Internalities and the Foundations of Corporate Governance
Social & Legal Studies December 2012, Forthcoming
31 Pages Posted: 22 Jun 2012 Last revised: 31 Oct 2012
Date Written: May 21, 2012
This paper considers the potential contained in an 'internalities' approach to corporate governance. Rather than viewing the company as a 'black box' that can only be regulated through state action, we argue that corporate governance holds in tension the relationship between investors, managers and the corporate board. It is from that tension that a change in corporate culture will emerge. We argue that a state focus on promoting and managing the dialogical character of corporate governance will limit the negative effects of corporate power.
Keywords: Corporate governance, corporate culture, internalities
JEL Classification: K22, M14, G34, G38
Suggested Citation: Suggested Citation