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EC regulation of corporate governance / Andrew Johnston.
- Format:
- Book
- Author/Creator:
- 1971- Johnston., author.
- Series:
- International corporate law and financial market regulation.
- International corporate law and financial market regulation
- Language:
- English
- Subjects (All):
- Corporate governance--Law and legislation--European Union countries.
- Corporate governance.
- Capital market--Law and legislation--European Union countries.
- Capital market.
- Conflict of laws--Corporations--European Union countries.
- Conflict of laws.
- Physical Description:
- 1 online resource (xvii, 400 pages) : digital, PDF file(s).
- Place of Publication:
- Cambridge : Cambridge University Press, 2009.
- Language Note:
- English
- Summary:
- Andrew Johnston examines EC regulation of national corporate governance systems through the lenses of economic theory and reflexive governance. By contrasting the normative demands of the neoclassical 'agency' model with those of the productive coalition model, he shows how their incompatibility required political compromise. Reflexive governance theory is then used to explain how progress has been possible. Through detailed analysis of both case law and positive regulation, the author highlights the move from positive to negative integration; the benefits as well as the limits of regulatory competition; and the significant role of reflexive techniques in both preventing market failure and enabling positive integration to proceed. The workable compromise that has emerged between market integration and continued regulatory diversity at national level demonstrates that procedural regulation can steer autonomous social subsystems towards greater responsibility and a better articulation of the public good.
- Contents:
- The shareholder value model
- The productive coalition model
- Harmonisation
- Negative interaction
- Variety and integration : reflexive corporate governance regulation
- The European Company Statute and the Takeover Directive
- Capital market regulation
- 'Labour law' regulation
- 'Soft law'.
- Notes:
- Title from publisher's bibliographic system (viewed on 05 Oct 2015).
- Includes bibliographical references and index.
- ISBN:
- 0-511-84812-9
- 1-107-21078-X
- 1-282-65170-6
- 9786612651700
- 0-511-76923-7
- 0-511-77007-3
- 0-511-76700-5
- 0-511-76561-4
- 0-511-76839-7
- OCLC:
- 645098033
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