Corporate expanding universe. Corporate governance, interlocking directorates and its relationship with the corporate networks and the competition law

Authors

  • Santiago Hernán-Carrillo Portolés Doctor en Derecho por la Universidad San Pablo-CEU. Abogado (España)

DOI:

https://doi.org/10.51302/ceflegal.2019.9885

Keywords:

corporate governance, corporate power, board of directors, interlocking directorates, corporate networks, competition law

Abstract

The subject matter of this paper is to analyze certain aspects of the so-called interlocking directorates, members of the board of directors. This figure, usually studied by the Sociology, may imply the existence of corporate networks as well as influence the Competition within the markets. On a general basis, it is intended to fix certain concepts on this matter which may be useful for the corporate praxis to be compliance with the legal and regulatory frame.

Downloads

Download data is not yet available.

References

Aguilera, R. (1998). Director Interlocks in comparative perspective: The case of Spain. European Sociological Review, 14(4).

Buch-Hansen, H. (2014). Interlocking directorates and collusion: An empirical análisis. International Sociology, 29(3).

Agúndez, M. A., Martínez-Simancas, J. y Paz Ares, C. (Coord.). (2009). Cuadernos de Derecho para ingenieros. Gobierno corporativo. Madrid: La Ley.

Cárdenas Herrera, J. (2014). El poder económico mundial. Análisis de interlocking directorates y variedades de capitalismo. Madrid: Centro de Investigaciones Sociológicas.

Cazorla González-Serrano, L. (2013). Presidente Ejecutivo y gobierno corporativo de sociedades cotizadas en España. Pamplona: Civitas - Thomson Reuter.

Chu, J. S. G. y Davis, G. F. (2016). Who killed the inner circle? The collapse of the Amercian Corporate Interlock Network. Recuperado de: http://webuser.bus.umich.edu

Davis, G. F. y Chu, J. S. G. (2013). Who killed the inner circle? The collapse of the American corporate interlock network.

De Andrés, P., Blanco-Alcántara, D. y López de Foronda, Ó. (2014). Los interlocking directorates en España. Evolución, poder y consejeros independientes. Revista Internacional de Sociología (RIS), 72(1), 83-114.

Di Donato, F. y Tiscini, R. (2009). Cross ownership and interlocking directorates between Banks and listed firms: an empirical analysis of the effects on debt leverage and cost of debt in Italian case. Corporate Ownership & Control, 6(3).

Fernández Ordóñez, M. Á. (2000). La competencia. Madrid: Alianza Editorial.

Glattfelder, J. B., Vitali S. y Battiston, S. (2011). The network of global corporate control. Recuperado de http://www.arxiv.org. Cornell University Library, arXiv:1107.5728 v 2 [q-fin-GN].

Heinze, T. (2004). Dynamics in the German system of corporate governance? Empirical findings regarding interlocking directorates. Economy and Society Volume, 33(2), 218-238.

Henisz, W. J. (2014). Corporate Diplomacy. Building reputations and relationships with external stakeholders. UK: Greenleaf Publishing Limited.

Herman, E. S. (1981). Corporate control, corporate power. Cambridge University Press.

Jungmann, C. (2009). The Dualism of One-Tier and Two-Tier Board Systems in Europe. Düsseldorf Law School. Recuperado de https://www.disag.unisi.it

Kissinger, H. (2015). World Order. Penguin Books.

Maassen, G. F. (1999). An International Comparison of Corporate Governance Models. A Study on the Formal Independence and Convergence of One-Tier and Two-Tier Corporate Boards of Directors in the United States of America, the United Kingdom and the Netherlands. Amsterdam. Spencer Stuart Executive Search, Ph.D. Series in General Management, 31. Rotterdam: School of Management.

McMillan, J. (2018). El fin de la Banca. El dinero, el crédito y la Revolución digital. Taurus.

Moavero Milanesi, E. y Winterstein, A. (2002). Minority shareholding, interlocking directorships and the EC Competition rules – Recent Commission practice. Competition Policy Newsletter, 1

Mizruchi, M. S. (1996). What do interlocks do? An analysis, critique, and assessment of research on interlocking directorates. Annual Review Social.

Mizruchi, M. S. (2003). Who controls whom revisited: Managers, Boards of Directors and Corporate governance in large US Firms. University of Michigan.

Opello Jr., W. C. y Rosow, S. J. (1999). The Nation-State a historical introduction to contemporary politics. (2.ª ed.). Lynne Rienner Publishers.

OECD (Organisation for Economic Co-operation and Development. Directorate for financial and enterprise affairs competition committee). (19 de febrero de 2008). Antitrust issues involving minority shareholding and interlocking directorates. Working Party n.º 3 on Co-operation and Enforcement. European Commission.

Pennings, J. M. (1980). Interlocking directorates. Origins and consequences of connections among organizations´ Boards of Directors. San Francisco-Washington-London: Jossey-Bass Publishers.

Petersen, V. (2016). Interlocking directorates in the European Union. An Argument for their restriction. Recuperado de http://nrs.harvard,edu/urn-3:HUL.InstRepos:23519868

Richardson, I. N., Kakadabadse, A. P. y Kakadabadse, N. K. (2011). Bilderberg people. Elite power and Consensus in World affairs. London and New York: Routledge Taylor & Francis Group.

Rothkopf, D. (2012). Power, Inc. The epic rivalry between Big Business and Government and the Reckoning that lies ahead. New York: Farrar, Straus and Giroux.

Santos Castroviejo, I. (2013). La élite del poder económico en España. Un estudio de redes de gobernanza empresarial. Madrid: Maia Ediciones.

Sklair, L. (2002). Democracy and the Transnational Capitalist Class. Annals, AAPSS, 581.

Solomon, J. (2013). Corporate governance and accountability. John Wiley & Sons.

Strange, S. (2015). States and markets. Bloomsbury.

Strange, S. (1996). The retreat of the state. The diffusion of power in the World Economy. Cambridge University Press.

Thepot, F., Hugon, F. y Luinaud, M. (2016).Interlocking Directorate and Anticompetitive risks: An enforcement gap in Europe. Concurrences, 1.

Useem, M. (1984).The Inner Circle. Large corporations and the rise of Business political activity in the U.S. and U.K. New York-Oxford: Oxford University Press.

Wright Mills, C. (1957). La élite del poder (1.ª ed. en español). México: Fondo de Cultura Económica.

Vitali, S., Glattfelder, J .B. y Battiston, S. The network of global corporate control, 2011. Recuperado de https://arxiv.org. Cornell University.

Published

2019-04-10

How to Cite

Hernán-Carrillo Portolés, S. (2019). Corporate expanding universe. Corporate governance, interlocking directorates and its relationship with the corporate networks and the competition law. CEFLegal. Revista práctica De Derecho, (219), 37–70. https://doi.org/10.51302/ceflegal.2019.9885

Issue

Section

Comentarios doctrinales y jurisprudenciales. Civil-mercantil