Corporate Governance and Society

Sanford Jacoby

Challenge, 2005, vol. 48, issue 4, pages 69-87

Abstract: These days, Americans seem to take their corporate governance model for granted. Shareholder interests are now all that matter. But the author traces the history of corporate governance to show that such models change over time. And they are different in other nations, such as Japan. In his view, American-style corporate governance has resulted in wage inequality and poor management. And financial reforms, despite the recent major scandals, have not gone far enough.

Date: 2005

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