Corporate law scholar Prof. Stephen Bainbridge writes about the titular topic, as a supplement to a recent post on these pages, in which the good professor provides additional citations to cases and learned commentary on this issue, in the context of creeping federalization of corporate law.
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.