Corporate governance: separation of powers and checks and balances in Israeli corporate law Academic Article uri icon

abstract

  • The governance of a corporation is a political issue, and thus political theories of governance are well suited to illuminate the complexity of ethical relations in this area. This is not to argue that only political theories can be used to illuminate matters of corporate governance, but it is to challenge the dominance of the standard approach to corporate governance, known as 'agency theory'. In this paper we appeal to civil governance as an analogy for corporate governance. Classical theories of government, as these have been developed within the liberal political tradition since the seventeenth century, are used as a central theoretical perspective for illuminating the ethical dimensions of corporate governance. Subsequently, in order to demonstrate the value of this theoretical perspective, we apply it to the New Israeli Corporate Law. The idea is that if we view the corporation as …

publication date

  • January 1, 2003