Corporate Governance

Must Read

Vox: Weighing the Pros and Cons of Corporate Tax Reform in the EU

Authors: Leon Bettendorf, Michael Devereux, Simon Loretz, and Albert van der Horst

The European Commission has launched proposals to radically reform corporate income tax in the EU with a system known as the Common Consolidated Corporate Tax base. This column in Vox suggests that this reform would have significant effects on individual member states, but only small effects at the aggregate level in terms of employment, GDP and efficiency.

See more in EU; Corporate Governance; Tax Policy

Op-Ed

Bangladesh’s Lessons for Enlightened Corporate Interest

Authors: Mark P. Lagon and Andrew Reddie
Georgetown Journal of International Affairs
Reflecting upon the Rana Plaza factory collapse in Bangladesh, Ambassador Mark Lagon and Andrew Reddie suggest that it is in the interest of corporations to protect their employees' safety, rights, and freedom rather than being beholden only to their share price.

See more in Bangladesh; Business and Foreign Policy; Corporate Governance

Op-Ed

Demons on Wall Street

Author: Sebastian Mallaby
Washington Post

One year ago, with spectacular timing, a Wall Streeter named Richard Bookstaber published a book on financial engineering. He called it "A Demon of Our Own Design," and his argument was that a new breed of "quants" had created a system too complex to be manageable. In this Washington Post op-ed, Sebastian Mallaby agrees with Dr. Bookstaber that—in the wake of Bear Stearns—modern financial engineering has become harder to defend.

See more in United States; Corporate Governance; Financial Regulation