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Full-Text Articles in Law
The Uneasy Case For Deferring Banker Pay, Eric D. Chason
The Uneasy Case For Deferring Banker Pay, Eric D. Chason
Louisiana Law Review
The article offers information related to banker-pay regulation in the context of overall financial regulation in the U.S. state Louisiana. In mentions that the primary goal of financial regulation is to reduce systemic risk associated with the economic conditions of the state. It mentions that the regulations should be framed for preventing risk associated with extraordinary and external costs of distress of banks and financial firms.
The Duty To Think Strategically, Nadelle Grossman
The Duty To Think Strategically, Nadelle Grossman
Louisiana Law Review
Under Delaware corporate law, directors and officers have a duty to oversee their firm's management of risk to limit losses. Corporate law does not, however, require directors or officers to oversee their firm's management of strategy to create gains. Yet, managing both risk and strategy is essential to a firm in creating value. In fact, as I argue in the Article, the current focus by courts and commentators only on risk management to prevent losses could actually undermine a firm's management of its strategy for gains. I therefore propose a model for how Delaware corporate law can drive firms to …