Shareholder Primacy and Corporate Governance: Legal Aspects, Practices and Future Directions

Shareholder Primacy and Corporate Governance: Legal Aspects, Practices and Future Directions

by Shuangge Wen

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Rising defaults in the financial market in 2007, the current widespread economic recession and debt crisis have added impetus to existing doubts about companies’ governance, and cast new light on future trends in shareholder-oriented corporate practice. Taking account of these developments in the field and realising the current need for changes in governance, this book offers a thorough exploration of the origins, recent changes and future development of the corporate objective—shareholder primacy. Legal and theoretical aspects are examined so as to provide a comprehensive and critical account of the practices reflecting shareholder primacy in the UK. In the wake of the financial crisis, this book investigates the direction of future policy, with particular attention to changes in governing rules and regulations and their implications for preserving the objective of shareholder primacy. It examines current UK and EU reform proposals calling for long-term and socially-responsible corporate performance, and the potential friction between proposed legal changes and commercial practices.

This book will be useful to researchers and students of company law, and business and management studies.

Product Details

ISBN-13: 9781136019920
Publisher: Taylor & Francis
Publication date: 10/08/2013
Series: Routledge Research in Corporate Law
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 272
File size: 2 MB

About the Author

Shuangge Wen is currently working as Professor in Law at Jilin University, and also lecturing at Swansea Law School.

Table of Contents

Introduction   Part 1: The Basis Of Shareholder Primacy in the UK  1. Corporate Governance: Concepts and Mechanisms  2. The Corporate Objective Mapped in Theories and Legal Practices I: Shareholder Primacy through the Economic Lens  3. The Corporate Objective Mapped in Theories and Legal Practices II: The Feasibility of the UK Moving Towards the Stakeholder End  Part 2: Forces Driving UK Corporate Governance Reforms   4. The Force of EU Harmonisation Action and its Effect in Transforming the UK Shareholder  Part 3: Recent Changes in UK Company Law and Corporate Governance  5. Recent Changes in UK Company Law and Corporate Governance  Part 4: Future Predictions   6. Exploring the Rationale of Sharehole Primacy in the UK  7. The Way Forward in the Wake of the Crisis  Conclusion

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