The third view is that the financial crisis was at least in part caused by a systemic failure of corporate governance the failure of corporate governance was not . By lynn a stout shareholder primacy theory is suffering a crisis of confidence in the shareholder value myth how putting shareholders first harms investors . Issn 1936 5349 print issn 1936 5357 online harvard john m olin center for law economics and business the essential elements of corporate law what is
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