Corporate Legitimacy, Conduct, and Governance - Two Models of the Corporation

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Authors

Eisenberg, Melvin Aron

Issue Date

1984

Volume

17

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Journal Article

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FIRST PARAGRAPH(S)|The large publicly held corporation is one of the dominant social institutions of our time. Over the last fifty years, a sharpened perception of the significance of this institution has given rise to extended discussion of its legitimacy, conduct, and governance. To place this discussion in perspective, and to analyze the major questions involved, I shall develop and compare two competing models of the large publicly held corporation. [hereinafter simply "the corporation"] which I shall call the Political Model and the Economic Model. Each Model can be thought of as a structure consisting of five closely linked cells housing positions on five fundamental issues of corporate governance...

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17 Creighton L. Rev. 1 (1983-1984)

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Creighton University School of Law

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