||0 of 0 people found the following review helpful.| Finally, something original and new on the topic of corporate governance|By Avid Reader|This book explains a number of puzzles. Most importantly, it explains what corporate governance is, what it does, and what we should expect it to do for investors and the public. The chapters on corporate boards of directors and hedge funds and private equity funds are particularly intere||"Macey is a scholar who has mastered the latest and best scholarship in law, economics, finance, sociology, public choice theory, management and organization science, accounting and history. He prescribes a rational policy toward large corporations in a very
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 o...
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