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Details of EC Regulation of Corporate Governance

EC Regulation of Corporate Governance
Exact title of book
EC Regulation of Corporate Governance
Book author
Andrew Johnston
ISBN
9780521876674
Published
Dec 31, 2009
Language
English
Format
PDF, FB2, EPUB, MOBI
Pages
418
File size (in PDF)
3762 kB

Some brief overview of book

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.

About book author

Johnston is a senior lecturer in the TC Beirne School of Law at the University of Queensland where he teaches and researches corporate law and corporate governance. He is also a research associate at the Centre for Business Research at the University of Cambridge. ts 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.

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