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Corporate Power and Social Responsibility: Issues in the Theory of Company Law Book

Corporate Power and Social Responsibility: Issues in the Theory of Company Law
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Corporate Power and Social Responsibility: Issues in the Theory of Company Law, In this important new study John Parkinson rejects the theory that the internal affairs of corporate organizations should be insulated from regulatory intervention and argues that a function of company law is to promote the public interest. He examines , Corporate Power and Social Responsibility: Issues in the Theory of Company Law
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  • Corporate Power and Social Responsibility: Issues in the Theory of Company Law
  • Written by author John E. Parkinson
  • Published by Oxford University Press, USA, 2/17/1994
  • In this important new study John Parkinson rejects the theory that the "internal affairs" of corporate organizations should be insulated from regulatory intervention and argues that a function of company law is to promote the public interest. He examines
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Table of UK Cases
Table of Commonwealth Cases
Table of US Cases
Table of UK Statutes
Table of European Community Legislation
Table of UK Statutory Instruments
Table of Legislation from other Jurisdictions
Introduction 1
1 Corporate Power 3
I The Corporate Economy 3
II The Nature of Corporate Power 8
III Corporate Power and the Need for a Public-Interest Justification 21
IV Companies and the Creation of Social Wealth 41
2 Ownership, Control, and the Pursuit of Profit 51
I Delegation and the Problem of Control 51
II The Separation of Ownership and Control 54
3 The Legal Control of Management Discretion 73
I The Content of the Duty to Act bona fide for the Benefit of the Company 74
II The Effectiveness of the Duty to Act bona fide for the Benefit of the Company 92
4 Managerial Efficiency 97
I Directors and the Duty of Care 97
II The Discipline of the Market 113
III The Role of Liability Rules 132
5 Reinforcing - And Challenging - The Legal Model 137
I Protecting the Governance Structure 137
II Protecting the Shareholders' Financial Interests 140
III Challenging the Legal Model: the Redefinition of Management Duties 151
6 Corporate Governance: Shareholder Democracy and the Monitoring Board 159
I Control through Shareholder Democracy 160
II Institutional Control 166
III The Nexus of Contracts Model of the Company 177
IV Board Reform 191
7 Management Self-Dealing 200
I Self-Interested Transactions 205
II Directors' Terms of Employment and Remuneration 218
III Corporate Opportunities 226
IV Conclusion 236
8 The Enforcement of Directors' Duties 237
I Enforcement by the Company 237
II Enforcement by Minority Shareholders 241
9 Social Responsibility Within the Current Legal Fabric 260
I Social Responsibility and the Modern Public Company 262
II A Typology of Corporate Social Responsibility 266
III The Scope for Social Policy within the Legal Model 271
IV Social Responsibility in Practice 281
10 An Evaluation of Profit-Sacrificing Social Responsibility 304
I The Three Criticisms 305
II The Adoption of Other-Regarding Constraints 309
III Social Activism 337
IV Conclusion: Social Responsibility as a Process Concept 344
11 Strengthening the Constraints 347
I Enforcing External Constraints 349
II Increasing Corporate Responsibility: Two Models 364
III Implementing the Models 366
12 The Democratic Imperative: Beyond Social Responsibility 397
I The Case for Employee Participation 402
II Board-Level Participation 408
III Employee Share Ownership 423
IV Worker-Controlled Enterprises 426
Bibliography 435
Index 459


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Corporate Power and Social Responsibility: Issues in the Theory of Company Law, In this important new study John Parkinson rejects the theory that the internal affairs of corporate organizations should be insulated from regulatory intervention and argues that a function of company law is to promote the public interest. He examines , Corporate Power and Social Responsibility: Issues in the Theory of Company Law

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Corporate Power and Social Responsibility: Issues in the Theory of Company Law, In this important new study John Parkinson rejects the theory that the internal affairs of corporate organizations should be insulated from regulatory intervention and argues that a function of company law is to promote the public interest. He examines , Corporate Power and Social Responsibility: Issues in the Theory of Company Law

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Corporate Power and Social Responsibility: Issues in the Theory of Company Law, In this important new study John Parkinson rejects the theory that the internal affairs of corporate organizations should be insulated from regulatory intervention and argues that a function of company law is to promote the public interest. He examines , Corporate Power and Social Responsibility: Issues in the Theory of Company Law

Corporate Power and Social Responsibility: Issues in the Theory of Company Law

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