Corporate Governance

How To Ensure Industrial Policy Promotes Public Over Private Gain

Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s back in...

The Year’s Top 5 Capitalisn’t Podcast Episodes

This year's top five most-downloaded episodes of Capitalisn't ranged from discussions of private equity and inflation to Capitalism itself. Download these episodes ahead of...

Shareholder Democracy Doesn’t Work. Here’s How It Can.

An opinion piece by Oliver Hart and Luigi Zingales describes how a new voting mechanism could help individual investors persuade companies to act in...

Corporations Are Not “We the People”

The Citizens United ruling contradicts the Founders, decades of Supreme Court precedent and the will of the American people. There is nothing in the text...

Event Notes: Whose Business is Health?

On Oct.14, the Hopkins Business of Health Initiative hosted a panel discussing if and how companies should consider the health implications of their products....

Is Big Business Ungovernable? 

Regulators should dedicate more resources to pursuing big cases against the biggest market actors, even if it means compiling far fewer enforcement actions annually....

Have Business Roundtable Companies Lived Up to Their Stakeholder Commitments?  

In 2019, more than 100 CEOs of US public companies signed a Business Roundtable statement in which they pledged to deliver value to all...

How Enlightened is Enlightened Shareholder Value?

There has been growing support for replacing the traditional corporate purpose with so-called “enlightened shareholder value,” which would guide firms to consider stakeholder interests...

Are “Bankruptcy Directors” Bad for Creditors?

A new paper studies the rise of so-called “bankruptcy directors,” typically former bankruptcy lawyers, investment bankers, or distressed debt traders who join corporate boards...

Should ESG-Driven Investors and Stakeholders Divest or Engage? A Stigler Center/Rustandy Center Panel Explores

Should investors and stakeholders who wish to influence companies to promote desirable social and environmental outcomes focus on actions like divestment and boycotts (exit),...

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