Oregon Law Review : Vol. 88 No. 2, p.491-514 : Race to the Left: A Legislator’s Guide to Greening a Corporate Code
Date
2009
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of Oregon Law School
Abstract
This Article proceeds as follows. Part I recounts previous bouts of
interstate competition for corporate charters and notes the “race-tothe-
bottom” and “race-to-the-top” theories that purport to explain
their results. Part I then describes the current movement toward green
or sustainable business practices, notes the compatibility of these
practices with current corporate law, and posits that the trend will
trigger a new race among states to attract corporate charters—not to
the bottom nor to the top but rather “to the left.”2 Part II opens with a
description of Oregon’s recent efforts to make its corporate law more
amenable to green businesses, and then the Article proposes a
comprehensive agenda for greening a state’s corporate code.
Description
24 p.
Keywords
Corporation law, Corporate law, Sustainable business practices