By Kirton
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Throughout the world, there are thus growing demands for major reforms of the corporate sector so that firms might effectively perform their role as rational productivity-enhancing economic actors underpinning the G8 and global growth (Fratianni et al. 2003; Gourevitch and Shinn 2005; Gourevitch 2003). At the same time, a newly empowered civil society and an intensely interested array of employees, investors, pensioners, suppliers, customers, consumers, and those in the surrounding local communities are placing greater economic and social demands on firms from the outside (Kirton and Hajnal 2006; Winston 2002).
Statement of G7 Finance Ministers’. 15 June, Halifax. htm> (August 2006). G8 (2002). ‘G8 Africa Action Plan’. 27 June, Kananaskis. html> (August 2006). Gersemann, Olaf (2004). Cowboy Capitalism: European Myths, American Reality (Washington DC: Cato Institute). Goldman, Marshall (2005). ‘The Russian Disease’. International Economy, vol. 19 (Summer), pp. 27–31. Gourevitch, Peter (2003). ‘The Politics of Corporate Governance Regulation’. Yale Law Journal, vol. 112, no. 7, pp. 1829–1880. Gourevitch, Peter and James Shinn (2005).
6, no. 3, pp. 316–324. This page intentionally left blank PART II Globalisation’s Challenges for Governance This page intentionally left blank Chapter 2 The Needs and Challenges of Global Governance Olivier Giscard d’Estaing Today, the G8’s leaders are dealing directly with the central question of how to build better global governance in both the public and private spheres. Their agenda embraces the most important issues necessary to restore confidence in G8 and global governments and corporations.