A few years ago -- around the time of the 2010
Citizens United decision -- I was thinking about "corporate
citizenship" and corporate " speech ."
These ideas don't make sense to me. Corporations are a legal construct --
We've heard a lot about " Shareholder
Spring " this year - the idea that this proxy season shareholders were
actively standing up and forcing changes in the boardroom. Some of this is
attributed to Dodd-Frank and a mandatory say-on-pay...
Baruch Lev is a world class thinker on accountancy and
corporate operational matters. I have long admired his work and am very
much taken with his new book. Writing
from the view of corporate management, he recognizes the legitimacy of
Over the last several months I took some time to look at
several Corporate Governance concepts that I found confusing or inapt. I
heard from a lot of you and there was some interesting discussion. What
are we to make of it? So many of the foundational...
Since the passage of Dodd-Frank, in the summer of 2010,
there has been a constant drumbeat from representatives of the corporate
community, particularly the Business Roundtable and the U.S. Chamber of
Commerce, regarding the need for an increased level...
"What is of more concern
to shareholders is that it looks like C.E.O. pay is recovering faster than
company fortunes," said Paul Hodgson, chief communications officer for
GovernanceMetrics International, a ratings and research firm ("...
American corporations today are like the great European
monarchies of yore: They have the power to control the rules under which they
function and to direct the allocation of public resources. This is not a
prediction of what's to come; this is...