The Modern Corporation Project, run by Prof. Hugh Willmott and Dr. Jeroen Veldman at Cass Business School, City University, seeks to connect corporate governance to political economy. By linking the theory and practice of corporate governance, it welcomes the development of a wide-ranging debate on the the nature and consequences of contemporary corporate governance theory and practice in relation to the public purpose of the corporate form. Its contributors are leading practitioners and international academics from the fields of Company Law, Economics, Accounting, Management and Politics. This website presents succinct and authoritative statements on corporate governance, and notably on the effects of shareholder value, prepared and endorsed by these contributors.
The statements are a first step to open up a broad debate involving all stakeholders in the corporate governance domain. This was advanced in February 2014 when the Modern Corporation Project together with the Purpose of the Corporation Project, run by the Frank Bold Society, organized a conference in the European Parliament, which brought together senior businesspeople, politicians, NGO representatives, trade unionists, shareholder representatives, accounting and regulation body representatives, journalists, and academics to discuss and develop initiatives for improved corporate governance.
In September 2016 we will conclude this series of workshops with a conference in Brussels.
Future activities will be communicated via this website and social media.
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Coverage of our activities:
- Simon Caulkin, writer, editor and award-winning business journalist in Financial Times: “Business is tackling the difficult questions politics has dodged”
- Stefan Stern, director of High Pay Centre and columnist for Financial Times.
- Rick Wartzman, executive director of the Drucker Institute in Time Business. “The Long View: Why Maximizing Shareholder Value Is On Its Way Out”
- Katrin Muff, Dean of BSL (Business School Lausanne) in her blog: “Imagine Corporate Governance for a Sustainable World”
- Peter Crow, non-executive director and board advisor in his blog: “The emerging role of the board in business performance”
- Dina Medland, Forbes and Financial Times journalist, in her blog: “A First In EU Law: Shareholders Don’t Own Companies”
- Filip Gregor, Head of Responsible Companies in Shift project website: “Paradigm Shift: It’s Time to Speak about the Purpose of the Corporation” http://www.shiftproject.org/article/paradigm-shift-its-time-speak-about-purpose-corporation
- Paige Morrow
- “Defining Corporate Purpose is the only Way Forward”“Launch of UK BCorp Movement Prompts Debate About Future of Corporations” in Triple Pundit.
- “European lawmakers vote to increase shareholder rights” in Contexte.
- “Lux leaks scandal shows why tax avoidance is a bad idea” in Politico.
- “Europe: trend towards increased corporate responsibility” L4BB (Lawyers for Better Business) blog.
- Cited in Friends of the Earth research “Focusing businesses on doing good” p.16.