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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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