‘Stakeholderism Crosses Legal Lines’

Aneil Kovvali, ‘Stakeholderism Silo Busting’, 90 University of Chicago Law Review 203 (2023). Those who, like me, spend much of their time focused on corporate law know that over the past decade or so there has been a serious re-examination of the traditional American understanding that corporate directors and officers should focus exclusively on advancing the interests of their shareholders. Many in the field will also be aware of a related debate over the conventional consensus that securities regulation should focus on protecting financial investors. Fewer corporate law scholars, though, may have paid as much attention to questioning within antitrust law of the focus on protecting consumers or within bankruptcy law on protecting creditors … (more)

[Brett McDonnell, JOTWELL, 12 April 2024]

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