Corporate Groups and Shadow Business Practices

Author: Linn Anker-Sørensen
Publisher: Cambridge University Press
ISBN: 9781108844192
Published In: April 2022
Format: Hardback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: HKD 1,352.00

HKD 1,311.44 Save HKD 40.56 (3%)

Download Order Form

Add to Wishlist
| Add to Compare

Description
Contents

Details

The uniqueness of this book is its conceptualization of a corporate group as a system of interaction, comprised of nodes, links and internal governance tools. This framework can be used to understand what constitutes a group, based on affiliation-linkages. By increasing our perception of group-structuring we can assess the extent to which existing laws address all variables. If the law does not consider certain variables to be used for identifying groups, a case of shadow business may be identified. Group-transparency is a recurring topic on the regulatory agenda. In this book, three legal domains are analysed questioning whether specific amendments have led to increased group-transparency: the control-definition for consolidated accounts, shareholder-transparency in company law, and major holding disclosure in listed companies. This book identifies deficiencies of the law in obtaining its regulatory objective of group-transparency, and proposes an interpretative solution based on Systems Thinking.

Part I. Setting the Scene:

1. Corporate group transparency

Part II. The Emergence of Group Complexity:

2. What causes group complexity

3. The emergence of corporate groups

Part III. Decomposing Corporate Groups:

4. Organizational decoupling

5. Control decoupling

6. Governance decoupling

Part IV. Deficiencies in Formal Approaches to Group Transparency in EU Law:

7. The partly transparent corporate group under accounting law principles of consolidated accounts

8. The contribution of company law to group transparency