Corporate Governance
Corporations Are Not “We the People”
The Citizens United ruling contradicts the Founders, decades of Supreme Court precedent and the will of the American people.
There is nothing in the text...
Event Notes: Whose Business is Health?
On Oct.14, the Hopkins Business of Health Initiative hosted a panel discussing if and how companies should consider the health implications of their products....
Is Big Business Ungovernable?
Regulators should dedicate more resources to pursuing big cases against the biggest market actors, even if it means compiling far fewer enforcement actions annually....
Have Business Roundtable Companies Lived Up to Their Stakeholder Commitments?
In 2019, more than 100 CEOs of US public companies signed a Business Roundtable statement in which they pledged to deliver value to all...
How Enlightened is Enlightened Shareholder Value?
There has been growing support for replacing the traditional corporate purpose with so-called “enlightened shareholder value,” which would guide firms to consider stakeholder interests...
Are “Bankruptcy Directors” Bad for Creditors?
A new paper studies the rise of so-called “bankruptcy directors,” typically former bankruptcy lawyers, investment bankers, or distressed debt traders who join corporate boards...
Should ESG-Driven Investors and Stakeholders Divest or Engage? A Stigler Center/Rustandy Center Panel Explores
Should investors and stakeholders who wish to influence companies to promote desirable social and environmental outcomes focus on actions like divestment and boycotts (exit),...
Max Oversight Duties: How the Boeing Case Signifies a Shift in Corporate Law
Why did regulation, corporate governance, and fear of repetitional harm fail to prevent the Boeing 737 Max debacle from happening? A new paper explores...
How the Covid-19 Pandemic Put Corporate Stakeholder Promises to the Test
Prior to the outbreak of Covid-19, corporate leaders pledged to look after all stakeholders, not just deliver value to shareholders. Did they live up...
Elizabeth Holmes Is the Exception: More Women on Boards Lead to Less Corporate Wrongdoing
The so-called “opportunity theory” suggests that women are statistically underrepresented in white-collar offenses because they are underrepresented in higher corporate echelons. A forthcoming paper...
