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Driver, Ciaran (2018) 'Fixing the Corporation: a Management or a Governance issue?' In: Driver, Ciaran and Thompson, Grahame, (eds.), Corporate Governance in Contention. Oxford: Oxford University Press, pp. 239-260.

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Abstract

In this chapter I first review the current state of play in corporate governance debates, highlighting challenges to the dominant agency view. Following a critique of the economic reasoning supporting shareholder primacy I consider two contrasting approaches to fixing the problems of labour engagement and capital commitment that affect economic performance. These approaches—which could loosely be called stakeholding—differ in the emphasis given to the roles of management on the one hand and governance on the other in addressing the identified problems. I analyse them here in respect of their logical consistency and also their feasibility. A management-oriented approach is unlikely in itself to be sufficient but it may help in creating the underlying institutional supports needed for governance reform.

Item Type: Book Chapters
Keywords: Shareholder primacy, stakeholding, management, governance, labour relations, economic performance
SOAS Departments & Centres: Departments and Subunits > School of Finance & Management
ISBN: 9780198805274
DOI (Digital Object Identifier): https://doi.org/10.1093/oso/9780198805274.003.0011
Date Deposited: 12 Apr 2018 10:58
URI: https://eprints.soas.ac.uk/id/eprint/25706

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