University of Wisconsin Law School Professor Yaron Nili’s article “Shadow Governance,” co-authored with Prof. Cathy Hwang and published in the California Law Review, was named as one of Corporate Practice Commentator’s 10 Best Articles of 2020.
The article provides a detailed empirical account of non-charter, non-bylaw governance documents and examines how these various documents influence corporate decision-making and corporate behavior.
“Broadening the prism to account for the entire governance ecosystem of a corporation rather than merely focusing on a corporation’s foundational documents allows for a better understanding of a corporation’s internal governance as well as its response to shareholders and other stakeholders,”says Nili.
Teachers in corporate and securities law were asked to select the best corporate and securities articles from a list of articles published in legal journals during 2020. More than 320 articles were on this year’s list.
Nili, an expert in corporate law, securities law, and corporate governance, has a particular focus on the role and function of the board of directors, shareholder voting, engagement and activism, hedge funds and private equity.
Submitted by Law School News on April 29, 2021
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