Title
Corporate Governance in the Shadow of the State (Contemporary Studies in Corporate Law),New
Delivery time: 8-12 business days (International)
Over recent decades corporate governance has developed an increasingly high profile in legal scholarship and practice, especially in the US and UK. But despite widespread interest, there remains considerable uncertainty about how exactly corporate governance should be defined and understood. In this important work, Marc Moore critically analyses the core dimensions of corporate governance law in these two countries, seeking to determine the fundamental nature of corporate governance as a subject of legal enquiry. In particular, Moore examines whether AngloAmerican corporate governance is most appropriately understood as an aspect of 'private' (facilitative) law, or as a part of 'public' (regulatory) law. In contrast to the dominant contractarian understanding of the subject, which sees corporate governance as an institutional response to investors' marketdriven private preferences, this book defines corporate governance as the manifestly public problem of securing the legitimacy and, in turn, sustainability of discretionary administrative power within large economic organisations. It emphasises the central importance of formal accountability norms in legitimating corporate managers' continuing possession and exercise of such power, and demonstrates the structural necessity of mandatory public regulation in this regard. In doing so it highlights the significant and conceptually irreducible role of the regulatory state in determining the key contours of the AngloAmerican corporate governance framework. The normative effect is to extend the state's acceptable policymaking role in corporate governance, as an essential supplement to private ordering dynamics.Shortlisted for The Peter Birks Prize for Outstanding Legal Scholarship 2013.
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This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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