Construct · 1 fields · 1 citations

management passivity rule: a standalone construct

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Corporate law

the proposal that target managers should remain passive when a tender offer is made, leaving the decision to shareholders.

In corporate law, management passivity rule refers to the proposal that target managers should remain passive when a tender offer is made, leaving the decision to shareholders. This meaning comes from Easterbrook (1981) in Harvard Law Review.[1]

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Nearby constructs

offer1 fields · 1 citationsanchor · a standalone construct target4 fields · 6 citationsjingle · one word, four constructs tender2 fields · 3 citationsjingle · one word, two constructs

References

Easterbrook, F. H., & Fischel, D. R. (1981). The Proper Role of a Target's Management in Responding to a Tender Offer. Harvard Law Review, 94(6), 1161. https://doi.org/10.2307/1340753

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