Part 1 The context of corporate legitimacy: transformations of the capitalist institutional framework, Josepth Schumpeter; crisis tendencies and legitimation in liberal capitalism, Jurgen Habermas; understanding the roots of publicness, Barry Bozeman; thinking about corporate legitimacy, Michael Gordy. Part 2 Management v. owners - who should control? traditional theory and the new concept of the corporation, Adolf A. Berle and Gardiner C. Means; ideology and managerial control, James Burnham; the problem of legitimacy in the modern corporation, Edward S. Mason; a question of managerial legitimacy, Marion S. McNulty; growing corporate governance - from George III to George Bush, Robert A.G. Monks; can investor hegemony ensure legitimacy?, Brenda Sutton. Part 3 Legitimacy and the future of corporate governance: legitimacy and the governance systems, F. Friedrich Neubauer and Ada Demb; the new corporatism - business executives as social managers, Ahmet Aykac and Michael Gordy; business in the eco-system of power, Kenneth Boulding; decision-making and global transformation, Willis Harman.