The Myth That Insulating Boards Serves Long-Term Value

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Bebchuk, Lucian Arye (2013)
  • Publisher: Columbia Law Review Association, Inc.

According to an influential view in corporate law writings and debates, pressure from shareholders leads companies to take myopic actions that are costly in the long term, and insulating boards from such pressure serves the long-term interests of companies as well as th... View more
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