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Monographs : Corporate Responsibility & Accountability

corporate governance



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.


Corporate Responsibility and Accountability:corporate social responsibility and stockholder v. stakeholder approaches
 corporate governance
 corporate moral agency
 accountability and strategy