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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 wikiPageRevisionID "452322862".
- Director_primacy hasPhotoCollection Director_primacy.
- Director_primacy subject Category:Corporations_law.
- Director_primacy subject Category:Philosophy_of_law.
- 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 m.02z0p0x.
- Director_primacy sameAs Q5280580.
- Director_primacy sameAs Q5280580.
- Director_primacy wasDerivedFrom Director_primacy?oldid=452322862.
- Director_primacy isPrimaryTopicOf Director_primacy.