Cadbury and a road not taken: Contestation over board design and development of UK corporate governance.

Nordberg, D., 2017. Cadbury and a road not taken: Contestation over board design and development of UK corporate governance. Discussion Paper. Bournemouth, UK: Author. (Unpublished)

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Official URL: https://ssrn.com/abstract=2972545

Abstract

Since 1992, UK corporate governance has been guided by an evolving code of practice. This paper examines the debates during codification and revision, focusing on one issue, board design, and through a close reading of contributions to consultations, it shows the process had three outcomes: It valorised and institutionalised concerns of corporations and investors, but in ways legitimated disparate views and actors. It thus suppressed competing logics, but in ways that allowed them to resurface later. However, over time it failed to engage emerging voices in a rapidly changing market context, raising questions over its likelihood to retain legitimacy.

Item Type:Monograph (Discussion Paper)
Additional Information:This version of the paper has benefited from feedback from the British Academy of Management conference at Newcastle in 2016.
Uncontrolled Keywords:Corporate governance; boards of directors; codes of conduct; UK; institutional logics; legitimacy
Group:Faculty of Management
ID Code:29261
Deposited By: Unnamed user with email symplectic@symplectic
Deposited On:08 Jun 2017 09:10
Last Modified:08 Jun 2017 09:15

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