Corporate power and responsibility : issues in the theory of company law /
Despite the enormous economic, social, and political power they possess, public companies are regarded by company law as essentially private bodies, existing for the benefit of their shareholders. In recent years the revival and extension of the analysis of corporate organization in terms of contrac...
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| Format: | eBook |
| Language: | English |
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Oxford : New York :
Clarendon Press ; Oxford University Press,
1993.
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | Despite the enormous economic, social, and political power they possess, public companies are regarded by company law as essentially private bodies, existing for the benefit of their shareholders. In recent years the revival and extension of the analysis of corporate organization in terms of contract has been relied on to reinforce this perspective and to insulate the 'internal affairs' of companies from regulatory intervention. Corporate Power and Responsibility rejects this approach, arguing that company law should be seen as serving public purposes: of promoting the efficient operation of the economy, while at the same time constraining the pursuit of profit in the interests of the various groups affected by corporate activity. From this standpoint many of the central issues relating to the large public company are discussed, including the separation of ownership and control, corporate governance, and the role of markets in controlling management behaviour. The meaning and the merits of corporate social responsibility, together with the techniques for making that concept operational, are considered in some detail. The book will be of interest not only to lawyers, but to all those concerned with the regulation of corporate power. |
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| Physical Description: | 1 online resource (xxv, 464 pages) |
| Format: | Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |
| Bibliography: | Includes bibliographical references (pages 435-458) and index. |
| ISBN: | 9780191682018 0191682012 |