- Thursday, October 10, 2019 at 12:00PM - 1:15PM
- SLB Room 109
- Open To The Yale Community
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ABSTRACT: It is commonly believed that shareholder profit maximization is the best way for corporations to achieve societal efficiency. However, as corporations are often able to externalize externalities to society in their pursuit of maximization of profits, the notion does not in fact achieve greater societal efficiency. It is argued in this talk that we need to have a decision making structure in corporations that prevents them from externalizing the costs of their operation, and that stakeholder boards would be an effective and efficient way to do that. They will improve societal efficiency, at least in theoretical terms. This talk will also discuss some recent empirical studies on the efficiency of German codetermination boards that appear to lend support to this view.
- From "Do stakeholder boards improve corporations' societal efficiency?" by Professor Say H. Goo of The University of Hong Kong Faculty of Law.
Lunch will be available starting at 12:00 pm; the talk will begin at 12:10 pm.
Please RSVP to the Yale Law School Center for the Study of Corporate Law by Thursday, October 3, 2019.
Sponsored by the Yale Law School Center for the Study of Corporate Law and the Paul Tsai China Center.
Say H. Goo is Professor of Law at the University of Hong Kong Faculty of Law and Director of the Faculty’s Asian Institute of International Financial Law (AIIFL) and Japan and Korea Programme. He joined HKU in 1995 after five years of teaching at the University of Exeter and the University of East Anglia, England. Over the years, he has taught many subjects including Contract Law, Land Law, Company Law, Insolvency Law and Trust, and Corporate Governance. In the past, he has also served as Deputy Head of Department of Law, Admissions Tutor, Founding Director of AIIFL and Founding Director of LLM (CFL) Programme.
He has acted as reviewer for Cambridge University Press, HKU Press, Ashgate Publishing Ltd, Cavendish Publishing Ltd, Journal of Corporate Law Studies (UK), Hong Kong Law Journal, Company and Securities Law Journal (Australia), and Journal of Business Law (UK), and some universities’ promotion exercises. He has also appeared in local TV interviews.
He has delivered lectures in Beijing, Taipei, Tokyo, Zurich, Melbourne, Brisbane and Okinawa, and was invited by Professor John Ruggie of Harvard University (Special Representative of the Secretary General of UN on Business and Human Rights), to speak at an Expert Consultation in Toronto in Support of the Corporate Law Tools Project of the UN Special Representative and nominated by the HK Government to speak at an APEC conference in Washington DC. He has also delivered conference papers in Shanghai, Berlin, Reading, Hong Kong, Macau, Sydney, and Singapore.
Yale Law School Center for the Study of Corporate Law
Paul Tsai China Center