Corporate Governance in Contention

Ciaran Driver is Professor of Economics in the School of Finance and Management at SOAS, University of London. His main research interests are capital investment, innovation, and corporate governance. He has been attached to several global business schools; advised several government and inter-governmental organizations; and held visiting posts in the US, South Africa, and the Australian National University. Recent publications include a chapter in the Sage Handbook of Corporate Governance (2012); work on R&D (Research Policy 2012); economics of advertising (Journal of Economic Surveys 2015); and executive pay (Industrial and Corporate Change 2017). He co-authored with Paul Temple The Unbalanced Economy, Palgrave Macmillan (2014) and was also a co-author of Beyond Shareholder Value, a compendium published by the TUC, SOAS and NPI (2014). He is a Fellow of the Academy of Social Sciences and a Trustee of the New Economics Foundation.Grahame Thompson is Emeritus Professor at The Open University, UK. Between 2008 and 2016 he was Visiting Professor first at the Department of Business and Politics, Copenhagen Business School and then Visiting Research Professor in the Department of Political Science at Copenhagen University, Denmark. His latest books are The Constitutionalization of the Global Corporate Sphere? (OUP, 2012) and Globalization Revisited (Routledge, 2015).

• 1: Ciaran Driver and Grahame Thompson: Introduction Part 1. Corporate Forms and the Law 2: Simon Deakin: Reversing Financialisation: Shareholder Value and the Legal Reform of Corporate Governance 3: Kevin Levillain, Simon Parker, Rory Ridley-Duff, Blanche Segrestin, Jeroen Veldman and Hugh Willmott: Protecting Long-Term Commitment: Legal and Organizational Means 4: Steen Thomsen: Foundation Ownership and Firm Performance: A Review of the International Evidence 5: Prem Sikka: Corporate Governance and Family-Owned Companies: The Case of BHS Part 2. Corporate Governance Systems and Innovation 6: William Lazonick: The Functions of the Stock Market and the Fallacies of Shareholder Value 7: Fabio Landini And Ugo Pagano: The Evolution of Corporate Species 8: Jackie Krafft And Jacques-Laurent Ravix: Corporate Governance: Shareholders Primacy, Owners Activism and the Potential Mismatch with Innovation Part 3. Worker Involvement and Corporate Governance 9: John Child: Downward Accountability 10: Bob Hancké: How Including Labour Can Improve Corporate Governance 11: Ciaran Driver: Fixing the Corporation: A Management or a Governance Issue? Part 4. Broadening The Corporate Governance Debate 12: Colin Crouch: The Incompatibles: Shareholder Maximization and Consumer Sovereignty 13: Jette Steen Knudsen: Government Regulation of Corporate Social Responsibility (CSR): Implications for Corporate Governance

The chapters in this book are timely, ambitious, relevant, refreshing and offer insights on the limitations of the dominant model of corporate governance, while proposing imaginative approaches for reform.