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The Federalization of Corporate Governance

Online ISBN:
9780199361854
Print ISBN:
9780199934546
Publisher:
Oxford University Press
Book

The Federalization of Corporate Governance

Marc I. Steinberg
Marc I. Steinberg
Radford Professor of Law, Dedman School of Law, Southern Methodist University
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Published online:
22 March 2018
Published in print:
4 May 2018
Online ISBN:
9780199361854
Print ISBN:
9780199934546
Publisher:
Oxford University Press

Abstract

This book focuses on a very timely subject: the federalization of corporate governance. From both historical and contemporary perspectives, the book addresses the federalization of corporate governance in the United States. Although the states traditionally have regulated the sphere of corporate governance—encompassing the relations among and between the subject corporation, its directors, its officers, its stockholders, and other stakeholders—federal law today impacts the governance of publicly-traded companies to a greater degree than ever before in U.S. history. This book thus focuses on the evolution and development of corporate governance from a federal law perspective from the commencement of the twentieth century to the present. The book examines the tension between state company law and federal law, historically analyzes the federal developments, explains the ramifications of the federal legislation enacted during the past two decades, and recommends corrective measures that should be implemented. The book accordingly provides an original, historical, and contemporary analysis of the federalization of corporate governance—a subject that impacts this country’s economic well-being in a very fundamental way.

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