The Illusory Promise of Stakeholder Governance

Harvard Law School Program on Corporate Governance Working Paper 2020-1

Harvard Law School; European Corporate Governance Institute (ECGI); National Bureau of Economic Research (NBER)

Keywords: corporate purpose, corporate social responsibility, stakeholders, stakeholder governance, stakeholder capitalism, corporate constituencies, enlightened shareholder value, corporate governance, Business Roundtable, constituency statutes, entrenchment, accountability, managerialism

Bebchuk, Lucian A. and Tallarita, Roberto, The Illusory Promise of Stakeholder Governance (February 26, 2020). Cornell Law Review, Volume 106, 2020, pp. 91-178, Harvard Law School John M. Olin Center Discussion Paper No.1052, Harvard Law School Program on Corporate Governance Working Paper 2020-1, Available at SSRN: https://ssrn.com/abstract=3544978 or