Category Archives: Simon Deakin

Will the recent High Court Uber ruling eventually help Google launch driverless cars and what can history tell us about technological change and the law?

Will the recent High Court Uber ruling eventually help Google launch driverless cars and what can history tell us about technological change and the law?

by Professor Simon Deakin, Centre for Business Research & Christopher Markou, Faculty of Law, University of Cambridge In a major victory for the ride-sharing company Uber, the High Court has handed down a long-awaited ruling that Uber’s smartphone app does not function as a taximeter, contrary to the position of Transport for London (TfL) who… Read more

As the Chinese economy slows we still have much to learn from this emerging market’s phenomenal economic transition and its increasing reliance on the rule of law

As the Chinese economy slows we still have much to learn from this emerging market’s phenomenal economic transition and its increasing reliance on the rule of law

by Professor Simon Deakin & Dr Boya Wang, Centre for Business Research The slow-down in the growth of China’s economy from double digits to single figures is now the focus of world attention, but has the impact of the recent stock market crash in the summer of 2015 been over estimated? China has successfully transformed… Read more

Social policy will be critical to a sustainable economic and monetary union (‘EMU’)

Social policy will be critical to a sustainable economic and monetary union (‘EMU’)

by Professor Simon Deakin, Assistant Director of the Centre for Business Research European policy-makers have some vitally important decisions to make in the coming weeks. The June meeting of the European Council is due to consider the role of social policy in the wider context of economic and monetary union (‘EMU’). The background to this… Read more

European Court’s Pringle judgment: good law, bad economics

European Court’s Pringle judgment: good law, bad economics

by Professor Simon Deakin, Assistant Director of the Centre for Business Research Courts don’t often try to decide the direction of economic policy. However, in effect, this is what the European Court has recently done. In its Pringle judgment the court made a number of important decisions on the legality of bail-out policies being pursued… Read more

Shares for workers’ rights: why entrepreneurial firms need employment law too

Shares for workers’ rights: why entrepreneurial firms need employment law too

by Professor Simon Deakin, Assistant Director of the Centre for Business Research Under the government’s current proposals for employment law reform, employees will be able to give up rights concerning unfair dismissal, redundancy pay, flexible working and time off for training in return for receiving shares in the company that employs them, gains on which… Read more

Hedge fund activism in Japan: the limits of shareholder primacy

Hedge fund activism in Japan: the limits of shareholder primacy

Professor Simon Deakin, Assistant Director of the Centre for Business Research, is interviewed about his new book, Hedge Fund Activism in Japan: The Limits of Shareholder Primacy, co-authored by John Buchanan and Dominic Heesang Chai, and published by Cambridge University Press. “Whose interests should a company serve? Is it the property of shareholders, for them… Read more

Don’t shoot the pension fund managers!

Don’t shoot the pension fund managers!

by Professor Simon Deakin, Assistant Director of the Centre for Business Research Long-term investment in infrastructure needs a better policy mix George Osborne‘s attempts to encourage British pension funds to invest more in infrastructure projects are to be applauded. Canadian and Australian pension funds have already invested heavily in infrastructure, but UK funds are still… Read more

Kay needs to replace “shareholder value” with “corporate value”

Kay needs to replace “shareholder value” with “corporate value”

By Professor Simon Deakin, director, Corporate Governance Research Programme, Centre for Business Research, University of Cambridge John Kay’s interim report finds that equity markets are failing in their primary tasks, which he identifies as enhancing the long-term growth of listed companies and providing savers with an appropriately high, risk-adjusted return on their investments. The failure… Read more

Executive pay – your questions answered

Executive pay – your questions answered

by Professor Simon Deakin, Assistant Director of the Centre for Business Research 1. Do bonuses and incentive plans work? The real problem is that share options benefit executives in the event that the share price goes up and the Company does well, but if the share price goes down executives rarely see a fall in… Read more