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Tag: accountability

The Illusory Promise of Stakeholder Governance

By Lucien Bebchuk and Roberto Tallarita

Abstract Corporate purpose is now the focus of a fundamental and heated debate, with rapidly growing support for the proposition that corporations should move from shareholder value maximization to “stakeholder governance” and “stakeholder capitalism.” This Article critically examines the increasingly influential “stakeholderism” view, according to which corporate leaders should give weight not only to the…

Jul 2020

Harnessing Law and Economics to Disincentivize Corporate Misbehavior

Zachary Henderson, Law Clerk, Seventh Circuit Court of Appeals

Top-level executive compensation has increased by over 1000% over the past four decades and is now primarily based on a corporation’s market performance. The size and number of corporations is also at an all-time high, and corporate misbehavior has never been so profitable for the small handful of executives at the helms of the world’s…

May 2020

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