Working Paper No. 09-37:
The Misdirection of Current Corporate Governance Proposals
Date Posted: August 2009
Abstract (below) | Full text (most recent) on SSRN
This written testimony accompanied Professor J.W. Verret's oral testimony before the Senate Committee on Banking, Housing, and Urban Development. This testimony argues that corporate governance reforms under consideration in the Senate, including the Shareholder Bill of Rights, will work to limit shareholder choice in corporate elections and risk undermining the role of states in corporate governance.