Corporate Governance of Non-Listed Companies

Erscheinungsjahr 2008
ISBN: 978-0-19-920340-6
Verlag: Oxford University Press

Buch, Englisch, 310 Seiten, Format (B × H): 163 mm x 242 mm, Gewicht: 632 g

Studies of corporate governance traditionally focus on the governance problems of large publicly held firms, and policymakers'recommendations often focus on such firms. However most small firms, and in many countries, even many large companies, are closely held. This book provides a comprehensive account of closely held businesses and their particular governance problems. It explores current discussions and reforms in Europe, the United States, and Asia providing a
state of the art account of the law and the economics.

Closely held firms encompass a vast range, from corporations with the potential to go public through family-owned firms, group-owned firms, private equity and hedge funds, to joint ventures and unlisted mass-privatized corporations with a relatively high number of shareholders.
The governance of closely held companies has traditionally been concerned with protecting investors and creditors from managerial opportunism. However, the virtual elimination of the distinction between partnerships and corporations means that an effective legal governance framework must also offer mechanisms to protect shareholders from the misconduct of other shareholders.

This volume examines policy and economic measurements to develop a framework for understanding what constitutes good governance in closely held companies. The authors examine how control is gained in the various types of closely held firms and explore the mechanisms that contribute to the development of a modern and efficient governance framework for these companies. The book concludes with an exploration of how the closely held firm is likely to stimulate growth and extend innovation and
development.

Zielgruppe

Scholars and advanced students of corporate or company law and corporate governance, corporate governance policymakers.

Autoren/Hrsg.

McCahery, Joseph A.

Vermeulen, Erik P.M.

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Kleine und Mittlere Unternehmen
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Unternehmenskultur, Corporate Governance

Über Autor(innen)

Joseph A. McCahery is Professor of Corporate Governance and Business Innovation at the University of Amsterdam Faculty of Economics and Econometrics and Professor of Financial Market Regulation at Tilburg University Faculty of Law

Erik P. M. Vermeulen is Professor of Law and Management at Tilburg University Faculty of Law and Legal Counsel, Philips International B.V.