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Political Determinants of Corporate GovernancePolitical Context, Corporate Impact$
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Mark J. Roe

Print publication date: 2006

Print ISBN-13: 9780199205301

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199205301.001.0001

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Peace as Predicate

Peace as Predicate

Chapter:
(p.13) Chapter 1 Peace as Predicate
Source:
Political Determinants of Corporate Governance
Author(s):

Mark J. Joe

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199205301.003.0002

This chapter examines the proposition that before a nation can produce, it must achieve social peace. The first section discusses two political foundations to the firm. First, before serious economic activity can take place, social and economic conflict must be minimized, and the ways modern societies have minimized it can affect, and have affected, the structure of the modern corporation. Second, under one modern and widespread political condition, ownership can not easily separate from control, and the truly public firm can not dominate business. The second section considers the variety of ways and persistence in distancing shareholders from employees.

Keywords:   social peace, shareholder control, social democracy, public firm, employees

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