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Governing For Sustainable Coasts: Complexity, Climate Change, And Coastal Ecosystem Protection, J.B. Ruhl, Robin K. Craig
Governing For Sustainable Coasts: Complexity, Climate Change, And Coastal Ecosystem Protection, J.B. Ruhl, Robin K. Craig
Vanderbilt Law School Faculty Publications
The world’s coastal ecosystems are among the most complex on Earth, and they are currently being governed unsustainably, by any definition. Climate change will only add to this complexity, underscoring the necessity of finding new ways to govern for these ecosystems’ sustainable use. After reviewing the problems facing coastal ecosystems and innovations in their governance, this article argues that governance of coastal ecosystems must move to place-based adaptive management regimes that incorporate innovative and flexible regulatory mechanisms, such as market-based incentives.
The Role Of Independent Directors In Startup Firms, Brian Broughman
The Role Of Independent Directors In Startup Firms, Brian Broughman
Vanderbilt Law School Faculty Publications
This Article develops a new theory to explain the widespread use of independent directors in the governance of startup firms. Privately held startups often assign a tie-breaking board seat to a third-party independent director. This practice cannot be explained by the existing corporate governance literature, which relies on diffuse ownership and passive investment-features unique to the publicly traded firm. To develop an alternative theory, I model a financing contract between an entrepreneur and a venture capital investor. I show that allocating a tie- breaking vote to an unbiased third party can prevent opportunistic behavior that would occur if the firm …
Climate Change Governance: Boundaries And Leakage, Michael P. Vandenbergh, Mark A. Cohen
Climate Change Governance: Boundaries And Leakage, Michael P. Vandenbergh, Mark A. Cohen
Vanderbilt Law School Faculty Publications
This article provides a critical missing piece to the global climate change governance puzzle: how to create incentives for the major developing countries to reduce carbon emissions. The major developing countries are projected to account for 80% of the global emissions growth over the next several decades, and substantial reductions in the risk of catastrophic climate change will not be possible without a change in this emissions path. Yet the global climate governance measures proposed to date have not succeeded and may be locking in disincentives as carbon-intensive production shifts from developed to developing countries. A multi-pronged governance approach will …