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The Corporate Contract in Changing Times – Is the Law Keeping Up? | Chicago Scholarship Online
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The Corporate Contract in Changing Times: Is the Law Keeping Up?

Steven Davidoff Solomon and Randall Stuart Thomas

Abstract

Enormous changes are occurring in our capital markets as shareholder activists become increasingly prominent, institutional investors gain power, and capital markets intermediaries such as proxy advisory firms play increasingly important roles. Corporations, and their boards of directors, are also increasingly uncertain how to respond to these new dynamics and adhere to predefined fiduciary duties to stockholders. The uncertainty has led to schizophrenic responses,, including the increasing use of dual-class stock and wholesale corporate governance changes of uncertain validity designed to f ... More

Keywords: Corporate Law, Delaware, Capital Markets, Corporate Contract

Bibliographic Information

Print publication date: 2019 Print ISBN-13: 9780226599403
Published to Chicago Scholarship Online: September 2019 DOI:10.7208/chicago/9780226599540.001.0001

Authors

Affiliations are at time of print publication.

Steven Davidoff Solomon, editor
University of California, Berkeley

Randall Stuart Thomas, editor
Vanderbilt Law School