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Equity Derivatives And The Challenge For Berle’S Conception Of Corporate Accountability, Janis Sarra
Equity Derivatives And The Challenge For Berle’S Conception Of Corporate Accountability, Janis Sarra
Seattle University Law Review
With the proliferation of equity derivatives and related structured financial products, the North American conception of corporate governance faces a new and distinct challenge to its underlying premises.This Article analyzes these developments with a focus on the implications for director and officer accountability and corporate sustainability, using the occasion of the third symposium of the Adolf A. Berle, Jr. Center on Corporations, Law & Society to consider whether Berle’s analysis of corporate accountability offers any insights into how to address the uncoupling of economic interest and legal rights in corporate governance. Part II of this Article sets the context for …