When and how do a handful of states or nations take on outsized legal significance through legislation aimed at specific subjects? For example, jurisdictions with legislation focused on corporate law (Delaware) or legislation focused on outlier tax rates (tax whore nations and states, such as Bermuda, Ireland or Florida). Do the outlier jurisdictions become dominant
The age of inter-connectedness and scrutiny is making it harder to control reputation and spin, and business impacts can be severe. Just ask the now bankrupt entities that until recently were happily and profitably "processing" the "pink slime" sold as some form of "meat."
Law reviewers are now taking on larger targets, such as Chevron.
Kevin LaCroix of the D & O Diary has an interesting, new post on "benefit corporations." That is, companies aimed at achieving goals desired by its shareholders, regardless of "maximizing shareholder value." (One might argue the two are one and the same, but that’s a topic for another day). The post describes various state…