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Corporate Governance in Contention (Hardcover)
Loot Price: R2,864
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Corporate Governance in Contention (Hardcover)
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Corporate governance is a complex idea that is often
inappropriately simplified as a cookbook of recommended measures to
improve financial performance. Meta studies of published research
show that the supposed benign effects of these measures -
independent directors or highly incentivised executives - are at
best context-specific. There is thus a challenge to explain the
meaning, purpose, and importance of corporate governance. This
volume addresses these issues. The issues discussed centre on
relationships within the firm e.g. between labour, managers, and
investors, and relationships outside the firm that affect consumers
or the environment. The essays in this collection are the
considered selection by the editors and the contributors themselves
of what are seen as some of the most weighty and urgent issues that
connect the corporation and society at large in developed economies
with established property rights. The essays are to be read in
dialogue with each other, giving a richer understanding than could
be obtained by shepherding all contributions into a single mould.
Nevertheless taken together they demonstrate a shared sense of deep
concern that the corporate governance agenda has been and still is
on the wrong track. The contributors, individually and
collectively, identify in this compendium both a research programme
and a platform for change.
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