The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Fri, 19 Jun 2026 11:32:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Professor Bebchuk’s Errant Attack on Stakeholder Governance – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Professor Bebchuk’s Errant Attack on Stakeholder Governance https://corpgov.law.harvard.edu/2020/03/04/professor-bebchuks-errant-attack-on-stakeholder-governance/?utm_source=rss&utm_medium=rss&utm_campaign=professor-bebchuks-errant-attack-on-stakeholder-governance https://corpgov.law.harvard.edu/2020/03/04/professor-bebchuks-errant-attack-on-stakeholder-governance/#comments Wed, 04 Mar 2020 14:23:19 +0000 https://corpgov.law.harvard.edu/?p=127421?d=20200304092319EST Posted by Martin Lipton, Wachtell, Lipton, Rosen & Katz, on Wednesday, March 4, 2020
Editor's Note:

Martin Lipton is a founding partner of Wachtell, Lipton, Rosen & Katz, specializing in mergers and acquisitions and matters affecting corporate policy and strategy. This post is based on a Wachtell Lipton memorandum by Mr. Lipton, David M. Silk, William Savitt, Sabastian V. Niles, and Carmen X. W. Lu. This post relates to a recent study issued by the Program on Corporate Governance, The Illusory Promise of Stakeholder Governance, by Lucian Bebchuk and Roberto Tallarita (discussed on the Forum here).

In an article posted on the Harvard Law School Forum on Corporate Governance blog, Professor Lucian Bebchuk rejects stakeholder governance and, in so doing, attacks the committed positions of influential institutions as varied as the Business Roundtable, the World Economic Forum, BlackRock, State Street, Vanguard, the UK Financial Reporting Council, and the European Union High-Level Expert Group on Sustainable Finance.

Professor Bebchuk summarizes his article as follows:

(more…)

]]> https://corpgov.law.harvard.edu/2020/03/04/professor-bebchuks-errant-attack-on-stakeholder-governance/feed/ 4