The document discusses the enforcement of fiduciary discourse standards in corporate governance, focusing on the obligation of candor, completeness, and good-faith. It explores the concept of 'stakeholder derivative' suits and the extension of federal securities laws to non-shareholding stakeholders. The document also examines Michael Jensen's analysis of 'integrity' in corporate agents, suggesting that integrity can improve corporate value through a different discourse norm. Jensen's concept of integrity involves honoring one's word, which differs from merely keeping one's word.
doj/DataSet10/EFTA01379763.pdf
{"key_people":["Michael Jensen","Werner H. Erhard","Steve Zaffron"],"document_type":"legal","document_subtype":"legal analysis","reference_numbers":["87 DB-SDNY-0077544","SDNY_GM_00223728","EFTA01379763"]}