"Lack of Alignment in the Corporate Governance System" - Lecture by The Honorable Leo E. Strine, Jr., Vice Chancellor, Delaware Court of Chancery
May 17, 2010 5:30pm - 8:00pm
5:30 p.m. Reception
6:00 p.m. - 8:00 p.m. Lecture by The Honorable Leo E. Strine, Jr., Vice Chancellor, Delaware Court of Chancery
Introduction by Professor Ronald Gilson, Charles J. Meyers Professor of Law and Business, Stanford Law School
This lecture will address some of the current hot topics in corporate governance, focusing mostly on a central problem: why should we expect corporations to chart a sound long-term course of economic growth, if the so-called investors who determine the fate of their managers do not themselves act or think with the long-term in mind? The Honorable Leo Strine, Jr. will suggest some modest moves toward addressing this substantial policy dilemma to better align the incentives of institutional investors with those of the people whose money they manage. The one fundamental corporate governance question is this: can corporations be managed for the long-term if their powerful electorates do not also act and think long-term?
Sponsored by the Arthur and Toni Rembe Rock Center for Corporate Governance at Stanford University. This event is free and open to the public; registration requested.