Reassessing Carillion’s Collapse from Corporate Constitutional Perspective
Yifei Yang ()
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Yifei Yang: Capital University of Economics and Business
Chapter Chapter 7 in Corporate Collapse and Corporate Governance, 2025, pp 155-178 from Springer
Abstract:
Abstract This chapter applies the corporate constitutional paradigm to Carillion’s governance failure as an alternative to the contractual model. It examines internal governance, including corporate constitution, decision-making, legitimacy of corporate power, and mechanisms of accountability, deliberation, and contestability, as well as external governance, including the roles of regulators, government, and law. Through a speculative approach, it assesses how embedding corporate constitutionalism might have addressed systemic flaws and considers its potential to prevent similar corporate collapses.
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-981-96-9666-6_7
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DOI: 10.1007/978-981-96-9666-6_7
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