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The Peter A. Allard School of Law
Disruptive innovation; corporate governance; corporate law; social enterprises; social value; corporate social responsibility; for-profit corporation; non-profit organization
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Disruptive Innovation And The Global Emergence Of Hybrid Corporate Legal Structures, Carol Liao
Disruptive Innovation And The Global Emergence Of Hybrid Corporate Legal Structures, Carol Liao
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There is considerable legal scholarship focused on reforming the shareholder primacy model of governance embodied within the modern day corporation. While these efforts are worthwhile and must continue, there are certain ideological and practical limitations that make true reformation of this model difficult. It is important, therefore, that in the midst of ongoing efforts, one does not lose sight of available alternatives.
This article promotes a novel perspective that does not spring from traditional-style efforts of corporate reform, but rather, on how a growing trend in corporate law may create 'disruptive innovations' in the marketplace and foster an environment where …