APPROACHES TO CORPORATE GOVERNANCE

This paper explores the question ?what is corporate governance?? It examines dominant theoretical approaches to the subject, and reviews influential legislative attempts to address the area in the United States as well as the United Kingdom. Inconsistencies between theoretical approaches to the subject and practical frameworks will be discussed, along with the implications of current frameworks in the US and UK. It will be concluded that legislative reform ought to address the dynamic nature of corporate governance by focusing on widening the scope of actors, and embodying a collaborative approach between businesses, governments, and other stakeholders.