This book is a guide through the historical, legal and institutional background of corporate governance debates. It explains the three broad views on the relationship among the governance, performance, and competitiveness of corporations. Blair argues that the suspicion that financial interests may be at odds with social goals lurks behind some of the more heated debates, particularly those surrounding anti-takeover laws, executive compensation schemes, and the growing activism of financial institutions.
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About the Author:
Margaret M. Blair is a senior fellow in Economic Studies at the Brookings Institution and author of Ownership and Control: Rethinking Corporate Governance for the Twenty-first Century (Brookings, 1995).
From the Back Cover:
This book points to the need for flexibility to adapt to rapidly changing market conditions and cogently summarizes and evaluates the principal proposals for changes in corporate governance.
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