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Lookup NU author(s): Dr Michael Price,
Professor Charles Harvey,
Professor Mairi Maclean
This is the authors' accepted manuscript of an article that has been published in its final definitive form by Emerald Publishing Limited, 2018.
For re-use rights please refer to the publisher's terms and conditions.
Purpose – We aim to answer two main research question. First, we ask to what degree the UK corporate governance code has changed in response to systemic perturbations and subsequent enquiries established to recommend solutions to perceived shortcomings. Second, we ask how the solutions proposed in these landmark governance texts might be explained.Methodology – We take a critical discourse approach to develop and apply a discourse model of corporate governance reform. We draw together data on popular, corporate-political and technocratic discourses on corporate governance in the UK and analyze these data using content analysis and the discourse-historical approach.Findings – The UK corporate governance code has changed little despite periodic crises and the enquiries set up to investigate and recommend improvements. Institutional stasis, we find, is the product of discourse capture and control by elite corporate actors aided by political allies who inhabit the same elite habitus. Review group members draw intertextually on prior technocratic discourse to create new canonical texts that bear the hallmarks of their predecessors. Light touch regulation by corporate insiders thus remains the UK approach. Originality/value – This is one of the first applications of critical discourse analysis in the accounting literature and the first to have conducted a discursive analysis of corporate governance reports in the UK. We present an original model of discourse transitions to explain how systemic challenges are dissipated.
Author(s): Price M, Harvey C, Maclean M, Campbell D
Publication type: Article
Publication status: Published
Journal: Accounting, Auditing & Accountability Journal
Online publication date: 18/06/2018
Acceptance date: 10/10/2017
Date deposited: 11/10/2017
ISSN (print): 1368-0668
ISSN (electronic): 1758-4205
Publisher: Emerald Publishing Limited
Notes: The lead author, Michael Price, is a Research Associate in NUBS working for REWP.
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