This symposium paper critically evaluates the developing 'Post-Shareholder-Value' ('PSV') paradigm in corporate governance scholarship and practice, with particular reference to Professor Colin Mayer's influential theory of the corporation as a unique long-term "commitment device". The paper's...

This chapter outlines some of the leading corporate theories and their impact on the recognition, basic setup, and justification of corporate liability. Traditionally, corporate theory revolved around the dichotomy between the fictional or real nature of legal entities, a discussion which,...