizations in which questions of process and structure are important. Thus, instead of using economic criteria such as efficiency as the sole measure for deciding what constitutes 'good' corporate governance, this book argues that the ideas of accountability, deliberation and contestability provide a valuable framework for assessing corporate structures and process and for encouraging greater shareholder participation."--BOOK JACKET. |
|---|---|
| Item Description: | Series statement from jacket. |
| Physical Description: | xv, 183 pages ; 24 cm. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 0754624188 9780754624189 |