The Delaware Way: How We Do Corporate Law and Some of the New Challenges We (and Europe) Face

24 Pages Posted: 31 Mar 2006

See all articles by Leo E. Strine, Jr.

Leo E. Strine, Jr.

Wachtell, Lipton, Rosen & Katz; University of Pennsylvania Carey Law School; Harvard Law School Forum on Corporate Governance

Abstract

In this article, originally addressed to the European Policy Forum, Vice Chancellor Strine provides an overview of Delaware's approach to corporate law and identifies some of the challenges that approach now faces. These challenges include: the potential threat to economic efficiency that might result if the federal government further expands its role in corporate governance; the difficulties presented by the increasing separation of capital from capital, i.e., the reality that more and more of the stock of operating corporations is held by institutional investors, whose interests are not entirely aligned with those of the individuals whose capital they control; and, finally, the pressures that globalization presents not only for the United States, but for all advanced liberal democracies, seeking to preserve the societal benefits obtained through the corporate form in their humane approach to capitalism while simultaneously seeking to include the developing nations in an international market for goods and services.

Keywords: Delaware, Journal, Corporate, Law, challenges, globalization, international, Europe

Suggested Citation

Strine, Jr., Leo E., The Delaware Way: How We Do Corporate Law and Some of the New Challenges We (and Europe) Face. Delaware Journal of Corporate Law, Vol. 30, No. 3, pp. 673-696, 2005, Available at SSRN: https://ssrn.com/abstract=893940

Leo E. Strine, Jr. (Contact Author)

Wachtell, Lipton, Rosen & Katz ( email )

51 W 52nd St
New York, NY 10019
United States
212-403-1178 (Phone)

University of Pennsylvania Carey Law School ( email )

Philadelphia, PA
United States

Harvard Law School Forum on Corporate Governance ( email )

1563 Massachusetts Avenue
Cambridge, MA 02138
United States

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
1,179
Abstract Views
4,183
Rank
33,236
PlumX Metrics