This unique “must have” two volume set traces the development of corporate governance thought around the core issue of the separation of ownership and control while also touching on the board of directors, executive pay, shareholder activism and the regulatory structures that shape corporate governance in the U.S. I include the index to both volumes at the bottom of this review for your reference. The word “modern” in the title refers roughly to the post 1970 world.
Although referenced, the set does not stem directly from The Modern Corporation and Private Property by Adolf Berle and Gardiner Means. And of course, scholars continue to explore the consequences of this rift in books such as Citizens Continue Reading →