Overview
The corporate governance systems of Australia, Canada, the United Kingdom and the United States are often characterized as a single 'Anglo-American' system prioritizing shareholders' interests over those of other corporate stakeholders. Such generalizations, however, obscure substantial differences across the common-law world. Contrary to popular belief, shareholders in the United Kingdom and jurisdictions following its lead are far more powerful and central to the aims of the corporation than are shareholders in the United States. This book presents a new comparative theory to explain this divergence and explores the theory's ramifications for law and public policy. Bruner argues that regulatory structures affecting other stakeholders' interests - notably differing degrees of social welfare protection for employees - have decisively impacted the degree of political opposition to shareholder-centric policies across the common-law world. These dynamics remain powerful forces today, and understanding them will be vital as post-crisis reforms continue to take shape.
Full Product Details
Author: Christopher M. Bruner (Associate Professor of Law)
Publisher: Cambridge University Press
Imprint: Cambridge University Press
Dimensions:
Width: 15.20cm
, Height: 1.90cm
, Length: 22.90cm
Weight: 0.600kg
ISBN: 9781107013292
ISBN 10: 1107013291
Pages: 318
Publication Date: 29 March 2013
Audience:
Professional and scholarly
,
Professional and scholarly
,
Professional & Vocational
,
Professional & Vocational
Format: Hardback
Publisher's Status: Active
Availability: Manufactured on demand
We will order this item for you from a manufactured on demand supplier.
Reviews
Christopher Bruner's stimulating new book is a distinctive and important contribution to the burgeoning literature on comparative corporate governance. Bruner argues persuasively that within the common law world differences between countries are nearly as pronounced as the similarities and explains this pattern by way of provocative politically oriented theory. --Brian Cheffins, Cambridge University, Faculty of Law
'... Bruner's insights are a revelation ... [H]e has identified a critical, new dimension of our understanding of corporate law.' David Skeel, Texas Law Review
Author Information
Christopher M. Bruner is a J. Alton Hosch Professor of Law at the University of Georgia School of Law. His teaching and scholarship focus on corporate law and securities regulation, including international and comparative dimensions of these subjects. Bruner's articles have appeared in a variety of law and policy journals. His comparative study of corporate governance in the United Kingdom and the United States, Power and Purpose in the 'Anglo-American' Corporation, won the 2010 Association of American Law Schools Scholarly Papers competition.
