Power and Accountability: Restoring the Balances of Power Between Corporations and Society
| Author | : | |
| Rating | : | 4.24 (582 Votes) |
| Asin | : | 0887305121 |
| Format Type | : | paperback |
| Number of Pages | : | 294 Pages |
| Publish Date | : | 2015-05-11 |
| Language | : | English |
DESCRIPTION:
The fate of corporations, the decisions they make or fail to make, is inextricably tied to the financial well-being of millions of shareholders - and these people are not just professional investors but also retired school teachers, policeman and factory workers. Yet, corporations are not meaningfully accountable to them. This book discusses the realities of power and accountability and capitalist responsibilities for those that wield power.. The business news is a chronicle of a mighty few effecting the fortunes and lives of a powerless many
Stephen M. Bainbridge said Less controversial than it deserves to be. "Power & Accountability" contends that institutional investors are changing U.S. corporate governance for the better, and that the law should encourage those changes. In my view, the thesis is both positively and normatively flawed.The empirical evidence on institutional investor activism is mixed, at best. There is some anecdotal evidence that institutions are becoming more active, using the proxy system to defend their interests. Less visibly, institutions supposedl