Multi-Lateral Regulatory Initiatives – A Legitimation-Based Approach
University of New South Wales
February 22, 2005
Chapter Seven in J. O’ Brien (ed), Governing the Corporation: Regulation and Corporate Governance in an Age of Scandal and Global Markets, Chichester: John Wiley & Sons, pp.121-139, 2005
This chapter considers the subject of how regulatory discourse, (especially multi-lateral regulatory discourse), should be deconstructed and analysed. Some emerging trends in multi-lateral regulation of the financial services sector are discussed by focusing on the initiatives of the Organization for Economic Cooperation and Development (OECD), in relation to what it terms Harmful Tax Practices. The chapter examines the motivations for, and the effects of, the OECD’s activities in this area, especially regarding its blacklists. The chapter argues that an approach emphasising understandings of legitimacy, not only can facilitate evaluation of what might be termed The Regulation of Taxation Game, but also multi-lateral regulation in other sectors and many general issues in corporate governance.
Number of Pages in PDF File: 28
Keywords: multi-lateral regulation, financial markets, legitimacy, taxation
JEL Classification: G15, G18, K42
Date posted: February 7, 2013
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