Political Power and Corporate Control: The New Global Politics of Corporate Governance

Why does corporate governance--front page news with the collapse of Enron, WorldCom, and Parmalat--vary so dramatically around the world? This book explains how politics shapes corporate governance--how managers, shareholders, and workers jockey for advantage in setting the rules by which companies are run, and for whom they are run. It combines a clear theoretical model on this political interaction, with statistical evidence from thirty-nine countries of Europe, Asia, Africa, and North and South America and detailed narratives of country cases.
 This book differs sharply from most treatments by explaining differences in minority shareholder protections and ownership concentration among countries in terms of the interaction of economic preferences and political institutions. It explores in particular the crucial role of pension plans and financial intermediaries in shaping political preferences for different rules of corporate governance. The countries examined sort into two distinct groups: diffuse shareholding by external investors who pick a board that monitors the managers, and concentrated blockholding by insiders who monitor managers directly. Examining the political coalitions that form among or across management, owners, and workers, the authors find that certain coalitions encourage policies that promote diffuse shareholding, while other coalitions yield blockholding-oriented policies. Political institutions influence the probability of one coalition defeating another.

Business & Money

Shinn, James

Gourevitch, Peter A.

Economics

Princeton University Press

The objective of a negotiated peace in Afghanistan has been firmly embraced by most of the potential parties to a treaty. However, arriving at an agreement about the sequencing, timing, and prioritization of peace terms is likely to be difficult, given the divergence in the parties' interests and objectives. The U.S. objective in these negotiations should be a stable and peaceful Afghanistan that neither hosts nor collaborates with terrorists.

Afghan Peace Talks: A Primer (Rand Corporation Monograph)

History

Dobbins Former Special Envoy for Afghanistan Kosovo Bosnia Haiti and Somalia, James

Asia

RAND Corporation

As the second half of the 1990s began, the U.S.-Japan security relationship was nearing crisis. The security environment in East Asia had changed with the end of the Cold War. Tensions were rising between Washington and Tokyo over the Okinawa rape incident, the funding of U.S. bases in the region, America's continued commitment to defense of the region, and doubts about Japan's commitment to mutual defense. When the September 1997 revision to the defense guidelines - which elucidated and moderately strengthened Japan's role in the alliance - showed an awareness of the need to adapt, Washington and Tokyo will need to do more to reform their alliance if it is to remain the linchpin of East Asian security.In this climate, the Council on Foreign Relations decided it would be useful to assemble a group of leading U.S. experts on U.S.-Japan relations and a number of Japanese commentators for a rigorous examination of the future of the security relationship.The Study Group, chaired by Harold Brown of the Center for Strategic and International Studies and Richard Armitage of Armitage Associates, sought to identify and explore the fundamental questions that U.S. and Japanese policymakers needed to address to make the alliance relevant for the 21st century. This report summarizes the findings of the Study Group.

The Tests of War and the Strains of Peace: The U.S.-Japan Security Relationship

Council on Foreign Relations

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Books by Shinn, James