Show simple item record

dc.contributor.authorWhincop, Michael
dc.contributor.authorKeyes, Mary
dc.date.accessioned2020-01-06T05:51:32Z
dc.date.available2020-01-06T05:51:32Z
dc.date.issued1997
dc.identifier.issn0067205X
dc.identifier.doi10.22145/flr.25.1.2
dc.identifier.urihttp://hdl.handle.net/10072/121069
dc.description.abstractAustralia is following the lead of other Commonwealth countries and privatising government enterprise. This article addresses and rejects a claim made in the Australian literature that the contractarian theory of corporate law supplies a normative argument in favour of privatisation. On the basis that any efficiency claim made for privatisation requires a much closer scrutiny of the institutional framework within which corporate governance takes place, the article studies several key developments in Australian corporate law and governance. The doctrinal structure of Australian corporate law is developing in a manner that displays strong affinities to the judicial review model of public administrative law. In particular, (1) courts are developing an implicit model of propriety in corporate decision making; (2) the substantive grounds of review of shareholder and director decisions are changing; and (3) standing requirements are either being liberalised, or are becoming increasingly amenable to the representation of non-shareholder, "communitarian" interests. These developments imply a greater role for corporate law in Australia as a mediator between interested constituencies. The paper explores the implications of these developments made for efficiency claims for privatisation.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherAustralian National University
dc.publisher.placeCanberra
dc.relation.ispartofpagefrom51
dc.relation.ispartofpageto96
dc.relation.ispartofissue1
dc.relation.ispartofjournalFederal Law Review
dc.relation.ispartofvolume25
dc.subject.fieldofresearchLaw
dc.subject.fieldofresearchcode1801
dc.titleCorporation, Contract, Community: An Analysis of Governance in the Privatisation of Public Enterprise and the Publicisation of Private Corporate Law
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyArts, Education & Law Group, School of Law
gro.hasfulltextNo Full Text
gro.griffith.authorKeyes, Mary E.
gro.griffith.authorWhincop, Michael J.


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

  • Journal articles
    Contains articles published by Griffith authors in scholarly journals.

Show simple item record