Regulating Corporate Governance

This chapter defines regulation as an activity that is aimed at 'influencing the flow of events'. It analyses changes in the understanding of corporate law that are wrought by the high level of interest in regulation. It argues that regulation is transforming the understanding of the content of corporate law. Furthermore, it holds that the category of law known as 'corporate law' is being transformed into a broader category of rules called corporate governance. It claims that it is useful to think of corporate governance as a body or category of law as well as a body of governance practices, processes, and structures.