The Corporate Objective

Author:   Andrew Keay
Publisher:   Edward Elgar Publishing Ltd
ISBN:  

9781848447714


Pages:   360
Publication Date:   31 May 2011
Format:   Hardback
Availability:   To order   Availability explained
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The Corporate Objective


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Author:   Andrew Keay
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
ISBN:  

9781848447714


ISBN 10:   184844771
Pages:   360
Publication Date:   31 May 2011
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order   Availability explained
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Contents: Preface 1. Public Companies: Context, Theory and Objectives 2. Shareholder Primacy 3. Stakeholder Theory 4. An Entity Maximisation and Sustainability Model 5. The Enforcement of the Entity Maximisation and Sustainability Model 6. Investors 7. Managerial Discretion and Accountability 8. Allocation of Profits 9. Epilogue Index

Reviews

'This book is an excellently constructed piece of legal writing which covers a topic of significant social and economic importance. It is a work of excellent analytical clarity and contains a vast amount of research and considerable detail. . . Academics in corporate law and corporate governance in addition to corporate social responsibility and company law generally will find much to interest them in this publication as will students who study in these areas, particularly postgraduates.' -- John Quiggin, Journal of Business Law 'Andrew Keay's The Corporate Objective is an important contribution to the long-standing debate on the scope of corporate law.' -- Mohamed F. Khimji, Canadian Business Law Journal 'Although large public companies dominate the world, there is no unanimity as to their objective. Andrew Keay tackles this very important topic with skill and in considerable depth. . . Keay addresses some of the most important and complex issues of our time and is very creative in developing an innovative and promising theory. Widespread circulation of The Corporate Objective and discussion of the proposed EMS model would certainly move the debate well forward of where we stand today.' -- Corporate Governance 'This incisive monograph comfortably finds its niche in the Corporations, Globalisation and the Law series. Its arrival is to be welcomed as a significant contribution to a long-standing debate in the literature on the purpose of a company. . . There is much to recommend for the corporate governance specialist. The style throughout is readable while staying firmly in the realm of theoretical debate as befits a monograph of this kind It is fair to conclude that this monograph is both excellent and timely. This book will doubtless fast gain a reputation as a stalwart of the corporate governance scholar in the United Kingdom for its effortless interrogation of relevant concepts and clear articulation of EMS as an alternative working model.' -- Deirdre Ahern, International Company and Commercial Law Review 'This is legal scholarship of the finest kind, concerned with an issue of supreme political, economic and social importance. Professor Keay takes the debate on the object of the modern public corporation by the scruff of its neck and skilfully navigates between the Scylla and Charybdis of the shareholder/stakeholder debate. This book, characterised by admirable analytical clarity and a huge amount of research, faithfully summarises the debate hitherto, and propels us to the next stage with a powerful argument, which challenges, effectively, both the stakeholder and shareholder theories.' -- Harry Rajak, University of Sussex School of Law, UK


'This is legal scholarship of the finest kind, concerned with an issue of supreme political, economic and social importance. Professor Keay takes the debate on the object of the modern public corporation by the scruff of its neck and skilfully navigates between the Scylla and Charybdis of the shareholder/stakeholder debate. This book, characterised by admirable analytical clarity and a huge amount of research, faithfully summarises the debate hitherto, and propels us to the next stage with a powerful argument, which challenges, effectively, both the stakeholder and shareholder theories.' - Harry Rajak, University of Sussex School of Law, UK


Author Information

Andrew Keay, Emeritus Professor of Corporate and Commercial Law, School of Law, University of Leeds and Academic Member, South Square, Gray's Inn, UK

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