How Far Does the United Kingdom Have a Market-Based System of Corporate Governance? A Review and Evaluation of Recent Developments in the United Kingdom

2005 ◽  
Vol 9 (1) ◽  
pp. 107-126 ◽  
Author(s):  
Andrew Pendleton
Keyword(s):  
Corporate Governance ◽  
United Kingdom ◽  
Market Model ◽  
Network Systems ◽  
Systems Model ◽  
The United Kingdom ◽  
Recent Developments ◽  
The Uk ◽  
Strong Control ◽  
Primary Form

This article questions the extent to which UK corporate governance fits the stereotypical market model. It is argued that the UK system displays features that sit uneasily with an emphasis on markets as the primary form of governance. A web of social relationships between investors and managers complements and to some extent substitutes for market-based discipline. Thus the United Kingdom possesses characteristics of relationship or network systems as well as those of market systems. Furthermore, it is argued that, contrary to the usual inferences from an apparently dispersed structure of ownership in the United Kingdom, investors are able to exert strong control of managers. This arises from a similarity of interests between investors, and involves some explicit forms of investor co-ordination. The article concludes with some observations on the utility of the two-systems model.

scholarly journals The Scottish Constitutional Tradition: A Very British Radicalism?

2015 ◽  
Vol 7 (1) ◽  
pp. 30-56
Author(s):  
W. Elliot Bulmer
Keyword(s):  
United Kingdom ◽  
Proportional Representation ◽  
Popular Sovereignty ◽  
Constitutional Government ◽  
The United Kingdom ◽  
Recent Developments ◽  
Constitutional Thought ◽  
The Uk ◽  
Constitutional Tradition

Abstract This paper discusses recent developments in Scottish nationalist constitutional thought during the period of 2002 to 2014, showing how the Scottish constitutional conversation has diverged from, but continues to be influenced by, the UK-wide constitutional conversation at Westminster. It presents Scottish nationalist constitutional thought as a ‘very British radicalism’, which is characterised by certain constitutional forms and ideas that are radical in a British context (such as popular sovereignty, proportional representation, a written constitution, and a commitment to covenantal socio-economic and environmental provisions) while at the same time retaining a persistent ‘Britishness’ in terms of specific institutional proposals and ambivalence towards the principles of constitutional government. Finally, I will discuss possible designs of a future constitutional settlement in Scotland and the United Kingdom. Notably, I will explore how far the Scottish constitutional tradition might impact on the constitutional shape of the United Kingdom.

International and Comparative Perspectives on Employee Participation

2010 ◽  
Author(s):  
Nick Wailes ◽  
Russell D. Lansbury
Keyword(s):  
Corporate Governance ◽  
United Kingdom ◽  
Social Action ◽  
Employee Participation ◽  
Varieties Of Capitalism ◽  
The United Kingdom ◽  
Recent Developments ◽  
Comparative Corporate Governance

This article seeks to modify and extend the Varieties of Capitalism (VofC) approach in a way that makes it possible for it to account for both within country diversity and the role which international factors play in shaping national patterns of participation. It does so by drawing on recent debates about the VofC approach in general and comparative corporate governance in particular. Both these literatures suggest the need for VofC analysis to adopt a less deterministic view of the role that institutions play in shaping social action, to focus more on the role of agency and interests, and to suggest the need to explore the interconnections between countries in more detail. The article uses this modified VofC framework to examine the extent to which it can help explain recent developments in two countries: the United Kingdom and Germany. It concludes by outlining suggestions for further research.

scholarly journals A comparative analysis of strengths and weaknesses of corporate governance practices between two jurisdictions; UK and South Africa

2021 ◽  
Author(s):  
King Costa ◽  
Thelela Ngcetane-Vika
Keyword(s):  
South Africa ◽  
Corporate Governance ◽  
United Kingdom ◽  
Best Practice ◽  
Stock Exchange ◽  
The Other ◽  
The United Kingdom ◽  
Other Hand ◽  
Business Entities ◽  
The Uk

This paper is an exploration of theoretical aspects underpinning the practice of Corporate Governance (CG) in the United Kingdom and South Africa. Because of several corporate scandals and failures in the twenty and twenty first siècles, Corporate Governance has been a significant and crucial subject and field of study in business schools in recent years. Leadership and Management of business entities and alignment to prescripts that are statutory formulated for prevention of corporate decline and enhancement of sound business principles continue to be highly contentious issues. A theoretical and exploratory narrative synthesis was conducted to unearth the strengths and weaknesses of contextual explication, practice and legal application of Corporate Governance in both the United Kingdom and South Africa. In terms of the UK, the study found out that the CG is designed and benchmarked on international best practice, seamlessly fitting within all the Codes on Key Aspects of Corporate Governance. Secondly, another major element of strengths determination were found to be inherent in the practice of voluntary compliance. However, the greatest criticisms of Corporate Governance theories in the UK was the fact that their focus is largely on public corporations, especially those listed in London stock exchange and thus, leave behind small and medium enterprises. The cultural diversity is also found to be a cause for concern in terms of practice and legal application. On the other hand, in South Africa, the study found out that consideration for diversity is one of the greatest strengths in CG practice and legal application, which is likely to contribute effectively to good and sound decision-making, reflective of all people. Weaknesses continue to be the delay in realisation of board equity in terms of gender while on the other hand, corruption and lack of adherence to retributive prescripts remain problematic.

scholarly journals Towards the marketization of early childhood education and care? Recent developments in Sweden and the United Kingdom

2011 ◽  
Vol 2 ◽  
Author(s):  
Ingela Naumann
Keyword(s):  
Early Childhood ◽  
United Kingdom ◽  
Early Childhood Education ◽  
Welfare States ◽  
Early Years ◽  
Market Model ◽  
Childhood Education ◽  
The United Kingdom ◽  
Education And Care ◽  
The Uk

Extensive public debate is being waged across mature welfare states as to whether social services are best provided by the state or the market. This article examines developments in Early Childhood Education and Care (ECEC) policy in Sweden and the United Kingdom, identifying trends towards marketization and universalization of ECEC that suggest a complex picture of competing policy logics and goals in the restructuring of welfare states. This article first discusses two models of early-years provision, the market model, and the universal model, outlining underlying assumptions, tensions, and implications of market and state provision of ECEC. A comparison of recent reforms in Sweden and the UK highlights how similar ideas and trends play out differently in different national contexts. In Sweden an integrated public ‘educare' programme gradually developed over time, and market mechanisms introduced in the 1990s have so far had limited effect on the system overall. In the UK ideas about universal early childhood education became influential as part of a new social-investment agenda in the 1990s but have, owing to their restricted implementation, not fundamentally altered the existing childcare market. Historical policy trajectories continue to matter, yet tensions and incoherencies between policies can open spaces for change.

Tracking terrorist networks: problems of intelligence sharing within the UK intelligence community

2009 ◽  
Vol 35 (4) ◽  
pp. 997-1009 ◽  
Author(s):  
ANTONY FIELD
Keyword(s):  
United Kingdom ◽  
Terrorist Attacks ◽  
Intelligence Community ◽  
Information Flows ◽  
Counter Terrorism ◽  
The United Kingdom ◽  
Intelligence Sharing ◽  
Recent Developments ◽  
The Uk ◽  
Institutional Boundaries

AbstractThe 7/7 terrorist attacks demonstrated that there were some clear deficiencies with the organisation of the United Kingdom's counter-terrorism intelligence community. In the aftermath of the attacks, there were moves to develop a more robust ‘counter-terrorism network’ in the United Kingdom that would facilitate better communication and intelligence sharing. While recent developments are to be welcomed, the reforms have not addressed some of the fundamental cultural, institutional and technological issues at the heart of the problem. The creation of an effective counter-terrorism network demands that information flows more freely through the intelligence community and that institutional boundaries are broken down. Until these obstacles have been overcome, the new counter-terrorism network will continue to be hampered by the same old problems of intelligence sharing.

TBE in United Kingdom

2020 ◽  
Keyword(s):  
United Kingdom ◽  
Clinical Disease ◽  
England And Wales ◽  
Probable Case ◽  
The United Kingdom ◽  
South West ◽  
Louping Ill ◽  
The Uk ◽  
North And South ◽  
South West England

Until 2019, TBE was considered only to be an imported disease to the United Kingdom. In that year, evidence became available that the TBEV is likely circulating in the country1,2 and a first “probable case” of TBE originating in the UK was reported.3 In addition to TBEV, louping ill virus (LIV), a member of the TBEV-serocomplex, is also endemic in parts of the UK. Reports of clinical disease caused by LIV in livestock are mainly from Scotland, parts of North and South West England and Wales.4

Risk Transferin Public Private Partnership/Private Finance Initiative Procurement Documents:The Differencebetween The United Kingdom and Malaysia

2016 ◽  
Vol 4 (4) ◽  
pp. 30
Author(s):  
Nooriha Abdullah ◽  
Darinka Asenova ◽  
Stephen J. Bailey
Keyword(s):  
United Kingdom ◽  
Public Procurement ◽  
Research Question ◽  
Public Private Partnership ◽  
Private Finance Initiative ◽  
Private Partnership ◽  
Risk Transfer ◽  
Private Finance ◽  
The United Kingdom ◽  
The Uk

The aim of this paper is to analyse the risk transfer issue in Public Private Partnership/Private Finance Initiative (PPP/PFI) procurement documents in the United Kingdom (UK) and Malaysia. It utilises qualitative research methods using documentation and interviews for data collection. The UK documents (guidelines and contracts) identify the risks related to this form of public procurement of services and makeexplicittheappropriateallocation of those risks between the public and the private sector PPP/PFI partners and so the types of risks each party should bear. However, in Malaysia, such allocation of risks was not mentioned in PPP/PFI guidelines. Hence, a question arises regarding whether risk transfer exists in Malaysian PPP/PFI projects, whether in contracts or by other means. This research question is the rationale for the comparative analysis ofdocumentsand practicesrelatingtorisk transfer in the PPP/PFI procurements in both countries. The results clarify risk-related issues that arise in implementing PPP/PFI procurement in Malaysia, in particular how risk is conceptualised, recognised and allocated (whether explicitly or implicitly), whether or not that allocation is intended to achieve optimum risk transfer, and so the implications forachievement ofvalue for moneyor other such objectivesinPPP/PFI.

HIV and other STIs in the United Kingdom: further increases

2003 ◽  
Vol 7 (48) ◽  
Author(s):  
◽  
Keyword(s):  
United Kingdom ◽  
Disease Surveillance ◽  
Communicable Disease ◽  
People Living With Hiv ◽  
Health Protection Agency ◽  
Protection Agency ◽  
England And Wales ◽  
The United Kingdom ◽  
The Uk ◽  
Living With Hiv

The Health Protection Agency Communicable Disease Surveillance Centre for England and Wales and others have reported that the number of people living with HIV in the UK has increased

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