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Towards a constitutional theory of corporate governance


Frey, Bruno S; Benz, Matthias (2007). Towards a constitutional theory of corporate governance. In: Vidya, C. Corporate governance: policy perspectives. Hyderabad, India: The Icfai University Press, 1-26.

Abstract

Matthias Benz and Bruno S. Frey critically examines the theoretical perspective that the corporations should aspire for an uniformly optimal structure of governance structure in "Towards a Constitutional Theory of Corporate Governance." They make a comparative study of the pros & cons of limited constitutional rights to shareholders under the US corporate laws with the extensive constitutional rights under the Swiss corporate laws. They advocate the democratic approach under Swiss law as a better alternative to direct approach of the US that allows shareholders to set up corporate governance according to their preferences.

Matthias Benz and Bruno S. Frey critically examines the theoretical perspective that the corporations should aspire for an uniformly optimal structure of governance structure in "Towards a Constitutional Theory of Corporate Governance." They make a comparative study of the pros & cons of limited constitutional rights to shareholders under the US corporate laws with the extensive constitutional rights under the Swiss corporate laws. They advocate the democratic approach under Swiss law as a better alternative to direct approach of the US that allows shareholders to set up corporate governance according to their preferences.

Additional indexing

Item Type:Book Section, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Language:English
Date:2007
Deposited On:20 Mar 2009 11:24
Last Modified:05 Apr 2016 12:27
Publisher:The Icfai University Press
Official URL:http://www.amicus.iupindia.org/CorporateGovernance_cont.asp

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