Diversity, equity and inclusion has gained substantial traction as a major business and social initiative in the past decade. Organizations committed to the goal of creating more diverse and inclusive workspaces range from private businesses to institutes of higher education to non-profit foundations and engage in a wide array of business activities such as technology,…
Tag: Corporations
Private Ownership and Practical Practice in Major Law Firms
Major law firms are anachronisms according to the logic of the cool-headed economists and management theorists. Ever since Berle and Means first preached the division of owners and managers in their seminal work, most shareholders exist separately from management, preferring a passive voice when it comes to directing the actions of their firms, and by…
Co-determination in Germany: A Model for the U.S.?
The American conception of the duty of loyalty requires that directors act solely in the best interest of the corporation.1 In Germany, however, corporations are perceived to serve a broad social function rather than simply aiming to serve shareholder interests, and there is significant freedom under German law for company directors to factor in considerations unrelated to profit…