The following post comes to us from John Chrisman, partner at Dorsey & Whitney LLP specializing in mergers & acquisitions and capital markets, and is based on a Dorsey publication by Mr. Chrisman, Eden McMahon, and David Richardson; the full text, including footnotes, is available here.
For months Alibaba Group Holding Limited (“Alibaba”) had tried to convince the Stock Exchange of Hong Kong Limited (“SEHK”) that they should open their doors to the internet giant. Alibaba had proposed a system through which a handpicked group of “partners” would nominate a majority of its board. At the time, commentators rushed to report that Alibaba was seeking to implement a dual share class structure, threatening investor protections. Alibaba had offered an alternative take and tried to convince the public that there was no story at all: their proposed partnership structure merely offered an “alternative view of good corporate governance”. Charles Li, the Chief Executive of the SEHK was meanwhile hearing voices from all sides in his dreams.
Bebchuk and Coates Articles Selected Among the Top Ten Corporate and Securities Articles of 2013
More from: John Coates, Lucian Bebchuk
This year’s list of the Ten Best Corporate and Securities Articles, selected by an annual poll of corporate and securities law academics, includes two selections from Harvard Law faculty associated with the Program on Corporate Governance: Professor Lucian Bebchuk and Professor John Coates.
The top ten articles were selected from a field of 550 pieces. Professor Robert Thompson of Georgetown Law School conducted the annual poll, and the selected articles will be reprinted in an upcoming issue of the Corporate Practice Commentator.
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