Corporate governance in the shadow of the state:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Oxford [u.a.]
Hart Publ.
2013
|
| Schriftenreihe: | Contemporary studies in corporate law
|
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XXII, 314 S. |
| ISBN: | 9781849460088 |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV041365910 | ||
| 003 | DE-604 | ||
| 005 | 20140226 | ||
| 007 | t | ||
| 008 | 131017s2013 |||| 00||| eng d | ||
| 020 | |a 9781849460088 |9 978-1-84946-008-8 | ||
| 035 | |a (DE-599)BVBBV041365910 | ||
| 040 | |a DE-604 |b ger |e rakwb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-M382 | ||
| 100 | 1 | |a Moore, Marc T. |e Verfasser |0 (DE-588)1034627813 |4 aut | |
| 245 | 1 | 0 | |a Corporate governance in the shadow of the state |c Marc T. Moore |
| 264 | 1 | |a Oxford [u.a.] |b Hart Publ. |c 2013 | |
| 300 | |a XXII, 314 S. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 0 | |a Contemporary studies in corporate law | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026814149&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-026814149 | ||
Datensatz im Suchindex
| _version_ | 1804151453008265216 |
|---|---|
| adam_text | Titel: Corporate governance in the shadow of the state
Autor: Moore, Marc T
Jahr: 2013
Contents
Preface vi
Table of Cases xv
Table of Legislation xix
1: Introduction 1
I. What is this Book About? 1
II. The Plan for the Book 6
III. Provisos to the Following Discussion 10
2: Defining Corporate Governance as a Subject of Legal Enquiry 12
I. The Problem of Corporate-Managerial Power 17
A. The Multifarious Nature of Power as a Social
Phenomenon 17
B. The Distinctiveness of Corporate-Managerial Power 18
C. Power Imbalance in the Corporate Equity Relation 20
D. The Legal Foundations of Power Imbalance in the
Corporate Equity Relation 24
II. The Structural Imperative of Legitimating Corporate-
Managerial Power 31
A. The Centrality of Power-Legitimacy in Sustaining
Power Imbalance 31
B. Cost of Capital as the Principal Criterion of Managerial
Power-Legitimacy 34
C. Accountability as the Key Factor in Legitimating Power
Imbalance 36
D. Power and Accountability as Non-Mutually-Reducing
Phenomena 39
E. Accountability as a Double-Edged Sword 41
III. Why Shareholder Exclusivity? 44
A. The A/on-Exclusivity of Equity as the Collective Subject
of Corporate-Managerial Power 44
B. Power Imbalance in the Employment Relation 45
C. Collective Adversarialism as a Legitimating
Counterbalance to Employer Power 49
D. Why has Collective Adversarialism been the Preferred
Structural Response to Employer Power? 54
IV. Summary 58
3: The Contractarian Paradigm of Corporate Governance Law 62
I. The Purported Privity of Anglo-American Corporate
Law 63
II. (A Brief) Historical and Intellectual Background to
Corporate Contractarianism 67
III. How Do Contractarians Rationalise the Most Prominent
Features of Anglo-American Corporate Governance? 72
A. The Conceptual Starting Point: The Corporation
(or Firm ) as a Nexus of Contracts 72
B. The Three Most Prominent Features of Anglo-American
Corporate Governance 74
IV. Legitimating Reciprocal Power Imbalance Within the
Contractarian Paradigm 86
A. Contractarianism and the Core Elements of Corporate
Governance Enquiry 86
B. The Principal Normative Dimensions of the
Contractarian Paradigm 87
V. Summary 96
4: The Contractual Dimensions of US Corporate Governance Law 99
I. Opt-Out , Opt-In , and Reversible-Default Rules 101
II. Competitive Federalism 106
III. Judicial Deference to Private Ordering: The Business
Judgment Rule 111
IV. Anti-Takeover Measures 115
A. The Contractual Nature of Staggered Boards and
Poison Pills 115
B. The Legitimacy of Anti-Takeover Measures Within the
Contractarian Paradigm 117
C. The Legitimacy of Anti-Takeover Measures Under
Delaware Corporate Law 120
V. Federal Deference to Private Ordering: The Rule 14a-8
Proposal 126
VI. The US Corporate Board as a Pre-Regulatory Institution 133
VII. Summary 134
5: The Contractual Dimensions of UK Corporate Governance Law 136
I. The Contractual Principle 139
A. Section 33 of the Companies Act 2006: The Articles as a
Contract 139
B. The Contractual Basis of the Board s Authority 142
II. Judicial Deference to Private Ordering 144
A. The Internal Management Doctrine 144
B. Judicial Non-Interventionism in Business Objectives
and Decisions 150
C. Retrospective Judicial Liability Relief for Negligent
Directors 157
III. The Endogeneity of the British Corporate Board 163
IV. Market-Invoking Regulation 167
V. Summary 174
6: The (Expanding) Regulatory Dimensions of Anglo-American
Corporate Governance Law 177
I. The De-Privatisation of Anglo-American Corporate
Governance Law? 180
A. Developments in the United States 180
B. Developments in the United Kingdom 187
C. Summary of this Part 197
II. The Mandatory Nature of Corporate Disclosure Regulation
in the United States and United Kingdom 198
A. Is Corporate Information-Production a Contractual or
Regulatory Phenomenon? 198
B. Information as a Public Good 200
C. The Normative Significance of Distinguishing
Corporate and Securities Law 201
D. The Definitional Grey Area: Corporate Governance
Norms in Securities Law Clothing 203
E. The Inherent Arbitrariness of the Corporate / Securities
Law Conceptual Dichotomy 205
III. The Regulatory Division of Corporate Decision-Making
Power in the UK 206
A. The Distinctiveness of the Anglo in the Anglo-
American Descriptor 206
B. The (Paradoxical) Mandatory Basis of the Contractual
Principle 208
C. Shareholders Statutory Shotgun Right 210
D. Shareholders Statutory Anti-Dilution Rights 212
IV. The Counter-Contractual Nature of the Equitable Fiduciary
Principle under Anglo-American Law 218
V. Summary 225
7: Rationalising Regulatory State Paternalism within an Expanded
Contractarian Paradigm 227
I. Are Mandatory Rules Mandatory at all? 230
II. The Acceptable Ambit of State Interventionism in Private
Ordering: Negative Externalities and Public Goods 233
III. The Market Mimicking Rationalisation of Regulatory
State Interventionism 238
A. The Extraordinary Scope and Controversiality of the
Market Mimicking Rationalisation 238
B. Why Can Investors Not be Trusted to Bargain for
Protectionist Governance Terms Privately? 243
IV. The Limitations of the Market Mimicking Rationalisation 247
A. The Inherent Arbitrariness of Hypothetical Bargaining
Rationality 247
B. Are Hypothetical Contracts Really Contractarian
at All? 252
V Expanding the Frontiers of the Contractarian Paradigm 256
A. The Challenge at Hand 256
B. Managerial Accountability as the Principal Rationale
for Mandatory Corporate Governance Laws 258
C. The Relationship Between Managerial Accountability
and Cost of Capital 264
D. Ramifications of Expanded Contractarian Paradigm
for Current Issues in Anglo-American Corporate
Governance Law 271
VI. Summary 276
8: Conclusions 279
Bibliography 283
Index 295
|
| any_adam_object | 1 |
| author | Moore, Marc T. |
| author_GND | (DE-588)1034627813 |
| author_facet | Moore, Marc T. |
| author_role | aut |
| author_sort | Moore, Marc T. |
| author_variant | m t m mt mtm |
| building | Verbundindex |
| bvnumber | BV041365910 |
| ctrlnum | (DE-599)BVBBV041365910 |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00998nam a2200265 c 4500</leader><controlfield tag="001">BV041365910</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20140226 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">131017s2013 |||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781849460088</subfield><subfield code="9">978-1-84946-008-8</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV041365910</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-M382</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Moore, Marc T.</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)1034627813</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Corporate governance in the shadow of the state</subfield><subfield code="c">Marc T. Moore</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Oxford [u.a.]</subfield><subfield code="b">Hart Publ.</subfield><subfield code="c">2013</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">XXII, 314 S.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">Contemporary studies in corporate law</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HBZ Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026814149&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-026814149</subfield></datafield></record></collection> |
| id | DE-604.BV041365910 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T00:55:03Z |
| institution | BVB |
| isbn | 9781849460088 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-026814149 |
| open_access_boolean | |
| owner | DE-M382 |
| owner_facet | DE-M382 |
| physical | XXII, 314 S. |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | Hart Publ. |
| record_format | marc |
| series2 | Contemporary studies in corporate law |
| spelling | Moore, Marc T. Verfasser (DE-588)1034627813 aut Corporate governance in the shadow of the state Marc T. Moore Oxford [u.a.] Hart Publ. 2013 XXII, 314 S. txt rdacontent n rdamedia nc rdacarrier Contemporary studies in corporate law HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026814149&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Moore, Marc T. Corporate governance in the shadow of the state |
| title | Corporate governance in the shadow of the state |
| title_auth | Corporate governance in the shadow of the state |
| title_exact_search | Corporate governance in the shadow of the state |
| title_full | Corporate governance in the shadow of the state Marc T. Moore |
| title_fullStr | Corporate governance in the shadow of the state Marc T. Moore |
| title_full_unstemmed | Corporate governance in the shadow of the state Marc T. Moore |
| title_short | Corporate governance in the shadow of the state |
| title_sort | corporate governance in the shadow of the state |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026814149&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT mooremarct corporategovernanceintheshadowofthestate |