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Books > Business & Economics > Business & management
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Reconstructing the Corporation - From Shareholder Primacy to Shared Governance (Hardcover)
Loot Price: R2,713
Discovery Miles 27 130
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Reconstructing the Corporation - From Shareholder Primacy to Shared Governance (Hardcover)
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Modern corporations contribute to a wide range of contemporary
problems, including income inequality, global warming, and the
influence of money in politics. Their relentless pursuit of
profits, though, is the natural outcome of the doctrine of
shareholder primacy. As the consensus around this doctrine
crumbles, it has become increasingly clear that the prerogatives of
corporate governance have been improperly limited to shareholders.
It is time to examine shareholder primacy and its attendant
governance features anew, and reorient the literature around the
basic purpose of corporations. This book critically examines the
current state of corporate governance law and provides decisive
rebuttals to longstanding arguments for the exclusive shareholder
franchise. Reconstructing the Corporation presents a new model of
corporate governance - one that builds on the theory of the firm as
well as a novel theory of democratic participation - to support the
extension of the corporate franchise to employees.
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