Corporate Power and Responsibility: Issues in the Theory of Company Law
Online ISBN:
9780191682018
Print ISBN:
9780198259893
Publisher:
Oxford University Press
Book
Corporate Power and Responsibility: Issues in the Theory of Company Law
Published online:
22 March 2012
Published in print:
6 April 1995
Online ISBN:
9780191682018
Print ISBN:
9780198259893
Publisher:
Oxford University Press
Cite
Parkinson, J. E., Corporate Power and Responsibility: Issues in the Theory of Company Law, Clarendon Paperbacks (Oxford , 1995; online edn, Oxford Academic, 22 Mar. 2012), https://doi.org/10.1093/acprof:oso/9780198259893.001.0001, accessed 17 Apr. 2025.
Abstract
This book argues that it should be the function of company law to promote public interest. Examining a number of topical and controversial issues from this perspective, including the adequacy of corporate governance arrangements, the Nexus of Contracts theory of the company, and the role of markets, the book explains why the theory of company law has to be understood in order for the day-to-day practice of company lawyers to be fully appreciated. The book explores in some depth the protection of interests largely ignored by company law, such as those of employees and the local community, and the safeguarding of the environment from corporate abuse.
Contents
-
Front Matter
-
1
Corporate Power
-
2
Ownership, Control, and the Pursuit of Profit
-
3
The Legal Control of Management Discretion
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4
Managerial Efficiency
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5
Reinforcing—and Challenging—the Legal Model
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6
Corporate Governance: Shareholder Democracy and the Monitoring Board
-
7
Management Self-Dealing
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8
The Enforcement of Directors’ Duties
-
9
Social Responsibility within the Current Legal Fabric
-
10
An Evaluation of Profit-Sacrificing Social Responsibility
-
11
Strengthening the Constraints
-
12
The Democratic Imperative: Beyond Social Responsibility
-
End Matter
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