Most directors and senior managers of UK companies would likely regard it as trite law that, in undertaking their managerial and/or control functions, they are accountable first and foremost to their employer firm's general body of shareholders. It follows that the interests of other corporate...

This symposium paper critically evaluates the developing 'Post-Shareholder-Value' ('PSV') paradigm in corporate governance scholarship and practice, with particular reference to Professor Colin Mayer's influential theory of the corporation as a unique long-term "commitment device". The paper's...

The view of corporations as private creatures whose role consists mainly of offering enhanced economic efficiency has long dominated. More recent developments, however, suggest that a change may be underway. Starting with the global financial crisis, and in recent years influenced by climate...

Introduction / Barnali Choudhury and Martin Petrin -- Four transformations of the corporate form / Reuven S. Avi-Yonah -- Comparative corporate governance : old and new / Martin Gelter -- Corporation's intrinsic attributes / Christopher M. Bruner -- Understanding the modern company through the...

What is the purpose of the company and its role in society? From their origin in medieval times to their modern incarnation as powerful transnational bodies, companies remain an important part of business and society at large. Drawing from a variety of perspectives, this book adopts a normative...