Company Law

The First Amendment and the Business Corporation

By Ronald J. Colombo
Oxford University Press USA October 2014

Specifications

ISBN-13
9780199335671
Publisher
Oxford University Press USA
Publication
October 2014
Format
Hardback , 256 pages
Jurisdiction
U.S. ? Countri(es) for reference only

Details

  • Explores the means by which the debate over the First Amendment rights of business corporations can be resolved
  • Examines constitutional law in light of corporate theory, and corporate theory in light of constitutional law
  • Methodically organized to easily guide the reader through the book's premise
  • Copiously sourced to facilitate further reading and research

The role of the business corporation in modern society is a controversial one. Some fear and object to corporate power and influence over governments and culture. Others embrace the corporation as a counterweight to the State and as a vehicle to advance important private objectives. A flashpoint in this controversy has been the First Amendment to the U.S. Constitution, which enshrines the fundamental rights of freedom to speech, religion, and association. The extent to which a corporation can avail itself of these rights goes a long way in defining the corporation's role. Those who fear the corporation wish to see these rights restricted, while those who embrace it wish to see these rights recognized. 

The First Amendment and the Business Corporation explores the means by which the debate over the First Amendment rights of business corporations can be resolved. By recognizing that corporations possess constitutionally relevant differences, we discover a principled basis by which to afford some corporations the rights and protections of the First Amendment but not others. This is critically important, because a "one-size-fits-all" approach to corporate constitutional rights seriously threatens either democratic government or individual liberty. Recognizing rights where they should not be recognized unnecessarily augments the already considerable power and influence that corporations have in our society. However, denying rights where they are due undermines the liberty of human beings to create, patronize, work for, and invest in companies that share their most cherished values and beliefs.

Readership: Professors and students of constitutional law; professors and students of corporation law; corporate executives, and other business professionals; policymakers; jurists; attorneys.

Table of Contents

Acknowledgments
Introduction
Chapter One: Associations and Freedom
Chapter Two: The Modern Business Corporation
Chapter Three: The Post-Modern Business Corporation
Chapter Four: Corporate Personhood, Rights, and Responsibilities
Chapter Five: The First Amendment: Background
Chapter Six: The First Amendment: Freedom of Speech
Chapter Seven: The First Amendment: Freedom of Religion
Chapter Eight: The First Amendment: Freedom of Association
Chapter Nine: A Taxonomy of the Corporation
Chapter Ten: The Problem of Discrimination
Conclusion
Index

About the Author

Ronald J. Colombo is Assistant Dean for Academic Affairs and Professor of Law at Hofstra University School of Law. He teaches courses in corporate, securities, and contract law. Professor Colombo previously served as vice president and counsel in the Complex Global Litigation Group of Morgan Stanley & Co., Inc. He also practiced as a litigation associate at the New York office of Sullivan & Cromwell, and he also served on the Committee on Professional and Judicial Ethics of the Association of the Bar of the City of New York. He clerked for Judge Jerry E. Smith of the U.S. Court of Appeals for the Fifth Circuit. Professor Colombo's scholarship has earned him the Stessin Prize for Outstanding Scholarly Publication, and has garnered him invitations to address the Gruter Institute for Law and Behavioral Research, the Notre Dame School of Law, and many other venues.

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