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Vol 22 No 8 August/Sept 2017

Book of the Month

Cover of STEP: A Practical Guide to the Transfer of Trusteeships

STEP: A Practical Guide to the Transfer of Trusteeships

Edited by: Richard Williams, Arabella Murphy, Toby Graham
Price: £110.00

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Rethinking Corporate Governance: The Law and Economics of Control Powers


ISBN13: 9780415565196
Published: December 2012
Publisher: Routledge
Country of Publication: UK
Format: Hardback
Price: £115.00
Paperback edition , ISBN13 9781138191259



Despatched in 3 to 5 days.

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.

Subjects:
Company Law
Contents:
Part 1: Theory and Evidence on Corporate Law and Economics
1. Corporate Governance: Players and Problems
2. Comparative Corporate Governance: Facts
3. Agency Costs and Incomplete Contracts: Theory
4. Comparative Institutional Analysis: 'Law Matters'

Part 2: Rethinking Law 'Matters' in a Theory of Private Benefits of Control
5. 'Law Matters' Revisited: Private Benfits of Control
6. Control Matter Too: A Tale of Two Missions for Corporate Law

Part 3: Corporate Law and Economics Revisited
7. Legal Distribution of Corporate Powers
8. Laws of Conflicted Interest Transactions I: Functional Analysis
9. Laws of Conflicted Interest Transactions II: Comparative legal Analysis
10. Regulation of Control Transactions I: Legal and Economic Framework
11. Regulation of Control Transactions II: How it is, How it Should be

Series: Routledge Research in Corporate Law

Corporate Law and Financial Instability ISBN 9781138289130
To be published December 2017
Routledge
£105.00
Board Accountability in Corporate Governance ISBN 9781138702127
Published January 2017
Routledge
£37.99
£29.16 + £5.83 VAT
(ePub)
Buy
Rethinking Corporate Governance in Financial Institutions ISBN 9780415535465
Published November 2015
Routledge
£110.00
£33.32 + £6.66 VAT
(ePub)
Buy
£32.99
Board Accountability in Corporate Governance (eBook) ISBN 9781317910695
Published June 2015
Routledge
£33.32 + £6.66 VAT
(ePub)
Buy
Board Accountability in Corporate Governance ISBN 9780415725538
Published June 2015
Routledge
£110.00
Progressive Corporate Governance for the 21st Century ISBN 9781138805200
Published June 2014
Routledge
£37.99
£28.99
Directors' Decisions and the Law: Promoting Success (eBook) ISBN 9781134445295
Published February 2014
Routledge
£33.32 + £6.66 VAT
(ePub)
Buy
Directors' Decisions and the Law: Promoting Success ISBN 9780415671934
Published February 2014
Routledge
£110.00
£33.32 + £6.66 VAT
(ePub)
Buy
£33.32 + £6.66 VAT
(ePub)
Buy
The Political Determinants of Corporate Governance in China ISBN 9780415730587
Published October 2013
Routledge
£28.99
£33.32 + £6.66 VAT
(ePub)
Buy
Progressive Comparative Corporate Governance for the 21st Century ISBN 9780415563826
Published September 2012
Routledge
£110.00
£33.32 + £6.66 VAT
(ePub)
Buy
£110.00
The Political Determinants of Corporate Governance in China ISBN 9780415574013
Published March 2012
Routledge
£110.00
£33.32 + £6.66 VAT
(ePub)
Buy