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Full-Text Articles in Law
Guests At The Table?: Independent Directors In Family-Influenced Public Companies, Deborah A. Demott
Guests At The Table?: Independent Directors In Family-Influenced Public Companies, Deborah A. Demott
Faculty Scholarship
No abstract provided.
A Response To The Critics Of Corporate Criminal Liability, Sara Sun Beale
A Response To The Critics Of Corporate Criminal Liability, Sara Sun Beale
Faculty Scholarship
This essay responds to critics of corporate liability and to the claim that elimination or limitation of such liability should be a priority for law reform. It discusses four points. First, imposing criminal liability on corporations makes sense, because corporations are not mere “fictional” entities. Rather, corporations are very real – and enormously powerful – actors whose conduct often causes very significant harms both to individuals and to society as a whole. Second, in evaluating the priorities for law reform it is critical to recognize that most of the problems with corporate liability are endemic to U.S. criminal law, rather …
Conflicts And Financial Collapse: The Problem Of Secondary-Management Agency Costs, Steven L. Schwarcz
Conflicts And Financial Collapse: The Problem Of Secondary-Management Agency Costs, Steven L. Schwarcz
Faculty Scholarship
Corporate governance scholarship has long focused on conflicts of interest between firms and their top executive officers. This Essay contends that increasing leverage and financial complexity make it important for scholars to also focus on conflicts of interest between firms and their secondary managers.