Professor Andrews argues that the American Law Institute's Principles of Corporate Governance and Structure: Restatement and Recommendations fails to consider the recent evolution of the large publicly held corporation and the relationship among shareholders, the board, and management. He suggests that the legal and management communities work together to solve the problems in corporate governance.
Kenneth R. Andrews,
Corporate Governance Eludes the Legal Mind,
37 U. Miami L. Rev.
Available at: http://repository.law.miami.edu/umlr/vol37/iss2/4