Governing the Corporation

Satyajit Bose (), Guo Dong () and Anne Simpson ()
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Satyajit Bose: Columbia University
Guo Dong: Columbia University
Anne Simpson: CalPERS

Chapter Chapter 3 in The Financial Ecosystem, 2019, pp 47-81 from Palgrave Macmillan

Abstract: Abstract We review the scale and power of the corporation and compare it to national governments, showing that its impact on the natural environment and society is beyond the powers of regulation of any individual state. We explore the origins of the corporate form, from its early days as a vehicle for imperial expansion to its proliferation as the primary form of almost all economic activity. The scale and ubiquity of the corporation poses the question of how the company is governed: in short, its ownership and control. The rapid evolution of corporate governance as a focus of regulatory concern, and financial consequence, is explained as a response to harness this tremendous economic power to the wider objectives of the financial ecosystem.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-3-030-05624-7_3

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DOI: 10.1007/978-3-030-05624-7_3

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