Corporate Governance And Social Welfare In The Common Law World PDF Download
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Author | : David A. Skeel |
Publisher | : |
Total Pages | : 0 |
Release | : 2014 |
Genre | : |
ISBN | : |
Download Corporate Governance and Social Welfare in the Common Law World Book in PDF, ePub and Kindle
The newest addition to the spate of recent theories of comparative corporate governance is Corporate Governance in the Common-Law World: The Political Foundations of Shareholder Power, an important new book by Christopher Bruner. Focusing on the U.S., the U.K., Canada and Australia, Bruner argues that the robustness of the country's social welfare system is the key determinant of the extent to which its corporate governance is shareholder-centered. This explains why corporate governance is so shareholder-oriented in the United Kingdom, which has universal healthcare and generous unemployment benefits, while shareholders' powers are more attenuated in the United States, with its much weaker social welfare protections. Canada and Australia fall in between but closer to the U.K. After describing Bruner's theory and evidence in the first part of this Essay, I poke at it from several angles in the three parts that follow. In Part II, I consider whether there is a mechanism that adequately explains the connection between social welfare and shareholder orientation; interestingly, despite the book's title, Bruner does not suggest that the common law plays any particular role. In Part III, I consider whether shareholders in the United States may have more power than their limited formal rights suggest, and in Part IV I ask whether the United States (rather than the United Kingdom, as is conventionally assumed) may simply be an outlier, due to federalism and other factors and as reflected in the U.S.'s weak social welfare system. I then conclude.
Author | : Christopher M. Bruner |
Publisher | : Cambridge University Press |
Total Pages | : 317 |
Release | : 2013-03-29 |
Genre | : Business & Economics |
ISBN | : 1107013291 |
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This book presents a new comparative theory to explain the divergence between governance systems of Australia, Canada, the United Kingdom, and the United States and explores the theory's ramifications for law and public policy. Bruner argues that regulatory structures affecting other stakeholders' interests - notably differing degrees of social welfare protection for employees - have decisively impacted the degree of political opposition to shareholder-centric policies across the common-law world.
Author | : Christopher M. Bruner |
Publisher | : Cambridge University Press |
Total Pages | : 317 |
Release | : 2013-03-29 |
Genre | : Law |
ISBN | : 1107354900 |
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The corporate governance systems of Australia, Canada, the United Kingdom and the United States are often characterized as a single 'Anglo-American' system prioritizing shareholders' interests over those of other corporate stakeholders. Such generalizations, however, obscure substantial differences across the common-law world. Contrary to popular belief, shareholders in the United Kingdom and jurisdictions following its lead are far more powerful and central to the aims of the corporation than are shareholders in the United States. This book presents a new comparative theory to explain this divergence and explores the theory's ramifications for law and public policy. Bruner argues that regulatory structures affecting other stakeholders' interests - notably differing degrees of social welfare protection for employees - have decisively impacted the degree of political opposition to shareholder-centric policies across the common-law world. These dynamics remain powerful forces today, and understanding them will be vital as post-crisis reforms continue to take shape.
Author | : Randall K. Morck |
Publisher | : University of Chicago Press |
Total Pages | : 700 |
Release | : 2007-11-01 |
Genre | : Business & Economics |
ISBN | : 0226536831 |
Download A History of Corporate Governance around the World Book in PDF, ePub and Kindle
For many Americans, capitalism is a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking. But to many outside the United States, capitalism seems like an initiative that serves only to concentrate power and wealth in the hands of a few hereditary oligarchies. As A History of Corporate Governance around the World shows, neither conception is wrong. In this volume, some of the brightest minds in the field of economics present new empirical research that suggests that each side of the debate has something to offer the other. Free enterprise and well-developed financial systems are proven to produce growth in those countries that have them. But research also suggests that in some other capitalist countries, arrangements truly do concentrate corporate ownership in the hands of a few wealthy families. A History of Corporate Governance around the World provides historical studies of the patterns of corporate governance in several countries-including the large industrial economies of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States; larger developing economies like China and India; and alternative models like those of the Netherlands and Sweden.
Author | : Mark J. Roe |
Publisher | : Oxford University Press, USA |
Total Pages | : 260 |
Release | : 2003 |
Genre | : Business & Economics |
ISBN | : 9780199205301 |
Download Political Determinants of Corporate Governance Book in PDF, ePub and Kindle
In a painstaking analysis, Roe (law, Harvard Law School) examines the impact of a nation's strong social policies on the corporate governance, suggesting that stronger social policies can cause an American style of diffuse ownership among shareholders to fail. The link between social policies and corporate governance is examined statistically for a large number of countries, and in case studies for seven: Italy, Germany, Sweden, the UK, France, Japan, and the US. Product markets, securities markets, and the ability of corporate and economic structures to induce a political backlash are discussed. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com).
Author | : Afra Afsharipour |
Publisher | : Edward Elgar Publishing |
Total Pages | : 544 |
Release | : 2021-06-25 |
Genre | : Law |
ISBN | : 1788975332 |
Download Comparative Corporate Governance Book in PDF, ePub and Kindle
This research handbook provides a state-of-the-art perspective on how corporate governance differs between countries around the world. It covers highly topical issues including corporate purpose, corporate social responsibility and shareholder activism.
Author | : Andrew Keay |
Publisher | : Routledge |
Total Pages | : 296 |
Release | : 2015-05-15 |
Genre | : Business & Economics |
ISBN | : 1317910702 |
Download Board Accountability in Corporate Governance Book in PDF, ePub and Kindle
Within corporate governance the accountability of the board of directors is identified as a major issue by governments, international bodies, professional associations and academic literature. Boards are given significant power in companies, and as a consequence it is argued that they should be accountable for their actions. Drawing on political science, public administration, accounting, and ethics literature, this book examines the concept of accountability and its meaning in the corporate governance context. It examines the rationale for making boards accountable, and outlines the obstacles and drawbacks involved in providing for accountability. The book goes on to examine how current mechanisms for ensuring accountability are assessed in terms of fairness, justice, transparency, practicality, effectiveness and efficiency, before discussing the ways that accountability might be improved. Andrew Keay argues that enhanced accountability can provide better corporate governance, helping to reduce the frequency and severity of financial crises, and improve confidence in company practice. As an in depth study of a key element within the exercise of authority and management in corporate entities, this book will be of great use and interest to researchers and students of corporate governance, business and management, and corporate social responsibility.
Author | : Cynthia A. Williams |
Publisher | : |
Total Pages | : 0 |
Release | : 2015 |
Genre | : |
ISBN | : |
Download Corporate Social Responsibility and Corporate Governance Book in PDF, ePub and Kindle
Corporate social responsibility has become a subject of growing importance and debate in business and law. Today, no analysis of corporate governance systems would be complete without considering the pressures on companies to be seen as responsible corporate citizens. This chapter first provides a descriptive overview of developments in the field, including increasing voluntary and required environmental, social and governance (ESG) disclosure; and proliferating voluntary and multilateral standards for responsible corporate behavior. This chapter then reviews some of the more significant empirical evidence of the financial results of companies' implementation of corporate responsibility initiatives, including the effects of such initiatives on innovation, trust, and social welfare. It concludes with an analysis relating these developments to arguments over the objectives of the corporation and the shareholder/stakeholder debate, with particular reference to the argument between Cornell Distinguished Professor of Corporate and Business Law Lynn A. Stout and Chief Justice of the Delaware Supreme Court Leo E. Strine, Jr.
Author | : Stephen M. Bainbridge |
Publisher | : Cambridge University Press |
Total Pages | : 269 |
Release | : 2018-01-11 |
Genre | : Law |
ISBN | : 1108677398 |
Download Can Delaware Be Dethroned? Book in PDF, ePub and Kindle
Delaware is the state of incorporation for almost two-thirds of the Fortune 500 companies, as well as more than half of all companies listed on the New York Stock Exchange, NASDAQ, and other major stock exchanges. This gives Delaware a seemingly unchallengeable position as the dominant producer of US corporate law. In recent years, however, some observers have suggested that Delaware's competitive position is eroding. Other states have long tried to chip away at Delaware's position, and recent Delaware legal developments may have strengthened the case for incorporating outside Delaware. More importantly, however, the federal government is increasingly preempting corporate governance law. The contributors to this volume are leading academics and practitioners with decades of experience in Delaware corporate law. They bring together a variety of perspectives that collectively provide the reader with a broad understanding of how Delaware achieved its dominant position and the threats it faces.
Author | : Jeffrey Neil Gordon |
Publisher | : Oxford University Press |
Total Pages | : 1217 |
Release | : 2018 |
Genre | : Business & Economics |
ISBN | : 0198743688 |
Download The Oxford Handbook of Corporate Law and Governance Book in PDF, ePub and Kindle
Corporate law and governance are at the forefront of regulatory activities worldwide, and subject to increasing public attention in the wake of the Global Financial Crisis. Comprehensively referencing the key debates, the Handbook provides a much-needed framework for understanding the aims and methods of legal research in the field.