Ownership and Control

Rethinking Corporate Governance for the Twenty-First Century

Author: Margaret M. Blair

Paperback

Provides a window for understanding the disintegrative forces that stymied Gorbachev's reforms and eventually defeated him, undermining the country he sought to preserve. This book documents the incredibly complex legacies that Russia and the other new post-Soviet states face as they see to integrate themselves into the global economy.

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Summary

Description

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.

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)."