Professor Hillary Sale of the University of Iowa College of Law reviews here an essay by Vice Chancellor Leo Strine, Jr. of the Delaware Court of Chancery. The essay is part of an upcoming symposium issue of Iowa’s Journal of Corporation Law. For anyone interested in the views of at least one member of the Chancery Court on corporate governance policy, it is must reading. Here is Professor Hillary Sale’s introductory summary of the article:
In the essay, Vice Chancellor Strine explores some of the key corporate governance challenges facing corporate actors today. What makes his essay unique is his emphasis on bringing both labor and management into the governance picture. Vice Chancellor Strine urges shareowners to focus their activism on long-run corporate performance and stresses that labor and management ought to work together on these issues.