The Law and Governance of Decentralised Business Models Between Hierarchies and Markets

• Main Authors: Barker, Roger M, Chiu, Iris H-Y
• Format: eBook
• Language: English
• Published: Oxford Routledge 2021; Taylor and Francis; Taylor & Francis Group
• Edition: 1
• Series: Routledge Research in Corporate Law
• Subjects: Business & Company Law; Commercial Law; Corporate Governance; Corporate governance-Law and legislation; International Business; UK Public Private Partnership; Corporate Platforms; Network Governance Framework; PPPs; Contractual Governance; UK Company Law; UK Bribery Act; Smart Contracts; Infrastructure UK; PPP Sector; Open Source Soft Ware; UK Company Act; Platform Economy; Decentralised Business Structure; Blockchain Technology; Private Sector Consortium; Community Interest Companies; Platform Owner; Network Administrative Organisation; Human Rights Due Diligence; Public Service Corporation; Corporate Veil; Platform Business Models; Senior Responsible Owner; UK Financial Sector
• ISBN: 0367690756; 9780367345877; 9780367690755; 0367345870
• DOI: 10.4324/9780429340772

This book draws together themes in business model developments in relation to decentralised business models (DBMs), sometimes referred to as the 'sharing' economy, to systematically analyse the challenges to corporate and organisational law and governance. DBMs include business networks, the global supply chain, public-private partnerships, the platform economy and blockchain-based enterprises. The law of organisational forms and governance has been slow in responding to changes, and reliance has been placed on innovations in contract law to support the business model developments. The authors argue that the law of organisations and governance can respond to changes in the phenomenon of decentralised business models driven by transformative technology and new socio-economic dynamics. They argue that principles underlying the law of organisations and governance, such as corporate governance, are crucial to constituting, facilitating and enabling reciprocality, mutuality, governance and redress in relation to these business models, the wealth-creation of which subscribes to neither a firm nor market system, is neither hierarchical nor totally decentralised, and incorporates socio-economic elements that are often enmeshed with incentives and relations. Of interest to academics, policymakers and legal practitioners, this book offers proposals for new thinking in the law of organisation and governance to advance the possibilities of a new socio-economic future.