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- Director_primacy abstract "Director Primacy is a theory of the firm that was introduced by Stephen M Bainbridge (Professor - UCLA School of Law) in an article in Northwestern University Law Review in 2003 Vol 97 No 2. He argues that traditional firm theory is based on a false premise that the board's authority derives from the owners. He argues that while the board is appointed by the owners, the nature of the appointment is one in which the power to be exercised is not under the control of the appointing members. Once appointed then, directors are almost unfettered in their exercise of their powers. However, they are subject to overarching fiduciary responsibility which aligns their required actions with a shareholder wealth maximization principle.".
- Director_primacy wikiPageID "12939362".
- Director_primacy wikiPageLength "870".
- Director_primacy wikiPageOutDegree "9".
- Director_primacy wikiPageRevisionID "621020942".
- Director_primacy wikiPageWikiLink Board_of_directors.
- Director_primacy wikiPageWikiLink Category:Corporate_law.
- Director_primacy wikiPageWikiLink Category:Philosophy_of_law.
- Director_primacy wikiPageWikiLink Company.
- Director_primacy wikiPageWikiLink False_premise.
- Director_primacy wikiPageWikiLink Fiduciary.
- Director_primacy wikiPageWikiLink Shareholder.
- Director_primacy wikiPageWikiLink UCLA_School_of_Law.
- Director_primacy wikiPageWikiLinkText "Director primacy".
- Director_primacy subject Category:Corporate_law.
- Director_primacy subject Category:Philosophy_of_law.
- Director_primacy hypernym Theory.
- Director_primacy type Work.
- Director_primacy comment "Director Primacy is a theory of the firm that was introduced by Stephen M Bainbridge (Professor - UCLA School of Law) in an article in Northwestern University Law Review in 2003 Vol 97 No 2. He argues that traditional firm theory is based on a false premise that the board's authority derives from the owners. He argues that while the board is appointed by the owners, the nature of the appointment is one in which the power to be exercised is not under the control of the appointing members.".
- Director_primacy label "Director primacy".
- Director_primacy sameAs Q5280580.
- Director_primacy sameAs m.02z0p0x.
- Director_primacy sameAs Q5280580.
- Director_primacy wasDerivedFrom Director_primacy?oldid=621020942.
- Director_primacy isPrimaryTopicOf Director_primacy.