Corporate Friction
How Corporate Law Impedes American Progress and What to Do about It
- Author: David Yosifon, Santa Clara University School of Law
- Date Published: May 2018
- availability: Available
- format: Paperback
- isbn: 9781316637173
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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.
Read more- Explains how our existing corporate law causes corporations to behave in socially irresponsible ways
- Articulates reforms to make corporations more socially responsible
- Reviews and deepens sophisticated corporate law debates in a readable and pleasing prose style
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×Product details
- Date Published: May 2018
- format: Paperback
- isbn: 9781316637173
- length: 220 pages
- dimensions: 228 x 150 x 12 mm
- weight: 0.32kg
- availability: Available
Table of Contents
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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