Nobel Laureate in Economics for 2016, Oliver Hart, and economist Luigi Zingales recently published an article justifying companies' pursuit of social objectives at the expense of profits from within the shareholder primacy framework. This Essay highlights an important consequence of this...

Do corporations increase inequality? Rising inequality of income and wealth has recently been linked to corporate governance, but closer analysis is still developing. This article provides a conceptual grammar to understand the problem. Which ‘significantly distributive rules' affect the...

A central issue in corporate governance is who elects the directors of FTSE100 or other large companies? Who gets the votes in our economy? This matters because, if unaccountable and in charge of 'other people's money', directors and institutional shareholders can be prone, as Adam Smith once...

The stakeholder vision has emerged as an influential stream in corporate governance. In the English-speaking world, Canada was the pioneer in introducing a regulatory stakeholder regime. This article examines the Canada Business Corporations Act (CBCA) for its concern for non-shareholder groups,...

The current debate over shareholder access to the issuer's proxy for the purpose of making director nomination is both overstated in its importance and misses the serious issue in question. The Securities Exchange Commission's new e-proxy rules, which permit reliance on proxy materials posted on...

What explains the election for the 45th President of the United States? Many commentators have said that Trump is a fascist. This builds on grave concern, since Citizens United, that democracy is being corrupted. This article suggests the long term cause, and the shape of ideology is more...

Embraced by US managers in the 1980s as a lifeline in a sea of hostile takeovers, the poison pill fundamentally altered the trajectory of American corporate governance. When a hostile takeover wave seemed imminent in Japan in the mid-2000s, Japanese boards appeared to embrace this American...

A number of recent corporate law scandals (including the Wells Fargo fraudulent accounts scandal, the Volkswagen emissions scandal, sexual harassment claims at Fox News and CBS, and various banking scandals currently under investigation in a high profile Australian Royal Commission) epitomize...

Distributed ledger technology enables disruption of traditional business organizations by introducing new business entities without the directors and officers of traditional corporate entities. Although these emerging entities offer intriguing possibilities, distributed entities may suffer...