In this commentary, the authors examine the role of Smith v. Van Gorkom as part of a continuum of Delaware judicial decisions that gives insufficient weight to the substantive policy judgments underlying the gross negligence standard of review that governs whether corporate directors should be...

The past two decades have witnessed a vigorous continuation of the long-standing debate about the proper role of the corporation in our society. Recently, that debate has centered on the question of who -- the directors or the stockholders -- should have the ultimate power to decide whether the...

This essay is written for an audience comprised importantly of European scholars with an interest in comparative corporation law and governance. It is written by an American whose work has not been that of a scholar, but that of a judge. As a judge I, if I may switch to a personal voice,...

PROFESSOR HAMERMESH: I'm here for the limited purpose of introducing the person here to introduce our keynote speaker. We're privileged to have Lieutenant Governor Ruth Minner with us at this seminar to welcome you and to welcome our keynote speaker. And without further ado, I'll turn the podium...

China’s economic boom over the last two decades has taken many analysts by surprise, given the ongoing role of central government planning. Its current growth trajectory suggests that the size of its economy could soon surpass that of the United States. Some argue that continued growth and the...