EC Regulation of Corporate Governance
1st Edition
Published on 22. June 2010
978-0-511-76392-2 (ISBN)
Description
Andrew Johnston examines EC regulation of national corporate governance systems through the lenses of economic theory and reflexive governance. By contrasting the normative demands of the neoclassical 'agency' model with those of the productive coalition model, he shows how their incompatibility required political compromise. Reflexive governance theory is then used to explain how progress has been possible. Through detailed analysis of both case law and positive regulation, the author highlights the move from positive to negative integration; the benefits as well as the limits of regulatory competition; and the significant role of reflexive techniques in both preventing market failure and enabling positive integration to proceed. The workable compromise that has emerged between market integration and continued regulatory diversity at national level demonstrates that procedural regulation can steer autonomous social subsystems towards greater responsibility and a better articulation of the public good.
More details
Series
Language
English
Place of publication
Cambridge
United Kingdom
Publishing group
Cambridge University Press
Target group
Professional and scholarly
Illustrations
Worked examples or Exercises
File size
2,01 MB
ISBN-13
978-0-511-76392-2 (9780511763922)
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Schweitzer Classification
Other editions
Additional editions
Andrew Johnston
EC Regulation of Corporate Governance
Book
12/2009
Cambridge University Press
€117.90
Shipment within 15-20 days
Person
Andrew Johnston is a senior lecturer in the TC Beirne School of Law at the University of Queensland where he teaches and researches corporate law and corporate governance. He is also a research associate at the Centre for Business Research at the University of Cambridge.
Content
1. Introduction; Part I. Theories of Corporate Governance: 2. The shareholder value model; 3. The productive coalition model; Part II. Supranational Regulatory Techniques: 4. Harmonisation; 5. Negative integration; 6. Variety and integration: reflexive corporate governance regulation; Part III. EC Regulation of Corporate Governance: 7. The European company statute and the takeover directive; 8. Capital market regulation; 9. 'Labour law' regulation; 10. 'Soft law'; 11. Conclusion: the genius of EC corporate governance regulation.
