Stay updated with breaking news from Seethis Pubco. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
As you know, the shareholder primacy theory is widely attributed to the Chicago school of economists, beginning in the 1970s, with economist Milton Friedman famously arguing that the only "social responsibility of business is to increase its profits."
At an open meeting on Wednesday last week, the SEC voted, three to two, to adopt final rules on cybersecurity disclosure.
Here's another earnings management case from SEC Enforcement, this time against Roadrunner Transportation Systems, Inc., a shipping and logistics company formerly traded on the NYSE, involving a veritable pu pu platter of alleged financial manipulations.
As applied in Delaware—where it is applied most often—the doctrine, she argues, is "on a collision course with the legitimate regulatory interests of other states (and indeed the federal government)."
Is greenwashing old news? The latest component of ESG to be subject to a good scrubbing is diversity: specifically, "diversity washing."