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Currently, there exists a distrust of corporate activity in the continuing aftermath of the financial crisis and with increasing recognition of the threats of climate change and global, as well as national, inequalities. Despite efforts in the arena of corporate governance to address these, we are still beset with corporate scandals and witness companies facing large fines for their environmental and cost-cutting misdemeanours. Recognising that the usual responses to dealing with these corporate problems are not effective, this book asks whether the traditional form of the joint stock corporation itself lies at the heart of these problems. What are the features of the corporate form and how does its current regulation underscore these problems? Identifying such features provides a basis for the discussion to develop towards suggesting more progressive regulatory developments around the corporate form.More fundamentally, this book investigates a diverse range of corporate governance models that are emerging as alternatives to the shareholder corporation, including employee-owned, cooperative and social enterprises. The contributors are leading scholars from various backgrounds including law, management and organisation studies, finance and accounting, as well as experienced professionals and policy makers with expertise in social and cooperative business models and the role of employees in the corporation.
Nina Boeger is Senior Lecturer in Law and Director of the Centre for Law and Enterprise at the University of Bristol Law School.Charlotte Villiers is Professor of Company Law and Corporate Governance at the University of Bristol Law School.
Part I: Corporate Reform1. Corporate Schizophrenia: The Institutional Origins of Corporate Social Irresponsibility Paddy Ireland2. Destruction by Ideological Pretence: The Case of Shareholder Primacy Gordon Pearson3. The Separate Legal Entity and the Architecture of the Modern Corporation Jeroen Veldman4. Dismantling the Legal Myth of Shareholder Primacy: The Corporation as a Sustainable Market Actor Beate Sjåfjell5. Climate Change, Business Transformation Mick Blowfield6. Capitalism: Why Companies are Unfit for Social Purpose and How they Might be Reformed Lorraine Talbot7. Section 172 of the Companies Act 2006: Desperate Times Call for Soft Law Measures Georgina Tsagas8. Corporate Governance, Responsibility and Compassion: Why we should Care Charlotte Villiers9. Beyond Shareholder Primacy—The Case for Workers’ Voice in Corporate Governance Janet Williamson10. The New Corporate Movement 9Nina BoegerPart II: Enterprise Diversity11. Recognising Facts in Economic Democracy David Erdal12. Can Reduced Shareholder Power Enable Corporate Stakeholder Accountability? The Case of Triodos Bank Stuart Cooper13. The Arrival of B Corps in Britain: Another Milestone Towards a More Nuanced Economy? David Hunter14. Danish Foundations and Cooperatives as Forms of Corporate Governance: Origins and Impacts on Firm Strategies and Societies Peer Hull Kristensen and Glenn Morgan15. What’s in a Name? Reflections on the Marginalisation of the Co-operative as an Organisational Form Anita Mangan16. The Internationalisation of the FairShares Model: Where Agency Meets Structure in US and UK Company Law Rory Ridley-Duff17. The Politics, Policy, Popular Perception and Practice of Social Enterprise in the Twenty-first Century Dan Gregory18. Lessons from the Community Interest Company Nina Boeger, Sara Burgess and Julie Ellison
Beate Sjåfjell, Georgina Tsagas, Charlotte Villiers, Beate Sjåfjell, Beate (University of Oslo) Sjafjell, Georgina (Brunel University London) Tsagas, Charlotte (University of Bristol) Villiers