We consider the consequences of the regular private meetings between directors of FTSE 100 companies and their major institutional shareholders. Whilst the economic incentives for both the flow of information and the formation of 'strategic informational relationships' between the two have been...

Conventional economic theory, applied to information released by listed companies, equates ‘useful’ with ‘price-sensitive’. Stock exchange rules accordingly prohibit the selective, private communication of price-sensitive information. Yet, even in the absence of such communication, UK...

The comply-or-explain principle is a central element of most codes of corporate governance. Originally put forward by the Cadbury Committee in the UK as a practical means of establishing a code of corporate governance whilst avoiding an inflexible “one size fits all” approach, it has since...

Against a background of management literature which advocated cultural change to increase corporate competitive performance (such as Peters and Waterman's In Search of Excellence), John Hendry and Veronica Hope explore four components of the problem of bringing about cultural change to produce...

For most people involved in the strategic management field, teaching competitive strategy involves teaching Porter's model of generic strategies. Critics of the model have however exposed some severe limitations to its application. There are also some serious sources of confusion, both within...

One of the strongest and most sustained trends within business over the last ten years has been the trend towards outsourcing. With increased fervour and conviction, corporations have sought to reduce costs by contracting out services and activities traditionally provided in-house. The rationale...

The idea of process reengineering, or computer-aided process-focused industrial engineering, has taken a firm hold in today's companies, but the benefits of this approach have often been elusive and even when they have been achieved it is by no means clear that they will be sustainable. In this...

Management Education and Humanities argues that management teachers and researchers seem to be increasingly dissatisfied with the way managers are usually educated in western countries. It claims that educational practices and methods would greatly benefit from reflection on the implicit...