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- Title
FORGOTTEN GATEKEEPERS: EXECUTIVE SEARCH FIRMS AND CORPORATE GOVERNANCE.
- Authors
Simmons, Omari Scott
- Abstract
Many legal scholars do not readily associate executive search firms ("ESFs") with corporate governance, yet they are intimately connected with a key mechanism of corporate governance--elite labor markets. Corporate governance is a nexus of individual and environmental factors, a narrative of nature and nurture. Talent obviously matters, but legal scholars, courts, and policymakers overwhelmingly focus on structural mechanisms, procedures, and environmental factors. This Article makes an essential contribution to the corporate gatekeeper discussion by revealing how ESFs provide an assortment of private solutions to governance problems that scholars have attempted to address through legal and regulatory means. The ultimate success or failure of these private solutions may be instructive for designing more effective regulations, policies, and practices to promote better governance.
- Subjects
CORPORATE governance; EXECUTIVE search firms; LABOR market; CORPORATION law; EXECUTIVE compensation; DODD-Frank Wall Street Reform &; Consumer Protection Act
- Publication
Wake Forest Law Review, 2019, Vol 54, Issue 3, p807
- ISSN
0043-003X
- Publication type
Article