In recent years, the Supreme Court appears to have taken a greater interest in "business" issues. Does this reflect a change in the Court's orientation, or is it the natural outcome of the appellate process? Is the Court "pro-business"? If so, in what ways do the Court's decisions support business interests and what does that mean for the law and the American public? Business and the Roberts Court provides the first critical analysis of the Court's business-related jurisprudence. In this volume, prominent academics examine the Roberts Court's handling of business-related cases, through a series of empirical and doctrinal analyses. Issues covered include securities law, antitrust, labor law, preemption, and environmental law, among others. Business law and regulatory cases touch on many important legal doctrines and can have far-reaching effects. Understanding the bases upon which the Supreme Court decides business-related cases is of tremendous importance to practitioners and academics. It can also further greater understanding of one of the nation's most important government institutions. These issues are of interest to academics, but also of practical importance to Supreme Court and business practitioners.
'Philosopher Kings' examines the attempts by courts to sort out conflicts involving freedom of expression, including religious expression on the one hand and rights to privacy and other important social values on the other.
The passage of Citizens United by the Supreme Court in 2010 sparked a renewed debate about campaign spending by large political action committees, or Super PACs. Its ruling said that it is okay for corporations and labor unions to spend as much as they want in advertising and other methods to convince people to vote for or against a candidate. This book provides a wide range of opinions on the issue. Includes primary and secondary sources from a variety of perspectives; eyewitnesses, scientific journals, government officials, and many others.
Elections seem to be constantly being reformed be it electronic voting systems, soft money laws, internet voting ad nauseam. Reforms and changes are essential to both keep up with technology and to pretend that the playing field is level even though it is quite clear to seasoned observes that the so called reforms in most cases are only window dressing for preserving the overwhelming edge for incumbents and the super-wealthy. This new book presents detailed analyses of the latest reforms and laws. CONTENTS: Preface; Elections Reform: Overview and Issues (Kevin J. Coleman and Eric A. Fisher); Election Projections: First Amendment Issues (Henry Cohen); Election of the President and Vice-President by Congress: Contingent Election (Thomas H. Neale); Congressional Authority to Standardize National Election Procedures (Kenneth R. Thomas); Campaign Finance Reform: Constitutional Issues Raised by Disclosure Requirements (L. Paige Whitaker); Campaign Financing: Highlights and Chronology of Current Federal Law (Joseph E. Cantor); Campaign Finance Reform: A Legal Analysis of Issue and Express Advocacy (L. Paige Whitaker); Campaign Finance in the 2000 Federal Elections: Overview and Estimates
This book is a primer on corporate governance for large, publicly held companies in the United States --the system that defines the distribution of rights and responsibilities among different participants in a corporation, such as the board, managers, shareholders, and other stakeholders, and spells out the rules and procedures for making decisions on corporate affairs. As with any complex system, corporate governance functions best when all of its constituent elements work in harmony, when each performs its assigned role, with the right incentives, properly aligned interests and the right tools for the job. The turbulent history of corporate governance in recent years is testimony that this has not always been the case. The American system of corporate governance has been confronted with significant challenges in the last twenty-five years. Many of these challenges can be traced to the rapid, often unpredictable changes that have occurred in the global competitive environment which have fundamentally changed - domestically as well as abroad - the opportunities and risks American companies face every day. Others have their roots in broader societal shifts such as changes in attitude towards the value and role of free markets, a growing recognition of the importance of environmental concerns and a clamor for greater transparency and accountability in public as well as private organizations. At the same time, the corporate governance landscape itself continues to evolve. Shareholding has become concentrated through institutional intermediaries who exercise their fiduciary duties with a process of shareholder communications, resolutions and director elections. The composition of boards of directors continues to evolve as they pursue more independence, greater diversity, and stronger global representation. Newly adopted executive compensation reforms are focused on better aligning the interests and incentives of corporate management with those of long-term shareholders. Some of these changes have occurred organically, many more have been the result of outside forces, including landmark federal legislation, new state rules and codes, and interpretive judicial decisions. The bottom line is that the entire corporate governance process has been under evaluation. This is both healthy and essential for the future of our economy. It signals a widely shared belief - by corporate directors, shareholders, the markets generally and the regulatory community - that corporate governance matters. The importance of this recognition can hardly be overstated. As a wave of corporate scandals in the late nineties and the recent global financial crisis remind us, the efficacy of corporate decision making and our regulatory systems directly affect our well-being. Sound corporate governance not only pays by producing value for all stakeholders of the firm but also, even more importantly, it is the right thing to do--for investors, other stakeholders, and society at large. In other words, sound corporate governance is not just good business; it is also a moral imperative. A good number of the books written on corporate governance focus on legal issues - the rights and obligations of the various stakeholders under Federal and State laws - or take the perspective of individual or institutional external shareholders. This book is positioned differently; it approaches corporate governance from an executive perspective and is designed to help the reader become a more effective participant in the corporate governance system--as an executive dealing with a board, as a director, or as a representative of a company''s other numerous stakeholders. The book is organized in two parts. The first looks at corporate governance from a macro perspective. It begins with a description of the various components of the U.S. corporate governance system and a brief survey of its history. It then asks the fundamental question ''Who owns the corporation?'' to frame a discussion of different schools of thought about a corporation''s responsibilities to its shareholders and society at large. Next, we focus on the legal framework that defines a board''s basic responsibilities and obligations and look at current trends regarding board size, composition and structure. As part of this discussion we briefly review a number of major governance reforms adopted in recent years such as the Sarbanes-Oxley Act of 2002, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, and recent SEC rule changes. The second part of the book focuses on the workings of the board itself and its principal challenges: CEO selection and succession planning, the board''s responsibilities in the areas of oversight, compliance and risk management, the board''s role in strategy development, the issue of CEO performance appraisal and executive compensation, a board''s challenges in dealing with external pressures, unexpected events and crises, and finally, a board''s most difficult challenge--managing itself.
This updated edition of the widely touted Economic Apartheid in America looks at the causes and manifestations of wealth disparities in the United States, including tax policy in light of the 2001 and 2003 tax cuts and recent corporate scandals. Published with two leading organizations dedicated to addressing economic inequality, the book looks at recent changes in income and wealth distribution and examines the economic policies and shifts in power that have fueled the growing divide. Praised by Sojurners as “a clear blueprint on how to combat growing inequality,” Economic Apartheid in America provides “much-needed groundwork for more democratic discussion and participation in economic life” (Tikkun). With “a wealth of eye-opening data” (The Beacon) focusing on the decline of organized labor and civic institutions, the battle over global trade, and the growing inequality of income and wages, it argues that most Americans are shut out of the discussion of the rules governing their economic lives. Accessible and engaging and illustrated throughout with charts, graphs, and political cartoons, the book lays out a comprehensive plan for action.