Board Primacy Challenges Shareholder Democracy in Corporate Governance Debate
The article discusses the debate in corporate law about whether shareholders should have more say in how companies are run. Some experts argue that giving more power to the board of directors is better for the company in the long run. However, recent research shows that shareholders are not all just interested in making money. This challenges the idea that only shareholders should have a say in company decisions. The article suggests that maybe other groups should also have a say in how companies are run.