Wednesday, June 29, 2005

L. Strine gives corporate malefactors goosebumps

A new piece in Legal Affairs offers a glowing portrait of Vice Chancellor Leo Strine of the Delaware Chancery Court, referred to as possibly "the nation's most influential corporate law judge." Beyond giving some hope to those of us who would like to see some improvement in corporate governance, the article also contains a brief, cogent explanation of Delaware's incorporation dominance and the differences between law and chancery courts. There's also some background on the means by which Delaware maintains its corporate supremacy, which typically bodes ill for improvements in corporate responsibility rules.


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