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A Proposed Alternative to Corporate Governance and Theory of Shareholder Primacy

corpgov.law.harvard.edu

On August 15, 2018, U.S. Senator Elizabeth Warren of Massachusetts introduced proposed legislation, the Accountable Capitalism Act, in the U.S. Senate. The legislation would require all U.S. corporations with $1 billion or more in annual revenues to obtain a federal charter as a “United States corporation” and would obligate corporate directors to consider the interests of all corporate stakeholders in their corporate governance activities...

Mentions: Congress Shareholder Primacy Board of Directors