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Books > Business & Economics > Industry & industrial studies
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Ownership and Control - Rethinking Corporate Governance for the Twenty-First Century (Paperback, New)
Loot Price: R657
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Ownership and Control - Rethinking Corporate Governance for the Twenty-First Century (Paperback, New)
Expected to ship within 10 - 15 working days
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"Who should be allowed to call the shots in the boardrooms of U. S.
Corporations? And what difference does it make for their growth and
profitability? In the last decade, these issues have moved to the
center of policy debates about the time horizons and
competitiveness of U.S. companies. This book is an indispensable
guide through the historical, legal, and institutional background
for these corporate governance debates. It explains three broad
views on the relationship among the governance, performance, and
competitiveness of corporations, and examines the intellectual
history, politics, and empirical evidence behind each argument. It
also considers the effect that two trends will have on corporate
governance: the growth and power of public employees' pension funds
and the increase in the economic activity that comes from
specialized services and customized production. Blair asserts that
companies need to experiment with different governance
arrangements, such as choosing directors to represent particular
constituencies, or making more radical arrangements like leveraged
buyouts or worker-owned companies. Public policy should encourage,
or at least not impede, such experimentation. "
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