China's securities markets are unlike those of Amsterdam, London or New York. Those markets evolved over centuries from myriad interactions among those seeking finance on the one hand and savers seeking rewarding investments on the other. Such spontaneous securities markets did emerge throughout...

China's securities markets are unlike those of Amsterdam, London or New York. Those markets evolved over centuries from myriad interactions among those seeking finance on the one hand and savers seeking rewarding investments on the other. Such spontaneous securities markets did emerge throughout...

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...

China's securities markets are unlike those of Amsterdam, London or New York. Those markets evolved over centuries from myriad interactions among those seeking finance on the one hand and savers seeking rewarding investments on the other. Such spontaneous securities markets did emerge throughout...

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,...