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Full-Text Articles in Law
The Stakeholder Principle, Corporate Governance, And Theory: Evidence From The Field And The Path Onward, P.M. Vasudev
The Stakeholder Principle, Corporate Governance, And Theory: Evidence From The Field And The Path Onward, P.M. Vasudev
Hofstra Law Review
This article provides an overview of the development of the stakeholder idea in corporate governance, and presents the results from a survey of the American, British and Canadian corporations included in the Fortune 500 Global Corporations (2009) for their adoption of thestakeholder principle. The survey finds near-unanimous acceptance of the stakeholder vision. 97 percent of the US, UK, and Canadian companies included in the survey acknowledge the stakeholder principle in some form. The trend of adoption of the stakeholder model is unmistakable, and this has significant implications for corporate theory. The article also examines how the emerging ideas about stakeholders …
Corporate Defense Law For Dispersed Ownership, Nicholas L. Georgakopoulos
Corporate Defense Law For Dispersed Ownership, Nicholas L. Georgakopoulos
Hofstra Law Review
The Delaware law regarding defensive tactics has a consistent and unnoticed undercurrent: it favors defenses against attacks that would concentrate corporate ownership. Similar trends seem to be developing in European merger and acquisition law, but they have a different flavor. Europe tries to foster dispersed ownership by discouraging defenses because it starts from an environment of concentrated ownership. Professor Georgakopoulos argues that pursuit of dispersed ownership is justified from an economic perspective and that defenses are intimately related with dispersed ownership. The "semi-entrenched" control that Delaware provides and that firms consistently choose in IPO's and prefer compared to golden parachutes …
The Legality And Utility Of The Shareholder Rights Bylaw, Jonathan R. Macey
The Legality And Utility Of The Shareholder Rights Bylaw, Jonathan R. Macey
Hofstra Law Review
No abstract provided.