This reading essay is a review of the following article: Bratton, W.W. & Wachter, M.L. (2008). Shareholder primacy's corporist origins: Adolf Berle and the modern corporation. Journal of Corporation Law, 34 (1): 99-152. The thesis of the aforementioned article regarding corporate law theories is that "...shareholder primacy prevails today as the dominant view, with management discretion advocates in the minority, and with advocates of corporate social responsibility (CSR) as a rearguard"
When one thinks of private property, one often takes up the assumption that the word “private”, is equitable with “personal” property. Due to this fact, we tend give a type of personification to the term which leads people to believe that the two terms, are in fact one and the same. The term private, denotes a sense of ownership dictated by a singular entity, as does the term personal, however, there is a nuanced difference between the two – private property is that which can be capitalized upon;
Auto insurance is one of the most widespread utilized insurances in Canada. Insurance provides protection from liability claims after accidents and is required for licensing a vehicle. The concept of why basic automobile insurance is compulsory for modern-day Canadians is justifiable, as it holds the wrongdoer accountable for the potential losses of others that they have inflicted (Lanzenauer, 2006). However, if you live in British Columbia, Saskatchewan, Manitoba, or Quebec, where there is a monopoly
control that rests in the hands of owners/shareholder, directors and senior officers of a corporation in the financial decisions of the said corporation. Corporate Governance refers to the systems by which a corporation is directed and controlled by its shareholders, directors, and officers. The structure of governance specifies the rights and responsibilities of different participants in the corporation with regard both to one another and outside parties. These laws generally relate to the boards
system. It originated in the post-World War II era where urbanization took place rapidly . This is because TODs can minimize the negative impacts of rapid urbanization such as congestion and pollution by encouraging the use of public transport over private transport. In this essay, I will first introduce the concept of TOD. Then I will use Hong Kong as a case study to demonstrate how this concept can be implemented
This paper examines the type of corporation which meets James’s best interest. Abstract This paper examines the type of corporation which meets James’s best interest. A company can be set up with or without shares available to the public, divided into the public company which is expensive to obtain and maintain, and the private company which is appreciated by most businesses to begin with. Also, there are limited and unlimited companies. In addition, a company can be classified as limited
In the modern civilization, North Korea is the only country that practices communism. As explain in the essay, communism would solve income inequality and communism is better than capitalism but as seen today, the citizens of North Korea are suffering from poverty;
senior officers of a corporation in the financial decisions of the said corporation. Corporate Governance refers to the systems by which a corporation is directed and controlled by its shareholders, directors, and officers. The structure of governance specifies the rights and responsibilities of different participants in the corporation with regard both to one another and outside parties. These laws generally
about how you are being set up to fail. About how the prison system doesn’t work. Issues surrounding our prison system are that mass incarceration doesn’t work for several reasons, solitary confinement should be abolished, and that the Correction Corporation of America is making money off the prisons. The first three reasons are about mass incarceration, this is how mass incarceration just doesn’t work. While crime has fallen during the 1980’s, mass incarceration has had nothing to do with it. Its
Intellectual property rights have made a huge amount of headway towards stopping the illegal things going on, but also have a very long way to go. I believe there will be many more laws and acts to attempt to control especially copyright problems. With the constant growth of technology and equipment it will get harder and harder to completely stop this problem and it will be much more about controlling it. As Tech America says, “Updating copyright and intellectual property laws to meet the
women had no legal personhood and were assumed to be part of a household headed by a male. Until marriage, women were under the guardianship of their father or other male relative, once married the husband became the woman’s guardian. Marriage, a modern romanticized idea of being united with a lifelong partner by love was the furthest thought from the mind of a woman living in ancient Greece. When a young woman was to marry, she was given in marriage by her male relatives. The woman’s voice had
all.1 Due process, on the other hand, is the employment practice in which a person may appeal a decision as a means of receiving an explanation and the opportunity to argue against it.2 Employment at will is the standard in the majority of private corporations today and is argued for relentlessly by freedom of contract enthusiasts, however, it is becoming ever more apparent that employment at will contracts reflect the old corporate maxim where the single bottom line, profit, is accented and the
Given the enormous loss in life and property, private entities were able to efficiently catch local communities “off-guard” in the midst of a disaster which allowed for Friedman's imposition of privatized schools, among many other sectors such as public housing within New Orleans.The effects of
incarceration who most see as a major problem in the United States of America is actually beneficial to some. The prison system in the United States who was create to keep dangerous criminals at bay is now a major source of profit for some private corporations. John W. Whitehead, attorney and president of the Rutherford Institute writes that, “ the flawed yet retributive American “system of justice” is being replaced by an even more flawed and insidious form of mass punishment based upon profit
Today’s society is ruled by capitalism, where private owners control the trade and industry for profit. A small percentage of the population makes up the upper class, while most people belong to the middle and lower class. In this superficial world, people desire luxury, and capitalism elicits that desire. In order to survive, laborers must work their entire life Therefore, capitalists, or the bourgeois, the class that controls the means and modes of production, see an opportunity to abuse the
it allows under-developed countries and their citizens to develop economically and raise their standards of living, while opponents of globalization claim that the creation of an unfettered international free market has benefited multinational corporations in the Western world at the expense of local enterprises, local cultures, and common people. Effects Of Globalization Economic integration and free trade conditions have produced an unstoppable movement towards economic globalization. But many
start with Karl Marx portrays how the political economy as presented by its proponents has led to emergence of two distinct classes in society; the class of property owners and on the other hand, the class of property less workers. According to Karl Marx (2004), proponents of the political economy have introduced concepts such as private property and competition indicating without providing any form of analytical explanation but rather just expecting the society to embrace and apply such concepts. In
ESTATE MANAGEMENT: 1990s AND BEYOND BY Clark Jones INTRODUCTION The Journal of Property Management (1998) reports that real estate has been freed up by certain laws in the 1990s, most importantly, the relaxation of the Glass-Steagall Act of 1933, allowing market access to real estate by banking institutions; the Taxpayer Relief Act of 1997, allowing property owners indefinite tax deferral on the sale of property (an estimated $91 billion to reinvest in real estate); and the 1998 appropriations
The Importance Of Accounting In Our Modern Society Accounting is a very important term to our modern society. It is the career for men and women who at the start have their eyes set on top positions in industry, management, government, and general business. Accounting is a basic need of every businessman, from the operator of a filling station to the government of the United States. It's so important to our society. None of the business organization can operate without is. They are there-somewhere-in
Intellectual Property Intellectual property is an incredibly complicated facet of the law. In the United States, we have many laws in place to control and limit profiting from others intellectual property. The issue is not only profiting from others intellectual property, but not purchasing the property from the originator as well. We will discuss why it is important to protect this property as well as why it is tremendously difficult to regulate all these safe guards. “Intellectual Property has the