GM’s Mary Barra, AT&T’s Randall Stephenson, Amazon’s Jeff Bezos, and GE’s Larry Culp all signed on to the Business Roundtable’s “fundamental commitment to all of our stakeholders” but then …. https://t.co/oQqto0DqGG #corpgov ht @VonyaGlobal
— Stefan Padfield (@ProfPadfield) January 2, 2020
“‘Compelled disclosure of affiliation w/ groups engaged in advocacy,’ the Court ruled in a case in which AL tried to force the NAACP to disclose the names & addresses of its supporters, ‘may constitute as effective a restraint on freedom of association’ as .. censorship” #corpgov https://t.co/hZfRl5bihO
— Stefan Padfield (@ProfPadfield) January 7, 2020
“While in common lore the exit strategy is an initial public offering (IPO), in practice IPOs are increasingly rare. Most companies that succeed instead exit the market by merging with an existing firm.” https://t.co/bFxuQp30RM #corpgov
— Stefan Padfield (@ProfPadfield) January 8, 2020
“Court finds parties’ contractual agreement to submit questions of arbitrability to an arbitrator does not preclude judicial authority to enjoin arbitration of claims that collaterally attack a prior arbitration award.” #corpgov https://t.co/A2WBmbEQqI
— Stefan Padfield (@ProfPadfield) January 3, 2020
“Although benefit corps were developed to overcome the SH wealth max norm, it is not fair to say that they also overcome SH primacy. Properly understood, benefit corps are SH-centric: they exist to allow SHs to pursue altruistic goals …” https://t.co/Sc8iPgoo51 #corpgov #socent
— Stefan Padfield (@ProfPadfield) January 6, 2020