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Rethinking directors' duties in changing global markets

Rethinking directors' duties in changing global markets Purpose – This paper aims to examine whether directors duties, as they are typically presented in Anglo‐American corporations law, remain appropriate and relevant given recent corporate governance developments and trends in global product and capital markets. Design/methodology/approach – The paper employs a comparative approach, examining aspects of corporate governance developments in the UK, the US and Australia. Findings – The paper finds that product and capital markets are increasingly placing a premium on good corporate social responsibility and hence, Anglo‐American corporations law should be reformed to clarify directors' capacity to address broader stakeholder concerns. Originality/value – The paper provides a comprehensive summary of important currents in contemporary corporate governance and provides a market‐driven justification for changing corporations law. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Corporate Governance Emerald Publishing

Rethinking directors' duties in changing global markets

Corporate Governance , Volume 8 (2): 12 – Apr 11, 2008

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Publisher
Emerald Publishing
Copyright
Copyright © 2008 Emerald Group Publishing Limited. All rights reserved.
ISSN
1472-0701
DOI
10.1108/14720700810863788
Publisher site
See Article on Publisher Site

Abstract

Purpose – This paper aims to examine whether directors duties, as they are typically presented in Anglo‐American corporations law, remain appropriate and relevant given recent corporate governance developments and trends in global product and capital markets. Design/methodology/approach – The paper employs a comparative approach, examining aspects of corporate governance developments in the UK, the US and Australia. Findings – The paper finds that product and capital markets are increasingly placing a premium on good corporate social responsibility and hence, Anglo‐American corporations law should be reformed to clarify directors' capacity to address broader stakeholder concerns. Originality/value – The paper provides a comprehensive summary of important currents in contemporary corporate governance and provides a market‐driven justification for changing corporations law.

Journal

Corporate GovernanceEmerald Publishing

Published: Apr 11, 2008

Keywords: Directors; Corporate governance; Corporate social responsibility

References