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35 U.C. Davis L. Rev. 667 (2001-2002)
Team Production and the Progressive Corporate Law Agenda

handle is hein.journals/davlr35 and id is 681 raw text is: Team Production and the Progressive Corporate Law Agenda Peter C. Kostant TABLE OF CONTENTS INTRO DUCTION ................................................................................................ 668 I. THE TEAM PRODUCTION MODEL ........................................................ 672 II. PROGRESSIVE CORPORATE LAW: THE HOLISTIC APPROACH ............ 674 A. Corporate Communitarians .......................................................... 674 B. Corporate Social Responsibility: Williams on the Importance of Disclosure and Transparency ................................................... 677 C. Corporate Social Responsibility: Greenfield on Corporate Law as R egulatory Tool ........................................................................ 679 III. CORPORATE SOCIAL RESPONSIBILITY: How UNDERSTANDING AND APPLYING THE TEAM PRODUCTION MODEL CAN HELP GENERATE NEW NORMS OF CONDUCT .............................................. 684 A. Independent Directors are More Likely to Act in Compliance with the Law and Ethical Constraints .......................................... 684 B. Response to Some Criticisms of TPM .......................................... 690 C. Ameliorative Voice, Enhanced Loyalty and the Efficacy of T ru st ............................................................................................. 6 9 6 C O N CLUSION ................................................................................................... 703 . Visiting Professor, University of Iowa College of Law; Associate Professor, Roger Williams University School of Law. I would like to thank Professors Iris Bohnet, Kent Greenfield, and John Humbach for their valuable suggestions. Professor Richard Hasen and Loyola Law School of Los Angeles were kind enough to allow me to present an earlier draft of this article at a faculty workshop in October 2001. My student research assistants Irina Uromova, Nedzida Salihovic, Alexandra Cohen, and Susan Schenck also provided valuable help. Additionally, I thank the University of California, Davis, School of Law and Professor Tom Joo for inviting me to attend the Law Review's Symposium on Corporate Governance. Also, I would like to thank Sharon Smith at U.C. Davis Law Review for her editorial assistance with the Article.

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