Managing Conflict or Pre-ordaining Failure: The Sisyphean Tragedy (or Absurdity) of Corporate and Capital Market Governance Reform.

Justin O'Brien

    Research output: Contribution to journalArticle

    Abstract

    The debate over how to control the corporate form remains as vital as when the systemic problem associated with the separation of ownership from control was first articulated 75 years ago. The article assesses the utility of accounts that do not take into consideration how political capacity influences the function, scope and efficacy of corporate governance systems. It argues that without a sound ethical underpinning, ad hoc policy responses are doomed to fail. It extends this analysis to the governance of the market, by discussing attempts by the Australian Securities and InvestmentsCommission to reconfigure how the financial services industry manages conflicts of interest. The article argues that the strategy can only succeed if accompanied by much greater coordination at each level of the enforcement pyramid than evidenced to date.
    Original languageEnglish
    Pages (from-to)1-11
    Number of pages11
    JournalAustralian Journal of Corporate Law
    Volume20
    Issue number3
    Publication statusPublished - 2007

    Fingerprint Dive into the research topics of 'Managing Conflict or Pre-ordaining Failure: The Sisyphean Tragedy (or Absurdity) of Corporate and Capital Market Governance Reform.'. Together they form a unique fingerprint.

  • Cite this