(Get free) The New Corporate Governance in Theory and Practice
·•●- Stephen Bainbridge ·•●-
| #2280396 in eBooks | 2008-07-23 | 2008-07-23 | File Name: B004HO6E4Q | PDF # 1
||||"The phenomenon that lies at the heart of this book - which Stephen Bainbridge describes as 'director primacy' - is both real and important. Directors now exercise control over most corporations in a way that directors did not just a few decades ago, and whi
Forty years ago, managerialism dominated corporate governance. In both theory and practice, a team of senior managers ran the corporation with little or no interference from other stakeholders. Shareholders were essentially powerless and typically quiescent. Boards of directors were little more than rubber stamps.
Today, the corporate governance landscape looks vastly different. The fall-out from the post-Enron scandal and implementation of the Sarbanes-Oxl...
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