Instead, constructivism argues and empirically documents that the effects of socialization reach deeper, to underlying identities and interests. Yet, this constructivist socialization dynamic requires further specification. In particular, it appears premised on a view of politics as social protest, where national elites are portrayed purely as reactive, calculating agents. This view is not so much wrong as incomplete:
B Israel, E-mail: This article focuses on the legislation of the new corporate law in Israel at the end of the s, which took place during regime transformation from an interventionist state to a regulatory state.
The article makes specific reference to three disputes: This article suggests that despite the transformation of the regime, state actors have continuously been involved via corporate law in the governance of corporations and their relationship with the environment.
Introduction After World War II, the interventionist state was the dominant pattern in the political-economic regime of many countries.
The interventionist state both the corporatist state in Western Europe and the developmental state in East Asia used a variety of measures to intervene directly and indirectly in the economy, as a planner, a direct producer and consumer of goods and services, and as an employer.
Since the s the interventionist state has been declining, indicating a regime shift. As a direct consequence of the decline of the interventionist state, a new political-economic regime, the regulatory state, began to emerge in the late s across the advanced capitalist world, which includes privatization, liberalization, welfare reform, deregulation and re-regulation.
In the regulatory state the use of laws and regulations to structure markets and firms is becoming an increasingly important mode of state involvement in advanced industrial economics Cioffi In regime shifts, older institutional forms decline, but this should not be taken to imply that new forms come to dominate instantly.
Rather, it is likely that both institutional arrangements exist alongside each other Jayasuriya ; Pempel Traditionally, different aspects of the relationship between state and economy have been examined, yet corporate governance and specifically corporate law have received less attention Cioffi ; O'Sullivan This article concentrates on the legislation of the new corporate law in Israel at the end of the s, which brought dramatic changes to Israeli corporate governance.
This examination of the new Israeli corporate law provides a unique opportunity to explore the relationship between state and corporations in an era of reform.
Usually, changes in corporate law are incremental, as opposed to the adoption of new and fully cohesive law as occurred in the Israeli case. Such extensive reform facilitates the analysis of the intense political conflicts of interest between and among state actors and non-state organizations.
This article specifically concentrates on three separate disputes during the legislation of the new Israeli corporate law. The disputes are unrelated and were chosen on the basis of two criteria: While most corporations are privately owned, nearly all academic discussion on corporate law deals with public corporations, which constitute a 2 marginal percentage of corporations and yet hold a pivotal position in the economy.
This paper rejects the avoidance of private corporations and deals with both private and public corporations. A number of rules in company law relate to all types of corporations, and this paper uses one example of this, namely piercing the corporate veil.
The selection of this dispute originates from the unique nature of Israeli legislation that institutionalized this doctrine in corporate law. The other two disputes discussed in paper were chosen since they were considered by the participants in the legislative process as the ones that attract the most intensive public opposition Zandberg They are the separation of the position of the chairman of the board of directors and Chief Executive Officer CEOwhich focuses on publicly traded firms, and the duty to disclose financial reports, that concentrates on private firms.
The three disputes selected enable the study of the emergence of new institutional arrangements alongside the persistence of old arrangements. This article suggests that two contradicting processes take place simultaneously in the relationship between state and corporations. On the one hand, through corporate law, state actors are continuously involved in the ongoing activities of corporations despite the process of liberalization, including involvement in how they govern themselves.
Such involvement to a large extent takes place in publicly traded firms. This article begins with the introduction of the theoretical frameworks relating to the politicaleconomic regime transformation, the changing nature of politics and the relationship between state and corporations.
The second part briefly introduces the transformation of the Israeli politicaleconomic regime. The third section of this paper presents the evolution of the new Israeli corporate law, its underlying theoretical perspective, and the differences between the new law and the Companies Ordinance, followed by an analysis of the three disputes.
Finally, the conclusion deals with the general question:Core, Laura Denning, Sarah Raine Vom Wert Des Notwendigen - Preispolitik Und Lebensstandard in Der Ddr Der Fuenfziger Jahre, . Scribd is the world's largest social reading and publishing site.
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