The Transnational Politics Of Corporate Governance Regulation

Manufacturer

Routledge

This book explores the politics behind recent changes in corporate governance regulation, which has become a major focus in the global business community. The Enron scandal and other corporate scandals have sparked public debate and political controversies surrounding corporate governance. The contributors argue that corporate governance regulation is a political issue, and with the increasing globalization of the corporate world, it has also become a transnational phenomenon. The book highlights the trend towards market-based regulation and the commodification of corporations, as well as the rise of informal and private forms of regulation. These changes are driven by transnational actors, such as owners of international financial capital and public international agencies like the European Commission. This book will be of interest to those studying international political economy, politics, economics, and corporate governance.

This ambitious volume explores the politics of recent changes in corporate governance regulation and the transnational forces driving the process. Corporate governance has in the 1990s become a catchphrase of the global business community. The Enron collapse and other recent corporate scandals, as well as growing worries in Europe about the rise of Anglo-Saxon finance, have made issues of corporate governance the subject of political controversies and of public debate. The contributors argue that the regulation of corporate governance is an inherently political affair. Given the context of the deepening globalization of the corporate world, it is also increasingly a transnational phenomenon. In terms of the content of regulation the book shows an increasing reliance on the application of market mechanisms and a tendency for corporations themselves to become commodities. The emerging new mode of regulation is characterized by increasing informalization and by forms of private regulation. These changes in content and mode are driven by transnational actors, first of all the owners of internationally mobile financial capital and their functionaries such as coordination service firms, as well as by key public international agencies such as the European Commission. The Transnational Politics of Corporate Governance Regulation will be of interest to students and researchers of international political economy, politics, economics and corporate governance.