Book contents
- New Private Law Theory
- New Private Law Theory
- Copyright page
- Contents
- Preface
- New Private Law Theory
- Part I Methods and Disciplines
- Part II Social Ordering, Constitutionalism and Private Law
- Part III Transactions and Risk: Private Law and the Market
- Part IV Persons and Organizations
- 18 Person, Civil Status and Private Law
- 19 Theory of the Corporation
- 20 Actors in Organizations
- 21 The Principal’s Decision
- 22 Organizations and Public Goods
- Part V Private Law (Rule-Setting) beyond the State
- Index
- References
21 - The Principal’s Decision
Exit, Voice and Loyalty
from Part IV - Persons and Organizations
Published online by Cambridge University Press: 09 April 2021
- New Private Law Theory
- New Private Law Theory
- Copyright page
- Contents
- Preface
- New Private Law Theory
- Part I Methods and Disciplines
- Part II Social Ordering, Constitutionalism and Private Law
- Part III Transactions and Risk: Private Law and the Market
- Part IV Persons and Organizations
- 18 Person, Civil Status and Private Law
- 19 Theory of the Corporation
- 20 Actors in Organizations
- 21 The Principal’s Decision
- 22 Organizations and Public Goods
- Part V Private Law (Rule-Setting) beyond the State
- Index
- References
Summary
This chapter is the third of a series on the concept and conceptualization of the corporation and the role that core actors play in it. It discusses the power and the limitations that can be observed in the player that, in mainstream doctrinal and economic conceptualization, is seen as the ultimate risk and decision taker. It deals with the power and the limitations that apply to the shareholder in their various decisions, most notably in the decision to invest or disinvest and decisions in the general meetings. While the texts discussed both refer directly to corporations as organizations, one of them decidedly takes a more general view and equally includes and refers to other types of organizations, also of the political sphere – types to which the second text could at least be related.
- Type
- Chapter
- Information
- New Private Law TheoryA Pluralist Approach, pp. 391 - 413Publisher: Cambridge University PressPrint publication year: 2021