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Corporate governance is defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context often adopt narrow definitions that appear purpose-specific. Writers concerned with regulatory policy in relation to corporate governance practices often use broader structural descriptions. A broad (meta) definition that encompasses many adopted definitions is "Corporate governance describes the processes, structures, and mechanisms that influence the control and direction of corporations."
Barbara Jean McDougall is a former Canadian politician. She served as a Member of Parliament from 1984 to 1993, and as Secretary of State for External Affairs from 1991 to 1993. She did not run again in the 1993 Canadian federal election which saw the incumbent Progressive Conservative government reduced to two seats in the House of Commons.
Dodge v. Ford Motor Company, 204 Mich. 459, 170 N.W. 668 is a case in which the Michigan Supreme Court held that Henry Ford had to operate the Ford Motor Company in the interests of its shareholders, rather than in a charitable manner for the benefit of his employees or customers. It is often taught as affirming the principle of "shareholder primacy" in corporate America, although that teaching has received some criticism. At the same time, the case affirmed the business judgment rule, leaving Ford an extremely wide latitude about how to run the company.
Michael Cole "Mike" Jensen is an American economist who works in the area of financial economics. Between 2000 and 2009 he worked for the Monitor Company Group, a strategy-consulting firm which became "Monitor Deloitte" in 2013. He holds the position of Jesse Isidor Straus Professor of Business Administration, Emeritus, at Harvard University.
Jonathan R. Macey is an American legal scholar who serves as the Sam Harris Professor of Corporate Law, Corporate Finance and Securities Law at Yale Law School.
Jeffrey Sonnenfeld is the Lester Crown Professor in the Practice of Management at Yale School of Management, and Senior Associate Dean for Leadership Studies. Sonnenfeld is best known as the founder and CEO of Chief Executive Leadership Institute (CELI), affiliated with Yale University.
Harold Demsetz was an American professor of economics at the University of California at Los Angeles (UCLA).
Paul Myners, Baron Myners, was a British businessman and politician. In October 2008 he was elevated to the House of Lords as a life peer and was appointed City Minister in the Labour Government of Gordon Brown, serving until May 2010. As City Minister Myners was responsible for overseeing the financial services sector during the global financial crisis and its aftermath, including leading the controversial 2008 United Kingdom bank rescue package. Myners sat in the House of Lords as a Labour peer until 2014, resigning to become a non-affiliated member before joining the crossbench group in 2015.
Jesus P. Estanislao is a Filipino economist best known for having been the 6th Socio-economic Planning Secretary and concurrent Director-General of the National Economic and Development Authority (NEDA) from 1989-1990, and Secretary of Finance of the Philippines from 1990-1992, during the government of President Corazon Aquino. He presently heads two private institutes committed to governance reforms: the Institute of Corporate Directors, and the Institute for Solidarity in Asia. He also chairs the President's Governance Advisory Council, which advises the Philippine President on governance issues.
Troy A. Paredes served as a Commissioner of the U.S. Securities and Exchange Commission (SEC) from August 1, 2008 to August 3, 2013. Commissioner Paredes was appointed to the SEC by President George W. Bush on June 30, 2008 to replace Paul S. Atkins, a Republican commissioner, who was retiring at the end of his term. Paredes was replaced by Michael Piwowar who was sworn in on August 15, 2013.
Lynn Andrea Stout was an American corporate law scholar. She was a Distinguished Professor of Corporate & Business Law at the Cornell Law School and, before that, the Paul Hastings Professor of Corporate and Securities Law at UCLA Law School. She specialized in researching, writing about, lecturing on, and teaching corporate law, securities and derivatives regulation, law and economics, business ethics, and prosocial behavior in relation to the law. She died on April 16, 2018, at the age of 60 following a long struggle with cancer.
Francis "Frank" Herbert Buckley is a foundation professor at George Mason University School of Law where he has taught since 1989. Before then he was a visiting Olin fellow at the University of Chicago Law School. He has also taught at Panthéon-Assas University, Sciences Po in Paris and the McGill Faculty of Law in Montreal. He practiced law for three years in Toronto.
Kent Greenfield is an American lawyer, Professor of Law and Law Fund Research Scholar at Boston College, and frequent commentator to The Huffington Post. He is the author of The Myth of Choice: Personal Responsibility in a World of Limits and The Failure of Corporate Law: Fundamental Flaws and Progressive Possibilities, published by University of Chicago Press in 2006, and scholarly articles. He is best known for his "stakeholder" critique of the conventional legal doctrine and theory of corporate law, and for his leadership in a legal battle between law schools and the Pentagon over free speech and gay rights.
Ralph Victor Whitworth was an American businessman who was a founder of Relational Investors LLC, a private investment management firm based in San Diego, California, which primarily seeks out value stocks at companies deemed to be underperforming due to poor capital allocation discipline and corporate governance. Whitworth co-founded Relational with David Batchelder in 1996; the firm manages approximately $6 billion, and Whitworth was a principal and member of the Investment Committee.
Fund governance refers to a system of checks and balances and work performed by the governing body (board) of an investment fund to ensure that the fund is operated not only in accordance with law, but also in the best interests of the fund and its investors. The objective of fund governance is to uphold the regulatory principles commonly known as the four pillars of investor protection that are typically promulgated through the investment fund regulation applicable in the jurisdiction of the fund. These principles vary by jurisdiction and in the US, the 1940 Act generally ensure that: (i) The investment fund will be managed in accordance with the fund's investment objectives, (ii) The assets of the investment fund will be kept safe, (iii) When investors redeem they will get their pro rata share of the investment fund's assets, (iv) The investment fund will be managed for the benefit of the fund's shareholders and not its service providers.
Brian Thomas Carroll is an American teacher who was the American Solidarity Party's presidential nominee in the 2020 United States presidential election. He is a proponent of Christian democracy.
Jill E. Fisch is the Saul A. Fox Distinguished Professor of Business Law at the University of Pennsylvania Law School, and Co-Director of the Institute for Law & Economics in the Department of Legal Studies and Business Ethics at the Wharton School of the University of Pennsylvania.
The Berle-Dodd debate is the name for a series of exchanges over the purposes of the corporation between the New Deal architect, A. A. Berle, and Merrick Dodd, a law professor. In this debate, Berle argued that corporations should "serve... all society" through legally enforceable rules, and argued that shareholders' interests should ultimately be "equal" or "subordinated to a number of claims by labor, by customers and patrons, by the community". Dodd argued that corporate powers should be regarded as held on "trust" by directors and managers, and considered it "undesirable... to give increased emphasis... to the view that business corporations exist for the sole purpose of making profits for their stockholders". This debate has become well known in corporate governance, with widely conflicting interpretations, for the conflict over the extent to which corporations should pursue "shareholder value" or the "public interest". Both Berle and Dodd agreed that the corporation should pursue the public interest, but were initially at odds in how this was achieved.
Matthew Todd Henderson is an American legal scholar and novelist who is the Michael J. Marks Professor of Law at the University of Chicago Law School. He is an expert on corporate law and securities regulation. Henderson is also the author of Mental State, a 2018 murder mystery novel.
Sanjai Bhagat is the Professor of Finance at the Leeds School of Business at the University of Colorado Boulder. He serves as an independent director on corporate boards, and advises various government agencies on corporate finance and corporate governance.
References
- ↑ Professor Stephen Bainbridge Honored with Rutter Award for Excellence in Teaching
- ↑ Directorship 100 for 2008
- ↑ "Donor Lookup". Open Secrets. Retrieved 22 August 2019.
- ↑ Bainbridge, Steve. "Steve Bainbridge". Twitter. Retrieved 14 December 2021.
- ↑ Bainbridge, Stephen. "Announcement: I've joined a new (to me) political party". ProfessorBainbridge.com. Retrieved 14 December 2021.
