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Fiduciary duties are often today held out as typical instruments of shareholder protection in the common law of both … law conducive to good capital market development. However, fiduciary duties in these two jurisdictions often operate in … only in the US fiduciary duties are typically enforced by the courts, whereas in the UK, corporate law enforcement is …
Persistent link: https://www.econbiz.de/10012854910
This thesis explores whether independent directors in the USA and Canada are effective in holding management accountable by: (1) analyzing how the policy of relying on independent directors developed and operates; (2) introducing the main theoretical critiques of independent directors'...
Persistent link: https://www.econbiz.de/10012991902
problems between owners and managers, controlling and non-controlling shareholders, and shareholder and stakeholder … corporate control is known as a removal strategy that alleviates the agency problem between owners and managers of potential …
Persistent link: https://www.econbiz.de/10013239424
This chapter explores the extent of contractual freedom to opt out of fiduciary duties and liabilities in U.S. and U … (particularly in Delaware). One cannot comprehensively declare that U.S. law universally deviates further from the "fiduciary …
Persistent link: https://www.econbiz.de/10012948806
industry regulation on giving and controls for state philanthropy laws and fiduciary responsibility laws. -- Corporate …
Persistent link: https://www.econbiz.de/10003287142
In recent years, increasing attention has focused on the influence of gender and racial diversity on boards of directors. Sixteen countries now require quotas to increase women's representation on boards, and many more have voluntary quotas in corporate governance codes. In the United States,...
Persistent link: https://www.econbiz.de/10009506954
-election to express displeasure over the directors' ineffectiveness at monitoring managers. In a sample of securities class …
Persistent link: https://www.econbiz.de/10009772336
We investigate the relationship between the presence of former member of the U.S. Congress on corporate boards and fraud enforcement. We find that corporate fraud in companies with such members on the board stays undetected longer. When caught, such companies pay lower penalties. The appointment...
Persistent link: https://www.econbiz.de/10012890383
This article argues that workers should have representation on corporate boards of directors and explores the policy choices available in the U.S. context achieve the goal of worker representation. Effectively implementing such a reform requires consideration of key issues, including: how many...
Persistent link: https://www.econbiz.de/10012860407
Persistent link: https://www.econbiz.de/10003612335