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What responsibility, if any, does a corporation have to society? How should corporations balance environmental, social, and governance factors? The Profit Motive addresses these questions of corporate purpose using historical, legal, and economic perspectives. Stephen M. Bainbridge enters the debate around corporate social responsibility to mount an unabashed defense of shareholder capitalism and maximizing shareholder value. The book offers c...

Corporations dominate our economy and society. Defining their social purpose thus matters a great deal to everyone, not just lawyers and businesspeople. In clear and accessible language, Bainbridge explains that shareholder capitalism-not stakeholder capitalism-is both what the law requires and what the law ought to require"--

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Traditionally, corporate law was the province of the states. Today, however, the federal government is increasingly engaged in corporate governance regulation. The changes examined in this work provide a series of case studies in which to explore the question of whether federalization will lead to better outcomes. The author analyzes these changes in the context of corporate governance, executive compensation, corporate fraud and disclosure, s...

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This book is aimed at corporate lawyers, academics, regulators, and judges. The leading corporate practitioners and academics who have contributed essays to this volume provide sophisticated analyses of what makes Delaware the leading source of corporate law and the challenges that Delaware faces from other states and the federal government.

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This book - a revolutionary approach to corporate boards - will appeal to anyone interested in the law, theory, and practice of governance. It is written not just for academics and policymakers, but also for the general public. The authors propose that businesses, rather than individuals, be permitted to serve as corporate boards.

The authors propose that corporations be able to hire other corporations to provide board services.

This casebook embodies the conviction that theoretical and practical legal education are complementary and no more so than in the setting of M&A, transactions, where corporate lawyers are regularly called upon to draw on their substantive knowledge of the law to advise clients on how best to effectuate their business objectives.