In this article, the authors explore the origins of share ownership and its implications for corporate governance. They trace some of the current problems with governance structure that exist in public companies and what solutions can be applied to correct these problems. The authors also offer...

The Trade‐through rule (TTR) was established in 1975; it was designed to ensure that investors got the best price available for a stock trade. Under the Trade‐through rule, a customer’s order must be routed to the exchange or order market system where the best current price exists at any given...

On January 23, 2003, the Securities and Exchange Commission (SEC) adopted final rules to implement Section 307 of the Sarbanes‐Oxley Act. Section 307 required the SEC to establish “standards of professional conduct for attorneys appearing and practicing before the Commission in any way in...