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Shareholder Primacy and Corporate Governance: Legal Aspects, Practices, and Future Directions / Shuangge Wen

Swansea University Author: Shuangge Wen

Abstract

Taking account of the recent developments in the field and sensing an opportune moment for changes in governance, this book seeks to contribute to the recurring theme of the objective of the corporation by exploring the origins, recent changes and future development of the corporate objective – shar...

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Published: Routledge 2013
Online Access: http://www.routledge.com/books/details/9780415536264/
URI: https://cronfa.swan.ac.uk/Record/cronfa14762
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Abstract: Taking account of the recent developments in the field and sensing an opportune moment for changes in governance, this book seeks to contribute to the recurring theme of the objective of the corporation by exploring the origins, recent changes and future development of the corporate objective – shareholder primacy – in the UK context. This analysis will involve a study of the characteristics of UK shareholder-oriented rules, as well as an examination of recent rapid changes in the field that have increasingly had a bearing on the governance structures and processes of companies, so as to speculate on the way forward. Both legal and theoretical aspects will be used to provide a critical account of the practices reflecting shareholder primacy in the UK. In the wake of the financial crisis, this book will also analyse changes in governing rules and regulations and their implications for preserving the objective of shareholder primacy. It examines current UK and EU reform proposals calling for long-term and socially-responsible corporate performance, and the potential friction between proposed legal changes and commercial practices.
Keywords: Shareholder Primacy, Corporate Objective
College: Hillary Rodham Clinton School of Law