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Corporate Friction: How Corporate Law Impedes American Progress and What to Do about It

Corporate Friction: How Corporate Law Impedes American Progress and What to Do about It

Name: Corporate Friction: How Corporate Law Impedes American Progress and What to Do about It
Brand: Cambridge University Press
SKU: 9781107186408
Price: 1311.44 HKD
Availability: InStock
Author: David Yosifon
ISBN: 9781107186408

By David Yosifon

Cambridge University Press June 2018

Specifications

ISBN-13: 9781107186408
Publisher: Cambridge University Press
Publication: June 2018
Format: Hardback
Jurisdiction: U.K. ? Countri(es) for reference only

Details

Corporate law in the United States requires directors to manage firms in the interests of shareholders, which means never sacrificing profits in service of other stakeholders or interests. In this timely, groundbreaking book, David Yosifon argues that this rule of 'shareholder primacy' is logically, ethically, and practically unsound, and should be replaced by a new standard that compels directors of our largest corporations to manage firms in a socially responsible way.

In addition to summarizing existing debates on the issue - and giving special attention to the Supreme Court's decision in Citizens United - Yosifon explores the problem of corporate patriotism and develops a novel approach to the relationship between corporate law and consumer culture. The book's technical acumen will appeal to experts, while its engaging prose will satisfy anyone interested in what our corporate law does, and what it should do better.

Introduction

1. Apologies for our system

2. Critique of shareholder primacy

3. The Citizens United gambit in corporate theory

4. The actual law of corporate purpose

5. Corporate patriotism

6. Corporate law and the confusion of consumer culture

7. Foreign models of corporate governance

8. A socially responsibly corporate governance standard

Conclusion.

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