Professor Bainbridge...on law, politics, religion, culture & food

Bainbridge on Say on Pay Part 4

This is the fourth part of a speech I gave to Penn’s Institute of Law and Economics on HR 1257, the say on pay bill, which would give shareholders an advisory vote on executive compensation. In this part, I begin discussing the corporate governance aspects of the law, emphasizing my director primacy theory.

For the revised and extended text of my speech, go here.