4 ms·
It's in most corporation's charters, and I believe that it's contract law that requires them to follow the charter -- and the alternative is to face shareholder
by fennecfoxen 12y ago
It's in most corporation's charters, and I believe that it's contract law that requires them to follow the charter -- and the alternative is to face shareholder lawsuits, especially if it's a sudden and controversial deviation that they don't have a really solid explanation for.
- mitchty 12y agoHow does that jive with stuff like this? http://blogs.law.harvard.edu/corpgov/2012/06/26/the-shareholder-value-myth/ http://blogs.law.harvard.edu/corpgov/2012/06/26/the-sharehol... https://hbr.org/2010/04/the-myth-of-shareholder-capitalism https://hbr.org/2010/04/the-myth-of-shareholder-capitalism Because it seems that generally isn't correct as viewed by the law (i'm not a lawyer blah blah...).