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Author Parkinson, J. E. (John E.), author.

Title Corporate power and responsibility : issues in the theory of company law / J.E. Parkinson
Published Oxford : Clarendon Press ; New York : Oxford University Press, 1993
©1993

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Description 1 online resource (xxv, 464 pages)
Contents Table of UK Cases -- Table of Commonwealth Cases -- Table of US Cases -- Table of UK Statutes -- Table of European Community Legislation -- Table of UK Statutory Instruments -- Table of Legislation from other Jurisdictions -- 1. Corporate Power. I. The Corporate Economy. II. The Nature of Corporate Power. III. Corporate Power and the Need for a Public-Interest Justification. IV. Companies and the Creation of Social Wealth -- 2. Ownership, Control, and the Pursuit of Profit. I. Delegation and the Problem of Control. II. The Separation of Ownership and Control -- 3. The Legal Control of Management Discretion. I. The Content of the Duty to Act bona fide for the Benefit of the Company. II. The Effectiveness of the Duty to Act bona fide for the Benefit of the Company -- 4. Managerial Efficiency. I. Directors and the Duty of Care. II. The Discipline of the Market. III. The Role of Liability Rules -- 5. Reinforcing -- And Challenging -- The Legal Model. I. Protecting the Governance Structure
II. Protecting the Shareholders' Financial Interests. III. Challenging the Legal Model: the Redefinition of Management Duties -- 6. Corporate Governance: Shareholder Democracy and the Monitoring Board. I. Control through Shareholder Democracy. II. Institutional Control. III. The Nexus of Contracts Model of the Company. IV. Board Reform -- 7. Management Self-Dealing. I. Self-Interested Transactions. II. Directors' Terms of Employment and Remuneration. III. Corporate Opportunities. IV. Conclusion -- 8. The Enforcement of Directors' Duties. I. Enforcement by the Company. II. Enforcement by Minority Shareholders -- 9. Social Responsibility Within the Current Legal Fabric. I. Social Responsibility and the Modern Public Company. II. A Typology of Corporate Social Responsibility. III. The Scope for Social Policy within the Legal Model. IV. Social Responsibility in Practice -- 10. An Evaluation of Profit-Sacrificing Social Responsibility. I. The Three Criticisms
II. The Adoption of Other-Regarding Constraints. III. Social Activism. IV. Conclusion: Social Responsibility as a Process Concept -- 11. Strengthening the Constraints. I. Enforcing External Constraints. II. Increasing Corporate Responsibility: Two Models. III. Implementing the Models -- 12. The Democratic Imperative: Beyond Social Responsibility. I. The Case for Employee Participation. II. Board-Level Participation. III. Employee Share Ownership. IV. Worker-Controlled Enterprises
Summary Despite the enormous economic, social, and political power they possess, public companies are regarded by company law as essentially private bodies, existing for the benefit of their shareholders. In recent years the revival and extension of the analysis of corporate organization in terms of contract has been relied on to reinforce this perspective and to insulate the 'internal affairs' of companies from regulatory intervention. Corporate Power and Responsibility rejects this approach, arguing that company law should be seen as serving public purposes: of promoting the efficient operation of the economy, while at the same time constraining the pursuit of profit in the interests of the various groups affected by corporate activity. From this standpoint many of the central issues relating to the large public company are discussed, including the separation of ownership and control, corporate governance, and the role of markets in controlling management behaviour. The meaning and the merits of corporate social responsibility, together with the techniques for making that concept operational, are considered in some detail. The book will be of interest not only to lawyers, but to all those concerned with the regulation of corporate power
Analysis Business Law
Great Britain
Bibliography Includes bibliographical references (pages 435-458) and index
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
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Print version record
Subject Corporation law -- Great Britain
Social responsibility of business -- Great Britain
Corporation law
Social responsibility of business
Kapitalgesellschaft
Ondernemingsrecht.
Bestuurders.
Vennootschappen.
Sociale verantwoordelijkheid.
business.
social responsibility.
ethics.
profit.
social implication.
company law.
legal theory.
workplace power.
employers liability.
top management.
management board.
management.
enterprise.
management attitude.
business.
social responsibility.
judicial decision.
Corporation law -- Great Britain.
Social responsibility of business -- Great Britain.
affaires.
responsabilité sociale.
éthique.
profit.
conséquences sociales.
droit des sociétés.
théorie juridique.
pouvoir dans l'entreprise.
responsabilité de l'employeur.
cadres supérieurs.
comité directeur.
gestion.
entreprise.
attitude patronale.
affaires.
responsabilité sociale.
décision judiciaire.
negocios.
responsabilidad social.
ética.
utilidad.
consecuencias sociales.
ley de sociedades.
teoría legal.
poder empresarial.
responsabilidad del empleador.
alta dirección.
junta de dirección.
administración.
empresa.
actitud de la dirección.
negocios.
responsabilidad social.
sentencia judicial.
Great Britain
Großbritannien
United Kingdom of Great Britain and Northern Ireland.
Royaume-Uni de Grande-Bretagne et d'Irlande du Nord.
Reino Unido de Gran Bretaña e Irlanda del Norte.
Genre/Form bibliography.
comment.
bibliographie.
commentaire.
bibliografía.
comentario.
Form Electronic book
ISBN 9780191682018
0191682012