The failure of corporate law : fundamental flaws and progressive possibilities / Kent Greenfield.

Format:

Book

Author/Creator:

Greenfield, Kent.

Language:

English

Subjects (All):

Corporation law--United States.

Corporation law.

Corporate governance--United States.

Corporate governance.

Industrial management--United States.

Industrial management.

Physical Description:

1 online resource (301 p.)

Edition:

1st ed.

Place of Publication:

Chicago : University of Chicago Press, 2006.

Language Note:

English

Summary:

When used in conjunction with corporations, the term "public" is misleading. Anyone can purchase shares of stock, but public corporations themselves are uninhibited by a sense of societal obligation or strict public oversight. In fact, managers of most large firms are prohibited by law from taking into account the interests of the public in decision making, if doing so hurts shareholders. But this has not always been the case, as until the beginning of the twentieth century, public corporations were deemed to have important civic responsibilities. With The Failure of Corporate Law, Kent Greenf

Contents:

September 11 and corporate law

Corporate law as public law

Workers, shareholders, and the purpose of corporations

Corporations and the duty to obey the law

Democracy and the dominance of Delaware

New principles, new policies

Corporate governance as a public policy tool

Workers and corporate fraud

Irrationality and the business judgment rule.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9786611956974

9781281956972

128195697X

9780226306988

0226306984

OCLC:

340961397