In doing some research on director versus shareholder primacy (what else?) in New Zealand law, I came across a very nice plug for my work in Jean Jacques du Plessis et al., Principles of Contemporary Corporate Governance 9 (2d ed. 2011):
Until very recently, the ‘shareholder primacy model’ and ‘stakeholder primacy model’ of corporate governance have been the most prominent models, but Stephen Bainbridge, in his excellent work, The New Corporate Governance in Theory and Practice, analyses these theories and provides some exciting new perspectives on corporate governance models by expanding on the ‘director primacy model’ that he developed recently.
