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-dealers be deemed as owing fiduciary duties to their clients as a case study for the entangled political economy theory. The … paper shows how the development of a simple rule such as whether these fiduciary duties should be owed or not requires years …
Persistent link: https://www.econbiz.de/10015368827
Does enhanced legal accountability of non-director executives improve workplace safety? We exploit an exogenous increase in executive legal accountability triggered by Delaware Supreme Court’s 2009 “Gantler ruling” to address this question. In a difference-in-differences framework, we show...
Persistent link: https://www.econbiz.de/10013288798
A recurrent theme in corporate law is the presence of directors and officers owing fiduciary duties of care and loyalty … to the respective companies they serve. Although not as visible in the securities law setting, concepts of fiduciary duty …-like obligations arise with some frequency. While the rigorous application of fiduciary standards was applied in days of yesteryear …
Persistent link: https://www.econbiz.de/10013295680
Shortly after the first financial crisis of globalization (2008-2009), a number of changes started to dominate the financial and banking world. Households and companies were confronted with a series of new rules and procedures aimed at protecting both the banks and the public. In most cases they...
Persistent link: https://www.econbiz.de/10013299168
of trillions of dollars of other people’s money subject to a sacred trust known in the law as fiduciary duty. Recently … fiduciary duty of loyalty. Under the “sole interest rule” of trust fiduciary law, a trustee must consider only the interests of … ESG investing is required by the fiduciary duty of prudence. Against this backdrop of uncertainty, this chapter examines …
Persistent link: https://www.econbiz.de/10013321858
Persistent link: https://www.econbiz.de/10013351567
Persistent link: https://www.econbiz.de/10013388764
. Because parenting intersects with many aspects of a person’s life, a strict fiduciary duty of loyalty might be burdensome …. This article argues against treating parents as fiduciaries for four reasons. First, the scope of parental fiduciary duties … cannot be narrowed enough to make them tolerable. Arguments limiting fiduciary duties to cases where parents exercise …
Persistent link: https://www.econbiz.de/10013312148
shareholders, leaving board members with conflicting fiduciary duties and litigation risks. Exploiting an important court ruling … that establishes the board’s fiduciary duties to common shareholders as a priority, we find that after the ruling maturing … has important implications for optimal fiduciary duty design in VC-backed start-ups. …
Persistent link: https://www.econbiz.de/10013279443