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- Title
Systemic Stewardship with Tradeoffs.
- Authors
Kahan, Marcel; Rock, Edward
- Abstract
The article analyzes potential of systemic stewardship with tradeoffs among portfolio companies and the extent to which universal owners can and should be expected to sacrifice single firm value. Topics discussed are potential benefits of systemic stewardship, single firm focus and egalitarian focus of corporate law, shareholder primacy and stakeholderism, climate stewardship, and conflict between tradeoff strategy and universal owners' business model and legal obligations to clients.
- Subjects
STEWARDSHIP theory; STOCK ownership; VALUATION of corporations; STOCKHOLDERS; CORPORATION law; SHAREHOLDER primacy; BUSINESS models
- Publication
Journal of Corporation Law, 2023, Vol 48, Issue 3, p497
- ISSN
0360-795X
- Publication type
Article