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Full-Text Articles in Law
The Sec And The Future Of Corporate Governance, Mark J. Loewenstein
The Sec And The Future Of Corporate Governance, Mark J. Loewenstein
Publications
No abstract provided.
Proxy Reform As A Means Of Increasing Shareholder Participation In Corporate Governance: Too Little, But Not Too Late , Carol Goforth
Proxy Reform As A Means Of Increasing Shareholder Participation In Corporate Governance: Too Little, But Not Too Late , Carol Goforth
American University Law Review
No abstract provided.
Institutions As Relational Investors: A New Look At Cumulative Voting, Jeffrey N. Gordon
Institutions As Relational Investors: A New Look At Cumulative Voting, Jeffrey N. Gordon
Faculty Scholarship
The hostile takeover may have become a receding memory, but the problem that the market in corporate control purported to address nevertheless remains. In a world of imperfect competition, the product, capital, and managerial markets may temporarily indulge suboptimal performance by a firm's managers. As cases such as GM, Sears, American Express, and IBM illustrate, a firm with a substantial franchise and substantial financial reserves can sustain deteriorating economic performance over a significant period, resulting in a long slow slide of economic values. Shareholders and society generally will benefit from a mechanism that replaces the firm's incumbent managers well before …