Tag: Corporate Governance

Internal Poison Pills: Managing the Governance Tension Between Majority and Minority Shareholders with a Novel Financial Instrument

George S. Geis - University of Virginia School of Law

Large corporations harbor dark corners, and these shadows shelter a daunting collection of governance concerns.  There are at least three internal governance problems.  First, lazy or dishonest managers might use their control of a firm’s daily operations to make poor decisions or steal that which rightfully belongs to shareholders.  Second,… Read More »

Sovereign Wealth Funds and Corporate Governance: A Minimalist Solution to the New Mercantilism

Ronald J. Gilson & Curtis J. Milhaupt

Keynes taught years ago that international cash flows are always political. Western response to the enormous increase in the number and the assets of sovereign wealth funds (SWFs), and other government-directed investment vehicles that often get lumped together under the SWF label, proves Keynes right.  To their most severe critics, sovereign… Read More »