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09/01/2019

The lawyers are catching up to ProfessorBainbridge.com re The Business Roundtable statement on corporate purpose

Lawyers from Richards Kibbe & Orbe outline the limited legal implications of The Business Roundtable Statement:

Shareholders are the only constituency to which directors owe fiduciary duties and the only constituency wielding corporate law powers. Delaware corporate law is and remains resolutely shareholder-centric. ...

Of course, my readers have known that for quite a while now.

Posted at 04:30 PM in Corporate Social Responsibility |

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