Corporate > AG Deal Diary > Recommended Reading: The Ideological Flip Over Shareholder Primacy and Corporate Citizenship
23 Oct '15

This week, we highlight an interesting article by Professor Kent Greenfield entitled "The Ideological Flip Over Shareholder Primacy and Corporate Citizenship". In this article, he suggests that the previously well-defined positions of progressives (arguing for corporations to have responsibilities beyond the bottom line and being subject to a social contract) and conservatives (arguing for the appropriateness of a shareholder primacy norm focused on returns) are changing. Especially since the Supreme Court's decision in Citizens United, progressives are now championing shareholder rights and conservatives are focusing on corporate citizenship - it is a development worth watching.