P. M. Vasudev – författare

The financial crisis of 2008-09 raises questions about the assumptions that underpin corporate governance. Shareholder value and private ordering may not in fact be the best means of promoting efficiency and corporate responsibility and the mechanisms used to ensure management accountability may not be effective. In this fascinating study, experts from around the world draw on the experience of the financial crisis to explore topical issues ranging from shareholder primacy and the corporate objective to the stakeholder principle, business ethics, and globalization of corporate governance principles. The chapters are provocative, acknowledging that our understanding of fundamental questions of corporate governance is still developing and demonstrating that the corporate governance debate is far from over.

This informative book will appeal to researchers in corporate governance and corporate law - including graduate students, policymakers, lawyers, accountants, and management consultants. Chambers of commerce and trade associations will also find much to interest them in this book.

The world is changing. After old certainties were swept away by the Financial Crisis of 2008-09, states are grappling with the implications of new thinking about the role and nature of corporations and how they should be regulated. This timely book brings together the contributions of leading scholars from around the world to highlight and provide critical analysis of developments and trends in corporate governance in a range of jurisdictions, both mature and developing.The diverse subjects covered in the book include shareholder protection in Delaware, trends in the governance of state-owned enterprises in China, say on pay in the Netherlands, board committees in the UK, and stakeholder governance in Germany. The book also includes theoretical perspectives, including one chapter arguing against the notions of shareholder primacy that underpin Anglo-American corporate law. The final section presents two chapters on the governance of banks, reflecting the contemporary importance of financial institutions.Innovations in Corporate Governance offers an essential global perspective on corporate governance that will be of interest to students and academics in the field, as well as professionals, policy makers and those working in regulatory agencies around the world. Contributors include: F.A. Gevurtz, B. Haar, B. Hanningan, G.E. Henderson, L.-W. Lin, M. Marin, C. Van der Elst, S. Watson

The world is changing. After old certainties were swept away by the Financial Crisis of 2008-09, states are grappling with the implications of new thinking about the role and nature of corporations and how they should be regulated. This timely book brings together the contributions of leading scholars from around the world to highlight and provide critical analysis of developments and trends in corporate governance in a range of jurisdictions, both mature and developing.

The diverse subjects covered in the book include shareholder protection in Delaware, trends in the governance of state-owned enterprises in China, say on pay in the Netherlands, board committees in the UK, and stakeholder governance in Germany. The book also includes theoretical perspectives, including one chapter arguing against the notions of shareholder primacy that underpin Anglo-American corporate law. The final section presents two chapters on the governance of banks, reflecting the contemporary importance of financial institutions.

Innovations in Corporate Governance offers an essential global perspective on corporate governance that will be of interest to students and academics in the field, as well as professionals, policy makers and those working in regulatory agencies around the world.

Contributors include: F.A. Gevurtz, B. Haar, B. Hanningan, G.E. Henderson, L.-W. Lin, M. Marin, C. Van der Elst, S. Watson

Capital markets are a continuous stream of activity and innovation. Constantly evolving and inherently dynamic, they give rise to complex regulatory and policy issues and offer rich material for analysis. Additionally, globalization has incentivized cross-border listings and international flows of capital. Global Capital Markets takes stock of recent trends and events by exploring their legal and regulatory implications across several jurisdictions from around the world. This book provides a critical analysis of current issues including investor activism, the challenges of cross-border regulatory enforcement and recent initiatives to empower shareholders to improve corporate governance. It also surveys longer-term trends such as the development of the nascent capital markets law in China over the last two decades and discusses the emerging issues from the increased use of dual class voting shares. Case studies draw on examples from nations such as the US, Canada, Europe, China, India and New Zealand. Timely and incisive, this book will appeal to students and academics in international corporate and securities law.Contributors incude: A. Anand, Q. Bu, H. Donegan, T. Keeper, Y.-H. Lin, A.B Majumdar, C. Malberti, T. Rodríguez de las Heras Ballell, U. Varottil

Capital markets are a continuous stream of activity and innovation. Constantly evolving and inherently dynamic, they give rise to complex regulatory and policy issues and offer rich material for analysis. Additionally, globalization has incentivized cross-border listings and international flows of capital. Global Capital Markets takes stock of recent trends and events by exploring their legal and regulatory implications across several jurisdictions from around the world.

This book provides a critical analysis of current issues including investor activism, the challenges of cross-border regulatory enforcement and recent initiatives to empower shareholders to improve corporate governance. It also surveys longer-term trends such as the development of the nascent capital markets law in China over the last two decades and discusses the emerging issues from the increased use of dual class voting shares. Case studies draw on examples from nations such as the US, Canada, Europe, China, India and New Zealand.

Timely and incisive, this book will appeal to students and academics in international corporate and securities law.

Contributors incude: A. Anand, Q. Bu, H. Donegan, T. Keeper, Y.-H. Lin, A.B Majumdar, C. Malberti, T. Rodríguez de las Heras Ballell, U. Varottil

This timely and engaging book examines how maximizing shareholder value has played a dominant role in corporate governance over recent decades, and analyzes the resulting effect on share prices in the stock markets. Alongside the rise in corporate power and deepening economic inequality, the author investigates corporate law reform as a corrective remedy.Beyond Shareholder Value offers an astute analysis of key topics such as corporate incentive structures that reward executives for delivering shareholder value and permissive rules that enable companies to issue shares at will at rising valuations. P.M. Vasudev explores the laws intended to protect stakeholders and deftly unpacks the shortcomings in employment-related laws and antitrust enforcement. Demonstrating how alternative dispute resolution can be used to promote stakeholder governance, the book explains how the overly broad business judgment rule impedes effective adjudication of complex stakeholder disputes.This insightful book offers a new perspective on stakeholder governance, and will prove indispensable reading for academics and legal researchers working in the field of corporate law and governance. Its innovative approach will also benefit practitioners and policy makers alike.