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ICYMI: #corpgov Midweek Roundup (Aug. 8, 2018)

By Stefan J. Padfield on August 8, 2018

[corrected link] “The Delaware Sustainability Act, which is the first of its kind in the United States, represents Delaware’s effort to support the sustainability initiatives of its corporate citizens.” https://t.co/t2kpuNUGkU #corpgov

— Stefan Padfield (@ProfPadfield) August 2, 2018

“11th Circuit says citrus farm was not joint employer of migrant workers” https://t.co/gn3VnA5F4U #corpgov

— Stefan Padfield (@ProfPadfield) August 3, 2018

“this Article … shows that higher CEO pay is associated with higher firm value, especially in firms with a staggered board” https://t.co/fSijtySWsT #corpgov

— Stefan Padfield (@ProfPadfield) August 3, 2018

“Google announced in June that it would not participate in a US military program …. This week it … is attempting to reintroduce its … search engine into China, albeit w/ censoring and surveillance filters demanded by the Chinese government.” https://t.co/raeayGHhx2 #corpgov

— Stefan Padfield (@ProfPadfield) August 3, 2018

“When we control for variables affecting both value and the incidence of a staggered board in a sample of up to 2961 firms from 1990 to 2013 we find the effect of a staggered board on firm value becomes statistically insignificant.” https://t.co/fc4lgdSl5a #corpgov

— Stefan Padfield (@ProfPadfield) August 7, 2018

Did Elon Musk just invite a big lawsuit? “If funding is secured, then it’s a factual statement. But if he can’t prove that, he’s in some danger of a big lawsuit because short sellers will be devastated by this.” https://t.co/5t62wD53Gt #corpgov

— Stefan Padfield (@ProfPadfield) August 8, 2018

“Going private transactions are challenged by a class action while going concern transactions must be vindicated via the derivative mechanism. The divergent … procedures affect both the demand for the MFW framework & the incentive to comply.” https://t.co/b5hRxrYMPU #corpgov

— Stefan Padfield (@ProfPadfield) August 8, 2018

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Photo of Stefan J. Padfield Stefan J. Padfield

Director of the NCPPR’s Free Enterprise Project. Prior experience includes 15+ years as a law professor, two federal judicial clerkships, private practice at Cravath, Swaine & Moore, LLP, and 6 years enlisted active duty (US Army). Immigrant (naturalized).

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