Toward Common Sense and Common Ground? Reflections on the Shared Interests of Managers and Labor in a More Rational System of Corporate Governance
Leo E. Strine Jr.
Government of the State of Delaware - Court of Chancery
Journal of Corporation Law, Fall 2007
U of Penn, Inst for Law & Econ Research Paper No. 07-25
Harvard Law and Economics Discussion Paper No. 585
In this essay, Vice Chancellor Strine reflects on the common interests of those who manage and those who labor for American corporations. The first part of the essay examines aspects of the current corporate governance and economic environment that are putting management and labor under pressure. The concluding section of the essay identifies possible corporate governance initiatives that might - by better focusing stockholder activism in particular and corporate governance more generally on long-term, rather than short-term, corporate performance - generate a more rational system of accountability, that focuses on the durable creation by corporations of wealth through fundamentally sound, long-term business plans.
Number of Pages in PDF File: 40
Keywords: Directors, Boards, Shareholders, Corporate governance, Managers, Corporate elections, Institutional investors, Corporate social responsibility, CSR, Social welfare, Organized labor, Accountability, Durable wealth creation
JEL Classification: D70, G30, G32, G34, G38, K22Accepted Paper Series
Date posted: May 30, 2007
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo3 in 0.433 seconds