Corporate groups and shadow business practices / Linn Anker-Sørensen.

Format:

Book

Author/Creator:

Anker-Sørensen, Linn, 1985- author.

Language:

English

Subjects (All):

Corporate governance--Law and legislation--European Union countries.

Corporate governance.

Conglomerate corporations--Law and legislation--European Union countries.

Conglomerate corporations.

Strategic alliances (Business)--Law and legislation--European Union countries.

Strategic alliances (Business).

Economic interest groupings--European Union countries.

Economic interest groupings.

Industrial concentration--European Union countries.

Industrial concentration.

Physical Description:

1 online resource (xv, 319 pages) : digital, PDF file(s).

Place of Publication:

Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2022.

Summary:

The uniqueness of this book is its conceptualization of a corporate group as a system of interaction, comprised of nodes, links and internal governance tools. This framework can be used to understand what constitutes a group, based on affiliation-linkages. By increasing our perception of group-structuring we can assess the extent to which existing laws address all variables. If the law does not consider certain variables to be used for identifying groups, a case of shadow business may be identified. Group-transparency is a recurring topic on the regulatory agenda. In this book, three legal domains are analysed questioning whether specific amendments have led to increased group-transparency: the control-definition for consolidated accounts, shareholder-transparency in company law, and major holding disclosure in listed companies. This book identifies deficiencies of the law in obtaining its regulatory objective of group-transparency, and proposes an interpretative solution based on Systems Thinking.

Contents:

Corporate group transparency

What causes group complexity?

The emergence of corporate groups

Organizational decoupling : Identifying nodes in group systems

Control decoupling : Identifying links in group systems

Governance decoupling : identifying decision-making mechanisms in group systems

The partly transparent corporate group under accounting law principles of consolidated accounts

The contribution of company law to group transparency

Uncovering decoupling techniques

The contribution of securities law

Intermediate results

A primer to systems thinking

Systems thinking as foundation for group transparency

A critical review of a systems approach

Intermediate result : towards a recognition of group-systems for enhanced transparency

Bringing it all together.

Notes:

Title from publisher's bibliographic system (viewed on 07 Apr 2022).

Includes bibliographical references and index.

ISBN:

1-108-94523-6

1-108-94599-6

1-108-93364-5