“the case for bifurcating limited liability company (‘LLC’) law depending on LLC owners’ projected sophistication” Peter Molk, More Ways to Protect LLC Owners and Preserve LLC Flexibility, 51 U.C. Davis L. Rev. Online 181, 183 (2018) #corpgov

— Stefan Padfield (@ProfPadfield) July 10, 2018

“substantial impediments to meaningful social return remain because the beneficiaries of benefit corporations’ social missions have no rights to influence corporate decision making–the ‘separation of benefit and control.'” 39 Cardozo L. Rev. 1783 #corpgov #socent

— Stefan Padfield (@ProfPadfield) July 10, 2018

“how should we conceptualize & regulate new forms of concentrated private power…when…firms control the terms of access to vital services…?” The New Utilities: Private Power, Social Infrastructure, & the Revival of the Public Utility Concept, 39 Cardozo L. Rev. 1621 #corpgov

— Stefan Padfield (@ProfPadfield) July 10, 2018

“corporate charter competition … is capable of generating only one result: deregulation. What remains of corporate law is not regulation, but mere obfuscation…. The only solution …: abandon the internal affairs doctrine” LoPucki, 102 Minn. L. Rev. 2101 #corpgov

— Stefan Padfield (@ProfPadfield) July 10, 2018

“We’ve heard over and over that the SEC hates cases implicating a large number of firms in wrong-doing. Such cases … challenge a core ideological assumption of the SEC, which is that wrong-doing is a problem of ‘a few bad apples'” https://t.co/Bi7GjpMIm0 #corpgov ht @AnnMLipton

— Stefan Padfield (@ProfPadfield) July 10, 2018