Cardozo-Brookdale Center-Jacob Burns Moot Court Room, Cardozo-Brookdale Center-Lobby

Jacob Burns Center Open to public 06:00 PM - 07:30 PM

POSTPONED: Rethinking Shareholder Primacy: Creating Corporate Ethical Imperatives

A light reception will follow the panel. Registration is required: please register here. In recent years, Milton Friedman’s shareholder primacy model for corporate governance has faced increased scrutiny, and various solutions to fix what is perceived as a broken corporate culture have been proposed.  Jamie Gamble, a former partner at Simpson Thacher, wrote a piece for Medium proposing a provocative solution – that corporations should implement shareholder-approved ethics rules in their bylaws, addressing the impact of actions on key stakeholders, the community in which the company operates, and the environment. This would potentially give shareholders standing to sue for the violation of these ethical rules.   The Burns and Heyman Centers will host a panel examining the existing shareholder primacy model and exploring potential solutions, including Gamble's proposal. The panel will also discuss how lawyers who advise directors about their fiduciary duties fit into this analysis and whether the implementation of these new solutions would lead to better outcomes.ModeratorJillian Gautier, Executive Director, The Heyman Center on Corporate Law and Governance, Cardozo School of LawPanelistsJamie Gamble, Senior Counsel, Director of the Justice Index Project, National Center for Access to Justice; former Partner, Simpson ThacherAndrew Gold, Professor of Law and Associate Director of the Center for the Study of Business Law and Regulation, Brooklyn Law SchoolPaul Washington, Executive Director, ESG Center, The Conference BoardNY CLE: Approved for 1.5 transitional/non-transitional New York State CLE credits in the category "Ethics & Professionalism".For questions, please email: heyman.events@yu.edu  

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