The Erik Castrén Institute of International Law and Human Rights
Faculty of Law
P.O. BOX 4 (visiting address: Yliopistonkatu 3)
Tel: +358 (0)29 4123140



Guest lecture by Prof. Dan Danielsen (Northeastern University School of Law, Boston)

Time: 17 March 2014 at 16.15-18.00
Venue: Porthania, room P669 (Yliopistonkatu 3, 6th floor)

Registration is not required. Welcome!

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Beyond Corporate Governance: Why a new Approach to the Study of Corporate Law is needed to Address Global Inequality and Economic Development

Prof. Dan Danielsen

Abstract: For more than 40 years, corporate law scholars have been focused principally on issues of “corporate governance” understood as the study of rules governing the internal allocation of power among shareholders and managers within a single firm, and its global corollary, “comparative corporate governance” focused on the impact of domestic share ownership patterns in different countries.  In the development field, corporate scholars have largely focused on identifying “best practice” corporate governance rules designed to lead to the productive efficiency of individual domestic firms or that lead to patterns of share ownership that increase the efficiency of domestic capital markets.  While the questions traditionally take up by scholars of corporate law and economic development are not unimportant ones, I will argue that engaging issues of inequality and growth under conditions of modern capitalism will require a different approach.  Specifically, using global textile production and the recent spate of catastrophic incidents in textile factories in Bangladesh as a representative example, I will suggest that attention relations between firms and between firms and the state are crucial to addressing issues of corporate power, distributional equity and economic growth in the modern global economy.

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Dan Danielsen is Professor of Law at Northeastern University School of Law. He teaches on Corporations, Law and Development, International Business Regulation, International Law and Conflict of Laws. Danielsen’s research explores the complex role of the business firm in global governance.