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EC regulation of corporate governance
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Johnston, Andrew (2009) EC regulation of corporate governance. Cambridge University Press. ISBN 9780511770753
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Official URL: http://dx.doi.org/10.1017/CBO9780511770753
Abstract
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.
Item Type: | Book | ||||
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Divisions: | Faculty of Social Sciences > School of Law | ||||
Publisher: | Cambridge University Press | ||||
ISBN: | 9780511770753 | ||||
Book Title: | EC Regulation of Corporate Governance | ||||
Official Date: | 2009 | ||||
Dates: |
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DOI: | 10.1017/CBO9780511770753 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access | ||||
Date of first compliant deposit: | 9 November 2020 | ||||
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