Further Reading

Rather than a complete bibliography, the following is a list of resources I have found very enlightening, for those who want to delve deeper into some of the topics covered in the book. The list is by no means exhaustive.

Shareholder Primacy and Stakeholder Governance

Allen, William T. “Our Schizophrenic Conception of the Business Corporation.” Cardozo Law Review 14 (1992): 261.

Berger, David J. “In Search of Lost Time: What If Delaware Had Not Adopted Shareholder Primacy?” https://ssrn.com/abstract=2916960.

Jensen, Michael C., and William H. Meckling. “Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure.” Journal of Financial Economics 3, no. 4 (1976): 305–360.

Masouros, Pavlos E. Corporate Law and Stagnation: How Shareholder Value and Short-Termism Contribute to the Decline of the Western Economies. The Hague: Eleven International, 2013.

Mayer, Colin. Firm Commitment: Why the Corporation Is Failing Us and How to Restore Trust in It. Oxford: Oxford University Press, 2013.

Orrick, UnLtd, and Thomson Reuters. Balancing Purpose and Profit: Legal Mechanisms to Lock in Social Mission for “Profit with Purpose” Business Across the G8. Thomson Reuters Foundation, December 2014. http://www.trust.org/contentAsset/raw-data/1d3b4f99-2a65-49f9-9bc0-39585bc52cac/file.

Stout, Lynn. The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations and the Public. San Francisco, CA: Berrett-Koehler, 2012. Strine, Leo E., Jr. “Who Bleeds When the Wolves Bite? A Flesh-and-Blood Perspective on Hedge Fund Activism and Our Strange Corporate Governance System.” Yale Law Journal 126, no. 6 (2017): 1600–1971.

Tucker, Anne. “The Citizen Shareholder: Modernizing the Agency Paradigm to Reflect How and Why a Majority of Americans Invest the Way They Do.” Seattle University Law Review 35, no. 4 (2012): 1299–1367.

Williams, Cynthia A., and Peer Zumbansen. The Embedded Firm: Corporate Governance, Labor, and Finance Capitalism. Cambridge: Cambridge University Press, 2011.

Yosifon, David G. “The Law of Corporate Purpose.” Berkeley Business Law Journal 10, no. 2 (2013): 181–230.

The Investment Chain

Davis, Stephen, Jon Lukomnik, and David Pitt-Watson. What They Do with Your Money: How the Financial System Fails Us and How to Fix It. New Haven, CT: Yale University Press, 2016.

Kay, John. Other People’s Money: The Real Business of Finance. New York: PublicAffairs, 2015.

History of Corporations

Berle, Adolf A., and Gardiner C. Means. The Modern Corporation and Private Property. 1932. Reprint, New Brunswick: Transaction, 1991.

Mayer, Colin. “Reinventing the Corporation.” Journal of the British Academy 4 (2016): 53–72.

McBride, David. “General Corporation Laws: History and Economics.” Law and Contemporary Problems 74, no. 1 (Winter 2011): 1–18.

Universal Ownership and Responsible Institutional Investing

3 Corp. Governance Int’l Rev, 2007, Universal Owner Issue.

Hawley, James P., Andreas G. F. Hoepner, Keith L. Johnson, Joakim Sandberg, and Edward J. Waitzer. Cambridge Handbook of Institutional Investment and Fiduciary Duty. Cambridge: Cambridge University Press, 2014.

Hawley, James, Keith Johnson, and Ed Waitzer. “Reclaiming Fiduciary Balance.” Rotman International Journal of Pension Management 4, no. 2 (Fall 2011): 4–16.

Hebb, Tessa, James P. Hawley, Andreas G. F. Hoepner, Agnes L. Neher, and David Wood, eds. The Routledge Handbook of Responsible Investment. New York: Routledge, 2016.

Lydenberg, Steve. “Integrating Systemic Risk into Modern Portfolio Theory and Practice.” Journal of Applied Corporate Finance 28, no. 2 (Spring 2016): 56–61.

Sullivan, Rory, Will Martindale, Elodie Feller, and Anna Bordon. Fiduciary Duty in the 21st Century. 2015. http://www.unepfi.org/fileadmin/documents/fiduciary_duty_21st_century.pdf.

Urwin, Roger. “Pension Funds as Universal Owners: Opportunity Beckons and Leadership Calls.” Rotman International Journal of Pension Management 4, no. 1 (2011): 26–33.

Youngdahl, Jay. “The Time has Come for a Sustainable Theory of Fiduciary Duty in Investment.” Hofstra Labor and Employment Law Journal 29, no. 1 (2011): 115–139.

Sustainability Reporting

Eccles, Robert G., and Michael P. Krzus, with Sydney Ribot. The Integrated Reporting Movement: Meaning, Momentum, Motives, and Materiality. Hoboken, NJ: Wiley, 2015.

Gleeson-White, Jane. Six Capitals, or Can Accountants Save the Planet? Rethinking Capitalism for the Twenty-First Century. New York: W. W. Norton, 2014.

International Integrated Reporting Council. The International <IR> Framework. December 2013. http://integratedreporting.org/wp-content/uploads/2013/12/13-12-08-THE-INTERNATIONAL-IR-FRAMEWORK-2-1.pdf.

Thomas, Martin P., and Mark W. McElroy. The MultiCapital Scorecard: Rethinking Organizational Performance. White River Junction, VT: Chelsea Green, 2016.

Benefit Corporations

Alexander, Frederick H., Lawrence A. Hamermesh, Frank R. Martin, and Norman M Monhait. “M&A under Delaware’s Public Benefit Corporation Statute: A Hypothetical Tour.” Harvard Business Law Review 4 (2014): 255–279.

“Berle VIII: Benefit Corporations and the Firm Commitment Universe.” Seattle University Law Review 40, no. 2 (2017) (Symposium issue): 299–302.

Clark, William H., Jr., and Elizabeth K. Babson. “How Benefit Corporations Are Redefining the Purpose of Business Corporations.” William Mitchell Law Review 38, no. 2 (2012): 817–851.

Clark, William H., Jr., and Larry Vranka. The Need and Rationale for the Benefit Corporations: Why It Is the Legal Form That Best Addresses the Needs of Social Entrepreneurs, Investors, and, Ultimately, the Public. White paper, January 18, 2013. http://benefitcorp.net/sites/default/files/Benefit_Corporation_White_Paper.pdf. Corporate Laws Committee. “Benefit Corporation White Paper.” Business Lawyer 68, no. 4 (August 2013): 1083–1110.

Loewenstein, Mark J. “Benefit Corporations: A Challenge in Corporate Governance.” Business Lawyer 68, no. 4 (August 2013): 1007–1038.

Murray, J. Haskell. “Defending Patagonia: Mergers & Acquisitions with Benefit Corporations.” Hastings Business Law Journal 9, no. 3 (2013): 485–517.

Murray, J. Haskell. “An Early Report on Benefit Reports.” West Virginia Law Review 118 (2015): 25–57.

Plerhoples, Alicia. “Delaware Public Benefit Corporations 90 Days Out: Who’s Opting In?” U.C. Davis Business Law Journal 14 (2014): 247–280.

Plerhoples, Alicia. Nonprofit Displacement and the Pursuit of Charity Through Public Benefit Corporations. Washington, DC: Georgetown University Law Center, 2016. https://ssrn.com/abstract=2817881.

Robson, Regina. “A New Look at Benefit Corporations: Game Theory and Game Changer.” American Business Law Journal 52, no. 3 (2015): 501–555.

Steingard, David S., and William H. Clark Jr. “The Benefit Corporation as an Exemplar of Integrative Corporate Purpose (ICP): Delivering Maximal Social and Environmental Impact with a New Corporate Form.” Business and Professional Ethics Journal 35 (2016): 73.

Strine, Leo E., Jr. “Making it Easier for Directors to ‘Do the Right Thing’?” Harvard Business Law Review 4 (2014): 235–253.

Westaway, Kyle, and Dirk Sampselle. “The Benefit Corporation: An Economic Analysis with Recommendations to Courts, Boards, and Legislatures.” Emory Law Journal 62 (2013): 999–1085.