Search results
Results from the WOW.Com Content Network
Clarke, Thomas (ed.) (2004) Theories of Corporate Governance: The Philosophical Foundations of Corporate Governance, London and New York: Routledge, ISBN 0-415-32308-8 Clarke, Thomas (ed.) (2004) Critical Perspectives on Business and Management (5 Volume Series on Corporate Governance – Genesis, Anglo-American, European, Asian and ...
Shareholder primacy is a theory in corporate governance holding that shareholder interests should be assigned first priority relative to all other stakeholders. A shareholder primacy approach often gives shareholders power to intercede directly and frequently in corporate decision-making, through such means as unilateral shareholder power to amend corporate charters, shareholder referendums on ...
Governance often refers to a particular level of governance associated with a type of organization (including public governance, global governance, non-profit governance, corporate governance, and project governance), a particular 'field' of governance associated with a type of activity or outcome (including environmental governance, internet ...
Corporate Power and Responsibility: Issues in the Theory of Company Law (1993) is a seminal book in UK company law by J.E. Parkinson.Its focus is corporate governance from a progressive perspective which charts the flaws and maps the reforms needed to match the responsibility modern corporations have to their responsibility.
Numerous articles and books written on stakeholder theory generally identify Freeman as the "father of stakeholder theory". [14] Freeman's Strategic Management: A Stakeholder Approach (1984) is widely cited in the field as being the foundation of stakeholder theory, [15] although Freeman himself refers to several bodies of literature used in the development of his approach, including strategic ...
Shareholder democracy is a concept relating to the governance structure of modern corporations. In this structure, shareholders bear ultimate controlling authority over the corporation, as they are the owners and may exercise control within their economic rights. Although shareholders own the corporation, they generally take a passive interest ...
Friedman introduced the theory in a 1970 essay for The New York Times titled "A Friedman Doctrine: The Social Responsibility of Business is to Increase Its Profits". [2] In it, he argued that a company has no social responsibility to the public or society; its only responsibility is to its shareholders. [2]
However, recent literature (such as Rojas 2014 [20]) builds upon Jensen's work arguing in favor of a dynamic model of the corporation and theory of corporate governance. After Jensen and Murphy (1990), Congress passed Section 162(m) of the U.S. Internal Revenue Code (1993), making it cost effective to pay executives in equity.