The Shareholder Value Myth
Is maximizing shareholder wealth the primary purpose of a public corporation? Not according to Cornell University law professor Lynn Stout. Stout asserts there is no legal mandate for corporations or boards of directors to maximize shareholder value. Stout argues the prevailing norm – the “myth” – undermines the economy and public well-being. Join CEBC members and guests to hear Lynn Stout’s argument and to ask her a number of critical questions. Stout’s address will be followed by reflections from a panel including John Sullivan, J.D., retired senior vice president, general counsel and corporate secretary at Imation Corp.; and David Vang, Ph.D., professor in the Finance Department at the University of St. Thomas Opus College of Business. The dialogue will be moderated by Ron James, CEBC president and CEO. 1.25 hours of standard MN C.L.E. have been approved (event code 187471). Advanced registration is required.
Monday, February 24, 2014
4:30 PM - 6:00 PM
The program is free and open to the public.
Further information about this event and links to registration can be found at the link below.