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Full-Text Articles in Securities Law
Stalled: Gender Diversity On Corporate Boards, Barbara Black
Stalled: Gender Diversity On Corporate Boards, Barbara Black
Faculty Articles and Other Publications
In this essay, prepared for the University of Dayton College of Law’s Symposium on Perspectives on Gender and Business Ethics: Women in Corporate Governance, held on February 25, 2011, I discuss the lack of progress in achieving gender diversity on corporate boards.
I first review the numbers that demonstrate that progress is stalled, despite the attention and resources devoted to the issue by a number of well-respected organizations, legal scholars and institutional investors. I argue that, because this is an issue of equal opportunity, it is not really necessary to make a business case to justify increased efforts toward board …
Can Behavioral Economics Inform Our Understanding Of Securities Arbitration, Barbara Black
Can Behavioral Economics Inform Our Understanding Of Securities Arbitration, Barbara Black
Faculty Articles and Other Publications
This paper contributes to the ongoing debate over FINRA arbitration by invoking behavioral economics principles to understand why PDAAs in securities arbitration continue to resist powerful market and political forces calling for their elimination.
Part II of the paper sets forth background information to put the issue in context. It first describes several important distinctions between securities arbitration and other forms of consumer arbitration. It next summarizes pertinent economic theory, first classical economic theory in support of PDAAs and then behavioral economics principles that challenge the classical approach.
Part III poses three questions regarding the staying power of PDAAs and …