''Corporate Power and Responsibility: Issues in the Theory of Company Law'' (1993) is a seminal book in
UK company law by
J.E. Parkinson. Its focus is
corporate governance
Corporate governance is defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context (such as accounting, finance, law, or management) often adopt narrow definitions th ...
from a progressive perspective which charts the flaws and maps the reforms needed to match the responsibility modern corporations have to their
responsibility.
Contents
:1.
Corporate power
:2.
Ownership
Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different ...
, control and the pursuit of
profit
Profit may refer to:
Business and law
* Profit (accounting), the difference between the purchase price and the costs of bringing to market
* Profit (economics), normal profit and economic profit
* Profit (real property), a nonpossessory intere ...
:3. The legal control of management discretion
:4. Managerial
efficiency
Efficiency is the often measurable ability to avoid wasting materials, energy, efforts, money, and time in doing something or in producing a desired result. In a more general sense, it is the ability to do things well, successfully, and without ...
:5. Reinforcing and challenging the legal model
:6. Corporate governance: shareholder democracy and the
monitoring board
:7. Management
self dealing
Self-dealing is the conduct of a trustee, Lawyer, attorney, corporate officer, or other fiduciary that consists of taking advantage of their position in a transaction and acting in their own interests rather than in the interests of the beneficia ...
:8. The enforcement of directors' duties
:9.
Social responsibility within the current legal fabric
:10. An evaluation of profit sacrificing social responsibility
:11. Strengthening the constraints
:12. The democratic imperative: beyond social responsibility
See also
*
Globalization
Globalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide. The term ''globalization'' first appeared in the early 20t ...
Notes
{{reflist, 2
Literature
*
Adolf Berle
Adolf Augustus Berle Jr. (; January 29, 1895 – February 17, 1971) was an American lawyer, educator, writer, and diplomat. He was the author of ''The Modern Corporation and Private Property'', a groundbreaking work on corporate governance, a prof ...
and
Gardiner Means, ''The Modern Corporation and Private Property'' (1932)
*Brian Cheffins, ''Company law: Theory, Structure and Operation'' (1998)
United Kingdom company law