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Business and Climate Change: Expert Advice on the Run-Up to Paris

The Wharton Risk Center organized an excellent panel yesterday (supported also by the Penn Law Program on Regulation and Wharton’s Initiative for Global Environmental Leadership (IGEL)) featuring four members of the Intergovernmental Panel on Climate Change (IPCC) and discussing “Climate Change Policy and the Upcoming Paris COP21 Talks.” Howard Kunreuther of Wharton organized and moderatedRead More

Disruptive Legal Technologies: Benefit Corporations and the Crowdfunding of Firms

Two recent developments in the law and practice of business include:  (1) the advent of benefit corporations (and kindred organizational forms) and (2) the application of crowdfunding practices to capital-raising for start-ups.  My thesis here is that these two innovations will become disruptive legal technologies.  In other words, benefit corporations and capital crowdfunding will changeRead More

Business and Climate Change: Expert Advice on the Run-Up to Paris

The Wharton Risk Center organized an excellent panel yesterday (supported also by the Penn Law Program on Regulation and Wharton’s Initiative for Global Environmental Leadership (IGEL)) featuring four members of the Intergovernmental Panel on Climate Change (IPCC) and discussing “Climate Change Policy and the Upcoming Paris COP21 Talks.” Howard Kunreuther of Wharton organized and moderatedRead More

New U.S.-China Climate Contract: A Step Forward!

The surprise announcement of an agreement today between President Obama and President Xi on climate change provides welcome news.  Although not yet formalized (and devils always lie in the details), the executive agreement commits the United States to a 26 to 28 percent reduction of greenhouse gas emissions by 2025 (from a 2005 base), doublingRead More

Disruptive Legal Technologies: Benefit Corporations and the Crowdfunding of Firms

Two recent developments in the law and practice of business include:  (1) the advent of benefit corporations (and kindred organizational forms) and (2) the application of crowdfunding practices to capital-raising for start-ups.  My thesis here is that these two innovations will become disruptive legal technologies.  In other words, benefit corporations and capital crowdfunding will changeRead More

New Directions in Corporate Disclosure: Politics, Environment, and Religion

Corporate disclosure, especially in securities regulation, has been a standard regulatory strategy since the New Deal. Brandeisian “sunlight” has been endorsed widely as a cure for nefarious inside dealings. An impressive apparatus of regulatory disclosure has emerged, including annual and quarterly reports enshrined in Forms 10K and 10Q. Other less comprehensive disclosures are also required:Read More