The scholarship on fiduciary duties in business organizations is often pulled in two directions. While most observers would agree that business organizations are one of the key contexts for the application of the fiduciary obligation, corporate law theorists have often expressed disdain for the role of fiduciary duties, with the result that fiduciary law and theory have been out of step with the business world. This volume aims to rectify this situation by bringing together a range of scholars to analyze fiduciary relationships and the fiduciary obligation in the business context. Contributing authors examine fiduciary obligations in fields ranging from entity structure to bankruptcy to investment regulation. The volume demonstrates that fiduciary law can inform pressing corporate governance debates, including discussions over stakeholder models of the corporation that move beyond shareholder interests.

‘Encyclopedic, authoritative, and up-to-date, this work immediately establishes itself as the gold standard resource for anyone interested in fiduciary law as applied to all forms of business relationships. Start here, and you might not have to look anywhere else.’

Joseph A. Grundfest - The William A. Franke Professor of Law and Business at Stanford Law School and former Commissioner, Securities and Exchange Commission

‘The collection illuminates the central role fiduciary duties play in the business context. It presents thoughtful and diverse perspectives on critical problems in governance, such as addressing short-termism, balancing the interests of shareholders and other stakeholders, and minimizing corporate scandals. The book should be read by lawyers, judges, regulators, and businesspeople alike.’

Vice Chancellor J. Travis Laster - Delaware Court of Chancery