We need a new set of principles that would be seeded into the DNA of every business and move them away from being legally bound to "maximise shareholder profit", which is the root cause of global economic injustice.
The company is legally bound to inform shareholders of any material legal disputes in such documentation.
The earnings are bound to please shareholders, and it may also please the government to see the country's biggest banks adding capital and reserves.
But in a clever move bound to have its shareholders' heads spinning, Xstrata claims it has decoupled the two issues by separating the vote.
Its liberal dividend policy of paying $10 billion in cash to shareholders is bound to be reduced to conserve cash for the costs of cleanup, law suits and capital expenditures to put its deep water projects in a safe and secure condition.
A system that favours certain borrowers over ordinary savers or bank shareholders is bound to back ill-judged projects and run up bad debts, argue the bears.
American General's board and management are legally bound to try, on behalf of shareholders, to get A.I.G. to raise its offer made on April 3.
The court, reaffirming an important precedent, ruled that boards have the right to manage their companies and are not duty bound to follow the wishes of shareholders.
Unfortunately, RIM has been struggling mightily of late, and when a once-enormous public company falls on hard times, lays off thousands of employees, and loses large chunks of its market share to the competition, investors and shareholders are bound to get antsy.
"By addressing the quality of a particular management practice, a defendant declares the subject of its representation to be material to the reasonable shareholder, and thus is bound to speak truthfully".
