Journal of Business Ethics 17 (1):7 - 13 (1998)
|Abstract||This paper investigates board judgment in response to management led buyouts (MLBs). Board response is suggested to be guided by the business judgment rule and its dual duties of care and loyalty. The duty of loyalty is seen to be evolving into a specification of fair dealing. With this trend, the current interpretation of the business judgment rule emphasizes the role of care and relies on the market to insure fairness. Possible failures in the MLB market which limit its effectiveness in assuring fairness are discussed. Recommendations to counteract these failures are suggested.|
|Keywords||No keywords specified (fix it)|
|Through your library||Configure|
Similar books and articles
Morten Huse, Sabina Tacheva Nielsen & Inger Marie Hagen (2009). Women and Employee-Elected Board Members, and Their Contributions to Board Control Tasks. Journal of Business Ethics 89 (4):581 - 597.
Garry D. Bruton, J. Kay Keels & Elton Scifres (1999). The Ethics of the Complete Management Buyout Cycle: A Multi-Perspective Analysis. Journal of Business Ethics 19 (4):403 - 413.
Robert Almeder & David Carey (1991). In Defense of Sharks Moral Issues in Hostile Liquidating Takeovers. Journal of Business Ethics 10 (7):471 - 484.
Allen Kaufman (2002). Managers' Double Fiduciary Duty: To Stakeholders and to Freedom. Business Ethics Quarterly 12 (2):189-214.
Chase B. Wrenn (2007). Why There Are No Epistemic Duties. Dialogue: The Canadian Philosophical Review 46 (01):115-136.
Michael L. McIntyre & Steven A. Murphy (2007). Board of Director Effectiveness Committees. International Journal of Business Governance and Ethics 3 (4):461-472.
Timothy Pinghsun Huang, Jacquelyn Sue Moffitt J. Louwers & Yan Zhang (2008). Ethical Management, Corporate Governance, and Abnormal Accruals. Journal of Business Ethics 83 (3).
Pinghsun Huang, Timothy J. Louwers, Jacquelyn Sue Moffitt & Yan Zhang (2008). Ethical Management, Corporate Governance, and Abnormal Accruals. Journal of Business Ethics 83 (3):469 - 487.
Thomas M. Jones & Reed O. Hunt (1991). The Ethics of Leveraged Management Buyouts Revisited. Journal of Business Ethics 10 (11):833 - 840.
Added to index2009-01-28
Total downloads3 ( #202,139 of 551,105 )
Recent downloads (6 months)0
How can I increase my downloads?