Tag Archives | #CorporateAccountability

Corporations shouldn't be unaccountable. The SEC should protect investors, not entrenched management.

Investors Mobilize to Defend Rule 14a-8

State treasurers and investor advocates mobilize to defend Rule 14a-8, which has allowed them to file advisory shareholder proposals since 1942. Dismantling the shareholder-proposal process would silence an essential early-warning system, increase litigation, and shift power from shareholders to corporate management. Jump to How to Defend Rule 14a-8.  Jump to Petition on SEC Rule 14a-8 […]

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Reconnecting the chain tying people to abstractions by reconnecting fiduciary duty

Incidental Humans: Fiduciary Duty Drift and Restoration

Fiduciary duty did not begin as a doctrine about abstraction. It began as a response to vulnerability. In its equitable origins, fiduciary obligation emerged in the English Court of Chancery to restrain those who exercised discretionary power over the property or interests of another. Trustees, agents, guardians, and partners were bound not because they managed […]

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