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The Business Lawyer | Summer 2022

Volume 77, Issue 3

Symposium

Least-Cost Altruists and ESG Firms

Saul Levmore

The ESG movement is unlikely to maximize shareholder or social welfare. Better information might be provided by intermediaries that can be expected to arise.

Jul 28, 2022 32 min read

The Excessive Ambitions of Stakeholder Ideology

Richard A. Epstein

Under the traditional shareholder primacy doctrine, corporate decisions were to be made with a single objective: the maximization of shareholder welfare.

Jul 28, 2022 29 min read

Articles

Survey–Federal Regulation of Securities

Survey - Federal Regulation of Securities: Introduction

Subcommittee on Annual Review - Committee on Federal Regulation of Securities

The Review covers significant developments in federal securities law and regulation during 2021. The Review is divided into three sections: regulatory actions, accounting statements, and caselaw deve…

Jul 28, 2022 2 min read

Section II: Accounting Developments 2021

Karen J Garnett and Christina M. Thomas

In 2021, the Financial Accounting Standards Board (the “FASB” or the “Board”) issued ten Accounting Standards Updates (“ASUs”) to its Accounting Standards Codification (“ASC” or the “Codification”),…

Jul 28, 2022 23 min read