EC Regulation of Corporate Governance

By:

Andrew Johnston

Format:

Hardback

Series:

International Corporate Law and Financial Market Regulation

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Description

Andrew Johnston examines EC regulation of national corporate governance systems through the lenses of economic theory and reflexive governance. By contrasting the normative demands of the neoclassical 'agency' model with those of the productive coalition model, he shows how their incompatibility required political compromise. Reflexive governance theory is then used to explain how progress has been possible. Through detailed analysis of both case law and positive regulation, the author highlights the move from positive to negative integration; the benefits as well as the limits of regulatory competition; and the significant role of reflexive techniques in both preventing market failure and enabling positive integration to proceed. The workable compromise that has emerged between market integration and continued regulatory diversity at national level demonstrates that procedural regulation can steer autonomous social subsystems towards greater responsibility and a better articulation of the public good.

Author Biography:

Andrew Johnston is a senior lecturer in the TC Beirne School of Law at the University of Queensland where he teaches and researches corporate law and corporate governance. He is also a research associate at the Centre for Business Research at the University of Cambridge.

Release date Australia

December 3rd, 2009

Author

Andrew Johnston

Audience

Professional & Vocational

Pages

418

Series

International Corporate Law and Financial Market Regulation

Dimensions

155x234x23

ISBN-13

9780521876674

Product ID

3678348

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