Columbia Law School
Sky Blog
Stephen M. Bainbridge
Why We Should Keep Teaching Dodge v. Ford Motor Co.
The question of corporate purpose has been much in the news of late, triggering renewed attention by legal scholars to corporate social responsibility, ESG, and shareholder value maximization. Many of these scholars have been strongly influenced by the late Lynn …
Don’t Compound the Caremark Mistake by Extending It to ESG Oversight
Since the foundational decision in In re Caremark Intern. Inc. Derivative Litig.,[1] Delaware corporate law has required boards of directors to establish reasonable legal compliance programs. Although Caremark has been applied almost exclusively with respect to law and …