The Open Corporation
Effective Self-regulation and Democracy

The Open Corporation is an innovative and realistic proposal for effective corporate self-regulation.

Christine Parker (Author)

9780521152884, Cambridge University Press

Paperback, published 26 August 2010

378 pages
22.9 x 15.2 x 2.1 cm, 0.55 kg

"In a lively and challenging work that is light years away from the received wisdom that the corporation is answerable only to the profit motive of its shareholders, Christine Parker seeks to explore the possibility of transforming the corporation from an object of external regulation to a subject capable of self-regulation." Griffith Law Review

The Open Corporation, originally published in 2002, set out a blueprint for effective corporate self-regulation, offering practical strategies for managers, stakeholders and regulators to build successful self-regulation management systems. Christine Parker examined the conditions under which corporate self-regulation of social and legal responsibilities were likely to be effective, covering a wide range of areas - from consumer protection to sexual harassment to environmental compliance. Focusing on the features that make self-regulation or compliance management systems effective, Parker argued that law and regulators needed to focus much more on 'meta-regulating' corporate self-regulation if democratic control over corporate action was to be established.

List of tables and figures
Preface
Acknowledgements
1. Introduction: corporate self-regulation in the new regulatory state
2. The potential for self-regulation
3. Motivating top management commitment to self-regulation
4. Cultivating self-regulation leadership
5. Self-regulating methodology and social harmony
6. The pathologies of self-regulation
7. Model corporate citizens: the role of self-regulation professionals
8. The three strategies of 'permeability' in the open corporation
9. Meta-regulation: the regulation of self-regulation
10. Conclusion
Appendix
Notes
References
Index.

Subject Areas: Commercial law [LNCB], Business ethics & social responsibility [KJG], Business & management [KJ], Economic theory & philosophy [KCA]