S&C Corporate Governance Leaders Weigh In on Purpose of a Corporation Questions in Financial Times Op-EdOctober 21, 2019
S&C partners Rodgin Cohen, Joseph Frumkin and Melissa Sawyer co-authored an op-ed in the Financial Times on the purpose of a corporation. In the op-ed, the authors reject the argument that considerations of public interest are necessarily at odds with shareholder primacy. “In fact, there need not be a divergence between a legal regime of shareholder primacy and a corporate purpose that takes into account multiple constituencies,” the authors write. “The two can and should be synthesized.”
To read the op-ed in full, click here.
On October 17, Rodgin appeared on CNBC’s “Squawk Box” to discuss the op-ed. Click here to watch the video: