Lynn Stout, Hugh Sinclair

July 12, 2012. Lynn Stout, Distinguished Professor of Corporate & Business Law at Cornell University, discussed the way our perceptions of the role and responsibilities of corporations have changed over recent decades. Her newest book is The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public.

Hugh Sinclair, an economist and former investment banker, has worked with various microfinance banks, peer-to-peer organizations, microfinance investment funds, rating agencies and investors. He discussed his recent book, Confessions of a Microfinance Heretic: How Microlending Lost Its Way and Betrayed the Poor.

Frank Mauro wrapped up the program with a look at Governor Cuomo’s use of commissions to find policy solutions and build compromise on thorny issues. Examples include the Medicaid Redesign Team, the NY Works Task Force, and the New NY Education Reform Commission (discussed by Nikki Jones on The People’s Business, June 6). Yet to be formed: the Tax Reform and Fairness Commission announced by the Governor and legislative leaders in December 2011. (This commission was also emphasized by the Governor in his State of the State address in January 2012, and has been supported by advocates throughout the spring.)