“in the United Kingdom there is now an express inclusion of the duty of a director to consider “long-term consequences of decisions” as part of acting in a way that benefits shareholders as a whole”
8 Mich. Bus. & Entrepreneurial L. Rev. 1 #corpgov— Stefan Padfield (@ProfPadfield) February 10, 2019
“Freedom of thought and speech are the essence of the American experiment. That the First Amendment protects both offensive thought and speech is the price of democracy.”
79 La. L. Rev. 419 #corpgov— Stefan Padfield (@ProfPadfield) February 10, 2019
blockchain systems: “the term ‘decentralized’ … functions as a liability shield for those operating the systems … creating … a ‘Veil of Decentralization’ and giving a core benefit of organizational law … without accompanying obligations” https://t.co/nCk7S82oXd #corpgov
— Stefan Padfield (@ProfPadfield) February 8, 2019
“the law requires certain publicly traded companies with their principal executive offices in California to have at least one female director…. I have come across two proxy statements discussing California’s new law.” https://t.co/eoQ8FfaZQY #corpgov ht @AnnMLipton
— Stefan Padfield (@ProfPadfield) February 12, 2019
“United Paperworkers Intern. Union v. Intl. Paper Co., 985 F.2d 1190, 1198 (2d Cir. 1993) … held that any shareholder (not just the proponent) could bring a 14a-9 suit where management’s response to a shareholder proposal put forward under Rule 14a-8 was fraudulent.” #corpgov https://t.co/zR1ZYkSCNa
— Stefan Padfield (@ProfPadfield) February 9, 2019