Institutions of Corporate Governance

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Harvard Law School John M. Olin Center for Law, Economics and Business Discussion Paper Series 8-3-2004 Harvard Law School

The Institutions of Corporate Governance
Mark J. Roe
Harvard Law School

Recommended Citation
Roe, Mark J., "The Institutions of Corporate Governance" (2004). Harvard Law School John M. Olin Center for Law, Economics and Business Discussion Paper Series. Paper 488. http://lsr.nellco.org/harvard_olin/488

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ISSN 1045-6333

HARVARD
JOHN M. OLIN CENTER FOR LAW, ECONOMICS, AND BUSINESS THE INSTITUTIONS OF CORPORATE GOVERNANCE

Mark J. Roe

Discussion Paper No. 488 08/2004

Harvard Law School Cambridge, MA 02138

This paper can be downloaded without charge from: The Harvard John M. Olin Discussion Paper Series: http://www.law.harvard.edu/programs/olin_center/ The Social Science Research Network Electronic Paper Collection: http://papers.ssrn.com/abstract_id=###### This paper is also a discussion paper of the John M. Olin Center's Program on Corporate Governance

JEL K4, H73, G34, G28

The Institutions of Corporate Governance
Mark J. Roe*
Abstract

In this review piece, I outline the institutions of corporate governance decisionmaking in the large public firm in the wealthy West. By corporate governance, I mean the relationships at the top of the firm—the board of directors, the senior managers, and the stockholders. By institutions I mean those repeated mechanisms that allocate authority among the three and that affect, modulate, and control the decisions made at the top of the firm. Core... [continues]

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