“It is clear, however, that shareholders do not have a right to show up at a special meeting and put forth a resolution as to matters, the general nature of which was not included in the notice of meeting.” #corpgov https://t.co/sd1XyoWO4h
— Stefan Padfield (@ProfPadfield) November 11, 2019
“growing number of CSR claims, whether founded or not, creates difficulties for stakeholders in distinguishing between truly positive business performance and companies that only appear to embrace a model of sustainable development” https://t.co/GCxbA2mUJ9 #corpgov #socent
— Stefan Padfield (@ProfPadfield) November 7, 2019
Can “a board of a traditional Delaware corporation defend a decision not to outsource jobs & pay higher wages to reduce income inequality, while openly admitting that such policies will actually reduce stockholder value by reducing corporate profits?” No. [Cue “they can if ….”] https://t.co/r2ielxknhZ
— Stefan Padfield (@ProfPadfield) November 8, 2019
“Imagine if FB were in the business of approving … candidate claims about … the efficacy of climate-change policy.”; “FB could ban political ads altogether” but that “could favor incumbent politicians with large followings.” https://t.co/laZU4eOFAV #corpgov
— Stefan Padfield (@ProfPadfield) November 8, 2019
“I’d always have this vague hunch that things like sunk cost bias and, indeed, loss aversion, under certain circumstances couldn’t really be described as a bias–because, first of all, evolution would have corrected them surely if they’d been that consistently bad.” #corpgov https://t.co/Z2Emwx9NRh
— Stefan Padfield (@ProfPadfield) November 11, 2019