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On The Role And Regulation Of Private Negotiations In Governance, Joseph W. Yockey
On The Role And Regulation Of Private Negotiations In Governance, Joseph W. Yockey
Joseph W. Yockey
Developments in corporate law continue to give shareholders greater levels of power over public companies. Instead of using their power to seek changes within firms through such traditional means as proxy contests and litigation, shareholders are increasingly relying on private negotiations with directors as a key component of their governance activities. Regulations enacted in response to the recent financial crisis will likely trigger even more widespread use of negotiations in the years to come. In this Article, I analyze the legal and policy implications generated by the use of private negotiations as a means of corporate governance. I make two …