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Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Company law
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The Failure of Corporate Law (Hardcover)
Loot Price: R1,161
Discovery Miles 11 610
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The Failure of Corporate Law (Hardcover)
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When used in conjunction with corporations, the term "public" is
misleading. Anyone can purchase shares of stock, but public
corporations themselves are uninhibited by a sense of societal
obligation or strict public oversight. In fact, managers of most
large firms are prohibited by law from taking into account the
interests of the public in decision making, if doing so hurts
shareholders. But this has not always been the case, as until the
beginning of the twentieth century, public corporations were deemed
to have important civic responsibilities. With "The Failure of
Corporate Law," Kent Greenfield hopes to return corporate law to a
system in which the public has a greater say in how firms are
governed. Greenfield maintains that the laws controlling firms
should be much more protective of the public interest and of the
corporation's various stakeholders, such as employees. Only when
the law of corporations is evaluated as a branch of "public"
law--as with constitutional law or environmental law--will it be
clear what types of changes can be made in corporate governance to
improve the common good. Greenfield proposes changes in corporate
governance that would enable corporations to meet the progressive
goal of creating wealth for society as a whole rather than merely
for shareholders and executives.
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