Corporate > AG Deal Diary > Recommended Reading: Corporate Governance Since the Managerial Capitalism Era
28 Aug '15

This week, we highlight a summary blog post of Brain Cheffins' academic paper "Corporate Governance Since the Managerial Capitalism Era". In his article, Mr. Cheffins explores the widespread institutionalization of corporate governance concepts and frameworks by U.S. public companies in the wake of corporate scandals beginning in the 1970s. Interestingly, Mr. Cheffins contrasts the checks and balances provided by good governance against systemic controls inherent in the days of managerial capitalism - including powerful labor unions, restrictions on access to risky financial mechanisms, protections from competition due to government regulation and few foreign rivals, and a general sense of restraint following the Great Depression and World War II.