The End of Corporate Governance Law
This article argues that corporate governance is sub-optimal because of special interest influence at both the state and federal level, and because institutionally the mechanisms for promulgating corporate governance are not capable of impounding corporate goverance science. I offer as a solution the creation of depoliticized agency (on par with the Fed) that could administer a federal incorporation regime in an expert manner and without special interest interference. I posit that shareholders should be empowered to select this federal incorporation option.
Business Organizations Law
Date of this Version
Steven A. Ramirez, "The End of Corporate Governance Law" (October 2, 2006). bepress Legal Series. bepress Legal Series.Working Paper 1809.