After Enron :Improving Corporate Law and Modernising Securities Regulation in Europe and the US

4.00 ( 4 Ratings by Goodreads)
After Enron

After Enron :Improving Corporate Law and Modernising Securities Regulation in Europe and the US

4.00 (4 Ratings by Goodreads)
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Published: 14 November, 2006
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Description

At the end of the twentieth century it was thought by many that the Anglo-American system of corporate governance was performing effectively and some observers claimed to see an international trend towards convergence around this model. There can be no denying that the recent corporate governance crisis in the US has caused many to question their faith in this view. This collection of essays provides a comprehensive attempt to answer the following questions: firstly, what went wrong - when and why do markets misprice the value of firms, and what was wrong with the incentives set by Enron? Secondly, what has been done in response, and how well will it work - including essays on the Sarbanes-Oxley Act in the US, UK company law reform and European company law and auditor liability reform, along with a consideration of corporate governance reforms in historical perspective. Three approaches emerge. The first two share the premise that the system is fundamentally sound, but part ways over whether a regulatory response is required. The third view, in contrast, argues that the various scandals demonstrate fundamental weaknesses in the Anglo-American system itself, which cannot hope to be repaired by the sort of reforms that have taken place. "This collection of papers by leading US and European corporate law scholars provides fresh and rigorous analyses of the recent corporate governance scandals and the strategies devised by regulators to guard against future governance failures." Randall Thomas, John Beasley Professor of Law and Business, Vanderbilt University School of Law, Vanderbilt University.
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More Details

Type Book
ISBN13 9781841135311
ISBN10 1841135313
Number Of Pages 728
Item Weight 1000 g
Product Dimensions 156 x 234 x 36 mm
Publisher / Reseller Bloomsbury Publishing PLC
Format paperback
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Media Reviews

...covers a wide range of issues and succeeds in touching upon the critical areas, which need further analysis...an important contribution to the corporate law literature. Stelios Andreadakis International and Comparative Law Quarterly Vol 57, Jan 08 This is an important book...the standing of the contributors is such that the book provides an excellent overview of current thinking in this area of corporate law...Hart Publishing and the editors of this volume are to be congratulated for the important contribution that After Enron has made to contemporary corporate law reform debates. Roman Tomasic Australian Journal of Corporate Law 2007

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Author's Bio

John Armour is University Senior Lecturer in Law, Cambridge University and research associate at the Centre for Business Research, University of Cambridge. Joseph A McCahery is Professor of Corporate Governance and Business Innovation at the University of Amsterdam Faculty of Economics and Econometrics and Professor of International Business Law at Tilburg University Faculty of Law.

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