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Series

Business Law, Public Responsibility, and Ethics

Corporate governance

2012

Articles 1 - 2 of 2

Full-Text Articles in Law

The Destructive Ambiguity Of Federal Proxy Access, Jill E. Fisch May 2012

The Destructive Ambiguity Of Federal Proxy Access, Jill E. Fisch

Faculty Scholarship at Penn Law

After almost seventy years of debate, on August 25, 2010, the SEC adopted a federal proxy access rule. This Article examines the new rule and concludes that, despite the prolonged rule-making effort, the new rule is ambiguous in its application and unlikely to increase shareholder input into the composition of corporate boards. More troubling is the SEC’s ambiguous justification for its rule which is neither grounded in state law nor premised on a normative vision of the appropriate role of shareholder nominations in corporate governance. Although the federal proxy access rule drew an unprecedented number of comment letters and ...


Agency And The Ontology Of The Corporation, Christopher M. Bruner Jan 2012

Agency And The Ontology Of The Corporation, Christopher M. Bruner

Scholarly Works

No abstract provided.