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This article explore the corporate limited ownership theory in U.S. corporation law. This research argue the new understanding of the corporation law via application of philosophy into law. This works proffers to harmonize, to a degree. some of the discordance between the traditional and progressive camps of corporate law scholarship. This piece shows that the traditional conceptualization of the corporation can be substantially accord with the ends promoted by progressive approaches to corporate law.
This reconciliation is made possible via recourse to an Aristotelian understanding of ownership. For if one uphold an Aristotelian approaching of ownership. one could argue that corporate shareholders are indeed the owners of the corporation, but Aristotelian limitations on the rights of ownership enable boards of directors to exercise their agency obligations on behalf of the shareholders in a way that is consistent with the common good.
This harmonization is useful in that it enables one to argue for increased consideration of non-shareholder stakeholder by boards of directors without being pressured to disassociate one's self from the traditional norm.
Additionally, since the argument in the paper retains the traditional molding of the company as shareholder-owned, it generally reaffirms shareholder primacy and restrains from the more aggressive positions taking by some within the progressive corporate law camp, and thus presents a compromise answer to the question for whose sake ought a enterprise be managed?
This essay explain three point of views regarding conceptualization of corporation in Chapter Ⅱ and describe interpretation of Aristotelian understanding as well as modern view of ownership in chapter Ⅲ. Without leaning to one side, I bring up new interpretation of corporation law and suggest the justification of that approach in chapter Ⅳ.
This reconciliation is made possible via recourse to an Aristotelian understanding of ownership. For if one uphold an Aristotelian approaching of ownership. one could argue that corporate shareholders are indeed the owners of the corporation, but Aristotelian limitations on the rights of ownership enable boards of directors to exercise their agency obligations on behalf of the shareholders in a way that is consistent with the common good.
This harmonization is useful in that it enables one to argue for increased consideration of non-shareholder stakeholder by boards of directors without being pressured to disassociate one's self from the traditional norm.
Additionally, since the argument in the paper retains the traditional molding of the company as shareholder-owned, it generally reaffirms shareholder primacy and restrains from the more aggressive positions taking by some within the progressive corporate law camp, and thus presents a compromise answer to the question for whose sake ought a enterprise be managed?
This essay explain three point of views regarding conceptualization of corporation in Chapter Ⅱ and describe interpretation of Aristotelian understanding as well as modern view of ownership in chapter Ⅲ. Without leaning to one side, I bring up new interpretation of corporation law and suggest the justification of that approach in chapter Ⅳ.
목차
Ⅰ. 서론
Ⅱ. 회사 개념에 대한 이해
Ⅲ. 소유권 개념에 대한 이해
Ⅳ. 회사제도의 새로운 해석론
Ⅴ. 결론
參考文獻
〈Abstract〉
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UCI(KEPA) : I410-ECN-0101-2010-366-001665494