Even in the wake of the biggest financial crash of the postwar era, the United States continues to rely on Securities and Exchange Commission oversight and the Sarbanes-Oxley Act, which set tougher rules for boards, management, and public accounting firms to protect the interests of shareholders. Such reliance is badly misplaced. In Corporate Governance, Jonathan Macey argues that less government regulation--not more--is what's needed to ensure that managers of public companies keep their promises to investors. Macey tells how heightened government oversight has put a stranglehold on what is the best protection against malfeasance by self-serving management: the market itself. Corporate governance, he shows, is about keeping promises to shareholders; failure to do so results in diminished investor confidence, which leads to capital flight and other dire economic consequences. Macey explains the relationship between corporate governance and the various market and nonmarket institutions and mechanisms used to control public corporations; he discusses how nonmarket corporate governance devices such as boards and whistle-blowers are highly susceptible to being co-opted by management and are generally guided more by self-interest and personal greed than by investor interests. In contrast, market-driven mechanisms such as trading and takeovers represent more reliable solutions to the problem of corporate governance. Inefficient regulations are increasingly hampering these important and truly effective corporate controls. Macey examines a variety of possible means of corporate governance, including shareholder voting, hedge funds, and private equity funds. Corporate Governance reveals why the market is the best guardian of shareholder interests.

Product Description: "Iconic Cases in Corporate Law" gathers together in one book the most important (iconic) cases in U.S. corporate law. Each chapter features one case, or a pair or trilogy of closely related cases that represents the classic, representative and historically important cases in various areas of corporate law...read more

Product Description: Offering the traditional, solid approach of previous editions and now streamlined to include more topics for a one-semester course, Hamilton and Macey's Cases and Materials on Corporations covers the law of business associations and corporations for introductory courses...read more

Product Description: This law school statutory supplement provides the minimum compilation of statutes needed for use in connection with Hamilton's Cases and Materials on Corporations, 5th. It includes verbatim and unedited copies of the current versions of the the Uniform Partnership Act (1914), the Uniform Partnership Act (1994), the Uniform Limited Partnership Act (1976) with the 1985 Amendments, the Model Business Corporation Act (1984), and excerpts from the 1969 Model Business Corporation Act consisting of the financial provisions dealing with par value and legal capital...read more

Product Description: A number of changes in this edition reflect new developments such as changes in many large law firms due to major increases in entry level salaries for associates; important revisions in the Model Business Corporation Act; recent developments in asset-protection of limited liability companies; two important decisions in Delaware on the duties and liabilities of directors of publicly held companies; the enactment of the Securities Litigation Uniform Securities Act (SLUSA); the adoption of new regulations, Rule 10b-5-1 and 10b-5-2; and adoption of new regulations relating to full disclosure by registered publicly held companies (Regulation FD) and the independence of auditors...read more

Product Description: Book by Macey, Jonathan R., Miller, Geoffrey P., Carnell, Richard Scott

Product Description: Book by Jonathan R. Macey, Geoffrey P. Miller, Richard Scott Carnell (view table of contents, read Amazon.com's description)

Product Description: Book by Macey, Jonathan R., Miller, Geoffrey P., Carnell, Richard Scott

Product Description: Macey on Corporation Laws brings together three major resources for analyzing and comprehending modern corporation law: The American Bar Association's Model Business Corporation Act, The American Law Institute's Principles of Corporate Governance, and Delaware's highly sophisticated and respected General Corporation Law...read more

Product Description: The centralisation of environmental regulation has led to inflexibility on America's federal government as it attempts to respond to various problems. This analysis of current policies proposes a restructuring of the environmental regulatory authority to lead to better environmental enforcement...read more (view table of contents, read Amazon.com's description)

Product Description: This book discusses state regulation and antitrust exemption in insurance markets.

Product Description: The book presents different perspectives that explain the prohibition of insider trading and the way it affects various aspects of life on the stock market.