http://www.gurn.info These are the search results for the query, showing results 1 to 15. http://www.gurn.info/en/topics/corporate-governance/developing-and-transition-countries/developing-and-transition-countries-1/corporate-governance-in-brazil-an-international-trade-union-perspective A TUAC / Hans-Böckler-Foundation research paper on corporate governance, worker participation and the stewardship of workers' capital in Brazil. No publisher phabbard 2010-05-05T16:04:24Z Link http://www.gurn.info/en/topics/corporate-governance/industrialised-countries/industrialized-countries/the-quest-for-shareholder-value-stock-repurchases-in-the-us-economy-by-william-lazonick-university-of-massachusetts-lowell-december-2008 ABSTRACT During the 1980s and 1990s the argument that “maximizing shareholder value” results in superior economic performance came to dominate the corporate governance debates. In this paper, I outline the rationale for the shareholder-value perspective, and show that, rooted in agency theory, it lacks a theory of innovative enterprise. Hence it cannot be used to analyze the conditions under which the stock market supports or undermines the process of value-creation. To go beyond agency theory and its shareholder-value perspective, I present a framework for analyzing the functions of the stock market in the business corporation and the influence of these functions on the social conditions of innovative enterprise. I then use this framework to explain why in the United States since the 1990s there has been a widespread trend in corporate stock repurchases, including a sharp acceleration in buybacks since 2003. Focusing on a list of the largest corporate repurchasers in the United States, I raise questions concerning the relation between stock buybacks and value-creating investments in the US economy as a whole. I conclude with a discussion of why companies do stock repurchases, and in particular whether they can be justified as a contribution to innovative enterprise. I argue that the ultimate justification for stock repurchases is the ideology of “maximizing shareholder value” – an ideology that works to the direct benefit of corporate executives who make corporate resource allocation decisions and who derive high levels of remuneration from munificent stock option awards. No publisher phabbard 2009-05-13T14:10:14Z Link http://www.gurn.info/en/topics/corporate-governance/industrialised-countries/industrialized-countries/tuac-submission-to-the-oecd-april-2009 TUAC submission to the OECD ahead of consultations with the OECD Steering Group on Corporate Governance on 20 April 2009. No publisher phabbard 2009-05-13T14:51:39Z Link http://www.gurn.info/en/topics/corporate-governance/industrialised-countries/industrialized-countries/tuac-submission-to-the-oecd-april-2008 TUAC calls for evidence-based end-user approach to rule OECD future work on corporate governance As part of consultations with the Chair of the OECD Steering Group on Corporate Governance on 15 April 2008, the TUAC called for a substantial revision of the proposed programme of work 2009/2010 with a view to adopt an "evidence-based end-user approach". No publisher phabbard 2009-05-13T14:03:15Z Link http://www.gurn.info/en/topics/corporate-governance/developing-and-transition-countries/developing-and-transition-countries-1/worldwide-guide-to-trade-unions-and-works-councils-2009-edition A review of worker participation mechanisms across the world publichs by Law firm Baker & McKenzie LLP (full text is 336 page-long] No publisher phabbard 2009-05-13T14:00:17Z Link http://www.gurn.info/en/topics/corporate-governance/industrialised-countries/industrialized-countries/worldwide-guide-to-trade-unions-and-works-councils-2009-edition A review of worker participation mechanisms across the world publichs by Law firm Baker & McKenzie LLP (full text is 336 page-long] No publisher phabbard 2009-05-13T13:58:43Z Link http://www.gurn.info/en/topics/corporate-governance/industrialised-countries/industrialized-countries/corporate-governance-in-sweden-an-international-trade-union-perspective This report is the outcome of a descriptive exercise of the Swedish corporate governance system in an international trade union perspective. This exercise has consisted in screening the Swedish system through the conceptual framework identified in a 2005 Global Unions discussion paper on corporate governance: “Workers’ Voice in Corporate Governance – A trade Union Perspective” . The 2005 Global Unions report outlines two parallel strategies to promote workers’ interests in corporate governance: (i) workers as employees of the companies and (ii) workers as shareholders of companies via their pension funds' and/or other long term saving schemes' holdings. The 2005 Global Unions discussion paper shows the complementarities between the two approaches to achieve effective corporate governance and in particular to ensure accountability of the board of directors. In practice however, most OECD jurisdictions lean toward one or the other and few can pretend to encompass both approaches. Sweden does. No publisher phabbard 2009-05-14T16:08:24Z File http://www.gurn.info/en/topics/corporate-governance/developing-and-transition-countries/developing-and-transition-countries-1/quis-custodiet-ipsos-custodes-corporate-governance-failures-in-the-transition-keynote-address-of-joseph-e-stiglitz-world-abcd-conference-paris-june-21-23-1999 No publisher kroeck 2008-11-14T09:20:43Z File http://www.gurn.info/en/topics/corporate-governance/developing-and-transition-countries/developing-and-transition-countries-1/corporate-governance-and-national-development-charles-oman-oecd-development-centre-2001 No publisher kroeck 2008-11-14T09:20:43Z File http://www.gurn.info/en/topics/corporate-governance/developing-and-transition-countries/developing-and-transition-countries-1/the-state-of-corporate-governance-experience-from-country-assessments-olivier-fremond-and-mierta-capaul-world-bank-policy-research-working-paper-2858-june-2002 No publisher kroeck 2008-11-14T09:20:43Z File http://www.gurn.info/en/topics/corporate-governance/developing-and-transition-countries/developing-and-transition-countries-1/selected-issues-on-corporate-governance-regional-and-country-experiences-unctad-2003 No publisher kroeck 2008-11-14T09:20:44Z File http://www.gurn.info/en/topics/corporate-governance/developing-and-transition-countries/developing-and-transition-countries-1/oecd-world-bank-regional-white-papers-on-corporate-governance-in-2003-latin-america-portuguese No publisher kroeck 2008-11-14T09:20:44Z File http://www.gurn.info/en/topics/corporate-governance/industrialised-countries/industrialized-countries/corporate-governance-and-employment-is-prosperity-sustainable-in-the-united-states-william-lazonick-and-mary-osullivan-1997 No publisher kroeck 2008-11-14T09:19:34Z File http://www.gurn.info/en/topics/corporate-governance/industrialised-countries/industrialized-countries/the-involvement-of-employees-and-collective-bargaining-in-company-restructuring-2001 No publisher kroeck 2008-11-14T09:19:34Z Link http://www.gurn.info/en/topics/corporate-governance/industrialised-countries/industrialized-countries/law-experts-on-a-modern-regulatory-framework-for-company-law-in-europe-winter-report-november-2002 No publisher kroeck 2008-11-14T09:19:35Z File