The Social Responsibility of Boards of Directors and Stockholders in Charge of Control Transactions: Is There Any 'There' There?

19 Pages Posted: 22 Nov 2014 Last revised: 24 Nov 2014

See all articles by Leo E. Strine

Leo E. Strine

Government of the State of Delaware - Supreme Court of Delaware; Harvard Law School; University of Pennsylvania Law School

Date Written: 2002

Abstract

In this speech, Vice Chancellor Strine analyzes a corporate law hypothetical that (1) raises some of the tough ethical choices that must be made by legislators and judges forging the Delaware corporation law; (2) is designed to stimulate thought about the social role of the corporation in our society, and to raise questions about the extent to which corporation law can wish away the difficult moral choices that corporate boards and stockholders often face, simply by creating doctrinal boxes in which real-world moral concerns are thought to be of no relevance; and (3) presents a challenge to those scholars who have embraced an optimistic view of the extent to which Delaware corporation law protects the interests of rank-and-file employees and communities affected by the fate of American corporations.

Suggested Citation

Strine, Leo E., The Social Responsibility of Boards of Directors and Stockholders in Charge of Control Transactions: Is There Any 'There' There? (2002). Southern California Law Review, Vol. 75, P. 1169, 2002. Available at SSRN: https://ssrn.com/abstract=2528676

Leo E. Strine (Contact Author)

Government of the State of Delaware - Supreme Court of Delaware ( email )

820 N. French Street
P.O. Box 1997
Wilmington, DE 19801
United States

Harvard Law School ( email )

1563 Massachusetts Ave
Cambridge, MA 02138
United States

University of Pennsylvania Law School ( email )

3501 Sansom Street
Philadelphia, PA 19104
United States

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