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Full-Text Articles in Law
Delaware's New Competition, William J. Moon
Delaware's New Competition, William J. Moon
Northwestern University Law Review
According to the standard account in American corporate law, states compete to supply corporate law to American corporations, with Delaware dominating the market. This “competition” metaphor in turn informs some of the most important policy debates in American corporate law.
This Article complicates the standard account, introducing foreign nations as emerging lawmakers that compete with American states in the increasingly globalized market for corporate law. In recent decades, entrepreneurial foreign nations in offshore islands have used permissive corporate governance rules and specialized business courts to attract publicly traded American corporations. Aided in part by a select group of private sector …
Horizontal Directors, Yaron Nili
Horizontal Directors, Yaron Nili
Northwestern University Law Review
Directors wield increasing influence in corporate America, making pivotal decisions regarding corporate affairs and management. A robust literature recognizes directors’ important role and examines their incentives and performance. In particular, scholars have worried that “busy directors”—those who serve on multiple corporate boards—may face time constraints that affect their performance. Little attention, however, has been paid to directors who sit on the boards of multiple companies within the same industry. This Article terms them “horizontal directors” and spotlights, for the first time, the legal and policy issues they raise. The “horizontal” feature of directorships, a term often used in the antitrust …
Of Bitcoins, Independently Wealthy Software, And The Zero-Member Llc, Shawn Bayern
Of Bitcoins, Independently Wealthy Software, And The Zero-Member Llc, Shawn Bayern
Northwestern University Law Review
No abstract provided.
A Road Map For Corporate Governance In East Asia, Chee Keong Low
A Road Map For Corporate Governance In East Asia, Chee Keong Low
Northwestern Journal of International Law & Business
Much has transpired since the inadequacies of corporate governance practices in East Asia were glaringly exposed by the Asian financial crisis. The crisis brought to the foreground numerous deficiencies, which had common roots in excessive over-leverage as well as the lack of transparency, disclosure and accountability. These issues have been explicitly recognized with the release of the White Paper on Corporate Governance in Asia by the Asian Roundtable on Corporate Governance in June 2003.
By responding in part to the White Paper, this article sets out a "roadmap" whose ultimate objective is the enhancement of the practice of corporate governance …