Posted by Steven L. Schwarcz, Duke University School of Law, on Wednesday, March 30, 2016 Editor's Note: Steven L. Schwarcz is the Stanley A. Star Professor of Law & Business at Duke University School of Law. This post is based on an article by Professor Schwarcz, available here. In Rethinking Corporate Governance for a Bondholder Financed, Systemically Risky World, I re-envision, for systemically important firms, the shareholder-primacy model of corporate governance. The Federal Reserve rece... show all text
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