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Comparative Corporate Governance : Legal Perspectives
Véronique Magnier - Edward Elgar publishing, 2017
Comparative Corporate Governance considers the impact of globalization
on corporate governance issues and highlights how, despite the effect it
has clearly had, predictions of legal convergence have not come true.
By adopting a comparative legal approach, this book explores the
tensions that exist between convergence attempts and the persistence of
local models of governance in the US, Europe and Asia.
Véronique Magnier assesses institutional, cultural and sociological
factors as features of the disparities in governance. She does so by
addressing the three main areas of tension in the legal aspects of
corporate governance: theoretical pressure, which pits shareholder
primacy against models advocating for greater participation of large
corporations in general economic welfare; technical regulation, such as
integrating corporate governance codes into national legal systems; and
the need for context and reflection when transplanting governance
approaches to different countries.
Varying economic, societal and cultural environments make it vital to
contextualize corporate governance in order to better understand how
governance models operate in a globalized world. Lawyers, academics and
advanced students of law looking to improve their understanding of
corporate governance will find this a diverse and rewarding read.
