The Companies We Keep: Corporate governance for a democratic society
1 Jan 2005
Irwin Law Inc
A new corporate scandal seems to break every day. And not just in America: Canada has its Nortel, Bre-X, Livent, and Hollinger. In this book, Allan Hutchinson insists that a lasting solution to these ills requires more than a rooting out of particular miscreants. We must address the larger organisational structures and culture within which such roguery thrives. What currently passes as "good corporate governance" is a large part of the problem. Hutchinson argues that if we want good corporate citizens, then we must seek a sea change in how we think about corporations, how we constitute them, how we regulate them, and what we expect of them. In light of the enormous power and presence of corporations in Canadian society, there are few more pressing or important items on the contemporary political and social agenda. The Companies We Keep offers an original and provocative challenge to turn corporations into civic sites for democratic advancement. The whole notion of "governance" implies a public and accountable aspect to the dealings of corporations which recognises continued wealth creation as well as greater popular participation. The book situates the existence and activities of large corporations within a more encompassing social, political, and economic context. As well as offering a wide-ranging, comparative, and analytical examination of present governance structures, it offers a series of practical, focussed, and precise recommendations for reform. In short, this book is intended to be as much a detailed contribution to public policy and law reform as it is intended to be a general political and economic critique.