Corporate law in the United States requires directors to manage firms in the interests of shareholders, which means never sacrificing profits in service of other stakeholders or interests. In this timely, groundbreaking book, David Yosifon argues that this rule of 'shareholder primacy' is logically, ethically, and practically unsound, and should be replaced by a new standard that compels directors of our largest corporations to manage firms in a socially responsible way. In addition to summarizing existing debates on the issue - and giving special attention to the Supreme Court's decision in Citizens United - Yosifon explores the problem of corporate patriotism and develops a novel approach to the relationship between corporate law and consumer culture. The book's technical acumen will appeal to experts, while its engaging prose will satisfy anyone interested in what our corporate law does, and what it should do better.

This book criticizes prevailing corporate law in the United States and articulates reforms aimed at making corporations more socially responsible.

About the Author
David Yosifon is a Professor at Santa Clara University School of Law in Santa Clara, California. He teaches business law and legal ethics. He is also on the faculty of Santa Clara University's Markkula Center for Applied Ethics, and a member of the Markkula Center's Business Ethics Partnership. Yosifon's scholarship on corporate governance and corporate social responsibility has appeared in numerous law journals, including the North Carolina Law Review, the Berkeley Business Law Journal, and the Delaware Journal of Corporate Law. His opinion pieces have appeared in the New York Times, the San Francisco Chronicle, and the San Jose Mercury News.


Book Information
ISBN 9781316637173
Author David Yosifon
Format Paperback
Page Count 220
Imprint Cambridge University Press
Publisher Cambridge University Press
Weight(grams) 320g
Dimensions(mm) 228mm * 150mm * 12mm