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Full-Text Articles in Law
The Constitution, Citizenship, And Corporations – A Critical Look At Citizens United V. Fec, P M Vasudev
The Constitution, Citizenship, And Corporations – A Critical Look At Citizens United V. Fec, P M Vasudev
Palladam M Vasudev
“Associations of citizens” is a phrase the US Supreme Court used in Citizens United v. Federal Election Commission (2010) to refer to corporations. This notion was, apparently, an important element in shaping the Supreme Court’s judgment that permitted corporations to participate in the democratic process through campaign funding. Presumably, the “citizens” the court had in mind are the shareholders of corporations. Treating corporations as citizens in the collective, the Supreme Court upheld their political rights, and there is evidence of disquiet with the decision in Citizens United. My article examines the Supreme Court’s characterization of corporations as associations of citizens …
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
Palladam M Vasudev
The article provides an overview of the development of the stakeholder idea, 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 the stakeholder 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 and the …