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Corporate Friction - How Corporate Law Impedes American Progress and What to Do about It (Hardcover)
Loot Price: R2,640
Discovery Miles 26 400
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Corporate Friction - How Corporate Law Impedes American Progress and What to Do about It (Hardcover)
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Corporate law in the United States requires directors to manage
firms in the interests of shareholders, which means never
sacrificing profits in service of other stakeholders or interests.
In this timely, groundbreaking book, David Yosifon argues that this
rule of 'shareholder primacy' is logically, ethically, and
practically unsound, and should be replaced by a new standard that
compels directors of our largest corporations to manage firms in a
socially responsible way. In addition to summarizing existing
debates on the issue - and giving special attention to the Supreme
Court's decision in Citizens United - Yosifon explores the problem
of corporate patriotism and develops a novel approach to the
relationship between corporate law and consumer culture. The book's
technical acumen will appeal to experts, while its engaging prose
will satisfy anyone interested in what our corporate law does, and
what it should do better.
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