Governing the Modern Corporation : Capital Markets, Corporate Control, and Economic Performance

In Governing the Modern Corporation, Smith and Walter examine critically and comprehensively corporate governance issues before and after the bursting of the stock market bubble in 2000, focusing on the conduct of investors, intermediaries and regulators, as well as that of corporate boards. They find conflicts of interest to be heavily embedded in the system, and suggest a number of remedies to return it to the free market that all want and expect it to be.