Essays on Anglo Corporations Should Have Only One Focus That Is Shareholders Literature review

Download full paperFile format: .doc, available for editing

The paper "Anglo Corporations Should Have Only One Focus That Is Shareholders" is an outstanding example of a business literature review. Effective corporate governance is a major contributor to economic growth because it has the ability to enhance company performance. Organizations have the obligation of adopting effective and efficient corporate governance structures as a way of facilitating growth. In an organization, shareholders engage in the election of directors, who recruit the management who, in turn, is charged with the responsibility of running the organizations. The need to ensure the existence of an administration whose behaviour will likely be apprehensive with its well-being, and with the board of directors, which may be obliged to specific groups, including the executive form the essence of shareholder supremacy in Anglo-American countries.

The question of whether shareholder primacy should be the focus of corporate boards in Anglo companies is based on the understanding that other stakeholders such as the workforce, supplying agents, the government and the surrounding community play an equally essential role in corporate governance.     Introduction The conflict between individual freedom and organizational authority power has been continuing overtime.

Initially, the focus was on the relationship between an individual and the church; more recently, it was on the constitution and individual in relation to the civil state. In contemporary society, the dispute concerns making corporate authority attuned to the desires of a dynamic society. The contemporary organization has not only been involved in the creation of untold wealth and provided the society with the chance of expressing and developing their capacities but also has enforced expenditures on personalities and society. The process of encouraging the freedom of individual energy at limited costs on different stakeholders, therefore, emerges as a major impediment. Corporate governance is central to this challenge.

This is because handles systems, procedures, and methodologies by which organizational activities are controlled. There are explanations that emphasize the connections between the management, the board, and its shareholders.  

References

Aglietta, M and Reberioux, A 2005, Corporate Governance Adrift. A Critique of Shareholder Value, Cheltenham, Edward Elgar.

Ahlering, B. and Deakin, S 2007 ‘Labor regulation, corporate governance, and legal origin: a case of institutional complementarity?’ Law and Society Review, vol. 41, pp. 865-908

Berle, A 1963, The American Economic Republic, New York, Harcourt, Brace & World

Brancato, C., & Plath, C 2004, Corporate governance best practices: A blueprint for the post-Enron era, New York, The Conference Board.

Carter, CB & Lorsch, JW 2004. Back to the drawing board—Designing corporate boards for a complex world, Boston, Harvard Business School Press.

Coffee, JC 2002. “Understanding Enron: It’s about the gatekeepers, stupid, Columbia Law and Economics, Working Paper No. 207.” Business Law, vol. 57, p. 1403.

Davis, I 2006, Maximizing shareholder value doesn’t cut it anymore, Knowledge@Wharton.

Deakin, S and Konzelmann, S 2004, ‘Learning from Enron’, Corporate Governance, vol. 12 (2), pp. 134-142.

Dobbin, F and Zorn, D 2005, “Corporate malfeasance and the myth of shareholder value,” Political Power and Social Theory, Vol. 17, pp.179-198.

Erturk, I, Froud, J, Johal, S, Leaver, A. and Williams, K 2008, Financialization at Work, Abingdon, Oxon, Routledge

Froud, J, Leaver, A, Williams, K. and Johal, S 2006, Financialization & Strategy: Narrative and Numbers, Abingdon, Oxon, Routledge.

Gamble, A. and Kelly, G 2001, ‘Shareholder value and the stakeholder debate in the UK’, Corporate Governance 9 (2): 110-117.

Gomez, PY and Korrine, H 2008, Entrepreneurs and democracy: a political theory of corporate governance, Cambridge University Press, Cambridge

Hinsey, J 2006, Corporate governance activists are headed in the wrong direction. Working Knowledge, Harvard Business School.

Horrigan, B 2008, Corporate social responsibility in the 21st century: debates, models and practices across government, law and business, Cheltenham, Edward Elgar.

Ireland, P 2001, ‘Defending the Rentier: Corporate Theory and the Reprivatization of the Public Company’ in: J. Parkinson, A. Gamble and G. Kelly, The Political Economy of the Company (Oxford: Hart), 141-173.

Jackson, T 2009, Prosperity Without Growth? The Transition to a Sustainable Economy London, Sustainable Development Commission.

Jensen, MC 2001, “Value Maximization, Stakeholder Theory, and the Corporate Objective Function”, European Financial Management, Vol. 7(3), pp. 297-317.

Jensen, M 1978, ‘Symposium on some anomalous evidence on market efficiency’, Journal of Financial Economics, vol. 6 (2/3), pp. 95-101.

Joo, TW 2004, Corporate governance: Law, theory and policy. Durham, NC, Carolina Academic Press.

Keay, A 2006, ‘Enlightened shareholder value, the reform of the duties of company directors and the corporate objective’, Lloyd’s Maritime and Commercial Law Quarterly, Vol. 3, pp. 335-361.

Lazonick, W. and O’Sullivan , M 2000, Maximizing shareholder value: a new ideology for corporate governance, Economy and Society, Vol. 29(1), pp. 13-35.

La Porta, R, Lopez-de-Silanes, F, and Shleifer, A 2008, ‘The Economic Consequences of Legal Origins’, Journal of Economic Literature, Vol. 46 (2), pp. 285-232

Lorsch, J 1989, Pawns and potentates—The reality of America’s corporate boards, Watertown, MA, Harvard Business School Press.

Macintosh, JCC 1999, “The issues, effects and consequences of the Berle-Dodd debate, 1931-1932,” Accounting, Organizations and Society, Vol. 24 (2), pp. 139-153.

McSweeney, B 2008, “Maximizing shareholder value: A panacea for economic growth or a recipe for economic and social disintegration?” Critical Perspectives on International Business, vol. 4 (1), pp. 55-74.

Milne, M. and Gray, R 2007, “Future prospects for corporate sustainability reporting,” in Unerman, J, Bebbington, J and O’Dwyer, B (eds) Sustainability Accounting and Accountability, Abingdon: Routledge, 184-207.

Mumford, M 2000, Strategic directions for corporate governance,Lancaster University Management School Working Paper, 2000/024.

Niskanen, WA 2007, After Enron Lessons for Public Policy, Rowman & Littlefield Pub Inc.

Parkinson, J 1993, Corporate Power and Responsibility: Issues in the Theory of Company Law, Oxford, Oxford University Press.

Petra, ST 2006, “Corporate governance reforms: Fact or fiction” Corporate Governance, vol. 6(2), pp. 107–115.

Pettet, B 2005, Company Law, London, Longman Publishing

Phillips, R 2003, Stakeholder theory and organizational ethics, San Francisco, Calif, Berrett-Koehler.

Rivero, JC & Nadler, DA 2003, Building a valuable relationship between CEOs and their Boards, Mercer Management Journal.

Sarbah, A & Xiao, W 2015, “Good Corporate Governance Structures: A Must for Family Businesses,” Open Journal of Business and Management, vol. 3, pp. 40-57

Salacuse, J 2004, “Corporate Governance in the new century,” Company Lawyer, vol. 25, pp. 69-83.

Simpson, J, and Taylor, J 2013, Corporate governance, ethics, and CSR, London, Kogan Page.

Solomon, J 2007, Corporate Governance and Accountability, 2nd edn, Chichester, John Wiley & Sons

Urlacher, PV 2008, New issues in corporate governance, New York, Nova Science Publishers.

Vinten, G 2001, “Shareholder versus stakeholder-is there a governance dilemma,” Corporate Governance, vol. 9(1), pp. 36-47.

Wallace, J 2003, “Value maximisation and stakeholder theory: compatible or not?” Journal of Applied Corporate Finance, vol.15, pp 120-127.

Williamson, J 2003, “A Trade Union Congress perspective on the Company Law Review and corporate governance reform since 1997,” British Journal of Industrial Relations, vol. 41(3), pp. 511-530.

Wright, M, Siegel, D, Keasey, K and Filatotchev, I 2013, The Oxford handbook of corporate governance. Oxford, Oxford University Press

Zimmerli, W, Ritcher, K and Holziger, M 2014, Corporate Ethics and Corporate Governance. Springer-Verlag: Berlin Heidelberg

Download full paperFile format: .doc, available for editing
Contact Us