Tag Archives: corporate governance

Corporate Governance — for the society and the environment

Our societies are all scarred by Milton Friedman’s creed that “the social responsibility of business is to increase its profits”; our economies are all wounded by corporations’ obsessive pursuit for short-term profit maximization; regrettably, we all pay the price of dodgy and excessive corporate … Continue reading

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Neoliberalism and the political economy of corporate governance

Major corporate frauds and scandals since the early 2000s (e.g. WorldcCom, Enron, Arthur Andersen, Bear Stearns, Lehman Brothers) and the 2008 financial crisis have not just exposed the inherent destructiveness of the neoliberal economy and economics, but also turned the crucially important spotlight towards … Continue reading

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History of Profit in the US: Corporations, Accounting and Capital

The case of The United Steel Workers of America v. The United States Steel Corporation (1980) concerned the closing of two steel mills in Ohio. The steelworkers claimed U.S. Steel had promised to keep the two mills open so long … Continue reading

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There is strong support across academics that maximizing ‪‎shareholder‬ value provides a problematic basis for the practice, theory, and regulation of corporate governance.

The Modern Corporation project seeks your support for a number of disciplinary memos on maximizing shareholder value and the effects of contemporary corporate governance theory more broadly. The members of the modern corporation project, hosted by Cardiff Business School and … Continue reading

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