The role of the corporation in society is undergoing profound change. With a seismic shift towards the concentration of corporate ownership in the hands of institutional investors and the private ownership of companies, corporate boards and management are facing unprecedented shareholder and societal demands. This includes the proliferation of shareholder activism and institutional investor calls for sustainable investment strategies.

The mission of the Millstein Center is to positively shape and influence the future of the corporation in this new paradigm. Through engagement with business leaders, corporate boards, investors, the legal community and academics, the Center creates meaningful dialogue, while balancing conflicting points of view, to strengthen corporate governance and performance.

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Articles

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A Computational Analysis of Constitutional Polarization, David E. Pozen, Eric L. Talley, and Julian Nyarko

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Anti-Herding Regulation, Ian Ayres and Joshua Mitts

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Contracting Out of the Fiduciary Duty of Loyalty: An Empirical Analysis of Corporate Opportunity Waivers, Gabriel Rauterberg and Eric L. Talley

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Corporate Governance and Executive Compensation: Evidence from Japan, Robert J. Jackson Jr. and Curtis J. Milhaupt

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Corporate Political Speech: Who Decides, Lucian A. Bebchuk and Robert J. Jackson Jr.

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Finding Order in the Morass: The Three Real Justifications for Piercing the Corporate Veil, Jonathan Macey and Joshua Mitts

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Informed Trading and Cybersecurity Breaches, Joshua Mitts and Eric L. Talley

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Mandatory Disclosure and Individual Investors: Evidence from the Jobs Act, Colleen Honisberg, Robert J. Jackson Jr., and Yu-Ting Forester Wong

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Nine Justices, Ten Years: A Statistical Retrospective, Robert J. Jackson Jr. and Thiruvendran Vignarajah

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Recent Cases: Appellate Procedure - Force of Circuit Precedent - Ninth Circuit Holds That Three-Judge Panels May Declare Prior Cases Overruled When Intervening Supreme Court Precedent Undercuts the Theory of Earlier Decisions, Robert J. Jackson Jr.

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Rethinking Retroactivity, Robert J. Jackson Jr.

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Stock Unloading and Banker Incentives, Robert J. Jackson Jr.

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The Agency Costs of Agency Capitalism: Activist Investors and the Revaluation of Governance Rights, Ronald J. Gilson and Jeffrey N. Gordon

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The Law and Economics of Blockholder Disclosure, Lucian A. Bebchuk and Robert J. Jackson Jr.

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Toward a Constitutional Review of the Poison Pill Essay, Lucian A. Bebchuk and Robert J. Jackson Jr.

Essays

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Bank Resolution in the European Banking Union: A Transatlantic Perspective on What It Would Take, Jeffrey N. Gordon and Wolf-Georg Ringe

Podcasts

Beyond "Unprecedented" S1 Ep0: Introduction, Eric L. Talley

Beyond "Unprecedented" S1 Ep1: Essential – and Broke, Eric L. Talley, Katharina Pistor, and Michael J. Graetz

Beyond "Unprecedented" S1 Ep2: Can the Fed Rescue Us?, Eric L. Talley, Peter Conti-Brown, and Kathryn Judge

Beyond "Unprecedented" S1 Ep3: A New Chapter for Bankruptcy?, Eric L. Talley, Edward R. Morrison, and Kate Waldock

Beyond "Unprecedented" S1 Ep4: Helping Small Businesses Survive – and Thrive, Eric L. Talley, Lynnise E. Pantin, and Tim Wu

Beyond "Unprecedented" S1 Ep5: A Shareholder-Stakeholder Smackdown, Eric L. Talley, Ira M. Millstein, and Leo E. Strine Jr.

Beyond "Unprecedented" S1 Ep6: Pandemic Pressures on Global Trade, Eric L. Talley, Anu Bradford, and Petros C. Mavroidis

Beyond Unprecedented S2 Ep0: Reintroducing Beyond Unprecedented, Eric L. Talley, Kate Waldock, and Stacey Vanek Smith

Beyond Unprecedented S2 Ep1: You Can’t Hire Me, I Quit!, Eric L. Talley, Kate Waldock, and Kate Andrias

Beyond Unprecedented, S2 Ep2: Meme Stock Mania, Eric L. Talley, Kate Waldock, and Joshua Mitts

Beyond Unprecedented S2 Ep3: The Rise – and Results – of Shareholder Activism, Eric L. Talley, Kate Waldock, and Anne E. Robinson

Beyond Unprecedented S2 Ep4: Nothing Ventured, Nothing Gained, Eric L. Talley, Kate Waldock, Talia B. Gillis, and Alejandro Gerrero

Working Papers

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Appraisal Arbitrage and Shareholder Value, Scott Callahan, Darius Palia, and Eric L. Talley

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Appraising the "Merger Price" Appraisal Rule, Albert H. Choi and Eric L. Talley

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Being True to Trulia: Do Disclosure-Only Settlements in Merger Objection Lawsuits Harm Shareholders?, Eric L. Talley and Giuseppe Dari‐Mattiacci

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Board 3.0 – An Introduction, Ronald J. Gilson and Jeffrey N. Gordon

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Don't Go Chasing Waterfalls: Fiduciary Duties in Venture Capital Backed Startups, Sarath Sanga and Eric L. Talley

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Global Investor-Director Survey on Climate Risk Management, Kristin Bresnahan, Jens Frankenreiter, Sophie L'Helias, Brea Hinricks, Nina Hodzic, Julian Nyarko, Sneha Pandya, and Eric L. Talley

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Is EU Merger Control Used for Protectionism? An Empirical Analysis, Anu Bradford, Robert J. Jackson Jr., and Jonathon Zytnick

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The Origins of a Capital Market Union in the United States, Jeffrey N. Gordon and Kathryn Judge