One of the country’s foremost corporate law scholars, Prof. Stephen Bainbridge, who readers of Delaware corporate law decisions and readers of these pages will recognize as having earned a place in the pantheon of corporate law luminaries, has commented on the titular topic, based on a recent Wall Street Journal article that discusses a backlash by conservatives against CEOs who also have a “side hustle” as “social justice warriors”. The good professor cites to a related law review article he wrote (among the voluminous scholarship he has published), and also muses about:

… why so few conservative activists have seized upon the SEC shareholder proposal rule (Rule 14a-8) to put proposals on company proxy statements supporting conservative causes or opposing woke policies by corporations. Especially when there’s a slightly bored corporate law professor just waiting to advise them.