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Blair, M.M. 1995. Ownership and Control. Washington: The Brookings
Institute. Argues for a stakeholder approach to corporate governance on the grounds
that, contrary to the contractual model of the company, shareholders are not the
only 'residual claimants' to any surplus after fixed payments have been met.
Charkham, J. 2005. Keeping Better Company: corporate governance
ten years on. Oxford: Oxford University Press. A detailed
comparison of the corporate governance systems of Germany,
Japan, France, USA, and UK (the sub-heading 'corporate governance
ten years on' relates to the fact that this is the second
edition of his 1994 book Keeping Good Company, Oxford: Oxford
University Press).
Coyle, B. 2005 (3rd edtn). Corporate Governance. London:
ICSA Publishing. Very much a basic introduction (published
by the Institute of Chartered Secretaries as part of its professional
development series) but offers an extremely useful source
for developments and documents relating to legal and self-regulatory
aspects of corporate governance in the UK and, to some extent,
abroad (see also Business Ethics and
Company Law in New areas of study).
Keasey, K., Thompson, S., Wright, M. (eds), 2005. Corporate
Governance: accountability, enterprise and international comparisons.
Chichester: Wiley. Finance orientated (see also Mallin and
Solomon & Solomon) but useful articles on self-regulatory
codes, Non-executive directors, and executive pay (see the
article on Business Ethics and Company
Law in New Areas of Study
) as well as a range of international comparisons.
Mallin, C.A. 2004. Corporate
Governance. Oxford: Oxford University Press. Part of growing post-Enron trend
to approach corporate governance from a finance/accounting perspective (see also
Solomon and Solomon below). Tends to descriptive rather than evaluative with not
much focus on specifically ethical issues and the assuming of a shareholder value
perspective (reflected in the fact that 'stakeholders' are defined as groups other
than shareholders with which a company has to be concerned rather than, as is
conventional, counting shareholders as 'stakeholders'). A notable feature is a
review of the corporate governance systems of a wide range of countries. Monks,
R. A. G. and Minow N. 2004 (3rd edtn.) Corporate Governance. Oxford: Blackwell.
Examination by notable shareholder activists seeing problems as lack of accountability
to shareholders and believing that serving shareholder interests is best way of
serving public interest (U.S. based but highly international focus). This latest
edition contains much additional material and includes a CD ROM focusing on Enron. Solomon
J. and Solomon A. 2004. Corporate Governance and Accountability. Chichester: Wiley.
Looks at the topic from a finance perspective (contrasts a stakeholder approach
with those provided by agency theory and transaction cost theory) but frequently
touches on the ethical dimension. Includes a chapter on Enron, an account of self
regulatory reforms from Cadbury through to Higgs, a brief survey of different
systems of corporate governance (from that of Argentina to that of the US), ends
each chapter with a summary and list of questions, and includes the July 2003
version of the combined code as an appendix (see the article on Business
Ethics and Company Law in New Areas of Study).
Sternberg E. 1998. Corporate Governance: Accountability in the Marketplace.
London: Institute of Economic Affairs. Basically a rejection of a stakeholder
approach to corporate governance by the championing of the Anglo-Saxon profit
maximizing model over its less profit orientated German and Japanese alternatives.
That support for the Anglo-Saxon approach is, however, qualified by suggestions
for greater accountability to shareholders than it presently exhibits (thereby
including competing levels of accountability into the 'market for corporate control')
and so notable feature of this text is being to some extent a critique of the
existing system from a stockholder/shareholder value perspective rather than the
stakeholder standpoint from which it usually criticized. Tricker, R. I.
(ed.). 2000. Corporate Governance. Aldershot: Ashgate Publishing. Compendium of
readings from a variety of sources collected by a pioneer of the subject in the
U.K. providing a broad-based and historical overview of the topic.
Warren, R. C. 2000. Corporate Governance and Accountability.
Bromborough: Liverpool Academic Press. Examination from a
broadly sociological and political perspective with a generally
neutral evaluation of contending approaches.
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