The Social Responsibility of Boards of Directors and Stockholders in Change of Control Transactions: Is There Any "There" There?

Author: Strine, Leo E., Jr.
Product Type: Journal Articles
Source: Southern California Law Review, Volume 75, Issue 5.
Publication Year: 2002

[This document has not yet been rated] 1496 views

It is, of course, trite to observe that American corporation law has long struggled with a fundamental question: what is the purpose of the corporation? Is the aim of the corporation simply to maximize the wealth of its current stockholders? Or is the corporate purpose broader, taking into account the interests of other contributors to corporate success, such as its employees, the communities in which its facilities operate, and the nation in which it is chartered?

Click here for more