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OVERVIEW: POISON PILL DOCTRINE IN SEARCH OF A PHILOSOPHY
When the Bulldog Sauce case landedat the doorstep of the Japanese
Supreme Court in July 2007, one suspects that the Court greeted it with all the enthusiasm of a homeowner who opens the front door to collect the morning paper, only to findwaiting a basket full oforphaned kittens.
A senior financial economist at the Office of the Comptroller of the Currency has published a paper entitled U.S. Domestic and International Financial Reform Policy: Are G20 Commitments and the Dodd-Frank Act in Sync?. The paper provides a useful overview of the relationship of these two important financial regulatory reform initiatives, focusing in particular on policies to address risks to the financial system posed by systemically important financial institutions (SIFIs).
ISS has issued its preliminary US post-season report, which is full of useful statistics about the 2011 proxy season for the data hound. Broc notes some of the key highlights in TheCorporateCounsel.net blog.
The DC Circuit's vacating of the SEC's proxy access rule has wider applications for the possible challenge of regulations under the Dodd Frank Act on the grounds that they fail to analyze the economic impact. Even though we all know that the DC circuit is especially hard on the SEC, other agencies could also find […]
Professor Kyoji Fukao, Program Director and Professor, Institute of Economic Research, Hitotsubashi University, wrote this on-point article in the Nikkei Newspaper's Keizai Kyoushitsu column on July 27 of 2011, describing the challenges that Japan's economy faces and the what is needed to get it growing again.
Much of the article appears below, but you can see the full article and the charts on RIETI's web site:
We have uploaded this useful document to the data libary, in the Foreign folder under Shearman & Sterling.
There is an excellent analysis of corporate philanthropy programs in the U.S. – reviewing their trends, issues,and tendencies – the Harvard Law School Forum on Corporate Governance and Financial Regulation:
The majorconclusions of the entry, madeby Matteo Tonello of TheConference Board, are asasfollows:
For some time it has seemed to me that our thinking about corporate governance has become blindered by the existingframework and playerswe have created, which have becomeself-sustaining and assumed to be immutablenomatter howimperfectthey are.This is the first of a series of ideas and suggestions that I hope will provoke productive discussion unhindered by such assumptions.
(Note:thevideos in the link below are worth watching, on the topic of managing and governing entrepreneurial firms, and related public policy.)
19 April 2011 World Economic Forum (press release)
Too big to fail. Massive externalization of risks. Environmental damage. Institutionalized moral hazard…..
Corporations havebecome so powerful over the years. Surely, they are one of the dominant institutions in today's world.
In an era when we see so much damages caused by corporations, maybe it is good idea to look at the origin, history and evolution of corporations and to rethink about what corporations really exist for.