
The Corporation Is One Of The Most Important And Remarkable Institutions In The World. It Affects All Our Lives Continuously. It Feeds, Entertains, Houses And, Employs Us. It Generates Vast Amounts Of Revenue For Those Who Own It And It Invests A Substantial Proportion Of The Wealth That We Possess. But The Corporation Is Also The Cause Of Immense Problems And Suffering, A Source Of Poverty And Pollution, And Its Failures Are Increasing. How Is The Corporation Failing Us? Why Is It Happening? What Should We Do To Restore Trust In It? While Governments Are Subject To Repeated Questioning And Scrutiny, The Corporation Receives Relatively Little Attention. Firm Commitment Provides A Lucid And Insightful Account Of The Role Of The Corporation In Modern Society And Explains Why Its Problems Are Growing. It Gives A Fresh Perspective On The Crises In Financial Markets, Developing Countries, And The Environment. Based On Decades Of Analysis And Research, It Describes A New Approach To Thinking About The Firm Which Not Only Stops It Destroying Us But Turns It Into The Means Of Protecting Our Environment, Addressing Social Problems, And Creating New Sources Of Entrepreneurship And Innovation. It Sets Out An Agenda For Converting The Corporation Into A Twenty-first Century Organization That We Will Value And Trust. It Takes You On A Journey That Starts In The Galapagos, Ends In Ancient Egypt, And In The Process Brings You To A New Level Of Appreciation Of The Economic World We Inhabit.
How can the modern corporation be restructured to restore public trust and address systemic failures in social and environmental spheres? Colin P. Mayer, a professor at the Saïd Business School, utilizes decades of economic research to argue that the current focus on shareholder primacy is fundamentally flawed. He proposes a new framework that shifts the purpose of the firm toward long-term social and environmental commitment, suggesting that corporations must be redefined to serve broader societal interests while maintaining economic viability.
What You Will Find
Scope Limits
Experts recognize this work as a significant contribution to the debate on corporate purpose and governance. Readers frequently note the academic rigor of the prose, which balances historical breadth with contemporary economic critique.
Page Count:
192
Publication Date:
2013-01-01
Publisher:
Oup Oxford
ISBN-10:
0191650242
ISBN-13:
9780191650246
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