The Influence of Social Responsibility in Modern Corporation Law

ByROBERT ALEX FLEMING

This article evaluates Hobby Lobby Stores, the US Supreme Court case that addresses among other things the issue of whether current law requires for-profit corporations to pursue profit at the expense of everything else.1 We explore the existence and extent of for-profit corporations engaging in social responsibility and pursuing more than profits and how they have developed and legislated. In support to this conclusion, the Supreme Court argues that there may be firms following religious…

Corporate Board and Officers

Corporate Board and Officers:  How their actions affect investors.

ByROBERT ALEX FLEMING

If the purchase of Twitter is completed, market mechanisms will have disposed of their top managers and members of the corporate board. Otherwise, they would still be directing the firm.  Without getting into the debate of whether these executives were steering the company to the right direction, it is important to realize how many of these public company managers lead their business with little or no accountability. You may ask, if shareholders can benefit from…

commercial arbitration in Puerto Rico

Commercial Arbitration in Puerto Rico

ByROBERT ALEX FLEMING

Commercial Arbitration Commercial arbitration in Puerto Rico is generally based in contractual law. This implies that  Arbitration agreements in Puerto Rico are constructed  as contracts and agreements  that allow parties to structure how to manage their contractual disputes using arbitrators functioning under specifically delegated powers. It is a widely used and preferred method of conflict resolution promoted by a strong national policy and enforced by federal and state laws. Leveraging the benefits of privacy, efficiency…

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Puerto Rico Dealers, Franchises, Distributors and Sales Reps May Be Protected by Acts 75 and 21

ByROBERT ALEX FLEMING

Businesses including franchises wishing to market their products in Puerto Rico must be aware of two important laws that regulate the commercial relationship between a principal and a distributor.  These are Puerto Rico Dealers Act Law 75 and Law 21.  The laws were enacted to protect Puerto Rico distributors, dealers and sales representatives from a manufacturer’s arbitrary termination or impairment of their commercial relationship.  Both laws are liberally interpreted in favor of those who carry…

Confronting Bad Worker Attitude

Confronting Bad Worker Attitude

ByROBERT ALEX FLEMING

If you are a boss that relies on disciplinary memos to improve employees’ attitudes or performance you should know by now, it rarely works.  Written warnings are often crafted too late when the supervisor no longer wants to deal with the employee.  Fearing legal issues, you begin crafting memos to reprimand the employee on every possible violation. You go from no confrontation to major confrontation.  At this point the corrective nature of the memo is…