literature propose tightening the fiduciary duties under which officers and directors of the relevant financial institutions … to banking and financial markets. I next show that the best understanding of fiduciary obligation is that pursuant to … fiduciary duties back up in the case of financial fiduciaries will be no help at all if our object is to address financial …

This article investigates the development of accountability and fiduciary loyalty as an institutional response to … primordial fiduciary loyalty - an accountability regime backed by social norms that was tailored for addressing the acute … develop the modern duty of loyalty. These insights suggest implications for contemporary fiduciary loyalty …

rhetorical prominence, ERISA fiduciary law has been dramatically transformed by a series of uncoordinated low-visibility judicial … expose how untrustworthy workers' benefit safeguards have become. Both the scope and the intensity of fiduciary oversight …' federal fiduciary protections “shall be void as against public policy,” the Supreme Court has shown the way to curtail …

deduction limit. These findings raise serious questions about the management of compensation boards acting in the fiduciary …

Recent revelations on the use of fiduciary services by the wealthy and political leaders raise concerns regarding the … use of such services for tax and creditor evasion. Yet given the secrecy shrouding much of the fiduciary industry, we do … not know which fiduciary services are used for such purposes and to what extent. Shining a light on a particularly obscure …

For centuries, the duty of loyalty has been the hallowed centerpiece of fiduciary obligation, widely considered one of … around the relationship between fiduciary principles and freedom of contract. What types of corporations choose to contract …

In the debate over contractual freedom or enabling-versus-mandatory rules in fiduciary law, those who do not adhere to … an unbridled contractatian approach tend to justify fiduciary law's strict posture by appealing to transaction cost … reasoning. In this view, fiduciary law more efficiently sets rules that the parties would adopt or, also efficiently, sets …

fiduciary duties to equity holders, not creditors. We examine whether this slant in fiduciary duties affects the likelihood that … benefit of equity holders. We find that a Delaware court ruling that imposed fiduciary duties toward creditors led to a … probability that firms will avoid covenants only when directors owe a legal fiduciary duty to creditors. Collectively, our results …