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Pepperdine University

Business judgment rule

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Full-Text Articles in Law

Exploring The Standard Of Review Of Transactions With Controlling Shareholders After In Re Mfw Shareholders Litigation (Decided May 29th, 2013), Miriam Bitton, Odelia Minnes Nov 2014

Exploring The Standard Of Review Of Transactions With Controlling Shareholders After In Re Mfw Shareholders Litigation (Decided May 29th, 2013), Miriam Bitton, Odelia Minnes

The Journal of Business, Entrepreneurship & the Law

This Article will begin with a review of the MFW case, followed by a review of the judicial history prior to this decision. Then it will try to analyze, albeit partially, some of the reasons for why this judgment is timely and reasonable considering changes that occurred in the last decades. It will also address some of the courts' reasoning and its persuasiveness.


More Burden Than Benefit? Analysis Of The Benefit Corporation Movement In California, Sarah Thornsberry Nov 2014

More Burden Than Benefit? Analysis Of The Benefit Corporation Movement In California, Sarah Thornsberry

The Journal of Business, Entrepreneurship & the Law

The benefit corporation movement has been associated with the separate camps of social entrepreneurship, nonprofit organizations, and for-profit corporations, while trying to establish itself as a community of businesses that pursue not only profit, but also environmental and social good. This article examines the legal attributes of benefit corporation legislation and articulates why incorporating as a benefit corporation can be an excellent business decision. Lastly, the article looks at how the movement can further expand in California.


The Proposed Restatement Of Corporate Governance: Is Reform Really Necessary?, Ira S. Levine Feb 2013

The Proposed Restatement Of Corporate Governance: Is Reform Really Necessary?, Ira S. Levine

Pepperdine Law Review

The role of the director in a modern corporation has recently come under new scrutiny. The American Law Institute has proposed a "Restatement of Corporate Governance" which offers explicit guidelines for the conduct of corporate directors. The Institute proposes to increase the board of directors' responsibility for corporate affairs by raising the board's standard of care. The Proposed Restatement has, however, been criticized by the business community for failing to take into account the realities of corporate governance and for imposing a suffocatingly narrow set of guidelines. Corporate management is not in need of reform. But even if it were, …


Decisional Integrity And The Business Judgment Rule: A Theory, Alfred Dennis Mathewson Jan 2013

Decisional Integrity And The Business Judgment Rule: A Theory, Alfred Dennis Mathewson

Pepperdine Law Review

No abstract provided.


Delaware's Duty To Auction After Paramount Communications, Inc. V. Qvc Network, Inc., Robert D. Ming Nov 2012

Delaware's Duty To Auction After Paramount Communications, Inc. V. Qvc Network, Inc., Robert D. Ming

Pepperdine Law Review

No abstract provided.