Why managements should (and should not) have respect for their shareholders
Article Abstract:
Corporate managers must adjust to the shift in ownership away from individual shareholders and toward institutional shareholders, especially pension funds. This trend caused an increasing concentration of ownership in the 1980s and 1990s. Managers could improve their relations with shareholders by encouraging the indexing of stocks. Indexing has several benefits including the reduction of brokerage commissions and other costs. Moreover, corporate managers should require pension fund managers to meet several criteria such as investing at least 1/3 of their own assets in the funds they manage.
Publication Name: The Journal of Corporation Law
Subject: Law
ISSN: 0360-795X
Year: 1991
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Financial transparency and corporate governance: you manage what you measure
Article Abstract:
The high financial reporting requirements implicit in securities disclosure laws have contributed to managerial success at publicly traded US corporations, and these standards should not be abandoned based on international competitiveness arguments. The SEC is willing to lower disclosure standards for foreign corporations, but these corporations developed in an economic environment that is structurally different than US markets. Financial accounting standards for US corporations should be maintained to ensure managerial accounting information is available.
Publication Name: Columbia Law Review
Subject: Law
ISSN: 0010-1958
Year: 1996
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Should loss-spreading be the paramount public policy rationale for the imposition of strict products liability? A study of the intersection of strict products liability and landlord-tenant law
Article Abstract:
Strict products liability should not extend to landlords that knew nothing of the latent defect because doing so would not serve the public policy goals of fairness and imposition of enterprise liability. Courts that have held premises owners strictly liable have often employed loss-spreading rationales. Loss-spreading should not be the primary goal of strict products liability because it fails to properly impose moral responsibility. Loss-spreading should be treated as a consideration secondary to fairness and enterprise liability.
Publication Name: The Journal of Corporation Law
Subject: Law
ISSN: 0360-795X
Year: 1996
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