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Review
'This unique collection brings together this widely dispersed material for the first time, providing students and researchers in corporate governance with an unrivalled resource.' - International Institute of Administrative Sciences
'Every student of corporate governance will want to read Thomas Clarke’s book to aid them in making sense of what is otherwise becoming an endless corporate governance maze.' - Professor Douglas M. Branson, University of Pittsburgh, USA
Review
'This unique collection brings together this widely dispersed material for the first time, providing students and researchers in corporate governance with an unrivalled resource.' - International Institute of Administrative Sciences 'Every student of corporate governance will want to read Thomas Clarke's book to aid them in making sense of what is otherwise becoming an endless corporate governance maze.' - Professor Douglas M. Branson, University of Pittsburgh, USA
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Most Helpful Customer Reviews
2 of 5 people found the following review helpful
Format:Paperback
Lucidly explained, comprehensive in scope and excellently laid out. This book knocks the competition into a cocked hat.
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2 of 2 people found the following review helpful
A complete collection of corporate governance theories
24 Mar 2006
Format:Paperback
Thomas Clarke's most recent book is extremely interesting for students, practitioners and scholars.
Managerial hegemony, separation of ownership and control, agency theory, stewardship theory, stakeholder theory: the book contains excerpts from the most important articles which have contributed to the corporate governance debate.
Professor Clarke accompanies the readings with a long introduction in which he revisits and re-organizes the numerous theories. His approach in unbundling the 'governance mystique' is to insert the different thoeries in their historical, economic and regional context.
Often the Author only hints to his personal views, although these appear obvious towards the end of his introduction.
Can we really move towards a stakeholder theory? Does not the stakeholder theory operate at a different, policy-maker level, compared to the agency theory / corporate law level? Can directors really have a fiduciary duty not only towards shareholders but employees/stakeholders as well? What role can social capital and trust have in the future? Can ethics 'save us'?
The book is great reading, a fine synopsis of the current debate. I firmly recommend it.
Managerial hegemony, separation of ownership and control, agency theory, stewardship theory, stakeholder theory: the book contains excerpts from the most important articles which have contributed to the corporate governance debate.
Professor Clarke accompanies the readings with a long introduction in which he revisits and re-organizes the numerous theories. His approach in unbundling the 'governance mystique' is to insert the different thoeries in their historical, economic and regional context.
Often the Author only hints to his personal views, although these appear obvious towards the end of his introduction.
Can we really move towards a stakeholder theory? Does not the stakeholder theory operate at a different, policy-maker level, compared to the agency theory / corporate law level? Can directors really have a fiduciary duty not only towards shareholders but employees/stakeholders as well? What role can social capital and trust have in the future? Can ethics 'save us'?
The book is great reading, a fine synopsis of the current debate. I firmly recommend it.
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