EC REGULATION OF CORPORATE GOVERNANCE by Andrew Johnston ( 9780521876674 )

Item Details

Title:

EC REGULATION OF CORPORATE GOVERNANCE

By:

Andrew Johnston

Format:

Hardback

List price:

£87.99

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£76.99

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12.5% off

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£11.00

ISBN 10:

0521876672

ISBN 13:

9780521876674

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Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

3 December, 2009

Series:

International Corporate Law and Financial Market Regulation

Pages:

418

Description:

Uses economic and reflexive governance theories to demonstrate how EC law achieves the necessary balance between integration and regulatory diversity.

Synopsis:

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.

Publication:

Imprint:

Cambridge University Press

Returns:

Returnable

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