“A proposed Labor Department regulation released Monday could make it more difficult for a worker to claim to have two employers, a move that would likely limit liability for franchised brands and companies that use staffing firms.” https://t.co/KAD4TFpItO #corpgov pic.twitter.com/h1e8l9nodx
— Stefan Padfield (@ProfPadfield) April 5, 2019
“Unlike statutes authorizing benefit corporations … no one has articulated a legal justification for benefit LLCs. Indeed, no plausible legal justification can be articulated.” Mohsen Manesh, Introducing the Totally Unnecessary Benefit LLC, 97 N.C. L. Rev. 603 #corpgov #socent
— Stefan Padfield (@ProfPadfield) April 7, 2019
“Some legal scholars—skeptics—question the conventional wisdom that corporations failed to provide adequate information to prospective investors before the passage of the Securities Act of 1933 …. primary-source documentation strongly suggests [otherwise]” #corpgov https://t.co/m9b1DtXl5l
— Stefan Padfield (@ProfPadfield) April 4, 2019
“Almost a decade ago, the ‘benefit corporation’ made its first appearance on American soil…. contrary to … predictions …, the benefit corporation has not, apparently, resulted in much change at all.” https://t.co/LjNBA1bEwz #corpgov #socent
— Stefan Padfield (@ProfPadfield) April 4, 2019
“All five of the world’s largest companies by market capitalization are former venture-backed technology startups…. Longstanding theories of corporate ownership and governance do not capture the special features of startups.” https://t.co/NrsvZVgeyv #corpgov
— Stefan Padfield (@ProfPadfield) April 4, 2019