Business Elites and Corporate Governance in France and the UK

Abstract

This book is a cross-national study of business elites and corporate governance in France and the UK. It examines corporate governance from a comparative standpoint, and looks beneath the surface, beyond the application of formal rules and regulations, at the exercise of power and authority in two distinct national business systems. It explores key issues concerning business elites, their networks, recruitment, reward, reproduction, and commonality of membership of organisations against the backdrop of an increasingly global economy. The book aims to shed light on the mechanisms that govern the stability and regeneration of business elites in both countries in the face of far-reaching change. Change has been driven by globalisation and heightened competition on the one hand, and an increasing focus on matters of corporate responsibility, accountability and transparency on the other. Are the old systems breaking down, and, if so, are we witnessing the emergence of European and international business elites? Are we observing a convergence in matters of corporate governance, in which Britain is often perceived as leading the way?¹

‘It is true that liberty is precious—so precious that it must be rationed.’

Lenin