EC Regulation of Corporate Governance

Erscheinungsjahr 2009
ISBN: 978-0-521-87667-4
Verlag: Cambridge University Press

Buch, Englisch, 418 Seiten, Format (B × H): 157 mm x 235 mm, Gewicht: 756 g

Reihe: International Corporate Law and Financial Market Regulation

Andrew Johnston examines EC regulation of national corporate governance systems through the lenses of economic theory and reflexive governance. By contrasting the normative demands of the neoclassical 'agency' model with those of the productive coalition model, he shows how their incompatibility required political compromise. Reflexive governance theory is then used to explain how progress has been possible. Through detailed analysis of both case law and positive regulation, the author highlights the move from positive to negative integration; the benefits as well as the limits of regulatory competition; and the significant role of reflexive techniques in both preventing market failure and enabling positive integration to proceed. The workable compromise that has emerged between market integration and continued regulatory diversity at national level demonstrates that procedural regulation can steer autonomous social subsystems towards greater responsibility and a better articulation of the public good.

Autoren/Hrsg.

Johnston, Andrew

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Unternehmenskultur, Corporate Governance
• Rechtswissenschaften Recht, Rechtswissenschaft Allgemein
• Rechtswissenschaften Internationales Recht und Europarecht Europarecht Europäisches Handels-, Wirtschafts- und Gesellschaftsrecht, Währungsrecht

Inhaltsverzeichnis

1. Introduction; Part I. Theories of Corporate Governance: 2. The shareholder value model; 3. The productive coalition model; Part II. Supranational Regulatory Techniques: 4. Harmonisation; 5. Negative integration; 6. Variety and integration: reflexive corporate governance regulation; Part III. EC Regulation of Corporate Governance: 7. The European company statute and the takeover directive; 8. Capital market regulation; 9. 'Labour law' regulation; 10. 'Soft law'; 11. Conclusion: the genius of EC corporate governance regulation.

Über Autor(innen)

Johnston, Andrew
Andrew Johnston is a senior lecturer in the TC Beirne School of Law at the University of Queensland where he teaches and researches corporate law and corporate governance. He is also a research associate at the Centre for Business Research at the University of Cambridge.