Theories of Corporate Governance
- How do we ensure corporations are run for the agreed purpose?
- What role can Boards of Directors play?
- Are CEOs too powerful and insufficiently accountable?
In the wake of the financial and corporate scandals of recent years, co porate governance increasingly is recognized as being at the heart of understanding how and why businesses are run as they are. But while there are diverse and well-established theories of corporate governance, they are rarely gathered in a coherent and comparative way.
This comprehensive reader brings together the most influential writing in the field, with editorial commentary, to provide a uniquely interdisciplinary resource for students and lecturers that underpins contemporary analysis of corporate governance.
Topics covered include:
- The separation of ownership and control
- How economic activity is organized through firms
- The managerial revolution in business
- Agency, stewardship and stakeholder theory
- Globalization and convergence
- The critique of shareholder value
- Post-Enron analysis.
Structured to provide an introduction and overview of corporate governance from the classical theories to contemporary controversies,this reader functions either as a stand-alone text, or as a companion to International Corporate Governance, a textbook also authored by Thomas Clarke. Providing a defining insight into this fastemerging, and highly controversial field, this is the definitive resource for all those seeking to understand the contemporary corporation.
Thomas Clarke is Director of the Centre for Corporate Governance and Professor of Management at the University of Technology, Sydney.