Lynn A. Stout (Cornell Law School - Jack G. Clarke Business Law Institute) & Sergio Alberto Gramitto Ricci (Cornell Law School) have posted Corporate Governance as Privately-Ordered Public Policy: A Proposal on SSRN. Here is the abstract:
In this Article we show how our society can use corporate governance shifts to address, if not entirely resolve, a number of currently pressing social and economic problems. These problems include: rising income inequality; demographic disparities in wealth and equity ownership; increasing poverty and income insecurity; a need for greater innovation and investment in solving problems like disease and climate change; the “externalization” of many costs of corporate activity onto third parties such as customers, employees, creditors, and the broader society; the corrosive influence of corporate money in politics; and discontent and loss of trust in the capitalist system among a large and growing segment of the population.
