Recommended Reading: The Ideological Flip Over Shareholder Primacy and Corporate Citizenship

Oct 23, 2015

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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.

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