The Firm Divided: Manager-Shareholder Conflict and the Fight for Control of the Modern Corporation by Graeme Guthrie

The Firm Divided: Manager-Shareholder Conflict and the Fight for Control of the Modern Corporation

byGraeme Guthrie

Kobo ebook | March 1, 2017

Pricing and Purchase Info

$21.59 online 
$26.99 list price save 20%

Prices and offers may vary in store

Available for download

Not available in stores

about

A battle is being fought within corporations. Shareholders want managers to make their shares as valuable as possible, managers want shareholders to leave them alone, and the board of directors is caught in the middle. The Firm Divided shows how strong boards persuade managers to do what's best for shareholders-and why weak boards don't. Graeme Guthrie blends the stories of particular firms and individuals with the insights of scholarly research, enhancing understanding of how seemingly separate events are consequences of the separation of ownership and control, the ultimate cause of manager-shareholder conflict. Boards of directors can affect the outcome of this conflict by monitoring managers, providing incentives for managers to work in shareholders' best interests, delegating monitoring to outside parties, and influencing the effectiveness of the market for corporate control. How directors do this depends on how they weigh their fiduciary duty to shareholders against the close ties that bind them to senior executives. The Firm Divided provides conceptual insight, underpinned by research into corporate governance, into board-manager interactions. It shows how tools that can benefit shareholders when used by strong boards can actually harm shareholders when used by weak boards. Guthrie provides a 360 degree view of firms, exploring the ways in which each player pursues their own goals, with examples from a range of firms in diverse industries.

Title:The Firm Divided: Manager-Shareholder Conflict and the Fight for Control of the Modern CorporationFormat:Kobo ebookPublished:March 1, 2017Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0190641207

ISBN - 13:9780190641207

Look for similar items by category:

Reviews