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Full-Text Articles in Law

The Emerging Personality Of The American Corporation, Cynthia Williams Jul 2017

The Emerging Personality Of The American Corporation, Cynthia Williams

Cynthia A. Williams

Reviewing Eric W. Orts, Business Persons: A Legal Theory of the Firm, and Robert E. Wright, Corporation Nation.


Corporate Compliance With The Law In The Era Of Efficiency, Cynthia A. Williams Jul 2017

Corporate Compliance With The Law In The Era Of Efficiency, Cynthia A. Williams

Cynthia A. Williams

No abstract provided.


The Global Reporting Initiative, Transnational Corporate Accountability, And Global Regulatory Counter-Currents, Cynthia A. Williams Jul 2017

The Global Reporting Initiative, Transnational Corporate Accountability, And Global Regulatory Counter-Currents, Cynthia A. Williams

Cynthia A. Williams

In this essay, the Author provides an overview in Part I of some initiatives to require or encourage companies to produce specific ESG data, authored both by governments and by private standard-setters. In Part II, one disclosure initiative in particular will be discussed as an example of a transnational legal order (TLO), as defined by Professors Shaffer and Halliday,13 and that is the Global Reporting Initiative, which has become the benchmark corporate social disclosure framework. Part III identifies a number of significant questions about our knowledge of the real power of information strategies to change corporate behavior, as the GRI …


Triumph Or Tragedy? The Curious Path Of Corporate Disclosure Reform In The U.K., Cynthia A. Williams, John M. Conley Jul 2017

Triumph Or Tragedy? The Curious Path Of Corporate Disclosure Reform In The U.K., Cynthia A. Williams, John M. Conley

Cynthia A. Williams

No abstract provided.


Assurance Services As A Substitute For Law In Global Commerce, Margaret M. Blair, Cynthia A. Williams, Li-Wen Lin Jul 2017

Assurance Services As A Substitute For Law In Global Commerce, Margaret M. Blair, Cynthia A. Williams, Li-Wen Lin

Cynthia A. Williams

In this article we examine the rapid emergence and expansion of a private-sector compliance and enforcement infrastructure that we believe may increasingly be providing a substitute for public and legal regulatory infrastructure in global commerce, especially in developing countries where rule of law is weak and court systems are absent or inadequate. This infrastructure is provided by a proliferation of performance codes and standards, and a rapidly-growing global army of privately-trained and authorized inspectors and certifiers that we call the "third-party assurance industry." The growth in the third party assurance business has been phenomenal in the last decade. The business …