The typical British publicly traded company has widely dispersed share ownership and is run by professionally trained managers who collectively own an insufficiently large percentage of shares to dictate the outcome when shareholders vote. This separation of ownership and control has not only...

This research review is a unique resource for those seeking a historical overview of the development of corporate governance. The papers trace the evolution of US corporate governance from the time when the subject became prominent in the 1970s to the present day. Topics canvassed include the...