ABSTRACT
Tracey Swift and Dando's paper continues the extension beyond classical corporate governance rooted in shareholder accountability models. In the near future, corporate governance and accountability will increasingly be judged on this basis, whether framed by a 'multipurpose' model of business responsibilities or by a more reductionist model that incorporates these de facto realities into risk-related and opportunity-related shareholder interests. Gerde et al. offer a thoughtful review of key theoretical perspectives, thereby making explicit the hypothetical underpinnings of some of the classical assumptions linking governance and performance. Corporate accountability and governance will be deeply impacted by emerging alternative ownership models on the back of the lows as well as the highs of two decades of privatisation and by new rules for incorporation. Papers by Puri and Borok and by Betit take the debate into different territory in exploring the implications of extending the scope of accountability to focus on employees as well as shareholders.
