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CALIFORNIA CORPORATE & SECURITIES LAW

On Closer Inspection, This CII “Best Practice” May Be Neither Good Nor Legal

The Council of Institutional Investors has adopted what it describes as “a comprehensive body of corporate governance best practices”, including Policies on Corporate Governance.  I question, however, whether some of these policies really are “best practices” or even in conformity with applicable law. For example, the Section 3.7 of the CII’s Policies on Corporate Governance unequivocally, and without…

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Jeremy Bentham – Present But Not Voting

In Monday’s post, I quoted Justice Antonin Scalia and Bryan Garner quoting Jeremy Bentham.  Although Bentham studied, wrote about and criticized the law, he did not practice it.  He is most famously known for his association with the doctrine of utilitarianism.  As it turns out, his mortal remains illustrate an important corporate governance principle –…

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