LAW 533 Lecture Notes - Lecture 2: Revlon, Ecotax, Business Judgment Rule
16 Sep 2016
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Chapter 2: csr, the corporation and corporate governance: Chapter 1 it was thought that the law could: constrain, facilitate and prescribe socially responsible behaviour. P. 2-2: corporate social responsibility and the changing legal environment for. Shamir believes that foucauldin analysis of nee-liberal governmentality is a new technique for controlling individuals by responsibilizing them to self-manage and self-regulate social risks. Businesses were given increasingly amounts of autonomy (self-government) Encourage a system of brutal and thoughtless speculation. Shift from individuals owing the business to the corporation being its own separate legal person. The effect of legal de- responsibilization ** see highlighted area the effect was to ensure that investors investments were increasing while managing the societal and moral objectives to a minimum. Public interest is not important or apart of the de- responsibilization corporation and that there are no designed in incentives for corporations who consider societal or moral implications in their decision-making.
