Full Description
This textbook on corporate governance is written for advanced undergraduate and graduate law students, as well as scholars working in the field. It offers clear insight into this fascinating area of financial law, from the analysis of the legal and regulatory framework of corporate governance in the UK to the core laws and regulatory principles that determine the allocation of decision-making power in UK public companies.
This book also highlights how prevailing corporate governance norms operate within their broader market and societal context. In doing so, it seeks to encourage readers to develop their own critical opinions on the topic by reference to leading strands of theoretical and inter-disciplinary literature, along with relevant comparative and historical insights.
Contents
Part I: Introduction to corporate governance
1. What is corporate governance?
2. Corporate governance and theory of the firm
3. The corporate governance regulatory architecture
Part II: Relational aspects of corporate governance: Shareholders, boards, managers and employees
4. Board authority and shareholders' right of intervention
5. Institutional investors and shareholder engagement
6. Corporate governance and labour
Part III: Corporate risk management and oversight
7. The monitoring board and independent directors
8. Internal control and risk management
Part IV: Managerial incentives and disciplines
9. Design and control of executive remuneration
10. Regulation of the market for corporate control.
