Despite the influence corporations wield over all aspects of everyday life, there has been a remarkable absence of critical inquiry into the social constitution of this power. In analysing the complex relationship between corporate power and the widespread phenomenon of share ownership, this book seeks to map and define the nature of resistance and domination in contemporary capitalism.
Drawing on a Marxist-informed framework, this book reconnects the social constitution of corporate power and changing forms of shareholder activism. In contrast to other texts that deal with corporate governance, this study examines a diverse and comprehensive set of themes, from socially responsible investing to labour-led shareholder activism and its limitations. Through this ambitious and critical study, author Susanne Soederberg demonstrates how the corporate governance doctrine represents an inherent feature of neoliberal rule, effectively disembedding and depoliticising relations of domination and resistance from the wider power and paradoxes of capitalism.
Examining corporate governance and shareholder activism in a number of different contexts that include the United States and the global South, this important book will be of interest to students and scholars of international political economy, international relations and development studies. It will also be of relevance to a wider range of disciplines including finance, economics, and business and management studies.
Winner of the Davidson/Studies in Political Economy Award.
Table of Contents
Part 1: Introduction 1. Repoliticizing Corporate Power and Ownership in Contemporary Capitalism Part 2: Power and Paradoxes of Corporate Power and Mass Investment 2. Repoliticizing the Ownership Society and the Marketization of Security 3. Repoliticizing Corporate Governance: Scandals, Struggles, and the Sarbanes-Oxley Act 4. Deconstructing the Myth of Corporate Democracy: The Case of the Equal Access Proposal Part 3: The Changing Forms of and Limits to Shareholder Activism 5. The Limits to Labour’s Capital and the New Activism 6. Corporate Governance and Entrepreneurial Development: The Case of the Permissible Country Index 7. The Marketization of Social Justice: The Case of the Sudan Divestment Campaign
Susanne Soederberg is a Canada Research Chair in Global Political Economy and an Associate Professor in the Departments of Global Development Studies and Political Studies at Queen's University, Canada. She is author of The Politics of the New International Financial Architecture: Reimposing Neoliberal Domination in the Global South (2004) and Global Governance in Question: Empire, Class, and the New Common Sense in Managing North-South Relations (2006)
'This is a welcome addition to the literature on the role of corporate power in contemporary society.' - Stephen McBride, Socialist Studies, Vol. 7, 1/2. Spring/Fall 2011