the enlightened shareholder value principle and corporate governance routledge research in corporate law

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The Enlightened Shareholder Value Principle And Corporate Governance

Author : Andrew Keay
ISBN : 9780415684347
Genre : Business & Economics
File Size : 31. 3 MB
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The enlightened shareholder value principle (ESV) was formulated during the comprehensive review of UK company law by the Company Law Steering Group in the late 1990s and early 2000's and requires directors of companies to act in the collective best interests of shareholders. The principle was taken up by the then UK Government and is now embedded in the Companies Act 2006. The emergence of the principle constitutes an important development in corporate governance, particularly in determining what directors must consider when managing the affairs of their companies. This book explains and analyzes the nature of ESV and its contribution to corporate governance whilst also examining where it fits into the existing theoretical landscape. Andrew Keay traces the development of the principle of ESV and considers it in the context of the existing principles which have historically influenced corporate governance. In doing so, the book draws on several empirical studies thereby enabling us to gauge how the ESV principle is addressed in commercial practice. Keay goes on to compare ESV with the constituency statutes that apply in the US in order to determine whether anything can be learnt from the American experience. The book also assesses the reaction of other jurisdictions to the advent of ESV and considers what impact ESV will have on financial institutions and non-financial institutions in the aftermath of the global financial crisis.

Corporate Social Responsibility

Author : Catherine Malecki
ISBN : 9781786433350
Genre :
File Size : 21. 34 MB
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Corporate social responsibility (CSR) is setting new missions for companies and shining a welcome light on issues such as the behaviour of board members, shared value, the well-being of stakeholders, the protection of vulnerable individuals and the roles played by public opinion and shareholders. This timely book seeks to lay the foundations for a sustainable corporate governance based on the European Commission definition of CSR as ‘the responsibility of enterprises for their impacts on society’. More generally, this sustainable corporate governance responds to some of the pressing challenges of the 21st century, from sustainable finance and climate change to carbon reduction and population growth.

Shareholder Primacy And Corporate Governance

Author : Shuangge Wen
ISBN : 9781136019920
Genre : Law
File Size : 81. 80 MB
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Rising defaults in the financial market in 2007, the current widespread economic recession and debt crisis have added impetus to existing doubts about companies’ governance, and cast new light on future trends in shareholder-oriented corporate practice. Taking account of these developments in the field and realising the current need for changes in governance, this book offers a thorough exploration of the origins, recent changes and future development of the corporate objective—shareholder primacy. Legal and theoretical aspects are examined so as to provide a comprehensive and critical account of the practices reflecting shareholder primacy in the UK. In the wake of the financial crisis, this book investigates the direction of future policy, with particular attention to changes in governing rules and regulations and their implications for preserving the objective of shareholder primacy. It examines current UK and EU reform proposals calling for long-term and socially-responsible corporate performance, and the potential friction between proposed legal changes and commercial practices. This book will be useful to researchers and students of company law, and business and management studies.

Rethinking Corporate Governance

Author : Alessio Pacces
ISBN : 9781135099411
Genre : Law
File Size : 56. 74 MB
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The standard approach to the legal foundations of corporate governance is based on the view that corporate law promotes separation of ownership and control by protecting non-controlling shareholders from expropriation. This book takes a broader perspective by showing that investor protection is a necessary, but not sufficient, legal condition for the efficient separation of ownership and control. Supporting the control powers of managers or controlling shareholders is as important as protecting investors from the abuse of these powers. Rethinking Corporate Governance reappraises the existing framework for the economic analysis of corporate law based on three categories of private benefits of control. Some of these benefits are not necessarily bad for corporate governance. The areas of law mainly affecting private benefits of control – including the distribution of corporate powers, self-dealing, and takeover regulation – are analyzed in five jurisdictions, namely the US, the UK, Italy, Sweden, and the Netherlands. Not only does this approach to corporate law explain separation of ownership and control better than just investor protection; it also suggests that the law can improve the efficiency of corporate governance by allowing non-controlling shareholders to be less powerful.

Oecd Grunds Tze Der Corporate Governance

Author : OECD
ISBN : 9789264574229
Genre :
File Size : 46. 30 MB
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Ein gutes Corporate Governance-System ist für den effizienten Einsatz des Unternehmenskapitals von entscheidender Bedeutung.

Corporate Governance In Japan

Author : Björn Menden
ISBN : STANFORD:36105022215797
Genre : Business & Economics
File Size : 56. 39 MB
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Alle Macht Dem Markt

Author : Wolfgang Streeck
ISBN : 3593372657
Genre : Business enterprises
File Size : 24. 61 MB
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Die Soziale Aufgabe Des Privatrechts

Author : Otto Gierke
ISBN : 9783662331156
Genre : Law
File Size : 64. 5 MB
Format : PDF
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Von Kommenden Dingen

Author : W.Rathenau
ISBN : 9785873676620
Genre : History
File Size : 54. 82 MB
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Verfassungsfragmente

Author : Gunther Teubner
ISBN : 9783518772805
Genre : Law
File Size : 34. 56 MB
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Nicht zuletzt durch eine Reihe von öffentlichen Skandalen wurde in den letzten Jahren die »Neue Verfassungsfrage« aufgeworfen. Menschenrechtsverletzungen durch multinationale Unternehmen, Korruption im Medizin- und Wissenschaftsbetrieb, Bedrohung der Meinungsfreiheit durch private Intermediäre im Internet, massive Eingriffe in die Privatsphäre durch Datensammlung privater Organisationen und mit besonderer Wucht die Entfesselung katastrophaler Risiken auf den weltweiten Kapitalmärkten – sie alle werfen Verfassungsprobleme im strengen Sinne auf. Ging es früher um die Freisetzung der politischen Machtenergien des Nationalstaats und zugleich um ihre wirksame rechtsstaatliche Begrenzung, so geht es nun darum, ganz andere gesellschaftliche Energien zu diskutieren und in ihren destruktiven Konsequenzen wirksam zu beschränken. Konstitutionalismus jenseits des Nationalstaats – das heißt zweierlei: Die Verfassungsprobleme stellen sich außerhalb der Grenzen des Nationalstaats in transnationalen Politikprozessen und zugleich außerhalb des institutionalisierten Politiksektors in den »privaten« Sektoren der Weltgesellschaft.

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