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9781800375765

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'Professor Vasudev's contribution is both timely and important. In identifying the normative tensions that mark the journey of the corporation until this very day, he is able to convincingly argue for a complex and long-term oriented understanding of business corporations and their place in changing political economies. Rather than being a mere investment vehicle that prioritizes and serves a limited set of interests, the corporation reemerges as a site of social transformation, innovation and sustainable planning. This excellent study is an inspiring and highly rewarding reading for anyone with a stake in reflecting on the blind spots of contemporary corporate governance.' -- Peer Zumbansen, McGill University, Canada 'This new work by Professor P.M. Vasudev is a welcome addition to the largely economic literature on shareholder value. It considers the legal idea and its link with shareholder primacy and democratic legitimacy and compares it with stakeholder theory which the author favours. The book goes on to makes interesting comparisons between US and Canadian corporate laws.' -- John Farrar, Bond University, Australia 'An important intervention in the ongoing debate over the purposes of the corporation and the goals of corporate law.' -- Daniel Crane, University of Michigan, US 'How corporations are to be managed and for what purpose has been a matter of debate for the past 100 years and while much has been written on the subject there is more to be said. This book provides a good contribution to the literature in that it provides the fruit of broad research that engages with the past but considers what the future could be like. Unlike much of the literature on stakeholderism it seeks to go beyond the theory and provide an examination of what governance for stakeholders could look like.' -- Andrew Keay, University of Leeds, UK 'P.M. Vasudev advances our understanding of the vituperative battling over the purpose of the corporation between shareholder and stakeholder primacists, toggling back and forth between Canada and the U.S. to find useful lessons for each country from the other. It is comparative corporate law at its best.' -- Donald Langevoort, Georgetown Law, Washington DC, US

'How corporations are to be managed and for what purpose has been a matter of debate for the past 100 years and while much has been written on the subject there is more to be said. This book provides a good contribution to the literature in that it provides the fruit of broad research that engages with the past but considers what the future could be like. Unlike much of the literature on stakeholderism it seeks to go beyond the theory and provide an examination of what governance for stakeholders could look like.' -- Andrew Keay, University of Leeds, UK 'P.M. Vasudev advances our understanding of the vituperative battling over the purpose of the corporation between shareholder and stakeholder primacists, toggling back and forth between Canada and the U.S. to find useful lessons for each country from the other. It is comparative corporate law at its best.' -- Donald Langevoort, Georgetown Law, Washington DC, US

‘Professor Vasudev’s contribution is both timely and important. In identifying the normative tensions that mark the journey of the corporation until this very day, he is able to convincingly argue for a complex and long-term oriented understanding of business corporations and their place in changing political economies. Rather than being a mere investment vehicle that prioritizes and serves a limited set of interests, the corporation reemerges as a site of social transformation, innovation and sustainable planning. This excellent study is an inspiring and highly rewarding reading for anyone with a “stake” in reflecting on the blind spots of contemporary corporate governance.’

'P.M. Vasudev advances our understanding of the vituperative battling over the purpose of the corporation between shareholder and stakeholder primacists, toggling back and forth between Canada and the U.S. to find useful lessons for each country from the other. It is comparative corporate law at its best.' -- Donald Langevoort, Georgetown Law, Washington DC, US

Author Information

P.M. Vasudev, Associate Professor, Faculty of Law, University of Ottawa, Canada

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