Senator Elizabeth Warren recently proposed new legislation called the Accountable Capitalism Act, which would make major changes to the corporate governance of U.S. public companies as a way to address income inequality. Warren believes the new legislation would eliminate the huge financial incentives that entice CEOs to buy back their companies' shares rather than reinvest in businesses. She hopes to curb corporations’ political activities. And for the biggest corporations, she’s proposing a dramatic step that would ensure workers and not just shareholders get a voice on big strategic decisions by guaranteeing workers a place on the Board of Directors (a concept called "co-determination"). Come hear from two experts in corporate governance and co-determination - Professors Jeff Gordon and Katharina Pistor - and learn more about what this legislation proposes and what it could mean for the future of governance and capitalism in the U.S.
If you'd like to RSVP or have questions, please contact J.C. White at [email protected].