Governing the Firm in the Social Interest: Corporate Governance Reimagined

The corporate business enterprise is a core institution of capitalism with immense political, economic, and cultural power. It mobilizes social and planetary resources to pursue private profit maximization with little regard for social concerns. Its influence over societal life and the natural environment raises critical questions about the firm and its governance in democratic society. This book contributes a social theoretical approach to the social problem of governing the firm, challenging conventional understandings and proposing a reimagined corporate governance premised on just recognition of social vitality. It invites unprecedented collaboration for a robust participatory democracy and market action oriented to ecological and social sustainability.

Format: Hardback
Length: 244 pages
Publication date: 20 February 2024
Publisher: Taylor & Francis Ltd

The corporate business enterprise is a cornerstone of capitalism, wielding immense political, economic, and cultural influence in society. It relentlessly mobilizes social and planetary resources to maximize private profit, often at the expense of social concerns. Its pervasive influence over various aspects of societal life and its detrimental impact on the natural environment raise urgent questions about the firm and its governance in democratic societies. A chorus of voices calls for regulatory and corporate governance reforms to counter the persistent influence of neoliberal policies that have dominated the recent decades. However, prospects for significant improvement within our current mindset appear bleak. This book offers a unique social theoretical perspective on the governance of the firm. Its discussions enrich debates in economics, politics, and law. Through critical social theorizations, it challenges conventional understandings of the firm and the neoliberal justifications for its governance, proposing alternative frameworks. The book delves into the social relations and moral fabric of the firm, highlighting the creativity of human action at work. It advocates for a reimagined corporate governance that recognizes and harnesses the social vitality of the organization. It calls for unprecedented collaboration to establish a robust participatory democracy for governing the firm and market actions that prioritize ecological and social sustainability.

Weight: 660g
Dimension: 229 x 152 (mm)
ISBN-13: 9780367140588