The Recurrent Crisis in Corporate Governance

The Recurrent Crisis in Corporate Governance by Paul W. MacAvoy and Ira M. Millstein Published by Palgrave MacMillan 168 pages $65

Since the mid-1980s two crises have overtaken governance of the American corporation -the loss of competitiveness in the 1980s and the loss of investor trust in financial management in the late 1990s. This book proposes specific changes in conduct to resolve these crises, principally by putting the board of …