id	sid	tid	token	lemma	pos
cblr-12481	1	1	corporate	corporate	ADJ
cblr-12481	1	2	technocracy	technocracy	NOUN
cblr-12481	1	3	:	:	PUNCT
cblr-12481	1	4	esg	esg	PROPN
cblr-12481	1	5	governance	governance	NOUN
cblr-12481	1	6	beyond	beyond	ADP
cblr-12481	1	7	shareholder	shareholder	NOUN
cblr-12481	1	8	democracy	democracy	NOUN
cblr-12481	1	9	or	or	CCONJ
cblr-12481	1	10	managerialism	managerialism	NOUN
cblr-12481	1	11	aisha	aisha	PROPN
cblr-12481	1	12	i.	i.	PROPN
cblr-12481	1	13	saad	saad	PROPN
cblr-12481	1	14	*	*	PROPN
cblr-12481	2	1	this	this	DET
cblr-12481	2	2	article	article	NOUN
cblr-12481	2	3	advances	advance	VERB
cblr-12481	2	4	a	a	DET
cblr-12481	2	5	novel	novel	ADJ
cblr-12481	2	6	paradigm	paradigm	NOUN
cblr-12481	2	7	for	for	ADP
cblr-12481	2	8	governing	govern	VERB
cblr-12481	2	9	corporate	corporate	ADJ
cblr-12481	2	10	esg	esg	NOUN
cblr-12481	2	11	that	that	PRON
cblr-12481	2	12	accounts	account	VERB
cblr-12481	2	13	for	for	ADP
cblr-12481	2	14	the	the	DET
cblr-12481	2	15	principal	principal	ADJ
cblr-12481	2	16	-	-	PUNCT
cblr-12481	2	17	agent	agent	NOUN
cblr-12481	2	18	challenges	challenge	NOUN
cblr-12481	2	19	undermining	undermine	VERB
cblr-12481	2	20	prevailing	prevail	VERB
cblr-12481	2	21	proposals	proposal	NOUN
cblr-12481	2	22	.	.	PUNCT
cblr-12481	3	1	esg	esg	NOUN
cblr-12481	3	2	(	(	PUNCT
cblr-12481	3	3	environmental	environmental	ADJ
cblr-12481	3	4	social	social	ADJ
cblr-12481	3	5	governance	governance	NOUN
cblr-12481	3	6	)	)	PUNCT
cblr-12481	3	7	advocates	advocate	NOUN
cblr-12481	3	8	typically	typically	ADV
cblr-12481	3	9	advance	advance	VERB
cblr-12481	3	10	one	one	NUM
cblr-12481	3	11	of	of	ADP
cblr-12481	3	12	two	two	NUM
cblr-12481	3	13	corporate	corporate	ADJ
cblr-12481	3	14	governance	governance	NOUN
cblr-12481	3	15	paradigms	paradigm	NOUN
cblr-12481	3	16	for	for	ADP
cblr-12481	3	17	delivering	deliver	VERB
cblr-12481	3	18	on	on	ADP
cblr-12481	3	19	their	their	PRON
cblr-12481	3	20	objectives	objective	NOUN
cblr-12481	3	21	—	—	PUNCT
cblr-12481	3	22	shareholder	shareholder	NOUN
cblr-12481	3	23	democracy	democracy	NOUN
cblr-12481	3	24	or	or	CCONJ
cblr-12481	3	25	managerialism	managerialism	NOUN
cblr-12481	3	26	.	.	PUNCT
cblr-12481	4	1	shareholder	shareholder	NOUN
cblr-12481	4	2	democracy	democracy	NOUN
cblr-12481	4	3	seeks	seek	VERB
cblr-12481	4	4	to	to	PART
cblr-12481	4	5	expand	expand	VERB
cblr-12481	4	6	shareholder	shareholder	NOUN
cblr-12481	4	7	involvement	involvement	NOUN
cblr-12481	4	8	in	in	ADP
cblr-12481	4	9	defining	define	VERB
cblr-12481	4	10	and	and	CCONJ
cblr-12481	4	11	monitoring	monitor	VERB
cblr-12481	4	12	corporate	corporate	ADJ
cblr-12481	4	13	esg	esg	NOUN
cblr-12481	4	14	agendas	agenda	NOUN
cblr-12481	4	15	.	.	PUNCT
cblr-12481	5	1	managerialism	managerialism	NOUN
cblr-12481	5	2	claims	claim	VERB
cblr-12481	5	3	broader	broad	ADJ
cblr-12481	5	4	discretion	discretion	NOUN
cblr-12481	5	5	for	for	SCONJ
cblr-12481	5	6	executives	executive	NOUN
cblr-12481	5	7	to	to	PART
cblr-12481	5	8	govern	govern	VERB
cblr-12481	5	9	in	in	ADP
cblr-12481	5	10	the	the	DET
cblr-12481	5	11	interest	interest	NOUN
cblr-12481	5	12	of	of	ADP
cblr-12481	5	13	a	a	DET
cblr-12481	5	14	corporation	corporation	NOUN
cblr-12481	5	15	’s	’s	PART
cblr-12481	5	16	stakeholders	stakeholder	NOUN
cblr-12481	5	17	.	.	PUNCT
cblr-12481	6	1	both	both	PRON
cblr-12481	6	2	paradigms	paradigm	VERB
cblr-12481	6	3	fail	fail	VERB
cblr-12481	6	4	to	to	PART
cblr-12481	6	5	account	account	VERB
cblr-12481	6	6	for	for	ADP
cblr-12481	6	7	novel	novel	ADJ
cblr-12481	6	8	agency	agency	NOUN
cblr-12481	6	9	challenges	challenge	NOUN
cblr-12481	6	10	generated	generate	VERB
cblr-12481	6	11	by	by	ADP
cblr-12481	6	12	prosocial	prosocial	ADJ
cblr-12481	6	13	corporate	corporate	ADJ
cblr-12481	6	14	purpose	purpose	NOUN
cblr-12481	6	15	,	,	PUNCT
cblr-12481	6	16	leaving	leave	VERB
cblr-12481	6	17	unresolved	unresolved	ADJ
cblr-12481	6	18	core	core	NOUN
cblr-12481	6	19	concerns	concern	NOUN
cblr-12481	6	20	about	about	ADP
cblr-12481	6	21	esg	esg	NOUN
cblr-12481	6	22	accountability	accountability	NOUN
cblr-12481	6	23	and	and	CCONJ
cblr-12481	6	24	efficacy	efficacy	NOUN
cblr-12481	6	25	.	.	PUNCT
cblr-12481	7	1	this	this	DET
cblr-12481	7	2	article	article	NOUN
cblr-12481	7	3	offers	offer	VERB
cblr-12481	7	4	an	an	DET
cblr-12481	7	5	alternative	alternative	NOUN
cblr-12481	7	6	to	to	ADP
cblr-12481	7	7	the	the	DET
cblr-12481	7	8	two	two	NUM
cblr-12481	7	9	prevailing	prevail	VERB
cblr-12481	7	10	esg	esg	NOUN
cblr-12481	7	11	governance	governance	NOUN
cblr-12481	7	12	paradigms	paradigm	NOUN
cblr-12481	7	13	and	and	CCONJ
cblr-12481	7	14	argues	argue	VERB
cblr-12481	7	15	that	that	SCONJ
cblr-12481	7	16	“	"	PUNCT
cblr-12481	7	17	corporate	corporate	ADJ
cblr-12481	7	18	technocracy	technocracy	NOUN
cblr-12481	7	19	”	"	PUNCT
cblr-12481	7	20	can	can	AUX
cblr-12481	7	21	account	account	VERB
cblr-12481	7	22	for	for	ADP
cblr-12481	7	23	the	the	DET
cblr-12481	7	24	novel	novel	ADJ
cblr-12481	7	25	agency	agency	NOUN
cblr-12481	7	26	challenges	challenge	NOUN
cblr-12481	7	27	generated	generate	VERB
cblr-12481	7	28	by	by	ADP
cblr-12481	7	29	esg	esg	PROPN
cblr-12481	7	30	,	,	PUNCT
cblr-12481	7	31	while	while	SCONJ
cblr-12481	7	32	addressing	address	VERB
cblr-12481	7	33	the	the	DET
cblr-12481	7	34	structural	structural	ADJ
cblr-12481	7	35	and	and	CCONJ
cblr-12481	7	36	legal	legal	ADJ
cblr-12481	7	37	shortcomings	shortcoming	NOUN
cblr-12481	7	38	of	of	ADP
cblr-12481	7	39	both	both	DET
cblr-12481	7	40	shareholder	shareholder	NOUN
cblr-12481	7	41	democracy	democracy	NOUN
cblr-12481	7	42	and	and	CCONJ
cblr-12481	7	43	managerialism	managerialism	NOUN
cblr-12481	7	44	.	.	PUNCT
cblr-12481	8	1	technocracy	technocracy	NOUN
cblr-12481	8	2	refers	refer	VERB
cblr-12481	8	3	to	to	PART
cblr-12481	8	4	rule	rule	VERB
cblr-12481	8	5	by	by	ADP
cblr-12481	8	6	technical	technical	ADJ
cblr-12481	8	7	experts	expert	NOUN
cblr-12481	8	8	.	.	PUNCT
cblr-12481	9	1	it	it	PRON
cblr-12481	9	2	emphasizes	emphasize	VERB
cblr-12481	9	3	institutional	institutional	ADJ
cblr-12481	9	4	accountability	accountability	NOUN
cblr-12481	9	5	,	,	PUNCT
cblr-12481	9	6	promotes	promote	VERB
cblr-12481	9	7	legibility	legibility	NOUN
cblr-12481	9	8	and	and	CCONJ
cblr-12481	9	9	measurability	measurability	NOUN
cblr-12481	9	10	of	of	ADP
cblr-12481	9	11	corporate	corporate	ADJ
cblr-12481	9	12	purpose	purpose	NOUN
cblr-12481	9	13	,	,	PUNCT
cblr-12481	9	14	and	and	CCONJ
cblr-12481	9	15	characterizes	characterize	VERB
cblr-12481	9	16	shareholders	shareholder	NOUN
cblr-12481	9	17	and	and	CCONJ
cblr-12481	9	18	stakeholders	stakeholder	NOUN
cblr-12481	9	19	as	as	ADP
cblr-12481	9	20	an	an	DET
cblr-12481	9	21	information	information	NOUN
cblr-12481	9	22	source	source	NOUN
cblr-12481	9	23	for	for	ADP
cblr-12481	9	24	defining	define	VERB
cblr-12481	9	25	esg	esg	NOUN
cblr-12481	9	26	materiality	materiality	NOUN
cblr-12481	9	27	,	,	PUNCT
cblr-12481	9	28	particularly	particularly	ADV
cblr-12481	9	29	for	for	ADP
cblr-12481	9	30	emerging	emerge	VERB
cblr-12481	9	31	or	or	CCONJ
cblr-12481	9	32	controversial	controversial	ADJ
cblr-12481	9	33	issues	issue	NOUN
cblr-12481	9	34	.	.	PUNCT
cblr-12481	10	1	technocracy	technocracy	NOUN
cblr-12481	10	2	*	*	PUNCT
cblr-12481	10	3	associate	associate	NOUN
cblr-12481	10	4	professor	professor	NOUN
cblr-12481	10	5	of	of	ADP
cblr-12481	10	6	law	law	NOUN
cblr-12481	10	7	,	,	PUNCT
cblr-12481	10	8	georgetown	georgetown	PROPN
cblr-12481	10	9	university	university	PROPN
cblr-12481	10	10	law	law	NOUN
cblr-12481	10	11	center	center	NOUN
cblr-12481	10	12	.	.	PUNCT
cblr-12481	11	1	for	for	ADP
cblr-12481	11	2	valuable	valuable	ADJ
cblr-12481	11	3	feedback	feedback	NOUN
cblr-12481	11	4	and	and	CCONJ
cblr-12481	11	5	engaging	engage	VERB
cblr-12481	11	6	discussions	discussion	NOUN
cblr-12481	11	7	,	,	PUNCT
cblr-12481	11	8	i	i	PRON
cblr-12481	11	9	thank	thank	VERB
cblr-12481	11	10	douglas	douglas	PROPN
cblr-12481	11	11	baird	baird	PROPN
cblr-12481	11	12	,	,	PUNCT
cblr-12481	11	13	anthony	anthony	PROPN
cblr-12481	11	14	casey	casey	PROPN
cblr-12481	11	15	,	,	PUNCT
cblr-12481	11	16	aneil	aneil	PROPN
cblr-12481	11	17	kovvali	kovvali	PROPN
cblr-12481	11	18	,	,	PUNCT
cblr-12481	11	19	josh	josh	PROPN
cblr-12481	11	20	macey	macey	PROPN
cblr-12481	11	21	,	,	PUNCT
cblr-12481	11	22	john	john	PROPN
cblr-12481	11	23	morley	morley	PROPN
cblr-12481	11	24	,	,	PUNCT
cblr-12481	11	25	and	and	CCONJ
cblr-12481	11	26	participants	participant	NOUN
cblr-12481	11	27	at	at	ADP
cblr-12481	11	28	the	the	DET
cblr-12481	11	29	university	university	PROPN
cblr-12481	11	30	of	of	ADP
cblr-12481	11	31	michigan	michigan	PROPN
cblr-12481	11	32	law	law	PROPN
cblr-12481	11	33	school	school	NOUN
cblr-12481	11	34	junior	junior	ADJ
cblr-12481	11	35	scholars	scholar	NOUN
cblr-12481	11	36	conference	conference	NOUN
cblr-12481	11	37	,	,	PUNCT
cblr-12481	11	38	the	the	DET
cblr-12481	11	39	university	university	NOUN
cblr-12481	11	40	of	of	ADP
cblr-12481	11	41	chicago	chicago	PROPN
cblr-12481	11	42	law	law	NOUN
cblr-12481	11	43	school	school	NOUN
cblr-12481	11	44	junior	junior	ADJ
cblr-12481	11	45	scholars	scholar	NOUN
cblr-12481	11	46	workshop	workshop	NOUN
cblr-12481	11	47	,	,	PUNCT
cblr-12481	11	48	and	and	CCONJ
cblr-12481	11	49	the	the	DET
cblr-12481	11	50	university	university	NOUN
cblr-12481	11	51	of	of	ADP
cblr-12481	11	52	oxford	oxford	PROPN
cblr-12481	11	53	business	business	NOUN
cblr-12481	11	54	law	law	NOUN
cblr-12481	11	55	workshop	workshop	NOUN
cblr-12481	11	56	.	.	PUNCT
cblr-12481	12	1	many	many	ADJ
cblr-12481	12	2	thanks	thank	NOUN
cblr-12481	12	3	to	to	ADP
cblr-12481	12	4	jamison	jamison	PROPN
cblr-12481	12	5	munns	munns	PROPN
cblr-12481	12	6	and	and	CCONJ
cblr-12481	12	7	the	the	DET
cblr-12481	12	8	editorial	editorial	ADJ
cblr-12481	12	9	team	team	NOUN
cblr-12481	12	10	at	at	ADP
cblr-12481	12	11	the	the	DET
cblr-12481	12	12	columbia	columbia	PROPN
cblr-12481	12	13	business	business	PROPN
cblr-12481	12	14	law	law	PROPN
cblr-12481	12	15	review	review	NOUN
cblr-12481	12	16	for	for	ADP
cblr-12481	12	17	excellent	excellent	ADJ
cblr-12481	12	18	editorial	editorial	ADJ
cblr-12481	12	19	support	support	NOUN
cblr-12481	12	20	.	.	PUNCT
cblr-12481	13	1	all	all	DET
cblr-12481	13	2	errors	error	NOUN
cblr-12481	13	3	are	be	AUX
cblr-12481	13	4	my	my	PRON
cblr-12481	13	5	own	own	ADJ
cblr-12481	13	6	.	.	PUNCT
cblr-12481	14	1	826	826	NUM
cblr-12481	14	2	columbia	columbia	PROPN
cblr-12481	14	3	business	business	NOUN
cblr-12481	14	4	law	law	PROPN
cblr-12481	14	5	review	review	NOUN
cblr-12481	14	6	[	[	X
cblr-12481	14	7	vol	vol	NOUN
cblr-12481	14	8	.	.	PUNCT
cblr-12481	14	9	2023	2023	NUM
cblr-12481	14	10	depoliticizes	depoliticize	VERB
cblr-12481	14	11	both	both	DET
cblr-12481	14	12	managers	manager	NOUN
cblr-12481	14	13	’	'	PUNCT
cblr-12481	14	14	and	and	CCONJ
cblr-12481	14	15	shareholders	shareholder	NOUN
cblr-12481	14	16	’	'	PUNCT
cblr-12481	14	17	role	role	NOUN
cblr-12481	14	18	in	in	ADP
cblr-12481	14	19	defining	define	VERB
cblr-12481	14	20	esg	esg	NOUN
cblr-12481	14	21	,	,	PUNCT
cblr-12481	14	22	relegating	relegate	VERB
cblr-12481	14	23	managers	manager	NOUN
cblr-12481	14	24	to	to	ADP
cblr-12481	14	25	the	the	DET
cblr-12481	14	26	role	role	NOUN
cblr-12481	14	27	of	of	ADP
cblr-12481	14	28	administrators	administrator	NOUN
cblr-12481	14	29	rather	rather	ADV
cblr-12481	14	30	than	than	ADP
cblr-12481	14	31	statesmen	statesman	NOUN
cblr-12481	14	32	,	,	PUNCT
cblr-12481	14	33	and	and	CCONJ
cblr-12481	14	34	shareholders	shareholder	NOUN
cblr-12481	14	35	to	to	ADP
cblr-12481	14	36	the	the	DET
cblr-12481	14	37	role	role	NOUN
cblr-12481	14	38	of	of	ADP
cblr-12481	14	39	informational	informational	ADJ
cblr-12481	14	40	satellites	satellite	NOUN
cblr-12481	14	41	rather	rather	ADV
cblr-12481	14	42	than	than	ADP
cblr-12481	14	43	political	political	ADJ
cblr-12481	14	44	subjects	subject	NOUN
cblr-12481	14	45	.	.	PUNCT
cblr-12481	15	1	technocracy	technocracy	NOUN
cblr-12481	15	2	offers	offer	VERB
cblr-12481	15	3	a	a	DET
cblr-12481	15	4	framework	framework	NOUN
cblr-12481	15	5	for	for	ADP
cblr-12481	15	6	esg	esg	NOUN
cblr-12481	15	7	governance	governance	NOUN
cblr-12481	15	8	that	that	PRON
cblr-12481	15	9	is	be	AUX
cblr-12481	15	10	consistent	consistent	ADJ
cblr-12481	15	11	with	with	ADP
cblr-12481	15	12	controlling	control	VERB
cblr-12481	15	13	delaware	delaware	PROPN
cblr-12481	15	14	corporate	corporate	ADJ
cblr-12481	15	15	law	law	NOUN
cblr-12481	15	16	doctrine	doctrine	NOUN
cblr-12481	15	17	and	and	CCONJ
cblr-12481	15	18	federal	federal	ADJ
cblr-12481	15	19	securities	security	NOUN
cblr-12481	15	20	law	law	NOUN
cblr-12481	15	21	.	.	PUNCT
cblr-12481	16	1	this	this	DET
cblr-12481	16	2	article	article	NOUN
cblr-12481	16	3	offers	offer	VERB
cblr-12481	16	4	a	a	DET
cblr-12481	16	5	way	way	NOUN
cblr-12481	16	6	beyond	beyond	ADP
cblr-12481	16	7	the	the	DET
cblr-12481	16	8	political	political	ADJ
cblr-12481	16	9	dogma	dogma	NOUN
cblr-12481	16	10	that	that	PRON
cblr-12481	16	11	plagues	plague	VERB
cblr-12481	16	12	contemporary	contemporary	PROPN
cblr-12481	16	13	esg	esg	PROPN
cblr-12481	16	14	debates	debate	NOUN
cblr-12481	16	15	and	and	CCONJ
cblr-12481	16	16	advances	advance	VERB
cblr-12481	16	17	a	a	DET
cblr-12481	16	18	normatively	normatively	ADV
cblr-12481	16	19	defensible	defensible	ADJ
cblr-12481	16	20	and	and	CCONJ
cblr-12481	16	21	practically	practically	ADV
cblr-12481	16	22	administrable	administrable	ADJ
cblr-12481	16	23	paradigm	paradigm	NOUN
cblr-12481	16	24	for	for	ADP
cblr-12481	16	25	esg	esg	PROPN
cblr-12481	16	26	governance	governance	NOUN
cblr-12481	16	27	.	.	PUNCT
cblr-12481	17	1	i.	i.	PROPN
cblr-12481	17	2	introduction	introduction	NOUN
cblr-12481	17	3	......................................................................	......................................................................	PUNCT
cblr-12481	18	1	827	827	NUM
cblr-12481	18	2	ii	ii	PROPN
cblr-12481	18	3	.	.	PUNCT
cblr-12481	19	1	esg	esg	PROPN
cblr-12481	19	2	:	:	PUNCT
cblr-12481	19	3	a	a	DET
cblr-12481	19	4	taxonomy	taxonomy	NOUN
cblr-12481	19	5	...........................................................	...........................................................	PUNCT
cblr-12481	19	6	832	832	NUM
cblr-12481	19	7	a.	a.	NOUN
cblr-12481	19	8	the	the	DET
cblr-12481	19	9	ends	end	NOUN
cblr-12481	19	10	of	of	ADP
cblr-12481	19	11	esg	esg	PROPN
cblr-12481	19	12	...................................................	...................................................	PUNCT
cblr-12481	19	13	833	833	NUM
cblr-12481	19	14	1	1	NUM
cblr-12481	19	15	.	.	PUNCT
cblr-12481	20	1	shareholder	shareholder	NOUN
cblr-12481	20	2	primacy	primacy	NOUN
cblr-12481	20	3	.......................................	.......................................	PUNCT
cblr-12481	20	4	836	836	NUM
cblr-12481	20	5	2	2	NUM
cblr-12481	20	6	.	.	X
cblr-12481	20	7	stakeholderism	stakeholderism	NOUN
cblr-12481	20	8	................................................	................................................	PUNCT
cblr-12481	20	9	838	838	NUM
cblr-12481	20	10	b.	b.	PROPN
cblr-12481	20	11	the	the	DET
cblr-12481	20	12	means	mean	NOUN
cblr-12481	20	13	of	of	ADP
cblr-12481	20	14	esg	esg	PROPN
cblr-12481	20	15	.................................................	.................................................	PUNCT
cblr-12481	21	1	840	840	NUM
cblr-12481	21	2	1	1	NUM
cblr-12481	21	3	.	.	PUNCT
cblr-12481	21	4	shareholder	shareholder	NOUN
cblr-12481	21	5	control	control	PROPN
cblr-12481	21	6	........................................	........................................	PUNCT
cblr-12481	21	7	842	842	NUM
cblr-12481	21	8	2	2	NUM
cblr-12481	21	9	.	.	PUNCT
cblr-12481	21	10	managerial	managerial	ADJ
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cblr-12481	21	12	.........................................	.........................................	PUNCT
cblr-12481	21	13	843	843	NUM
cblr-12481	21	14	3	3	NUM
cblr-12481	21	15	.	.	PUNCT
cblr-12481	21	16	stakeholder	stakeholder	PROPN
cblr-12481	21	17	control	control	PROPN
cblr-12481	21	18	.........................................	.........................................	PUNCT
cblr-12481	21	19	844	844	NUM
cblr-12481	21	20	c.	c.	NOUN
cblr-12481	21	21	four	four	NUM
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cblr-12481	21	23	governance	governance	NOUN
cblr-12481	21	24	paradigms	paradigm	VERB
cblr-12481	21	25	........................	........................	PUNCT
cblr-12481	21	26	845	845	NUM
cblr-12481	21	27	1	1	NUM
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cblr-12481	22	1	enlightened	enlighten	VERB
cblr-12481	22	2	shareholder	shareholder	NOUN
cblr-12481	22	3	primacy	primacy	NOUN
cblr-12481	22	4	..................	..................	PUNCT
cblr-12481	22	5	845	845	NUM
cblr-12481	22	6	2	2	NUM
cblr-12481	22	7	.	.	PUNCT
cblr-12481	22	8	managerialism	managerialism	NOUN
cblr-12481	22	9	.................................................	.................................................	PUNCT
cblr-12481	22	10	846	846	NUM
cblr-12481	22	11	3	3	NUM
cblr-12481	22	12	.	.	PUNCT
cblr-12481	22	13	shareholder	shareholder	NOUN
cblr-12481	22	14	democracy	democracy	PROPN
cblr-12481	22	15	...................................	...................................	PUNCT
cblr-12481	22	16	848	848	NUM
cblr-12481	22	17	4	4	NUM
cblr-12481	22	18	.	.	PUNCT
cblr-12481	22	19	codetermination	codetermination	NOUN
cblr-12481	22	20	..............................................	..............................................	PUNCT
cblr-12481	22	21	851	851	NUM
cblr-12481	22	22	iii	iii	NOUN
cblr-12481	22	23	.	.	PUNCT
cblr-12481	23	1	esg	esg	PROPN
cblr-12481	23	2	’s	’s	PART
cblr-12481	23	3	governance	governance	NOUN
cblr-12481	23	4	problems	problem	NOUN
cblr-12481	23	5	.........................................	.........................................	PUNCT
cblr-12481	23	6	852	852	NUM
cblr-12481	23	7	a.	a.	NOUN
cblr-12481	23	8	esg	esg	PROPN
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cblr-12481	23	10	principal	principal	ADJ
cblr-12481	23	11	-	-	PUNCT
cblr-12481	23	12	agent	agent	NOUN
cblr-12481	23	13	challenges	challenge	NOUN
cblr-12481	23	14	........................	........................	PUNCT
cblr-12481	23	15	853	853	NUM
cblr-12481	23	16	1	1	NUM
cblr-12481	23	17	.	.	PUNCT
cblr-12481	24	1	principals	principal	NOUN
cblr-12481	24	2	.........................................................	.........................................................	PUNCT
cblr-12481	24	3	854	854	NUM
cblr-12481	24	4	2	2	NUM
cblr-12481	24	5	.	.	PUNCT
cblr-12481	24	6	principals	principal	NOUN
cblr-12481	24	7	’	'	PUNCT
cblr-12481	24	8	preferences	preference	NOUN
cblr-12481	24	9	....................................	....................................	PUNCT
cblr-12481	24	10	855	855	NUM
cblr-12481	24	11	3	3	NUM
cblr-12481	24	12	.	.	PUNCT
cblr-12481	25	1	agents	agent	NOUN
cblr-12481	25	2	..............................................................	..............................................................	PUNCT
cblr-12481	25	3	856	856	NUM
cblr-12481	25	4	4	4	NUM
cblr-12481	25	5	.	.	PUNCT
cblr-12481	25	6	corporate	corporate	ADJ
cblr-12481	25	7	governance	governance	NOUN
cblr-12481	25	8	.....................................	.....................................	PUNCT
cblr-12481	25	9	858	858	NUM
cblr-12481	25	10	b.	b.	PROPN
cblr-12481	25	11	shareholder	shareholder	PROPN
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cblr-12481	25	14	agency	agency	NOUN
cblr-12481	25	15	challenges	challenge	NOUN
cblr-12481	25	16	......	......	PUNCT
cblr-12481	26	1	859	859	NUM
cblr-12481	26	2	1	1	NUM
cblr-12481	26	3	.	.	PUNCT
cblr-12481	26	4	direct	direct	ADJ
cblr-12481	26	5	shareholder	shareholder	NOUN
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cblr-12481	26	7	.......................	.......................	PUNCT
cblr-12481	26	8	859	859	NUM
cblr-12481	26	9	2	2	NUM
cblr-12481	26	10	.	.	PUNCT
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cblr-12481	26	12	shareholder	shareholder	NOUN
cblr-12481	26	13	democracy	democracy	NOUN
cblr-12481	26	14	..........	..........	PUNCT
cblr-12481	26	15	862	862	NUM
cblr-12481	26	16	c.	c.	PROPN
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cblr-12481	26	18	’s	’s	PART
cblr-12481	26	19	agency	agency	NOUN
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cblr-12481	26	21	....................	....................	PUNCT
cblr-12481	27	1	863	863	NUM
cblr-12481	27	2	1	1	NUM
cblr-12481	27	3	.	.	PUNCT
cblr-12481	27	4	managerial	managerial	ADJ
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cblr-12481	27	6	............................	............................	PUNCT
cblr-12481	27	7	864	864	NUM
cblr-12481	28	1	2	2	NUM
cblr-12481	28	2	.	.	PUNCT
cblr-12481	28	3	enlightened	enlighten	VERB
cblr-12481	28	4	shareholder	shareholder	NOUN
cblr-12481	28	5	primacy	primacy	NOUN
cblr-12481	28	6	..................	..................	PUNCT
cblr-12481	28	7	869	869	NUM
cblr-12481	28	8	iv	iv	NOUN
cblr-12481	28	9	.	.	PUNCT
cblr-12481	29	1	an	an	DET
cblr-12481	29	2	alternative	alternative	NOUN
cblr-12481	29	3	:	:	PUNCT
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cblr-12481	29	6	........................	........................	PUNCT
cblr-12481	30	1	871	871	NUM
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cblr-12481	30	8	....................	....................	PUNCT
cblr-12481	31	1	872	872	NUM
cblr-12481	31	2	no	no	NOUN
cblr-12481	31	3	.	.	NOUN
cblr-12481	32	1	2	2	NUM
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cblr-12481	32	3	corporate	corporate	ADJ
cblr-12481	32	4	technocracy	technocracy	NOUN
cblr-12481	32	5	827	827	NUM
cblr-12481	32	6	b.	b.	PROPN
cblr-12481	32	7	key	key	PROPN
cblr-12481	32	8	features	feature	NOUN
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cblr-12481	32	10	the	the	DET
cblr-12481	32	11	corporate	corporate	ADJ
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cblr-12481	32	13	.........	.........	PUNCT
cblr-12481	33	1	874	874	NUM
cblr-12481	33	2	1	1	NUM
cblr-12481	33	3	.	.	PUNCT
cblr-12481	34	1	a	a	DET
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cblr-12481	34	6	......................	......................	PUNCT
cblr-12481	35	1	874	874	NUM
cblr-12481	35	2	2	2	NUM
cblr-12481	35	3	.	.	X
cblr-12481	35	4	materiality	materiality	NOUN
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cblr-12481	35	6	a	a	DET
cblr-12481	35	7	limit	limit	NOUN
cblr-12481	35	8	to	to	ADP
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cblr-12481	35	11	........................................................	........................................................	PUNCT
cblr-12481	35	12	876	876	NUM
cblr-12481	35	13	3	3	NUM
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cblr-12481	35	21	.....................	.....................	PUNCT
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cblr-12481	35	24	corporate	corporate	ADJ
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cblr-12481	35	28	.......................	.......................	PUNCT
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cblr-12481	36	3	....................................................	....................................................	PUNCT
cblr-12481	36	4	881	881	NUM
cblr-12481	36	5	2	2	NUM
cblr-12481	36	6	.	.	PUNCT
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cblr-12481	38	28	a	a	DET
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cblr-12481	42	24	,	,	PUNCT
cblr-12481	42	25	2022	2022	NUM
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cblr-12481	42	27	,	,	PUNCT
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cblr-12481	43	1	[	[	X
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cblr-12481	43	4	;	;	PUNCT
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cblr-12481	43	6	a.	a.	PROPN
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cblr-12481	43	10	a.	a.	PROPN
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cblr-12481	43	19	,	,	PUNCT
cblr-12481	43	20	harv	harv	PROPN
cblr-12481	43	21	.	.	PUNCT
cblr-12481	44	1	l.	l.	PROPN
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cblr-12481	44	3	.	.	PUNCT
cblr-12481	45	1	f.	f.	PROPN
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cblr-12481	45	7	oct	oct	PROPN
cblr-12481	45	8	.	.	PROPN
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cblr-12481	45	10	,	,	PUNCT
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cblr-12481	45	15	[	[	X
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cblr-12481	45	18	;	;	PUNCT
cblr-12481	45	19	mind	mind	VERB
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cblr-12481	45	25	2021	2021	NUM
cblr-12481	45	26	,	,	PUNCT
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cblr-12481	45	29	,	,	PUNCT
cblr-12481	45	30	117th	117th	ADJ
cblr-12481	45	31	cong	cong	NOUN
cblr-12481	45	32	.	.	PUNCT
cblr-12481	46	1	(	(	PUNCT
cblr-12481	46	2	2021	2021	NUM
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cblr-12481	47	4	;	;	PUNCT
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cblr-12481	47	8	828	828	NUM
cblr-12481	47	9	columbia	columbia	PROPN
cblr-12481	47	10	business	business	NOUN
cblr-12481	47	11	law	law	PROPN
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cblr-12481	47	13	[	[	X
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cblr-12481	48	3	,	,	PUNCT
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cblr-12481	48	5	,	,	PUNCT
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cblr-12481	48	8	(	(	PUNCT
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cblr-12481	48	17	long	long	ADV
cblr-12481	48	18	-	-	PUNCT
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cblr-12481	48	20	concern	concern	NOUN
cblr-12481	48	21	with	with	ADP
cblr-12481	48	22	corporate	corporate	ADJ
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cblr-12481	48	24	:	:	PUNCT
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cblr-12481	48	26	profit	profit	NOUN
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cblr-12481	48	32	,	,	PUNCT
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cblr-12481	48	34	,	,	PUNCT
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cblr-12481	48	37	over	over	ADP
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cblr-12481	48	39	purpose	purpose	NOUN
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cblr-12481	48	41	competing	compete	VERB
cblr-12481	48	42	accounts	account	NOUN
cblr-12481	48	43	of	of	ADP
cblr-12481	48	44	corporate	corporate	ADJ
cblr-12481	48	45	control	control	NOUN
cblr-12481	48	46	.	.	PUNCT
cblr-12481	49	1	even	even	ADV
cblr-12481	49	2	those	those	PRON
cblr-12481	49	3	who	who	PRON
cblr-12481	49	4	begin	begin	VERB
cblr-12481	49	5	from	from	ADP
cblr-12481	49	6	a	a	DET
cblr-12481	49	7	shared	share	VERB
cblr-12481	49	8	normative	normative	ADJ
cblr-12481	49	9	premise	premise	NOUN
cblr-12481	49	10	—	—	PUNCT
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cblr-12481	49	17	—	—	PUNCT
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cblr-12481	49	24	a	a	DET
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cblr-12481	49	27	esg	esg	PROPN
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cblr-12481	49	29	,	,	PUNCT
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cblr-12481	49	31	they	they	PRON
cblr-12481	49	32	2021	2021	NUM
cblr-12481	49	33	,	,	PUNCT
cblr-12481	49	34	s.	s.	PROPN
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cblr-12481	49	36	,	,	PUNCT
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cblr-12481	51	4	.	.	PUNCT
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cblr-12481	52	2	a	a	DET
cblr-12481	52	3	dominant	dominant	ADJ
cblr-12481	52	4	narrative	narrative	NOUN
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cblr-12481	52	18	by	by	ADP
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cblr-12481	52	31	.	.	PUNCT
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cblr-12481	53	6	bhagat	bhagat	PROPN
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cblr-12481	53	12	esg	esg	PROPN
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cblr-12481	53	14	,	,	PUNCT
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cblr-12481	56	13	“	"	PUNCT
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cblr-12481	56	23	esg	esg	PROPN
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cblr-12481	56	25	a	a	DET
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cblr-12481	56	31	.	.	PUNCT
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cblr-12481	56	34	.	.	PUNCT
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cblr-12481	60	6	(	(	PUNCT
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cblr-12481	61	13	and	and	CCONJ
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cblr-12481	61	20	and	and	CCONJ
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cblr-12481	61	22	cover	cover	NOUN
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cblr-12481	61	26	-	-	PUNCT
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cblr-12481	61	46	like	like	ADP
cblr-12481	61	47	“	"	PUNCT
cblr-12481	61	48	a	a	DET
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cblr-12481	61	52	.	.	PUNCT
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cblr-12481	63	1	[	[	X
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cblr-12481	63	4	;	;	PUNCT
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cblr-12481	63	10	big	big	ADJ
cblr-12481	63	11	business	business	NOUN
cblr-12481	63	12	acting	act	VERB
cblr-12481	63	13	like	like	ADP
cblr-12481	63	14	‘	'	PUNCT
cblr-12481	63	15	woke	wake	VERB
cblr-12481	63	16	parallel	parallel	ADJ
cblr-12481	63	17	government	government	NOUN
cblr-12481	63	18	’	'	PUNCT
cblr-12481	63	19	,	,	PUNCT
cblr-12481	63	20	politico	politico	NOUN
cblr-12481	63	21	(	(	PUNCT
cblr-12481	63	22	apr	apr	PROPN
cblr-12481	63	23	.	.	PROPN
cblr-12481	63	24	5	5	NUM
cblr-12481	63	25	,	,	PUNCT
cblr-12481	63	26	2021	2021	NUM
cblr-12481	63	27	)	)	PUNCT
cblr-12481	63	28	,	,	PUNCT
cblr-12481	63	29	https://www.politico.com/news/2021/04/05/mcconnell-corporate-americawoke-parallel-government-479042	https://www.politico.com/news/2021/04/05/mcconnell-corporate-americawoke-parallel-government-479042	X
cblr-12481	64	1	[	[	X
cblr-12481	64	2	https://perma.cc/5ftr-2dw9	https://perma.cc/5ftr-2dw9	X
cblr-12481	64	3	]	]	X
cblr-12481	64	4	.	.	PUNCT
cblr-12481	65	1	the	the	DET
cblr-12481	65	2	sec	sec	PROPN
cblr-12481	65	3	’s	’s	PART
cblr-12481	65	4	republican	republican	ADJ
cblr-12481	65	5	members	member	NOUN
cblr-12481	65	6	,	,	PUNCT
cblr-12481	65	7	commissioner	commissioner	PROPN
cblr-12481	65	8	hester	hester	PROPN
cblr-12481	65	9	pierce	pierce	PROPN
cblr-12481	65	10	and	and	CCONJ
cblr-12481	65	11	former	former	ADJ
cblr-12481	65	12	commissioner	commissioner	PROPN
cblr-12481	65	13	elad	elad	PROPN
cblr-12481	65	14	roisman	roisman	PROPN
cblr-12481	65	15	,	,	PUNCT
cblr-12481	65	16	have	have	AUX
cblr-12481	65	17	opposed	oppose	VERB
cblr-12481	65	18	the	the	DET
cblr-12481	65	19	sec	sec	PROPN
cblr-12481	65	20	’s	’s	PART
cblr-12481	65	21	biden	biden	PROPN
cblr-12481	65	22	-	-	PUNCT
cblr-12481	65	23	era	era	NOUN
cblr-12481	65	24	support	support	NOUN
cblr-12481	65	25	for	for	ADP
cblr-12481	65	26	mandatory	mandatory	ADJ
cblr-12481	65	27	esg	esg	PROPN
cblr-12481	65	28	disclosure	disclosure	NOUN
cblr-12481	65	29	,	,	PUNCT
cblr-12481	65	30	arguing	argue	VERB
cblr-12481	65	31	that	that	SCONJ
cblr-12481	65	32	it	it	PRON
cblr-12481	65	33	privileges	privilege	VERB
cblr-12481	65	34	stakeholders	stakeholder	NOUN
cblr-12481	65	35	’	'	PUNCT
cblr-12481	65	36	voices	voice	NOUN
cblr-12481	65	37	over	over	ADP
cblr-12481	65	38	shareholders	shareholder	NOUN
cblr-12481	65	39	’	'	PUNCT
cblr-12481	65	40	financial	financial	ADJ
cblr-12481	65	41	interests	interest	NOUN
cblr-12481	65	42	.	.	PUNCT
cblr-12481	66	1	hester	hester	PROPN
cblr-12481	66	2	m.	m.	PROPN
cblr-12481	66	3	peirce	peirce	PROPN
cblr-12481	66	4	,	,	PUNCT
cblr-12481	66	5	commissioner	commissioner	NOUN
cblr-12481	66	6	,	,	PUNCT
cblr-12481	66	7	my	my	PRON
cblr-12481	66	8	beef	beef	NOUN
cblr-12481	66	9	with	with	ADP
cblr-12481	66	10	stakeholders	stakeholder	NOUN
cblr-12481	66	11	:	:	PUNCT
cblr-12481	66	12	remarks	remark	NOUN
cblr-12481	66	13	at	at	ADP
cblr-12481	66	14	the	the	DET
cblr-12481	66	15	17th	17th	ADJ
cblr-12481	66	16	annual	annual	ADJ
cblr-12481	66	17	sec	sec	PROPN
cblr-12481	66	18	conference	conference	NOUN
cblr-12481	66	19	,	,	PUNCT
cblr-12481	66	20	center	center	NOUN
cblr-12481	66	21	for	for	ADP
cblr-12481	66	22	corporate	corporate	ADJ
cblr-12481	66	23	reporting	reporting	NOUN
cblr-12481	66	24	and	and	CCONJ
cblr-12481	66	25	governance	governance	NOUN
cblr-12481	66	26	,	,	PUNCT
cblr-12481	66	27	sec	sec	PROPN
cblr-12481	66	28	(	(	PUNCT
cblr-12481	66	29	sept	sept	PROPN
cblr-12481	66	30	.	.	PROPN
cblr-12481	66	31	21	21	NUM
cblr-12481	66	32	,	,	PUNCT
cblr-12481	66	33	2018	2018	NUM
cblr-12481	66	34	)	)	PUNCT
cblr-12481	66	35	,	,	PUNCT
cblr-12481	66	36	https://www.sec.gov/news/speech/speech-peirce-092118	https://www.sec.gov/news/speech/speech-peirce-092118	PUNCT
cblr-12481	67	1	[	[	X
cblr-12481	67	2	https://perma.cc/n97f-pruc	https://perma.cc/n97f-pruc	PROPN
cblr-12481	67	3	]	]	PUNCT
cblr-12481	67	4	;	;	PUNCT
cblr-12481	67	5	hester	hester	PROPN
cblr-12481	67	6	m.	m.	PROPN
cblr-12481	67	7	peirce	peirce	PROPN
cblr-12481	67	8	,	,	PUNCT
cblr-12481	67	9	commissioner	commissioner	NOUN
cblr-12481	67	10	,	,	PUNCT
cblr-12481	67	11	markets	market	NOUN
cblr-12481	67	12	,	,	PUNCT
cblr-12481	67	13	morality	morality	NOUN
cblr-12481	67	14	,	,	PUNCT
cblr-12481	67	15	and	and	CCONJ
cblr-12481	67	16	mobsters	mobster	NOUN
cblr-12481	67	17	:	:	PUNCT
cblr-12481	67	18	remarks	remark	NOUN
cblr-12481	67	19	at	at	ADP
cblr-12481	67	20	the	the	DET
cblr-12481	67	21	18th	18th	ADJ
cblr-12481	67	22	annual	annual	ADJ
cblr-12481	67	23	corporate	corporate	ADJ
cblr-12481	67	24	governance	governance	NOUN
cblr-12481	67	25	conference	conference	NOUN
cblr-12481	67	26	,	,	PUNCT
cblr-12481	67	27	sec	sec	PROPN
cblr-12481	67	28	(	(	PUNCT
cblr-12481	67	29	aug	aug	PROPN
cblr-12481	67	30	.	.	PROPN
cblr-12481	67	31	27	27	NUM
cblr-12481	67	32	,	,	PUNCT
cblr-12481	67	33	2020	2020	NUM
cblr-12481	67	34	)	)	PUNCT
cblr-12481	67	35	,	,	PUNCT
cblr-12481	67	36	https://www.sec.gov/news/speech/peircemarkets-morality-mobsters-2020-08-27	https://www.sec.gov/news/speech/peircemarkets-morality-mobsters-2020-08-27	PROPN
cblr-12481	67	37	[	[	X
cblr-12481	67	38	https://perma.cc/8kcg-t5n6	https://perma.cc/8kcg-t5n6	X
cblr-12481	67	39	]	]	PUNCT
cblr-12481	67	40	.	.	PUNCT
cblr-12481	68	1	no	no	INTJ
cblr-12481	68	2	.	.	NOUN
cblr-12481	68	3	2	2	NUM
cblr-12481	68	4	]	]	X
cblr-12481	68	5	corporate	corporate	ADJ
cblr-12481	68	6	technocracy	technocracy	NOUN
cblr-12481	68	7	829	829	NUM
cblr-12481	68	8	should	should	AUX
cblr-12481	68	9	define	define	VERB
cblr-12481	68	10	and	and	CCONJ
cblr-12481	68	11	implement	implement	VERB
cblr-12481	68	12	it	it	PRON
cblr-12481	68	13	,	,	PUNCT
cblr-12481	68	14	and	and	CCONJ
cblr-12481	68	15	within	within	ADP
cblr-12481	68	16	what	what	DET
cblr-12481	68	17	limits	limit	NOUN
cblr-12481	68	18	they	they	PRON
cblr-12481	68	19	are	be	AUX
cblr-12481	68	20	legally	legally	ADV
cblr-12481	68	21	permitted	permit	VERB
cblr-12481	68	22	do	do	AUX
cblr-12481	68	23	so.3	so.3	PROPN
cblr-12481	68	24	these	these	DET
cblr-12481	68	25	disagreements	disagreement	NOUN
cblr-12481	68	26	have	have	VERB
cblr-12481	68	27	important	important	ADJ
cblr-12481	68	28	legal	legal	ADJ
cblr-12481	68	29	and	and	CCONJ
cblr-12481	68	30	governance	governance	NOUN
cblr-12481	68	31	implications	implication	NOUN
cblr-12481	68	32	concerning	concern	VERB
cblr-12481	68	33	managers	manager	NOUN
cblr-12481	68	34	and	and	CCONJ
cblr-12481	68	35	directors	director	NOUN
cblr-12481	68	36	’	'	PUNCT
cblr-12481	68	37	fiduciary	fiduciary	ADJ
cblr-12481	68	38	duties	duty	NOUN
cblr-12481	68	39	of	of	ADP
cblr-12481	68	40	care	care	NOUN
cblr-12481	68	41	and	and	CCONJ
cblr-12481	68	42	loyalty	loyalty	NOUN
cblr-12481	68	43	,	,	PUNCT
cblr-12481	68	44	the	the	DET
cblr-12481	68	45	domain	domain	NOUN
cblr-12481	68	46	of	of	ADP
cblr-12481	68	47	shareholder	shareholder	NOUN
cblr-12481	68	48	voice	voice	NOUN
cblr-12481	68	49	,	,	PUNCT
cblr-12481	68	50	the	the	DET
cblr-12481	68	51	function	function	NOUN
cblr-12481	68	52	of	of	ADP
cblr-12481	68	53	shareholder	shareholder	NOUN
cblr-12481	68	54	suffrage	suffrage	NOUN
cblr-12481	68	55	,	,	PUNCT
cblr-12481	68	56	and	and	CCONJ
cblr-12481	68	57	the	the	DET
cblr-12481	68	58	scope	scope	NOUN
cblr-12481	68	59	of	of	ADP
cblr-12481	68	60	shareholder	shareholder	NOUN
cblr-12481	68	61	minority	minority	NOUN
cblr-12481	68	62	protections	protection	NOUN
cblr-12481	68	63	in	in	ADP
cblr-12481	68	64	the	the	DET
cblr-12481	68	65	context	context	NOUN
cblr-12481	68	66	of	of	ADP
cblr-12481	68	67	corporate	corporate	ADJ
cblr-12481	68	68	activism	activism	NOUN
cblr-12481	68	69	.	.	PUNCT
cblr-12481	69	1	the	the	DET
cblr-12481	69	2	disagreement	disagreement	NOUN
cblr-12481	69	3	over	over	ADP
cblr-12481	69	4	esg	esg	PROPN
cblr-12481	69	5	governance	governance	NOUN
cblr-12481	69	6	stems	stem	VERB
cblr-12481	69	7	from	from	ADP
cblr-12481	69	8	a	a	DET
cblr-12481	69	9	more	more	ADV
cblr-12481	69	10	fundamental	fundamental	ADJ
cblr-12481	69	11	challenge	challenge	NOUN
cblr-12481	69	12	:	:	PUNCT
cblr-12481	69	13	esg	esg	NOUN
cblr-12481	69	14	destabilizes	destabilize	VERB
cblr-12481	69	15	the	the	DET
cblr-12481	69	16	terms	term	NOUN
cblr-12481	69	17	of	of	ADP
cblr-12481	69	18	a	a	DET
cblr-12481	69	19	traditional	traditional	ADJ
cblr-12481	69	20	agency	agency	NOUN
cblr-12481	69	21	relationship	relationship	NOUN
cblr-12481	69	22	between	between	ADP
cblr-12481	69	23	shareholder	shareholder	NOUN
cblr-12481	69	24	principals	principal	NOUN
cblr-12481	69	25	and	and	CCONJ
cblr-12481	69	26	managerial	managerial	ADJ
cblr-12481	69	27	agents	agent	NOUN
cblr-12481	69	28	that	that	PRON
cblr-12481	69	29	defines	define	VERB
cblr-12481	69	30	contemporary	contemporary	ADJ
cblr-12481	69	31	corporate	corporate	ADJ
cblr-12481	69	32	governance	governance	NOUN
cblr-12481	69	33	and	and	CCONJ
cblr-12481	69	34	the	the	DET
cblr-12481	69	35	corresponding	corresponding	ADJ
cblr-12481	69	36	allocation	allocation	NOUN
cblr-12481	69	37	of	of	ADP
cblr-12481	69	38	power	power	NOUN
cblr-12481	69	39	among	among	ADP
cblr-12481	69	40	shareholders	shareholder	NOUN
cblr-12481	69	41	,	,	PUNCT
cblr-12481	69	42	managers	manager	NOUN
cblr-12481	69	43	,	,	PUNCT
cblr-12481	69	44	and	and	CCONJ
cblr-12481	69	45	directors	director	NOUN
cblr-12481	69	46	.	.	PUNCT
cblr-12481	70	1	generally	generally	ADV
cblr-12481	70	2	,	,	PUNCT
cblr-12481	70	3	matters	matter	NOUN
cblr-12481	70	4	concerning	concern	VERB
cblr-12481	70	5	a	a	DET
cblr-12481	70	6	corporation	corporation	NOUN
cblr-12481	70	7	’s	’s	PART
cblr-12481	70	8	essential	essential	ADJ
cblr-12481	70	9	structure	structure	NOUN
cblr-12481	70	10	and	and	CCONJ
cblr-12481	70	11	purpose	purpose	NOUN
cblr-12481	70	12	are	be	AUX
cblr-12481	70	13	reserved	reserve	VERB
cblr-12481	70	14	to	to	ADP
cblr-12481	70	15	its	its	PRON
cblr-12481	70	16	shareholders	shareholder	NOUN
cblr-12481	70	17	,	,	PUNCT
cblr-12481	70	18	while	while	SCONJ
cblr-12481	70	19	decisions	decision	NOUN
cblr-12481	70	20	concerning	concern	VERB
cblr-12481	70	21	ordinary	ordinary	ADJ
cblr-12481	70	22	business	business	NOUN
cblr-12481	70	23	operations	operation	NOUN
cblr-12481	70	24	are	be	AUX
cblr-12481	70	25	ceded	cede	VERB
cblr-12481	70	26	to	to	ADP
cblr-12481	70	27	its	its	PRON
cblr-12481	70	28	managers	manager	NOUN
cblr-12481	70	29	.	.	PUNCT
cblr-12481	71	1	esg	esg	PROPN
cblr-12481	71	2	confounds	confound	VERB
cblr-12481	71	3	this	this	DET
cblr-12481	71	4	distinction	distinction	NOUN
cblr-12481	71	5	,	,	PUNCT
cblr-12481	71	6	representing	represent	VERB
cblr-12481	71	7	a	a	DET
cblr-12481	71	8	combination	combination	NOUN
cblr-12481	71	9	of	of	ADP
cblr-12481	71	10	strategic	strategic	ADJ
cblr-12481	71	11	and	and	CCONJ
cblr-12481	71	12	operational	operational	ADJ
cblr-12481	71	13	objectives	objective	NOUN
cblr-12481	71	14	,	,	PUNCT
cblr-12481	71	15	and	and	CCONJ
cblr-12481	71	16	normative	normative	ADJ
cblr-12481	71	17	and	and	CCONJ
cblr-12481	71	18	financial	financial	ADJ
cblr-12481	71	19	rationales	rationale	NOUN
cblr-12481	71	20	.	.	PUNCT
cblr-12481	72	1	notions	notion	NOUN
cblr-12481	72	2	like	like	ADP
cblr-12481	72	3	sustainability	sustainability	NOUN
cblr-12481	72	4	,	,	PUNCT
cblr-12481	72	5	diversity	diversity	NOUN
cblr-12481	72	6	,	,	PUNCT
cblr-12481	72	7	or	or	CCONJ
cblr-12481	72	8	political	political	ADJ
cblr-12481	72	9	responsibility	responsibility	NOUN
cblr-12481	72	10	can	can	AUX
cblr-12481	72	11	be	be	AUX
cblr-12481	72	12	defined	define	VERB
cblr-12481	72	13	in	in	ADP
cblr-12481	72	14	myriad	myriad	ADJ
cblr-12481	72	15	ways	way	NOUN
cblr-12481	72	16	and	and	CCONJ
cblr-12481	72	17	for	for	ADP
cblr-12481	72	18	different	different	ADJ
cblr-12481	72	19	ends	end	NOUN
cblr-12481	72	20	.	.	PUNCT
cblr-12481	73	1	who	who	PRON
cblr-12481	73	2	gets	get	VERB
cblr-12481	73	3	to	to	PART
cblr-12481	73	4	decide	decide	VERB
cblr-12481	73	5	these	these	DET
cblr-12481	73	6	goals	goal	NOUN
cblr-12481	73	7	,	,	PUNCT
cblr-12481	73	8	to	to	ADP
cblr-12481	73	9	what	what	DET
cblr-12481	73	10	end	end	NOUN
cblr-12481	73	11	,	,	PUNCT
cblr-12481	73	12	and	and	CCONJ
cblr-12481	73	13	with	with	ADP
cblr-12481	73	14	what	what	PRON
cblr-12481	73	15	checks	check	NOUN
cblr-12481	73	16	and	and	CCONJ
cblr-12481	73	17	limits	limit	NOUN
cblr-12481	73	18	?	?	PUNCT
cblr-12481	74	1	two	two	NUM
cblr-12481	74	2	main	main	ADJ
cblr-12481	74	3	positions	position	NOUN
cblr-12481	74	4	respond	respond	VERB
cblr-12481	74	5	to	to	ADP
cblr-12481	74	6	these	these	DET
cblr-12481	74	7	questions	question	NOUN
cblr-12481	74	8	.	.	PUNCT
cblr-12481	75	1	the	the	DET
cblr-12481	75	2	first	first	ADJ
cblr-12481	75	3	position	position	NOUN
cblr-12481	75	4	,	,	PUNCT
cblr-12481	75	5	shareholder	shareholder	NOUN
cblr-12481	75	6	democracy	democracy	NOUN
cblr-12481	75	7	or	or	CCONJ
cblr-12481	75	8	shareholder	shareholder	NOUN
cblr-12481	75	9	pluralism	pluralism	NOUN
cblr-12481	75	10	,	,	PUNCT
cblr-12481	75	11	claims	claim	NOUN
cblr-12481	75	12	for	for	ADP
cblr-12481	75	13	shareholders	shareholder	NOUN
cblr-12481	75	14	greater	great	ADJ
cblr-12481	75	15	power	power	NOUN
cblr-12481	75	16	to	to	PART
cblr-12481	75	17	define	define	VERB
cblr-12481	75	18	and	and	CCONJ
cblr-12481	75	19	oversee	oversee	VERB
cblr-12481	75	20	corporate	corporate	ADJ
cblr-12481	75	21	esg	esg	NOUN
cblr-12481	75	22	.	.	PUNCT
cblr-12481	76	1	the	the	DET
cblr-12481	76	2	second	second	ADJ
cblr-12481	76	3	position	position	NOUN
cblr-12481	76	4	,	,	PUNCT
cblr-12481	76	5	managerialism	managerialism	NOUN
cblr-12481	76	6	or	or	CCONJ
cblr-12481	76	7	stakeholderism	stakeholderism	NOUN
cblr-12481	76	8	,	,	PUNCT
cblr-12481	76	9	grants	grant	VERB
cblr-12481	76	10	managers	manager	NOUN
cblr-12481	76	11	an	an	DET
cblr-12481	76	12	expanded	expand	VERB
cblr-12481	76	13	scope	scope	NOUN
cblr-12481	76	14	of	of	ADP
cblr-12481	76	15	protected	protect	VERB
cblr-12481	76	16	discretion	discretion	NOUN
cblr-12481	76	17	to	to	PART
cblr-12481	76	18	account	account	VERB
cblr-12481	76	19	for	for	ADP
cblr-12481	76	20	the	the	DET
cblr-12481	76	21	interests	interest	NOUN
cblr-12481	76	22	of	of	ADP
cblr-12481	76	23	a	a	DET
cblr-12481	76	24	broad	broad	ADJ
cblr-12481	76	25	range	range	NOUN
cblr-12481	76	26	of	of	ADP
cblr-12481	76	27	corporate	corporate	ADJ
cblr-12481	76	28	stakeholders	stakeholder	NOUN
cblr-12481	76	29	.	.	PUNCT
cblr-12481	77	1	both	both	PRON
cblr-12481	77	2	paradigms	paradigm	VERB
cblr-12481	77	3	introduce	introduce	VERB
cblr-12481	77	4	novel	novel	ADJ
cblr-12481	77	5	agency	agency	NOUN
cblr-12481	77	6	challenges	challenge	NOUN
cblr-12481	77	7	to	to	ADP
cblr-12481	77	8	an	an	DET
cblr-12481	77	9	existing	exist	VERB
cblr-12481	77	10	corporate	corporate	ADJ
cblr-12481	77	11	governance	governance	NOUN
cblr-12481	77	12	structure	structure	NOUN
cblr-12481	77	13	premised	premise	VERB
cblr-12481	77	14	on	on	ADP
cblr-12481	77	15	shareholder	shareholder	NOUN
cblr-12481	77	16	principals	principal	NOUN
cblr-12481	77	17	,	,	PUNCT
cblr-12481	77	18	managerial	managerial	ADJ
cblr-12481	77	19	agents	agent	NOUN
cblr-12481	77	20	,	,	PUNCT
cblr-12481	77	21	and	and	CCONJ
cblr-12481	77	22	an	an	DET
cblr-12481	77	23	end	end	NOUN
cblr-12481	77	24	goal	goal	NOUN
cblr-12481	77	25	of	of	ADP
cblr-12481	77	26	profit	profit	NOUN
cblr-12481	77	27	generation	generation	NOUN
cblr-12481	77	28	.	.	PUNCT
cblr-12481	78	1	corporate	corporate	ADJ
cblr-12481	78	2	law	law	NOUN
cblr-12481	78	3	scholars	scholar	NOUN
cblr-12481	78	4	have	have	AUX
cblr-12481	78	5	only	only	ADV
cblr-12481	78	6	obliquely	obliquely	ADV
cblr-12481	78	7	addressed	address	VERB
cblr-12481	78	8	the	the	DET
cblr-12481	78	9	contradictions	contradiction	NOUN
cblr-12481	78	10	and	and	CCONJ
cblr-12481	78	11	tensions	tension	NOUN
cblr-12481	78	12	that	that	SCONJ
cblr-12481	78	13	3	3	X
cblr-12481	78	14	for	for	ADP
cblr-12481	78	15	example	example	NOUN
cblr-12481	78	16	,	,	PUNCT
cblr-12481	78	17	marty	marty	PROPN
cblr-12481	78	18	lipton	lipton	PROPN
cblr-12481	78	19	,	,	PUNCT
cblr-12481	78	20	colin	colin	PROPN
cblr-12481	78	21	mayer	mayer	PROPN
cblr-12481	78	22	,	,	PUNCT
cblr-12481	78	23	and	and	CCONJ
cblr-12481	78	24	leo	leo	PROPN
cblr-12481	78	25	strine	strine	PROPN
cblr-12481	78	26	,	,	PUNCT
cblr-12481	78	27	among	among	ADP
cblr-12481	78	28	others	other	NOUN
cblr-12481	78	29	,	,	PUNCT
cblr-12481	78	30	advance	advance	VERB
cblr-12481	78	31	that	that	SCONJ
cblr-12481	78	32	boards	board	NOUN
cblr-12481	78	33	of	of	ADP
cblr-12481	78	34	directors	director	NOUN
cblr-12481	78	35	are	be	AUX
cblr-12481	78	36	best	well	ADV
cblr-12481	78	37	positioned	positioned	ADJ
cblr-12481	78	38	to	to	PART
cblr-12481	78	39	identify	identify	VERB
cblr-12481	78	40	stakeholders	stakeholder	NOUN
cblr-12481	78	41	and	and	CCONJ
cblr-12481	78	42	mediate	mediate	VERB
cblr-12481	78	43	among	among	ADP
cblr-12481	78	44	them	they	PRON
cblr-12481	78	45	,	,	PUNCT
cblr-12481	78	46	see	see	VERB
cblr-12481	78	47	infra	infra	NOUN
cblr-12481	78	48	notes	note	NOUN
cblr-12481	78	49	56–58	56–58	NUM
cblr-12481	78	50	,	,	PUNCT
cblr-12481	78	51	while	while	SCONJ
cblr-12481	78	52	cathy	cathy	PROPN
cblr-12481	78	53	hwang	hwang	PROPN
cblr-12481	78	54	,	,	PUNCT
cblr-12481	78	55	yaron	yaron	PROPN
cblr-12481	78	56	nili	nili	PROPN
cblr-12481	78	57	,	,	PUNCT
cblr-12481	78	58	and	and	CCONJ
cblr-12481	78	59	roberto	roberto	PROPN
cblr-12481	78	60	tallarita	tallarita	PROPN
cblr-12481	78	61	,	,	PUNCT
cblr-12481	78	62	among	among	ADP
cblr-12481	78	63	others	other	NOUN
cblr-12481	78	64	,	,	PUNCT
cblr-12481	78	65	argue	argue	VERB
cblr-12481	78	66	that	that	SCONJ
cblr-12481	78	67	it	it	PRON
cblr-12481	78	68	is	be	AUX
cblr-12481	78	69	shareholders	shareholder	NOUN
cblr-12481	78	70	who	who	PRON
cblr-12481	78	71	are	be	AUX
cblr-12481	78	72	best	well	ADV
cblr-12481	78	73	positioned	positioned	ADJ
cblr-12481	78	74	to	to	PART
cblr-12481	78	75	lead	lead	VERB
cblr-12481	78	76	corporate	corporate	ADJ
cblr-12481	78	77	esg	esg	PROPN
cblr-12481	78	78	efforts	effort	NOUN
cblr-12481	78	79	.	.	PUNCT
cblr-12481	79	1	see	see	VERB
cblr-12481	79	2	infra	infra	NOUN
cblr-12481	79	3	notes	note	VERB
cblr-12481	79	4	63–64	63–64	NOUN
cblr-12481	79	5	.	.	PUNCT
cblr-12481	80	1	830	830	NUM
cblr-12481	80	2	columbia	columbia	PROPN
cblr-12481	80	3	business	business	NOUN
cblr-12481	80	4	law	law	PROPN
cblr-12481	80	5	review	review	NOUN
cblr-12481	80	6	[	[	X
cblr-12481	80	7	vol	vol	NOUN
cblr-12481	80	8	.	.	PUNCT
cblr-12481	80	9	2023	2023	NUM
cblr-12481	80	10	esg	esg	NOUN
cblr-12481	80	11	presents	present	NOUN
cblr-12481	80	12	for	for	ADP
cblr-12481	80	13	this	this	DET
cblr-12481	80	14	default	default	NOUN
cblr-12481	80	15	corporate	corporate	ADJ
cblr-12481	80	16	governance	governance	NOUN
cblr-12481	80	17	paradigm	paradigm	NOUN
cblr-12481	80	18	,	,	PUNCT
cblr-12481	80	19	and	and	CCONJ
cblr-12481	80	20	they	they	PRON
cblr-12481	80	21	have	have	AUX
cblr-12481	80	22	largely	largely	ADV
cblr-12481	80	23	failed	fail	VERB
cblr-12481	80	24	to	to	PART
cblr-12481	80	25	address	address	VERB
cblr-12481	80	26	these	these	DET
cblr-12481	80	27	challenges	challenge	NOUN
cblr-12481	80	28	in	in	ADP
cblr-12481	80	29	the	the	DET
cblr-12481	80	30	terms	term	NOUN
cblr-12481	80	31	of	of	ADP
cblr-12481	80	32	agency	agency	NOUN
cblr-12481	80	33	theory	theory	NOUN
cblr-12481	80	34	.	.	PUNCT
cblr-12481	81	1	this	this	DET
cblr-12481	81	2	article	article	NOUN
cblr-12481	81	3	steps	step	VERB
cblr-12481	81	4	beyond	beyond	ADP
cblr-12481	81	5	the	the	DET
cblr-12481	81	6	traditional	traditional	ADJ
cblr-12481	81	7	terms	term	NOUN
cblr-12481	81	8	of	of	ADP
cblr-12481	81	9	a	a	DET
cblr-12481	81	10	corporate	corporate	ADJ
cblr-12481	81	11	purpose	purpose	NOUN
cblr-12481	81	12	debate	debate	NOUN
cblr-12481	81	13	that	that	PRON
cblr-12481	81	14	has	have	AUX
cblr-12481	81	15	waged	wage	VERB
cblr-12481	81	16	on	on	ADP
cblr-12481	81	17	for	for	ADP
cblr-12481	81	18	nearly	nearly	ADV
cblr-12481	81	19	a	a	PRON
cblr-12481	81	20	century	century	NOUN
cblr-12481	81	21	,	,	PUNCT
cblr-12481	81	22	between	between	ADP
cblr-12481	81	23	supporters	supporter	NOUN
cblr-12481	81	24	of	of	ADP
cblr-12481	81	25	shareholder	shareholder	NOUN
cblr-12481	81	26	profit	profit	NOUN
cblr-12481	81	27	maximization	maximization	NOUN
cblr-12481	81	28	on	on	ADP
cblr-12481	81	29	the	the	DET
cblr-12481	81	30	one	one	NUM
cblr-12481	81	31	hand	hand	NOUN
cblr-12481	81	32	and	and	CCONJ
cblr-12481	81	33	advocates	advocate	VERB
cblr-12481	81	34	for	for	ADP
cblr-12481	81	35	stakeholder	stakeholder	NOUN
cblr-12481	81	36	welfare	welfare	NOUN
cblr-12481	81	37	on	on	ADP
cblr-12481	81	38	the	the	DET
cblr-12481	81	39	other	other	ADJ
cblr-12481	81	40	.	.	PUNCT
cblr-12481	82	1	instead	instead	ADV
cblr-12481	82	2	,	,	PUNCT
cblr-12481	82	3	it	it	PRON
cblr-12481	82	4	acknowledges	acknowledge	VERB
cblr-12481	82	5	esg	esg	PROPN
cblr-12481	82	6	as	as	ADP
cblr-12481	82	7	a	a	DET
cblr-12481	82	8	fait	fait	X
cblr-12481	82	9	accompli	accompli	PROPN
cblr-12481	82	10	,	,	PUNCT
cblr-12481	82	11	evidenced	evidence	VERB
cblr-12481	82	12	by	by	ADP
cblr-12481	82	13	a	a	DET
cblr-12481	82	14	multi	multi	ADJ
cblr-12481	82	15	-	-	ADJ
cblr-12481	82	16	trillion	trillion	NUM
cblr-12481	82	17	-	-	PUNCT
cblr-12481	82	18	dollar	dollar	NOUN
cblr-12481	82	19	investment	investment	NOUN
cblr-12481	82	20	industry4	industry4	NOUN
cblr-12481	82	21	and	and	CCONJ
cblr-12481	82	22	4	4	NUM
cblr-12481	82	23	investors	investor	NOUN
cblr-12481	82	24	are	be	AUX
cblr-12481	82	25	increasingly	increasingly	ADV
cblr-12481	82	26	choosing	choose	VERB
cblr-12481	82	27	to	to	PART
cblr-12481	82	28	put	put	VERB
cblr-12481	82	29	their	their	PRON
cblr-12481	82	30	savings	saving	NOUN
cblr-12481	82	31	in	in	ADP
cblr-12481	82	32	funds	fund	NOUN
cblr-12481	82	33	that	that	PRON
cblr-12481	82	34	consider	consider	VERB
cblr-12481	82	35	esg	esg	NOUN
cblr-12481	82	36	as	as	ADP
cblr-12481	82	37	part	part	NOUN
cblr-12481	82	38	of	of	ADP
cblr-12481	82	39	their	their	PRON
cblr-12481	82	40	portfolio	portfolio	NOUN
cblr-12481	82	41	selection	selection	NOUN
cblr-12481	82	42	;	;	PUNCT
cblr-12481	82	43	esg	esg	PROPN
cblr-12481	82	44	investments	investment	NOUN
cblr-12481	82	45	have	have	AUX
cblr-12481	82	46	experienced	experience	VERB
cblr-12481	82	47	massive	massive	ADJ
cblr-12481	82	48	growth	growth	NOUN
cblr-12481	82	49	in	in	ADP
cblr-12481	82	50	the	the	DET
cblr-12481	82	51	last	last	ADJ
cblr-12481	82	52	decade	decade	NOUN
cblr-12481	82	53	to	to	PART
cblr-12481	82	54	reach	reach	VERB
cblr-12481	82	55	$	$	SYM
cblr-12481	82	56	17	17	NUM
cblr-12481	82	57	trillion	trillion	NUM
cblr-12481	82	58	dollars	dollar	NOUN
cblr-12481	82	59	of	of	ADP
cblr-12481	82	60	u.s	u.s	PROPN
cblr-12481	82	61	.	.	PROPN
cblr-12481	82	62	assets	asset	NOUN
cblr-12481	82	63	under	under	ADP
cblr-12481	82	64	management	management	NOUN
cblr-12481	82	65	in	in	ADP
cblr-12481	82	66	2020	2020	NUM
cblr-12481	82	67	,	,	PUNCT
cblr-12481	82	68	comprising	comprise	VERB
cblr-12481	82	69	a	a	DET
cblr-12481	82	70	third	third	NOUN
cblr-12481	82	71	of	of	ADP
cblr-12481	82	72	the	the	DET
cblr-12481	82	73	total	total	ADJ
cblr-12481	82	74	investment	investment	NOUN
cblr-12481	82	75	market	market	NOUN
cblr-12481	82	76	.	.	PUNCT
cblr-12481	83	1	esg	esg	NOUN
cblr-12481	83	2	assets	asset	NOUN
cblr-12481	83	3	rising	rise	VERB
cblr-12481	83	4	to	to	ADP
cblr-12481	83	5	$	$	SYM
cblr-12481	83	6	50	50	NUM
cblr-12481	83	7	trillion	trillion	NUM
cblr-12481	83	8	will	will	AUX
cblr-12481	83	9	reshape	reshape	VERB
cblr-12481	83	10	$	$	SYM
cblr-12481	83	11	140.5	140.5	NUM
cblr-12481	83	12	trillion	trillion	NUM
cblr-12481	83	13	of	of	ADP
cblr-12481	83	14	global	global	ADJ
cblr-12481	83	15	aum	aum	PROPN
cblr-12481	83	16	by	by	ADP
cblr-12481	83	17	2025	2025	NUM
cblr-12481	83	18	,	,	PUNCT
cblr-12481	83	19	finds	find	VERB
cblr-12481	83	20	bloomberg	bloomberg	PROPN
cblr-12481	83	21	intelligence	intelligence	PROPN
cblr-12481	83	22	,	,	PUNCT
cblr-12481	83	23	bloomberg	bloomberg	PROPN
cblr-12481	83	24	(	(	PUNCT
cblr-12481	83	25	july	july	PROPN
cblr-12481	83	26	21	21	NUM
cblr-12481	83	27	,	,	PUNCT
cblr-12481	83	28	2021	2021	NUM
cblr-12481	83	29	)	)	PUNCT
cblr-12481	83	30	,	,	PUNCT
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cblr-12481	84	1	[	[	X
cblr-12481	84	2	https://perma.cc/ja7l-8ujk	https://perma.cc/ja7l-8ujk	X
cblr-12481	84	3	]	]	X
cblr-12481	84	4	.	.	PUNCT
cblr-12481	85	1	together	together	ADV
cblr-12481	85	2	with	with	ADP
cblr-12481	85	3	advocacy	advocacy	NOUN
cblr-12481	85	4	groups	group	NOUN
cblr-12481	85	5	,	,	PUNCT
cblr-12481	85	6	shareholders	shareholder	NOUN
cblr-12481	85	7	lobby	lobby	VERB
cblr-12481	85	8	corporate	corporate	ADJ
cblr-12481	85	9	leaders	leader	NOUN
cblr-12481	85	10	to	to	PART
cblr-12481	85	11	advance	advance	VERB
cblr-12481	85	12	their	their	PRON
cblr-12481	85	13	social	social	ADJ
cblr-12481	85	14	agendas	agenda	NOUN
cblr-12481	85	15	by	by	ADP
cblr-12481	85	16	submitting	submit	VERB
cblr-12481	85	17	proxy	proxy	ADJ
cblr-12481	85	18	proposals	proposal	NOUN
cblr-12481	85	19	on	on	ADP
cblr-12481	85	20	political	political	ADJ
cblr-12481	85	21	,	,	PUNCT
cblr-12481	85	22	social	social	ADJ
cblr-12481	85	23	,	,	PUNCT
cblr-12481	85	24	environmental	environmental	ADJ
cblr-12481	85	25	,	,	PUNCT
cblr-12481	85	26	and	and	CCONJ
cblr-12481	85	27	governance	governance	NOUN
cblr-12481	85	28	matters	matter	NOUN
cblr-12481	85	29	,	,	PUNCT
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cblr-12481	85	31	demanding	demand	VERB
cblr-12481	85	32	expanded	expand	VERB
cblr-12481	85	33	disclosures	disclosure	NOUN
cblr-12481	85	34	on	on	ADP
cblr-12481	85	35	esg	esg	PROPN
cblr-12481	85	36	,	,	PUNCT
cblr-12481	85	37	and	and	CCONJ
cblr-12481	85	38	by	by	ADP
cblr-12481	85	39	filing	file	VERB
cblr-12481	85	40	shareholder	shareholder	NOUN
cblr-12481	85	41	derivate	derivate	NOUN
cblr-12481	85	42	suits	suit	NOUN
cblr-12481	85	43	seeking	seek	VERB
cblr-12481	85	44	to	to	PART
cblr-12481	85	45	hold	hold	VERB
cblr-12481	85	46	directors	director	NOUN
cblr-12481	85	47	and	and	CCONJ
cblr-12481	85	48	officers	officer	NOUN
cblr-12481	85	49	accountable	accountable	ADJ
cblr-12481	85	50	for	for	ADP
cblr-12481	85	51	delivering	deliver	VERB
cblr-12481	85	52	on	on	ADP
cblr-12481	85	53	their	their	PRON
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cblr-12481	85	55	commitments	commitment	NOUN
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cblr-12481	86	1	see	see	VERB
cblr-12481	86	2	e.g.	e.g.	ADV
cblr-12481	86	3	,	,	PUNCT
cblr-12481	86	4	shareholder	shareholder	NOUN
cblr-12481	86	5	advocacy	advocacy	NOUN
cblr-12481	86	6	,	,	PUNCT
cblr-12481	86	7	as	as	SCONJ
cblr-12481	86	8	you	you	PRON
cblr-12481	86	9	sow	sow	VERB
cblr-12481	86	10	,	,	PUNCT
cblr-12481	86	11	https://www.asyousow.org/shareholder-advocacy	https://www.asyousow.org/shareholder-advocacy	NOUN
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cblr-12481	86	15	(	(	PUNCT
cblr-12481	86	16	last	last	ADV
cblr-12481	86	17	visited	visit	VERB
cblr-12481	86	18	oct	oct	PROPN
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cblr-12481	86	21	,	,	PUNCT
cblr-12481	86	22	2023	2023	NUM
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cblr-12481	86	24	;	;	PUNCT
cblr-12481	86	25	jessie	jessie	PROPN
cblr-12481	86	26	k.	k.	PROPN
cblr-12481	86	27	liu	liu	PROPN
cblr-12481	86	28	,	,	PUNCT
cblr-12481	86	29	susan	susan	PROPN
cblr-12481	86	30	l.	l.	PROPN
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cblr-12481	86	32	&	&	CCONJ
cblr-12481	86	33	tansy	tansy	PROPN
cblr-12481	86	34	woan	woan	PROPN
cblr-12481	86	35	,	,	PUNCT
cblr-12481	86	36	shareholder	shareholder	NOUN
cblr-12481	86	37	suits	suit	NOUN
cblr-12481	86	38	demand	demand	VERB
cblr-12481	86	39	more	more	ADJ
cblr-12481	86	40	progress	progress	NOUN
cblr-12481	86	41	on	on	ADP
cblr-12481	86	42	diversity	diversity	NOUN
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cblr-12481	86	52	flom	flom	PROPN
cblr-12481	86	53	llp	llp	PROPN
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cblr-12481	86	55	apr	apr	PROPN
cblr-12481	86	56	.	.	PROPN
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cblr-12481	86	58	,	,	PUNCT
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cblr-12481	86	61	,	,	PUNCT
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cblr-12481	88	1	investors	investor	NOUN
cblr-12481	88	2	leverage	leverage	VERB
cblr-12481	88	3	their	their	PRON
cblr-12481	88	4	market	market	NOUN
cblr-12481	88	5	power	power	NOUN
cblr-12481	88	6	to	to	PART
cblr-12481	88	7	engage	engage	VERB
cblr-12481	88	8	with	with	ADP
cblr-12481	88	9	corporate	corporate	ADJ
cblr-12481	88	10	managers	manager	NOUN
cblr-12481	88	11	on	on	ADP
cblr-12481	88	12	esg	esg	PROPN
cblr-12481	88	13	and	and	CCONJ
cblr-12481	88	14	urge	urge	VERB
cblr-12481	88	15	them	they	PRON
cblr-12481	88	16	to	to	PART
cblr-12481	88	17	take	take	VERB
cblr-12481	88	18	stakeholder	stakeholder	NOUN
cblr-12481	88	19	interests	interest	NOUN
cblr-12481	88	20	into	into	ADP
cblr-12481	88	21	account	account	NOUN
cblr-12481	88	22	in	in	ADP
cblr-12481	88	23	furthering	further	VERB
cblr-12481	88	24	the	the	DET
cblr-12481	88	25	sustainable	sustainable	ADJ
cblr-12481	88	26	pursuit	pursuit	NOUN
cblr-12481	88	27	of	of	ADP
cblr-12481	88	28	profit	profit	NOUN
cblr-12481	88	29	.	.	PUNCT
cblr-12481	89	1	the	the	DET
cblr-12481	89	2	most	most	ADV
cblr-12481	89	3	notable	notable	ADJ
cblr-12481	89	4	is	be	AUX
cblr-12481	89	5	larry	larry	PROPN
cblr-12481	89	6	fink	fink	PROPN
cblr-12481	89	7	,	,	PUNCT
cblr-12481	89	8	ceo	ceo	NOUN
cblr-12481	89	9	of	of	ADP
cblr-12481	89	10	the	the	DET
cblr-12481	89	11	world	world	NOUN
cblr-12481	89	12	’s	’s	PART
cblr-12481	89	13	largest	large	ADJ
cblr-12481	89	14	money	money	NOUN
cblr-12481	89	15	manager	manager	NOUN
cblr-12481	89	16	,	,	PUNCT
cblr-12481	89	17	blackrock	blackrock	NOUN
cblr-12481	89	18	.	.	PUNCT
cblr-12481	90	1	in	in	ADP
cblr-12481	90	2	recent	recent	ADJ
cblr-12481	90	3	years	year	NOUN
cblr-12481	90	4	,	,	PUNCT
cblr-12481	90	5	fink	fink	VERB
cblr-12481	90	6	’s	’s	PART
cblr-12481	90	7	annual	annual	ADJ
cblr-12481	90	8	letters	letter	NOUN
cblr-12481	90	9	to	to	ADP
cblr-12481	90	10	shareholders	shareholder	NOUN
cblr-12481	90	11	have	have	AUX
cblr-12481	90	12	embraced	embrace	VERB
cblr-12481	90	13	questions	question	NOUN
cblr-12481	90	14	of	of	ADP
cblr-12481	90	15	purpose	purpose	NOUN
cblr-12481	90	16	and	and	CCONJ
cblr-12481	90	17	stakeholders	stakeholder	NOUN
cblr-12481	90	18	.	.	PUNCT
cblr-12481	91	1	see	see	VERB
cblr-12481	91	2	,	,	PUNCT
cblr-12481	91	3	e.g.	e.g.	ADV
cblr-12481	91	4	,	,	PUNCT
cblr-12481	91	5	larry	larry	PROPN
cblr-12481	91	6	fink	fink	PROPN
cblr-12481	91	7	,	,	PUNCT
cblr-12481	91	8	larry	larry	PROPN
cblr-12481	91	9	fink	fink	PROPN
cblr-12481	91	10	’s	’s	PART
cblr-12481	91	11	2019	2019	NUM
cblr-12481	91	12	letter	letter	NOUN
cblr-12481	91	13	to	to	ADP
cblr-12481	91	14	ceos	ceos	PROPN
cblr-12481	91	15	:	:	PUNCT
cblr-12481	91	16	purpose	purpose	NOUN
cblr-12481	91	17	and	and	CCONJ
cblr-12481	91	18	profit	profit	NOUN
cblr-12481	91	19	,	,	PUNCT
cblr-12481	91	20	blackrock	blackrock	NOUN
cblr-12481	91	21	,	,	PUNCT
cblr-12481	91	22	https://www.blackrock.com/corporate/investor-relations/2019-larry-fink-ceo-letter	https://www.blackrock.com/corporate/investor-relations/2019-larry-fink-ceo-letter	VERB
cblr-12481	91	23	[	[	X
cblr-12481	91	24	https://perma.cc/uqg3xalj	https://perma.cc/uqg3xalj	X
cblr-12481	91	25	]	]	X
cblr-12481	91	26	(	(	PUNCT
cblr-12481	91	27	last	last	ADV
cblr-12481	91	28	visited	visit	VERB
cblr-12481	91	29	oct	oct	PROPN
cblr-12481	91	30	.	.	PROPN
cblr-12481	91	31	26	26	NUM
cblr-12481	91	32	,	,	PUNCT
cblr-12481	91	33	2023	2023	NUM
cblr-12481	91	34	)	)	PUNCT
cblr-12481	91	35	.	.	PUNCT
cblr-12481	92	1	other	other	ADJ
cblr-12481	92	2	investors	investor	NOUN
cblr-12481	92	3	,	,	PUNCT
cblr-12481	92	4	like	like	ADP
cblr-12481	92	5	the	the	DET
cblr-12481	92	6	activist	activist	ADJ
cblr-12481	92	7	fund	fund	NOUN
cblr-12481	92	8	engine	engine	NOUN
cblr-12481	92	9	no	no	NOUN
cblr-12481	92	10	.	.	NOUN
cblr-12481	92	11	1	1	NUM
cblr-12481	92	12	,	,	PUNCT
cblr-12481	92	13	center	center	NOUN
cblr-12481	92	14	esg	esg	NOUN
cblr-12481	92	15	performance	performance	NOUN
cblr-12481	92	16	in	in	ADP
cblr-12481	92	17	their	their	PRON
cblr-12481	92	18	campaigns	campaign	NOUN
cblr-12481	92	19	against	against	ADP
cblr-12481	92	20	incumbent	incumbent	ADJ
cblr-12481	92	21	corporate	corporate	ADJ
cblr-12481	92	22	boards	board	NOUN
cblr-12481	92	23	.	.	PUNCT
cblr-12481	93	1	see	see	VERB
cblr-12481	93	2	,	,	PUNCT
cblr-12481	93	3	e.g.	e.g.	ADV
cblr-12481	93	4	,	,	PUNCT
cblr-12481	93	5	george	george	PROPN
cblr-12481	93	6	casey	casey	PROPN
cblr-12481	93	7	,	,	PUNCT
cblr-12481	93	8	scott	scott	PROPN
cblr-12481	93	9	petepiece	petepiece	PROPN
cblr-12481	93	10	&	&	CCONJ
cblr-12481	93	11	lara	lara	PROPN
cblr-12481	93	12	aryani	aryani	PROPN
cblr-12481	93	13	,	,	PUNCT
cblr-12481	93	14	recent	recent	ADJ
cblr-12481	93	15	shareholder	shareholder	NOUN
cblr-12481	93	16	activism	activism	NOUN
cblr-12481	93	17	trends	trend	NOUN
cblr-12481	93	18	,	,	PUNCT
cblr-12481	93	19	harv	harv	PROPN
cblr-12481	93	20	.	.	PUNCT
cblr-12481	94	1	l.	l.	PROPN
cblr-12481	94	2	sch	sch	PROPN
cblr-12481	94	3	.	.	PUNCT
cblr-12481	95	1	f.	f.	PROPN
cblr-12481	95	2	on	on	ADP
cblr-12481	95	3	corp	corp	PROPN
cblr-12481	95	4	.	.	PROPN
cblr-12481	95	5	governance	governance	PROPN
cblr-12481	95	6	(	(	PUNCT
cblr-12481	95	7	nov	nov	PROPN
cblr-12481	95	8	.	.	PROPN
cblr-12481	95	9	29	29	NUM
cblr-12481	95	10	,	,	PUNCT
cblr-12481	95	11	2021	2021	NUM
cblr-12481	95	12	)	)	PUNCT
cblr-12481	95	13	,	,	PUNCT
cblr-12481	95	14	https://corpgov.law.harvard.edu/2021/11/29/recentshareholder-activism-trends/	https://corpgov.law.harvard.edu/2021/11/29/recentshareholder-activism-trends/	PROPN
cblr-12481	96	1	[	[	X
cblr-12481	96	2	https://perma.cc/ty7d-fb65	https://perma.cc/ty7d-fb65	X
cblr-12481	96	3	]	]	X
cblr-12481	96	4	.	.	PUNCT
cblr-12481	97	1	more	more	ADJ
cblr-12481	97	2	no	no	NOUN
cblr-12481	97	3	.	.	NOUN
cblr-12481	98	1	2	2	NUM
cblr-12481	98	2	]	]	X
cblr-12481	98	3	corporate	corporate	ADJ
cblr-12481	98	4	technocracy	technocracy	NOUN
cblr-12481	98	5	831	831	NUM
cblr-12481	98	6	mainstreamed	mainstreame	VERB
cblr-12481	98	7	managerial	managerial	ADJ
cblr-12481	98	8	rhetoric	rhetoric	NOUN
cblr-12481	98	9	,	,	PUNCT
cblr-12481	98	10	and	and	CCONJ
cblr-12481	98	11	focuses	focus	VERB
cblr-12481	98	12	on	on	ADP
cblr-12481	98	13	the	the	DET
cblr-12481	98	14	corporate	corporate	ADJ
cblr-12481	98	15	political	political	ADJ
cblr-12481	98	16	economy	economy	NOUN
cblr-12481	98	17	advanced	advance	VERB
cblr-12481	98	18	by	by	ADP
cblr-12481	98	19	distinct	distinct	ADJ
cblr-12481	98	20	esg	esg	PROPN
cblr-12481	98	21	governance	governance	NOUN
cblr-12481	98	22	proposals	proposal	NOUN
cblr-12481	98	23	.	.	PUNCT
cblr-12481	99	1	it	it	PRON
cblr-12481	99	2	argues	argue	VERB
cblr-12481	99	3	that	that	SCONJ
cblr-12481	99	4	even	even	ADV
cblr-12481	99	5	those	those	PRON
cblr-12481	99	6	who	who	PRON
cblr-12481	99	7	agree	agree	VERB
cblr-12481	99	8	on	on	ADP
cblr-12481	99	9	esg	esg	PROPN
cblr-12481	99	10	as	as	ADP
cblr-12481	99	11	an	an	DET
cblr-12481	99	12	end	end	NOUN
cblr-12481	99	13	hold	hold	VERB
cblr-12481	99	14	deeply	deeply	ADV
cblr-12481	99	15	conflicting	conflict	VERB
cblr-12481	99	16	visions	vision	NOUN
cblr-12481	99	17	of	of	ADP
cblr-12481	99	18	how	how	SCONJ
cblr-12481	99	19	it	it	PRON
cblr-12481	99	20	should	should	AUX
cblr-12481	99	21	be	be	AUX
cblr-12481	99	22	achieved	achieve	VERB
cblr-12481	99	23	,	,	PUNCT
cblr-12481	99	24	and	and	CCONJ
cblr-12481	99	25	that	that	SCONJ
cblr-12481	99	26	the	the	DET
cblr-12481	99	27	two	two	NUM
cblr-12481	99	28	prevailing	prevail	VERB
cblr-12481	99	29	proposals	proposal	NOUN
cblr-12481	99	30	suffer	suffer	VERB
cblr-12481	99	31	from	from	ADP
cblr-12481	99	32	fundamental	fundamental	ADJ
cblr-12481	99	33	principal	principal	ADJ
cblr-12481	99	34	-	-	PUNCT
cblr-12481	99	35	agent	agent	NOUN
cblr-12481	99	36	challenges	challenge	NOUN
cblr-12481	99	37	.	.	PUNCT
cblr-12481	100	1	this	this	DET
cblr-12481	100	2	article	article	NOUN
cblr-12481	100	3	proposes	propose	VERB
cblr-12481	100	4	an	an	DET
cblr-12481	100	5	alternative	alternative	ADJ
cblr-12481	100	6	governance	governance	NOUN
cblr-12481	100	7	paradigm	paradigm	NOUN
cblr-12481	100	8	to	to	PART
cblr-12481	100	9	shareholder	shareholder	VERB
cblr-12481	100	10	democracy	democracy	NOUN
cblr-12481	100	11	and	and	CCONJ
cblr-12481	100	12	managerialism	managerialism	NOUN
cblr-12481	100	13	in	in	ADP
cblr-12481	100	14	the	the	DET
cblr-12481	100	15	form	form	NOUN
cblr-12481	100	16	of	of	ADP
cblr-12481	100	17	a	a	DET
cblr-12481	100	18	corporate	corporate	ADJ
cblr-12481	100	19	technocracy	technocracy	NOUN
cblr-12481	100	20	.	.	PUNCT
cblr-12481	101	1	it	it	PRON
cblr-12481	101	2	argues	argue	VERB
cblr-12481	101	3	that	that	SCONJ
cblr-12481	101	4	esg	esg	PROPN
cblr-12481	101	5	governance	governance	NOUN
cblr-12481	101	6	by	by	ADP
cblr-12481	101	7	experts	expert	NOUN
cblr-12481	101	8	with	with	ADP
cblr-12481	101	9	technical	technical	ADJ
cblr-12481	101	10	specialization	specialization	NOUN
cblr-12481	101	11	accounts	account	VERB
cblr-12481	101	12	for	for	ADP
cblr-12481	101	13	novel	novel	ADJ
cblr-12481	101	14	principal	principal	ADJ
cblr-12481	101	15	-	-	PUNCT
cblr-12481	101	16	agent	agent	NOUN
cblr-12481	101	17	challenges	challenge	NOUN
cblr-12481	101	18	provoked	provoke	VERB
cblr-12481	101	19	by	by	ADP
cblr-12481	101	20	a	a	DET
cblr-12481	101	21	more	more	ADV
cblr-12481	101	22	nuanced	nuanced	ADJ
cblr-12481	101	23	pursuit	pursuit	NOUN
cblr-12481	101	24	of	of	ADP
cblr-12481	101	25	corporate	corporate	ADJ
cblr-12481	101	26	purpose	purpose	NOUN
cblr-12481	101	27	while	while	SCONJ
cblr-12481	101	28	defusing	defuse	VERB
cblr-12481	101	29	the	the	DET
cblr-12481	101	30	ideological	ideological	ADJ
cblr-12481	101	31	polarization	polarization	NOUN
cblr-12481	101	32	of	of	ADP
cblr-12481	101	33	the	the	DET
cblr-12481	101	34	contemporary	contemporary	PROPN
cblr-12481	101	35	esg	esg	PROPN
cblr-12481	101	36	debate	debate	NOUN
cblr-12481	101	37	.	.	PUNCT
cblr-12481	102	1	in	in	ADP
cblr-12481	102	2	this	this	DET
cblr-12481	102	3	article	article	NOUN
cblr-12481	102	4	,	,	PUNCT
cblr-12481	102	5	i	i	PRON
cblr-12481	102	6	identify	identify	VERB
cblr-12481	102	7	and	and	CCONJ
cblr-12481	102	8	address	address	VERB
cblr-12481	102	9	the	the	DET
cblr-12481	102	10	agency	agency	NOUN
cblr-12481	102	11	problems	problem	NOUN
cblr-12481	102	12	of	of	ADP
cblr-12481	102	13	esg	esg	PROPN
cblr-12481	102	14	governance	governance	NOUN
cblr-12481	102	15	and	and	CCONJ
cblr-12481	102	16	make	make	VERB
cblr-12481	102	17	a	a	DET
cblr-12481	102	18	case	case	NOUN
cblr-12481	102	19	for	for	ADP
cblr-12481	102	20	“	"	PUNCT
cblr-12481	102	21	corporate	corporate	ADJ
cblr-12481	102	22	technocracy	technocracy	NOUN
cblr-12481	102	23	”	"	PUNCT
cblr-12481	102	24	as	as	ADP
cblr-12481	102	25	an	an	DET
cblr-12481	102	26	alternative	alternative	NOUN
cblr-12481	102	27	to	to	ADP
cblr-12481	102	28	both	both	DET
cblr-12481	102	29	shareholder	shareholder	NOUN
cblr-12481	102	30	pluralism	pluralism	NOUN
cblr-12481	102	31	and	and	CCONJ
cblr-12481	102	32	managerialism	managerialism	NOUN
cblr-12481	102	33	.	.	PUNCT
cblr-12481	103	1	i	i	PRON
cblr-12481	103	2	advance	advance	VERB
cblr-12481	103	3	that	that	SCONJ
cblr-12481	103	4	approaching	approach	VERB
cblr-12481	103	5	esg	esg	NOUN
cblr-12481	103	6	governance	governance	NOUN
cblr-12481	103	7	through	through	ADP
cblr-12481	103	8	a	a	DET
cblr-12481	103	9	corporate	corporate	ADJ
cblr-12481	103	10	technocracy	technocracy	NOUN
cblr-12481	103	11	can	can	AUX
cblr-12481	103	12	overcome	overcome	VERB
cblr-12481	103	13	the	the	DET
cblr-12481	103	14	agency	agency	NOUN
cblr-12481	103	15	costs	cost	NOUN
cblr-12481	103	16	generated	generate	VERB
cblr-12481	103	17	by	by	ADP
cblr-12481	103	18	a	a	DET
cblr-12481	103	19	pursuit	pursuit	NOUN
cblr-12481	103	20	of	of	ADP
cblr-12481	103	21	corporate	corporate	ADJ
cblr-12481	103	22	purposes	purpose	NOUN
cblr-12481	103	23	beyond	beyond	ADP
cblr-12481	103	24	profit	profit	NOUN
cblr-12481	103	25	that	that	PRON
cblr-12481	103	26	the	the	DET
cblr-12481	103	27	two	two	NUM
cblr-12481	103	28	current	current	ADJ
cblr-12481	103	29	paradigms	paradigm	NOUN
cblr-12481	103	30	fail	fail	VERB
cblr-12481	103	31	to	to	PART
cblr-12481	103	32	account	account	VERB
cblr-12481	103	33	for	for	ADP
cblr-12481	103	34	.	.	PUNCT
cblr-12481	104	1	i	i	PRON
cblr-12481	104	2	argue	argue	VERB
cblr-12481	104	3	that	that	SCONJ
cblr-12481	104	4	technocracy	technocracy	NOUN
cblr-12481	104	5	offers	offer	VERB
cblr-12481	104	6	a	a	DET
cblr-12481	104	7	framework	framework	NOUN
cblr-12481	104	8	for	for	ADP
cblr-12481	104	9	acknowledging	acknowledging	NOUN
cblr-12481	104	10	,	,	PUNCT
cblr-12481	104	11	interrogating	interrogating	NOUN
cblr-12481	104	12	,	,	PUNCT
cblr-12481	104	13	and	and	CCONJ
cblr-12481	104	14	managing	manage	VERB
cblr-12481	104	15	the	the	DET
cblr-12481	104	16	political	political	ADJ
cblr-12481	104	17	aspects	aspect	NOUN
cblr-12481	104	18	of	of	ADP
cblr-12481	104	19	esg	esg	NOUN
cblr-12481	104	20	governance	governance	NOUN
cblr-12481	104	21	while	while	SCONJ
cblr-12481	104	22	tempering	temper	VERB
cblr-12481	104	23	them	they	PRON
cblr-12481	104	24	through	through	ADP
cblr-12481	104	25	the	the	DET
cblr-12481	104	26	logic	logic	NOUN
cblr-12481	104	27	of	of	ADP
cblr-12481	104	28	materiality	materiality	NOUN
cblr-12481	104	29	and	and	CCONJ
cblr-12481	104	30	the	the	DET
cblr-12481	104	31	constrained	constrain	VERB
cblr-12481	104	32	mandate	mandate	NOUN
cblr-12481	104	33	of	of	ADP
cblr-12481	104	34	technical	technical	ADJ
cblr-12481	104	35	expertise	expertise	NOUN
cblr-12481	104	36	.	.	PUNCT
cblr-12481	105	1	the	the	DET
cblr-12481	105	2	corporate	corporate	ADJ
cblr-12481	105	3	technocracy	technocracy	NOUN
cblr-12481	105	4	emphasizes	emphasize	VERB
cblr-12481	105	5	institutional	institutional	ADJ
cblr-12481	105	6	capacity	capacity	NOUN
cblr-12481	105	7	and	and	CCONJ
cblr-12481	105	8	technical	technical	ADJ
cblr-12481	105	9	expertise	expertise	NOUN
cblr-12481	105	10	which	which	PRON
cblr-12481	105	11	render	render	VERB
cblr-12481	105	12	corporate	corporate	ADJ
cblr-12481	105	13	purpose	purpose	NOUN
cblr-12481	105	14	legible	legible	ADJ
cblr-12481	105	15	,	,	PUNCT
cblr-12481	105	16	and	and	CCONJ
cblr-12481	105	17	therefore	therefore	ADV
cblr-12481	105	18	measurable	measurable	ADJ
cblr-12481	105	19	and	and	CCONJ
cblr-12481	105	20	administrable	administrable	ADJ
cblr-12481	105	21	.	.	PUNCT
cblr-12481	106	1	it	it	PRON
cblr-12481	106	2	remains	remain	VERB
cblr-12481	106	3	consistent	consistent	ADJ
cblr-12481	106	4	with	with	ADP
cblr-12481	106	5	delaware	delaware	PROPN
cblr-12481	106	6	corporate	corporate	PROPN
cblr-12481	106	7	law	law	NOUN
cblr-12481	106	8	doctrine	doctrine	NOUN
cblr-12481	106	9	and	and	CCONJ
cblr-12481	106	10	federal	federal	ADJ
cblr-12481	106	11	securities	security	NOUN
cblr-12481	106	12	law	law	NOUN
cblr-12481	106	13	.	.	PUNCT
cblr-12481	107	1	technocracy	technocracy	NOUN
cblr-12481	107	2	offers	offer	VERB
cblr-12481	107	3	a	a	DET
cblr-12481	107	4	way	way	NOUN
cblr-12481	107	5	to	to	PART
cblr-12481	107	6	redeem	redeem	VERB
cblr-12481	107	7	the	the	DET
cblr-12481	107	8	promises	promise	NOUN
cblr-12481	107	9	of	of	ADP
cblr-12481	107	10	managerialism	managerialism	NOUN
cblr-12481	107	11	while	while	SCONJ
cblr-12481	107	12	also	also	ADV
cblr-12481	107	13	allowing	allow	VERB
cblr-12481	107	14	a	a	DET
cblr-12481	107	15	role	role	NOUN
cblr-12481	107	16	for	for	ADP
cblr-12481	107	17	shareholders	shareholder	NOUN
cblr-12481	107	18	in	in	ADP
cblr-12481	107	19	promoting	promote	VERB
cblr-12481	107	20	prosocial	prosocial	ADJ
cblr-12481	107	21	corporate	corporate	ADJ
cblr-12481	107	22	decision	decision	NOUN
cblr-12481	107	23	-	-	PUNCT
cblr-12481	107	24	making	making	NOUN
cblr-12481	107	25	.	.	PUNCT
cblr-12481	108	1	i	i	PRON
cblr-12481	108	2	begin	begin	VERB
cblr-12481	108	3	in	in	ADP
cblr-12481	108	4	part	part	NOUN
cblr-12481	108	5	ii	ii	NOUN
cblr-12481	108	6	by	by	ADP
cblr-12481	108	7	providing	provide	VERB
cblr-12481	108	8	conceptual	conceptual	ADJ
cblr-12481	108	9	clarity	clarity	NOUN
cblr-12481	108	10	for	for	ADP
cblr-12481	108	11	a	a	DET
cblr-12481	108	12	muddled	muddled	ADJ
cblr-12481	108	13	discussion	discussion	NOUN
cblr-12481	108	14	of	of	ADP
cblr-12481	108	15	esg	esg	PROPN
cblr-12481	108	16	.	.	PUNCT
cblr-12481	109	1	i	i	PRON
cblr-12481	109	2	set	set	VERB
cblr-12481	109	3	out	out	ADP
cblr-12481	109	4	a	a	DET
cblr-12481	109	5	taxonomy	taxonomy	NOUN
cblr-12481	109	6	of	of	ADP
cblr-12481	109	7	“	"	PUNCT
cblr-12481	109	8	esg	esg	PROPN
cblr-12481	109	9	”	"	PUNCT
cblr-12481	109	10	along	along	ADP
cblr-12481	109	11	mainstream	mainstream	NOUN
cblr-12481	109	12	activists	activist	NOUN
cblr-12481	109	13	like	like	ADP
cblr-12481	109	14	elliott	elliott	PROPN
cblr-12481	109	15	management	management	PROPN
cblr-12481	109	16	and	and	CCONJ
cblr-12481	109	17	third	third	ADJ
cblr-12481	109	18	point	point	NOUN
cblr-12481	109	19	are	be	AUX
cblr-12481	109	20	highlighting	highlight	VERB
cblr-12481	109	21	esg	esg	PROPN
cblr-12481	109	22	to	to	PART
cblr-12481	109	23	win	win	VERB
cblr-12481	109	24	the	the	DET
cblr-12481	109	25	support	support	NOUN
cblr-12481	109	26	of	of	ADP
cblr-12481	109	27	big	big	ADJ
cblr-12481	109	28	funds	fund	NOUN
cblr-12481	109	29	for	for	ADP
cblr-12481	109	30	their	their	PRON
cblr-12481	109	31	campaigns	campaign	NOUN
cblr-12481	109	32	.	.	PUNCT
cblr-12481	110	1	corrie	corrie	PROPN
cblr-12481	110	2	driebusch	driebusch	PROPN
cblr-12481	110	3	,	,	PUNCT
cblr-12481	110	4	the	the	DET
cblr-12481	110	5	next	next	ADJ
cblr-12481	110	6	wave	wave	NOUN
cblr-12481	110	7	in	in	ADP
cblr-12481	110	8	shareholder	shareholder	NOUN
cblr-12481	110	9	activism	activism	NOUN
cblr-12481	110	10	:	:	PUNCT
cblr-12481	110	11	socially	socially	ADV
cblr-12481	110	12	responsible	responsible	ADJ
cblr-12481	110	13	investing	investing	NOUN
cblr-12481	110	14	,	,	PUNCT
cblr-12481	110	15	wall	wall	PROPN
cblr-12481	110	16	st	st	PROPN
cblr-12481	110	17	.	.	PROPN
cblr-12481	110	18	j.	j.	PROPN
cblr-12481	110	19	(	(	PUNCT
cblr-12481	110	20	mar	mar	PROPN
cblr-12481	110	21	.	.	PROPN
cblr-12481	110	22	8	8	NUM
cblr-12481	110	23	,	,	PUNCT
cblr-12481	110	24	2020	2020	NUM
cblr-12481	110	25	)	)	PUNCT
cblr-12481	110	26	,	,	PUNCT
cblr-12481	110	27	https://www.wsj.com/articles/thenext-wave-in-shareholder-activism-socially-responsible-investing11582892251	https://www.wsj.com/articles/thenext-wave-in-shareholder-activism-socially-responsible-investing11582892251	X
cblr-12481	111	1	[	[	X
cblr-12481	111	2	on	on	ADP
cblr-12481	111	3	file	file	NOUN
cblr-12481	111	4	with	with	ADP
cblr-12481	111	5	the	the	DET
cblr-12481	111	6	columbia	columbia	PROPN
cblr-12481	111	7	business	business	PROPN
cblr-12481	111	8	law	law	PROPN
cblr-12481	111	9	review	review	PROPN
cblr-12481	111	10	]	]	PUNCT
cblr-12481	111	11	.	.	PROPN
cblr-12481	111	12	832	832	NUM
cblr-12481	111	13	columbia	columbia	PROPN
cblr-12481	111	14	business	business	NOUN
cblr-12481	111	15	law	law	PROPN
cblr-12481	111	16	review	review	NOUN
cblr-12481	111	17	[	[	X
cblr-12481	111	18	vol	vol	NOUN
cblr-12481	111	19	.	.	PUNCT
cblr-12481	111	20	2023	2023	NUM
cblr-12481	111	21	the	the	DET
cblr-12481	111	22	dimensions	dimension	NOUN
cblr-12481	111	23	of	of	ADP
cblr-12481	111	24	purpose	purpose	NOUN
cblr-12481	111	25	and	and	CCONJ
cblr-12481	111	26	power	power	NOUN
cblr-12481	111	27	.	.	PUNCT
cblr-12481	112	1	i	i	PRON
cblr-12481	112	2	argue	argue	VERB
cblr-12481	112	3	that	that	SCONJ
cblr-12481	112	4	esg	esg	PROPN
cblr-12481	112	5	implicates	implicate	VERB
cblr-12481	112	6	a	a	DET
cblr-12481	112	7	claim	claim	NOUN
cblr-12481	112	8	about	about	ADP
cblr-12481	112	9	corporate	corporate	ADJ
cblr-12481	112	10	purpose	purpose	NOUN
cblr-12481	112	11	(	(	PUNCT
cblr-12481	112	12	ends	end	VERB
cblr-12481	112	13	)	)	PUNCT
cblr-12481	112	14	and	and	CCONJ
cblr-12481	112	15	a	a	DET
cblr-12481	112	16	claim	claim	NOUN
cblr-12481	112	17	about	about	ADP
cblr-12481	112	18	corporate	corporate	ADJ
cblr-12481	112	19	control	control	NOUN
cblr-12481	112	20	(	(	PUNCT
cblr-12481	112	21	means	mean	NOUN
cblr-12481	112	22	)	)	PUNCT
cblr-12481	112	23	.	.	PUNCT
cblr-12481	113	1	the	the	DET
cblr-12481	113	2	two	two	NUM
cblr-12481	113	3	claims	claim	NOUN
cblr-12481	113	4	combined	combine	VERB
cblr-12481	113	5	determine	determine	VERB
cblr-12481	113	6	corporate	corporate	ADJ
cblr-12481	113	7	political	political	ADJ
cblr-12481	113	8	economy	economy	NOUN
cblr-12481	113	9	and	and	CCONJ
cblr-12481	113	10	the	the	DET
cblr-12481	113	11	agency	agency	NOUN
cblr-12481	113	12	relationships	relationship	NOUN
cblr-12481	113	13	that	that	PRON
cblr-12481	113	14	comprise	comprise	VERB
cblr-12481	113	15	it	it	PRON
cblr-12481	113	16	.	.	PUNCT
cblr-12481	114	1	in	in	ADP
cblr-12481	114	2	part	part	PROPN
cblr-12481	114	3	iii	iii	NOUN
cblr-12481	114	4	,	,	PUNCT
cblr-12481	114	5	i	i	PRON
cblr-12481	114	6	develop	develop	VERB
cblr-12481	114	7	a	a	DET
cblr-12481	114	8	structural	structural	ADJ
cblr-12481	114	9	critique	critique	NOUN
cblr-12481	114	10	of	of	ADP
cblr-12481	114	11	the	the	DET
cblr-12481	114	12	principal	principal	ADJ
cblr-12481	114	13	-	-	PUNCT
cblr-12481	114	14	agent	agent	NOUN
cblr-12481	114	15	challenges	challenge	NOUN
cblr-12481	114	16	provoked	provoke	VERB
cblr-12481	114	17	by	by	ADP
cblr-12481	114	18	prosocial	prosocial	ADJ
cblr-12481	114	19	accounts	account	NOUN
cblr-12481	114	20	of	of	ADP
cblr-12481	114	21	corporate	corporate	ADJ
cblr-12481	114	22	purpose	purpose	NOUN
cblr-12481	114	23	.	.	PUNCT
cblr-12481	115	1	i	i	PRON
cblr-12481	115	2	identify	identify	VERB
cblr-12481	115	3	principal	principal	ADJ
cblr-12481	115	4	-	-	PUNCT
cblr-12481	115	5	agent	agent	NOUN
cblr-12481	115	6	relationships	relationship	NOUN
cblr-12481	115	7	at	at	ADP
cblr-12481	115	8	the	the	DET
cblr-12481	115	9	heart	heart	NOUN
cblr-12481	115	10	of	of	ADP
cblr-12481	115	11	the	the	DET
cblr-12481	115	12	two	two	NUM
cblr-12481	115	13	prevailing	prevail	VERB
cblr-12481	115	14	esg	esg	NOUN
cblr-12481	115	15	governance	governance	NOUN
cblr-12481	115	16	proposals	proposal	NOUN
cblr-12481	115	17	—	—	PUNCT
cblr-12481	115	18	shareholder	shareholder	NOUN
cblr-12481	115	19	democracy	democracy	NOUN
cblr-12481	115	20	and	and	CCONJ
cblr-12481	115	21	managerialism	managerialism	NOUN
cblr-12481	115	22	—	—	PUNCT
cblr-12481	115	23	and	and	CCONJ
cblr-12481	115	24	argue	argue	VERB
cblr-12481	115	25	that	that	SCONJ
cblr-12481	115	26	each	each	DET
cblr-12481	115	27	proposal	proposal	NOUN
cblr-12481	115	28	engenders	engender	VERB
cblr-12481	115	29	new	new	ADJ
cblr-12481	115	30	agency	agency	NOUN
cblr-12481	115	31	challenges	challenge	NOUN
cblr-12481	115	32	that	that	PRON
cblr-12481	115	33	are	be	AUX
cblr-12481	115	34	not	not	PART
cblr-12481	115	35	accounted	account	VERB
cblr-12481	115	36	for	for	ADP
cblr-12481	115	37	under	under	ADP
cblr-12481	115	38	current	current	ADJ
cblr-12481	115	39	governance	governance	NOUN
cblr-12481	115	40	arrangements	arrangement	NOUN
cblr-12481	115	41	or	or	CCONJ
cblr-12481	115	42	by	by	ADP
cblr-12481	115	43	proposed	propose	VERB
cblr-12481	115	44	governance	governance	NOUN
cblr-12481	115	45	reforms	reform	NOUN
cblr-12481	115	46	.	.	PUNCT
cblr-12481	116	1	in	in	ADP
cblr-12481	116	2	part	part	NOUN
cblr-12481	116	3	iv	iv	X
cblr-12481	116	4	,	,	PUNCT
cblr-12481	116	5	i	i	PRON
cblr-12481	116	6	elaborate	elaborate	VERB
cblr-12481	116	7	the	the	DET
cblr-12481	116	8	corporate	corporate	ADJ
cblr-12481	116	9	technocracy	technocracy	NOUN
cblr-12481	116	10	as	as	ADP
cblr-12481	116	11	an	an	DET
cblr-12481	116	12	alternative	alternative	ADJ
cblr-12481	116	13	governance	governance	NOUN
cblr-12481	116	14	paradigm	paradigm	NOUN
cblr-12481	116	15	that	that	PRON
cblr-12481	116	16	furthers	further	VERB
cblr-12481	116	17	the	the	DET
cblr-12481	116	18	goals	goal	NOUN
cblr-12481	116	19	of	of	ADP
cblr-12481	116	20	esg	esg	PROPN
cblr-12481	116	21	while	while	SCONJ
cblr-12481	116	22	remaining	remain	VERB
cblr-12481	116	23	reconcilable	reconcilable	ADJ
cblr-12481	116	24	with	with	ADP
cblr-12481	116	25	delaware	delaware	PROPN
cblr-12481	116	26	corporate	corporate	PROPN
cblr-12481	116	27	law	law	NOUN
cblr-12481	116	28	doctrine	doctrine	NOUN
cblr-12481	116	29	and	and	CCONJ
cblr-12481	116	30	federal	federal	ADJ
cblr-12481	116	31	securities	security	NOUN
cblr-12481	116	32	law	law	NOUN
cblr-12481	116	33	.	.	PUNCT
cblr-12481	117	1	i	i	PRON
cblr-12481	117	2	make	make	VERB
cblr-12481	117	3	a	a	DET
cblr-12481	117	4	normative	normative	ADJ
cblr-12481	117	5	case	case	NOUN
cblr-12481	117	6	for	for	ADP
cblr-12481	117	7	the	the	DET
cblr-12481	117	8	corporate	corporate	ADJ
cblr-12481	117	9	technocracy	technocracy	NOUN
cblr-12481	117	10	and	and	CCONJ
cblr-12481	117	11	outline	outline	VERB
cblr-12481	117	12	its	its	PRON
cblr-12481	117	13	three	three	NUM
cblr-12481	117	14	main	main	ADJ
cblr-12481	117	15	structural	structural	ADJ
cblr-12481	117	16	features	feature	NOUN
cblr-12481	117	17	.	.	PUNCT
cblr-12481	118	1	i	i	PRON
cblr-12481	118	2	develop	develop	VERB
cblr-12481	118	3	the	the	DET
cblr-12481	118	4	consequences	consequence	NOUN
cblr-12481	118	5	of	of	ADP
cblr-12481	118	6	adopting	adopt	VERB
cblr-12481	118	7	a	a	DET
cblr-12481	118	8	technocratic	technocratic	ADJ
cblr-12481	118	9	approach	approach	NOUN
cblr-12481	118	10	to	to	ADP
cblr-12481	118	11	esg	esg	PROPN
cblr-12481	118	12	through	through	ADP
cblr-12481	118	13	the	the	DET
cblr-12481	118	14	examples	example	NOUN
cblr-12481	118	15	of	of	ADP
cblr-12481	118	16	climate	climate	NOUN
cblr-12481	118	17	risk	risk	NOUN
cblr-12481	118	18	,	,	PUNCT
cblr-12481	118	19	corporate	corporate	ADJ
cblr-12481	118	20	political	political	ADJ
cblr-12481	118	21	speech	speech	NOUN
cblr-12481	118	22	,	,	PUNCT
cblr-12481	118	23	and	and	CCONJ
cblr-12481	118	24	diversity	diversity	NOUN
cblr-12481	118	25	,	,	PUNCT
cblr-12481	118	26	equity	equity	NOUN
cblr-12481	118	27	,	,	PUNCT
cblr-12481	118	28	and	and	CCONJ
cblr-12481	118	29	inclusion	inclusion	NOUN
cblr-12481	118	30	(	(	PUNCT
cblr-12481	118	31	dei	dei	NOUN
cblr-12481	118	32	)	)	PUNCT
cblr-12481	118	33	.	.	PUNCT
cblr-12481	119	1	corporate	corporate	ADJ
cblr-12481	119	2	technocracy	technocracy	NOUN
cblr-12481	119	3	overcomes	overcome	VERB
cblr-12481	119	4	key	key	ADJ
cblr-12481	119	5	governance	governance	NOUN
cblr-12481	119	6	concerns	concern	NOUN
cblr-12481	119	7	raised	raise	VERB
cblr-12481	119	8	by	by	ADP
cblr-12481	119	9	esg	esg	PROPN
cblr-12481	119	10	critics	critic	NOUN
cblr-12481	119	11	and	and	CCONJ
cblr-12481	119	12	fills	fill	VERB
cblr-12481	119	13	gaps	gap	NOUN
cblr-12481	119	14	neglected	neglect	VERB
cblr-12481	119	15	by	by	ADP
cblr-12481	119	16	proponents	proponent	NOUN
cblr-12481	119	17	.	.	PUNCT
cblr-12481	120	1	this	this	DET
cblr-12481	120	2	article	article	NOUN
cblr-12481	120	3	offers	offer	VERB
cblr-12481	120	4	a	a	DET
cblr-12481	120	5	way	way	NOUN
cblr-12481	120	6	beyond	beyond	ADP
cblr-12481	120	7	the	the	DET
cblr-12481	120	8	political	political	ADJ
cblr-12481	120	9	dogma	dogma	NOUN
cblr-12481	120	10	that	that	PRON
cblr-12481	120	11	plagues	plague	VERB
cblr-12481	120	12	contemporary	contemporary	PROPN
cblr-12481	120	13	esg	esg	PROPN
cblr-12481	120	14	debates	debate	NOUN
cblr-12481	120	15	and	and	CCONJ
cblr-12481	120	16	offers	offer	VERB
cblr-12481	120	17	a	a	DET
cblr-12481	120	18	normatively	normatively	ADV
cblr-12481	120	19	defensible	defensible	ADJ
cblr-12481	120	20	and	and	CCONJ
cblr-12481	120	21	practically	practically	ADV
cblr-12481	120	22	administrable	administrable	ADJ
cblr-12481	120	23	model	model	NOUN
cblr-12481	120	24	for	for	ADP
cblr-12481	120	25	advancing	advance	VERB
cblr-12481	120	26	corporate	corporate	ADJ
cblr-12481	120	27	esg	esg	PROPN
cblr-12481	120	28	.	.	PUNCT
cblr-12481	120	29	ii	ii	PROPN
cblr-12481	120	30	.	.	PUNCT
cblr-12481	121	1	esg	esg	PROPN
cblr-12481	121	2	:	:	PUNCT
cblr-12481	121	3	a	a	DET
cblr-12481	121	4	taxonomy	taxonomy	NOUN
cblr-12481	121	5	esg	esg	NOUN
cblr-12481	121	6	has	have	VERB
cblr-12481	121	7	many	many	ADJ
cblr-12481	121	8	meanings	meaning	NOUN
cblr-12481	121	9	among	among	ADP
cblr-12481	121	10	practitioners	practitioner	NOUN
cblr-12481	121	11	,	,	PUNCT
cblr-12481	121	12	scholars	scholar	NOUN
cblr-12481	121	13	,	,	PUNCT
cblr-12481	121	14	and	and	CCONJ
cblr-12481	121	15	policymakers	policymaker	NOUN
cblr-12481	121	16	.	.	PUNCT
cblr-12481	122	1	it	it	PRON
cblr-12481	122	2	motivates	motivate	VERB
cblr-12481	122	3	varying	vary	VERB
cblr-12481	122	4	—	—	PUNCT
cblr-12481	122	5	even	even	ADV
cblr-12481	122	6	contradicting	contradict	VERB
cblr-12481	122	7	—	—	PUNCT
cblr-12481	122	8	corporate	corporate	ADJ
cblr-12481	122	9	governance	governance	NOUN
cblr-12481	122	10	projects.5	projects.5	PROPN
cblr-12481	122	11	in	in	ADP
cblr-12481	122	12	this	this	DET
cblr-12481	122	13	section	section	NOUN
cblr-12481	122	14	,	,	PUNCT
cblr-12481	122	15	i	i	PRON
cblr-12481	122	16	set	set	VERB
cblr-12481	122	17	out	out	ADP
cblr-12481	122	18	a	a	DET
cblr-12481	122	19	taxonomy	taxonomy	NOUN
cblr-12481	122	20	of	of	ADP
cblr-12481	122	21	“	"	PUNCT
cblr-12481	122	22	esg	esg	PROPN
cblr-12481	122	23	”	"	PUNCT
cblr-12481	122	24	that	that	PRON
cblr-12481	122	25	identifies	identify	VERB
cblr-12481	122	26	how	how	SCONJ
cblr-12481	122	27	corporate	corporate	ADJ
cblr-12481	122	28	purpose	purpose	NOUN
cblr-12481	122	29	combines	combine	VERB
cblr-12481	122	30	with	with	ADP
cblr-12481	122	31	corporate	corporate	ADJ
cblr-12481	122	32	control	control	NOUN
cblr-12481	122	33	to	to	PART
cblr-12481	122	34	determine	determine	VERB
cblr-12481	122	35	corporate	corporate	ADJ
cblr-12481	122	36	political	political	ADJ
cblr-12481	122	37	economy	economy	NOUN
cblr-12481	122	38	.	.	PUNCT
cblr-12481	123	1	i	i	PRON
cblr-12481	123	2	argue	argue	VERB
cblr-12481	123	3	that	that	SCONJ
cblr-12481	123	4	each	each	DET
cblr-12481	123	5	esg	esg	PROPN
cblr-12481	123	6	paradigm	paradigm	NOUN
cblr-12481	123	7	advances	advance	VERB
cblr-12481	123	8	a	a	DET
cblr-12481	123	9	claim	claim	NOUN
cblr-12481	123	10	about	about	ADP
cblr-12481	123	11	corporate	corporate	ADJ
cblr-12481	123	12	purpose	purpose	NOUN
cblr-12481	123	13	and	and	CCONJ
cblr-12481	123	14	a	a	DET
cblr-12481	123	15	claim	claim	NOUN
cblr-12481	123	16	about	about	ADP
cblr-12481	123	17	corporate	corporate	ADJ
cblr-12481	123	18	control	control	NOUN
cblr-12481	123	19	.	.	PUNCT
cblr-12481	124	1	i	i	PRON
cblr-12481	124	2	advance	advance	VERB
cblr-12481	124	3	that	that	SCONJ
cblr-12481	124	4	those	those	PRON
cblr-12481	124	5	who	who	PRON
cblr-12481	124	6	promote	promote	VERB
cblr-12481	124	7	esg	esg	PROPN
cblr-12481	124	8	must	must	AUX
cblr-12481	124	9	contend	contend	VERB
cblr-12481	124	10	with	with	ADP
cblr-12481	124	11	5	5	NUM
cblr-12481	124	12	elizabeth	elizabeth	PROPN
cblr-12481	124	13	pollman	pollman	PROPN
cblr-12481	124	14	,	,	PUNCT
cblr-12481	124	15	the	the	DET
cblr-12481	124	16	making	making	NOUN
cblr-12481	124	17	and	and	CCONJ
cblr-12481	124	18	meaning	meaning	NOUN
cblr-12481	124	19	of	of	ADP
cblr-12481	124	20	esg	esg	PROPN
cblr-12481	124	21	32–35	32–35	NUM
cblr-12481	124	22	(	(	PUNCT
cblr-12481	124	23	eur	eur	PROPN
cblr-12481	124	24	.	.	PROPN
cblr-12481	124	25	corp	corp	PROPN
cblr-12481	124	26	.	.	PROPN
cblr-12481	124	27	governance	governance	PROPN
cblr-12481	124	28	inst	inst	PROPN
cblr-12481	124	29	.	.	PROPN
cblr-12481	124	30	,	,	PUNCT
cblr-12481	124	31	working	work	VERB
cblr-12481	124	32	paper	paper	NOUN
cblr-12481	124	33	no	no	INTJ
cblr-12481	124	34	.	.	PROPN
cblr-12481	124	35	659	659	NUM
cblr-12481	124	36	,	,	PUNCT
cblr-12481	124	37	2022	2022	NUM
cblr-12481	124	38	)	)	PUNCT
cblr-12481	124	39	.	.	PUNCT
cblr-12481	125	1	no	no	INTJ
cblr-12481	125	2	.	.	NOUN
cblr-12481	126	1	2	2	NUM
cblr-12481	126	2	]	]	X
cblr-12481	126	3	corporate	corporate	ADJ
cblr-12481	126	4	technocracy	technocracy	NOUN
cblr-12481	126	5	833	833	NUM
cblr-12481	126	6	both	both	PRON
cblr-12481	126	7	ends	end	VERB
cblr-12481	126	8	(	(	PUNCT
cblr-12481	126	9	purpose	purpose	NOUN
cblr-12481	126	10	)	)	PUNCT
cblr-12481	126	11	and	and	CCONJ
cblr-12481	126	12	means	mean	VERB
cblr-12481	126	13	(	(	PUNCT
cblr-12481	126	14	control	control	NOUN
cblr-12481	126	15	)	)	PUNCT
cblr-12481	126	16	to	to	PART
cblr-12481	126	17	deliver	deliver	VERB
cblr-12481	126	18	accountable	accountable	ADJ
cblr-12481	126	19	and	and	CCONJ
cblr-12481	126	20	effective	effective	ADJ
cblr-12481	126	21	esg	esg	NOUN
cblr-12481	126	22	governance	governance	NOUN
cblr-12481	126	23	.	.	PUNCT
cblr-12481	127	1	i	i	PRON
cblr-12481	127	2	go	go	VERB
cblr-12481	127	3	on	on	ADP
cblr-12481	127	4	to	to	PART
cblr-12481	127	5	map	map	VERB
cblr-12481	127	6	four	four	NUM
cblr-12481	127	7	prevailing	prevail	VERB
cblr-12481	127	8	interpretations	interpretation	NOUN
cblr-12481	127	9	of	of	ADP
cblr-12481	127	10	esg	esg	PROPN
cblr-12481	127	11	along	along	ADP
cblr-12481	127	12	the	the	DET
cblr-12481	127	13	axes	axis	NOUN
cblr-12481	127	14	of	of	ADP
cblr-12481	127	15	corporate	corporate	ADJ
cblr-12481	127	16	purpose	purpose	NOUN
cblr-12481	127	17	and	and	CCONJ
cblr-12481	127	18	corporate	corporate	ADJ
cblr-12481	127	19	control	control	NOUN
cblr-12481	127	20	to	to	PART
cblr-12481	127	21	demonstrate	demonstrate	VERB
cblr-12481	127	22	that	that	SCONJ
cblr-12481	127	23	while	while	SCONJ
cblr-12481	127	24	these	these	DET
cblr-12481	127	25	interpretations	interpretation	NOUN
cblr-12481	127	26	might	might	AUX
cblr-12481	127	27	share	share	VERB
cblr-12481	127	28	a	a	DET
cblr-12481	127	29	commitment	commitment	NOUN
cblr-12481	127	30	to	to	ADP
cblr-12481	127	31	corporate	corporate	ADJ
cblr-12481	127	32	prosociality	prosociality	NOUN
cblr-12481	127	33	,	,	PUNCT
cblr-12481	127	34	each	each	PRON
cblr-12481	127	35	generates	generate	VERB
cblr-12481	127	36	different	different	ADJ
cblr-12481	127	37	principal	principal	ADJ
cblr-12481	127	38	-	-	PUNCT
cblr-12481	127	39	agent	agent	NOUN
cblr-12481	127	40	relationships	relationship	NOUN
cblr-12481	127	41	and	and	CCONJ
cblr-12481	127	42	demands	demand	VERB
cblr-12481	127	43	its	its	PRON
cblr-12481	127	44	own	own	ADJ
cblr-12481	127	45	set	set	NOUN
cblr-12481	127	46	of	of	ADP
cblr-12481	127	47	corresponding	correspond	VERB
cblr-12481	127	48	governance	governance	NOUN
cblr-12481	127	49	reforms	reform	NOUN
cblr-12481	127	50	.	.	PUNCT
cblr-12481	128	1	it	it	PRON
cblr-12481	128	2	is	be	AUX
cblr-12481	128	3	only	only	ADV
cblr-12481	128	4	by	by	ADP
cblr-12481	128	5	defining	define	VERB
cblr-12481	128	6	and	and	CCONJ
cblr-12481	128	7	accounting	account	VERB
cblr-12481	128	8	for	for	ADP
cblr-12481	128	9	these	these	DET
cblr-12481	128	10	relationships	relationship	NOUN
cblr-12481	128	11	that	that	SCONJ
cblr-12481	128	12	esg	esg	PROPN
cblr-12481	128	13	might	might	AUX
cblr-12481	128	14	deliver	deliver	VERB
cblr-12481	128	15	on	on	ADP
cblr-12481	128	16	its	its	PRON
cblr-12481	128	17	objectives	objective	NOUN
cblr-12481	128	18	while	while	SCONJ
cblr-12481	128	19	avoiding	avoid	VERB
cblr-12481	128	20	major	major	ADJ
cblr-12481	128	21	shortcomings	shortcoming	NOUN
cblr-12481	128	22	touted	tout	VERB
cblr-12481	128	23	by	by	ADP
cblr-12481	128	24	its	its	PRON
cblr-12481	128	25	critics	critic	NOUN
cblr-12481	128	26	.	.	PUNCT
cblr-12481	129	1	a.	a.	NOUN
cblr-12481	130	1	the	the	DET
cblr-12481	130	2	ends	end	NOUN
cblr-12481	130	3	of	of	ADP
cblr-12481	130	4	esg	esg	PROPN
cblr-12481	130	5	what	what	PRON
cblr-12481	130	6	’s	’	VERB
cblr-12481	130	7	a	a	DET
cblr-12481	130	8	corporation	corporation	NOUN
cblr-12481	130	9	for	for	ADP
cblr-12481	130	10	?	?	PUNCT
cblr-12481	131	1	scholars	scholar	NOUN
cblr-12481	131	2	,	,	PUNCT
cblr-12481	131	3	jurists	jurist	NOUN
cblr-12481	131	4	,	,	PUNCT
cblr-12481	131	5	and	and	CCONJ
cblr-12481	131	6	legal	legal	ADJ
cblr-12481	131	7	practitioners	practitioner	NOUN
cblr-12481	131	8	have	have	AUX
cblr-12481	131	9	debated	debate	VERB
cblr-12481	131	10	corporate	corporate	ADJ
cblr-12481	131	11	purpose	purpose	NOUN
cblr-12481	131	12	for	for	ADP
cblr-12481	131	13	nearly	nearly	ADV
cblr-12481	131	14	a	a	PRON
cblr-12481	131	15	century	century	NOUN
cblr-12481	131	16	.	.	PUNCT
cblr-12481	132	1	the	the	DET
cblr-12481	132	2	classic	classic	ADJ
cblr-12481	132	3	orientations	orientation	NOUN
cblr-12481	132	4	align	align	VERB
cblr-12481	132	5	with	with	ADP
cblr-12481	132	6	shareholder	shareholder	NOUN
cblr-12481	132	7	primacy	primacy	NOUN
cblr-12481	132	8	or	or	CCONJ
cblr-12481	132	9	stakeholder	stakeholder	NOUN
cblr-12481	132	10	governance	governance	NOUN
cblr-12481	132	11	and	and	CCONJ
cblr-12481	132	12	claim	claim	VERB
cblr-12481	132	13	their	their	PRON
cblr-12481	132	14	origins	origin	NOUN
cblr-12481	132	15	in	in	ADP
cblr-12481	132	16	an	an	DET
cblr-12481	132	17	early	early	ADJ
cblr-12481	132	18	1930s	1930s	NUM
cblr-12481	132	19	exchange	exchange	NOUN
cblr-12481	132	20	in	in	ADP
cblr-12481	132	21	the	the	DET
cblr-12481	132	22	harvard	harvard	PROPN
cblr-12481	132	23	law	law	PROPN
cblr-12481	132	24	review	review	NOUN
cblr-12481	132	25	between	between	ADP
cblr-12481	132	26	adolf	adolf	PROPN
cblr-12481	132	27	berle	berle	PROPN
cblr-12481	132	28	and	and	CCONJ
cblr-12481	132	29	merrick	merrick	PROPN
cblr-12481	132	30	dodd.6	dodd.6	PROPN
cblr-12481	132	31	6	6	NUM
cblr-12481	132	32	adolf	adolf	NOUN
cblr-12481	132	33	berle	berle	NOUN
cblr-12481	132	34	,	,	PUNCT
cblr-12481	132	35	corporate	corporate	ADJ
cblr-12481	132	36	powers	power	NOUN
cblr-12481	132	37	as	as	ADP
cblr-12481	132	38	powers	power	NOUN
cblr-12481	132	39	in	in	ADP
cblr-12481	132	40	trust	trust	NOUN
cblr-12481	132	41	,	,	PUNCT
cblr-12481	132	42	44	44	NUM
cblr-12481	132	43	harv	harv	NOUN
cblr-12481	132	44	.	.	PUNCT
cblr-12481	133	1	l.	l.	PROPN
cblr-12481	133	2	rev	rev	PROPN
cblr-12481	133	3	.	.	PROPN
cblr-12481	133	4	1049	1049	NUM
cblr-12481	133	5	,	,	PUNCT
cblr-12481	133	6	1049	1049	NUM
cblr-12481	133	7	(	(	PUNCT
cblr-12481	133	8	1931	1931	NUM
cblr-12481	133	9	)	)	PUNCT
cblr-12481	133	10	(	(	PUNCT
cblr-12481	133	11	“	"	PUNCT
cblr-12481	133	12	[	[	X
cblr-12481	134	1	a]ll	a]ll	PRON
cblr-12481	134	2	powers	power	NOUN
cblr-12481	134	3	granted	grant	VERB
cblr-12481	134	4	to	to	ADP
cblr-12481	134	5	a	a	DET
cblr-12481	134	6	corporation	corporation	NOUN
cblr-12481	134	7	or	or	CCONJ
cblr-12481	134	8	to	to	ADP
cblr-12481	134	9	the	the	DET
cblr-12481	134	10	management	management	NOUN
cblr-12481	134	11	of	of	ADP
cblr-12481	134	12	a	a	DET
cblr-12481	134	13	corporation	corporation	NOUN
cblr-12481	134	14	,	,	PUNCT
cblr-12481	134	15	or	or	CCONJ
cblr-12481	134	16	to	to	ADP
cblr-12481	134	17	any	any	DET
cblr-12481	134	18	group	group	NOUN
cblr-12481	134	19	within	within	ADP
cblr-12481	134	20	the	the	DET
cblr-12481	134	21	corporation	corporation	NOUN
cblr-12481	134	22	,	,	PUNCT
cblr-12481	134	23	whether	whether	SCONJ
cblr-12481	134	24	derived	derive	VERB
cblr-12481	134	25	from	from	ADP
cblr-12481	134	26	statute	statute	NOUN
cblr-12481	134	27	or	or	CCONJ
cblr-12481	134	28	charter	charter	NOUN
cblr-12481	134	29	or	or	CCONJ
cblr-12481	134	30	both	both	PRON
cblr-12481	134	31	,	,	PUNCT
cblr-12481	134	32	are	be	AUX
cblr-12481	134	33	necessarily	necessarily	ADV
cblr-12481	134	34	and	and	CCONJ
cblr-12481	134	35	at	at	ADP
cblr-12481	134	36	all	all	DET
cblr-12481	134	37	times	time	NOUN
cblr-12481	134	38	exercisable	exercisable	ADJ
cblr-12481	134	39	only	only	ADV
cblr-12481	134	40	for	for	ADP
cblr-12481	134	41	the	the	DET
cblr-12481	134	42	ratable	ratable	ADJ
cblr-12481	134	43	benefit	benefit	NOUN
cblr-12481	134	44	of	of	ADP
cblr-12481	134	45	all	all	DET
cblr-12481	134	46	the	the	DET
cblr-12481	134	47	shareholders	shareholder	NOUN
cblr-12481	134	48	as	as	SCONJ
cblr-12481	134	49	their	their	PRON
cblr-12481	134	50	interest	interest	NOUN
cblr-12481	134	51	appears	appear	VERB
cblr-12481	134	52	.	.	PUNCT
cblr-12481	134	53	”	"	PUNCT
cblr-12481	134	54	)	)	PUNCT
cblr-12481	134	55	;	;	PUNCT
cblr-12481	134	56	e.	e.	PROPN
cblr-12481	134	57	merrick	merrick	PROPN
cblr-12481	134	58	dodd	dodd	PROPN
cblr-12481	134	59	,	,	PUNCT
cblr-12481	134	60	jr	jr	PROPN
cblr-12481	134	61	.	.	PROPN
cblr-12481	135	1	for	for	ADP
cblr-12481	135	2	whom	whom	PRON
cblr-12481	135	3	are	be	AUX
cblr-12481	135	4	corporate	corporate	ADJ
cblr-12481	135	5	managers	manager	NOUN
cblr-12481	135	6	trustees	trustee	NOUN
cblr-12481	135	7	?	?	PUNCT
cblr-12481	135	8	,	,	PUNCT
cblr-12481	135	9	45	45	NUM
cblr-12481	135	10	harv	harv	NOUN
cblr-12481	135	11	.	.	PUNCT
cblr-12481	136	1	l.	l.	PROPN
cblr-12481	136	2	rev	rev	PROPN
cblr-12481	136	3	.	.	PROPN
cblr-12481	136	4	1145	1145	NUM
cblr-12481	136	5	,	,	PUNCT
cblr-12481	136	6	1147–48	1147–48	NUM
cblr-12481	136	7	(	(	PUNCT
cblr-12481	136	8	1932	1932	NUM
cblr-12481	136	9	)	)	PUNCT
cblr-12481	136	10	(	(	PUNCT
cblr-12481	136	11	“	"	PUNCT
cblr-12481	136	12	the	the	DET
cblr-12481	136	13	present	present	ADJ
cblr-12481	136	14	writer	writer	NOUN
cblr-12481	136	15	is	be	AUX
cblr-12481	136	16	thoroughly	thoroughly	ADV
cblr-12481	136	17	in	in	ADP
cblr-12481	136	18	sympathy	sympathy	NOUN
cblr-12481	136	19	with	with	ADP
cblr-12481	136	20	mr	mr	PROPN
cblr-12481	136	21	.	.	PROPN
cblr-12481	136	22	berle	berle	PROPN
cblr-12481	136	23	’s	’s	PART
cblr-12481	136	24	efforts	effort	NOUN
cblr-12481	136	25	to	to	PART
cblr-12481	136	26	establish	establish	VERB
cblr-12481	136	27	a	a	DET
cblr-12481	136	28	legal	legal	ADJ
cblr-12481	136	29	control	control	NOUN
cblr-12481	136	30	which	which	PRON
cblr-12481	136	31	will	will	AUX
cblr-12481	136	32	more	more	ADV
cblr-12481	136	33	effectually	effectually	ADV
cblr-12481	136	34	prevent	prevent	VERB
cblr-12481	136	35	corporate	corporate	ADJ
cblr-12481	136	36	managers	manager	NOUN
cblr-12481	136	37	from	from	ADP
cblr-12481	136	38	diverting	divert	VERB
cblr-12481	136	39	profit	profit	NOUN
cblr-12481	136	40	into	into	ADP
cblr-12481	136	41	their	their	PRON
cblr-12481	136	42	own	own	ADJ
cblr-12481	136	43	pockets	pocket	NOUN
cblr-12481	136	44	from	from	ADP
cblr-12481	136	45	those	those	PRON
cblr-12481	136	46	of	of	ADP
cblr-12481	136	47	stockholders	stockholder	NOUN
cblr-12481	136	48	,	,	PUNCT
cblr-12481	136	49	and	and	CCONJ
cblr-12481	136	50	agrees	agree	VERB
cblr-12481	136	51	with	with	ADP
cblr-12481	136	52	many	many	ADJ
cblr-12481	136	53	of	of	ADP
cblr-12481	136	54	the	the	DET
cblr-12481	136	55	specific	specific	ADJ
cblr-12481	136	56	rules	rule	NOUN
cblr-12481	136	57	which	which	PRON
cblr-12481	136	58	the	the	DET
cblr-12481	136	59	latter	latter	ADJ
cblr-12481	136	60	deduces	deduce	VERB
cblr-12481	136	61	from	from	ADP
cblr-12481	136	62	his	his	PRON
cblr-12481	136	63	trusteeship	trusteeship	NOUN
cblr-12481	136	64	,	,	PUNCT
cblr-12481	136	65	principle	principle	NOUN
cblr-12481	136	66	.	.	PUNCT
cblr-12481	137	1	he	he	PRON
cblr-12481	137	2	nevertheless	nevertheless	ADV
cblr-12481	137	3	believes	believe	VERB
cblr-12481	137	4	that	that	SCONJ
cblr-12481	137	5	it	it	PRON
cblr-12481	137	6	is	be	AUX
cblr-12481	137	7	undesirable	undesirable	ADJ
cblr-12481	137	8	,	,	PUNCT
cblr-12481	137	9	even	even	ADV
cblr-12481	137	10	with	with	ADP
cblr-12481	137	11	the	the	DET
cblr-12481	137	12	laudable	laudable	ADJ
cblr-12481	137	13	purpose	purpose	NOUN
cblr-12481	137	14	of	of	ADP
cblr-12481	137	15	giving	give	VERB
cblr-12481	137	16	stockholders	stockholder	NOUN
cblr-12481	137	17	much	much	ADV
cblr-12481	137	18	-	-	PUNCT
cblr-12481	137	19	needed	need	VERB
cblr-12481	137	20	protection	protection	NOUN
cblr-12481	137	21	against	against	ADP
cblr-12481	137	22	self	self	NOUN
cblr-12481	137	23	-	-	PUNCT
cblr-12481	137	24	seeking	seek	VERB
cblr-12481	137	25	managers	manager	NOUN
cblr-12481	137	26	,	,	PUNCT
cblr-12481	137	27	to	to	PART
cblr-12481	137	28	give	give	VERB
cblr-12481	137	29	increased	increase	VERB
cblr-12481	137	30	emphasis	emphasis	NOUN
cblr-12481	137	31	at	at	ADP
cblr-12481	137	32	the	the	DET
cblr-12481	137	33	present	present	ADJ
cblr-12481	137	34	time	time	NOUN
cblr-12481	137	35	to	to	ADP
cblr-12481	137	36	the	the	DET
cblr-12481	137	37	view	view	NOUN
cblr-12481	137	38	that	that	SCONJ
cblr-12481	137	39	business	business	NOUN
cblr-12481	137	40	corporations	corporation	NOUN
cblr-12481	137	41	exist	exist	VERB
cblr-12481	137	42	for	for	ADP
cblr-12481	137	43	the	the	DET
cblr-12481	137	44	sole	sole	ADJ
cblr-12481	137	45	purpose	purpose	NOUN
cblr-12481	137	46	of	of	ADP
cblr-12481	137	47	making	make	VERB
cblr-12481	137	48	profits	profit	NOUN
cblr-12481	137	49	for	for	ADP
cblr-12481	137	50	their	their	PRON
cblr-12481	137	51	stockholders	stockholder	NOUN
cblr-12481	137	52	.	.	PUNCT
cblr-12481	137	53	”	"	PUNCT
cblr-12481	137	54	)	)	PUNCT
cblr-12481	137	55	;	;	PUNCT
cblr-12481	137	56	adolf	adolf	PROPN
cblr-12481	137	57	berle	berle	PROPN
cblr-12481	137	58	,	,	PUNCT
cblr-12481	137	59	for	for	ADP
cblr-12481	137	60	whom	whom	PRON
cblr-12481	137	61	corporate	corporate	ADJ
cblr-12481	137	62	managers	manager	NOUN
cblr-12481	137	63	are	be	AUX
cblr-12481	137	64	trustees	trustee	NOUN
cblr-12481	137	65	:	:	PUNCT
cblr-12481	137	66	a	a	DET
cblr-12481	137	67	note	note	NOUN
cblr-12481	137	68	,	,	PUNCT
cblr-12481	137	69	45	45	NUM
cblr-12481	137	70	harv	harv	NOUN
cblr-12481	137	71	.	.	PUNCT
cblr-12481	138	1	l.	l.	PROPN
cblr-12481	138	2	rev	rev	PROPN
cblr-12481	138	3	.	.	PROPN
cblr-12481	138	4	1365	1365	NUM
cblr-12481	138	5	,	,	PUNCT
cblr-12481	138	6	1367	1367	NUM
cblr-12481	138	7	(	(	PUNCT
cblr-12481	138	8	1932	1932	NUM
cblr-12481	138	9	)	)	PUNCT
cblr-12481	138	10	(	(	PUNCT
cblr-12481	138	11	“	"	PUNCT
cblr-12481	138	12	now	now	ADV
cblr-12481	138	13	i	i	PRON
cblr-12481	138	14	submit	submit	VERB
cblr-12481	138	15	that	that	SCONJ
cblr-12481	138	16	you	you	PRON
cblr-12481	138	17	can	can	AUX
cblr-12481	138	18	not	not	PART
cblr-12481	138	19	abandon	abandon	VERB
cblr-12481	138	20	emphasis	emphasis	NOUN
cblr-12481	138	21	on	on	ADP
cblr-12481	138	22	‘	'	PUNCT
cblr-12481	138	23	the	the	DET
cblr-12481	138	24	view	view	NOUN
cblr-12481	138	25	that	that	SCONJ
cblr-12481	138	26	business	business	NOUN
cblr-12481	138	27	corporations	corporation	NOUN
cblr-12481	138	28	exist	exist	VERB
cblr-12481	138	29	for	for	ADP
cblr-12481	138	30	the	the	DET
cblr-12481	138	31	sole	sole	ADJ
cblr-12481	138	32	purpose	purpose	NOUN
cblr-12481	138	33	of	of	ADP
cblr-12481	138	34	making	make	VERB
cblr-12481	138	35	profits	profit	NOUN
cblr-12481	138	36	for	for	ADP
cblr-12481	138	37	their	their	PRON
cblr-12481	138	38	stockholders	stockholder	NOUN
cblr-12481	138	39	’	'	PUNCT
cblr-12481	138	40	until	until	ADP
cblr-12481	138	41	such	such	ADJ
cblr-12481	138	42	time	time	NOUN
cblr-12481	138	43	as	as	SCONJ
cblr-12481	138	44	you	you	PRON
cblr-12481	138	45	are	be	AUX
cblr-12481	138	46	prepared	prepared	ADJ
cblr-12481	138	47	to	to	PART
cblr-12481	138	48	offer	offer	VERB
cblr-12481	138	49	a	a	DET
cblr-12481	138	50	clear	clear	ADJ
cblr-12481	138	51	and	and	CCONJ
cblr-12481	138	52	reasonably	reasonably	ADV
cblr-12481	138	53	enforceable	enforceable	ADJ
cblr-12481	138	54	scheme	scheme	NOUN
cblr-12481	138	55	of	of	ADP
cblr-12481	138	56	responsibilities	responsibility	NOUN
cblr-12481	138	57	to	to	ADP
cblr-12481	138	58	someone	someone	PRON
cblr-12481	138	59	else	else	ADV
cblr-12481	138	60	.	.	PUNCT
cblr-12481	138	61	”	"	PUNCT
cblr-12481	138	62	)	)	PUNCT
cblr-12481	138	63	.	.	PUNCT
cblr-12481	139	1	modern	modern	ADJ
cblr-12481	139	2	proponents	proponent	NOUN
cblr-12481	139	3	of	of	ADP
cblr-12481	139	4	shareholder	shareholder	NOUN
cblr-12481	139	5	wealth	wealth	PROPN
cblr-12481	139	6	maximization	maximization	PROPN
cblr-12481	139	7	attribute	attribute	VERB
cblr-12481	139	8	their	their	PRON
cblr-12481	139	9	position	position	NOUN
cblr-12481	139	10	to	to	ADP
cblr-12481	139	11	berle	berle	NOUN
cblr-12481	139	12	while	while	SCONJ
cblr-12481	139	13	stakeholderists	stakeholderist	NOUN
cblr-12481	139	14	834	834	NUM
cblr-12481	139	15	columbia	columbia	PROPN
cblr-12481	139	16	business	business	NOUN
cblr-12481	139	17	law	law	PROPN
cblr-12481	139	18	review	review	NOUN
cblr-12481	139	19	[	[	X
cblr-12481	139	20	vol	vol	NOUN
cblr-12481	139	21	.	.	PUNCT
cblr-12481	139	22	2023	2023	NUM
cblr-12481	139	23	since	since	SCONJ
cblr-12481	139	24	the	the	DET
cblr-12481	139	25	late	late	ADJ
cblr-12481	139	26	twentieth	twentieth	ADJ
cblr-12481	139	27	century	century	NOUN
cblr-12481	139	28	,	,	PUNCT
cblr-12481	139	29	shareholder	shareholder	NOUN
cblr-12481	139	30	primacy	primacy	NOUN
cblr-12481	139	31	has	have	AUX
cblr-12481	139	32	been	be	AUX
cblr-12481	139	33	accepted	accept	VERB
cblr-12481	139	34	as	as	ADP
cblr-12481	139	35	the	the	DET
cblr-12481	139	36	corporation	corporation	NOUN
cblr-12481	139	37	’s	’s	PART
cblr-12481	139	38	default	default	NOUN
cblr-12481	139	39	purpose.7	purpose.7	NOUN
cblr-12481	139	40	shareholder	shareholder	NOUN
cblr-12481	139	41	primacy	primacy	NOUN
cblr-12481	139	42	defines	define	VERB
cblr-12481	139	43	managers	manager	NOUN
cblr-12481	139	44	’	’	PART
cblr-12481	139	45	mandate	mandate	NOUN
cblr-12481	139	46	and	and	CCONJ
cblr-12481	139	47	constrains	constrain	VERB
cblr-12481	139	48	the	the	DET
cblr-12481	139	49	scope	scope	NOUN
cblr-12481	139	50	of	of	ADP
cblr-12481	139	51	their	their	PRON
cblr-12481	139	52	discretion	discretion	NOUN
cblr-12481	139	53	.	.	PUNCT
cblr-12481	140	1	dodge	dodge	VERB
cblr-12481	140	2	v.	v.	ADP
cblr-12481	140	3	ford	ford	PROPN
cblr-12481	140	4	motor	motor	PROPN
cblr-12481	140	5	co.8	co.8	PROPN
cblr-12481	140	6	was	be	AUX
cblr-12481	140	7	long	long	ADV
cblr-12481	140	8	considered	consider	VERB
cblr-12481	140	9	the	the	DET
cblr-12481	140	10	controlling	control	VERB
cblr-12481	140	11	legal	legal	ADJ
cblr-12481	140	12	precedent	precedent	NOUN
cblr-12481	140	13	supporting	support	VERB
cblr-12481	140	14	shareholder	shareholder	NOUN
cblr-12481	140	15	primacy	primacy	NOUN
cblr-12481	140	16	,	,	PUNCT
cblr-12481	140	17	though	though	SCONJ
cblr-12481	140	18	this	this	DET
cblr-12481	140	19	account	account	NOUN
cblr-12481	140	20	confronted	confront	VERB
cblr-12481	140	21	considerable	considerable	ADJ
cblr-12481	140	22	dispute.9	dispute.9	PROPN
cblr-12481	140	23	in	in	ADP
cblr-12481	140	24	2010	2010	NUM
cblr-12481	140	25	,	,	PUNCT
cblr-12481	140	26	delaware	delaware	PROPN
cblr-12481	140	27	’s	’s	PART
cblr-12481	140	28	supreme	supreme	PROPN
cblr-12481	140	29	court	court	PROPN
cblr-12481	140	30	affirmed	affirm	VERB
cblr-12481	140	31	this	this	DET
cblr-12481	140	32	default	default	NOUN
cblr-12481	140	33	purpose	purpose	NOUN
cblr-12481	140	34	in	in	ADP
cblr-12481	140	35	ebay	ebay	ADJ
cblr-12481	140	36	domestic	domestic	ADJ
cblr-12481	140	37	holdings	holding	NOUN
cblr-12481	140	38	,	,	PUNCT
cblr-12481	140	39	inc	inc	PROPN
cblr-12481	140	40	.	.	PROPN
cblr-12481	141	1	v.	v.	ADP
cblr-12481	141	2	newmark.10	newmark.10	PROPN
cblr-12481	141	3	claim	claim	NOUN
cblr-12481	141	4	dodd	dodd	PROPN
cblr-12481	141	5	as	as	ADP
cblr-12481	141	6	their	their	PRON
cblr-12481	141	7	intellectual	intellectual	ADJ
cblr-12481	141	8	forefather	forefather	NOUN
cblr-12481	141	9	.	.	PUNCT
cblr-12481	142	1	historical	historical	ADJ
cblr-12481	142	2	revisionists	revisionist	NOUN
cblr-12481	142	3	argue	argue	VERB
cblr-12481	142	4	that	that	SCONJ
cblr-12481	142	5	this	this	PRON
cblr-12481	142	6	is	be	AUX
cblr-12481	142	7	a	a	DET
cblr-12481	142	8	mischaracterization	mischaracterization	NOUN
cblr-12481	142	9	of	of	ADP
cblr-12481	142	10	the	the	DET
cblr-12481	142	11	debate	debate	NOUN
cblr-12481	142	12	and	and	CCONJ
cblr-12481	142	13	that	that	SCONJ
cblr-12481	142	14	both	both	DET
cblr-12481	142	15	berle	berle	NOUN
cblr-12481	142	16	and	and	CCONJ
cblr-12481	142	17	dodd	dodd	PROPN
cblr-12481	142	18	would	would	AUX
cblr-12481	142	19	have	have	AUX
cblr-12481	142	20	been	be	AUX
cblr-12481	142	21	on	on	ADP
cblr-12481	142	22	the	the	DET
cblr-12481	142	23	side	side	NOUN
cblr-12481	142	24	of	of	ADP
cblr-12481	142	25	stakeholderism	stakeholderism	NOUN
cblr-12481	142	26	today	today	NOUN
cblr-12481	142	27	by	by	ADP
cblr-12481	142	28	virtue	virtue	NOUN
cblr-12481	142	29	of	of	ADP
cblr-12481	142	30	their	their	PRON
cblr-12481	142	31	corporatist	corporatist	NOUN
cblr-12481	142	32	orientation	orientation	NOUN
cblr-12481	142	33	.	.	PUNCT
cblr-12481	143	1	notwithstanding	notwithstanding	ADP
cblr-12481	143	2	this	this	DET
cblr-12481	143	3	critique	critique	NOUN
cblr-12481	143	4	,	,	PUNCT
cblr-12481	143	5	the	the	DET
cblr-12481	143	6	berle	berle	NOUN
cblr-12481	143	7	-	-	PUNCT
cblr-12481	143	8	dodd	dodd	PROPN
cblr-12481	143	9	debate	debate	NOUN
cblr-12481	143	10	has	have	AUX
cblr-12481	143	11	been	be	AUX
cblr-12481	143	12	used	use	VERB
cblr-12481	143	13	to	to	PART
cblr-12481	143	14	support	support	VERB
cblr-12481	143	15	and	and	CCONJ
cblr-12481	143	16	advance	advance	VERB
cblr-12481	143	17	the	the	DET
cblr-12481	143	18	binary	binary	NOUN
cblr-12481	143	19	that	that	PRON
cblr-12481	143	20	characterizes	characterize	VERB
cblr-12481	143	21	corporate	corporate	ADJ
cblr-12481	143	22	purpose	purpose	NOUN
cblr-12481	143	23	today	today	NOUN
cblr-12481	143	24	.	.	PUNCT
cblr-12481	144	1	see	see	VERB
cblr-12481	144	2	william	william	PROPN
cblr-12481	144	3	w.	w.	PROPN
cblr-12481	144	4	bratton	bratton	PROPN
cblr-12481	144	5	&	&	CCONJ
cblr-12481	144	6	michael	michael	PROPN
cblr-12481	144	7	l.	l.	PROPN
cblr-12481	144	8	wachter	wachter	PROPN
cblr-12481	144	9	,	,	PUNCT
cblr-12481	144	10	shareholder	shareholder	NOUN
cblr-12481	144	11	primacy	primacy	NOUN
cblr-12481	144	12	’s	’s	PART
cblr-12481	144	13	corporatist	corporatist	NOUN
cblr-12481	144	14	origins	origin	NOUN
cblr-12481	144	15	:	:	PUNCT
cblr-12481	144	16	adolf	adolf	PROPN
cblr-12481	144	17	berle	berle	PROPN
cblr-12481	144	18	and	and	CCONJ
cblr-12481	144	19	the	the	DET
cblr-12481	144	20	modern	modern	ADJ
cblr-12481	144	21	corporation	corporation	NOUN
cblr-12481	144	22	,	,	PUNCT
cblr-12481	144	23	34	34	NUM
cblr-12481	144	24	j.	j.	PROPN
cblr-12481	144	25	corp	corp	PROPN
cblr-12481	144	26	.	.	PROPN
cblr-12481	144	27	l.	l.	PROPN
cblr-12481	144	28	99	99	NUM
cblr-12481	144	29	,	,	PUNCT
cblr-12481	144	30	101	101	NUM
cblr-12481	144	31	(	(	PUNCT
cblr-12481	144	32	2008	2008	NUM
cblr-12481	144	33	)	)	PUNCT
cblr-12481	144	34	.	.	PUNCT
cblr-12481	145	1	7	7	NUM
cblr-12481	145	2	see	see	VERB
cblr-12481	145	3	,	,	PUNCT
cblr-12481	145	4	e.g.	e.g.	ADV
cblr-12481	145	5	,	,	PUNCT
cblr-12481	145	6	leo	leo	PROPN
cblr-12481	145	7	e.	e.	PROPN
cblr-12481	145	8	strine	strine	PROPN
cblr-12481	145	9	,	,	PUNCT
cblr-12481	145	10	jr	jr	PROPN
cblr-12481	145	11	.	.	PROPN
cblr-12481	145	12	,	,	PUNCT
cblr-12481	145	13	the	the	DET
cblr-12481	145	14	dangers	danger	NOUN
cblr-12481	145	15	of	of	ADP
cblr-12481	145	16	denial	denial	NOUN
cblr-12481	145	17	:	:	PUNCT
cblr-12481	145	18	the	the	DET
cblr-12481	145	19	need	need	NOUN
cblr-12481	145	20	for	for	ADP
cblr-12481	145	21	a	a	DET
cblr-12481	145	22	clear	clear	ADJ
cblr-12481	145	23	-	-	PUNCT
cblr-12481	145	24	eyed	eyed	ADJ
cblr-12481	145	25	understanding	understanding	NOUN
cblr-12481	145	26	of	of	ADP
cblr-12481	145	27	the	the	DET
cblr-12481	145	28	power	power	NOUN
cblr-12481	145	29	and	and	CCONJ
cblr-12481	145	30	accountability	accountability	NOUN
cblr-12481	145	31	structure	structure	NOUN
cblr-12481	145	32	established	establish	VERB
cblr-12481	145	33	by	by	ADP
cblr-12481	145	34	the	the	DET
cblr-12481	145	35	delaware	delaware	PROPN
cblr-12481	145	36	general	general	PROPN
cblr-12481	145	37	corporation	corporation	PROPN
cblr-12481	145	38	law	law	PROPN
cblr-12481	145	39	10	10	NUM
cblr-12481	145	40	(	(	PUNCT
cblr-12481	145	41	u.	u.	PROPN
cblr-12481	145	42	pa	pa	PROPN
cblr-12481	145	43	.	.	PROPN
cblr-12481	145	44	inst	inst	PROPN
cblr-12481	145	45	.	.	PROPN
cblr-12481	145	46	for	for	ADP
cblr-12481	145	47	l.	l.	PROPN
cblr-12481	145	48	&	&	CCONJ
cblr-12481	145	49	econ	econ	PROPN
cblr-12481	145	50	.	.	PROPN
cblr-12481	145	51	,	,	PUNCT
cblr-12481	145	52	research	research	NOUN
cblr-12481	145	53	paper	paper	NOUN
cblr-12481	145	54	no	no	INTJ
cblr-12481	145	55	.	.	NOUN
cblr-12481	145	56	15	15	NUM
cblr-12481	145	57	-	-	SYM
cblr-12481	145	58	08	08	NUM
cblr-12481	145	59	,	,	PUNCT
cblr-12481	145	60	2015	2015	NUM
cblr-12481	145	61	)	)	PUNCT
cblr-12481	145	62	;	;	PUNCT
cblr-12481	145	63	henry	henry	PROPN
cblr-12481	145	64	hansmann	hansmann	PROPN
cblr-12481	145	65	&	&	CCONJ
cblr-12481	145	66	reinier	reinier	PROPN
cblr-12481	145	67	kraakman	kraakman	PROPN
cblr-12481	145	68	,	,	PUNCT
cblr-12481	145	69	the	the	DET
cblr-12481	145	70	end	end	NOUN
cblr-12481	145	71	of	of	ADP
cblr-12481	145	72	history	history	NOUN
cblr-12481	145	73	for	for	ADP
cblr-12481	145	74	corporate	corporate	ADJ
cblr-12481	145	75	law	law	NOUN
cblr-12481	145	76	,	,	PUNCT
cblr-12481	145	77	89	89	NUM
cblr-12481	145	78	geo	geo	PROPN
cblr-12481	145	79	.	.	PUNCT
cblr-12481	145	80	l.j	l.j	PROPN
cblr-12481	145	81	.	.	PROPN
cblr-12481	145	82	439	439	NUM
cblr-12481	145	83	,	,	PUNCT
cblr-12481	145	84	439	439	NUM
cblr-12481	145	85	(	(	PUNCT
cblr-12481	145	86	2001	2001	NUM
cblr-12481	145	87	)	)	PUNCT
cblr-12481	145	88	.	.	PUNCT
cblr-12481	146	1	8	8	NUM
cblr-12481	146	2	170	170	NUM
cblr-12481	146	3	n.w	n.w	PROPN
cblr-12481	146	4	.	.	PROPN
cblr-12481	146	5	668	668	NUM
cblr-12481	146	6	,	,	PUNCT
cblr-12481	146	7	684	684	NUM
cblr-12481	146	8	(	(	PUNCT
cblr-12481	146	9	mich	mich	PROPN
cblr-12481	146	10	.	.	PROPN
cblr-12481	146	11	1919	1919	NUM
cblr-12481	146	12	)	)	PUNCT
cblr-12481	146	13	(	(	PUNCT
cblr-12481	146	14	“	"	PUNCT
cblr-12481	146	15	a	a	DET
cblr-12481	146	16	business	business	NOUN
cblr-12481	146	17	corporation	corporation	NOUN
cblr-12481	146	18	is	be	AUX
cblr-12481	146	19	organized	organize	VERB
cblr-12481	146	20	and	and	CCONJ
cblr-12481	146	21	carried	carry	VERB
cblr-12481	146	22	on	on	ADP
cblr-12481	146	23	primarily	primarily	ADV
cblr-12481	146	24	for	for	ADP
cblr-12481	146	25	the	the	DET
cblr-12481	146	26	profit	profit	NOUN
cblr-12481	146	27	of	of	ADP
cblr-12481	146	28	the	the	DET
cblr-12481	146	29	stockholders	stockholder	NOUN
cblr-12481	146	30	.	.	PUNCT
cblr-12481	147	1	the	the	DET
cblr-12481	147	2	powers	power	NOUN
cblr-12481	147	3	of	of	ADP
cblr-12481	147	4	the	the	DET
cblr-12481	147	5	directors	director	NOUN
cblr-12481	147	6	are	be	AUX
cblr-12481	147	7	to	to	PART
cblr-12481	147	8	be	be	AUX
cblr-12481	147	9	employed	employ	VERB
cblr-12481	147	10	for	for	ADP
cblr-12481	147	11	that	that	DET
cblr-12481	147	12	end	end	NOUN
cblr-12481	147	13	.	.	PUNCT
cblr-12481	148	1	the	the	DET
cblr-12481	148	2	discretion	discretion	NOUN
cblr-12481	148	3	of	of	ADP
cblr-12481	148	4	directors	director	NOUN
cblr-12481	148	5	is	be	AUX
cblr-12481	148	6	to	to	PART
cblr-12481	148	7	be	be	AUX
cblr-12481	148	8	exercised	exercise	VERB
cblr-12481	148	9	in	in	ADP
cblr-12481	148	10	the	the	DET
cblr-12481	148	11	choice	choice	NOUN
cblr-12481	148	12	of	of	ADP
cblr-12481	148	13	means	mean	NOUN
cblr-12481	148	14	to	to	PART
cblr-12481	148	15	attain	attain	VERB
cblr-12481	148	16	that	that	DET
cblr-12481	148	17	end	end	NOUN
cblr-12481	148	18	,	,	PUNCT
cblr-12481	148	19	and	and	CCONJ
cblr-12481	148	20	does	do	AUX
cblr-12481	148	21	not	not	PART
cblr-12481	148	22	extend	extend	VERB
cblr-12481	148	23	to	to	ADP
cblr-12481	148	24	a	a	DET
cblr-12481	148	25	change	change	NOUN
cblr-12481	148	26	in	in	ADP
cblr-12481	148	27	the	the	DET
cblr-12481	148	28	end	end	NOUN
cblr-12481	148	29	itself	itself	PRON
cblr-12481	148	30	,	,	PUNCT
cblr-12481	148	31	to	to	ADP
cblr-12481	148	32	the	the	DET
cblr-12481	148	33	reduction	reduction	NOUN
cblr-12481	148	34	of	of	ADP
cblr-12481	148	35	profits	profit	NOUN
cblr-12481	148	36	,	,	PUNCT
cblr-12481	148	37	or	or	CCONJ
cblr-12481	148	38	to	to	ADP
cblr-12481	148	39	the	the	DET
cblr-12481	148	40	nondistribution	nondistribution	NOUN
cblr-12481	148	41	of	of	ADP
cblr-12481	148	42	profits	profit	NOUN
cblr-12481	148	43	among	among	ADP
cblr-12481	148	44	stockholders	stockholder	NOUN
cblr-12481	148	45	in	in	ADP
cblr-12481	148	46	order	order	NOUN
cblr-12481	148	47	to	to	PART
cblr-12481	148	48	devote	devote	VERB
cblr-12481	148	49	them	they	PRON
cblr-12481	148	50	to	to	ADP
cblr-12481	148	51	other	other	ADJ
cblr-12481	148	52	purposes	purpose	NOUN
cblr-12481	148	53	.	.	PUNCT
cblr-12481	148	54	”	"	PUNCT
cblr-12481	148	55	)	)	PUNCT
cblr-12481	148	56	.	.	PUNCT
cblr-12481	149	1	9	9	NUM
cblr-12481	149	2	see	see	VERB
cblr-12481	149	3	,	,	PUNCT
cblr-12481	149	4	e.g.	e.g.	ADV
cblr-12481	149	5	,	,	PUNCT
cblr-12481	149	6	lynn	lynn	PROPN
cblr-12481	149	7	a.	a.	PROPN
cblr-12481	149	8	stout	stout	PROPN
cblr-12481	149	9	,	,	PUNCT
cblr-12481	149	10	why	why	SCONJ
cblr-12481	149	11	we	we	PRON
cblr-12481	149	12	should	should	AUX
cblr-12481	149	13	stop	stop	VERB
cblr-12481	149	14	teaching	teach	VERB
cblr-12481	149	15	dodge	dodge	NOUN
cblr-12481	149	16	v.	v.	ADP
cblr-12481	149	17	ford	ford	PROPN
cblr-12481	149	18	,	,	PUNCT
cblr-12481	149	19	3	3	NUM
cblr-12481	149	20	va	va	NOUN
cblr-12481	149	21	.	.	PUNCT
cblr-12481	149	22	l.	l.	PROPN
cblr-12481	149	23	&	&	CCONJ
cblr-12481	149	24	bus	bus	PROPN
cblr-12481	149	25	.	.	PUNCT
cblr-12481	150	1	rev	rev	PROPN
cblr-12481	150	2	.	.	PROPN
cblr-12481	150	3	163	163	NUM
cblr-12481	150	4	,	,	PUNCT
cblr-12481	150	5	168	168	NUM
cblr-12481	150	6	(	(	PUNCT
cblr-12481	150	7	2008	2008	NUM
cblr-12481	150	8	)	)	PUNCT
cblr-12481	150	9	;	;	PUNCT
cblr-12481	150	10	einer	einer	NOUN
cblr-12481	150	11	elhauge	elhauge	NOUN
cblr-12481	150	12	,	,	PUNCT
cblr-12481	150	13	sacrificing	sacrifice	VERB
cblr-12481	150	14	corporate	corporate	ADJ
cblr-12481	150	15	profits	profit	NOUN
cblr-12481	150	16	in	in	ADP
cblr-12481	150	17	the	the	DET
cblr-12481	150	18	public	public	ADJ
cblr-12481	150	19	interest	interest	NOUN
cblr-12481	150	20	,	,	PUNCT
cblr-12481	150	21	80	80	NUM
cblr-12481	150	22	n.y.u	n.y.u	NOUN
cblr-12481	150	23	.	.	PUNCT
cblr-12481	151	1	l.	l.	PROPN
cblr-12481	151	2	rev	rev	PROPN
cblr-12481	151	3	.	.	PROPN
cblr-12481	151	4	733	733	NUM
cblr-12481	151	5	,	,	PUNCT
cblr-12481	151	6	772–76	772–76	NOUN
cblr-12481	151	7	(	(	PUNCT
cblr-12481	151	8	2005	2005	NUM
cblr-12481	151	9	)	)	PUNCT
cblr-12481	151	10	.	.	PUNCT
cblr-12481	152	1	10	10	NUM
cblr-12481	152	2	16	16	NUM
cblr-12481	152	3	a.3d	a.3d	ADP
cblr-12481	152	4	1	1	NUM
cblr-12481	152	5	,	,	PUNCT
cblr-12481	152	6	34	34	NUM
cblr-12481	152	7	(	(	PUNCT
cblr-12481	152	8	del	del	PROPN
cblr-12481	152	9	.	.	PROPN
cblr-12481	152	10	ch	ch	PROPN
cblr-12481	152	11	.	.	PROPN
cblr-12481	152	12	2010	2010	NUM
cblr-12481	152	13	)	)	PUNCT
cblr-12481	152	14	(	(	PUNCT
cblr-12481	152	15	“	"	PUNCT
cblr-12481	152	16	having	having	AUX
cblr-12481	152	17	chosen	choose	VERB
cblr-12481	152	18	a	a	DET
cblr-12481	152	19	for	for	ADP
cblr-12481	152	20	-	-	PUNCT
cblr-12481	152	21	profit	profit	NOUN
cblr-12481	152	22	corporate	corporate	ADJ
cblr-12481	152	23	form	form	NOUN
cblr-12481	152	24	,	,	PUNCT
cblr-12481	152	25	the	the	DET
cblr-12481	152	26	craigslist	craigslist	NOUN
cblr-12481	152	27	directors	director	NOUN
cblr-12481	152	28	are	be	AUX
cblr-12481	152	29	bound	bind	VERB
cblr-12481	152	30	by	by	ADP
cblr-12481	152	31	the	the	DET
cblr-12481	152	32	fiduciary	fiduciary	ADJ
cblr-12481	152	33	duties	duty	NOUN
cblr-12481	152	34	and	and	CCONJ
cblr-12481	152	35	standards	standard	NOUN
cblr-12481	152	36	that	that	PRON
cblr-12481	152	37	accompany	accompany	VERB
cblr-12481	152	38	that	that	DET
cblr-12481	152	39	form	form	NOUN
cblr-12481	152	40	.	.	PUNCT
cblr-12481	153	1	those	those	DET
cblr-12481	153	2	standards	standard	NOUN
cblr-12481	153	3	include	include	VERB
cblr-12481	153	4	acting	act	VERB
cblr-12481	153	5	to	to	PART
cblr-12481	153	6	promote	promote	VERB
cblr-12481	153	7	the	the	DET
cblr-12481	153	8	value	value	NOUN
cblr-12481	153	9	of	of	ADP
cblr-12481	153	10	the	the	DET
cblr-12481	153	11	corporation	corporation	NOUN
cblr-12481	153	12	for	for	ADP
cblr-12481	153	13	the	the	DET
cblr-12481	153	14	benefit	benefit	NOUN
cblr-12481	153	15	of	of	ADP
cblr-12481	153	16	its	its	PRON
cblr-12481	153	17	stockholders	stockholder	NOUN
cblr-12481	153	18	.	.	PUNCT
cblr-12481	153	19	”	"	PUNCT
cblr-12481	153	20	)	)	PUNCT
cblr-12481	153	21	.	.	PUNCT
cblr-12481	154	1	ebay	ebay	PROPN
cblr-12481	154	2	is	be	AUX
cblr-12481	154	3	often	often	ADV
cblr-12481	154	4	read	read	VERB
cblr-12481	154	5	as	as	ADP
cblr-12481	154	6	a	a	DET
cblr-12481	154	7	modern	modern	ADJ
cblr-12481	154	8	dodge	dodge	NOUN
cblr-12481	154	9	v.	v.	ADP
cblr-12481	154	10	ford	ford	PROPN
cblr-12481	154	11	with	with	ADP
cblr-12481	154	12	a	a	DET
cblr-12481	154	13	more	more	ADV
cblr-12481	154	14	explicit	explicit	ADJ
cblr-12481	154	15	affirmation	affirmation	NOUN
cblr-12481	154	16	of	of	ADP
cblr-12481	154	17	the	the	DET
cblr-12481	154	18	corporation	corporation	NOUN
cblr-12481	154	19	’s	’s	PART
cblr-12481	154	20	shareholder	shareholder	NOUN
cblr-12481	154	21	wealth	wealth	PROPN
cblr-12481	154	22	maximization	maximization	NOUN
cblr-12481	154	23	mandate	mandate	NOUN
cblr-12481	154	24	.	.	PUNCT
cblr-12481	155	1	its	its	PRON
cblr-12481	155	2	significance	significance	NOUN
cblr-12481	155	3	is	be	AUX
cblr-12481	155	4	further	far	ADV
cblr-12481	155	5	enhanced	enhance	VERB
cblr-12481	155	6	as	as	SCONJ
cblr-12481	155	7	it	it	PRON
cblr-12481	155	8	comes	come	VERB
cblr-12481	155	9	in	in	ADP
cblr-12481	155	10	the	the	DET
cblr-12481	155	11	form	form	NOUN
cblr-12481	155	12	of	of	ADP
cblr-12481	155	13	a	a	DET
cblr-12481	155	14	clear	clear	ADJ
cblr-12481	155	15	holding	holding	NOUN
cblr-12481	155	16	out	out	ADP
cblr-12481	155	17	of	of	ADP
cblr-12481	155	18	the	the	DET
cblr-12481	155	19	delaware	delaware	PROPN
cblr-12481	155	20	supreme	supreme	PROPN
cblr-12481	155	21	court	court	PROPN
cblr-12481	155	22	.	.	PUNCT
cblr-12481	156	1	no	no	INTJ
cblr-12481	156	2	.	.	NOUN
cblr-12481	157	1	2	2	NUM
cblr-12481	157	2	]	]	X
cblr-12481	157	3	corporate	corporate	ADJ
cblr-12481	157	4	technocracy	technocracy	NOUN
cblr-12481	157	5	835	835	NUM
cblr-12481	157	6	in	in	ADP
cblr-12481	157	7	recent	recent	ADJ
cblr-12481	157	8	years	year	NOUN
cblr-12481	157	9	,	,	PUNCT
cblr-12481	157	10	however	however	ADV
cblr-12481	157	11	,	,	PUNCT
cblr-12481	157	12	corporate	corporate	ADJ
cblr-12481	157	13	purpose	purpose	NOUN
cblr-12481	157	14	has	have	AUX
cblr-12481	157	15	become	become	VERB
cblr-12481	157	16	unsettled11	unsettled11	NOUN
cblr-12481	157	17	by	by	ADP
cblr-12481	157	18	demands	demand	NOUN
cblr-12481	157	19	from	from	ADP
cblr-12481	157	20	millennial	millennial	ADJ
cblr-12481	157	21	investors,12	investors,12	NOUN
cblr-12481	157	22	progressive	progressive	ADJ
cblr-12481	157	23	political	political	ADJ
cblr-12481	157	24	narratives,13	narratives,13	NOUN
cblr-12481	157	25	and	and	CCONJ
cblr-12481	157	26	populist	populist	ADJ
cblr-12481	157	27	disenchantment	disenchantment	NOUN
cblr-12481	157	28	with	with	ADP
cblr-12481	157	29	the	the	DET
cblr-12481	157	30	social	social	ADJ
cblr-12481	157	31	and	and	CCONJ
cblr-12481	157	32	economic	economic	ADJ
cblr-12481	157	33	consequences	consequence	NOUN
cblr-12481	157	34	of	of	ADP
cblr-12481	157	35	corporate	corporate	ADJ
cblr-12481	157	36	11	11	NUM
cblr-12481	157	37	tom	tom	PROPN
cblr-12481	157	38	lin	lin	PROPN
cblr-12481	157	39	attributes	attribute	VERB
cblr-12481	157	40	the	the	DET
cblr-12481	157	41	renewed	renew	VERB
cblr-12481	157	42	interest	interest	NOUN
cblr-12481	157	43	in	in	ADP
cblr-12481	157	44	corporate	corporate	ADJ
cblr-12481	157	45	purpose	purpose	NOUN
cblr-12481	157	46	to	to	ADP
cblr-12481	157	47	three	three	NUM
cblr-12481	157	48	background	background	NOUN
cblr-12481	157	49	phenomena	phenomenon	NOUN
cblr-12481	157	50	:	:	PUNCT
cblr-12481	157	51	the	the	DET
cblr-12481	157	52	convergence	convergence	NOUN
cblr-12481	157	53	of	of	ADP
cblr-12481	157	54	government	government	NOUN
cblr-12481	157	55	and	and	CCONJ
cblr-12481	157	56	private	private	ADJ
cblr-12481	157	57	enterprise	enterprise	NOUN
cblr-12481	157	58	,	,	PUNCT
cblr-12481	157	59	maturation	maturation	NOUN
cblr-12481	157	60	of	of	ADP
cblr-12481	157	61	corporate	corporate	ADJ
cblr-12481	157	62	social	social	ADJ
cblr-12481	157	63	responsibility	responsibility	NOUN
cblr-12481	157	64	movements	movement	NOUN
cblr-12481	157	65	,	,	PUNCT
cblr-12481	157	66	and	and	CCONJ
cblr-12481	157	67	expansion	expansion	NOUN
cblr-12481	157	68	of	of	ADP
cblr-12481	157	69	corporate	corporate	ADJ
cblr-12481	157	70	political	political	ADJ
cblr-12481	157	71	rights	right	NOUN
cblr-12481	157	72	by	by	ADP
cblr-12481	157	73	legal	legal	ADJ
cblr-12481	157	74	doctrine	doctrine	NOUN
cblr-12481	157	75	.	.	PUNCT
cblr-12481	158	1	tom	tom	PROPN
cblr-12481	158	2	c.	c.	PROPN
cblr-12481	158	3	w.	w.	PROPN
cblr-12481	158	4	lin	lin	PROPN
cblr-12481	158	5	,	,	PUNCT
cblr-12481	158	6	incorporating	incorporate	VERB
cblr-12481	158	7	social	social	ADJ
cblr-12481	158	8	activism	activism	NOUN
cblr-12481	158	9	,	,	PUNCT
cblr-12481	158	10	98	98	NUM
cblr-12481	158	11	b.u	b.u	PROPN
cblr-12481	158	12	.	.	PROPN
cblr-12481	158	13	l.	l.	PROPN
cblr-12481	158	14	rev	rev	PROPN
cblr-12481	158	15	1535	1535	NUM
cblr-12481	158	16	,	,	PUNCT
cblr-12481	158	17	1558	1558	NUM
cblr-12481	158	18	(	(	PUNCT
cblr-12481	158	19	2018	2018	NUM
cblr-12481	158	20	)	)	PUNCT
cblr-12481	158	21	.	.	PUNCT
cblr-12481	159	1	jonathan	jonathan	PROPN
cblr-12481	159	2	macey	macey	PROPN
cblr-12481	159	3	argues	argue	VERB
cblr-12481	159	4	that	that	SCONJ
cblr-12481	159	5	the	the	DET
cblr-12481	159	6	rise	rise	NOUN
cblr-12481	159	7	of	of	ADP
cblr-12481	159	8	stakeholderism	stakeholderism	NOUN
cblr-12481	159	9	in	in	ADP
cblr-12481	159	10	the	the	DET
cblr-12481	159	11	form	form	NOUN
cblr-12481	159	12	of	of	ADP
cblr-12481	159	13	esg	esg	PROPN
cblr-12481	159	14	may	may	AUX
cblr-12481	159	15	be	be	AUX
cblr-12481	159	16	attributed	attribute	VERB
cblr-12481	159	17	to	to	ADP
cblr-12481	159	18	the	the	DET
cblr-12481	159	19	failure	failure	NOUN
cblr-12481	159	20	of	of	ADP
cblr-12481	159	21	government	government	NOUN
cblr-12481	159	22	and	and	CCONJ
cblr-12481	159	23	the	the	DET
cblr-12481	159	24	public	public	NOUN
cblr-12481	159	25	’s	’s	PART
cblr-12481	159	26	increasing	increase	VERB
cblr-12481	159	27	turn	turn	NOUN
cblr-12481	159	28	to	to	ADP
cblr-12481	159	29	the	the	DET
cblr-12481	159	30	private	private	ADJ
cblr-12481	159	31	sector	sector	NOUN
cblr-12481	159	32	to	to	PART
cblr-12481	159	33	address	address	VERB
cblr-12481	159	34	societal	societal	ADJ
cblr-12481	159	35	problems	problem	NOUN
cblr-12481	159	36	.	.	PUNCT
cblr-12481	160	1	jonathan	jonathan	PROPN
cblr-12481	160	2	macey	macey	PROPN
cblr-12481	160	3	,	,	PUNCT
cblr-12481	160	4	why	why	SCONJ
cblr-12481	160	5	is	be	AUX
cblr-12481	160	6	the	the	DET
cblr-12481	160	7	esg	esg	NOUN
cblr-12481	160	8	focus	focus	NOUN
cblr-12481	160	9	on	on	ADP
cblr-12481	160	10	private	private	ADJ
cblr-12481	160	11	companies	company	NOUN
cblr-12481	160	12	,	,	PUNCT
cblr-12481	160	13	not	not	PART
cblr-12481	160	14	the	the	DET
cblr-12481	160	15	government	government	NOUN
cblr-12481	160	16	?	?	PUNCT
cblr-12481	160	17	,	,	PUNCT
cblr-12481	160	18	bloomberg	bloomberg	PROPN
cblr-12481	160	19	law	law	NOUN
cblr-12481	160	20	(	(	PUNCT
cblr-12481	160	21	aug	aug	PROPN
cblr-12481	160	22	.	.	PROPN
cblr-12481	160	23	19	19	NUM
cblr-12481	160	24	,	,	PUNCT
cblr-12481	160	25	2021	2021	NUM
cblr-12481	160	26	)	)	PUNCT
cblr-12481	160	27	,	,	PUNCT
cblr-12481	160	28	https://news.bloomberglaw.com/us-law-week/why-is-theesg-focus-on-private-companies-not-the-government	https://news.bloomberglaw.com/us-law-week/why-is-theesg-focus-on-private-companies-not-the-government	X
cblr-12481	161	1	[	[	X
cblr-12481	161	2	on	on	ADP
cblr-12481	161	3	file	file	NOUN
cblr-12481	161	4	with	with	ADP
cblr-12481	161	5	the	the	DET
cblr-12481	161	6	columbia	columbia	PROPN
cblr-12481	161	7	business	business	PROPN
cblr-12481	161	8	law	law	PROPN
cblr-12481	161	9	review	review	NOUN
cblr-12481	161	10	]	]	PUNCT
cblr-12481	161	11	.	.	PUNCT
cblr-12481	162	1	stephen	stephen	PROPN
cblr-12481	162	2	bainbridge	bainbridge	PROPN
cblr-12481	162	3	observes	observe	VERB
cblr-12481	162	4	a	a	DET
cblr-12481	162	5	leftward	leftward	NOUN
cblr-12481	162	6	shift	shift	NOUN
cblr-12481	162	7	among	among	ADP
cblr-12481	162	8	corporate	corporate	ADJ
cblr-12481	162	9	elites	elite	NOUN
cblr-12481	162	10	and	and	CCONJ
cblr-12481	162	11	notes	note	VERB
cblr-12481	162	12	a	a	DET
cblr-12481	162	13	corresponding	corresponding	ADJ
cblr-12481	162	14	embrace	embrace	NOUN
cblr-12481	162	15	of	of	ADP
cblr-12481	162	16	a	a	DET
cblr-12481	162	17	leftleaning	leftleane	VERB
cblr-12481	162	18	advocacy	advocacy	NOUN
cblr-12481	162	19	agenda	agenda	NOUN
cblr-12481	162	20	.	.	PUNCT
cblr-12481	163	1	see	see	VERB
cblr-12481	163	2	stephen	stephen	PROPN
cblr-12481	163	3	m.	m.	PROPN
cblr-12481	163	4	bainbridge	bainbridge	PROPN
cblr-12481	163	5	,	,	PUNCT
cblr-12481	163	6	corporate	corporate	ADJ
cblr-12481	163	7	purpose	purpose	NOUN
cblr-12481	163	8	in	in	ADP
cblr-12481	163	9	a	a	DET
cblr-12481	163	10	populist	populist	ADJ
cblr-12481	163	11	era	era	NOUN
cblr-12481	163	12	,	,	PUNCT
cblr-12481	163	13	98	98	NUM
cblr-12481	163	14	neb	neb	PROPN
cblr-12481	163	15	.	.	PUNCT
cblr-12481	163	16	l.	l.	PROPN
cblr-12481	163	17	rev	rev	PROPN
cblr-12481	163	18	.	.	PROPN
cblr-12481	163	19	543	543	NUM
cblr-12481	163	20	,	,	PUNCT
cblr-12481	163	21	551	551	NUM
cblr-12481	163	22	(	(	PUNCT
cblr-12481	163	23	2020	2020	NUM
cblr-12481	163	24	)	)	PUNCT
cblr-12481	163	25	(	(	PUNCT
cblr-12481	163	26	“	"	PUNCT
cblr-12481	163	27	today	today	NOUN
cblr-12481	163	28	,	,	PUNCT
cblr-12481	163	29	populists	populist	NOUN
cblr-12481	163	30	find	find	VERB
cblr-12481	163	31	themselves	themselves	PRON
cblr-12481	163	32	increasingly	increasingly	ADV
cblr-12481	163	33	at	at	ADP
cblr-12481	163	34	odds	odd	NOUN
cblr-12481	163	35	with	with	ADP
cblr-12481	163	36	an	an	DET
cblr-12481	163	37	emergent	emergent	ADJ
cblr-12481	163	38	class	class	NOUN
cblr-12481	163	39	of	of	ADP
cblr-12481	163	40	social	social	ADJ
cblr-12481	163	41	justice	justice	NOUN
cblr-12481	163	42	warrior	warrior	NOUN
cblr-12481	163	43	ceos	ceos	NOUN
cblr-12481	163	44	,	,	PUNCT
cblr-12481	163	45	whose	whose	DET
cblr-12481	163	46	views	view	NOUN
cblr-12481	163	47	on	on	ADP
cblr-12481	163	48	a	a	DET
cblr-12481	163	49	variety	variety	NOUN
cblr-12481	163	50	of	of	ADP
cblr-12481	163	51	critical	critical	ADJ
cblr-12481	163	52	issues	issue	NOUN
cblr-12481	163	53	are	be	AUX
cblr-12481	163	54	increasingly	increasingly	ADV
cblr-12481	163	55	closer	close	ADJ
cblr-12481	163	56	to	to	ADP
cblr-12481	163	57	those	those	PRON
cblr-12481	163	58	of	of	ADP
cblr-12481	163	59	blue	blue	ADJ
cblr-12481	163	60	-	-	PUNCT
cblr-12481	163	61	state	state	NOUN
cblr-12481	163	62	elites	elite	NOUN
cblr-12481	163	63	than	than	ADP
cblr-12481	163	64	those	those	PRON
cblr-12481	163	65	of	of	ADP
cblr-12481	163	66	red	red	ADJ
cblr-12481	163	67	-	-	PUNCT
cblr-12481	163	68	state	state	NOUN
cblr-12481	163	69	populists	populist	NOUN
cblr-12481	163	70	.	.	PUNCT
cblr-12481	163	71	”	"	PUNCT
cblr-12481	163	72	)	)	PUNCT
cblr-12481	163	73	.	.	PUNCT
cblr-12481	164	1	12	12	NUM
cblr-12481	164	2	ernst	ernst	PROPN
cblr-12481	164	3	&	&	CCONJ
cblr-12481	164	4	young	young	ADJ
cblr-12481	164	5	,	,	PUNCT
cblr-12481	164	6	sustainable	sustainable	ADJ
cblr-12481	164	7	investing	investing	NOUN
cblr-12481	164	8	:	:	PUNCT
cblr-12481	164	9	the	the	DET
cblr-12481	164	10	millennial	millennial	ADJ
cblr-12481	164	11	investor	investor	NOUN
cblr-12481	164	12	(	(	PUNCT
cblr-12481	164	13	2017	2017	NUM
cblr-12481	164	14	)	)	PUNCT
cblr-12481	164	15	https://assets.ey.com/content/dam/ey-sites/ey-com/en_gl/topics/financial-services/ey-sustainable-investing-the-millennial-investor.pdf	https://assets.ey.com/content/dam/ey-sites/ey-com/en_gl/topics/financial-services/ey-sustainable-investing-the-millennial-investor.pdf	NOUN
cblr-12481	165	1	[	[	X
cblr-12481	165	2	https://perma.cc/ac7t-aszm	https://perma.cc/ac7t-aszm	X
cblr-12481	165	3	]	]	X
cblr-12481	165	4	(	(	PUNCT
cblr-12481	165	5	“	"	PUNCT
cblr-12481	165	6	demand	demand	NOUN
cblr-12481	165	7	for	for	ADP
cblr-12481	165	8	sustainable	sustainable	ADJ
cblr-12481	165	9	investments	investment	NOUN
cblr-12481	165	10	is	be	AUX
cblr-12481	165	11	being	be	AUX
cblr-12481	165	12	driven	drive	VERB
cblr-12481	165	13	,	,	PUNCT
cblr-12481	165	14	in	in	ADP
cblr-12481	165	15	part	part	NOUN
cblr-12481	165	16	,	,	PUNCT
cblr-12481	165	17	by	by	ADP
cblr-12481	165	18	millennials	millennial	NOUN
cblr-12481	165	19	who	who	PRON
cblr-12481	165	20	prefer	prefer	VERB
cblr-12481	165	21	to	to	PART
cblr-12481	165	22	invest	invest	VERB
cblr-12481	165	23	in	in	ADP
cblr-12481	165	24	alignment	alignment	NOUN
cblr-12481	165	25	with	with	ADP
cblr-12481	165	26	personal	personal	ADJ
cblr-12481	165	27	values	value	NOUN
cblr-12481	165	28	.	.	PUNCT
cblr-12481	165	29	”	"	PUNCT
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cblr-12481	165	31	.	.	PUNCT
cblr-12481	166	1	assets	asset	NOUN
cblr-12481	166	2	under	under	ADP
cblr-12481	166	3	management	management	NOUN
cblr-12481	166	4	that	that	PRON
cblr-12481	166	5	use	use	VERB
cblr-12481	166	6	some	some	DET
cblr-12481	166	7	form	form	NOUN
cblr-12481	166	8	of	of	ADP
cblr-12481	166	9	esg	esg	PROPN
cblr-12481	166	10	criteria	criterion	NOUN
cblr-12481	166	11	have	have	AUX
cblr-12481	166	12	topped	top	VERB
cblr-12481	166	13	$	$	SYM
cblr-12481	166	14	35	35	NUM
cblr-12481	166	15	trillion	trillion	NUM
cblr-12481	166	16	globally	globally	ADV
cblr-12481	166	17	,	,	PUNCT
cblr-12481	166	18	while	while	SCONJ
cblr-12481	166	19	u.s	u.s	PROPN
cblr-12481	166	20	.	.	PROPN
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cblr-12481	166	23	up	up	ADP
cblr-12481	166	24	more	more	ADJ
cblr-12481	166	25	than	than	ADP
cblr-12481	166	26	half	half	NOUN
cblr-12481	166	27	of	of	ADP
cblr-12481	166	28	that	that	DET
cblr-12481	166	29	market	market	NOUN
cblr-12481	166	30	.	.	PUNCT
cblr-12481	167	1	see	see	VERB
cblr-12481	167	2	,	,	PUNCT
cblr-12481	167	3	e.g.	e.g.	ADV
cblr-12481	167	4	,	,	PUNCT
cblr-12481	167	5	esg	esg	PROPN
cblr-12481	167	6	may	may	AUX
cblr-12481	167	7	surpass	surpass	VERB
cblr-12481	167	8	$	$	SYM
cblr-12481	167	9	41	41	NUM
cblr-12481	167	10	trillion	trillion	NUM
cblr-12481	167	11	assets	asset	NOUN
cblr-12481	167	12	in	in	ADP
cblr-12481	167	13	2022	2022	NUM
cblr-12481	167	14	,	,	PUNCT
cblr-12481	167	15	but	but	CCONJ
cblr-12481	167	16	not	not	PART
cblr-12481	167	17	without	without	ADP
cblr-12481	167	18	challenges	challenge	NOUN
cblr-12481	167	19	,	,	PUNCT
cblr-12481	167	20	finds	find	VERB
cblr-12481	167	21	bloomberg	bloomberg	PROPN
cblr-12481	167	22	intelligence	intelligence	PROPN
cblr-12481	167	23	,	,	PUNCT
cblr-12481	167	24	bloomberg	bloomberg	PROPN
cblr-12481	167	25	(	(	PUNCT
cblr-12481	167	26	jan	jan	PROPN
cblr-12481	167	27	.	.	PROPN
cblr-12481	167	28	24	24	NUM
cblr-12481	167	29	,	,	PUNCT
cblr-12481	167	30	2022	2022	NUM
cblr-12481	167	31	)	)	PUNCT
cblr-12481	167	32	,	,	PUNCT
cblr-12481	168	1	https://www.bloomberg.com/company/press/esg-may-surpass-41-trillion-assets-in-2022-but-not-withoutchallenges-finds-bloomberg-intelligence	https://www.bloomberg.com/company/press/esg-may-surpass-41-trillion-assets-in-2022-but-not-withoutchallenges-finds-bloomberg-intelligence	NOUN
cblr-12481	169	1	[	[	X
cblr-12481	169	2	https://perma.cc/hrt8-ecz4	https://perma.cc/hrt8-ecz4	X
cblr-12481	169	3	]	]	X
cblr-12481	169	4	;	;	PUNCT
cblr-12481	169	5	u.s	u.s	PROPN
cblr-12481	169	6	.	.	PROPN
cblr-12481	169	7	sustainable	sustainable	ADJ
cblr-12481	169	8	inv	inv	NOUN
cblr-12481	169	9	.	.	PUNCT
cblr-12481	170	1	f.	f.	PROPN
cblr-12481	170	2	,	,	PUNCT
cblr-12481	170	3	sustainable	sustainable	ADJ
cblr-12481	170	4	and	and	CCONJ
cblr-12481	170	5	impact	impact	NOUN
cblr-12481	170	6	investing	investing	NOUN
cblr-12481	170	7	—	—	PUNCT
cblr-12481	170	8	overview	overview	NOUN
cblr-12481	170	9	(	(	PUNCT
cblr-12481	170	10	2020	2020	NUM
cblr-12481	170	11	)	)	PUNCT
cblr-12481	170	12	,	,	PUNCT
cblr-12481	170	13	https://www.ussif.org//files/trends/2020%20trends%20report%20info%20graphic%20-%20overview.pdf	https://www.ussif.org//files/trends/2020%20trends%20report%20info%20graphic%20-%20overview.pdf	PROPN
cblr-12481	171	1	[	[	X
cblr-12481	171	2	https://perma.cc/7v5swu8v	https://perma.cc/7v5swu8v	PROPN
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cblr-12481	171	4	;	;	PUNCT
cblr-12481	171	5	u.s	u.s	PROPN
cblr-12481	171	6	.	.	PROPN
cblr-12481	171	7	sustainable	sustainable	ADJ
cblr-12481	171	8	inv	inv	NOUN
cblr-12481	171	9	.	.	PUNCT
cblr-12481	172	1	f.	f.	PROPN
cblr-12481	172	2	,	,	PUNCT
cblr-12481	172	3	report	report	VERB
cblr-12481	172	4	on	on	ADP
cblr-12481	172	5	us	we	PRON
cblr-12481	172	6	sustainable	sustainable	ADJ
cblr-12481	172	7	and	and	CCONJ
cblr-12481	172	8	impact	impact	VERB
cblr-12481	172	9	investing	investing	NOUN
cblr-12481	172	10	trends	trend	NOUN
cblr-12481	172	11	1	1	NUM
cblr-12481	172	12	fig	fig	NOUN
cblr-12481	172	13	.	.	PUNCT
cblr-12481	173	1	a	a	DET
cblr-12481	173	2	,	,	PUNCT
cblr-12481	173	3	2	2	NUM
cblr-12481	173	4	fig	fig	NOUN
cblr-12481	173	5	.	.	PUNCT
cblr-12481	174	1	b	b	X
cblr-12481	174	2	(	(	PUNCT
cblr-12481	174	3	2020	2020	NUM
cblr-12481	174	4	)	)	PUNCT
cblr-12481	175	1	https://www.ussif.org/files/us%20sif%20trends%20report%202020%20executive%20summary.pdf	https://www.ussif.org/files/us%20sif%20trends%20report%202020%20executive%20summary.pdf	NOUN
cblr-12481	175	2	[	[	X
cblr-12481	175	3	https://perma.cc/77we-6nru	https://perma.cc/77we-6nru	X
cblr-12481	175	4	]	]	X
cblr-12481	175	5	.	.	PUNCT
cblr-12481	176	1	13	13	NUM
cblr-12481	176	2	grant	grant	PROPN
cblr-12481	176	3	hayden	hayden	PROPN
cblr-12481	176	4	&	&	CCONJ
cblr-12481	176	5	matthew	matthew	PROPN
cblr-12481	176	6	bodie	bodie	PROPN
cblr-12481	176	7	,	,	PUNCT
cblr-12481	176	8	the	the	DET
cblr-12481	176	9	corporation	corporation	NOUN
cblr-12481	176	10	reborn	reborn	VERB
cblr-12481	176	11	:	:	PUNCT
cblr-12481	176	12	from	from	ADP
cblr-12481	176	13	shareholder	shareholder	NOUN
cblr-12481	176	14	primacy	primacy	NOUN
cblr-12481	176	15	to	to	ADP
cblr-12481	176	16	shared	share	VERB
cblr-12481	176	17	governance	governance	NOUN
cblr-12481	176	18	,	,	PUNCT
cblr-12481	176	19	61	61	NUM
cblr-12481	176	20	b.c	b.c	PROPN
cblr-12481	176	21	.	.	PROPN
cblr-12481	176	22	l.	l.	PROPN
cblr-12481	176	23	rev	rev	PROPN
cblr-12481	176	24	.	.	PROPN
cblr-12481	176	25	2419	2419	NUM
cblr-12481	176	26	,	,	PUNCT
cblr-12481	176	27	2422–23	2422–23	NUM
cblr-12481	176	28	(	(	PUNCT
cblr-12481	176	29	2020	2020	NUM
cblr-12481	176	30	)	)	PUNCT
cblr-12481	176	31	.	.	PUNCT
cblr-12481	177	1	836	836	NUM
cblr-12481	177	2	columbia	columbia	PROPN
cblr-12481	177	3	business	business	NOUN
cblr-12481	177	4	law	law	PROPN
cblr-12481	177	5	review	review	NOUN
cblr-12481	177	6	[	[	X
cblr-12481	177	7	vol	vol	NOUN
cblr-12481	177	8	.	.	PUNCT
cblr-12481	177	9	2023	2023	NUM
cblr-12481	177	10	capitalism.14	capitalism.14	PROPN
cblr-12481	177	11	serious	serious	ADJ
cblr-12481	177	12	consideration	consideration	NOUN
cblr-12481	177	13	of	of	ADP
cblr-12481	177	14	stakeholderism15	stakeholderism15	NOUN
cblr-12481	177	15	and	and	CCONJ
cblr-12481	177	16	esg	esg	PROPN
cblr-12481	177	17	has	have	AUX
cblr-12481	177	18	penetrated	penetrate	VERB
cblr-12481	177	19	mainstream	mainstream	ADJ
cblr-12481	177	20	corporate	corporate	ADJ
cblr-12481	177	21	law	law	NOUN
cblr-12481	177	22	and	and	CCONJ
cblr-12481	177	23	governance	governance	NOUN
cblr-12481	177	24	scholarship	scholarship	NOUN
cblr-12481	177	25	and	and	CCONJ
cblr-12481	177	26	practice.16	practice.16	PROPN
cblr-12481	177	27	in	in	ADP
cblr-12481	177	28	this	this	DET
cblr-12481	177	29	section	section	NOUN
cblr-12481	177	30	i	i	PRON
cblr-12481	177	31	distinguish	distinguish	VERB
cblr-12481	177	32	two	two	NUM
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cblr-12481	177	34	interpretations	interpretation	NOUN
cblr-12481	177	35	of	of	ADP
cblr-12481	177	36	corporate	corporate	ADJ
cblr-12481	177	37	purpose	purpose	NOUN
cblr-12481	177	38	that	that	PRON
cblr-12481	177	39	appear	appear	VERB
cblr-12481	177	40	in	in	ADP
cblr-12481	177	41	mainstream	mainstream	ADJ
cblr-12481	177	42	corporate	corporate	ADJ
cblr-12481	177	43	law	law	NOUN
cblr-12481	177	44	and	and	CCONJ
cblr-12481	177	45	governance	governance	NOUN
cblr-12481	177	46	scholarship	scholarship	NOUN
cblr-12481	177	47	and	and	CCONJ
cblr-12481	177	48	practice	practice	NOUN
cblr-12481	177	49	:	:	PUNCT
cblr-12481	177	50	shareholder	shareholder	NOUN
cblr-12481	177	51	primacy	primacy	NOUN
cblr-12481	177	52	and	and	CCONJ
cblr-12481	177	53	stakeholderism	stakeholderism	NOUN
cblr-12481	177	54	.	.	PUNCT
cblr-12481	178	1	1	1	X
cblr-12481	178	2	.	.	X
cblr-12481	178	3	shareholder	shareholder	NOUN
cblr-12481	178	4	primacy	primacy	NOUN
cblr-12481	178	5	the	the	DET
cblr-12481	178	6	prevailing	prevail	VERB
cblr-12481	178	7	interpretation	interpretation	NOUN
cblr-12481	178	8	of	of	ADP
cblr-12481	178	9	corporate	corporate	ADJ
cblr-12481	178	10	purpose	purpose	NOUN
cblr-12481	178	11	is	be	AUX
cblr-12481	178	12	shareholder	shareholder	NOUN
cblr-12481	178	13	primacy.17	primacy.17	PROPN
cblr-12481	178	14	some	some	DET
cblr-12481	178	15	accounts	account	NOUN
cblr-12481	178	16	interpret	interpret	VERB
cblr-12481	178	17	shareholder	shareholder	NOUN
cblr-12481	178	18	14	14	NUM
cblr-12481	178	19	see	see	VERB
cblr-12481	178	20	,	,	PUNCT
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cblr-12481	178	22	,	,	PUNCT
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cblr-12481	178	24	business	business	NOUN
cblr-12481	178	25	–	–	PUNCT
cblr-12481	178	26	gallup	gallup	NOUN
cblr-12481	178	27	historical	historical	ADJ
cblr-12481	178	28	trends	trend	NOUN
cblr-12481	178	29	,	,	PUNCT
cblr-12481	178	30	gallup	gallup	NOUN
cblr-12481	178	31	,	,	PUNCT
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cblr-12481	179	1	[	[	X
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cblr-12481	179	3	]	]	X
cblr-12481	179	4	(	(	PUNCT
cblr-12481	179	5	last	last	ADV
cblr-12481	179	6	visited	visit	VERB
cblr-12481	179	7	oct	oct	PROPN
cblr-12481	179	8	.	.	PROPN
cblr-12481	179	9	26	26	NUM
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cblr-12481	179	13	(	(	PUNCT
cblr-12481	179	14	popular	popular	ADJ
cblr-12481	179	15	perception	perception	NOUN
cblr-12481	179	16	of	of	ADP
cblr-12481	179	17	corporations	corporation	NOUN
cblr-12481	179	18	ebbs	ebb	VERB
cblr-12481	179	19	and	and	CCONJ
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cblr-12481	179	21	:	:	PUNCT
cblr-12481	179	22	notably	notably	ADV
cblr-12481	179	23	,	,	PUNCT
cblr-12481	179	24	dissatisfaction	dissatisfaction	NOUN
cblr-12481	179	25	rose	rise	VERB
cblr-12481	179	26	after	after	ADP
cblr-12481	179	27	the	the	DET
cblr-12481	179	28	2008	2008	NUM
cblr-12481	179	29	financial	financial	ADJ
cblr-12481	179	30	crisis	crisis	NOUN
cblr-12481	179	31	before	before	ADP
cblr-12481	179	32	returning	return	VERB
cblr-12481	179	33	to	to	ADP
cblr-12481	179	34	pre	pre	ADJ
cblr-12481	179	35	-	-	ADJ
cblr-12481	179	36	crisis	crisis	ADJ
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cblr-12481	179	44	match	match	VERB
cblr-12481	179	45	or	or	CCONJ
cblr-12481	179	46	exceed	exceed	VERB
cblr-12481	179	47	those	those	PRON
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cblr-12481	179	50	after	after	ADP
cblr-12481	179	51	2008	2008	NUM
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cblr-12481	179	53	;	;	PUNCT
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cblr-12481	179	57	americans	americans	PROPN
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cblr-12481	179	60	:	:	PUNCT
cblr-12481	179	61	“	"	PUNCT
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cblr-12481	179	66	”	"	PUNCT
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cblr-12481	179	72	june	june	PROPN
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cblr-12481	179	76	)	)	PUNCT
cblr-12481	179	77	,	,	PUNCT
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cblr-12481	179	81	]	]	X
cblr-12481	179	82	.	.	PUNCT
cblr-12481	180	1	15	15	NUM
cblr-12481	180	2	statement	statement	NOUN
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cblr-12481	180	6	of	of	ADP
cblr-12481	180	7	a	a	DET
cblr-12481	180	8	corporation	corporation	NOUN
cblr-12481	180	9	,	,	PUNCT
cblr-12481	180	10	bus	bus	NOUN
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cblr-12481	181	1	roundtable	roundtable	ADJ
cblr-12481	181	2	(	(	PUNCT
cblr-12481	181	3	aug	aug	PROPN
cblr-12481	181	4	.	.	PROPN
cblr-12481	181	5	19	19	NUM
cblr-12481	181	6	,	,	PUNCT
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cblr-12481	181	8	)	)	PUNCT
cblr-12481	181	9	,	,	PUNCT
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cblr-12481	182	1	[	[	X
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cblr-12481	182	3	]	]	X
cblr-12481	182	4	.	.	PUNCT
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cblr-12481	183	2	see	see	VERB
cblr-12481	183	3	,	,	PUNCT
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cblr-12481	183	5	,	,	PUNCT
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cblr-12481	183	12	of	of	ADP
cblr-12481	183	13	the	the	DET
cblr-12481	183	14	business	business	NOUN
cblr-12481	183	15	roundtable	roundtable	NOUN
cblr-12481	183	16	’s	’s	PART
cblr-12481	183	17	reversal	reversal	NOUN
cblr-12481	183	18	on	on	ADP
cblr-12481	183	19	corporate	corporate	ADJ
cblr-12481	183	20	purpose	purpose	NOUN
cblr-12481	183	21	,	,	PUNCT
cblr-12481	183	22	46	46	NUM
cblr-12481	183	23	j.	j.	PROPN
cblr-12481	183	24	corp	corp	PROPN
cblr-12481	183	25	.	.	PROPN
cblr-12481	183	26	l.	l.	PROPN
cblr-12481	183	27	285	285	NUM
cblr-12481	183	28	,	,	PUNCT
cblr-12481	183	29	289	289	NUM
cblr-12481	183	30	(	(	PUNCT
cblr-12481	183	31	2021	2021	NUM
cblr-12481	183	32	)	)	PUNCT
cblr-12481	183	33	;	;	PUNCT
cblr-12481	183	34	edward	edward	PROPN
cblr-12481	183	35	b.	b.	PROPN
cblr-12481	183	36	rock	rock	PROPN
cblr-12481	183	37	,	,	PUNCT
cblr-12481	183	38	for	for	ADP
cblr-12481	183	39	whom	whom	PRON
cblr-12481	183	40	is	be	AUX
cblr-12481	183	41	the	the	DET
cblr-12481	183	42	corporation	corporation	NOUN
cblr-12481	183	43	managed	manage	VERB
cblr-12481	183	44	in	in	ADP
cblr-12481	183	45	2020	2020	NUM
cblr-12481	183	46	?	?	PUNCT
cblr-12481	183	47	:	:	PUNCT
cblr-12481	183	48	the	the	DET
cblr-12481	183	49	debate	debate	NOUN
cblr-12481	183	50	over	over	ADP
cblr-12481	183	51	corporate	corporate	ADJ
cblr-12481	183	52	purpose	purpose	NOUN
cblr-12481	183	53	3–4	3–4	NUM
cblr-12481	183	54	(	(	PUNCT
cblr-12481	183	55	eur	eur	PROPN
cblr-12481	183	56	.	.	PROPN
cblr-12481	183	57	corp	corp	PROPN
cblr-12481	183	58	.	.	PROPN
cblr-12481	183	59	governance	governance	PROPN
cblr-12481	183	60	inst	inst	PROPN
cblr-12481	183	61	.	.	PROPN
cblr-12481	183	62	,	,	PUNCT
cblr-12481	183	63	working	work	VERB
cblr-12481	183	64	paper	paper	NOUN
cblr-12481	183	65	no	no	INTJ
cblr-12481	183	66	.	.	PROPN
cblr-12481	183	67	515	515	NUM
cblr-12481	183	68	,	,	PUNCT
cblr-12481	183	69	2020	2020	NUM
cblr-12481	183	70	)	)	PUNCT
cblr-12481	183	71	;	;	PUNCT
cblr-12481	183	72	hester	hester	PROPN
cblr-12481	183	73	m.	m.	PROPN
cblr-12481	183	74	peirce	peirce	PROPN
cblr-12481	183	75	,	,	PUNCT
cblr-12481	183	76	commissioner	commissioner	NOUN
cblr-12481	183	77	,	,	PUNCT
cblr-12481	183	78	my	my	PRON
cblr-12481	183	79	beef	beef	NOUN
cblr-12481	183	80	with	with	ADP
cblr-12481	183	81	stakeholders	stakeholder	NOUN
cblr-12481	183	82	:	:	PUNCT
cblr-12481	183	83	remarks	remark	NOUN
cblr-12481	183	84	at	at	ADP
cblr-12481	183	85	the	the	DET
cblr-12481	183	86	17th	17th	ADJ
cblr-12481	183	87	annual	annual	ADJ
cblr-12481	183	88	sec	sec	PROPN
cblr-12481	183	89	conference	conference	NOUN
cblr-12481	183	90	,	,	PUNCT
cblr-12481	183	91	center	center	NOUN
cblr-12481	183	92	for	for	ADP
cblr-12481	183	93	corporate	corporate	ADJ
cblr-12481	183	94	reporting	reporting	NOUN
cblr-12481	183	95	and	and	CCONJ
cblr-12481	183	96	governance	governance	NOUN
cblr-12481	183	97	,	,	PUNCT
cblr-12481	183	98	sec	sec	PROPN
cblr-12481	183	99	(	(	PUNCT
cblr-12481	183	100	sept	sept	PROPN
cblr-12481	183	101	.	.	PROPN
cblr-12481	183	102	21	21	NUM
cblr-12481	183	103	,	,	PUNCT
cblr-12481	183	104	2018	2018	NUM
cblr-12481	183	105	)	)	PUNCT
cblr-12481	183	106	,	,	PUNCT
cblr-12481	183	107	https://www.sec.gov/news/speech/speech-peirce-092118	https://www.sec.gov/news/speech/speech-peirce-092118	PUNCT
cblr-12481	184	1	[	[	X
cblr-12481	184	2	https://perma.cc/n97f-pruc	https://perma.cc/n97f-pruc	X
cblr-12481	184	3	]	]	X
cblr-12481	184	4	(	(	PUNCT
cblr-12481	184	5	“	"	PUNCT
cblr-12481	184	6	there	there	PRON
cblr-12481	184	7	is	be	VERB
cblr-12481	184	8	no	no	DET
cblr-12481	184	9	denying	deny	VERB
cblr-12481	184	10	that	that	SCONJ
cblr-12481	184	11	employees	employee	NOUN
cblr-12481	184	12	,	,	PUNCT
cblr-12481	184	13	suppliers	supplier	NOUN
cblr-12481	184	14	,	,	PUNCT
cblr-12481	184	15	and	and	CCONJ
cblr-12481	184	16	localities	locality	NOUN
cblr-12481	184	17	often	often	ADV
cblr-12481	184	18	feel	feel	VERB
cblr-12481	184	19	the	the	DET
cblr-12481	184	20	effects	effect	NOUN
cblr-12481	184	21	of	of	ADP
cblr-12481	184	22	the	the	DET
cblr-12481	184	23	choices	choice	NOUN
cblr-12481	184	24	a	a	DET
cblr-12481	184	25	company	company	NOUN
cblr-12481	184	26	’s	’s	PART
cblr-12481	184	27	board	board	NOUN
cblr-12481	184	28	makes	make	VERB
cblr-12481	184	29	.	.	PUNCT
cblr-12481	185	1	the	the	DET
cblr-12481	185	2	question	question	NOUN
cblr-12481	185	3	of	of	ADP
cblr-12481	185	4	who	who	PRON
cblr-12481	185	5	might	might	AUX
cblr-12481	185	6	be	be	AUX
cblr-12481	185	7	affected	affect	VERB
cblr-12481	185	8	by	by	ADP
cblr-12481	185	9	a	a	DET
cblr-12481	185	10	decision	decision	NOUN
cblr-12481	185	11	is	be	AUX
cblr-12481	185	12	,	,	PUNCT
cblr-12481	185	13	however	however	ADV
cblr-12481	185	14	,	,	PUNCT
cblr-12481	185	15	a	a	DET
cblr-12481	185	16	different	different	ADJ
cblr-12481	185	17	question	question	NOUN
cblr-12481	185	18	from	from	ADP
cblr-12481	185	19	whether	whether	SCONJ
cblr-12481	185	20	the	the	DET
cblr-12481	185	21	company	company	NOUN
cblr-12481	185	22	must	must	AUX
cblr-12481	185	23	consider	consider	VERB
cblr-12481	185	24	their	their	PRON
cblr-12481	185	25	interests	interest	NOUN
cblr-12481	185	26	—	—	PUNCT
cblr-12481	185	27	separate	separate	ADJ
cblr-12481	185	28	and	and	CCONJ
cblr-12481	185	29	apart	apart	ADV
cblr-12481	185	30	from	from	ADP
cblr-12481	185	31	the	the	DET
cblr-12481	185	32	company	company	NOUN
cblr-12481	185	33	’s	’s	PART
cblr-12481	185	34	own	own	ADJ
cblr-12481	185	35	interests	interest	NOUN
cblr-12481	185	36	—	—	PUNCT
cblr-12481	185	37	as	as	ADP
cblr-12481	185	38	part	part	NOUN
cblr-12481	185	39	of	of	ADP
cblr-12481	185	40	any	any	DET
cblr-12481	185	41	decision	decision	NOUN
cblr-12481	185	42	-	-	PUNCT
cblr-12481	185	43	making	making	NOUN
cblr-12481	185	44	.	.	PUNCT
cblr-12481	186	1	that	that	DET
cblr-12481	186	2	question	question	NOUN
cblr-12481	186	3	is	be	AUX
cblr-12481	186	4	,	,	PUNCT
cblr-12481	186	5	in	in	ADP
cblr-12481	186	6	turn	turn	NOUN
cblr-12481	186	7	,	,	PUNCT
cblr-12481	186	8	separate	separate	ADJ
cblr-12481	186	9	from	from	ADP
cblr-12481	186	10	the	the	DET
cblr-12481	186	11	question	question	NOUN
cblr-12481	186	12	of	of	ADP
cblr-12481	186	13	whether	whether	SCONJ
cblr-12481	186	14	these	these	DET
cblr-12481	186	15	individuals	individual	NOUN
cblr-12481	186	16	,	,	PUNCT
cblr-12481	186	17	by	by	ADP
cblr-12481	186	18	virtue	virtue	NOUN
cblr-12481	186	19	of	of	ADP
cblr-12481	186	20	their	their	PRON
cblr-12481	186	21	status	status	NOUN
cblr-12481	186	22	as	as	ADP
cblr-12481	186	23	‘	'	PUNCT
cblr-12481	186	24	stakeholders	stakeholder	NOUN
cblr-12481	186	25	,	,	PUNCT
cblr-12481	186	26	’	'	PUNCT
cblr-12481	186	27	are	be	AUX
cblr-12481	186	28	entitled	entitle	VERB
cblr-12481	186	29	to	to	ADP
cblr-12481	186	30	a	a	DET
cblr-12481	186	31	say	say	NOUN
cblr-12481	186	32	in	in	ADP
cblr-12481	186	33	how	how	SCONJ
cblr-12481	186	34	the	the	DET
cblr-12481	186	35	company	company	NOUN
cblr-12481	186	36	conducts	conduct	VERB
cblr-12481	186	37	its	its	PRON
cblr-12481	186	38	business	business	NOUN
cblr-12481	186	39	.	.	PUNCT
cblr-12481	187	1	i	i	PRON
cblr-12481	187	2	posit	posit	VERB
cblr-12481	187	3	that	that	SCONJ
cblr-12481	187	4	the	the	DET
cblr-12481	187	5	proper	proper	ADJ
cblr-12481	187	6	answer	answer	NOUN
cblr-12481	187	7	to	to	ADP
cblr-12481	187	8	these	these	DET
cblr-12481	187	9	last	last	ADJ
cblr-12481	187	10	two	two	NUM
cblr-12481	187	11	questions	question	NOUN
cblr-12481	187	12	is	be	AUX
cblr-12481	187	13	‘	'	PUNCT
cblr-12481	187	14	no	no	INTJ
cblr-12481	187	15	.	.	PUNCT
cblr-12481	187	16	’	'	PUNCT
cblr-12481	187	17	”	"	PUNCT
cblr-12481	187	18	)	)	PUNCT
cblr-12481	187	19	.	.	PUNCT
cblr-12481	188	1	17	17	NUM
cblr-12481	188	2	in	in	ADP
cblr-12481	188	3	the	the	DET
cblr-12481	188	4	tradition	tradition	NOUN
cblr-12481	188	5	of	of	ADP
cblr-12481	188	6	milton	milton	PROPN
cblr-12481	188	7	friedman	friedman	PROPN
cblr-12481	188	8	,	,	PUNCT
cblr-12481	188	9	shareholder	shareholder	NOUN
cblr-12481	188	10	primacy	primacy	NOUN
cblr-12481	188	11	equates	equate	VERB
cblr-12481	188	12	with	with	ADP
cblr-12481	188	13	shareholder	shareholder	NOUN
cblr-12481	188	14	wealth	wealth	NOUN
cblr-12481	188	15	maximization	maximization	PROPN
cblr-12481	188	16	.	.	PUNCT
cblr-12481	189	1	milton	milton	PROPN
cblr-12481	189	2	friedman	friedman	PROPN
cblr-12481	189	3	,	,	PUNCT
cblr-12481	189	4	the	the	DET
cblr-12481	189	5	social	social	ADJ
cblr-12481	189	6	no	no	NOUN
cblr-12481	189	7	.	.	NOUN
cblr-12481	189	8	2	2	NUM
cblr-12481	189	9	]	]	X
cblr-12481	189	10	corporate	corporate	ADJ
cblr-12481	189	11	technocracy	technocracy	NOUN
cblr-12481	189	12	837	837	NUM
cblr-12481	189	13	primacy	primacy	NOUN
cblr-12481	189	14	as	as	ADP
cblr-12481	189	15	short	short	ADJ
cblr-12481	189	16	-	-	PUNCT
cblr-12481	189	17	term	term	NOUN
cblr-12481	189	18	shareholder	shareholder	NOUN
cblr-12481	189	19	wealth	wealth	NOUN
cblr-12481	189	20	maximization	maximization	NOUN
cblr-12481	189	21	,	,	PUNCT
cblr-12481	189	22	while	while	SCONJ
cblr-12481	189	23	others	other	NOUN
cblr-12481	189	24	interpret	interpret	VERB
cblr-12481	189	25	it	it	PRON
cblr-12481	189	26	as	as	ADP
cblr-12481	189	27	long	long	ADJ
cblr-12481	189	28	-	-	PUNCT
cblr-12481	189	29	term	term	NOUN
cblr-12481	189	30	enterprise	enterprise	NOUN
cblr-12481	189	31	value	value	NOUN
cblr-12481	189	32	creation.18	creation.18	NOUN
cblr-12481	189	33	generally	generally	ADV
cblr-12481	189	34	,	,	PUNCT
cblr-12481	189	35	however	however	ADV
cblr-12481	189	36	,	,	PUNCT
cblr-12481	189	37	shareholder	shareholder	NOUN
cblr-12481	189	38	primacists	primacist	NOUN
cblr-12481	189	39	agree	agree	VERB
cblr-12481	189	40	that	that	SCONJ
cblr-12481	189	41	shareholders	shareholder	NOUN
cblr-12481	189	42	are	be	AUX
cblr-12481	189	43	the	the	DET
cblr-12481	189	44	corporation	corporation	NOUN
cblr-12481	189	45	’s	’s	PART
cblr-12481	189	46	principals	principal	NOUN
cblr-12481	189	47	and	and	CCONJ
cblr-12481	189	48	that	that	SCONJ
cblr-12481	189	49	managers	manager	NOUN
cblr-12481	189	50	are	be	AUX
cblr-12481	189	51	their	their	PRON
cblr-12481	189	52	fiduciaries	fiduciary	NOUN
cblr-12481	189	53	and	and	CCONJ
cblr-12481	189	54	agents.19	agents.19	PRON
cblr-12481	189	55	they	they	PRON
cblr-12481	189	56	argue	argue	VERB
cblr-12481	189	57	that	that	SCONJ
cblr-12481	189	58	limiting	limit	VERB
cblr-12481	189	59	managers	manager	NOUN
cblr-12481	189	60	’	'	PUNCT
cblr-12481	189	61	mandate	mandate	NOUN
cblr-12481	189	62	promotes	promote	VERB
cblr-12481	189	63	efficiency	efficiency	NOUN
cblr-12481	189	64	:	:	PUNCT
cblr-12481	189	65	shareholder	shareholder	NOUN
cblr-12481	189	66	wealth	wealth	NOUN
cblr-12481	189	67	maximization	maximization	NOUN
cblr-12481	189	68	identifies	identify	VERB
cblr-12481	189	69	a	a	DET
cblr-12481	189	70	uniform	uniform	ADJ
cblr-12481	189	71	preference	preference	NOUN
cblr-12481	189	72	among	among	ADP
cblr-12481	189	73	diverse	diverse	ADJ
cblr-12481	189	74	shareholders,20	shareholders,20	NOUN
cblr-12481	189	75	which	which	PRON
cblr-12481	189	76	creates	create	VERB
cblr-12481	189	77	accountability	accountability	NOUN
cblr-12481	189	78	from	from	ADP
cblr-12481	189	79	responsibility	responsibility	NOUN
cblr-12481	189	80	of	of	ADP
cblr-12481	189	81	business	business	NOUN
cblr-12481	189	82	is	be	AUX
cblr-12481	189	83	to	to	PART
cblr-12481	189	84	increase	increase	VERB
cblr-12481	189	85	its	its	PRON
cblr-12481	189	86	profits	profit	NOUN
cblr-12481	189	87	,	,	PUNCT
cblr-12481	189	88	n.y	n.y	PROPN
cblr-12481	189	89	.	.	PROPN
cblr-12481	189	90	times	times	PROPN
cblr-12481	189	91	(	(	PUNCT
cblr-12481	189	92	sept	sept	PROPN
cblr-12481	189	93	.	.	PROPN
cblr-12481	189	94	13	13	NUM
cblr-12481	189	95	,	,	PUNCT
cblr-12481	189	96	1970	1970	NUM
cblr-12481	189	97	)	)	PUNCT
cblr-12481	189	98	,	,	PUNCT
cblr-12481	189	99	https://www.nytimes.com/1970/09/13/archives/a-friedman-doctrinethe-social-responsibility-of-business-is-to.html[https://perma.cc/u4dswpmt	https://www.nytimes.com/1970/09/13/archives/a-friedman-doctrinethe-social-responsibility-of-business-is-to.html[https://perma.cc/u4dswpmt	PROPN
cblr-12481	189	100	]	]	PUNCT
cblr-12481	189	101	.	.	PUNCT
cblr-12481	190	1	the	the	DET
cblr-12481	190	2	more	more	ADV
cblr-12481	190	3	recent	recent	ADJ
cblr-12481	190	4	formulation	formulation	NOUN
cblr-12481	190	5	advanced	advance	VERB
cblr-12481	190	6	by	by	ADP
cblr-12481	190	7	oliver	oliver	PROPN
cblr-12481	190	8	hart	hart	PROPN
cblr-12481	190	9	and	and	CCONJ
cblr-12481	190	10	luigi	luigi	PROPN
cblr-12481	190	11	zingales	zingales	PROPN
cblr-12481	190	12	suggests	suggest	VERB
cblr-12481	190	13	a	a	DET
cblr-12481	190	14	liberalized	liberalized	ADJ
cblr-12481	190	15	shareholder	shareholder	NOUN
cblr-12481	190	16	primacy	primacy	NOUN
cblr-12481	190	17	that	that	PRON
cblr-12481	190	18	represents	represent	VERB
cblr-12481	190	19	shareholder	shareholder	NOUN
cblr-12481	190	20	welfare	welfare	NOUN
cblr-12481	190	21	maximization	maximization	PROPN
cblr-12481	190	22	.	.	PUNCT
cblr-12481	191	1	see	see	VERB
cblr-12481	191	2	oliver	oliver	PROPN
cblr-12481	191	3	hart	hart	PROPN
cblr-12481	191	4	&	&	CCONJ
cblr-12481	191	5	luigi	luigi	PROPN
cblr-12481	191	6	zingales	zingales	PROPN
cblr-12481	191	7	,	,	PUNCT
cblr-12481	191	8	companies	company	NOUN
cblr-12481	191	9	should	should	AUX
cblr-12481	191	10	maximize	maximize	VERB
cblr-12481	191	11	shareholder	shareholder	NOUN
cblr-12481	191	12	welfare	welfare	NOUN
cblr-12481	191	13	not	not	PART
cblr-12481	191	14	market	market	NOUN
cblr-12481	191	15	value	value	NOUN
cblr-12481	191	16	,	,	PUNCT
cblr-12481	191	17	j.	j.	PROPN
cblr-12481	191	18	l.	l.	PROPN
cblr-12481	191	19	fin	fin	PROPN
cblr-12481	191	20	.	.	PROPN
cblr-12481	191	21	&	&	CCONJ
cblr-12481	191	22	acct	acct	NOUN
cblr-12481	191	23	.	.	PUNCT
cblr-12481	192	1	247	247	NUM
cblr-12481	192	2	,	,	PUNCT
cblr-12481	192	3	248	248	NUM
cblr-12481	192	4	(	(	PUNCT
cblr-12481	192	5	2017	2017	NUM
cblr-12481	192	6	)	)	PUNCT
cblr-12481	192	7	.	.	PUNCT
cblr-12481	193	1	until	until	ADP
cblr-12481	193	2	now	now	ADV
cblr-12481	193	3	,	,	PUNCT
cblr-12481	193	4	this	this	DET
cblr-12481	193	5	account	account	NOUN
cblr-12481	193	6	has	have	AUX
cblr-12481	193	7	not	not	PART
cblr-12481	193	8	been	be	AUX
cblr-12481	193	9	used	use	VERB
cblr-12481	193	10	to	to	PART
cblr-12481	193	11	justify	justify	VERB
cblr-12481	193	12	a	a	DET
cblr-12481	193	13	sacrifice	sacrifice	NOUN
cblr-12481	193	14	of	of	ADP
cblr-12481	193	15	shareholder	shareholder	NOUN
cblr-12481	193	16	wealth	wealth	NOUN
cblr-12481	193	17	even	even	ADV
cblr-12481	193	18	where	where	SCONJ
cblr-12481	193	19	broader	broad	ADJ
cblr-12481	193	20	shareholder	shareholder	NOUN
cblr-12481	193	21	welfare	welfare	NOUN
cblr-12481	193	22	is	be	AUX
cblr-12481	193	23	claimed	claim	VERB
cblr-12481	193	24	.	.	PUNCT
cblr-12481	194	1	in	in	ADP
cblr-12481	194	2	both	both	CCONJ
cblr-12481	194	3	the	the	DET
cblr-12481	194	4	friedman	friedman	NOUN
cblr-12481	194	5	and	and	CCONJ
cblr-12481	194	6	the	the	DET
cblr-12481	194	7	hart	hart	PROPN
cblr-12481	194	8	and	and	CCONJ
cblr-12481	194	9	zingales	zingales	PROPN
cblr-12481	194	10	accounts	account	NOUN
cblr-12481	194	11	,	,	PUNCT
cblr-12481	194	12	shareholders	shareholder	NOUN
cblr-12481	194	13	remain	remain	VERB
cblr-12481	194	14	as	as	SCONJ
cblr-12481	194	15	the	the	DET
cblr-12481	194	16	underlying	underlie	VERB
cblr-12481	194	17	principals	principal	NOUN
cblr-12481	194	18	of	of	ADP
cblr-12481	194	19	the	the	DET
cblr-12481	194	20	corporate	corporate	ADJ
cblr-12481	194	21	governance	governance	NOUN
cblr-12481	194	22	endeavor	endeavor	NOUN
cblr-12481	194	23	and	and	CCONJ
cblr-12481	194	24	managers	manager	NOUN
cblr-12481	194	25	are	be	AUX
cblr-12481	194	26	their	their	PRON
cblr-12481	194	27	agents	agent	NOUN
cblr-12481	194	28	charged	charge	VERB
cblr-12481	194	29	with	with	ADP
cblr-12481	194	30	representing	represent	VERB
cblr-12481	194	31	and	and	CCONJ
cblr-12481	194	32	accounting	account	VERB
cblr-12481	194	33	for	for	ADP
cblr-12481	194	34	shareholders	shareholder	NOUN
cblr-12481	194	35	’	'	PUNCT
cblr-12481	194	36	pluralist	pluralist	ADJ
cblr-12481	194	37	pro	pro	ADJ
cblr-12481	194	38	-	-	ADJ
cblr-12481	194	39	social	social	ADJ
cblr-12481	194	40	preferences	preference	NOUN
cblr-12481	194	41	.	.	PUNCT
cblr-12481	195	1	18	18	NUM
cblr-12481	195	2	david	david	PROPN
cblr-12481	195	3	millon	millon	PROPN
cblr-12481	195	4	,	,	PUNCT
cblr-12481	195	5	radical	radical	ADJ
cblr-12481	195	6	shareholder	shareholder	NOUN
cblr-12481	195	7	primacy	primacy	NOUN
cblr-12481	195	8	,	,	PUNCT
cblr-12481	195	9	10	10	NUM
cblr-12481	195	10	u.	u.	PROPN
cblr-12481	195	11	st	st	PROPN
cblr-12481	195	12	.	.	PROPN
cblr-12481	195	13	thomas	thomas	PROPN
cblr-12481	195	14	l.j	l.j	PROPN
cblr-12481	195	15	.	.	PROPN
cblr-12481	195	16	1013	1013	NUM
cblr-12481	195	17	,	,	PUNCT
cblr-12481	195	18	1013–14	1013–14	NUM
cblr-12481	195	19	(	(	PUNCT
cblr-12481	195	20	2013	2013	NUM
cblr-12481	195	21	)	)	PUNCT
cblr-12481	195	22	(	(	PUNCT
cblr-12481	195	23	explaining	explain	VERB
cblr-12481	195	24	that	that	SCONJ
cblr-12481	195	25	“	"	PUNCT
cblr-12481	195	26	traditional	traditional	ADJ
cblr-12481	195	27	shareholder	shareholder	NOUN
cblr-12481	195	28	primacy	primacy	NOUN
cblr-12481	195	29	”	"	PUNCT
cblr-12481	195	30	is	be	AUX
cblr-12481	195	31	oriented	orient	VERB
cblr-12481	195	32	towards	towards	ADP
cblr-12481	195	33	long	long	ADJ
cblr-12481	195	34	-	-	PUNCT
cblr-12481	195	35	term	term	NOUN
cblr-12481	195	36	corporate	corporate	ADJ
cblr-12481	195	37	value	value	NOUN
cblr-12481	195	38	,	,	PUNCT
cblr-12481	195	39	distinguishable	distinguishable	ADJ
cblr-12481	195	40	from	from	ADP
cblr-12481	195	41	“	"	PUNCT
cblr-12481	195	42	radical	radical	ADJ
cblr-12481	195	43	shareholder	shareholder	NOUN
cblr-12481	195	44	primacy	primacy	NOUN
cblr-12481	195	45	,	,	PUNCT
cblr-12481	195	46	”	"	PUNCT
cblr-12481	195	47	which	which	PRON
cblr-12481	195	48	is	be	AUX
cblr-12481	195	49	oriented	orient	VERB
cblr-12481	195	50	towards	towards	ADP
cblr-12481	195	51	short	short	ADJ
cblr-12481	195	52	term	term	NOUN
cblr-12481	195	53	shareholder	shareholder	NOUN
cblr-12481	195	54	wealth	wealth	NOUN
cblr-12481	195	55	maximization	maximization	PROPN
cblr-12481	195	56	)	)	PUNCT
cblr-12481	195	57	.	.	PUNCT
cblr-12481	196	1	19	19	NUM
cblr-12481	196	2	proponents	proponent	NOUN
cblr-12481	196	3	of	of	ADP
cblr-12481	196	4	shareholder	shareholder	NOUN
cblr-12481	196	5	wealth	wealth	NOUN
cblr-12481	196	6	maximization	maximization	PROPN
cblr-12481	196	7	defend	defend	VERB
cblr-12481	196	8	it	it	PRON
cblr-12481	196	9	on	on	ADP
cblr-12481	196	10	normative	normative	ADJ
cblr-12481	196	11	and	and	CCONJ
cblr-12481	196	12	practical	practical	ADJ
cblr-12481	196	13	grounds	ground	NOUN
cblr-12481	196	14	.	.	PUNCT
cblr-12481	197	1	one	one	NUM
cblr-12481	197	2	position	position	NOUN
cblr-12481	197	3	grounds	ground	VERB
cblr-12481	197	4	its	its	PRON
cblr-12481	197	5	claim	claim	NOUN
cblr-12481	197	6	in	in	ADP
cblr-12481	197	7	a	a	DET
cblr-12481	197	8	contract	contract	NOUN
cblr-12481	197	9	theory	theory	NOUN
cblr-12481	197	10	of	of	ADP
cblr-12481	197	11	the	the	DET
cblr-12481	197	12	corporation	corporation	NOUN
cblr-12481	197	13	that	that	PRON
cblr-12481	197	14	justifies	justify	VERB
cblr-12481	197	15	shareholders	shareholder	NOUN
cblr-12481	197	16	’	'	PUNCT
cblr-12481	197	17	privileged	privileged	ADJ
cblr-12481	197	18	position	position	NOUN
cblr-12481	197	19	among	among	ADP
cblr-12481	197	20	other	other	ADJ
cblr-12481	197	21	corporate	corporate	ADJ
cblr-12481	197	22	stakeholders	stakeholder	NOUN
cblr-12481	197	23	by	by	ADP
cblr-12481	197	24	appealing	appeal	VERB
cblr-12481	197	25	to	to	ADP
cblr-12481	197	26	their	their	PRON
cblr-12481	197	27	status	status	NOUN
cblr-12481	197	28	as	as	ADP
cblr-12481	197	29	the	the	DET
cblr-12481	197	30	corporation	corporation	NOUN
cblr-12481	197	31	’s	’s	PART
cblr-12481	197	32	sole	sole	ADJ
cblr-12481	197	33	residual	residual	ADJ
cblr-12481	197	34	claimants	claimant	NOUN
cblr-12481	197	35	.	.	PUNCT
cblr-12481	198	1	sung	sung	PROPN
cblr-12481	198	2	eun	eun	PROPN
cblr-12481	198	3	kim	kim	PROPN
cblr-12481	198	4	,	,	PUNCT
cblr-12481	198	5	tracing	trace	VERB
cblr-12481	198	6	the	the	DET
cblr-12481	198	7	diverse	diverse	ADJ
cblr-12481	198	8	history	history	NOUN
cblr-12481	198	9	of	of	ADP
cblr-12481	198	10	corporate	corporate	ADJ
cblr-12481	198	11	residual	residual	ADJ
cblr-12481	198	12	claimants	claimant	NOUN
cblr-12481	198	13	,	,	PUNCT
cblr-12481	198	14	95	95	NUM
cblr-12481	198	15	s.	s.	PROPN
cblr-12481	198	16	cal	cal	PROPN
cblr-12481	198	17	.	.	PUNCT
cblr-12481	199	1	l.	l.	PROPN
cblr-12481	199	2	rev	rev	PROPN
cblr-12481	199	3	.	.	PROPN
cblr-12481	199	4	postscript	postscript	PROPN
cblr-12481	199	5	43	43	NUM
cblr-12481	199	6	,	,	PUNCT
cblr-12481	199	7	44	44	NUM
cblr-12481	199	8	(	(	PUNCT
cblr-12481	199	9	2021	2021	NUM
cblr-12481	199	10	)	)	PUNCT
cblr-12481	199	11	.	.	PUNCT
cblr-12481	200	1	another	another	DET
cblr-12481	200	2	position	position	NOUN
cblr-12481	200	3	takes	take	VERB
cblr-12481	200	4	root	root	NOUN
cblr-12481	200	5	in	in	ADP
cblr-12481	200	6	property	property	NOUN
cblr-12481	200	7	theory	theory	NOUN
cblr-12481	200	8	,	,	PUNCT
cblr-12481	200	9	claiming	claim	VERB
cblr-12481	200	10	that	that	SCONJ
cblr-12481	200	11	shareholders	shareholder	NOUN
cblr-12481	200	12	,	,	PUNCT
cblr-12481	200	13	as	as	ADP
cblr-12481	200	14	the	the	DET
cblr-12481	200	15	corporation	corporation	NOUN
cblr-12481	200	16	’s	’s	PART
cblr-12481	200	17	owners	owner	NOUN
cblr-12481	200	18	,	,	PUNCT
cblr-12481	200	19	are	be	AUX
cblr-12481	200	20	entitled	entitle	VERB
cblr-12481	200	21	to	to	ADP
cblr-12481	200	22	a	a	DET
cblr-12481	200	23	position	position	NOUN
cblr-12481	200	24	of	of	ADP
cblr-12481	200	25	primacy	primacy	NOUN
cblr-12481	200	26	among	among	ADP
cblr-12481	200	27	its	its	PRON
cblr-12481	200	28	various	various	ADJ
cblr-12481	200	29	stakeholders	stakeholder	NOUN
cblr-12481	200	30	.	.	PUNCT
cblr-12481	201	1	julian	julian	PROPN
cblr-12481	201	2	velasco	velasco	PROPN
cblr-12481	201	3	,	,	PUNCT
cblr-12481	201	4	shareholder	shareholder	NOUN
cblr-12481	201	5	ownership	ownership	NOUN
cblr-12481	201	6	and	and	CCONJ
cblr-12481	201	7	primacy	primacy	NOUN
cblr-12481	201	8	,	,	PUNCT
cblr-12481	201	9	2010	2010	NUM
cblr-12481	201	10	u.	u.	PROPN
cblr-12481	201	11	ill	ill	PROPN
cblr-12481	201	12	.	.	PUNCT
cblr-12481	202	1	l.	l.	PROPN
cblr-12481	202	2	rev	rev	PROPN
cblr-12481	202	3	.	.	PROPN
cblr-12481	202	4	897	897	NUM
cblr-12481	202	5	,	,	PUNCT
cblr-12481	202	6	898–99	898–99	NUM
cblr-12481	202	7	.	.	PUNCT
cblr-12481	203	1	20	20	NUM
cblr-12481	203	2	see	see	VERB
cblr-12481	203	3	,	,	PUNCT
cblr-12481	203	4	e.g.	e.g.	ADV
cblr-12481	203	5	,	,	PUNCT
cblr-12481	203	6	frank	frank	PROPN
cblr-12481	203	7	h.	h.	PROPN
cblr-12481	203	8	easterbrook	easterbrook	PROPN
cblr-12481	203	9	&	&	CCONJ
cblr-12481	203	10	daniel	daniel	PROPN
cblr-12481	203	11	r.	r.	PROPN
cblr-12481	203	12	fischel	fischel	PROPN
cblr-12481	203	13	,	,	PUNCT
cblr-12481	203	14	voting	vote	VERB
cblr-12481	203	15	in	in	ADP
cblr-12481	203	16	corporate	corporate	ADJ
cblr-12481	203	17	law	law	NOUN
cblr-12481	203	18	,	,	PUNCT
cblr-12481	203	19	26	26	NUM
cblr-12481	203	20	j.l	j.l	PROPN
cblr-12481	203	21	.	.	PROPN
cblr-12481	203	22	&	&	CCONJ
cblr-12481	203	23	econ	econ	PROPN
cblr-12481	203	24	.	.	PUNCT
cblr-12481	204	1	395	395	NUM
cblr-12481	204	2	,	,	PUNCT
cblr-12481	204	3	405–06	405–06	NUM
cblr-12481	204	4	(	(	PUNCT
cblr-12481	204	5	1983	1983	NUM
cblr-12481	204	6	)	)	PUNCT
cblr-12481	204	7	(	(	PUNCT
cblr-12481	204	8	“	"	PUNCT
cblr-12481	204	9	[	[	X
cblr-12481	204	10	s]hareholders	s]hareholder	NOUN
cblr-12481	204	11	of	of	ADP
cblr-12481	204	12	a	a	DET
cblr-12481	204	13	given	give	VERB
cblr-12481	204	14	firm	firm	NOUN
cblr-12481	204	15	at	at	ADP
cblr-12481	204	16	a	a	DET
cblr-12481	204	17	given	give	VERB
cblr-12481	204	18	time	time	NOUN
cblr-12481	204	19	are	be	AUX
cblr-12481	204	20	a	a	DET
cblr-12481	204	21	reasonably	reasonably	ADV
cblr-12481	204	22	homogeneous	homogeneous	ADJ
cblr-12481	204	23	group	group	NOUN
cblr-12481	204	24	with	with	ADP
cblr-12481	204	25	respect	respect	NOUN
cblr-12481	204	26	to	to	ADP
cblr-12481	204	27	their	their	PRON
cblr-12481	204	28	desires	desire	NOUN
cblr-12481	204	29	for	for	ADP
cblr-12481	204	30	the	the	DET
cblr-12481	204	31	firm	firm	NOUN
cblr-12481	204	32	.	.	PUNCT
cblr-12481	204	33	”	"	PUNCT
cblr-12481	204	34	)	)	PUNCT
cblr-12481	204	35	;	;	PUNCT
cblr-12481	205	1	henry	henry	PROPN
cblr-12481	205	2	g.	g.	PROPN
cblr-12481	205	3	manne	manne	PROPN
cblr-12481	205	4	,	,	PUNCT
cblr-12481	205	5	some	some	DET
cblr-12481	205	6	theoretical	theoretical	ADJ
cblr-12481	205	7	aspects	aspect	NOUN
cblr-12481	205	8	of	of	ADP
cblr-12481	205	9	share	share	NOUN
cblr-12481	205	10	voting	voting	NOUN
cblr-12481	205	11	,	,	PUNCT
cblr-12481	205	12	64	64	NUM
cblr-12481	205	13	colum	colum	NOUN
cblr-12481	205	14	.	.	PUNCT
cblr-12481	206	1	l.	l.	PROPN
cblr-12481	206	2	rev	rev	PROPN
cblr-12481	206	3	.	.	PROPN
cblr-12481	206	4	1427	1427	NUM
cblr-12481	206	5	,	,	PUNCT
cblr-12481	206	6	1442	1442	NUM
cblr-12481	206	7	(	(	PUNCT
cblr-12481	206	8	1964	1964	NUM
cblr-12481	206	9	)	)	PUNCT
cblr-12481	206	10	(	(	PUNCT
cblr-12481	206	11	“	"	PUNCT
cblr-12481	206	12	few	few	ADJ
cblr-12481	206	13	fights	fight	NOUN
cblr-12481	206	14	for	for	ADP
cblr-12481	206	15	control	control	NOUN
cblr-12481	206	16	of	of	ADP
cblr-12481	206	17	a	a	DET
cblr-12481	206	18	corporation	corporation	NOUN
cblr-12481	206	19	,	,	PUNCT
cblr-12481	206	20	therefore	therefore	ADV
cblr-12481	206	21	,	,	PUNCT
cblr-12481	206	22	are	be	AUX
cblr-12481	206	23	likely	likely	ADJ
cblr-12481	206	24	to	to	PART
cblr-12481	206	25	involve	involve	VERB
cblr-12481	206	26	any	any	DET
cblr-12481	206	27	fundamental	fundamental	ADJ
cblr-12481	206	28	difference	difference	NOUN
cblr-12481	206	29	of	of	ADP
cblr-12481	206	30	opinion	opinion	NOUN
cblr-12481	206	31	among	among	ADP
cblr-12481	206	32	shareholders	shareholder	NOUN
cblr-12481	206	33	on	on	ADP
cblr-12481	206	34	ultimate	ultimate	ADJ
cblr-12481	206	35	goals	goal	NOUN
cblr-12481	206	36	;	;	PUNCT
cblr-12481	206	37	they	they	PRON
cblr-12481	206	38	are	be	AUX
cblr-12481	206	39	much	much	ADV
cblr-12481	206	40	more	more	ADV
cblr-12481	206	41	likely	likely	ADJ
cblr-12481	206	42	838	838	NUM
cblr-12481	206	43	columbia	columbia	PROPN
cblr-12481	206	44	business	business	NOUN
cblr-12481	206	45	law	law	NOUN
cblr-12481	206	46	review	review	NOUN
cblr-12481	206	47	[	[	X
cblr-12481	206	48	vol	vol	NOUN
cblr-12481	206	49	.	.	PUNCT
cblr-12481	206	50	2023	2023	NUM
cblr-12481	206	51	managers	manager	NOUN
cblr-12481	206	52	and	and	CCONJ
cblr-12481	206	53	a	a	DET
cblr-12481	206	54	clear	clear	ADJ
cblr-12481	206	55	financial	financial	ADJ
cblr-12481	206	56	metric	metric	NOUN
cblr-12481	206	57	for	for	ADP
cblr-12481	206	58	evaluating	evaluate	VERB
cblr-12481	206	59	and	and	CCONJ
cblr-12481	206	60	monitoring	monitoring	NOUN
cblr-12481	206	61	performance	performance	NOUN
cblr-12481	206	62	.	.	PUNCT
cblr-12481	207	1	a	a	DET
cblr-12481	207	2	more	more	ADV
cblr-12481	207	3	nuanced	nuanced	ADJ
cblr-12481	207	4	variation	variation	NOUN
cblr-12481	207	5	of	of	ADP
cblr-12481	207	6	shareholder	shareholder	NOUN
cblr-12481	207	7	primacy	primacy	NOUN
cblr-12481	207	8	claims	claim	NOUN
cblr-12481	207	9	is	be	AUX
cblr-12481	207	10	that	that	SCONJ
cblr-12481	207	11	a	a	DET
cblr-12481	207	12	corporation	corporation	NOUN
cblr-12481	207	13	’s	’s	PART
cblr-12481	207	14	purpose	purpose	NOUN
cblr-12481	207	15	is	be	AUX
cblr-12481	207	16	to	to	PART
cblr-12481	207	17	deliver	deliver	VERB
cblr-12481	207	18	enlightened	enlighten	VERB
cblr-12481	207	19	shareholder	shareholder	NOUN
cblr-12481	207	20	value	value	NOUN
cblr-12481	207	21	by	by	ADP
cblr-12481	207	22	combining	combine	VERB
cblr-12481	207	23	profit	profit	NOUN
cblr-12481	207	24	and	and	CCONJ
cblr-12481	207	25	purpose.21	purpose.21	VERB
cblr-12481	207	26	accordingly	accordingly	ADV
cblr-12481	207	27	,	,	PUNCT
cblr-12481	207	28	managers	manager	NOUN
cblr-12481	207	29	have	have	VERB
cblr-12481	207	30	a	a	DET
cblr-12481	207	31	mandate	mandate	NOUN
cblr-12481	207	32	to	to	PART
cblr-12481	207	33	generate	generate	VERB
cblr-12481	207	34	profit	profit	NOUN
cblr-12481	207	35	for	for	ADP
cblr-12481	207	36	shareholders	shareholder	NOUN
cblr-12481	207	37	while	while	SCONJ
cblr-12481	207	38	considering	consider	VERB
cblr-12481	207	39	implications	implication	NOUN
cblr-12481	207	40	for	for	ADP
cblr-12481	207	41	social	social	ADJ
cblr-12481	207	42	welfare	welfare	NOUN
cblr-12481	207	43	when	when	SCONJ
cblr-12481	207	44	selecting	select	VERB
cblr-12481	207	45	among	among	ADP
cblr-12481	207	46	different	different	ADJ
cblr-12481	207	47	possible	possible	ADJ
cblr-12481	207	48	operational	operational	ADJ
cblr-12481	207	49	decisions	decision	NOUN
cblr-12481	207	50	or	or	CCONJ
cblr-12481	207	51	strategies	strategy	NOUN
cblr-12481	207	52	.	.	PUNCT
cblr-12481	208	1	this	this	DET
cblr-12481	208	2	position	position	NOUN
cblr-12481	208	3	seeks	seek	VERB
cblr-12481	208	4	governance	governance	NOUN
cblr-12481	208	5	reforms	reform	NOUN
cblr-12481	208	6	that	that	PRON
cblr-12481	208	7	incentivize	incentivize	VERB
cblr-12481	208	8	efficient	efficient	ADJ
cblr-12481	208	9	decision	decision	NOUN
cblr-12481	208	10	-	-	PUNCT
cblr-12481	208	11	making	making	NOUN
cblr-12481	208	12	that	that	PRON
cblr-12481	208	13	serves	serve	VERB
cblr-12481	208	14	shareholders	shareholder	NOUN
cblr-12481	208	15	’	'	PUNCT
cblr-12481	208	16	interests	interest	NOUN
cblr-12481	208	17	while	while	SCONJ
cblr-12481	208	18	also	also	ADV
cblr-12481	208	19	producing	produce	VERB
cblr-12481	208	20	favorable	favorable	ADJ
cblr-12481	208	21	social	social	ADJ
cblr-12481	208	22	externalities	externality	NOUN
cblr-12481	208	23	or	or	CCONJ
cblr-12481	208	24	,	,	PUNCT
cblr-12481	208	25	at	at	ADP
cblr-12481	208	26	least	least	ADJ
cblr-12481	208	27	,	,	PUNCT
cblr-12481	208	28	minimizing	minimize	VERB
cblr-12481	208	29	social	social	ADJ
cblr-12481	208	30	harm	harm	NOUN
cblr-12481	208	31	.	.	PUNCT
cblr-12481	209	1	some	some	DET
cblr-12481	209	2	critics	critic	NOUN
cblr-12481	209	3	argue	argue	VERB
cblr-12481	209	4	that	that	SCONJ
cblr-12481	209	5	this	this	DET
cblr-12481	209	6	interpretation	interpretation	NOUN
cblr-12481	209	7	of	of	ADP
cblr-12481	209	8	“	"	PUNCT
cblr-12481	209	9	enlightened	enlightened	ADJ
cblr-12481	209	10	”	"	PUNCT
cblr-12481	209	11	shareholder	shareholder	NOUN
cblr-12481	209	12	value	value	NOUN
cblr-12481	209	13	is	be	AUX
cblr-12481	209	14	already	already	ADV
cblr-12481	209	15	baked	bake	VERB
cblr-12481	209	16	into	into	ADP
cblr-12481	209	17	managers	manager	NOUN
cblr-12481	209	18	’	’	PART
cblr-12481	209	19	mandate	mandate	NOUN
cblr-12481	209	20	and	and	CCONJ
cblr-12481	209	21	that	that	SCONJ
cblr-12481	209	22	enlightened	enlighten	VERB
cblr-12481	209	23	shareholder	shareholder	NOUN
cblr-12481	209	24	value	value	NOUN
cblr-12481	209	25	is	be	AUX
cblr-12481	209	26	merely	merely	ADV
cblr-12481	209	27	a	a	DET
cblr-12481	209	28	rhetorical	rhetorical	ADJ
cblr-12481	209	29	repackaging	repackaging	NOUN
cblr-12481	209	30	of	of	ADP
cblr-12481	209	31	ordinary	ordinary	ADJ
cblr-12481	209	32	shareholder	shareholder	NOUN
cblr-12481	209	33	primacy.22	primacy.22	NOUN
cblr-12481	209	34	2	2	X
cblr-12481	209	35	.	.	PUNCT
cblr-12481	209	36	stakeholderism	stakeholderism	NOUN
cblr-12481	209	37	the	the	DET
cblr-12481	209	38	foil	foil	NOUN
cblr-12481	209	39	to	to	PART
cblr-12481	209	40	shareholder	shareholder	NOUN
cblr-12481	209	41	primacy	primacy	NOUN
cblr-12481	209	42	is	be	AUX
cblr-12481	209	43	stakeholderism	stakeholderism	NOUN
cblr-12481	209	44	,	,	PUNCT
cblr-12481	209	45	which	which	PRON
cblr-12481	209	46	claims	claim	VERB
cblr-12481	209	47	that	that	SCONJ
cblr-12481	209	48	corporations	corporation	NOUN
cblr-12481	209	49	should	should	AUX
cblr-12481	209	50	be	be	AUX
cblr-12481	209	51	governed	govern	VERB
cblr-12481	209	52	in	in	ADP
cblr-12481	209	53	the	the	DET
cblr-12481	209	54	interests	interest	NOUN
cblr-12481	209	55	of	of	ADP
cblr-12481	209	56	their	their	PRON
cblr-12481	209	57	stakeholders	stakeholder	NOUN
cblr-12481	209	58	.	.	PUNCT
cblr-12481	210	1	interpretations	interpretation	NOUN
cblr-12481	210	2	of	of	ADP
cblr-12481	210	3	“	"	PUNCT
cblr-12481	210	4	stakeholders	stakeholder	NOUN
cblr-12481	210	5	”	"	PUNCT
cblr-12481	210	6	vary	vary	VERB
cblr-12481	210	7	from	from	ADP
cblr-12481	210	8	the	the	DET
cblr-12481	210	9	specific	specific	NOUN
cblr-12481	210	10	to	to	ADP
cblr-12481	210	11	the	the	DET
cblr-12481	210	12	abstract	abstract	NOUN
cblr-12481	210	13	.	.	PUNCT
cblr-12481	211	1	a	a	DET
cblr-12481	211	2	narrow	narrow	ADJ
cblr-12481	211	3	account	account	NOUN
cblr-12481	211	4	is	be	AUX
cblr-12481	211	5	labor	labor	NOUN
cblr-12481	211	6	codetermination	codetermination	NOUN
cblr-12481	211	7	,	,	PUNCT
cblr-12481	211	8	which	which	PRON
cblr-12481	211	9	considers	consider	VERB
cblr-12481	211	10	workers	worker	NOUN
cblr-12481	211	11	to	to	PART
cblr-12481	211	12	be	be	AUX
cblr-12481	211	13	nonequity	nonequity	NOUN
cblr-12481	211	14	investors	investor	NOUN
cblr-12481	211	15	alongside	alongside	ADP
cblr-12481	211	16	traditional	traditional	ADJ
cblr-12481	211	17	investors.23	investors.23	PROPN
cblr-12481	211	18	a	a	DET
cblr-12481	211	19	more	more	ADV
cblr-12481	211	20	abstract	abstract	ADJ
cblr-12481	211	21	account	account	NOUN
cblr-12481	211	22	considers	consider	VERB
cblr-12481	211	23	stakeholders	stakeholder	NOUN
cblr-12481	211	24	to	to	PART
cblr-12481	211	25	include	include	VERB
cblr-12481	211	26	all	all	DET
cblr-12481	211	27	those	those	PRON
cblr-12481	211	28	who	who	PRON
cblr-12481	211	29	are	be	AUX
cblr-12481	211	30	to	to	PART
cblr-12481	211	31	represent	represent	VERB
cblr-12481	211	32	differences	difference	NOUN
cblr-12481	211	33	about	about	ADP
cblr-12481	211	34	how	how	SCONJ
cblr-12481	211	35	the	the	DET
cblr-12481	211	36	company	company	NOUN
cblr-12481	211	37	can	can	AUX
cblr-12481	211	38	best	well	ADV
cblr-12481	211	39	assure	assure	VERB
cblr-12481	211	40	the	the	DET
cblr-12481	211	41	maximization	maximization	NOUN
cblr-12481	211	42	of	of	ADP
cblr-12481	211	43	a	a	DET
cblr-12481	211	44	common	common	ADJ
cblr-12481	211	45	interest	interest	NOUN
cblr-12481	211	46	.	.	PUNCT
cblr-12481	211	47	”	"	PUNCT
cblr-12481	211	48	)	)	PUNCT
cblr-12481	211	49	.	.	PUNCT
cblr-12481	212	1	21	21	NUM
cblr-12481	212	2	see	see	VERB
cblr-12481	212	3	dorothy	dorothy	PROPN
cblr-12481	212	4	s.	s.	PROPN
cblr-12481	212	5	lund	lund	PROPN
cblr-12481	212	6	,	,	PUNCT
cblr-12481	212	7	enlightened	enlighten	VERB
cblr-12481	212	8	shareholder	shareholder	NOUN
cblr-12481	212	9	value	value	NOUN
cblr-12481	212	10	,	,	PUNCT
cblr-12481	212	11	stakeholderism	stakeholderism	NOUN
cblr-12481	212	12	,	,	PUNCT
cblr-12481	212	13	and	and	CCONJ
cblr-12481	212	14	the	the	DET
cblr-12481	212	15	quest	quest	NOUN
cblr-12481	212	16	for	for	ADP
cblr-12481	212	17	managerial	managerial	ADJ
cblr-12481	212	18	accountability	accountability	NOUN
cblr-12481	212	19	,	,	PUNCT
cblr-12481	212	20	in	in	ADP
cblr-12481	212	21	research	research	NOUN
cblr-12481	212	22	handbook	handbook	NOUN
cblr-12481	212	23	on	on	ADP
cblr-12481	212	24	corporate	corporate	ADJ
cblr-12481	212	25	purpose	purpose	NOUN
cblr-12481	212	26	and	and	CCONJ
cblr-12481	212	27	personhood	personhood	NOUN
cblr-12481	212	28	91	91	NUM
cblr-12481	212	29	,	,	PUNCT
cblr-12481	212	30	92	92	NUM
cblr-12481	212	31	(	(	PUNCT
cblr-12481	212	32	elizabeth	elizabeth	PROPN
cblr-12481	212	33	pollman	pollman	PROPN
cblr-12481	212	34	&	&	CCONJ
cblr-12481	212	35	robert	robert	PROPN
cblr-12481	212	36	thompson	thompson	PROPN
cblr-12481	212	37	eds	eds	PROPN
cblr-12481	212	38	.	.	PROPN
cblr-12481	212	39	,	,	PUNCT
cblr-12481	212	40	2021	2021	NUM
cblr-12481	212	41	)	)	PUNCT
cblr-12481	212	42	.	.	PUNCT
cblr-12481	213	1	22	22	NUM
cblr-12481	213	2	see	see	VERB
cblr-12481	213	3	lucian	lucian	PROPN
cblr-12481	213	4	a.	a.	PROPN
cblr-12481	213	5	bebchuk	bebchuk	PROPN
cblr-12481	213	6	&	&	CCONJ
cblr-12481	213	7	roberto	roberto	PROPN
cblr-12481	213	8	tallarita	tallarita	PROPN
cblr-12481	213	9	,	,	PUNCT
cblr-12481	213	10	the	the	DET
cblr-12481	213	11	illusory	illusory	ADJ
cblr-12481	213	12	promise	promise	NOUN
cblr-12481	213	13	of	of	ADP
cblr-12481	213	14	stakeholder	stakeholder	NOUN
cblr-12481	213	15	governance	governance	NOUN
cblr-12481	213	16	,	,	PUNCT
cblr-12481	213	17	106	106	NUM
cblr-12481	213	18	cornell	cornell	PROPN
cblr-12481	213	19	l.	l.	PROPN
cblr-12481	213	20	rev	rev	PROPN
cblr-12481	213	21	.	.	PROPN
cblr-12481	213	22	91	91	NUM
cblr-12481	213	23	,	,	PUNCT
cblr-12481	213	24	110	110	NUM
cblr-12481	213	25	(	(	PUNCT
cblr-12481	213	26	2020	2020	NUM
cblr-12481	213	27	)	)	PUNCT
cblr-12481	213	28	(	(	PUNCT
cblr-12481	213	29	“	"	PUNCT
cblr-12481	213	30	given	give	VERB
cblr-12481	213	31	the	the	DET
cblr-12481	213	32	positive	positive	ADJ
cblr-12481	213	33	connotations	connotation	NOUN
cblr-12481	213	34	of	of	ADP
cblr-12481	213	35	the	the	DET
cblr-12481	213	36	term	term	NOUN
cblr-12481	213	37	‘	'	PUNCT
cblr-12481	213	38	enlightened	enlighten	VERB
cblr-12481	213	39	,	,	PUNCT
cblr-12481	213	40	’	'	PUNCT
cblr-12481	213	41	enlightened	enlighten	VERB
cblr-12481	213	42	shareholder	shareholder	NOUN
cblr-12481	213	43	value	value	NOUN
cblr-12481	213	44	sounds	sound	VERB
cblr-12481	213	45	better	well	ADJ
cblr-12481	213	46	than	than	ADP
cblr-12481	213	47	shareholder	shareholder	NOUN
cblr-12481	213	48	value	value	NOUN
cblr-12481	213	49	.	.	PUNCT
cblr-12481	214	1	however	however	ADV
cblr-12481	214	2	,	,	PUNCT
cblr-12481	214	3	enlightened	enlightened	ADJ
cblr-12481	214	4	shareholder	shareholder	NOUN
cblr-12481	214	5	value	value	NOUN
cblr-12481	214	6	is	be	AUX
cblr-12481	214	7	not	not	PART
cblr-12481	214	8	conceptually	conceptually	ADV
cblr-12481	214	9	different	different	ADJ
cblr-12481	214	10	from	from	ADP
cblr-12481	214	11	the	the	DET
cblr-12481	214	12	‘	'	PUNCT
cblr-12481	214	13	old	old	ADJ
cblr-12481	214	14	-	-	PUNCT
cblr-12481	214	15	fashioned	fashioned	ADJ
cblr-12481	214	16	’	'	PUNCT
cblr-12481	214	17	shareholder	shareholder	NOUN
cblr-12481	214	18	value	value	NOUN
cblr-12481	214	19	.	.	PUNCT
cblr-12481	214	20	.	.	PUNCT
cblr-12481	214	21	.	.	PUNCT
cblr-12481	215	1	.	.	PUNCT
cblr-12481	216	1	in	in	ADP
cblr-12481	216	2	other	other	ADJ
cblr-12481	216	3	words	word	NOUN
cblr-12481	216	4	,	,	PUNCT
cblr-12481	216	5	enlightened	enlightened	ADJ
cblr-12481	216	6	shareholder	shareholder	NOUN
cblr-12481	216	7	value	value	NOUN
cblr-12481	216	8	is	be	AUX
cblr-12481	216	9	only	only	ADV
cblr-12481	216	10	a	a	DET
cblr-12481	216	11	particular	particular	ADJ
cblr-12481	216	12	articulation	articulation	NOUN
cblr-12481	216	13	of	of	ADP
cblr-12481	216	14	shareholder	shareholder	NOUN
cblr-12481	216	15	value	value	NOUN
cblr-12481	216	16	.	.	PUNCT
cblr-12481	216	17	”	"	PUNCT
cblr-12481	216	18	)	)	PUNCT
cblr-12481	216	19	.	.	PUNCT
cblr-12481	217	1	23	23	NUM
cblr-12481	217	2	see	see	VERB
cblr-12481	217	3	kent	kent	PROPN
cblr-12481	217	4	greenfield	greenfield	PROPN
cblr-12481	217	5	,	,	PUNCT
cblr-12481	217	6	reclaiming	reclaim	VERB
cblr-12481	217	7	corporate	corporate	ADJ
cblr-12481	217	8	law	law	NOUN
cblr-12481	217	9	in	in	ADP
cblr-12481	217	10	a	a	DET
cblr-12481	217	11	new	new	ADJ
cblr-12481	217	12	gilded	gild	VERB
cblr-12481	217	13	age	age	NOUN
cblr-12481	217	14	,	,	PUNCT
cblr-12481	217	15	2	2	NUM
cblr-12481	217	16	harv	harv	NOUN
cblr-12481	217	17	.	.	PUNCT
cblr-12481	218	1	l.	l.	PROPN
cblr-12481	218	2	&	&	CCONJ
cblr-12481	218	3	pol’y	pol’y	NOUN
cblr-12481	218	4	rev	rev	VERB
cblr-12481	218	5	.	.	PROPN
cblr-12481	218	6	1	1	NUM
cblr-12481	218	7	,	,	PUNCT
cblr-12481	218	8	24	24	NUM
cblr-12481	218	9	n.83	n.83	PROPN
cblr-12481	218	10	(	(	PUNCT
cblr-12481	218	11	2008	2008	NUM
cblr-12481	218	12	)	)	PUNCT
cblr-12481	218	13	.	.	PUNCT
cblr-12481	219	1	no	no	INTJ
cblr-12481	219	2	.	.	NOUN
cblr-12481	220	1	2	2	NUM
cblr-12481	220	2	]	]	X
cblr-12481	220	3	corporate	corporate	ADJ
cblr-12481	220	4	technocracy	technocracy	NOUN
cblr-12481	220	5	839	839	NUM
cblr-12481	220	6	affected	affect	VERB
cblr-12481	220	7	by	by	ADP
cblr-12481	220	8	its	its	PRON
cblr-12481	220	9	decisions	decision	NOUN
cblr-12481	220	10	and	and	CCONJ
cblr-12481	220	11	operations	operation	NOUN
cblr-12481	220	12	,	,	PUNCT
cblr-12481	220	13	such	such	ADJ
cblr-12481	220	14	as	as	ADP
cblr-12481	220	15	communities	community	NOUN
cblr-12481	220	16	,	,	PUNCT
cblr-12481	220	17	consumers	consumer	NOUN
cblr-12481	220	18	,	,	PUNCT
cblr-12481	220	19	or	or	CCONJ
cblr-12481	220	20	others.24	others.24	VERB
cblr-12481	220	21	proponents	proponent	NOUN
cblr-12481	220	22	of	of	ADP
cblr-12481	220	23	stakeholder	stakeholder	NOUN
cblr-12481	220	24	governance	governance	NOUN
cblr-12481	220	25	defend	defend	VERB
cblr-12481	220	26	their	their	PRON
cblr-12481	220	27	position	position	NOUN
cblr-12481	220	28	on	on	ADP
cblr-12481	220	29	both	both	CCONJ
cblr-12481	220	30	normative	normative	ADJ
cblr-12481	220	31	and	and	CCONJ
cblr-12481	220	32	practical	practical	ADJ
cblr-12481	220	33	grounds	ground	NOUN
cblr-12481	220	34	.	.	PUNCT
cblr-12481	221	1	one	one	NUM
cblr-12481	221	2	normative	normative	ADJ
cblr-12481	221	3	position	position	NOUN
cblr-12481	221	4	begins	begin	VERB
cblr-12481	221	5	from	from	ADP
cblr-12481	221	6	a	a	DET
cblr-12481	221	7	conception	conception	NOUN
cblr-12481	221	8	of	of	ADP
cblr-12481	221	9	the	the	DET
cblr-12481	221	10	corporation	corporation	NOUN
cblr-12481	221	11	as	as	ADP
cblr-12481	221	12	a	a	DET
cblr-12481	221	13	nexus	nexus	NOUN
cblr-12481	221	14	of	of	ADP
cblr-12481	221	15	contracts	contract	NOUN
cblr-12481	221	16	,	,	PUNCT
cblr-12481	221	17	some	some	PRON
cblr-12481	221	18	of	of	ADP
cblr-12481	221	19	them	they	PRON
cblr-12481	221	20	formal	formal	ADJ
cblr-12481	221	21	and	and	CCONJ
cblr-12481	221	22	others	other	NOUN
cblr-12481	221	23	implied	imply	VERB
cblr-12481	221	24	,	,	PUNCT
cblr-12481	221	25	and	and	CCONJ
cblr-12481	221	26	argues	argue	VERB
cblr-12481	221	27	that	that	SCONJ
cblr-12481	221	28	stakeholders	stakeholder	NOUN
cblr-12481	221	29	additional	additional	ADJ
cblr-12481	221	30	to	to	ADP
cblr-12481	221	31	shareholders	shareholder	NOUN
cblr-12481	221	32	have	have	VERB
cblr-12481	221	33	a	a	DET
cblr-12481	221	34	claim	claim	NOUN
cblr-12481	221	35	to	to	ADP
cblr-12481	221	36	corporate	corporate	ADJ
cblr-12481	221	37	benefits.25	benefits.25	NOUN
cblr-12481	221	38	another	another	DET
cblr-12481	221	39	version	version	NOUN
cblr-12481	221	40	grounds	ground	VERB
cblr-12481	221	41	itself	itself	PRON
cblr-12481	221	42	in	in	ADP
cblr-12481	221	43	a	a	DET
cblr-12481	221	44	concession	concession	NOUN
cblr-12481	221	45	theory	theory	NOUN
cblr-12481	221	46	of	of	ADP
cblr-12481	221	47	the	the	DET
cblr-12481	221	48	firm	firm	NOUN
cblr-12481	221	49	and	and	CCONJ
cblr-12481	221	50	argues	argue	VERB
cblr-12481	221	51	that	that	SCONJ
cblr-12481	221	52	the	the	DET
cblr-12481	221	53	corporation	corporation	NOUN
cblr-12481	221	54	is	be	AUX
cblr-12481	221	55	a	a	DET
cblr-12481	221	56	creation	creation	NOUN
cblr-12481	221	57	of	of	ADP
cblr-12481	221	58	the	the	DET
cblr-12481	221	59	state	state	NOUN
cblr-12481	221	60	and	and	CCONJ
cblr-12481	221	61	that	that	SCONJ
cblr-12481	221	62	,	,	PUNCT
cblr-12481	221	63	in	in	ADP
cblr-12481	221	64	exchange	exchange	NOUN
cblr-12481	221	65	for	for	ADP
cblr-12481	221	66	the	the	DET
cblr-12481	221	67	many	many	ADJ
cblr-12481	221	68	public	public	ADJ
cblr-12481	221	69	benefits	benefit	NOUN
cblr-12481	221	70	that	that	PRON
cblr-12481	221	71	it	it	PRON
cblr-12481	221	72	receives	receive	VERB
cblr-12481	221	73	,	,	PUNCT
cblr-12481	221	74	it	it	PRON
cblr-12481	221	75	owes	owe	VERB
cblr-12481	221	76	certain	certain	ADJ
cblr-12481	221	77	obligations	obligation	NOUN
cblr-12481	221	78	to	to	ADP
cblr-12481	221	79	the	the	DET
cblr-12481	221	80	public	public	ADJ
cblr-12481	221	81	interest.26	interest.26	NOUN
cblr-12481	221	82	a	a	DET
cblr-12481	221	83	third	third	ADJ
cblr-12481	221	84	approach	approach	NOUN
cblr-12481	221	85	is	be	AUX
cblr-12481	221	86	pragmatic	pragmatic	ADJ
cblr-12481	221	87	,	,	PUNCT
cblr-12481	221	88	relying	rely	VERB
cblr-12481	221	89	on	on	ADP
cblr-12481	221	90	economic	economic	ADJ
cblr-12481	221	91	reasoning	reasoning	NOUN
cblr-12481	221	92	and	and	CCONJ
cblr-12481	221	93	arguing	argue	VERB
cblr-12481	221	94	that	that	SCONJ
cblr-12481	221	95	a	a	DET
cblr-12481	221	96	firm	firm	NOUN
cblr-12481	221	97	performs	perform	VERB
cblr-12481	221	98	better	well	ADV
cblr-12481	221	99	when	when	SCONJ
cblr-12481	221	100	it	it	PRON
cblr-12481	221	101	accounts	account	VERB
cblr-12481	221	102	for	for	ADP
cblr-12481	221	103	various	various	ADJ
cblr-12481	221	104	stakeholder	stakeholder	NOUN
cblr-12481	221	105	interests	interest	NOUN
cblr-12481	221	106	or	or	CCONJ
cblr-12481	221	107	when	when	SCONJ
cblr-12481	221	108	various	various	ADJ
cblr-12481	221	109	stakeholder	stakeholder	NOUN
cblr-12481	221	110	constituencies	constituency	NOUN
cblr-12481	221	111	are	be	AUX
cblr-12481	221	112	involved	involve	VERB
cblr-12481	221	113	in	in	ADP
cblr-12481	221	114	decision	decision	NOUN
cblr-12481	221	115	-	-	PUNCT
cblr-12481	221	116	making.27	making.27	NOUN
cblr-12481	221	117	24	24	NUM
cblr-12481	221	118	see	see	VERB
cblr-12481	221	119	colin	colin	PROPN
cblr-12481	221	120	mayer	mayer	PROPN
cblr-12481	221	121	,	,	PUNCT
cblr-12481	221	122	shareholderism	shareholderism	NOUN
cblr-12481	221	123	versus	versus	ADP
cblr-12481	221	124	stakeholderism	stakeholderism	NOUN
cblr-12481	221	125	–	–	PUNCT
cblr-12481	221	126	a	a	DET
cblr-12481	221	127	misconceived	misconceived	ADJ
cblr-12481	221	128	contradiction	contradiction	NOUN
cblr-12481	221	129	.	.	PUNCT
cblr-12481	222	1	a	a	DET
cblr-12481	222	2	comment	comment	NOUN
cblr-12481	222	3	on	on	ADP
cblr-12481	222	4	the	the	DET
cblr-12481	222	5	illusory	illusory	ADJ
cblr-12481	222	6	promise	promise	NOUN
cblr-12481	222	7	of	of	ADP
cblr-12481	222	8	stakeholder	stakeholder	NOUN
cblr-12481	222	9	governance	governance	NOUN
cblr-12481	222	10	by	by	ADP
cblr-12481	222	11	lucian	lucian	PROPN
cblr-12481	222	12	bebchuk	bebchuk	PROPN
cblr-12481	222	13	and	and	CCONJ
cblr-12481	222	14	roberto	roberto	PROPN
cblr-12481	222	15	tallarita	tallarita	PROPN
cblr-12481	222	16	1	1	NUM
cblr-12481	222	17	(	(	PUNCT
cblr-12481	222	18	eur	eur	PROPN
cblr-12481	222	19	.	.	PROPN
cblr-12481	222	20	corp	corp	PROPN
cblr-12481	222	21	.	.	PROPN
cblr-12481	222	22	governance	governance	PROPN
cblr-12481	222	23	inst	inst	PROPN
cblr-12481	222	24	.	.	PROPN
cblr-12481	222	25	,	,	PUNCT
cblr-12481	222	26	working	work	VERB
cblr-12481	222	27	paper	paper	NOUN
cblr-12481	222	28	no	no	INTJ
cblr-12481	222	29	.	.	NOUN
cblr-12481	222	30	522	522	NUM
cblr-12481	222	31	,	,	PUNCT
cblr-12481	222	32	2020	2020	NUM
cblr-12481	222	33	)	)	PUNCT
cblr-12481	222	34	(	(	PUNCT
cblr-12481	222	35	explaining	explain	VERB
cblr-12481	222	36	that	that	SCONJ
cblr-12481	222	37	“	"	PUNCT
cblr-12481	222	38	‘	'	PUNCT
cblr-12481	222	39	stakeholderism’	stakeholderism’	NOUN
cblr-12481	222	40	…	…	SYM
cblr-12481	222	41	[is	[is	X
cblr-12481	222	42	]	]	X
cblr-12481	222	43	the	the	DET
cblr-12481	222	44	idea	idea	NOUN
cblr-12481	222	45	of	of	ADP
cblr-12481	222	46	promoting	promote	VERB
cblr-12481	222	47	the	the	DET
cblr-12481	222	48	interests	interest	NOUN
cblr-12481	222	49	of	of	ADP
cblr-12481	222	50	the	the	DET
cblr-12481	222	51	stakeholders	stakeholder	NOUN
cblr-12481	222	52	of	of	ADP
cblr-12481	222	53	a	a	DET
cblr-12481	222	54	firm	firm	NOUN
cblr-12481	222	55	(	(	PUNCT
cblr-12481	222	56	its	its	PRON
cblr-12481	222	57	customers	customer	NOUN
cblr-12481	222	58	,	,	PUNCT
cblr-12481	222	59	employees	employee	NOUN
cblr-12481	222	60	,	,	PUNCT
cblr-12481	222	61	suppliers	supplier	NOUN
cblr-12481	222	62	,	,	PUNCT
cblr-12481	222	63	societies	society	NOUN
cblr-12481	222	64	,	,	PUNCT
cblr-12481	222	65	and	and	CCONJ
cblr-12481	222	66	the	the	DET
cblr-12481	222	67	environment	environment	NOUN
cblr-12481	222	68	)	)	PUNCT
cblr-12481	222	69	”	"	PUNCT
cblr-12481	222	70	)	)	PUNCT
cblr-12481	222	71	.	.	PUNCT
cblr-12481	223	1	25	25	NUM
cblr-12481	223	2	see	see	VERB
cblr-12481	223	3	,	,	PUNCT
cblr-12481	223	4	e.g.	e.g.	ADV
cblr-12481	223	5	,	,	PUNCT
cblr-12481	223	6	kent	kent	PROPN
cblr-12481	223	7	greenfield	greenfield	NOUN
cblr-12481	223	8	,	,	PUNCT
cblr-12481	223	9	defending	defend	VERB
cblr-12481	223	10	stakeholder	stakeholder	NOUN
cblr-12481	223	11	governance	governance	NOUN
cblr-12481	223	12	,	,	PUNCT
cblr-12481	223	13	58	58	NUM
cblr-12481	223	14	case	case	NOUN
cblr-12481	223	15	w.	w.	NOUN
cblr-12481	223	16	rsrv	rsrv	VERB
cblr-12481	223	17	.	.	PUNCT
cblr-12481	224	1	l.	l.	PROPN
cblr-12481	224	2	rev	rev	PROPN
cblr-12481	224	3	.	.	PROPN
cblr-12481	224	4	1043	1043	NUM
cblr-12481	224	5	,	,	PUNCT
cblr-12481	224	6	1057–58	1057–58	NUM
cblr-12481	224	7	(	(	PUNCT
cblr-12481	224	8	2008	2008	NUM
cblr-12481	224	9	)	)	PUNCT
cblr-12481	224	10	(	(	PUNCT
cblr-12481	224	11	“	"	PUNCT
cblr-12481	224	12	some	some	DET
cblr-12481	224	13	employees	employee	NOUN
cblr-12481	224	14	’	’	PART
cblr-12481	224	15	wage	wage	NOUN
cblr-12481	224	16	and	and	CCONJ
cblr-12481	224	17	salary	salary	NOUN
cblr-12481	224	18	claims	claim	NOUN
cblr-12481	224	19	(	(	PUNCT
cblr-12481	224	20	though	though	SCONJ
cblr-12481	224	21	not	not	PART
cblr-12481	224	22	all	all	PRON
cblr-12481	224	23	)	)	PUNCT
cblr-12481	224	24	may	may	AUX
cblr-12481	224	25	be	be	AUX
cblr-12481	224	26	fixed	fix	VERB
cblr-12481	224	27	in	in	ADP
cblr-12481	224	28	the	the	DET
cblr-12481	224	29	short	short	ADJ
cblr-12481	224	30	term	term	NOUN
cblr-12481	224	31	,	,	PUNCT
cblr-12481	224	32	but	but	CCONJ
cblr-12481	224	33	employees	employee	NOUN
cblr-12481	224	34	also	also	ADV
cblr-12481	224	35	have	have	VERB
cblr-12481	224	36	both	both	CCONJ
cblr-12481	224	37	implicit	implicit	ADJ
cblr-12481	224	38	and	and	CCONJ
cblr-12481	224	39	explicit	explicit	ADJ
cblr-12481	224	40	claims	claim	NOUN
cblr-12481	224	41	against	against	ADP
cblr-12481	224	42	the	the	DET
cblr-12481	224	43	enterprise	enterprise	NOUN
cblr-12481	224	44	that	that	PRON
cblr-12481	224	45	are	be	AUX
cblr-12481	224	46	more	more	ADV
cblr-12481	224	47	valuable	valuable	ADJ
cblr-12481	224	48	when	when	SCONJ
cblr-12481	224	49	the	the	DET
cblr-12481	224	50	company	company	NOUN
cblr-12481	224	51	does	do	AUX
cblr-12481	224	52	well	well	ADV
cblr-12481	224	53	and	and	CCONJ
cblr-12481	224	54	are	be	AUX
cblr-12481	224	55	worth	worth	ADJ
cblr-12481	224	56	less	less	ADV
cblr-12481	224	57	(	(	PUNCT
cblr-12481	224	58	or	or	CCONJ
cblr-12481	224	59	nothing	nothing	PRON
cblr-12481	224	60	)	)	PUNCT
cblr-12481	224	61	when	when	SCONJ
cblr-12481	224	62	the	the	DET
cblr-12481	224	63	company	company	NOUN
cblr-12481	224	64	does	do	VERB
cblr-12481	224	65	poorly	poorly	ADV
cblr-12481	224	66	.	.	PUNCT
cblr-12481	224	67	”	"	PUNCT
cblr-12481	224	68	)	)	PUNCT
cblr-12481	224	69	.	.	PUNCT
cblr-12481	225	1	26	26	NUM
cblr-12481	225	2	see	see	VERB
cblr-12481	225	3	,	,	PUNCT
cblr-12481	225	4	e.g.	e.g.	ADV
cblr-12481	225	5	,	,	PUNCT
cblr-12481	225	6	reza	reza	PROPN
cblr-12481	225	7	dibadj	dibadj	PROPN
cblr-12481	225	8	,	,	PUNCT
cblr-12481	225	9	(	(	PUNCT
cblr-12481	225	10	mis)conceptions	mis)conception	NOUN
cblr-12481	225	11	of	of	ADP
cblr-12481	225	12	the	the	DET
cblr-12481	225	13	corporation	corporation	NOUN
cblr-12481	225	14	,	,	PUNCT
cblr-12481	225	15	29	29	NUM
cblr-12481	225	16	ga	ga	PROPN
cblr-12481	225	17	.	.	PROPN
cblr-12481	225	18	st	st	PROPN
cblr-12481	225	19	.	.	PROPN
cblr-12481	225	20	u.	u.	PROPN
cblr-12481	225	21	l.	l.	PROPN
cblr-12481	225	22	rev	rev	PROPN
cblr-12481	225	23	.	.	PROPN
cblr-12481	225	24	731	731	NUM
cblr-12481	225	25	,	,	PUNCT
cblr-12481	225	26	775–78	775–78	NUM
cblr-12481	225	27	(	(	PUNCT
cblr-12481	225	28	2013	2013	NUM
cblr-12481	225	29	)	)	PUNCT
cblr-12481	225	30	(	(	PUNCT
cblr-12481	225	31	“	"	PUNCT
cblr-12481	225	32	it	it	PRON
cblr-12481	225	33	is	be	AUX
cblr-12481	225	34	difficult	difficult	ADJ
cblr-12481	225	35	to	to	PART
cblr-12481	225	36	deny	deny	VERB
cblr-12481	225	37	the	the	DET
cblr-12481	225	38	basic	basic	ADJ
cblr-12481	225	39	premise	premise	NOUN
cblr-12481	225	40	that	that	SCONJ
cblr-12481	225	41	corporations	corporation	NOUN
cblr-12481	225	42	are	be	AUX
cblr-12481	225	43	created	create	VERB
cblr-12481	225	44	by	by	ADP
cblr-12481	225	45	the	the	DET
cblr-12481	225	46	state	state	NOUN
cblr-12481	225	47	as	as	ADP
cblr-12481	225	48	a	a	DET
cblr-12481	225	49	means	means	NOUN
cblr-12481	225	50	of	of	ADP
cblr-12481	225	51	furthering	further	VERB
cblr-12481	225	52	the	the	DET
cblr-12481	225	53	public	public	ADJ
cblr-12481	225	54	welfare	welfare	NOUN
cblr-12481	225	55	.	.	PUNCT
cblr-12481	225	56	”	"	PUNCT
cblr-12481	225	57	)	)	PUNCT
cblr-12481	225	58	(	(	PUNCT
cblr-12481	225	59	citation	citation	NOUN
cblr-12481	225	60	omitted	omit	VERB
cblr-12481	225	61	)	)	PUNCT
cblr-12481	225	62	;	;	PUNCT
cblr-12481	225	63	william	william	PROPN
cblr-12481	225	64	w.	w.	PROPN
cblr-12481	225	65	bratton	bratton	PROPN
cblr-12481	225	66	,	,	PUNCT
cblr-12481	225	67	jr	jr	PROPN
cblr-12481	225	68	.	.	PROPN
cblr-12481	225	69	,	,	PUNCT
cblr-12481	225	70	the	the	DET
cblr-12481	225	71	new	new	ADJ
cblr-12481	225	72	economic	economic	ADJ
cblr-12481	225	73	theory	theory	NOUN
cblr-12481	225	74	of	of	ADP
cblr-12481	225	75	the	the	DET
cblr-12481	225	76	firm	firm	NOUN
cblr-12481	225	77	:	:	PUNCT
cblr-12481	225	78	critical	critical	ADJ
cblr-12481	225	79	perspectives	perspective	NOUN
cblr-12481	225	80	from	from	ADP
cblr-12481	225	81	history	history	NOUN
cblr-12481	225	82	,	,	PUNCT
cblr-12481	225	83	41	41	NUM
cblr-12481	225	84	stan	stan	PROPN
cblr-12481	225	85	.	.	PUNCT
cblr-12481	226	1	l.	l.	PROPN
cblr-12481	226	2	rev	rev	PROPN
cblr-12481	226	3	.	.	PROPN
cblr-12481	226	4	1471	1471	NUM
cblr-12481	226	5	,	,	PUNCT
cblr-12481	226	6	1475	1475	NUM
cblr-12481	226	7	(	(	PUNCT
cblr-12481	226	8	1989	1989	NUM
cblr-12481	226	9	)	)	PUNCT
cblr-12481	226	10	(	(	PUNCT
cblr-12481	226	11	“	"	PUNCT
cblr-12481	226	12	concession	concession	NOUN
cblr-12481	226	13	theory	theory	NOUN
cblr-12481	226	14	.	.	PUNCT
cblr-12481	226	15	.	.	PUNCT
cblr-12481	227	1	.	.	PUNCT
cblr-12481	228	1	attributes	attribute	VERB
cblr-12481	228	2	the	the	DET
cblr-12481	228	3	corporation	corporation	NOUN
cblr-12481	228	4	’s	’s	PART
cblr-12481	228	5	very	very	ADJ
cblr-12481	228	6	existence	existence	NOUN
cblr-12481	228	7	to	to	ADP
cblr-12481	228	8	state	state	NOUN
cblr-12481	228	9	sponsorship	sponsorship	NOUN
cblr-12481	228	10	.	.	PUNCT
cblr-12481	228	11	”	"	PUNCT
cblr-12481	228	12	)	)	PUNCT
cblr-12481	228	13	.	.	PUNCT
cblr-12481	229	1	27	27	NUM
cblr-12481	229	2	see	see	VERB
cblr-12481	229	3	,	,	PUNCT
cblr-12481	229	4	e.g.	e.g.	ADV
cblr-12481	229	5	,	,	PUNCT
cblr-12481	229	6	dame	dame	NOUN
cblr-12481	229	7	vivian	vivian	PROPN
cblr-12481	229	8	hunt	hunt	PROPN
cblr-12481	229	9	et	et	PROPN
cblr-12481	229	10	al	al	PROPN
cblr-12481	229	11	.	.	PROPN
cblr-12481	229	12	,	,	PUNCT
cblr-12481	229	13	the	the	DET
cblr-12481	229	14	case	case	NOUN
cblr-12481	229	15	for	for	ADP
cblr-12481	229	16	stakeholder	stakeholder	NOUN
cblr-12481	229	17	capitalism	capitalism	NOUN
cblr-12481	229	18	,	,	PUNCT
cblr-12481	229	19	mckinsey	mckinsey	NOUN
cblr-12481	229	20	&	&	CCONJ
cblr-12481	229	21	co.	co.	PROPN
cblr-12481	229	22	,	,	PUNCT
cblr-12481	229	23	nov	nov	PROPN
cblr-12481	229	24	.	.	PROPN
cblr-12481	229	25	12	12	NUM
cblr-12481	229	26	,	,	PUNCT
cblr-12481	229	27	2020	2020	NUM
cblr-12481	229	28	,	,	PUNCT
cblr-12481	229	29	https://www.mckinsey.com/businessfunctions/strategy-and-corporate-finance/our-insights/the-case-for-stakeholder-capitalism	https://www.mckinsey.com/businessfunctions/strategy-and-corporate-finance/our-insights/the-case-for-stakeholder-capitalism	NOUN
cblr-12481	230	1	[	[	X
cblr-12481	230	2	https://perma.cc/66y4-upvj	https://perma.cc/66y4-upvj	X
cblr-12481	230	3	]	]	X
cblr-12481	230	4	(	(	PUNCT
cblr-12481	230	5	“	"	PUNCT
cblr-12481	230	6	in	in	ADP
cblr-12481	230	7	a	a	DET
cblr-12481	230	8	study	study	NOUN
cblr-12481	230	9	that	that	PRON
cblr-12481	230	10	looked	look	VERB
cblr-12481	230	11	at	at	ADP
cblr-12481	230	12	615	615	NUM
cblr-12481	230	13	largeand	largeand	ADJ
cblr-12481	230	14	mid	mid	NOUN
cblr-12481	230	15	-	-	NOUN
cblr-12481	230	16	cap	cap	NOUN
cblr-12481	230	17	us	we	PRON
cblr-12481	230	18	publicly	publicly	ADV
cblr-12481	230	19	listed	list	VERB
cblr-12481	230	20	companies	company	NOUN
cblr-12481	230	21	from	from	ADP
cblr-12481	230	22	2001–15	2001–15	NUM
cblr-12481	230	23	.	.	PUNCT
cblr-12481	230	24	.	.	PUNCT
cblr-12481	230	25	.	.	PUNCT
cblr-12481	231	1	[	[	X
cblr-12481	231	2	companies	company	NOUN
cblr-12481	231	3	that	that	PRON
cblr-12481	231	4	emphasized	emphasize	VERB
cblr-12481	231	5	stakeholder	stakeholder	NOUN
cblr-12481	231	6	capitalism	capitalism	NOUN
cblr-12481	231	7	]	]	PUNCT
cblr-12481	231	8	outperformed	outperform	VERB
cblr-12481	231	9	the	the	DET
cblr-12481	231	10	rest	rest	NOUN
cblr-12481	231	11	in	in	ADP
cblr-12481	231	12	earnings	earning	NOUN
cblr-12481	231	13	,	,	PUNCT
cblr-12481	231	14	revenue	revenue	NOUN
cblr-12481	231	15	,	,	PUNCT
cblr-12481	231	16	investment	investment	NOUN
cblr-12481	231	17	,	,	PUNCT
cblr-12481	231	18	and	and	CCONJ
cblr-12481	231	19	job	job	NOUN
cblr-12481	231	20	growth	growth	NOUN
cblr-12481	231	21	.	.	PUNCT
cblr-12481	231	22	”	"	PUNCT
cblr-12481	231	23	)	)	PUNCT
cblr-12481	231	24	.	.	PUNCT
cblr-12481	232	1	840	840	NUM
cblr-12481	232	2	columbia	columbia	PROPN
cblr-12481	232	3	business	business	NOUN
cblr-12481	232	4	law	law	PROPN
cblr-12481	232	5	review	review	NOUN
cblr-12481	232	6	[	[	X
cblr-12481	232	7	vol	vol	NOUN
cblr-12481	232	8	.	.	PUNCT
cblr-12481	233	1	2023	2023	NUM
cblr-12481	233	2	b.	b.	PROPN
cblr-12481	233	3	the	the	DET
cblr-12481	233	4	means	mean	NOUN
cblr-12481	233	5	of	of	ADP
cblr-12481	233	6	esg	esg	PROPN
cblr-12481	233	7	a	a	DET
cblr-12481	233	8	corporation	corporation	NOUN
cblr-12481	233	9	’s	’s	PART
cblr-12481	233	10	purpose	purpose	NOUN
cblr-12481	233	11	is	be	AUX
cblr-12481	233	12	implemented	implement	VERB
cblr-12481	233	13	and	and	CCONJ
cblr-12481	233	14	optimized	optimize	VERB
cblr-12481	233	15	through	through	ADP
cblr-12481	233	16	its	its	PRON
cblr-12481	233	17	governance	governance	NOUN
cblr-12481	233	18	arrangement	arrangement	NOUN
cblr-12481	233	19	.	.	PUNCT
cblr-12481	234	1	modern	modern	ADJ
cblr-12481	234	2	corporate	corporate	ADJ
cblr-12481	234	3	governance	governance	NOUN
cblr-12481	234	4	is	be	AUX
cblr-12481	234	5	concerned	concern	VERB
cblr-12481	234	6	with	with	ADP
cblr-12481	234	7	allocating	allocate	VERB
cblr-12481	234	8	decision	decision	NOUN
cblr-12481	234	9	-	-	PUNCT
cblr-12481	234	10	making	make	VERB
cblr-12481	234	11	power	power	NOUN
cblr-12481	234	12	between	between	ADP
cblr-12481	234	13	a	a	DET
cblr-12481	234	14	corporation	corporation	NOUN
cblr-12481	234	15	’s	’s	PART
cblr-12481	234	16	principals	principal	NOUN
cblr-12481	234	17	,	,	PUNCT
cblr-12481	234	18	its	its	PRON
cblr-12481	234	19	shareholders	shareholder	NOUN
cblr-12481	234	20	,	,	PUNCT
cblr-12481	234	21	and	and	CCONJ
cblr-12481	234	22	their	their	PRON
cblr-12481	234	23	agents	agent	NOUN
cblr-12481	234	24	,	,	PUNCT
cblr-12481	234	25	directors	director	NOUN
cblr-12481	234	26	and	and	CCONJ
cblr-12481	234	27	managers	manager	NOUN
cblr-12481	234	28	,	,	PUNCT
cblr-12481	234	29	to	to	PART
cblr-12481	234	30	maximize	maximize	VERB
cblr-12481	234	31	efficiency	efficiency	NOUN
cblr-12481	234	32	.	.	PUNCT
cblr-12481	235	1	though	though	SCONJ
cblr-12481	235	2	the	the	DET
cblr-12481	235	3	term	term	NOUN
cblr-12481	235	4	corporate	corporate	ADJ
cblr-12481	235	5	governance	governance	NOUN
cblr-12481	235	6	dates	date	VERB
cblr-12481	235	7	back	back	ADV
cblr-12481	235	8	to	to	ADP
cblr-12481	235	9	the	the	DET
cblr-12481	235	10	early	early	ADJ
cblr-12481	235	11	1960s,28	1960s,28	NUM
cblr-12481	235	12	by	by	ADP
cblr-12481	235	13	the	the	DET
cblr-12481	235	14	1980s	1980	NOUN
cblr-12481	235	15	it	it	PRON
cblr-12481	235	16	has	have	AUX
cblr-12481	235	17	been	be	AUX
cblr-12481	235	18	captured	capture	VERB
cblr-12481	235	19	by	by	ADP
cblr-12481	235	20	an	an	DET
cblr-12481	235	21	agency	agency	NOUN
cblr-12481	235	22	framework.29	framework.29	NOUN
cblr-12481	235	23	in	in	ADP
cblr-12481	235	24	the	the	DET
cblr-12481	235	25	corporate	corporate	ADJ
cblr-12481	235	26	governance	governance	NOUN
cblr-12481	235	27	machine	machine	NOUN
cblr-12481	235	28	,	,	PUNCT
cblr-12481	235	29	dorothy	dorothy	PROPN
cblr-12481	235	30	lund	lund	PROPN
cblr-12481	235	31	and	and	CCONJ
cblr-12481	235	32	elizabeth	elizabeth	PROPN
cblr-12481	235	33	pollman	pollman	PROPN
cblr-12481	235	34	observe	observe	VERB
cblr-12481	235	35	that	that	SCONJ
cblr-12481	235	36	corporate	corporate	ADJ
cblr-12481	235	37	governance	governance	NOUN
cblr-12481	235	38	is	be	AUX
cblr-12481	235	39	grounded	ground	VERB
cblr-12481	235	40	in	in	ADP
cblr-12481	235	41	a	a	DET
cblr-12481	235	42	shareholder	shareholder	NOUN
cblr-12481	235	43	value	value	NOUN
cblr-12481	235	44	framework	framework	NOUN
cblr-12481	235	45	and	and	CCONJ
cblr-12481	235	46	that	that	SCONJ
cblr-12481	235	47	related	related	ADJ
cblr-12481	235	48	reforms	reform	NOUN
cblr-12481	235	49	remain	remain	VERB
cblr-12481	235	50	consistent	consistent	ADJ
cblr-12481	235	51	with	with	ADP
cblr-12481	235	52	this	this	DET
cblr-12481	235	53	ideology.30	ideology.30	NOUN
cblr-12481	235	54	accordingly	accordingly	ADV
cblr-12481	235	55	,	,	PUNCT
cblr-12481	235	56	contemporary	contemporary	ADJ
cblr-12481	235	57	scholarship	scholarship	NOUN
cblr-12481	235	58	and	and	CCONJ
cblr-12481	235	59	policy	policy	NOUN
cblr-12481	235	60	reform	reform	NOUN
cblr-12481	235	61	focus	focus	VERB
cblr-12481	235	62	on	on	ADP
cblr-12481	235	63	minimizing	minimize	VERB
cblr-12481	235	64	costs	cost	NOUN
cblr-12481	235	65	between	between	ADP
cblr-12481	235	66	shareholder	shareholder	NOUN
cblr-12481	235	67	principals	principal	NOUN
cblr-12481	235	68	and	and	CCONJ
cblr-12481	235	69	managerial	managerial	ADJ
cblr-12481	235	70	agents	agent	NOUN
cblr-12481	235	71	,	,	PUNCT
cblr-12481	235	72	deterring	deter	VERB
cblr-12481	235	73	rent	rent	NOUN
cblr-12481	235	74	-	-	PUNCT
cblr-12481	235	75	seeking	seeking	NOUN
cblr-12481	235	76	,	,	PUNCT
cblr-12481	235	77	and	and	CCONJ
cblr-12481	235	78	optimizing	optimize	VERB
cblr-12481	235	79	incentives	incentive	NOUN
cblr-12481	235	80	alignment	alignment	NOUN
cblr-12481	235	81	towards	towards	ADP
cblr-12481	235	82	a	a	DET
cblr-12481	235	83	more	more	ADV
cblr-12481	235	84	efficient	efficient	ADJ
cblr-12481	235	85	corporate	corporate	ADJ
cblr-12481	235	86	pursuit	pursuit	NOUN
cblr-12481	235	87	of	of	ADP
cblr-12481	235	88	profit.31	profit.31	NOUN
cblr-12481	235	89	within	within	ADP
cblr-12481	235	90	corporate	corporate	ADJ
cblr-12481	235	91	governance	governance	NOUN
cblr-12481	235	92	scholarship	scholarship	NOUN
cblr-12481	235	93	,	,	PUNCT
cblr-12481	235	94	one	one	NUM
cblr-12481	235	95	major	major	ADJ
cblr-12481	235	96	position	position	NOUN
cblr-12481	235	97	lobbies	lobby	NOUN
cblr-12481	235	98	for	for	ADP
cblr-12481	235	99	increasing	increase	VERB
cblr-12481	235	100	shareholder	shareholder	NOUN
cblr-12481	235	101	power	power	NOUN
cblr-12481	235	102	and	and	CCONJ
cblr-12481	235	103	granting	grant	VERB
cblr-12481	235	104	them	they	PRON
cblr-12481	235	105	a	a	DET
cblr-12481	235	106	greater	great	ADJ
cblr-12481	235	107	role	role	NOUN
cblr-12481	235	108	in	in	ADP
cblr-12481	235	109	overseeing	oversee	VERB
cblr-12481	235	110	and	and	CCONJ
cblr-12481	235	111	disciplining	discipline	VERB
cblr-12481	235	112	managerial	managerial	ADJ
cblr-12481	235	113	waste.32	waste.32	PROPN
cblr-12481	235	114	a	a	DET
cblr-12481	235	115	second	second	ADJ
cblr-12481	235	116	major	major	ADJ
cblr-12481	235	117	position	position	NOUN
cblr-12481	235	118	lobbies	lobby	NOUN
cblr-12481	235	119	for	for	ADP
cblr-12481	235	120	increasing	increase	VERB
cblr-12481	235	121	management	management	NOUN
cblr-12481	235	122	’s	’s	PART
cblr-12481	235	123	power	power	NOUN
cblr-12481	235	124	to	to	PART
cblr-12481	235	125	privilege	privilege	VERB
cblr-12481	235	126	their	their	PRON
cblr-12481	235	127	expertise	expertise	NOUN
cblr-12481	235	128	and	and	CCONJ
cblr-12481	235	129	limit	limit	VERB
cblr-12481	235	130	shareholder	shareholder	NOUN
cblr-12481	235	131	micromanagement.33	micromanagement.33	PROPN
cblr-12481	235	132	those	those	PRON
cblr-12481	235	133	who	who	PRON
cblr-12481	235	134	advance	advance	VERB
cblr-12481	235	135	greater	great	ADJ
cblr-12481	235	136	shareholder	shareholder	NOUN
cblr-12481	235	137	control	control	NOUN
cblr-12481	235	138	rights	right	NOUN
cblr-12481	235	139	favor	favor	VERB
cblr-12481	235	140	governance	governance	NOUN
cblr-12481	235	141	reforms	reform	NOUN
cblr-12481	235	142	that	that	PRON
cblr-12481	235	143	grant	grant	VERB
cblr-12481	235	144	shareholders	shareholder	NOUN
cblr-12481	235	145	more	more	ADV
cblr-12481	235	146	direct	direct	ADJ
cblr-12481	235	147	involvement	involvement	NOUN
cblr-12481	235	148	in	in	ADP
cblr-12481	235	149	major	major	ADJ
cblr-12481	235	150	corporate	corporate	ADJ
cblr-12481	235	151	decisions	decision	NOUN
cblr-12481	235	152	,	,	PUNCT
cblr-12481	235	153	including	include	VERB
cblr-12481	235	154	the	the	DET
cblr-12481	235	155	power	power	NOUN
cblr-12481	235	156	to	to	PART
cblr-12481	235	157	amend	amend	VERB
cblr-12481	235	158	a	a	DET
cblr-12481	235	159	corporate	corporate	ADJ
cblr-12481	235	160	28	28	NUM
cblr-12481	235	161	dorothy	dorothy	PROPN
cblr-12481	235	162	s.	s.	PROPN
cblr-12481	235	163	lund	lund	PROPN
cblr-12481	235	164	&	&	CCONJ
cblr-12481	235	165	elizabeth	elizabeth	PROPN
cblr-12481	235	166	pollman	pollman	PROPN
cblr-12481	235	167	attribute	attribute	VERB
cblr-12481	235	168	the	the	DET
cblr-12481	235	169	term	term	NOUN
cblr-12481	235	170	’s	’s	PART
cblr-12481	235	171	origins	origin	NOUN
cblr-12481	235	172	to	to	PART
cblr-12481	235	173	richard	richard	PROPN
cblr-12481	235	174	eell	eell	PROPN
cblr-12481	235	175	’s	’s	PART
cblr-12481	235	176	1962	1962	NUM
cblr-12481	235	177	book	book	NOUN
cblr-12481	235	178	“	"	PUNCT
cblr-12481	235	179	government	government	NOUN
cblr-12481	235	180	of	of	ADP
cblr-12481	235	181	corporations	corporation	NOUN
cblr-12481	235	182	.	.	PUNCT
cblr-12481	235	183	”	"	PUNCT
cblr-12481	236	1	the	the	DET
cblr-12481	236	2	corporate	corporate	ADJ
cblr-12481	236	3	governance	governance	NOUN
cblr-12481	236	4	machine	machine	NOUN
cblr-12481	236	5	,	,	PUNCT
cblr-12481	236	6	121	121	NUM
cblr-12481	236	7	colum	colum	NOUN
cblr-12481	236	8	.	.	PUNCT
cblr-12481	237	1	l.	l.	PROPN
cblr-12481	237	2	rev	rev	PROPN
cblr-12481	237	3	.	.	PROPN
cblr-12481	237	4	2563	2563	NUM
cblr-12481	237	5	,	,	PUNCT
cblr-12481	237	6	2571	2571	NUM
cblr-12481	237	7	n.32	n.32	VERB
cblr-12481	237	8	(	(	PUNCT
cblr-12481	237	9	2021	2021	NUM
cblr-12481	237	10	)	)	PUNCT
cblr-12481	237	11	.	.	PUNCT
cblr-12481	238	1	29	29	NUM
cblr-12481	239	1	i	i	PRON
cblr-12481	239	2	d.	d.	VERB
cblr-12481	239	3	at	at	ADP
cblr-12481	239	4	2573–74	2573–74	NUM
cblr-12481	239	5	.	.	PUNCT
cblr-12481	240	1	30	30	NUM
cblr-12481	241	1	i	i	PRON
cblr-12481	241	2	d.	d.	NOUN
cblr-12481	241	3	at	at	ADP
cblr-12481	241	4	2575–78	2575–78	NOUN
cblr-12481	241	5	.	.	PUNCT
cblr-12481	241	6	31	31	NUM
cblr-12481	242	1	i	i	PRON
cblr-12481	242	2	d.	d.	PROPN
cblr-12481	242	3	at	at	ADP
cblr-12481	242	4	2603–05	2603–05	NUM
cblr-12481	242	5	.	.	PUNCT
cblr-12481	243	1	32	32	NUM
cblr-12481	243	2	see	see	VERB
cblr-12481	243	3	,	,	PUNCT
cblr-12481	243	4	e.g.	e.g.	ADV
cblr-12481	243	5	,	,	PUNCT
cblr-12481	243	6	lucian	lucian	PROPN
cblr-12481	243	7	arye	arye	PROPN
cblr-12481	243	8	bebchuk	bebchuk	PROPN
cblr-12481	243	9	,	,	PUNCT
cblr-12481	243	10	the	the	DET
cblr-12481	243	11	case	case	NOUN
cblr-12481	243	12	for	for	ADP
cblr-12481	243	13	increasing	increase	VERB
cblr-12481	243	14	shareholder	shareholder	NOUN
cblr-12481	243	15	power	power	NOUN
cblr-12481	243	16	,	,	PUNCT
cblr-12481	243	17	118	118	NUM
cblr-12481	243	18	harv	harv	NOUN
cblr-12481	243	19	.	.	PUNCT
cblr-12481	244	1	l.	l.	PROPN
cblr-12481	244	2	rev	rev	PROPN
cblr-12481	244	3	.	.	PROPN
cblr-12481	244	4	833	833	NUM
cblr-12481	244	5	,	,	PUNCT
cblr-12481	244	6	899	899	NUM
cblr-12481	244	7	(	(	PUNCT
cblr-12481	244	8	2005	2005	NUM
cblr-12481	244	9	)	)	PUNCT
cblr-12481	244	10	(	(	PUNCT
cblr-12481	244	11	“	"	PUNCT
cblr-12481	244	12	permitting	permit	VERB
cblr-12481	244	13	shareholder	shareholder	NOUN
cblr-12481	244	14	intervention	intervention	NOUN
cblr-12481	244	15	would	would	AUX
cblr-12481	244	16	thus	thus	ADV
cblr-12481	244	17	reduce	reduce	VERB
cblr-12481	244	18	the	the	DET
cblr-12481	244	19	agency	agency	NOUN
cblr-12481	244	20	costs	cost	NOUN
cblr-12481	244	21	.	.	PUNCT
cblr-12481	244	22	.	.	PUNCT
cblr-12481	244	23	.	.	PUNCT
cblr-12481	245	1	[	[	AUX
cblr-12481	245	2	and	and	CCONJ
cblr-12481	245	3	address	address	VERB
cblr-12481	245	4	the	the	DET
cblr-12481	245	5	]	]	X
cblr-12481	245	6	insulation	insulation	NOUN
cblr-12481	245	7	[	[	X
cblr-12481	245	8	that	that	PRON
cblr-12481	245	9	]	]	PUNCT
cblr-12481	245	10	weakens	weaken	VERB
cblr-12481	245	11	incentives	incentive	NOUN
cblr-12481	245	12	to	to	PART
cblr-12481	245	13	avoid	avoid	VERB
cblr-12481	245	14	managerial	managerial	ADJ
cblr-12481	245	15	slack	slack	NOUN
cblr-12481	245	16	.	.	PUNCT
cblr-12481	245	17	”	"	PUNCT
cblr-12481	245	18	)	)	PUNCT
cblr-12481	245	19	.	.	PUNCT
cblr-12481	246	1	33	33	NUM
cblr-12481	246	2	see	see	VERB
cblr-12481	246	3	,	,	PUNCT
cblr-12481	246	4	e.g.	e.g.	ADV
cblr-12481	246	5	,	,	PUNCT
cblr-12481	246	6	stephen	stephen	PROPN
cblr-12481	246	7	m.	m.	PROPN
cblr-12481	246	8	bainbridge	bainbridge	PROPN
cblr-12481	246	9	,	,	PUNCT
cblr-12481	246	10	director	director	NOUN
cblr-12481	246	11	primacy	primacy	NOUN
cblr-12481	246	12	(	(	PUNCT
cblr-12481	246	13	ucla	ucla	PROPN
cblr-12481	246	14	sch	sch	PROPN
cblr-12481	246	15	.	.	PROPN
cblr-12481	246	16	of	of	ADP
cblr-12481	246	17	l.	l.	PROPN
cblr-12481	246	18	,	,	PUNCT
cblr-12481	246	19	l.	l.	PROPN
cblr-12481	246	20	&	&	CCONJ
cblr-12481	246	21	econ	econ	PROPN
cblr-12481	246	22	.	.	PUNCT
cblr-12481	247	1	rsch	rsch	PROPN
cblr-12481	247	2	.	.	PUNCT
cblr-12481	248	1	paper	paper	NOUN
cblr-12481	248	2	series	series	PROPN
cblr-12481	248	3	,	,	PUNCT
cblr-12481	248	4	research	research	NOUN
cblr-12481	248	5	paper	paper	NOUN
cblr-12481	248	6	no	no	INTJ
cblr-12481	248	7	.	.	PROPN
cblr-12481	249	1	10	10	NUM
cblr-12481	249	2	-	-	SYM
cblr-12481	249	3	06	06	NUM
cblr-12481	249	4	,	,	PUNCT
cblr-12481	249	5	2010	2010	NUM
cblr-12481	249	6	)	)	PUNCT
cblr-12481	250	1	,	,	PUNCT
cblr-12481	250	2	https://ssrn.com/abstract=1615838	https://ssrn.com/abstract=1615838	X
cblr-12481	251	1	[	[	X
cblr-12481	251	2	https://perma.cc/8hq4-fyuk	https://perma.cc/8hq4-fyuk	X
cblr-12481	251	3	]	]	X
cblr-12481	251	4	.	.	PUNCT
cblr-12481	252	1	no	no	INTJ
cblr-12481	252	2	.	.	NOUN
cblr-12481	253	1	2	2	NUM
cblr-12481	253	2	]	]	X
cblr-12481	253	3	corporate	corporate	ADJ
cblr-12481	253	4	technocracy	technocracy	NOUN
cblr-12481	253	5	841	841	NUM
cblr-12481	253	6	charter	charter	NOUN
cblr-12481	253	7	,	,	PUNCT
cblr-12481	253	8	change	change	VERB
cblr-12481	253	9	its	its	PRON
cblr-12481	253	10	state	state	NOUN
cblr-12481	253	11	of	of	ADP
cblr-12481	253	12	incorporation	incorporation	NOUN
cblr-12481	253	13	,	,	PUNCT
cblr-12481	253	14	and	and	CCONJ
cblr-12481	253	15	oversee	oversee	VERB
cblr-12481	253	16	corporate	corporate	ADJ
cblr-12481	253	17	political	political	ADJ
cblr-12481	253	18	speech.34	speech.34	NOUN
cblr-12481	253	19	by	by	ADP
cblr-12481	253	20	contrast	contrast	NOUN
cblr-12481	253	21	,	,	PUNCT
cblr-12481	253	22	those	those	PRON
cblr-12481	253	23	who	who	PRON
cblr-12481	253	24	advocate	advocate	VERB
cblr-12481	253	25	for	for	ADP
cblr-12481	253	26	greater	great	ADJ
cblr-12481	253	27	managerial	managerial	ADJ
cblr-12481	253	28	control	control	NOUN
cblr-12481	253	29	promote	promote	VERB
cblr-12481	253	30	governance	governance	NOUN
cblr-12481	253	31	reforms	reform	NOUN
cblr-12481	253	32	that	that	PRON
cblr-12481	253	33	weaken	weaken	VERB
cblr-12481	253	34	shareholder	shareholder	NOUN
cblr-12481	253	35	control	control	NOUN
cblr-12481	253	36	rights	right	NOUN
cblr-12481	253	37	and	and	CCONJ
cblr-12481	253	38	that	that	PRON
cblr-12481	253	39	provide	provide	VERB
cblr-12481	253	40	for	for	ADP
cblr-12481	253	41	greater	great	ADJ
cblr-12481	253	42	managerial	managerial	ADJ
cblr-12481	253	43	discretion	discretion	NOUN
cblr-12481	253	44	in	in	ADP
cblr-12481	253	45	the	the	DET
cblr-12481	253	46	form	form	NOUN
cblr-12481	253	47	of	of	ADP
cblr-12481	253	48	anti	anti	ADJ
cblr-12481	253	49	-	-	ADJ
cblr-12481	253	50	takeover	takeover	ADJ
cblr-12481	253	51	defenses	defense	NOUN
cblr-12481	253	52	,	,	PUNCT
cblr-12481	253	53	nonvoting	nonvoting	ADJ
cblr-12481	253	54	share	share	NOUN
cblr-12481	253	55	classes	class	NOUN
cblr-12481	253	56	,	,	PUNCT
cblr-12481	253	57	and	and	CCONJ
cblr-12481	253	58	staggered	stagger	VERB
cblr-12481	253	59	boards.35	boards.35	NOUN
cblr-12481	253	60	each	each	DET
cblr-12481	253	61	position	position	NOUN
cblr-12481	253	62	advances	advance	VERB
cblr-12481	253	63	a	a	DET
cblr-12481	253	64	contemporary	contemporary	ADJ
cblr-12481	253	65	project	project	NOUN
cblr-12481	253	66	to	to	PART
cblr-12481	253	67	support	support	VERB
cblr-12481	253	68	its	its	PRON
cblr-12481	253	69	claim	claim	NOUN
cblr-12481	253	70	that	that	SCONJ
cblr-12481	253	71	greater	great	ADJ
cblr-12481	253	72	shareholder	shareholder	NOUN
cblr-12481	253	73	or	or	CCONJ
cblr-12481	253	74	managerial	managerial	ADJ
cblr-12481	253	75	control	control	NOUN
cblr-12481	253	76	is	be	AUX
cblr-12481	253	77	more	more	ADV
cblr-12481	253	78	conducive	conducive	ADJ
cblr-12481	253	79	to	to	ADP
cblr-12481	253	80	shareholder	shareholder	NOUN
cblr-12481	253	81	wealth	wealth	NOUN
cblr-12481	253	82	maximization.36	maximization.36	PROPN
cblr-12481	253	83	more	more	ADV
cblr-12481	253	84	recently	recently	ADV
cblr-12481	253	85	,	,	PUNCT
cblr-12481	253	86	corporate	corporate	ADJ
cblr-12481	253	87	governance	governance	NOUN
cblr-12481	253	88	scholars	scholar	NOUN
cblr-12481	253	89	and	and	CCONJ
cblr-12481	253	90	practitioners	practitioner	NOUN
cblr-12481	253	91	have	have	AUX
cblr-12481	253	92	extended	extend	VERB
cblr-12481	253	93	these	these	DET
cblr-12481	253	94	arguments	argument	NOUN
cblr-12481	253	95	to	to	PART
cblr-12481	253	96	claim	claim	VERB
cblr-12481	253	97	that	that	SCONJ
cblr-12481	253	98	ceding	cede	VERB
cblr-12481	253	99	greater	great	ADJ
cblr-12481	253	100	power	power	NOUN
cblr-12481	253	101	to	to	ADP
cblr-12481	253	102	shareholders	shareholder	NOUN
cblr-12481	253	103	,	,	PUNCT
cblr-12481	253	104	managers	manager	NOUN
cblr-12481	253	105	,	,	PUNCT
cblr-12481	253	106	or	or	CCONJ
cblr-12481	253	107	stakeholders	stakeholder	NOUN
cblr-12481	253	108	optimizes	optimize	VERB
cblr-12481	253	109	corporate	corporate	ADJ
cblr-12481	253	110	performance	performance	NOUN
cblr-12481	253	111	in	in	ADP
cblr-12481	253	112	service	service	NOUN
cblr-12481	253	113	of	of	ADP
cblr-12481	253	114	stakeholders.37	stakeholders.37	NOUN
cblr-12481	253	115	these	these	DET
cblr-12481	253	116	claims	claim	NOUN
cblr-12481	253	117	are	be	AUX
cblr-12481	253	118	bolstered	bolster	VERB
cblr-12481	253	119	by	by	ADP
cblr-12481	253	120	some	some	DET
cblr-12481	253	121	account	account	NOUN
cblr-12481	253	122	justifying	justify	VERB
cblr-12481	253	123	that	that	SCONJ
cblr-12481	253	124	a	a	DET
cblr-12481	253	125	given	give	VERB
cblr-12481	253	126	group	group	NOUN
cblr-12481	253	127	can	can	AUX
cblr-12481	253	128	deliver	deliver	VERB
cblr-12481	253	129	for	for	ADP
cblr-12481	253	130	stakeholders	stakeholder	NOUN
cblr-12481	253	131	more	more	ADV
cblr-12481	253	132	effectively	effectively	ADV
cblr-12481	253	133	or	or	CCONJ
cblr-12481	253	134	efficiently	efficiently	ADV
cblr-12481	253	135	than	than	ADP
cblr-12481	253	136	others	other	NOUN
cblr-12481	253	137	by	by	ADP
cblr-12481	253	138	appealing	appeal	VERB
cblr-12481	253	139	to	to	ADP
cblr-12481	253	140	inherent	inherent	ADJ
cblr-12481	253	141	virtue	virtue	NOUN
cblr-12481	253	142	or	or	CCONJ
cblr-12481	253	143	to	to	ADP
cblr-12481	253	144	institutional	institutional	ADJ
cblr-12481	253	145	limitations	limitation	NOUN
cblr-12481	253	146	.	.	PUNCT
cblr-12481	254	1	34	34	NUM
cblr-12481	254	2	bebchuk	bebchuk	NOUN
cblr-12481	254	3	,	,	PUNCT
cblr-12481	254	4	supra	supra	PROPN
cblr-12481	254	5	note	note	NOUN
cblr-12481	254	6	32	32	NUM
cblr-12481	254	7	,	,	PUNCT
cblr-12481	254	8	at	at	ADP
cblr-12481	254	9	865–70	865–70	PROPN
cblr-12481	254	10	(	(	PUNCT
cblr-12481	254	11	“	"	PUNCT
cblr-12481	254	12	[	[	X
cblr-12481	254	13	shareholders	shareholder	NOUN
cblr-12481	254	14	]	]	PUNCT
cblr-12481	254	15	would	would	AUX
cblr-12481	254	16	be	be	AUX
cblr-12481	254	17	able	able	ADJ
cblr-12481	254	18	to	to	PART
cblr-12481	254	19	initiate	initiate	VERB
cblr-12481	254	20	and	and	CCONJ
cblr-12481	254	21	approve	approve	VERB
cblr-12481	254	22	by	by	ADP
cblr-12481	254	23	vote	vote	NOUN
cblr-12481	254	24	both	both	DET
cblr-12481	254	25	changes	change	NOUN
cblr-12481	254	26	in	in	ADP
cblr-12481	254	27	the	the	DET
cblr-12481	254	28	corporate	corporate	ADJ
cblr-12481	254	29	charter	charter	NOUN
cblr-12481	254	30	and	and	CCONJ
cblr-12481	254	31	changes	change	NOUN
cblr-12481	254	32	in	in	ADP
cblr-12481	254	33	the	the	DET
cblr-12481	254	34	company	company	NOUN
cblr-12481	254	35	’s	’s	PART
cblr-12481	254	36	state	state	NOUN
cblr-12481	254	37	of	of	ADP
cblr-12481	254	38	incorporation	incorporation	NOUN
cblr-12481	254	39	.	.	PUNCT
cblr-12481	254	40	”	"	PUNCT
cblr-12481	254	41	)	)	PUNCT
cblr-12481	254	42	;	;	PUNCT
cblr-12481	254	43	lucian	lucian	PROPN
cblr-12481	254	44	a.	a.	PROPN
cblr-12481	254	45	bebchuk	bebchuk	PROPN
cblr-12481	254	46	&	&	CCONJ
cblr-12481	254	47	robert	robert	PROPN
cblr-12481	254	48	j.	j.	PROPN
cblr-12481	254	49	jackson	jackson	PROPN
cblr-12481	254	50	,	,	PUNCT
cblr-12481	254	51	jr	jr	PROPN
cblr-12481	254	52	.	.	PROPN
cblr-12481	254	53	,	,	PUNCT
cblr-12481	254	54	corporate	corporate	ADJ
cblr-12481	254	55	political	political	ADJ
cblr-12481	254	56	speech	speech	NOUN
cblr-12481	254	57	:	:	PUNCT
cblr-12481	254	58	who	who	PRON
cblr-12481	254	59	decides	decide	VERB
cblr-12481	254	60	?	?	PUNCT
cblr-12481	254	61	,	,	PUNCT
cblr-12481	254	62	124	124	NUM
cblr-12481	254	63	harv	harv	NOUN
cblr-12481	254	64	.	.	PUNCT
cblr-12481	255	1	l.	l.	PROPN
cblr-12481	255	2	rev	rev	PROPN
cblr-12481	255	3	.	.	PROPN
cblr-12481	255	4	83	83	NUM
cblr-12481	255	5	,	,	PUNCT
cblr-12481	255	6	84	84	NUM
cblr-12481	255	7	(	(	PUNCT
cblr-12481	255	8	2010	2010	NUM
cblr-12481	255	9	)	)	PUNCT
cblr-12481	255	10	(	(	PUNCT
cblr-12481	255	11	“	"	PUNCT
cblr-12481	255	12	[	[	X
cblr-12481	255	13	w]e	w]e	NOUN
cblr-12481	255	14	suggest	suggest	VERB
cblr-12481	255	15	that	that	SCONJ
cblr-12481	255	16	lawmakers	lawmaker	NOUN
cblr-12481	255	17	consider	consider	VERB
cblr-12481	255	18	adopting	adopt	VERB
cblr-12481	255	19	rules	rule	NOUN
cblr-12481	255	20	that	that	PRON
cblr-12481	255	21	.	.	PUNCT
cblr-12481	255	22	.	.	PUNCT
cblr-12481	256	1	.	.	PUNCT
cblr-12481	257	1	provide	provide	VERB
cblr-12481	257	2	shareholders	shareholder	NOUN
cblr-12481	257	3	with	with	ADP
cblr-12481	257	4	a	a	DET
cblr-12481	257	5	role	role	NOUN
cblr-12481	257	6	in	in	ADP
cblr-12481	257	7	determining	determine	VERB
cblr-12481	257	8	the	the	DET
cblr-12481	257	9	amount	amount	NOUN
cblr-12481	257	10	and	and	CCONJ
cblr-12481	257	11	targets	target	NOUN
cblr-12481	257	12	of	of	ADP
cblr-12481	257	13	corporate	corporate	ADJ
cblr-12481	257	14	political	political	ADJ
cblr-12481	257	15	spending	spending	NOUN
cblr-12481	257	16	.	.	PUNCT
cblr-12481	257	17	”	"	PUNCT
cblr-12481	257	18	)	)	PUNCT
cblr-12481	257	19	.	.	PUNCT
cblr-12481	258	1	35	35	NUM
cblr-12481	258	2	stephen	stephen	PROPN
cblr-12481	258	3	m.	m.	PROPN
cblr-12481	258	4	bainbridge	bainbridge	PROPN
cblr-12481	258	5	,	,	PUNCT
cblr-12481	258	6	director	director	NOUN
cblr-12481	258	7	primacy	primacy	NOUN
cblr-12481	258	8	in	in	ADP
cblr-12481	258	9	corporate	corporate	ADJ
cblr-12481	258	10	takeovers	takeover	NOUN
cblr-12481	258	11	:	:	PUNCT
cblr-12481	258	12	preliminary	preliminary	ADJ
cblr-12481	258	13	reflections	reflection	NOUN
cblr-12481	258	14	,	,	PUNCT
cblr-12481	258	15	55	55	NUM
cblr-12481	258	16	stan	stan	NOUN
cblr-12481	258	17	.	.	PUNCT
cblr-12481	259	1	l.	l.	PROPN
cblr-12481	259	2	rev	rev	PROPN
cblr-12481	259	3	.	.	PROPN
cblr-12481	259	4	791	791	NUM
cblr-12481	259	5	,	,	PUNCT
cblr-12481	260	1	802–03	802–03	NUM
cblr-12481	260	2	(	(	PUNCT
cblr-12481	260	3	2002	2002	NUM
cblr-12481	260	4	)	)	PUNCT
cblr-12481	260	5	(	(	PUNCT
cblr-12481	260	6	“	"	PUNCT
cblr-12481	260	7	[	[	X
cblr-12481	260	8	t]akeover	t]akeover	ADP
cblr-12481	260	9	defenses	defense	NOUN
cblr-12481	260	10	—	—	PUNCT
cblr-12481	260	11	especially	especially	ADV
cblr-12481	260	12	the	the	DET
cblr-12481	260	13	combination	combination	NOUN
cblr-12481	260	14	of	of	ADP
cblr-12481	260	15	a	a	DET
cblr-12481	260	16	poison	poison	NOUN
cblr-12481	260	17	pill	pill	NOUN
cblr-12481	260	18	and	and	CCONJ
cblr-12481	260	19	a	a	DET
cblr-12481	260	20	staggered	staggered	ADJ
cblr-12481	260	21	board	board	NOUN
cblr-12481	260	22	—	—	PUNCT
cblr-12481	260	23	have	have	AUX
cblr-12481	260	24	gone	go	VERB
cblr-12481	260	25	a	a	DET
cblr-12481	260	26	long	long	ADJ
cblr-12481	260	27	way	way	NOUN
cblr-12481	260	28	towards	towards	ADP
cblr-12481	260	29	restoring	restore	VERB
cblr-12481	260	30	director	director	NOUN
cblr-12481	260	31	primacy	primacy	NOUN
cblr-12481	260	32	.	.	PUNCT
cblr-12481	260	33	”	"	PUNCT
cblr-12481	260	34	)	)	PUNCT
cblr-12481	260	35	.	.	PUNCT
cblr-12481	261	1	36	36	NUM
cblr-12481	261	2	see	see	VERB
cblr-12481	261	3	,	,	PUNCT
cblr-12481	261	4	e.g.	e.g.	ADV
cblr-12481	261	5	,	,	PUNCT
cblr-12481	261	6	robert	robert	PROPN
cblr-12481	261	7	j.	j.	PROPN
cblr-12481	261	8	rhee	rhee	PROPN
cblr-12481	261	9	,	,	PUNCT
cblr-12481	261	10	a	a	DET
cblr-12481	261	11	legal	legal	ADJ
cblr-12481	261	12	theory	theory	NOUN
cblr-12481	261	13	of	of	ADP
cblr-12481	261	14	shareholder	shareholder	NOUN
cblr-12481	261	15	primacy	primacy	NOUN
cblr-12481	261	16	,	,	PUNCT
cblr-12481	261	17	102	102	NUM
cblr-12481	261	18	minn	minn	NOUN
cblr-12481	261	19	.	.	PUNCT
cblr-12481	262	1	l.	l.	PROPN
cblr-12481	262	2	rev	rev	PROPN
cblr-12481	262	3	.	.	PROPN
cblr-12481	262	4	1951	1951	NUM
cblr-12481	262	5	,	,	PUNCT
cblr-12481	262	6	1952	1952	NUM
cblr-12481	262	7	(	(	PUNCT
cblr-12481	262	8	2017	2017	NUM
cblr-12481	262	9	)	)	PUNCT
cblr-12481	262	10	(	(	PUNCT
cblr-12481	262	11	“	"	PUNCT
cblr-12481	262	12	[	[	X
cblr-12481	262	13	s]hareholder	s]hareholder	NOUN
cblr-12481	262	14	primacy	primacy	NOUN
cblr-12481	262	15	instructs	instruct	VERB
cblr-12481	262	16	the	the	DET
cblr-12481	262	17	board	board	NOUN
cblr-12481	262	18	to	to	PART
cblr-12481	262	19	manage	manage	VERB
cblr-12481	262	20	the	the	DET
cblr-12481	262	21	corporation	corporation	NOUN
cblr-12481	262	22	for	for	ADP
cblr-12481	262	23	the	the	DET
cblr-12481	262	24	purpose	purpose	NOUN
cblr-12481	262	25	of	of	ADP
cblr-12481	262	26	maximizing	maximize	VERB
cblr-12481	262	27	shareholder	shareholder	NOUN
cblr-12481	262	28	wealth	wealth	NOUN
cblr-12481	262	29	.	.	PUNCT
cblr-12481	262	30	”	"	PUNCT
cblr-12481	262	31	)	)	PUNCT
cblr-12481	262	32	;	;	PUNCT
cblr-12481	262	33	bainbridge	bainbridge	PROPN
cblr-12481	262	34	,	,	PUNCT
cblr-12481	262	35	supra	supra	PROPN
cblr-12481	262	36	note	note	PROPN
cblr-12481	262	37	33	33	NUM
cblr-12481	262	38	,	,	PUNCT
cblr-12481	262	39	at	at	ADP
cblr-12481	262	40	3	3	NUM
cblr-12481	262	41	(	(	PUNCT
cblr-12481	262	42	“	"	PUNCT
cblr-12481	262	43	to	to	PART
cblr-12481	262	44	be	be	AUX
cblr-12481	262	45	sure	sure	ADJ
cblr-12481	262	46	,	,	PUNCT
cblr-12481	262	47	the	the	DET
cblr-12481	262	48	directors	director	NOUN
cblr-12481	262	49	are	be	AUX
cblr-12481	262	50	obliged	oblige	VERB
cblr-12481	262	51	to	to	PART
cblr-12481	262	52	use	use	VERB
cblr-12481	262	53	their	their	PRON
cblr-12481	262	54	powers	power	NOUN
cblr-12481	262	55	towards	towards	ADP
cblr-12481	262	56	the	the	DET
cblr-12481	262	57	end	end	NOUN
cblr-12481	262	58	of	of	ADP
cblr-12481	262	59	shareholder	shareholder	NOUN
cblr-12481	262	60	wealth	wealth	NOUN
cblr-12481	262	61	maximization	maximization	NOUN
cblr-12481	262	62	,	,	PUNCT
cblr-12481	262	63	but	but	CCONJ
cblr-12481	262	64	the	the	DET
cblr-12481	262	65	decisions	decision	NOUN
cblr-12481	262	66	as	as	ADP
cblr-12481	262	67	to	to	ADP
cblr-12481	262	68	how	how	SCONJ
cblr-12481	262	69	that	that	DET
cblr-12481	262	70	end	end	NOUN
cblr-12481	262	71	shall	shall	AUX
cblr-12481	262	72	be	be	AUX
cblr-12481	262	73	achieved	achieve	VERB
cblr-12481	262	74	are	be	AUX
cblr-12481	262	75	vested	vest	VERB
cblr-12481	262	76	in	in	ADP
cblr-12481	262	77	the	the	DET
cblr-12481	262	78	board	board	NOUN
cblr-12481	262	79	not	not	PART
cblr-12481	262	80	the	the	DET
cblr-12481	262	81	shareholders	shareholder	NOUN
cblr-12481	262	82	.	.	PUNCT
cblr-12481	262	83	”	"	PUNCT
cblr-12481	262	84	)	)	PUNCT
cblr-12481	262	85	.	.	PUNCT
cblr-12481	263	1	37	37	NUM
cblr-12481	263	2	see	see	VERB
cblr-12481	263	3	,	,	PUNCT
cblr-12481	263	4	e.g.	e.g.	ADV
cblr-12481	263	5	,	,	PUNCT
cblr-12481	263	6	cathy	cathy	PROPN
cblr-12481	263	7	hwang	hwang	PROPN
cblr-12481	263	8	&	&	CCONJ
cblr-12481	263	9	yaron	yaron	PROPN
cblr-12481	263	10	nili	nili	PROPN
cblr-12481	263	11	,	,	PUNCT
cblr-12481	263	12	shareholder	shareholder	NOUN
cblr-12481	263	13	-	-	PUNCT
cblr-12481	263	14	driven	drive	VERB
cblr-12481	263	15	stakeholderism	stakeholderism	NOUN
cblr-12481	263	16	,	,	PUNCT
cblr-12481	263	17	2020	2020	NUM
cblr-12481	263	18	u.	u.	PROPN
cblr-12481	263	19	chi	chi	PROPN
cblr-12481	263	20	.	.	PUNCT
cblr-12481	264	1	l.	l.	PROPN
cblr-12481	264	2	rev	rev	PROPN
cblr-12481	264	3	.	.	PUNCT
cblr-12481	265	1	online	online	PROPN
cblr-12481	266	1	*	*	ADJ
cblr-12481	266	2	1	1	NUM
cblr-12481	266	3	,	,	PUNCT
cblr-12481	266	4	*	*	NOUN
cblr-12481	266	5	2	2	NUM
cblr-12481	266	6	,	,	PUNCT
cblr-12481	266	7	*	*	PROPN
cblr-12481	266	8	6–*7	6–*7	NUM
cblr-12481	266	9	;	;	PUNCT
cblr-12481	266	10	leo	leo	PROPN
cblr-12481	266	11	e.	e.	PROPN
cblr-12481	266	12	strine	strine	PROPN
cblr-12481	266	13	,	,	PUNCT
cblr-12481	266	14	jr	jr	PROPN
cblr-12481	266	15	.	.	PROPN
cblr-12481	266	16	,	,	PUNCT
cblr-12481	266	17	kirby	kirby	PROPN
cblr-12481	266	18	smith	smith	PROPN
cblr-12481	266	19	&	&	CCONJ
cblr-12481	266	20	reilly	reilly	PROPN
cblr-12481	266	21	s.	s.	PROPN
cblr-12481	266	22	steel	steel	PROPN
cblr-12481	266	23	,	,	PUNCT
cblr-12481	266	24	caremark	caremark	NOUN
cblr-12481	266	25	and	and	CCONJ
cblr-12481	266	26	esg	esg	NOUN
cblr-12481	266	27	,	,	PUNCT
cblr-12481	266	28	perfect	perfect	ADJ
cblr-12481	266	29	together	together	ADV
cblr-12481	266	30	:	:	PUNCT
cblr-12481	266	31	a	a	DET
cblr-12481	266	32	practical	practical	ADJ
cblr-12481	266	33	approach	approach	NOUN
cblr-12481	266	34	to	to	ADP
cblr-12481	266	35	implementing	implement	VERB
cblr-12481	266	36	an	an	DET
cblr-12481	266	37	integrated	integrate	VERB
cblr-12481	266	38	,	,	PUNCT
cblr-12481	266	39	efficient	efficient	ADJ
cblr-12481	266	40	,	,	PUNCT
cblr-12481	266	41	and	and	CCONJ
cblr-12481	266	42	effective	effective	ADJ
cblr-12481	266	43	caremark	caremark	NOUN
cblr-12481	266	44	and	and	CCONJ
cblr-12481	266	45	eesg	eesg	NOUN
cblr-12481	266	46	strategy	strategy	NOUN
cblr-12481	266	47	,	,	PUNCT
cblr-12481	266	48	106	106	NUM
cblr-12481	266	49	iowa	iowa	PROPN
cblr-12481	266	50	l.	l.	PROPN
cblr-12481	266	51	rev	rev	PROPN
cblr-12481	266	52	.	.	PROPN
cblr-12481	266	53	1885	1885	NUM
cblr-12481	266	54	,	,	PUNCT
cblr-12481	266	55	1893–95	1893–95	NUM
cblr-12481	266	56	(	(	PUNCT
cblr-12481	266	57	2021	2021	NUM
cblr-12481	266	58	)	)	PUNCT
cblr-12481	266	59	;	;	PUNCT
cblr-12481	266	60	brett	brett	PROPN
cblr-12481	266	61	mcdonnell	mcdonnell	PROPN
cblr-12481	266	62	,	,	PUNCT
cblr-12481	266	63	stakeholder	stakeholder	NOUN
cblr-12481	266	64	governance	governance	NOUN
cblr-12481	266	65	as	as	ADP
cblr-12481	266	66	governance	governance	NOUN
cblr-12481	266	67	by	by	ADP
cblr-12481	266	68	stakeholders	stakeholder	NOUN
cblr-12481	266	69	,	,	PUNCT
cblr-12481	266	70	47	47	NUM
cblr-12481	266	71	seattle	seattle	PROPN
cblr-12481	266	72	u.	u.	PROPN
cblr-12481	266	73	l.	l.	PROPN
cblr-12481	266	74	rev	rev	PROPN
cblr-12481	266	75	.	.	PROPN
cblr-12481	266	76	511	511	NUM
cblr-12481	266	77	(	(	PUNCT
cblr-12481	266	78	2024	2024	NUM
cblr-12481	266	79	)	)	PUNCT
cblr-12481	266	80	.	.	PUNCT
cblr-12481	267	1	842	842	NUM
cblr-12481	267	2	columbia	columbia	PROPN
cblr-12481	267	3	business	business	NOUN
cblr-12481	267	4	law	law	PROPN
cblr-12481	267	5	review	review	NOUN
cblr-12481	267	6	[	[	X
cblr-12481	267	7	vol	vol	NOUN
cblr-12481	267	8	.	.	PUNCT
cblr-12481	267	9	2023	2023	NUM
cblr-12481	267	10	1	1	NUM
cblr-12481	267	11	.	.	PUNCT
cblr-12481	267	12	shareholder	shareholder	NOUN
cblr-12481	267	13	control	control	VERB
cblr-12481	267	14	one	one	NUM
cblr-12481	267	15	leading	lead	VERB
cblr-12481	267	16	approach	approach	NOUN
cblr-12481	267	17	to	to	ADP
cblr-12481	267	18	governance	governance	NOUN
cblr-12481	267	19	prioritizes	prioritize	NOUN
cblr-12481	267	20	shareholder	shareholder	NOUN
cblr-12481	267	21	control	control	NOUN
cblr-12481	267	22	and	and	CCONJ
cblr-12481	267	23	views	view	VERB
cblr-12481	267	24	managerial	managerial	ADJ
cblr-12481	267	25	discretion	discretion	NOUN
cblr-12481	267	26	with	with	ADP
cblr-12481	267	27	skepticism	skepticism	NOUN
cblr-12481	267	28	.	.	PUNCT
cblr-12481	268	1	its	its	PRON
cblr-12481	268	2	proponents	proponent	NOUN
cblr-12481	268	3	advance	advance	VERB
cblr-12481	268	4	that	that	SCONJ
cblr-12481	268	5	corporate	corporate	ADJ
cblr-12481	268	6	governance	governance	NOUN
cblr-12481	268	7	is	be	AUX
cblr-12481	268	8	organized	organize	VERB
cblr-12481	268	9	on	on	ADP
cblr-12481	268	10	behalf	behalf	NOUN
cblr-12481	268	11	of	of	ADP
cblr-12481	268	12	shareholders	shareholder	NOUN
cblr-12481	268	13	,	,	PUNCT
cblr-12481	268	14	the	the	DET
cblr-12481	268	15	putative	putative	ADJ
cblr-12481	268	16	owners	owner	NOUN
cblr-12481	268	17	of	of	ADP
cblr-12481	268	18	the	the	DET
cblr-12481	268	19	firm	firm	NOUN
cblr-12481	268	20	or	or	CCONJ
cblr-12481	268	21	its	its	PRON
cblr-12481	268	22	key	key	ADJ
cblr-12481	268	23	residual	residual	ADJ
cblr-12481	268	24	claimants	claimant	NOUN
cblr-12481	268	25	,	,	PUNCT
cblr-12481	268	26	and	and	CCONJ
cblr-12481	268	27	that	that	SCONJ
cblr-12481	268	28	shareholders	shareholder	NOUN
cblr-12481	268	29	accordingly	accordingly	ADV
cblr-12481	268	30	wield	wield	VERB
cblr-12481	268	31	control	control	NOUN
cblr-12481	268	32	over	over	ADP
cblr-12481	268	33	key	key	ADJ
cblr-12481	268	34	decisions.38	decisions.38	PROPN
cblr-12481	268	35	a	a	DET
cblr-12481	268	36	shareholder	shareholder	NOUN
cblr-12481	268	37	primacy	primacy	NOUN
cblr-12481	268	38	approach	approach	NOUN
cblr-12481	268	39	to	to	ADP
cblr-12481	268	40	governance	governance	NOUN
cblr-12481	268	41	assumes	assume	VERB
cblr-12481	268	42	greater	great	ADJ
cblr-12481	268	43	distrust	distrust	NOUN
cblr-12481	268	44	of	of	ADP
cblr-12481	268	45	management	management	NOUN
cblr-12481	268	46	and	and	CCONJ
cblr-12481	268	47	emphasizes	emphasize	VERB
cblr-12481	268	48	the	the	DET
cblr-12481	268	49	importance	importance	NOUN
cblr-12481	268	50	of	of	ADP
cblr-12481	268	51	levers	lever	NOUN
cblr-12481	268	52	that	that	PRON
cblr-12481	268	53	shareholders	shareholder	NOUN
cblr-12481	268	54	can	can	AUX
cblr-12481	268	55	use	use	VERB
cblr-12481	268	56	to	to	PART
cblr-12481	268	57	discipline	discipline	VERB
cblr-12481	268	58	managers	manager	NOUN
cblr-12481	268	59	and	and	CCONJ
cblr-12481	268	60	to	to	PART
cblr-12481	268	61	limit	limit	VERB
cblr-12481	268	62	rentseeking	rentseeke	VERB
cblr-12481	268	63	.	.	PUNCT
cblr-12481	269	1	this	this	DET
cblr-12481	269	2	position	position	NOUN
cblr-12481	269	3	supports	support	VERB
cblr-12481	269	4	stronger	strong	ADJ
cblr-12481	269	5	shareholder	shareholder	NOUN
cblr-12481	269	6	rights	right	NOUN
cblr-12481	269	7	that	that	PRON
cblr-12481	269	8	shift	shift	VERB
cblr-12481	269	9	the	the	DET
cblr-12481	269	10	locus	locus	NOUN
cblr-12481	269	11	of	of	ADP
cblr-12481	269	12	control	control	NOUN
cblr-12481	269	13	away	away	ADV
cblr-12481	269	14	from	from	ADP
cblr-12481	269	15	managers	manager	NOUN
cblr-12481	269	16	and	and	CCONJ
cblr-12481	269	17	towards	towards	ADP
cblr-12481	269	18	shareholders	shareholder	NOUN
cblr-12481	269	19	.	.	PUNCT
cblr-12481	270	1	related	relate	VERB
cblr-12481	270	2	reforms	reform	NOUN
cblr-12481	270	3	emphasize	emphasize	VERB
cblr-12481	270	4	mandatory	mandatory	ADJ
cblr-12481	270	5	disclosures;39	disclosures;39	NOUN
cblr-12481	270	6	liberalized	liberalize	VERB
cblr-12481	270	7	standards	standard	NOUN
cblr-12481	270	8	for	for	ADP
cblr-12481	270	9	section	section	NOUN
cblr-12481	270	10	10	10	NUM
cblr-12481	270	11	-	-	SYM
cblr-12481	270	12	b	b	NOUN
cblr-12481	270	13	claims,40	claims,40	NUM
cblr-12481	270	14	38	38	NUM
cblr-12481	270	15	see	see	NOUN
cblr-12481	270	16	,	,	PUNCT
cblr-12481	270	17	e.g.	e.g.	ADV
cblr-12481	270	18	,	,	PUNCT
cblr-12481	270	19	lucian	lucian	PROPN
cblr-12481	270	20	a.	a.	NOUN
cblr-12481	270	21	bebchuk	bebchuk	PROPN
cblr-12481	270	22	,	,	PUNCT
cblr-12481	270	23	the	the	DET
cblr-12481	270	24	myth	myth	NOUN
cblr-12481	270	25	of	of	ADP
cblr-12481	270	26	the	the	DET
cblr-12481	270	27	shareholder	shareholder	NOUN
cblr-12481	270	28	franchise	franchise	NOUN
cblr-12481	270	29	,	,	PUNCT
cblr-12481	270	30	93	93	NUM
cblr-12481	270	31	va	va	NOUN
cblr-12481	270	32	.	.	PUNCT
cblr-12481	271	1	l.	l.	PROPN
cblr-12481	271	2	rev	rev	PROPN
cblr-12481	271	3	.	.	PROPN
cblr-12481	272	1	675	675	NUM
cblr-12481	272	2	(	(	PUNCT
cblr-12481	272	3	2007	2007	NUM
cblr-12481	272	4	)	)	PUNCT
cblr-12481	272	5	(	(	PUNCT
cblr-12481	272	6	arguing	argue	VERB
cblr-12481	272	7	for	for	ADP
cblr-12481	272	8	stronger	strong	ADJ
cblr-12481	272	9	shareholder	shareholder	NOUN
cblr-12481	272	10	voting	voting	NOUN
cblr-12481	272	11	powers	power	NOUN
cblr-12481	272	12	)	)	PUNCT
cblr-12481	272	13	.	.	PUNCT
cblr-12481	273	1	39	39	NUM
cblr-12481	273	2	see	see	VERB
cblr-12481	273	3	,	,	PUNCT
cblr-12481	273	4	e.g.	e.g.	ADV
cblr-12481	273	5	,	,	PUNCT
cblr-12481	273	6	sara	sara	PROPN
cblr-12481	273	7	k.	k.	PROPN
cblr-12481	273	8	orr	orr	PROPN
cblr-12481	273	9	&	&	CCONJ
cblr-12481	273	10	sofia	sofia	PROPN
cblr-12481	273	11	martos	marto	NOUN
cblr-12481	273	12	,	,	PUNCT
cblr-12481	273	13	corporate	corporate	ADJ
cblr-12481	273	14	esg	esg	NOUN
cblr-12481	273	15	disclosure	disclosure	NOUN
cblr-12481	273	16	:	:	PUNCT
cblr-12481	273	17	recent	recent	ADJ
cblr-12481	273	18	trends	trend	NOUN
cblr-12481	273	19	and	and	CCONJ
cblr-12481	273	20	developments	development	NOUN
cblr-12481	273	21	,	,	PUNCT
cblr-12481	273	22	lexisnexis	lexisnexis	VERB
cblr-12481	273	23	practical	practical	ADJ
cblr-12481	273	24	guidance	guidance	NOUN
cblr-12481	273	25	(	(	PUNCT
cblr-12481	273	26	oct	oct	PROPN
cblr-12481	273	27	.	.	PROPN
cblr-12481	273	28	8	8	NUM
cblr-12481	273	29	,	,	PUNCT
cblr-12481	273	30	2021	2021	NUM
cblr-12481	273	31	)	)	PUNCT
cblr-12481	273	32	,	,	PUNCT
cblr-12481	273	33	https://www.kirkland.com/publications/article/2021/10/corporateesg-disclosure-orr-martos	https://www.kirkland.com/publications/article/2021/10/corporateesg-disclosure-orr-martos	PROPN
cblr-12481	273	34	[	[	X
cblr-12481	273	35	https://perma.cc/7vxy-3pks	https://perma.cc/7vxy-3pks	NOUN
cblr-12481	273	36	]	]	X
cblr-12481	273	37	.	.	PUNCT
cblr-12481	274	1	40	40	NUM
cblr-12481	274	2	see	see	VERB
cblr-12481	274	3	,	,	PUNCT
cblr-12481	274	4	e.g.	e.g.	ADV
cblr-12481	274	5	,	,	PUNCT
cblr-12481	274	6	aisha	aisha	PROPN
cblr-12481	274	7	i.	i.	PROPN
cblr-12481	274	8	saad	saad	PROPN
cblr-12481	274	9	&	&	CCONJ
cblr-12481	274	10	diane	diane	PROPN
cblr-12481	274	11	strauss	strauss	PROPN
cblr-12481	274	12	,	,	PUNCT
cblr-12481	274	13	the	the	DET
cblr-12481	274	14	new	new	ADJ
cblr-12481	274	15	“	"	PUNCT
cblr-12481	274	16	reasonable	reasonable	ADJ
cblr-12481	274	17	investor	investor	NOUN
cblr-12481	274	18	”	"	PUNCT
cblr-12481	274	19	and	and	CCONJ
cblr-12481	274	20	changing	change	VERB
cblr-12481	274	21	frontiers	frontier	NOUN
cblr-12481	274	22	of	of	ADP
cblr-12481	274	23	materiality	materiality	NOUN
cblr-12481	274	24	:	:	PUNCT
cblr-12481	274	25	increasing	increase	VERB
cblr-12481	274	26	investor	investor	NOUN
cblr-12481	274	27	reliance	reliance	NOUN
cblr-12481	274	28	on	on	ADP
cblr-12481	274	29	esg	esg	PROPN
cblr-12481	274	30	disclosures	disclosure	NOUN
cblr-12481	274	31	and	and	CCONJ
cblr-12481	274	32	implications	implication	NOUN
cblr-12481	274	33	for	for	ADP
cblr-12481	274	34	securities	security	NOUN
cblr-12481	274	35	litigation	litigation	NOUN
cblr-12481	274	36	,	,	PUNCT
cblr-12481	274	37	17	17	NUM
cblr-12481	274	38	berkeley	berkeley	PROPN
cblr-12481	274	39	bus	bus	NOUN
cblr-12481	274	40	.	.	PUNCT
cblr-12481	275	1	l.	l.	PROPN
cblr-12481	275	2	j.	j.	PROPN
cblr-12481	275	3	391	391	NUM
cblr-12481	275	4	,	,	PUNCT
cblr-12481	275	5	425	425	NUM
cblr-12481	275	6	(	(	PUNCT
cblr-12481	275	7	2020	2020	NUM
cblr-12481	275	8	)	)	PUNCT
cblr-12481	275	9	(	(	PUNCT
cblr-12481	275	10	proposing	propose	VERB
cblr-12481	275	11	that	that	SCONJ
cblr-12481	275	12	courts	court	NOUN
cblr-12481	275	13	should	should	AUX
cblr-12481	275	14	“	"	PUNCT
cblr-12481	275	15	re	re	VERB
cblr-12481	275	16	-	-	NOUN
cblr-12481	275	17	center	center	NOUN
cblr-12481	275	18	”	"	PUNCT
cblr-12481	275	19	the	the	DET
cblr-12481	275	20	reliance	reliance	NOUN
cblr-12481	275	21	-	-	PUNCT
cblr-12481	275	22	based	base	VERB
cblr-12481	275	23	approach	approach	NOUN
cblr-12481	275	24	for	for	ADP
cblr-12481	275	25	materiality	materiality	NOUN
cblr-12481	275	26	for	for	ADP
cblr-12481	275	27	a	a	DET
cblr-12481	275	28	section	section	NOUN
cblr-12481	275	29	10(b	10(b	NUM
cblr-12481	275	30	)	)	PUNCT
cblr-12481	275	31	claim	claim	NOUN
cblr-12481	275	32	and	and	CCONJ
cblr-12481	275	33	broaden	broaden	VERB
cblr-12481	275	34	the	the	DET
cblr-12481	275	35	definition	definition	NOUN
cblr-12481	275	36	of	of	ADP
cblr-12481	275	37	a	a	DET
cblr-12481	275	38	“	"	PUNCT
cblr-12481	275	39	reasonable	reasonable	ADJ
cblr-12481	275	40	investor	investor	NOUN
cblr-12481	275	41	”	"	PUNCT
cblr-12481	275	42	to	to	PART
cblr-12481	275	43	be	be	AUX
cblr-12481	275	44	“	"	PUNCT
cblr-12481	275	45	based	base	VERB
cblr-12481	275	46	on	on	ADP
cblr-12481	275	47	investor	investor	NOUN
cblr-12481	275	48	demographics	demographic	NOUN
cblr-12481	275	49	,	,	PUNCT
cblr-12481	275	50	preferences	preference	NOUN
cblr-12481	275	51	,	,	PUNCT
cblr-12481	275	52	and	and	CCONJ
cblr-12481	275	53	decision	decision	NOUN
cblr-12481	275	54	-	-	PUNCT
cblr-12481	275	55	making	making	NOUN
cblr-12481	275	56	[	[	PUNCT
cblr-12481	275	57	which	which	PRON
cblr-12481	275	58	]	]	PUNCT
cblr-12481	275	59	will	will	AUX
cblr-12481	275	60	better	well	ADV
cblr-12481	275	61	serve	serve	VERB
cblr-12481	275	62	the	the	DET
cblr-12481	275	63	needs	need	NOUN
cblr-12481	275	64	of	of	ADP
cblr-12481	275	65	today	today	NOUN
cblr-12481	275	66	’s	’s	PART
cblr-12481	275	67	reasonable	reasonable	ADJ
cblr-12481	275	68	investor	investor	NOUN
cblr-12481	275	69	.	.	PUNCT
cblr-12481	275	70	”	"	PUNCT
cblr-12481	275	71	)	)	PUNCT
cblr-12481	275	72	.	.	PUNCT
cblr-12481	276	1	no	no	INTJ
cblr-12481	276	2	.	.	NOUN
cblr-12481	277	1	2	2	NUM
cblr-12481	277	2	]	]	X
cblr-12481	277	3	corporate	corporate	ADJ
cblr-12481	277	4	technocracy	technocracy	NOUN
cblr-12481	277	5	843	843	NUM
cblr-12481	277	6	books	book	NOUN
cblr-12481	277	7	and	and	CCONJ
cblr-12481	277	8	records	record	NOUN
cblr-12481	277	9	requests	request	NOUN
cblr-12481	277	10	,	,	PUNCT
cblr-12481	277	11	and	and	CCONJ
cblr-12481	277	12	caremark	caremark	PROPN
cblr-12481	277	13	claims;41	claims;41	PROPN
cblr-12481	277	14	liberalized	liberalize	VERB
cblr-12481	277	15	rules	rule	NOUN
cblr-12481	277	16	for	for	ADP
cblr-12481	277	17	shareholder	shareholder	NOUN
cblr-12481	277	18	proposals;42	proposals;42	NOUN
cblr-12481	277	19	and	and	CCONJ
cblr-12481	277	20	proxy	proxy	NOUN
cblr-12481	277	21	access.43	access.43	ADJ
cblr-12481	277	22	2	2	NUM
cblr-12481	277	23	.	.	PUNCT
cblr-12481	277	24	managerial	managerial	ADJ
cblr-12481	277	25	control	control	PROPN
cblr-12481	277	26	a	a	DET
cblr-12481	277	27	second	second	ADJ
cblr-12481	277	28	leading	lead	VERB
cblr-12481	277	29	approach	approach	NOUN
cblr-12481	277	30	to	to	ADP
cblr-12481	277	31	governance	governance	NOUN
cblr-12481	277	32	favors	favor	VERB
cblr-12481	277	33	weaker	weak	ADJ
cblr-12481	277	34	shareholder	shareholder	NOUN
cblr-12481	277	35	power	power	NOUN
cblr-12481	277	36	and	and	CCONJ
cblr-12481	277	37	stronger	strong	ADJ
cblr-12481	277	38	managerial	managerial	ADJ
cblr-12481	277	39	power	power	NOUN
cblr-12481	277	40	.	.	PUNCT
cblr-12481	278	1	this	this	DET
cblr-12481	278	2	view	view	NOUN
cblr-12481	278	3	is	be	AUX
cblr-12481	278	4	skeptical	skeptical	ADJ
cblr-12481	278	5	of	of	ADP
cblr-12481	278	6	shareholders	shareholder	NOUN
cblr-12481	278	7	’	'	PUNCT
cblr-12481	278	8	direct	direct	ADJ
cblr-12481	278	9	participation	participation	NOUN
cblr-12481	278	10	in	in	ADP
cblr-12481	278	11	governance	governance	NOUN
cblr-12481	278	12	and	and	CCONJ
cblr-12481	278	13	characterizes	characterize	VERB
cblr-12481	278	14	such	such	ADJ
cblr-12481	278	15	attempts	attempt	NOUN
cblr-12481	278	16	as	as	ADP
cblr-12481	278	17	micromanagement	micromanagement	NOUN
cblr-12481	278	18	that	that	PRON
cblr-12481	278	19	interferes	interfere	VERB
cblr-12481	278	20	with	with	ADP
cblr-12481	278	21	managers	manager	NOUN
cblr-12481	278	22	’	’	PART
cblr-12481	278	23	capacity	capacity	NOUN
cblr-12481	278	24	to	to	PART
cblr-12481	278	25	govern	govern	VERB
cblr-12481	278	26	efficiently	efficiently	ADV
cblr-12481	278	27	.	.	PUNCT
cblr-12481	279	1	director	director	NOUN
cblr-12481	279	2	or	or	CCONJ
cblr-12481	279	3	managerial	managerial	ADJ
cblr-12481	279	4	primacy	primacy	NOUN
cblr-12481	279	5	assumes	assume	VERB
cblr-12481	279	6	greater	great	ADJ
cblr-12481	279	7	trust	trust	NOUN
cblr-12481	279	8	of	of	ADP
cblr-12481	279	9	executives	executive	NOUN
cblr-12481	279	10	and	and	CCONJ
cblr-12481	279	11	emphasizes	emphasize	VERB
cblr-12481	279	12	the	the	DET
cblr-12481	279	13	protected	protect	VERB
cblr-12481	279	14	discretion	discretion	NOUN
cblr-12481	279	15	that	that	SCONJ
cblr-12481	279	16	they	they	PRON
cblr-12481	279	17	require	require	VERB
cblr-12481	279	18	to	to	PART
cblr-12481	279	19	deliver	deliver	VERB
cblr-12481	279	20	for	for	ADP
cblr-12481	279	21	shareholders.44	shareholders.44	NOUN
cblr-12481	279	22	this	this	DET
cblr-12481	279	23	position	position	NOUN
cblr-12481	279	24	seeks	seek	VERB
cblr-12481	279	25	stronger	strong	ADJ
cblr-12481	279	26	managerial	managerial	ADJ
cblr-12481	279	27	rights	right	NOUN
cblr-12481	279	28	that	that	PRON
cblr-12481	279	29	shift	shift	VERB
cblr-12481	279	30	the	the	DET
cblr-12481	279	31	locus	locus	NOUN
cblr-12481	279	32	of	of	ADP
cblr-12481	279	33	control	control	NOUN
cblr-12481	279	34	away	away	ADV
cblr-12481	279	35	from	from	ADP
cblr-12481	279	36	shareholders	shareholder	NOUN
cblr-12481	279	37	and	and	CCONJ
cblr-12481	279	38	towards	towards	ADP
cblr-12481	279	39	managers	manager	NOUN
cblr-12481	279	40	and	and	CCONJ
cblr-12481	279	41	directors	director	NOUN
cblr-12481	279	42	.	.	PUNCT
cblr-12481	280	1	related	relate	VERB
cblr-12481	280	2	reforms	reform	NOUN
cblr-12481	280	3	emphasize	emphasize	VERB
cblr-12481	280	4	a	a	DET
cblr-12481	280	5	more	more	ADV
cblr-12481	280	6	protective	protective	ADJ
cblr-12481	280	7	interpretation	interpretation	NOUN
cblr-12481	280	8	of	of	ADP
cblr-12481	280	9	the	the	DET
cblr-12481	280	10	business	business	NOUN
cblr-12481	280	11	judgment	judgment	NOUN
cblr-12481	280	12	rule	rule	NOUN
cblr-12481	280	13	and	and	CCONJ
cblr-12481	280	14	stronger	strong	ADJ
cblr-12481	280	15	anti	anti	ADJ
cblr-12481	280	16	-	-	ADJ
cblr-12481	280	17	takeover	takeover	ADJ
cblr-12481	280	18	provisions.45	provisions.45	NOUN
cblr-12481	280	19	41	41	NUM
cblr-12481	280	20	see	see	NOUN
cblr-12481	280	21	,	,	PUNCT
cblr-12481	280	22	e.g.	e.g.	ADV
cblr-12481	280	23	,	,	PUNCT
cblr-12481	280	24	eduardo	eduardo	PROPN
cblr-12481	280	25	gallardo	gallardo	PROPN
cblr-12481	280	26	,	,	PUNCT
cblr-12481	280	27	boards	board	NOUN
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cblr-12481	280	31	duty	duty	NOUN
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cblr-12481	280	33	oversight	oversight	NOUN
cblr-12481	280	34	and	and	CCONJ
cblr-12481	280	35	esg	esg	NOUN
cblr-12481	280	36	matters	matter	NOUN
cblr-12481	280	37	:	:	PUNCT
cblr-12481	280	38	“	"	PUNCT
cblr-12481	280	39	caremark	caremark	NOUN
cblr-12481	280	40	”	"	PUNCT
cblr-12481	280	41	revisited	revisit	VERB
cblr-12481	280	42	,	,	PUNCT
cblr-12481	280	43	cls	cls	NOUN
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cblr-12481	280	45	sky	sky	NOUN
cblr-12481	280	46	blog	blog	NOUN
cblr-12481	280	47	(	(	PUNCT
cblr-12481	280	48	july	july	PROPN
cblr-12481	280	49	2	2	NUM
cblr-12481	280	50	,	,	PUNCT
cblr-12481	280	51	2019	2019	NUM
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cblr-12481	280	53	,	,	PUNCT
cblr-12481	280	54	https://clsbluesky.law.columbia.edu/2019/07/02/boards-of-directors-duty-ofoversight-and-esg-matters-caremark-revisited/	https://clsbluesky.law.columbia.edu/2019/07/02/boards-of-directors-duty-ofoversight-and-esg-matters-caremark-revisited/	X
cblr-12481	281	1	[	[	X
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cblr-12481	281	4	(	(	PUNCT
cblr-12481	281	5	“	"	PUNCT
cblr-12481	281	6	[	[	X
cblr-12481	281	7	g]iven	g]iven	VERB
cblr-12481	281	8	societal	societal	ADJ
cblr-12481	281	9	concerns	concern	NOUN
cblr-12481	281	10	around	around	ADP
cblr-12481	281	11	esg	esg	NOUN
cblr-12481	281	12	matters	matter	NOUN
cblr-12481	281	13	,	,	PUNCT
cblr-12481	281	14	caremark	caremark	NOUN
cblr-12481	281	15	might	might	AUX
cblr-12481	281	16	come	come	VERB
cblr-12481	281	17	to	to	PART
cblr-12481	281	18	play	play	VERB
cblr-12481	281	19	a	a	DET
cblr-12481	281	20	more	more	ADV
cblr-12481	281	21	prominent	prominent	ADJ
cblr-12481	281	22	role	role	NOUN
cblr-12481	281	23	in	in	ADP
cblr-12481	281	24	gently	gently	ADV
cblr-12481	281	25	guiding	guide	VERB
cblr-12481	281	26	boards	board	NOUN
cblr-12481	281	27	and	and	CCONJ
cblr-12481	281	28	corporations	corporation	NOUN
cblr-12481	281	29	towards	towards	ADP
cblr-12481	281	30	more	more	ADV
cblr-12481	281	31	actively	actively	ADV
cblr-12481	281	32	incorporating	incorporate	VERB
cblr-12481	281	33	these	these	DET
cblr-12481	281	34	concerns	concern	NOUN
cblr-12481	281	35	in	in	ADP
cblr-12481	281	36	their	their	PRON
cblr-12481	281	37	decisionmaking	decisionmake	VERB
cblr-12481	281	38	process	process	NOUN
cblr-12481	281	39	.	.	PUNCT
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cblr-12481	281	42	.	.	PUNCT
cblr-12481	282	1	42	42	NUM
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cblr-12481	282	3	,	,	PUNCT
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cblr-12481	282	18	democracy	democracy	NOUN
cblr-12481	282	19	,	,	PUNCT
cblr-12481	282	20	sec	sec	PROPN
cblr-12481	282	21	(	(	PUNCT
cblr-12481	282	22	mar	mar	PROPN
cblr-12481	282	23	.	.	PROPN
cblr-12481	282	24	8	8	NUM
cblr-12481	282	25	,	,	PUNCT
cblr-12481	282	26	2022	2022	NUM
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cblr-12481	282	28	,	,	PUNCT
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cblr-12481	283	2	https://perma.cc/ms3m-qavr	https://perma.cc/ms3m-qavr	X
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cblr-12481	283	4	.	.	PUNCT
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cblr-12481	284	4	gregory	gregory	PROPN
cblr-12481	284	5	et	et	PROPN
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cblr-12481	284	7	.	.	PROPN
cblr-12481	284	8	,	,	PUNCT
cblr-12481	284	9	the	the	DET
cblr-12481	284	10	latest	late	ADJ
cblr-12481	284	11	on	on	ADP
cblr-12481	284	12	proxy	proxy	ADJ
cblr-12481	284	13	access	access	NOUN
cblr-12481	284	14	,	,	PUNCT
cblr-12481	284	15	harv	harv	PROPN
cblr-12481	284	16	.	.	PUNCT
cblr-12481	285	1	l.	l.	PROPN
cblr-12481	285	2	sch	sch	PROPN
cblr-12481	285	3	.	.	PUNCT
cblr-12481	286	1	f.	f.	PROPN
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cblr-12481	286	3	corp	corp	PROPN
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cblr-12481	286	6	.	.	PUNCT
cblr-12481	287	1	(	(	PUNCT
cblr-12481	287	2	feb	feb	PROPN
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cblr-12481	287	10	[	[	X
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cblr-12481	288	12	characterizing	characterize	VERB
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cblr-12481	288	15	of	of	ADP
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cblr-12481	288	24	contracts	contract	NOUN
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cblr-12481	288	26	up	up	ADP
cblr-12481	288	27	the	the	DET
cblr-12481	288	28	corporation	corporation	NOUN
cblr-12481	288	29	”	"	PUNCT
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cblr-12481	288	31	than	than	ADP
cblr-12481	288	32	as	as	ADP
cblr-12481	288	33	an	an	DET
cblr-12481	288	34	agent	agent	NOUN
cblr-12481	288	35	of	of	ADP
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cblr-12481	289	1	stephen	stephen	PROPN
cblr-12481	289	2	m.	m.	PROPN
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cblr-12481	289	4	,	,	PUNCT
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cblr-12481	289	6	primacy	primacy	NOUN
cblr-12481	289	7	:	:	PUNCT
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cblr-12481	289	10	and	and	CCONJ
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cblr-12481	289	12	of	of	ADP
cblr-12481	289	13	corporate	corporate	ADJ
cblr-12481	289	14	governance	governance	NOUN
cblr-12481	289	15	,	,	PUNCT
cblr-12481	289	16	97	97	NUM
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cblr-12481	289	18	.	.	PUNCT
cblr-12481	289	19	u.	u.	PROPN
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cblr-12481	289	21	rev	rev	PROPN
cblr-12481	289	22	.	.	PROPN
cblr-12481	289	23	547	547	NUM
cblr-12481	289	24	,	,	PUNCT
cblr-12481	289	25	560	560	NUM
cblr-12481	289	26	(	(	PUNCT
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cblr-12481	289	28	)	)	PUNCT
cblr-12481	289	29	.	.	PUNCT
cblr-12481	290	1	45	45	NUM
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cblr-12481	290	3	a.	a.	PROPN
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cblr-12481	290	5	,	,	PUNCT
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cblr-12481	290	7	antitakeover	antitakeover	NOUN
cblr-12481	290	8	defenses	defense	NOUN
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cblr-12481	290	11	wealth	wealth	NOUN
cblr-12481	290	12	?	?	PUNCT
cblr-12481	291	1	the	the	DET
cblr-12481	291	2	post	post	NOUN
cblr-12481	291	3	/	/	SYM
cblr-12481	291	4	ex	ex	NOUN
cblr-12481	291	5	ante	ante	NOUN
cblr-12481	291	6	valuation	valuation	NOUN
cblr-12481	291	7	problem	problem	NOUN
cblr-12481	291	8	,	,	PUNCT
cblr-12481	291	9	55	55	NUM
cblr-12481	291	10	stan	stan	NOUN
cblr-12481	291	11	.	.	PUNCT
cblr-12481	292	1	l.	l.	PROPN
cblr-12481	292	2	rev	rev	PROPN
cblr-12481	292	3	.	.	PROPN
cblr-12481	292	4	845	845	NUM
cblr-12481	292	5	,	,	PUNCT
cblr-12481	292	6	856	856	NUM
cblr-12481	292	7	(	(	PUNCT
cblr-12481	292	8	2002	2002	NUM
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cblr-12481	292	10	;	;	PUNCT
cblr-12481	292	11	steven	steven	PROPN
cblr-12481	292	12	m.	m.	PROPN
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cblr-12481	293	6	.	.	PUNCT
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cblr-12481	293	8	control	control	VERB
cblr-12481	293	9	a	a	DET
cblr-12481	293	10	third	third	ADJ
cblr-12481	293	11	governance	governance	NOUN
cblr-12481	293	12	position	position	NOUN
cblr-12481	293	13	seeks	seek	VERB
cblr-12481	293	14	to	to	PART
cblr-12481	293	15	involve	involve	VERB
cblr-12481	293	16	stakeholders	stakeholder	NOUN
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cblr-12481	293	21	.	.	PUNCT
cblr-12481	294	1	some	some	DET
cblr-12481	294	2	proposals	proposal	NOUN
cblr-12481	294	3	envision	envision	VERB
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cblr-12481	294	5	stakeholders	stakeholder	NOUN
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cblr-12481	294	8	a	a	DET
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cblr-12481	294	10	equity	equity	NOUN
cblr-12481	294	11	stake,46	stake,46	PROPN
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cblr-12481	294	13	others	other	NOUN
cblr-12481	294	14	envision	envision	VERB
cblr-12481	294	15	granting	grant	VERB
cblr-12481	294	16	them	they	PRON
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cblr-12481	294	22	point	point	VERB
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cblr-12481	294	49	warren	warren	PROPN
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cblr-12481	298	1	47	47	NUM
cblr-12481	298	2	lenore	lenore	PROPN
cblr-12481	298	3	palladino	palladino	PROPN
cblr-12481	298	4	,	,	PUNCT
cblr-12481	298	5	worker	worker	NOUN
cblr-12481	298	6	representation	representation	NOUN
cblr-12481	298	7	on	on	ADP
cblr-12481	298	8	u.s	u.s	PROPN
cblr-12481	298	9	.	.	PROPN
cblr-12481	298	10	corporate	corporate	ADJ
cblr-12481	298	11	boards	board	NOUN
cblr-12481	298	12	,	,	PUNCT
cblr-12481	298	13	harv	harv	PROPN
cblr-12481	298	14	.	.	PUNCT
cblr-12481	299	1	l.	l.	PROPN
cblr-12481	299	2	sch	sch	PROPN
cblr-12481	299	3	.	.	PUNCT
cblr-12481	300	1	f.	f.	PROPN
cblr-12481	300	2	on	on	ADP
cblr-12481	300	3	corp	corp	PROPN
cblr-12481	300	4	.	.	PROPN
cblr-12481	300	5	governance	governance	PROPN
cblr-12481	300	6	.	.	PUNCT
cblr-12481	301	1	(	(	PUNCT
cblr-12481	301	2	dec	dec	PROPN
cblr-12481	301	3	.	.	PROPN
cblr-12481	301	4	30	30	NUM
cblr-12481	301	5	,	,	PUNCT
cblr-12481	301	6	2019	2019	NUM
cblr-12481	301	7	)	)	PUNCT
cblr-12481	301	8	,	,	PUNCT
cblr-12481	301	9	https://corpgov.law.harvard.edu/2019/12/30/worker-representation-on-u-s-corporateboards/	https://corpgov.law.harvard.edu/2019/12/30/worker-representation-on-u-s-corporateboards/	PROPN
cblr-12481	301	10	[	[	X
cblr-12481	301	11	https://perma.cc/4h8n-c73s	https://perma.cc/4h8n-c73s	PROPN
cblr-12481	301	12	]	]	X
cblr-12481	301	13	.	.	PUNCT
cblr-12481	302	1	48	48	NUM
cblr-12481	302	2	grant	grant	PROPN
cblr-12481	302	3	m.	m.	PROPN
cblr-12481	302	4	hayden	hayden	PROPN
cblr-12481	302	5	&	&	CCONJ
cblr-12481	302	6	matthew	matthew	PROPN
cblr-12481	302	7	t.	t.	PROPN
cblr-12481	302	8	bodie	bodie	PROPN
cblr-12481	302	9	,	,	PUNCT
cblr-12481	302	10	codetermination	codetermination	NOUN
cblr-12481	302	11	in	in	ADP
cblr-12481	302	12	theory	theory	NOUN
cblr-12481	302	13	and	and	CCONJ
cblr-12481	302	14	practice	practice	NOUN
cblr-12481	302	15	,	,	PUNCT
cblr-12481	302	16	73	73	NUM
cblr-12481	302	17	fla	fla	NOUN
cblr-12481	302	18	.	.	PUNCT
cblr-12481	303	1	l.	l.	PROPN
cblr-12481	303	2	rev	rev	PROPN
cblr-12481	303	3	.	.	PROPN
cblr-12481	303	4	321	321	NUM
cblr-12481	303	5	,	,	PUNCT
cblr-12481	303	6	325	325	NUM
cblr-12481	303	7	(	(	PUNCT
cblr-12481	303	8	2021	2021	NUM
cblr-12481	303	9	)	)	PUNCT
cblr-12481	303	10	;	;	PUNCT
cblr-12481	303	11	while	while	SCONJ
cblr-12481	303	12	not	not	PART
cblr-12481	303	13	in	in	ADP
cblr-12481	303	14	effect	effect	NOUN
cblr-12481	303	15	today	today	NOUN
cblr-12481	303	16	,	,	PUNCT
cblr-12481	303	17	several	several	ADJ
cblr-12481	303	18	states	state	NOUN
cblr-12481	303	19	have	have	AUX
cblr-12481	303	20	codified	codify	VERB
cblr-12481	303	21	codetermination	codetermination	NOUN
cblr-12481	303	22	statutes	statute	NOUN
cblr-12481	303	23	that	that	PRON
cblr-12481	303	24	would	would	AUX
cblr-12481	303	25	acknowledge	acknowledge	VERB
cblr-12481	303	26	workers	worker	NOUN
cblr-12481	303	27	as	as	ADP
cblr-12481	303	28	principals	principal	NOUN
cblr-12481	303	29	and	and	CCONJ
cblr-12481	303	30	grant	grant	VERB
cblr-12481	303	31	them	they	PRON
cblr-12481	303	32	direct	direct	ADJ
cblr-12481	303	33	participation	participation	NOUN
cblr-12481	303	34	in	in	ADP
cblr-12481	303	35	governance	governance	NOUN
cblr-12481	303	36	.	.	PUNCT
cblr-12481	304	1	see	see	VERB
cblr-12481	304	2	e.g.	e.g.	ADV
cblr-12481	304	3	,	,	PUNCT
cblr-12481	304	4	mass	mass	PROPN
cblr-12481	304	5	.	.	PUNCT
cblr-12481	305	1	gen	gen	PROPN
cblr-12481	305	2	.	.	PROPN
cblr-12481	305	3	laws	laws	PROPN
cblr-12481	305	4	ann	ann	PROPN
cblr-12481	305	5	.	.	PUNCT
cblr-12481	306	1	ch	ch	PROPN
cblr-12481	306	2	.	.	PROPN
cblr-12481	306	3	156	156	NUM
cblr-12481	306	4	,	,	PUNCT
cblr-12481	306	5	§	§	PROPN
cblr-12481	306	6	23	23	NUM
cblr-12481	306	7	(	(	PUNCT
cblr-12481	306	8	2018	2018	NUM
cblr-12481	306	9	)	)	PUNCT
cblr-12481	306	10	(	(	PUNCT
cblr-12481	306	11	“	"	PUNCT
cblr-12481	306	12	a	a	DET
cblr-12481	306	13	manufacturing	manufacturing	NOUN
cblr-12481	306	14	corporation	corporation	NOUN
cblr-12481	306	15	may	may	AUX
cblr-12481	306	16	provide	provide	VERB
cblr-12481	306	17	by	by	ADP
cblr-12481	306	18	by	by	ADP
cblr-12481	306	19	-	-	PUNCT
cblr-12481	306	20	law	law	NOUN
cblr-12481	306	21	for	for	ADP
cblr-12481	306	22	the	the	DET
cblr-12481	306	23	nomination	nomination	NOUN
cblr-12481	306	24	and	and	CCONJ
cblr-12481	306	25	election	election	NOUN
cblr-12481	306	26	by	by	ADP
cblr-12481	306	27	its	its	PRON
cblr-12481	306	28	employees	employee	NOUN
cblr-12481	306	29	of	of	ADP
cblr-12481	306	30	one	one	NUM
cblr-12481	306	31	or	or	CCONJ
cblr-12481	306	32	more	more	ADJ
cblr-12481	306	33	of	of	ADP
cblr-12481	306	34	them	they	PRON
cblr-12481	306	35	as	as	ADP
cblr-12481	306	36	members	member	NOUN
cblr-12481	306	37	of	of	ADP
cblr-12481	306	38	its	its	PRON
cblr-12481	306	39	board	board	NOUN
cblr-12481	306	40	of	of	ADP
cblr-12481	306	41	directors	director	NOUN
cblr-12481	306	42	.	.	PUNCT
cblr-12481	306	43	.	.	PUNCT
cblr-12481	306	44	.	.	PUNCT
cblr-12481	307	1	a	a	DET
cblr-12481	307	2	director	director	NOUN
cblr-12481	307	3	elected	elect	VERB
cblr-12481	307	4	by	by	ADP
cblr-12481	307	5	the	the	DET
cblr-12481	307	6	employees	employee	NOUN
cblr-12481	307	7	shall	shall	AUX
cblr-12481	307	8	have	have	VERB
cblr-12481	307	9	the	the	DET
cblr-12481	307	10	same	same	ADJ
cblr-12481	307	11	rights	right	NOUN
cblr-12481	307	12	and	and	CCONJ
cblr-12481	307	13	powers	power	NOUN
cblr-12481	307	14	and	and	CCONJ
cblr-12481	307	15	shall	shall	AUX
cblr-12481	307	16	be	be	AUX
cblr-12481	307	17	subject	subject	ADJ
cblr-12481	307	18	to	to	ADP
cblr-12481	307	19	the	the	DET
cblr-12481	307	20	same	same	ADJ
cblr-12481	307	21	duties	duty	NOUN
cblr-12481	307	22	and	and	CCONJ
cblr-12481	307	23	responsibilities	responsibility	NOUN
cblr-12481	307	24	as	as	ADP
cblr-12481	307	25	a	a	DET
cblr-12481	307	26	director	director	NOUN
cblr-12481	307	27	elected	elect	VERB
cblr-12481	307	28	by	by	ADP
cblr-12481	307	29	the	the	DET
cblr-12481	307	30	stockholders	stockholder	NOUN
cblr-12481	307	31	.	.	PUNCT
cblr-12481	307	32	”	"	PUNCT
cblr-12481	307	33	)	)	PUNCT
cblr-12481	307	34	.	.	PUNCT
cblr-12481	308	1	49	49	NUM
cblr-12481	308	2	on	on	ADP
cblr-12481	308	3	the	the	DET
cblr-12481	308	4	presidential	presidential	ADJ
cblr-12481	308	5	campaign	campaign	NOUN
cblr-12481	308	6	trail	trail	NOUN
cblr-12481	308	7	,	,	PUNCT
cblr-12481	308	8	senator	senator	PROPN
cblr-12481	308	9	bernie	bernie	PROPN
cblr-12481	308	10	sanders	sanders	PROPN
cblr-12481	308	11	proposed	propose	VERB
cblr-12481	308	12	democratizing	democratize	VERB
cblr-12481	308	13	corporate	corporate	ADJ
cblr-12481	308	14	boards	board	NOUN
cblr-12481	308	15	and	and	CCONJ
cblr-12481	308	16	requiring	require	VERB
cblr-12481	308	17	federal	federal	ADJ
cblr-12481	308	18	stakeholder	stakeholder	NOUN
cblr-12481	308	19	charters	charter	NOUN
cblr-12481	308	20	for	for	ADP
cblr-12481	308	21	large	large	ADJ
cblr-12481	308	22	companies	company	NOUN
cblr-12481	308	23	.	.	PUNCT
cblr-12481	309	1	bernie	bernie	PROPN
cblr-12481	309	2	sanders	sanders	PROPN
cblr-12481	309	3	,	,	PUNCT
cblr-12481	309	4	issues	issue	NOUN
cblr-12481	309	5	:	:	PUNCT
cblr-12481	309	6	corporate	corporate	ADJ
cblr-12481	309	7	accountability	accountability	NOUN
cblr-12481	309	8	and	and	CCONJ
cblr-12481	309	9	democracy	democracy	NOUN
cblr-12481	309	10	,	,	PUNCT
cblr-12481	309	11	bernie	bernie	PROPN
cblr-12481	309	12	,	,	PUNCT
cblr-12481	309	13	https://berniesanders.com/issues/corporateaccountability-and-democracy/	https://berniesanders.com/issues/corporateaccountability-and-democracy/	NOUN
cblr-12481	310	1	[	[	X
cblr-12481	310	2	https://perma.cc/v6at-jf9b	https://perma.cc/v6at-jf9b	X
cblr-12481	310	3	]	]	X
cblr-12481	310	4	(	(	PUNCT
cblr-12481	310	5	last	last	ADJ
cblr-12481	310	6	visited	visit	VERB
cblr-12481	310	7	feb	feb	PROPN
cblr-12481	310	8	.	.	PROPN
cblr-12481	310	9	10	10	NUM
cblr-12481	310	10	,	,	PUNCT
cblr-12481	310	11	2023	2023	NUM
cblr-12481	310	12	)	)	PUNCT
cblr-12481	310	13	(	(	PUNCT
cblr-12481	310	14	under	under	ADP
cblr-12481	310	15	this	this	DET
cblr-12481	310	16	proposed	propose	VERB
cblr-12481	310	17	plan	plan	NOUN
cblr-12481	310	18	,	,	PUNCT
cblr-12481	310	19	“	"	PUNCT
cblr-12481	310	20	all	all	DET
cblr-12481	310	21	publicly	publicly	ADV
cblr-12481	310	22	traded	trade	VERB
cblr-12481	310	23	companies	company	NOUN
cblr-12481	310	24	must	must	AUX
cblr-12481	310	25	obtain	obtain	VERB
cblr-12481	310	26	a	a	DET
cblr-12481	310	27	federal	federal	ADJ
cblr-12481	310	28	charter	charter	NOUN
cblr-12481	310	29	from	from	ADP
cblr-12481	310	30	a	a	DET
cblr-12481	310	31	newly	newly	ADV
cblr-12481	310	32	established	establish	VERB
cblr-12481	310	33	bureau	bureau	NOUN
cblr-12481	310	34	of	of	ADP
cblr-12481	310	35	corporate	corporate	ADJ
cblr-12481	310	36	governance	governance	NOUN
cblr-12481	310	37	at	at	ADP
cblr-12481	310	38	the	the	DET
cblr-12481	310	39	department	department	PROPN
cblr-12481	310	40	of	of	ADP
cblr-12481	310	41	commerce	commerce	PROPN
cblr-12481	310	42	.	.	PUNCT
cblr-12481	311	1	this	this	DET
cblr-12481	311	2	new	new	ADJ
cblr-12481	311	3	federal	federal	ADJ
cblr-12481	311	4	charter	charter	NOUN
cblr-12481	311	5	will	will	AUX
cblr-12481	311	6	require	require	VERB
cblr-12481	311	7	corporate	corporate	ADJ
cblr-12481	311	8	boards	board	NOUN
cblr-12481	311	9	to	to	PART
cblr-12481	311	10	consider	consider	VERB
cblr-12481	311	11	the	the	DET
cblr-12481	311	12	interests	interest	NOUN
cblr-12481	311	13	of	of	ADP
cblr-12481	311	14	all	all	PRON
cblr-12481	311	15	of	of	ADP
cblr-12481	311	16	the	the	DET
cblr-12481	311	17	stakeholders	stakeholder	NOUN
cblr-12481	311	18	in	in	ADP
cblr-12481	311	19	a	a	DET
cblr-12481	311	20	company	company	NOUN
cblr-12481	311	21	–	–	PUNCT
cblr-12481	311	22	including	include	VERB
cblr-12481	311	23	workers	worker	NOUN
cblr-12481	311	24	,	,	PUNCT
cblr-12481	311	25	customers	customer	NOUN
cblr-12481	311	26	,	,	PUNCT
cblr-12481	311	27	shareholders	shareholder	NOUN
cblr-12481	311	28	,	,	PUNCT
cblr-12481	311	29	and	and	CCONJ
cblr-12481	311	30	the	the	DET
cblr-12481	311	31	no	no	NOUN
cblr-12481	311	32	.	.	NOUN
cblr-12481	311	33	2	2	NUM
cblr-12481	311	34	]	]	X
cblr-12481	311	35	corporate	corporate	ADJ
cblr-12481	311	36	technocracy	technocracy	NOUN
cblr-12481	311	37	845	845	NUM
cblr-12481	311	38	c.	c.	NOUN
cblr-12481	311	39	four	four	NUM
cblr-12481	311	40	esg	esg	NOUN
cblr-12481	311	41	governance	governance	NOUN
cblr-12481	311	42	paradigms	paradigm	VERB
cblr-12481	311	43	the	the	DET
cblr-12481	311	44	intersection	intersection	NOUN
cblr-12481	311	45	of	of	ADP
cblr-12481	311	46	claims	claim	NOUN
cblr-12481	311	47	concerning	concern	VERB
cblr-12481	311	48	corporate	corporate	ADJ
cblr-12481	311	49	purpose	purpose	NOUN
cblr-12481	311	50	and	and	CCONJ
cblr-12481	311	51	corporate	corporate	ADJ
cblr-12481	311	52	power	power	NOUN
cblr-12481	311	53	yield	yield	NOUN
cblr-12481	311	54	four	four	NUM
cblr-12481	311	55	main	main	ADJ
cblr-12481	311	56	esg	esg	NOUN
cblr-12481	311	57	paradigms	paradigm	NOUN
cblr-12481	311	58	.	.	PUNCT
cblr-12481	312	1	each	each	PRON
cblr-12481	312	2	of	of	ADP
cblr-12481	312	3	these	these	DET
cblr-12481	312	4	paradigms	paradigms	NOUN
cblr-12481	312	5	advances	advance	VERB
cblr-12481	312	6	a	a	DET
cblr-12481	312	7	distinct	distinct	ADJ
cblr-12481	312	8	corporate	corporate	ADJ
cblr-12481	312	9	political	political	ADJ
cblr-12481	312	10	economy	economy	NOUN
cblr-12481	312	11	.	.	PUNCT
cblr-12481	313	1	while	while	SCONJ
cblr-12481	313	2	all	all	PRON
cblr-12481	313	3	of	of	ADP
cblr-12481	313	4	these	these	PRON
cblr-12481	313	5	paradigms	paradigm	NOUN
cblr-12481	313	6	purportedly	purportedly	ADV
cblr-12481	313	7	share	share	VERB
cblr-12481	313	8	a	a	DET
cblr-12481	313	9	common	common	ADJ
cblr-12481	313	10	end	end	NOUN
cblr-12481	313	11	,	,	PUNCT
cblr-12481	313	12	as	as	ADP
cblr-12481	313	13	a	a	DET
cblr-12481	313	14	matter	matter	NOUN
cblr-12481	313	15	of	of	ADP
cblr-12481	313	16	governance	governance	NOUN
cblr-12481	313	17	reform	reform	NOUN
cblr-12481	313	18	they	they	PRON
cblr-12481	313	19	require	require	VERB
cblr-12481	313	20	distinct	distinct	ADJ
cblr-12481	313	21	and	and	CCONJ
cblr-12481	313	22	at	at	ADP
cblr-12481	313	23	times	time	NOUN
cblr-12481	313	24	even	even	ADV
cblr-12481	313	25	contradictory	contradictory	ADJ
cblr-12481	313	26	agendas	agenda	NOUN
cblr-12481	313	27	.	.	PUNCT
cblr-12481	314	1	1	1	X
cblr-12481	314	2	.	.	NUM
cblr-12481	314	3	enlightened	enlightened	PROPN
cblr-12481	314	4	shareholder	shareholder	NOUN
cblr-12481	314	5	primacy	primacy	NOUN
cblr-12481	314	6	enlightened	enlighten	VERB
cblr-12481	314	7	shareholder	shareholder	NOUN
cblr-12481	314	8	primacy	primacy	NOUN
cblr-12481	314	9	maintains	maintain	VERB
cblr-12481	314	10	that	that	SCONJ
cblr-12481	314	11	corporate	corporate	ADJ
cblr-12481	314	12	purpose	purpose	NOUN
cblr-12481	314	13	is	be	AUX
cblr-12481	314	14	profit	profit	NOUN
cblr-12481	314	15	generation	generation	NOUN
cblr-12481	314	16	for	for	ADP
cblr-12481	314	17	shareholders	shareholder	NOUN
cblr-12481	314	18	,	,	PUNCT
cblr-12481	314	19	but	but	CCONJ
cblr-12481	314	20	that	that	SCONJ
cblr-12481	314	21	managers	manager	NOUN
cblr-12481	314	22	should	should	AUX
cblr-12481	314	23	account	account	VERB
cblr-12481	314	24	for	for	ADP
cblr-12481	314	25	other	other	ADJ
cblr-12481	314	26	prosocial	prosocial	ADJ
cblr-12481	314	27	objectives	objective	NOUN
cblr-12481	314	28	when	when	SCONJ
cblr-12481	314	29	they	they	PRON
cblr-12481	314	30	do	do	AUX
cblr-12481	314	31	not	not	PART
cblr-12481	314	32	come	come	VERB
cblr-12481	314	33	in	in	ADP
cblr-12481	314	34	conflict	conflict	NOUN
cblr-12481	314	35	with	with	ADP
cblr-12481	314	36	this	this	DET
cblr-12481	314	37	end	end	NOUN
cblr-12481	314	38	.	.	PUNCT
cblr-12481	315	1	the	the	DET
cblr-12481	315	2	business	business	NOUN
cblr-12481	315	3	judgment	judgment	NOUN
cblr-12481	315	4	rule50	rule50	NOUN
cblr-12481	315	5	insulates	insulate	VERB
cblr-12481	315	6	managerial	managerial	ADJ
cblr-12481	315	7	decisions	decision	NOUN
cblr-12481	315	8	from	from	ADP
cblr-12481	315	9	challenge	challenge	NOUN
cblr-12481	315	10	by	by	ADP
cblr-12481	315	11	shareholders51	shareholders51	NOUN
cblr-12481	315	12	if	if	SCONJ
cblr-12481	315	13	they	they	PRON
cblr-12481	315	14	have	have	VERB
cblr-12481	315	15	a	a	DET
cblr-12481	315	16	plausible	plausible	ADJ
cblr-12481	315	17	rational	rational	ADJ
cblr-12481	315	18	business	business	NOUN
cblr-12481	315	19	communities	community	NOUN
cblr-12481	315	20	in	in	ADP
cblr-12481	315	21	which	which	PRON
cblr-12481	315	22	the	the	DET
cblr-12481	315	23	corporation	corporation	NOUN
cblr-12481	315	24	operates	operate	VERB
cblr-12481	315	25	.	.	PUNCT
cblr-12481	315	26	”	"	PUNCT
cblr-12481	315	27	)	)	PUNCT
cblr-12481	315	28	.	.	PUNCT
cblr-12481	316	1	the	the	DET
cblr-12481	316	2	accountable	accountable	ADJ
cblr-12481	316	3	capitalism	capitalism	NOUN
cblr-12481	316	4	act	act	NOUN
cblr-12481	316	5	introduced	introduce	VERB
cblr-12481	316	6	by	by	ADP
cblr-12481	316	7	senator	senator	PROPN
cblr-12481	316	8	elizabeth	elizabeth	PROPN
cblr-12481	316	9	warren	warren	PROPN
cblr-12481	316	10	in	in	ADP
cblr-12481	316	11	2018	2018	NUM
cblr-12481	316	12	would	would	AUX
cblr-12481	316	13	require	require	VERB
cblr-12481	316	14	corporate	corporate	ADJ
cblr-12481	316	15	boards	board	NOUN
cblr-12481	316	16	to	to	PART
cblr-12481	316	17	“	"	PUNCT
cblr-12481	316	18	include	include	VERB
cblr-12481	316	19	substantial	substantial	ADJ
cblr-12481	316	20	employee	employee	NOUN
cblr-12481	316	21	participation	participation	NOUN
cblr-12481	316	22	”	"	PUNCT
cblr-12481	316	23	with	with	ADP
cblr-12481	316	24	“	"	PUNCT
cblr-12481	316	25	no	no	DET
cblr-12481	316	26	fewer	few	ADJ
cblr-12481	316	27	than	than	ADP
cblr-12481	316	28	40	40	NUM
cblr-12481	316	29	%	%	NOUN
cblr-12481	316	30	of	of	ADP
cblr-12481	316	31	its	its	PRON
cblr-12481	316	32	directors	director	NOUN
cblr-12481	316	33	[	[	X
cblr-12481	316	34	being	be	AUX
cblr-12481	316	35	]	]	PUNCT
cblr-12481	316	36	selected	select	VERB
cblr-12481	316	37	by	by	ADP
cblr-12481	316	38	the	the	DET
cblr-12481	316	39	[	[	X
cblr-12481	316	40	its	its	PRON
cblr-12481	316	41	]	]	X
cblr-12481	316	42	employees	employee	NOUN
cblr-12481	316	43	.	.	PUNCT
cblr-12481	316	44	”	"	PUNCT
cblr-12481	317	1	this	this	PRON
cblr-12481	317	2	too	too	ADV
cblr-12481	317	3	,	,	PUNCT
cblr-12481	317	4	reflects	reflect	VERB
cblr-12481	317	5	an	an	DET
cblr-12481	317	6	expanded	expand	VERB
cblr-12481	317	7	principal	principal	ADJ
cblr-12481	317	8	base	base	NOUN
cblr-12481	317	9	.	.	PUNCT
cblr-12481	318	1	elizabeth	elizabeth	PROPN
cblr-12481	318	2	warren	warren	PROPN
cblr-12481	318	3	,	,	PUNCT
cblr-12481	318	4	accountable	accountable	ADJ
cblr-12481	318	5	capitalism	capitalism	NOUN
cblr-12481	318	6	act	act	NOUN
cblr-12481	318	7	,	,	PUNCT
cblr-12481	318	8	https://www.warren.senate.gov/imo/media/doc/accountable%20capitalism%20act%20one-pager.pdf	https://www.warren.senate.gov/imo/media/doc/accountable%20capitalism%20act%20one-pager.pdf	PROPN
cblr-12481	318	9	[	[	X
cblr-12481	318	10	https://perma.cc/y76v-s8f9	https://perma.cc/y76v-s8f9	X
cblr-12481	318	11	]	]	X
cblr-12481	318	12	(	(	PUNCT
cblr-12481	318	13	last	last	ADV
cblr-12481	318	14	visited	visit	VERB
cblr-12481	318	15	dec	dec	PROPN
cblr-12481	318	16	.	.	PROPN
cblr-12481	318	17	12	12	NUM
cblr-12481	318	18	,	,	PUNCT
cblr-12481	318	19	2023	2023	NUM
cblr-12481	318	20	)	)	PUNCT
cblr-12481	318	21	.	.	PUNCT
cblr-12481	319	1	50	50	NUM
cblr-12481	319	2	a	a	DET
cblr-12481	319	3	cornerstone	cornerstone	NOUN
cblr-12481	319	4	of	of	ADP
cblr-12481	319	5	delaware	delaware	PROPN
cblr-12481	319	6	law	law	PROPN
cblr-12481	319	7	,	,	PUNCT
cblr-12481	319	8	the	the	DET
cblr-12481	319	9	business	business	NOUN
cblr-12481	319	10	judgment	judgment	NOUN
cblr-12481	319	11	rule	rule	NOUN
cblr-12481	319	12	(	(	PUNCT
cblr-12481	319	13	bjr	bjr	NOUN
cblr-12481	319	14	)	)	PUNCT
cblr-12481	319	15	prevents	prevent	VERB
cblr-12481	319	16	second	second	ADJ
cblr-12481	319	17	guessing	guessing	NOUN
cblr-12481	319	18	of	of	ADP
cblr-12481	319	19	board	board	NOUN
cblr-12481	319	20	decisions	decision	NOUN
cblr-12481	319	21	by	by	ADP
cblr-12481	319	22	the	the	DET
cblr-12481	319	23	courts	court	NOUN
cblr-12481	319	24	“	"	PUNCT
cblr-12481	319	25	absent	absent	VERB
cblr-12481	319	26	an	an	DET
cblr-12481	319	27	abuse	abuse	NOUN
cblr-12481	319	28	of	of	ADP
cblr-12481	319	29	discretion	discretion	NOUN
cblr-12481	319	30	.	.	PUNCT
cblr-12481	319	31	”	"	PUNCT
cblr-12481	320	1	orman	orman	PROPN
cblr-12481	320	2	v.	v.	PROPN
cblr-12481	320	3	cullman	cullman	PROPN
cblr-12481	320	4	,	,	PUNCT
cblr-12481	320	5	794	794	NUM
cblr-12481	320	6	a.2d	a.2d	SYM
cblr-12481	320	7	5	5	NUM
cblr-12481	320	8	,	,	PUNCT
cblr-12481	320	9	19–20	19–20	NUM
cblr-12481	320	10	(	(	PUNCT
cblr-12481	320	11	del	del	PROPN
cblr-12481	320	12	.	.	PROPN
cblr-12481	320	13	ch	ch	PROPN
cblr-12481	320	14	.	.	PROPN
cblr-12481	320	15	2002	2002	NUM
cblr-12481	320	16	)	)	PUNCT
cblr-12481	320	17	;	;	PUNCT
cblr-12481	320	18	see	see	VERB
cblr-12481	320	19	also	also	ADV
cblr-12481	320	20	westmoreland	westmoreland	PROPN
cblr-12481	320	21	cnty	cnty	PROPN
cblr-12481	320	22	.	.	PUNCT
cblr-12481	321	1	emp	emp	PROPN
cblr-12481	321	2	.	.	PUNCT
cblr-12481	322	1	ret	ret	PROPN
cblr-12481	322	2	.	.	PUNCT
cblr-12481	323	1	sys	sys	PROPN
cblr-12481	323	2	.	.	PUNCT
cblr-12481	324	1	v.	v.	ADP
cblr-12481	324	2	parkinson	parkinson	NOUN
cblr-12481	324	3	,	,	PUNCT
cblr-12481	324	4	727	727	NUM
cblr-12481	324	5	f.3d	f.3d	NUM
cblr-12481	324	6	719	719	NUM
cblr-12481	324	7	,	,	PUNCT
cblr-12481	324	8	725	725	NUM
cblr-12481	324	9	(	(	PUNCT
cblr-12481	324	10	7th	7th	ADJ
cblr-12481	324	11	cir	cir	NOUN
cblr-12481	324	12	.	.	PROPN
cblr-12481	324	13	2013	2013	NUM
cblr-12481	324	14	)	)	PUNCT
cblr-12481	324	15	(	(	PUNCT
cblr-12481	324	16	“	"	PUNCT
cblr-12481	324	17	[	[	X
cblr-12481	324	18	t]he	t]he	X
cblr-12481	324	19	business	business	NOUN
cblr-12481	324	20	judgment	judgment	NOUN
cblr-12481	324	21	rule	rule	NOUN
cblr-12481	324	22	establishes	establish	VERB
cblr-12481	324	23	a	a	DET
cblr-12481	324	24	presumption	presumption	NOUN
cblr-12481	324	25	that	that	SCONJ
cblr-12481	324	26	in	in	ADP
cblr-12481	324	27	making	make	VERB
cblr-12481	324	28	a	a	DET
cblr-12481	324	29	business	business	NOUN
cblr-12481	324	30	decision	decision	NOUN
cblr-12481	324	31	the	the	DET
cblr-12481	324	32	directors	director	NOUN
cblr-12481	324	33	of	of	ADP
cblr-12481	324	34	a	a	DET
cblr-12481	324	35	corporation	corporation	NOUN
cblr-12481	324	36	acted	act	VERB
cblr-12481	324	37	on	on	ADP
cblr-12481	324	38	an	an	DET
cblr-12481	324	39	informed	informed	ADJ
cblr-12481	324	40	basis	basis	NOUN
cblr-12481	324	41	,	,	PUNCT
cblr-12481	324	42	in	in	ADP
cblr-12481	324	43	good	good	ADJ
cblr-12481	324	44	faith	faith	NOUN
cblr-12481	324	45	and	and	CCONJ
cblr-12481	324	46	in	in	ADP
cblr-12481	324	47	the	the	DET
cblr-12481	324	48	honest	honest	ADJ
cblr-12481	324	49	belief	belief	NOUN
cblr-12481	324	50	that	that	SCONJ
cblr-12481	324	51	the	the	DET
cblr-12481	324	52	action	action	NOUN
cblr-12481	324	53	taken	take	VERB
cblr-12481	324	54	was	be	AUX
cblr-12481	324	55	in	in	ADP
cblr-12481	324	56	the	the	DET
cblr-12481	324	57	best	good	ADJ
cblr-12481	324	58	interests	interest	NOUN
cblr-12481	324	59	of	of	ADP
cblr-12481	324	60	the	the	DET
cblr-12481	324	61	company	company	NOUN
cblr-12481	324	62	.	.	PUNCT
cblr-12481	324	63	”	"	PUNCT
cblr-12481	325	1	)	)	PUNCT
cblr-12481	325	2	(	(	PUNCT
cblr-12481	325	3	citation	citation	NOUN
cblr-12481	325	4	omitted	omit	VERB
cblr-12481	325	5	)	)	PUNCT
cblr-12481	325	6	.	.	PUNCT
cblr-12481	326	1	the	the	DET
cblr-12481	326	2	presumption	presumption	NOUN
cblr-12481	326	3	in	in	ADP
cblr-12481	326	4	favor	favor	NOUN
cblr-12481	326	5	of	of	ADP
cblr-12481	326	6	management	management	NOUN
cblr-12481	326	7	for	for	ADP
cblr-12481	326	8	ordinary	ordinary	ADJ
cblr-12481	326	9	business	business	NOUN
cblr-12481	326	10	decisions	decision	NOUN
cblr-12481	326	11	is	be	AUX
cblr-12481	326	12	in	in	ADP
cblr-12481	326	13	the	the	DET
cblr-12481	326	14	interest	interest	NOUN
cblr-12481	326	15	of	of	ADP
cblr-12481	326	16	decision	decision	NOUN
cblr-12481	326	17	-	-	PUNCT
cblr-12481	326	18	making	make	VERB
cblr-12481	326	19	efficiency	efficiency	NOUN
cblr-12481	326	20	.	.	PUNCT
cblr-12481	327	1	see	see	VERB
cblr-12481	327	2	stephen	stephen	PROPN
cblr-12481	327	3	m.	m.	PROPN
cblr-12481	327	4	bainbridge	bainbridge	PROPN
cblr-12481	327	5	,	,	PUNCT
cblr-12481	327	6	the	the	DET
cblr-12481	327	7	business	business	NOUN
cblr-12481	327	8	judgment	judgment	NOUN
cblr-12481	327	9	rule	rule	NOUN
cblr-12481	327	10	as	as	ADP
cblr-12481	327	11	abstention	abstention	NOUN
cblr-12481	327	12	doctrine	doctrine	NOUN
cblr-12481	327	13	,	,	PUNCT
cblr-12481	327	14	57	57	NUM
cblr-12481	327	15	vand	vand	NOUN
cblr-12481	327	16	.	.	PUNCT
cblr-12481	328	1	l.	l.	PROPN
cblr-12481	328	2	rev	rev	PROPN
cblr-12481	328	3	.	.	PROPN
cblr-12481	328	4	83	83	NUM
cblr-12481	328	5	(	(	PUNCT
cblr-12481	328	6	2004	2004	NUM
cblr-12481	328	7	)	)	PUNCT
cblr-12481	328	8	.	.	PUNCT
cblr-12481	329	1	51	51	NUM
cblr-12481	329	2	delaware	delaware	PROPN
cblr-12481	329	3	corporate	corporate	ADJ
cblr-12481	329	4	law	law	NOUN
cblr-12481	329	5	delegates	delegate	NOUN
cblr-12481	329	6	operational	operational	ADJ
cblr-12481	329	7	decisions	decision	NOUN
cblr-12481	329	8	to	to	ADP
cblr-12481	329	9	managers	manager	NOUN
cblr-12481	329	10	,	,	PUNCT
cblr-12481	329	11	while	while	SCONJ
cblr-12481	329	12	reserving	reserve	VERB
cblr-12481	329	13	to	to	ADP
cblr-12481	329	14	shareholders	shareholder	NOUN
cblr-12481	329	15	a	a	DET
cblr-12481	329	16	role	role	NOUN
cblr-12481	329	17	in	in	ADP
cblr-12481	329	18	certain	certain	ADJ
cblr-12481	329	19	special	special	ADJ
cblr-12481	329	20	corporate	corporate	ADJ
cblr-12481	329	21	decisions	decision	NOUN
cblr-12481	329	22	.	.	PUNCT
cblr-12481	330	1	these	these	PRON
cblr-12481	330	2	include	include	VERB
cblr-12481	330	3	amending	amend	VERB
cblr-12481	330	4	a	a	DET
cblr-12481	330	5	corporate	corporate	ADJ
cblr-12481	330	6	charter	charter	NOUN
cblr-12481	330	7	or	or	CCONJ
cblr-12481	330	8	bylaws	bylaw	NOUN
cblr-12481	330	9	,	,	PUNCT
cblr-12481	330	10	merging	merge	VERB
cblr-12481	330	11	,	,	PUNCT
cblr-12481	330	12	and	and	CCONJ
cblr-12481	330	13	approving	approve	VERB
cblr-12481	330	14	equity	equity	NOUN
cblr-12481	330	15	compensation	compensation	NOUN
cblr-12481	330	16	plans	plan	NOUN
cblr-12481	330	17	.	.	PUNCT
cblr-12481	331	1	see	see	VERB
cblr-12481	331	2	,	,	PUNCT
cblr-12481	331	3	e.g.	e.g.	ADV
cblr-12481	331	4	,	,	PUNCT
cblr-12481	331	5	del	del	PROPN
cblr-12481	331	6	.	.	PROPN
cblr-12481	331	7	code	code	PROPN
cblr-12481	331	8	ann	ann	PROPN
cblr-12481	331	9	.	.	PUNCT
cblr-12481	332	1	tit	tit	PROPN
cblr-12481	332	2	.	.	PROPN
cblr-12481	333	1	8	8	NUM
cblr-12481	333	2	,	,	PUNCT
cblr-12481	333	3	§	§	PROPN
cblr-12481	333	4	251(c	251(c	PROPN
cblr-12481	333	5	)	)	PUNCT
cblr-12481	333	6	(	(	PUNCT
cblr-12481	333	7	2001	2001	NUM
cblr-12481	333	8	)	)	PUNCT
cblr-12481	333	9	(	(	PUNCT
cblr-12481	333	10	requiring	require	VERB
cblr-12481	333	11	shareholder	shareholder	NOUN
cblr-12481	333	12	approval	approval	NOUN
cblr-12481	333	13	for	for	ADP
cblr-12481	333	14	certain	certain	ADJ
cblr-12481	333	15	mergers	merger	NOUN
cblr-12481	333	16	)	)	PUNCT
cblr-12481	333	17	;	;	PUNCT
cblr-12481	333	18	i	i	PROPN
cblr-12481	333	19	d.	d.	PROPN
cblr-12481	333	20	§	§	PROPN
cblr-12481	333	21	242(b	242(b	PROPN
cblr-12481	333	22	)	)	PUNCT
cblr-12481	333	23	(	(	PUNCT
cblr-12481	333	24	requiring	require	VERB
cblr-12481	333	25	shareholder	shareholder	NOUN
cblr-12481	333	26	approval	approval	NOUN
cblr-12481	333	27	for	for	ADP
cblr-12481	333	28	charter	charter	NOUN
cblr-12481	333	29	amendments	amendment	NOUN
cblr-12481	333	30	)	)	PUNCT
cblr-12481	333	31	;	;	PUNCT
cblr-12481	333	32	order	order	VERB
cblr-12481	333	33	approving	approve	VERB
cblr-12481	333	34	nyse	nyse	PROPN
cblr-12481	333	35	and	and	CCONJ
cblr-12481	333	36	nasdaq	nasdaq	PROPN
cblr-12481	333	37	proposed	propose	VERB
cblr-12481	333	38	rule	rule	NOUN
cblr-12481	333	39	changes	change	NOUN
cblr-12481	333	40	relating	relate	VERB
cblr-12481	333	41	to	to	ADP
cblr-12481	333	42	equity	equity	NOUN
cblr-12481	333	43	846	846	NUM
cblr-12481	333	44	columbia	columbia	PROPN
cblr-12481	333	45	business	business	NOUN
cblr-12481	333	46	law	law	PROPN
cblr-12481	333	47	review	review	NOUN
cblr-12481	333	48	[	[	X
cblr-12481	333	49	vol	vol	NOUN
cblr-12481	333	50	.	.	PUNCT
cblr-12481	333	51	2023	2023	NUM
cblr-12481	333	52	purpose	purpose	NOUN
cblr-12481	333	53	or	or	CCONJ
cblr-12481	333	54	if	if	SCONJ
cblr-12481	333	55	they	they	PRON
cblr-12481	333	56	occur	occur	VERB
cblr-12481	333	57	in	in	ADP
cblr-12481	333	58	the	the	DET
cblr-12481	333	59	“	"	PUNCT
cblr-12481	333	60	ordinary	ordinary	ADJ
cblr-12481	333	61	course	course	NOUN
cblr-12481	333	62	of	of	ADP
cblr-12481	333	63	business	business	NOUN
cblr-12481	333	64	.	.	PUNCT
cblr-12481	334	1	”52	”52	NOUN
cblr-12481	334	2	controlling	control	VERB
cblr-12481	334	3	doctrine	doctrine	NOUN
cblr-12481	334	4	allows	allow	VERB
cblr-12481	334	5	considerable	considerable	ADJ
cblr-12481	334	6	leeway	leeway	NOUN
cblr-12481	334	7	within	within	ADP
cblr-12481	334	8	these	these	DET
cblr-12481	334	9	parameters	parameter	NOUN
cblr-12481	334	10	by	by	ADP
cblr-12481	334	11	insulating	insulate	VERB
cblr-12481	334	12	managers	manager	NOUN
cblr-12481	334	13	’	’	PART
cblr-12481	334	14	decisions	decision	NOUN
cblr-12481	334	15	from	from	ADP
cblr-12481	334	16	review	review	NOUN
cblr-12481	334	17	absent	absent	ADJ
cblr-12481	334	18	an	an	DET
cblr-12481	334	19	abuse	abuse	NOUN
cblr-12481	334	20	of	of	ADP
cblr-12481	334	21	discretion.53	discretion.53	PROPN
cblr-12481	334	22	related	relate	VERB
cblr-12481	334	23	governance	governance	NOUN
cblr-12481	334	24	reforms	reform	NOUN
cblr-12481	334	25	aim	aim	VERB
cblr-12481	334	26	to	to	PART
cblr-12481	334	27	improve	improve	VERB
cblr-12481	334	28	incentives	incentive	NOUN
cblr-12481	334	29	for	for	SCONJ
cblr-12481	334	30	managers	manager	NOUN
cblr-12481	334	31	to	to	PART
cblr-12481	334	32	exercise	exercise	VERB
cblr-12481	334	33	their	their	PRON
cblr-12481	334	34	discretion	discretion	NOUN
cblr-12481	334	35	in	in	ADP
cblr-12481	334	36	ways	way	NOUN
cblr-12481	334	37	that	that	PRON
cblr-12481	334	38	recognize	recognize	VERB
cblr-12481	334	39	and	and	CCONJ
cblr-12481	334	40	account	account	VERB
cblr-12481	334	41	for	for	ADP
cblr-12481	334	42	externalities	externality	NOUN
cblr-12481	334	43	and	and	CCONJ
cblr-12481	334	44	stakeholder	stakeholder	NOUN
cblr-12481	334	45	impacts	impact	NOUN
cblr-12481	334	46	.	.	PUNCT
cblr-12481	335	1	one	one	NUM
cblr-12481	335	2	recent	recent	ADJ
cblr-12481	335	3	governance	governance	NOUN
cblr-12481	335	4	innovation	innovation	NOUN
cblr-12481	335	5	has	have	AUX
cblr-12481	335	6	attempted	attempt	VERB
cblr-12481	335	7	to	to	PART
cblr-12481	335	8	link	link	VERB
cblr-12481	335	9	executive	executive	ADJ
cblr-12481	335	10	compensation	compensation	NOUN
cblr-12481	335	11	to	to	ADP
cblr-12481	335	12	esg	esg	NOUN
cblr-12481	335	13	performance	performance	NOUN
cblr-12481	335	14	,	,	PUNCT
cblr-12481	335	15	for	for	ADP
cblr-12481	335	16	example	example	NOUN
cblr-12481	335	17	,	,	PUNCT
cblr-12481	335	18	but	but	CCONJ
cblr-12481	335	19	it	it	PRON
cblr-12481	335	20	has	have	AUX
cblr-12481	335	21	been	be	AUX
cblr-12481	335	22	fraught	fraught	ADJ
cblr-12481	335	23	with	with	ADP
cblr-12481	335	24	complications	complication	NOUN
cblr-12481	335	25	as	as	ADP
cblr-12481	335	26	esg	esg	NOUN
cblr-12481	335	27	indicators	indicator	NOUN
cblr-12481	335	28	and	and	CCONJ
cblr-12481	335	29	performance	performance	NOUN
cblr-12481	335	30	metrics	metric	NOUN
cblr-12481	335	31	remain	remain	VERB
cblr-12481	335	32	ambiguous.54	ambiguous.54	PROPN
cblr-12481	335	33	2	2	NUM
cblr-12481	335	34	.	.	PUNCT
cblr-12481	335	35	managerialism	managerialism	NOUN
cblr-12481	335	36	managerialism	managerialism	NOUN
cblr-12481	335	37	prevailed	prevail	VERB
cblr-12481	335	38	in	in	ADP
cblr-12481	335	39	the	the	DET
cblr-12481	335	40	first	first	ADJ
cblr-12481	335	41	half	half	NOUN
cblr-12481	335	42	of	of	ADP
cblr-12481	335	43	the	the	DET
cblr-12481	335	44	twentieth	twentieth	ADJ
cblr-12481	335	45	century	century	NOUN
cblr-12481	335	46	and	and	CCONJ
cblr-12481	335	47	considered	consider	VERB
cblr-12481	335	48	corporate	corporate	ADJ
cblr-12481	335	49	managers	manager	NOUN
cblr-12481	335	50	the	the	DET
cblr-12481	335	51	stewards	steward	NOUN
cblr-12481	335	52	of	of	ADP
cblr-12481	335	53	a	a	DET
cblr-12481	335	54	compensation	compensation	NOUN
cblr-12481	335	55	plans	plan	NOUN
cblr-12481	335	56	,	,	PUNCT
cblr-12481	335	57	68	68	NUM
cblr-12481	335	58	fed	feed	VERB
cblr-12481	335	59	.	.	PUNCT
cblr-12481	336	1	reg	reg	PROPN
cblr-12481	336	2	.	.	PUNCT
cblr-12481	337	1	39995	39995	NUM
cblr-12481	337	2	(	(	PUNCT
cblr-12481	337	3	july	july	PROPN
cblr-12481	337	4	3	3	NUM
cblr-12481	337	5	,	,	PUNCT
cblr-12481	337	6	2003	2003	NUM
cblr-12481	337	7	)	)	PUNCT
cblr-12481	337	8	(	(	PUNCT
cblr-12481	337	9	approving	approve	VERB
cblr-12481	337	10	exchange	exchange	NOUN
cblr-12481	337	11	-	-	PUNCT
cblr-12481	337	12	listing	list	VERB
cblr-12481	337	13	rules	rule	NOUN
cblr-12481	337	14	requiring	require	VERB
cblr-12481	337	15	firms	firm	NOUN
cblr-12481	337	16	to	to	PART
cblr-12481	337	17	obtain	obtain	VERB
cblr-12481	337	18	shareholder	shareholder	NOUN
cblr-12481	337	19	approval	approval	NOUN
cblr-12481	337	20	for	for	ADP
cblr-12481	337	21	equity	equity	NOUN
cblr-12481	337	22	-	-	PUNCT
cblr-12481	337	23	based	base	VERB
cblr-12481	337	24	compensation	compensation	NOUN
cblr-12481	337	25	plans	plan	NOUN
cblr-12481	337	26	)	)	PUNCT
cblr-12481	337	27	.	.	PUNCT
cblr-12481	338	1	52	52	NUM
cblr-12481	338	2	in	in	ADP
cblr-12481	338	3	lee	lee	PROPN
cblr-12481	338	4	v.	v.	PROPN
cblr-12481	338	5	jenkins	jenkins	PROPN
cblr-12481	338	6	bros	bros	PROPN
cblr-12481	338	7	.	.	PROPN
cblr-12481	338	8	,	,	PUNCT
cblr-12481	338	9	268	268	NUM
cblr-12481	338	10	f.2d	f.2d	SYM
cblr-12481	338	11	357	357	NUM
cblr-12481	338	12	,	,	PUNCT
cblr-12481	338	13	365	365	NUM
cblr-12481	338	14	(	(	PUNCT
cblr-12481	338	15	2d	2d	NUM
cblr-12481	338	16	cir	cir	NOUN
cblr-12481	338	17	.	.	PUNCT
cblr-12481	338	18	1959	1959	NUM
cblr-12481	338	19	)	)	PUNCT
cblr-12481	338	20	,	,	PUNCT
cblr-12481	338	21	the	the	DET
cblr-12481	338	22	second	second	ADJ
cblr-12481	338	23	circuit	circuit	NOUN
cblr-12481	338	24	held	hold	VERB
cblr-12481	338	25	“	"	PUNCT
cblr-12481	338	26	that	that	SCONJ
cblr-12481	338	27	the	the	DET
cblr-12481	338	28	president	president	NOUN
cblr-12481	338	29	[	[	X
cblr-12481	338	30	of	of	ADP
cblr-12481	338	31	a	a	DET
cblr-12481	338	32	corporation	corporation	NOUN
cblr-12481	338	33	]	]	PUNCT
cblr-12481	338	34	only	only	ADV
cblr-12481	338	35	has	have	AUX
cblr-12481	338	36	authority	authority	NOUN
cblr-12481	338	37	to	to	PART
cblr-12481	338	38	bind	bind	VERB
cblr-12481	338	39	his	his	PRON
cblr-12481	338	40	company	company	NOUN
cblr-12481	338	41	by	by	ADP
cblr-12481	338	42	acts	act	NOUN
cblr-12481	338	43	arising	arise	VERB
cblr-12481	338	44	in	in	ADP
cblr-12481	338	45	the	the	DET
cblr-12481	338	46	usual	usual	ADJ
cblr-12481	338	47	and	and	CCONJ
cblr-12481	338	48	regular	regular	ADJ
cblr-12481	338	49	course	course	NOUN
cblr-12481	338	50	of	of	ADP
cblr-12481	338	51	business	business	NOUN
cblr-12481	338	52	but	but	CCONJ
cblr-12481	338	53	not	not	PART
cblr-12481	338	54	for	for	ADP
cblr-12481	338	55	contracts	contract	NOUN
cblr-12481	338	56	of	of	ADP
cblr-12481	338	57	an	an	DET
cblr-12481	338	58	‘	'	PUNCT
cblr-12481	338	59	extraordinary	extraordinary	ADJ
cblr-12481	338	60	’	'	PUNCT
cblr-12481	338	61	nature	nature	NOUN
cblr-12481	338	62	.	.	PUNCT
cblr-12481	338	63	”	"	PUNCT
cblr-12481	339	1	delaware	delaware	PROPN
cblr-12481	339	2	courts	court	NOUN
cblr-12481	339	3	will	will	AUX
cblr-12481	339	4	not	not	PART
cblr-12481	339	5	second	second	ADV
cblr-12481	339	6	-	-	PUNCT
cblr-12481	339	7	guess	guess	VERB
cblr-12481	339	8	the	the	DET
cblr-12481	339	9	board	board	NOUN
cblr-12481	339	10	’s	’s	PART
cblr-12481	339	11	judgment	judgment	NOUN
cblr-12481	339	12	unless	unless	SCONJ
cblr-12481	339	13	it	it	PRON
cblr-12481	339	14	can	can	AUX
cblr-12481	339	15	conclude	conclude	VERB
cblr-12481	339	16	that	that	SCONJ
cblr-12481	339	17	a	a	DET
cblr-12481	339	18	decision	decision	NOUN
cblr-12481	339	19	can	can	AUX
cblr-12481	339	20	not	not	PART
cblr-12481	339	21	be	be	AUX
cblr-12481	339	22	attributed	attribute	VERB
cblr-12481	339	23	to	to	ADP
cblr-12481	339	24	any	any	DET
cblr-12481	339	25	rational	rational	ADJ
cblr-12481	339	26	business	business	NOUN
cblr-12481	339	27	purpose	purpose	NOUN
cblr-12481	339	28	related	relate	VERB
cblr-12481	339	29	to	to	ADP
cblr-12481	339	30	the	the	DET
cblr-12481	339	31	company	company	NOUN
cblr-12481	339	32	.	.	PUNCT
cblr-12481	340	1	ebay	ebay	ADJ
cblr-12481	340	2	domestic	domestic	ADJ
cblr-12481	340	3	holdings	holding	NOUN
cblr-12481	340	4	,	,	PUNCT
cblr-12481	340	5	inc	inc	PROPN
cblr-12481	340	6	.	.	PROPN
cblr-12481	341	1	v.	v.	PROPN
cblr-12481	341	2	newmark	newmark	PROPN
cblr-12481	341	3	,	,	PUNCT
cblr-12481	341	4	16	16	NUM
cblr-12481	341	5	a.3d	a.3d	SYM
cblr-12481	341	6	1	1	NUM
cblr-12481	341	7	,	,	PUNCT
cblr-12481	341	8	33	33	NUM
cblr-12481	341	9	(	(	PUNCT
cblr-12481	341	10	del	del	PROPN
cblr-12481	341	11	.	.	PROPN
cblr-12481	341	12	ch	ch	PROPN
cblr-12481	341	13	.	.	PROPN
cblr-12481	341	14	2010	2010	NUM
cblr-12481	341	15	)	)	PUNCT
cblr-12481	342	1	(	(	PUNCT
cblr-12481	342	2	“	"	PUNCT
cblr-12481	342	3	when	when	SCONJ
cblr-12481	342	4	director	director	NOUN
cblr-12481	342	5	decisions	decision	NOUN
cblr-12481	342	6	are	be	AUX
cblr-12481	342	7	reviewed	review	VERB
cblr-12481	342	8	under	under	ADP
cblr-12481	342	9	the	the	DET
cblr-12481	342	10	business	business	NOUN
cblr-12481	342	11	judgment	judgment	NOUN
cblr-12481	342	12	rule	rule	NOUN
cblr-12481	342	13	,	,	PUNCT
cblr-12481	342	14	this	this	DET
cblr-12481	342	15	court	court	NOUN
cblr-12481	342	16	will	will	AUX
cblr-12481	342	17	not	not	PART
cblr-12481	342	18	question	question	VERB
cblr-12481	342	19	rational	rational	ADJ
cblr-12481	342	20	judgments	judgment	NOUN
cblr-12481	342	21	about	about	ADP
cblr-12481	342	22	how	how	SCONJ
cblr-12481	342	23	promoting	promote	VERB
cblr-12481	342	24	nonstock	nonstock	NOUN
cblr-12481	342	25	-	-	PUNCT
cblr-12481	342	26	holder	holder	NOUN
cblr-12481	342	27	interests	interest	NOUN
cblr-12481	342	28	—	—	PUNCT
cblr-12481	342	29	be	be	AUX
cblr-12481	342	30	it	it	PRON
cblr-12481	342	31	through	through	ADP
cblr-12481	342	32	making	make	VERB
cblr-12481	342	33	a	a	DET
cblr-12481	342	34	charitable	charitable	ADJ
cblr-12481	342	35	contribution	contribution	NOUN
cblr-12481	342	36	,	,	PUNCT
cblr-12481	342	37	paying	pay	VERB
cblr-12481	342	38	employees	employee	NOUN
cblr-12481	342	39	higher	high	ADJ
cblr-12481	342	40	salaries	salary	NOUN
cblr-12481	342	41	and	and	CCONJ
cblr-12481	342	42	benefits	benefit	NOUN
cblr-12481	342	43	,	,	PUNCT
cblr-12481	342	44	or	or	CCONJ
cblr-12481	342	45	more	more	ADV
cblr-12481	342	46	general	general	ADJ
cblr-12481	342	47	norms	norm	NOUN
cblr-12481	342	48	like	like	ADP
cblr-12481	342	49	promoting	promote	VERB
cblr-12481	342	50	a	a	DET
cblr-12481	342	51	particular	particular	ADJ
cblr-12481	342	52	corporate	corporate	ADJ
cblr-12481	342	53	culture	culture	NOUN
cblr-12481	342	54	—	—	PUNCT
cblr-12481	342	55	ultimately	ultimately	ADV
cblr-12481	342	56	promote	promote	VERB
cblr-12481	342	57	stockholder	stockholder	NOUN
cblr-12481	342	58	value	value	NOUN
cblr-12481	342	59	”	"	PUNCT
cblr-12481	342	60	)	)	PUNCT
cblr-12481	342	61	.	.	PUNCT
cblr-12481	343	1	53	53	NUM
cblr-12481	343	2	aronson	aronson	PROPN
cblr-12481	343	3	v.	v.	PROPN
cblr-12481	343	4	lewis	lewis	PROPN
cblr-12481	343	5	,	,	PUNCT
cblr-12481	343	6	473	473	NUM
cblr-12481	343	7	a.2d	a.2d	SYM
cblr-12481	343	8	805	805	NUM
cblr-12481	343	9	,	,	PUNCT
cblr-12481	343	10	812	812	NUM
cblr-12481	343	11	(	(	PUNCT
cblr-12481	343	12	del	del	PROPN
cblr-12481	343	13	.	.	NOUN
cblr-12481	343	14	1984	1984	NUM
cblr-12481	343	15	)	)	PUNCT
cblr-12481	344	1	(	(	PUNCT
cblr-12481	344	2	elaborating	elaborate	VERB
cblr-12481	344	3	the	the	DET
cblr-12481	344	4	“	"	PUNCT
cblr-12481	344	5	business	business	NOUN
cblr-12481	344	6	judgment	judgment	NOUN
cblr-12481	344	7	rule	rule	NOUN
cblr-12481	344	8	”	"	PUNCT
cblr-12481	344	9	as	as	ADP
cblr-12481	344	10	“	"	PUNCT
cblr-12481	344	11	a	a	DET
cblr-12481	344	12	presumption	presumption	NOUN
cblr-12481	344	13	that	that	SCONJ
cblr-12481	344	14	in	in	ADP
cblr-12481	344	15	making	make	VERB
cblr-12481	344	16	a	a	DET
cblr-12481	344	17	business	business	NOUN
cblr-12481	344	18	decision	decision	NOUN
cblr-12481	344	19	,	,	PUNCT
cblr-12481	344	20	the	the	DET
cblr-12481	344	21	directors	director	NOUN
cblr-12481	344	22	of	of	ADP
cblr-12481	344	23	a	a	DET
cblr-12481	344	24	corporation	corporation	NOUN
cblr-12481	344	25	acted	act	VERB
cblr-12481	344	26	on	on	ADP
cblr-12481	344	27	an	an	DET
cblr-12481	344	28	informed	informed	ADJ
cblr-12481	344	29	basis	basis	NOUN
cblr-12481	344	30	in	in	ADP
cblr-12481	344	31	good	good	ADJ
cblr-12481	344	32	faith	faith	NOUN
cblr-12481	344	33	and	and	CCONJ
cblr-12481	344	34	in	in	ADP
cblr-12481	344	35	the	the	DET
cblr-12481	344	36	honest	honest	ADJ
cblr-12481	344	37	belief	belief	NOUN
cblr-12481	344	38	that	that	SCONJ
cblr-12481	344	39	the	the	DET
cblr-12481	344	40	action	action	NOUN
cblr-12481	344	41	was	be	AUX
cblr-12481	344	42	taken	take	VERB
cblr-12481	344	43	in	in	ADP
cblr-12481	344	44	the	the	DET
cblr-12481	344	45	best	good	ADJ
cblr-12481	344	46	interests	interest	NOUN
cblr-12481	344	47	of	of	ADP
cblr-12481	344	48	the	the	DET
cblr-12481	344	49	company	company	NOUN
cblr-12481	344	50	.	.	PUNCT
cblr-12481	344	51	”	"	PUNCT
cblr-12481	344	52	)	)	PUNCT
cblr-12481	344	53	.	.	PUNCT
cblr-12481	345	1	54	54	NUM
cblr-12481	345	2	lucian	lucian	PROPN
cblr-12481	345	3	a.	a.	NOUN
cblr-12481	345	4	bebchuk	bebchuk	PROPN
cblr-12481	345	5	&	&	CCONJ
cblr-12481	345	6	roberto	roberto	PROPN
cblr-12481	345	7	tallarita	tallarita	PROPN
cblr-12481	345	8	,	,	PUNCT
cblr-12481	345	9	the	the	DET
cblr-12481	345	10	perils	peril	NOUN
cblr-12481	345	11	and	and	CCONJ
cblr-12481	345	12	questionable	questionable	ADJ
cblr-12481	345	13	promise	promise	NOUN
cblr-12481	345	14	of	of	ADP
cblr-12481	345	15	esg	esg	PROPN
cblr-12481	345	16	-	-	PUNCT
cblr-12481	345	17	based	base	VERB
cblr-12481	345	18	compensation	compensation	NOUN
cblr-12481	345	19	,	,	PUNCT
cblr-12481	345	20	48	48	NUM
cblr-12481	345	21	j.	j.	PROPN
cblr-12481	345	22	corp	corp	PROPN
cblr-12481	345	23	.	.	PROPN
cblr-12481	345	24	l.	l.	PROPN
cblr-12481	345	25	37	37	NUM
cblr-12481	345	26	,	,	PUNCT
cblr-12481	345	27	74–75	74–75	NUM
cblr-12481	345	28	(	(	PUNCT
cblr-12481	345	29	2022	2022	NUM
cblr-12481	345	30	)	)	PUNCT
cblr-12481	345	31	(	(	PUNCT
cblr-12481	345	32	analyzing	analyze	VERB
cblr-12481	345	33	esg	esg	PROPN
cblr-12481	345	34	compensation	compensation	NOUN
cblr-12481	345	35	metrics	metric	NOUN
cblr-12481	345	36	in	in	ADP
cblr-12481	345	37	s&p	s&p	PROPN
cblr-12481	345	38	100	100	NUM
cblr-12481	345	39	companies	company	NOUN
cblr-12481	345	40	and	and	CCONJ
cblr-12481	345	41	concluding	conclude	VERB
cblr-12481	345	42	that	that	SCONJ
cblr-12481	345	43	the	the	DET
cblr-12481	345	44	current	current	ADJ
cblr-12481	345	45	use	use	NOUN
cblr-12481	345	46	of	of	ADP
cblr-12481	345	47	esg	esg	PROPN
cblr-12481	345	48	metrics	metric	NOUN
cblr-12481	345	49	serves	serve	VERB
cblr-12481	345	50	executives	executive	NOUN
cblr-12481	345	51	rather	rather	ADV
cblr-12481	345	52	than	than	ADP
cblr-12481	345	53	stakeholders	stakeholder	NOUN
cblr-12481	345	54	)	)	PUNCT
cblr-12481	345	55	.	.	PUNCT
cblr-12481	346	1	no	no	INTJ
cblr-12481	346	2	.	.	NOUN
cblr-12481	347	1	2	2	NUM
cblr-12481	347	2	]	]	X
cblr-12481	347	3	corporate	corporate	ADJ
cblr-12481	347	4	technocracy	technocracy	NOUN
cblr-12481	347	5	847	847	NUM
cblr-12481	347	6	broad	broad	ADJ
cblr-12481	347	7	public	public	ADJ
cblr-12481	347	8	interest	interest	NOUN
cblr-12481	347	9	,	,	PUNCT
cblr-12481	347	10	ceding	cede	VERB
cblr-12481	347	11	to	to	ADP
cblr-12481	347	12	them	they	PRON
cblr-12481	347	13	an	an	DET
cblr-12481	347	14	expanded	expand	VERB
cblr-12481	347	15	domain	domain	NOUN
cblr-12481	347	16	of	of	ADP
cblr-12481	347	17	discretion	discretion	NOUN
cblr-12481	347	18	.	.	PUNCT
cblr-12481	348	1	this	this	DET
cblr-12481	348	2	position	position	NOUN
cblr-12481	348	3	corresponds	correspond	VERB
cblr-12481	348	4	with	with	ADP
cblr-12481	348	5	merrick	merrick	PROPN
cblr-12481	348	6	dodd	dodd	PROPN
cblr-12481	348	7	’s	’s	PART
cblr-12481	348	8	characterization	characterization	NOUN
cblr-12481	348	9	of	of	ADP
cblr-12481	348	10	managers	manager	NOUN
cblr-12481	348	11	as	as	SCONJ
cblr-12481	348	12	trustees	trustee	NOUN
cblr-12481	348	13	of	of	ADP
cblr-12481	348	14	a	a	DET
cblr-12481	348	15	public	public	ADJ
cblr-12481	348	16	interest.55	interest.55	NOUN
cblr-12481	348	17	managers	manager	NOUN
cblr-12481	348	18	have	have	AUX
cblr-12481	348	19	been	be	AUX
cblr-12481	348	20	characterized	characterize	VERB
cblr-12481	348	21	as	as	ADP
cblr-12481	348	22	disinterested	disinterested	ADJ
cblr-12481	348	23	public	public	ADJ
cblr-12481	348	24	servants	servant	NOUN
cblr-12481	348	25	,	,	PUNCT
cblr-12481	348	26	or	or	CCONJ
cblr-12481	348	27	“	"	PUNCT
cblr-12481	348	28	mediating	mediate	VERB
cblr-12481	348	29	hierarchs	hierarchs	NOUN
cblr-12481	348	30	”	"	PUNCT
cblr-12481	348	31	in	in	ADP
cblr-12481	348	32	the	the	DET
cblr-12481	348	33	writings	writing	NOUN
cblr-12481	348	34	of	of	ADP
cblr-12481	348	35	margaret	margaret	PROPN
cblr-12481	348	36	blair	blair	PROPN
cblr-12481	348	37	and	and	CCONJ
cblr-12481	348	38	lynn	lynn	PROPN
cblr-12481	348	39	stout,56	stout,56	PROPN
cblr-12481	348	40	colin	colin	PROPN
cblr-12481	348	41	mayer,57	mayer,57	PROPN
cblr-12481	348	42	and	and	CCONJ
cblr-12481	348	43	marty	marty	PROPN
cblr-12481	348	44	lipton,58	lipton,58	NOUN
cblr-12481	348	45	among	among	ADP
cblr-12481	348	46	others	other	NOUN
cblr-12481	348	47	.	.	PUNCT
cblr-12481	349	1	managerial	managerial	ADJ
cblr-12481	349	2	stakeholderism	stakeholderism	NOUN
cblr-12481	349	3	goes	go	VERB
cblr-12481	349	4	farther	far	ADV
cblr-12481	349	5	than	than	ADP
cblr-12481	349	6	enlightened	enlighten	VERB
cblr-12481	349	7	shareholder	shareholder	NOUN
cblr-12481	349	8	primacy	primacy	NOUN
cblr-12481	349	9	in	in	ADP
cblr-12481	349	10	relaxing	relax	VERB
cblr-12481	349	11	the	the	DET
cblr-12481	349	12	parameters	parameter	NOUN
cblr-12481	349	13	of	of	ADP
cblr-12481	349	14	corporate	corporate	ADJ
cblr-12481	349	15	“	"	PUNCT
cblr-12481	349	16	ends	end	NOUN
cblr-12481	349	17	,	,	PUNCT
cblr-12481	349	18	”	"	PUNCT
cblr-12481	349	19	thereby	thereby	ADV
cblr-12481	349	20	expanding	expand	VERB
cblr-12481	349	21	the	the	DET
cblr-12481	349	22	scope	scope	NOUN
cblr-12481	349	23	of	of	ADP
cblr-12481	349	24	managers	manager	NOUN
cblr-12481	349	25	’	’	PART
cblr-12481	349	26	legitimate	legitimate	ADJ
cblr-12481	349	27	discretion	discretion	NOUN
cblr-12481	349	28	.	.	PUNCT
cblr-12481	350	1	managers	manager	NOUN
cblr-12481	350	2	govern	govern	VERB
cblr-12481	350	3	the	the	DET
cblr-12481	350	4	corporation	corporation	NOUN
cblr-12481	350	5	in	in	ADP
cblr-12481	350	6	the	the	DET
cblr-12481	350	7	interest	interest	NOUN
cblr-12481	350	8	of	of	ADP
cblr-12481	350	9	a	a	DET
cblr-12481	350	10	corporation	corporation	NOUN
cblr-12481	350	11	’s	’s	PART
cblr-12481	350	12	stakeholders	stakeholder	NOUN
cblr-12481	350	13	,	,	PUNCT
cblr-12481	350	14	not	not	PART
cblr-12481	350	15	just	just	ADV
cblr-12481	350	16	shareholders	shareholder	NOUN
cblr-12481	350	17	.	.	PUNCT
cblr-12481	351	1	advocates	advocate	NOUN
cblr-12481	351	2	for	for	ADP
cblr-12481	351	3	expanding	expand	VERB
cblr-12481	351	4	managerial	managerial	ADJ
cblr-12481	351	5	control	control	NOUN
cblr-12481	351	6	over	over	ADP
cblr-12481	351	7	esg	esg	PROPN
cblr-12481	351	8	seek	seek	VERB
cblr-12481	351	9	to	to	PART
cblr-12481	351	10	grant	grant	VERB
cblr-12481	351	11	them	they	PRON
cblr-12481	351	12	a	a	DET
cblr-12481	351	13	greater	great	ADJ
cblr-12481	351	14	scope	scope	NOUN
cblr-12481	351	15	of	of	ADP
cblr-12481	351	16	protected	protect	VERB
cblr-12481	351	17	discretion	discretion	NOUN
cblr-12481	351	18	to	to	PART
cblr-12481	351	19	take	take	VERB
cblr-12481	351	20	stakeholder	stakeholder	NOUN
cblr-12481	351	21	interests	interest	NOUN
cblr-12481	351	22	into	into	ADP
cblr-12481	351	23	account.59	account.59	VERB
cblr-12481	351	24	one	one	NUM
cblr-12481	351	25	consequence	consequence	NOUN
cblr-12481	351	26	of	of	ADP
cblr-12481	351	27	this	this	DET
cblr-12481	351	28	55	55	NUM
cblr-12481	351	29	dodd	dodd	NOUN
cblr-12481	351	30	,	,	PUNCT
cblr-12481	351	31	jr	jr	PROPN
cblr-12481	351	32	.	.	PROPN
cblr-12481	351	33	,	,	PUNCT
cblr-12481	351	34	supra	supra	PROPN
cblr-12481	351	35	note	note	NOUN
cblr-12481	351	36	6	6	NUM
cblr-12481	351	37	.	.	X
cblr-12481	351	38	56	56	NUM
cblr-12481	351	39	margaret	margaret	PROPN
cblr-12481	351	40	m.	m.	PROPN
cblr-12481	351	41	blair	blair	PROPN
cblr-12481	351	42	&	&	CCONJ
cblr-12481	351	43	lynn	lynn	PROPN
cblr-12481	351	44	a.	a.	PROPN
cblr-12481	351	45	stout	stout	PROPN
cblr-12481	351	46	,	,	PUNCT
cblr-12481	351	47	a	a	DET
cblr-12481	351	48	team	team	NOUN
cblr-12481	351	49	production	production	NOUN
cblr-12481	351	50	theory	theory	NOUN
cblr-12481	351	51	of	of	ADP
cblr-12481	351	52	corporate	corporate	ADJ
cblr-12481	351	53	law	law	NOUN
cblr-12481	351	54	,	,	PUNCT
cblr-12481	351	55	85	85	NUM
cblr-12481	351	56	va	va	NOUN
cblr-12481	351	57	.	.	PUNCT
cblr-12481	352	1	l.	l.	PROPN
cblr-12481	352	2	rev	rev	PROPN
cblr-12481	352	3	.	.	PROPN
cblr-12481	352	4	247	247	NUM
cblr-12481	352	5	(	(	PUNCT
cblr-12481	352	6	1999	1999	NUM
cblr-12481	352	7	)	)	PUNCT
cblr-12481	352	8	.	.	PUNCT
cblr-12481	353	1	57	57	NUM
cblr-12481	353	2	mayer	mayer	PROPN
cblr-12481	353	3	advances	advance	VERB
cblr-12481	353	4	that	that	SCONJ
cblr-12481	353	5	directors	director	NOUN
cblr-12481	353	6	already	already	ADV
cblr-12481	353	7	exercise	exercise	VERB
cblr-12481	353	8	considerable	considerable	ADJ
cblr-12481	353	9	judgment	judgment	NOUN
cblr-12481	353	10	in	in	ADP
cblr-12481	353	11	pursuing	pursue	VERB
cblr-12481	353	12	a	a	DET
cblr-12481	353	13	corporation	corporation	NOUN
cblr-12481	353	14	’s	’s	PART
cblr-12481	353	15	declared	declare	VERB
cblr-12481	353	16	purpose	purpose	NOUN
cblr-12481	353	17	and	and	CCONJ
cblr-12481	353	18	that	that	SCONJ
cblr-12481	353	19	expanding	expand	VERB
cblr-12481	353	20	this	this	DET
cblr-12481	353	21	purpose	purpose	NOUN
cblr-12481	353	22	to	to	ADP
cblr-12481	353	23	stakeholderism	stakeholderism	NOUN
cblr-12481	353	24	does	do	AUX
cblr-12481	353	25	not	not	PART
cblr-12481	353	26	change	change	VERB
cblr-12481	353	27	their	their	PRON
cblr-12481	353	28	role	role	NOUN
cblr-12481	353	29	in	in	ADP
cblr-12481	353	30	exercising	exercise	VERB
cblr-12481	353	31	judgment	judgment	NOUN
cblr-12481	353	32	to	to	PART
cblr-12481	353	33	balance	balance	VERB
cblr-12481	353	34	a	a	DET
cblr-12481	353	35	company	company	NOUN
cblr-12481	353	36	’s	’s	PART
cblr-12481	353	37	various	various	ADJ
cblr-12481	353	38	purposes	purpose	NOUN
cblr-12481	353	39	and	and	CCONJ
cblr-12481	353	40	values	value	NOUN
cblr-12481	353	41	.	.	PUNCT
cblr-12481	354	1	see	see	VERB
cblr-12481	354	2	mayer	mayer	PROPN
cblr-12481	354	3	,	,	PUNCT
cblr-12481	354	4	supra	supra	PROPN
cblr-12481	354	5	note	note	PROPN
cblr-12481	354	6	24	24	NUM
cblr-12481	354	7	,	,	PUNCT
cblr-12481	354	8	at	at	ADP
cblr-12481	354	9	2–3	2–3	NUM
cblr-12481	354	10	.	.	NOUN
cblr-12481	354	11	58	58	NUM
cblr-12481	354	12	lipton	lipton	NOUN
cblr-12481	354	13	and	and	CCONJ
cblr-12481	354	14	colleagues	colleague	NOUN
cblr-12481	354	15	advance	advance	VERB
cblr-12481	354	16	that	that	SCONJ
cblr-12481	354	17	“	"	PUNCT
cblr-12481	354	18	[	[	X
cblr-12481	354	19	t]he	t]he	X
cblr-12481	354	20	task	task	NOUN
cblr-12481	354	21	of	of	ADP
cblr-12481	354	22	identifying	identify	VERB
cblr-12481	354	23	stakeholders	stakeholder	NOUN
cblr-12481	354	24	,	,	PUNCT
cblr-12481	354	25	and	and	CCONJ
cblr-12481	354	26	mediating	mediate	VERB
cblr-12481	354	27	amongst	amongst	ADP
cblr-12481	354	28	them	they	PRON
cblr-12481	354	29	,	,	PUNCT
cblr-12481	354	30	properly	properly	ADV
cblr-12481	354	31	rests	rest	VERB
cblr-12481	354	32	with	with	ADP
cblr-12481	354	33	boards	board	NOUN
cblr-12481	354	34	of	of	ADP
cblr-12481	354	35	directors	director	NOUN
cblr-12481	354	36	acting	act	VERB
cblr-12481	354	37	on	on	ADP
cblr-12481	354	38	their	their	PRON
cblr-12481	354	39	informed	inform	VERB
cblr-12481	354	40	business	business	NOUN
cblr-12481	354	41	judgment	judgment	NOUN
cblr-12481	354	42	.	.	PUNCT
cblr-12481	354	43	”	"	PUNCT
cblr-12481	355	1	martin	martin	PROPN
cblr-12481	355	2	lipton	lipton	PROPN
cblr-12481	355	3	,	,	PUNCT
cblr-12481	355	4	steven	steven	PROPN
cblr-12481	355	5	a.	a.	PROPN
cblr-12481	355	6	rosenblum	rosenblum	PROPN
cblr-12481	355	7	,	,	PUNCT
cblr-12481	355	8	william	william	PROPN
cblr-12481	355	9	savitt	savitt	PROPN
cblr-12481	355	10	&	&	CCONJ
cblr-12481	355	11	karessa	karessa	PROPN
cblr-12481	355	12	l.	l.	PROPN
cblr-12481	355	13	cain	cain	PROPN
cblr-12481	355	14	,	,	PUNCT
cblr-12481	355	15	wachtell	wachtell	PROPN
cblr-12481	355	16	lipton	lipton	PROPN
cblr-12481	355	17	on	on	ADP
cblr-12481	355	18	how	how	SCONJ
cblr-12481	355	19	boards	board	NOUN
cblr-12481	355	20	and	and	CCONJ
cblr-12481	355	21	management	management	NOUN
cblr-12481	355	22	should	should	AUX
cblr-12481	355	23	handle	handle	VERB
cblr-12481	355	24	esg	esg	NOUN
cblr-12481	355	25	and	and	CCONJ
cblr-12481	355	26	stakeholder	stakeholder	NOUN
cblr-12481	355	27	governance	governance	NOUN
cblr-12481	355	28	,	,	PUNCT
cblr-12481	355	29	cls	cls	NOUN
cblr-12481	355	30	blue	blue	ADJ
cblr-12481	355	31	sky	sky	NOUN
cblr-12481	355	32	blog	blog	NOUN
cblr-12481	355	33	(	(	PUNCT
cblr-12481	355	34	june	june	PROPN
cblr-12481	355	35	4	4	NUM
cblr-12481	355	36	,	,	PUNCT
cblr-12481	355	37	2020	2020	NUM
cblr-12481	355	38	)	)	PUNCT
cblr-12481	355	39	,	,	PUNCT
cblr-12481	355	40	https://clsbluesky.law.columbia.edu/2020/06/04/wachtell-lipton-on-how-boards-and-managementshould-handle-esg-and-stakeholder-governance/	https://clsbluesky.law.columbia.edu/2020/06/04/wachtell-lipton-on-how-boards-and-managementshould-handle-esg-and-stakeholder-governance/	X
cblr-12481	356	1	[	[	X
cblr-12481	356	2	https://perma.cc/jc77n2xe	https://perma.cc/jc77n2xe	X
cblr-12481	356	3	]	]	X
cblr-12481	356	4	;	;	PUNCT
cblr-12481	356	5	lipton	lipton	PROPN
cblr-12481	356	6	critiques	critique	NOUN
cblr-12481	356	7	bebchuk	bebchuk	PROPN
cblr-12481	356	8	’s	’s	PART
cblr-12481	356	9	scholarship	scholarship	NOUN
cblr-12481	356	10	on	on	ADP
cblr-12481	356	11	stakeholderism	stakeholderism	NOUN
cblr-12481	356	12	,	,	PUNCT
cblr-12481	356	13	arguing	argue	VERB
cblr-12481	356	14	that	that	SCONJ
cblr-12481	356	15	“	"	PUNCT
cblr-12481	356	16	bebchuk	bebchuk	PROPN
cblr-12481	356	17	’s	’s	PART
cblr-12481	356	18	methodology	methodology	NOUN
cblr-12481	356	19	is	be	AUX
cblr-12481	356	20	a	a	DET
cblr-12481	356	21	farce	farce	NOUN
cblr-12481	356	22	”	"	PUNCT
cblr-12481	356	23	and	and	CCONJ
cblr-12481	356	24	the	the	DET
cblr-12481	356	25	high	high	ADJ
cblr-12481	356	26	-	-	PUNCT
cblr-12481	356	27	level	level	NOUN
cblr-12481	356	28	corporate	corporate	ADJ
cblr-12481	356	29	governance	governance	NOUN
cblr-12481	356	30	documents	document	NOUN
cblr-12481	356	31	where	where	SCONJ
cblr-12481	356	32	he	he	PRON
cblr-12481	356	33	seeks	seek	VERB
cblr-12481	356	34	to	to	PART
cblr-12481	356	35	identify	identify	VERB
cblr-12481	356	36	evidence	evidence	NOUN
cblr-12481	356	37	of	of	ADP
cblr-12481	356	38	delivery	delivery	NOUN
cblr-12481	356	39	on	on	ADP
cblr-12481	356	40	the	the	DET
cblr-12481	356	41	business	business	NOUN
cblr-12481	356	42	roundtable	roundtable	ADJ
cblr-12481	356	43	letter	letter	NOUN
cblr-12481	356	44	are	be	AUX
cblr-12481	356	45	not	not	PART
cblr-12481	356	46	the	the	DET
cblr-12481	356	47	right	right	ADJ
cblr-12481	356	48	places	place	NOUN
cblr-12481	356	49	to	to	PART
cblr-12481	356	50	be	be	AUX
cblr-12481	356	51	looking	look	VERB
cblr-12481	356	52	:	:	PUNCT
cblr-12481	356	53	“	"	PUNCT
cblr-12481	356	54	the	the	DET
cblr-12481	356	55	documents	document	NOUN
cblr-12481	356	56	bebchuk	bebchuk	NOUN
cblr-12481	356	57	reviewed	review	VERB
cblr-12481	356	58	can	can	AUX
cblr-12481	356	59	not	not	PART
cblr-12481	356	60	establish	establish	VERB
cblr-12481	356	61	his	his	PRON
cblr-12481	356	62	claim	claim	NOUN
cblr-12481	356	63	because	because	SCONJ
cblr-12481	356	64	there	there	PRON
cblr-12481	356	65	is	be	VERB
cblr-12481	356	66	no	no	DET
cblr-12481	356	67	reason	reason	NOUN
cblr-12481	356	68	they	they	PRON
cblr-12481	356	69	would	would	AUX
cblr-12481	356	70	reflect	reflect	VERB
cblr-12481	356	71	evidence	evidence	NOUN
cblr-12481	356	72	of	of	ADP
cblr-12481	356	73	stakeholder	stakeholder	NOUN
cblr-12481	356	74	engagement	engagement	NOUN
cblr-12481	356	75	.	.	PUNCT
cblr-12481	356	76	”	"	PUNCT
cblr-12481	357	1	martin	martin	PROPN
cblr-12481	357	2	lipton	lipton	PROPN
cblr-12481	357	3	,	,	PUNCT
cblr-12481	357	4	more	more	ADJ
cblr-12481	357	5	myths	myth	NOUN
cblr-12481	357	6	from	from	ADP
cblr-12481	357	7	lucian	lucian	PROPN
cblr-12481	357	8	bebchuk	bebchuk	PROPN
cblr-12481	357	9	,	,	PUNCT
cblr-12481	357	10	harv	harv	PROPN
cblr-12481	357	11	.	.	PUNCT
cblr-12481	358	1	l.	l.	PROPN
cblr-12481	358	2	sch	sch	PROPN
cblr-12481	358	3	.	.	PUNCT
cblr-12481	359	1	f.	f.	PROPN
cblr-12481	359	2	on	on	ADP
cblr-12481	359	3	corp	corp	PROPN
cblr-12481	359	4	.	.	PROPN
cblr-12481	359	5	governance	governance	PROPN
cblr-12481	359	6	(	(	PUNCT
cblr-12481	359	7	aug	aug	PROPN
cblr-12481	359	8	.	.	PROPN
cblr-12481	359	9	24	24	NUM
cblr-12481	359	10	,	,	PUNCT
cblr-12481	359	11	2021	2021	NUM
cblr-12481	359	12	)	)	PUNCT
cblr-12481	360	1	https://corpgov.law.harvard.edu/2021/08/24/moremyths-from-lucian-bebchuk/	https://corpgov.law.harvard.edu/2021/08/24/moremyths-from-lucian-bebchuk/	PROPN
cblr-12481	361	1	[	[	X
cblr-12481	361	2	https://perma.cc/lns9-jveu	https://perma.cc/lns9-jveu	X
cblr-12481	361	3	]	]	PUNCT
cblr-12481	361	4	.	.	PUNCT
cblr-12481	362	1	59	59	NUM
cblr-12481	362	2	see	see	VERB
cblr-12481	362	3	,	,	PUNCT
cblr-12481	362	4	e.g.	e.g.	ADV
cblr-12481	362	5	,	,	PUNCT
cblr-12481	362	6	strine	strine	PROPN
cblr-12481	362	7	,	,	PUNCT
cblr-12481	362	8	jr	jr	PROPN
cblr-12481	362	9	.	.	PROPN
cblr-12481	362	10	et	et	PROPN
cblr-12481	362	11	al	al	PROPN
cblr-12481	362	12	.	.	PROPN
cblr-12481	362	13	,	,	PUNCT
cblr-12481	362	14	supra	supra	PROPN
cblr-12481	362	15	note	note	VERB
cblr-12481	362	16	37	37	NUM
cblr-12481	362	17	.	.	NOUN
cblr-12481	362	18	848	848	NUM
cblr-12481	362	19	columbia	columbia	PROPN
cblr-12481	362	20	business	business	PROPN
cblr-12481	362	21	law	law	PROPN
cblr-12481	362	22	review	review	NOUN
cblr-12481	363	1	[	[	X
cblr-12481	363	2	vol	vol	NOUN
cblr-12481	363	3	.	.	PUNCT
cblr-12481	363	4	2023	2023	NUM
cblr-12481	363	5	expanded	expand	VERB
cblr-12481	363	6	discretion	discretion	NOUN
cblr-12481	363	7	is	be	AUX
cblr-12481	363	8	weakened	weaken	VERB
cblr-12481	363	9	fiduciary	fiduciary	ADJ
cblr-12481	363	10	duties	duty	NOUN
cblr-12481	363	11	to	to	ADP
cblr-12481	363	12	shareholders	shareholder	NOUN
cblr-12481	363	13	.	.	PUNCT
cblr-12481	364	1	managerial	managerial	ADJ
cblr-12481	364	2	stakeholderism	stakeholderism	NOUN
cblr-12481	364	3	presents	present	VERB
cblr-12481	364	4	a	a	DET
cblr-12481	364	5	radical	radical	ADJ
cblr-12481	364	6	departure	departure	NOUN
cblr-12481	364	7	from	from	ADP
cblr-12481	364	8	shareholder	shareholder	NOUN
cblr-12481	364	9	primacy	primacy	NOUN
cblr-12481	364	10	:	:	PUNCT
cblr-12481	364	11	it	it	PRON
cblr-12481	364	12	substitutes	substitute	VERB
cblr-12481	364	13	the	the	DET
cblr-12481	364	14	putative	putative	ADJ
cblr-12481	364	15	class	class	NOUN
cblr-12481	364	16	of	of	ADP
cblr-12481	364	17	shareholder	shareholder	NOUN
cblr-12481	364	18	principals	principal	NOUN
cblr-12481	364	19	for	for	ADP
cblr-12481	364	20	stakeholder	stakeholder	NOUN
cblr-12481	364	21	principals	principal	NOUN
cblr-12481	364	22	.	.	PUNCT
cblr-12481	365	1	this	this	DET
cblr-12481	365	2	perspective	perspective	NOUN
cblr-12481	365	3	is	be	AUX
cblr-12481	365	4	reflected	reflect	VERB
cblr-12481	365	5	in	in	ADP
cblr-12481	365	6	the	the	DET
cblr-12481	365	7	2019	2019	NUM
cblr-12481	365	8	business	business	NOUN
cblr-12481	365	9	roundtable	roundtable	ADJ
cblr-12481	365	10	statement	statement	NOUN
cblr-12481	365	11	on	on	ADP
cblr-12481	365	12	the	the	DET
cblr-12481	365	13	purpose	purpose	NOUN
cblr-12481	365	14	of	of	ADP
cblr-12481	365	15	a	a	DET
cblr-12481	365	16	corporation	corporation	NOUN
cblr-12481	365	17	“	"	PUNCT
cblr-12481	365	18	outlin[ing	outlin[e	VERB
cblr-12481	365	19	]	]	PUNCT
cblr-12481	365	20	a	a	DET
cblr-12481	365	21	modern	modern	ADJ
cblr-12481	365	22	standard	standard	NOUN
cblr-12481	365	23	for	for	ADP
cblr-12481	365	24	corporate	corporate	ADJ
cblr-12481	365	25	responsibility”60	responsibility”60	PROPN
cblr-12481	365	26	and	and	CCONJ
cblr-12481	365	27	asserting	assert	VERB
cblr-12481	365	28	“	"	PUNCT
cblr-12481	365	29	a	a	DET
cblr-12481	365	30	fundamental	fundamental	ADJ
cblr-12481	365	31	commitment	commitment	NOUN
cblr-12481	365	32	to	to	ADP
cblr-12481	365	33	all	all	PRON
cblr-12481	365	34	of	of	ADP
cblr-12481	365	35	[	[	PUNCT
cblr-12481	365	36	a	a	DET
cblr-12481	365	37	company	company	NOUN
cblr-12481	365	38	’s	’s	PART
cblr-12481	365	39	]	]	PUNCT
cblr-12481	365	40	stakeholders	stakeholder	NOUN
cblr-12481	365	41	.	.	PUNCT
cblr-12481	366	1	”61	”61	VERB
cblr-12481	366	2	the	the	DET
cblr-12481	366	3	fundamental	fundamental	ADJ
cblr-12481	366	4	weakness	weakness	NOUN
cblr-12481	366	5	of	of	ADP
cblr-12481	366	6	this	this	DET
cblr-12481	366	7	proposition	proposition	NOUN
cblr-12481	366	8	is	be	AUX
cblr-12481	366	9	that	that	SCONJ
cblr-12481	366	10	it	it	PRON
cblr-12481	366	11	modifies	modify	VERB
cblr-12481	366	12	the	the	DET
cblr-12481	366	13	class	class	NOUN
cblr-12481	366	14	of	of	ADP
cblr-12481	366	15	corporate	corporate	ADJ
cblr-12481	366	16	principals	principal	NOUN
cblr-12481	366	17	while	while	SCONJ
cblr-12481	366	18	retaining	retain	VERB
cblr-12481	366	19	a	a	DET
cblr-12481	366	20	governance	governance	NOUN
cblr-12481	366	21	architecture	architecture	NOUN
cblr-12481	366	22	based	base	VERB
cblr-12481	366	23	on	on	ADP
cblr-12481	366	24	shareholder	shareholder	NOUN
cblr-12481	366	25	principals	principal	NOUN
cblr-12481	366	26	and	and	CCONJ
cblr-12481	366	27	managerial	managerial	ADJ
cblr-12481	366	28	agents	agent	NOUN
cblr-12481	366	29	.	.	PUNCT
cblr-12481	367	1	this	this	DET
cblr-12481	367	2	agenda	agenda	NOUN
cblr-12481	367	3	fails	fail	VERB
cblr-12481	367	4	to	to	PART
cblr-12481	367	5	account	account	VERB
cblr-12481	367	6	for	for	ADP
cblr-12481	367	7	the	the	DET
cblr-12481	367	8	agency	agency	NOUN
cblr-12481	367	9	costs	cost	NOUN
cblr-12481	367	10	that	that	PRON
cblr-12481	367	11	follow	follow	VERB
cblr-12481	367	12	from	from	ADP
cblr-12481	367	13	its	its	PRON
cblr-12481	367	14	proposal	proposal	NOUN
cblr-12481	367	15	.	.	PUNCT
cblr-12481	368	1	scholars	scholar	NOUN
cblr-12481	368	2	like	like	ADP
cblr-12481	368	3	ann	ann	PROPN
cblr-12481	368	4	lipton	lipton	PROPN
cblr-12481	368	5	have	have	AUX
cblr-12481	368	6	proposed	propose	VERB
cblr-12481	368	7	overcoming	overcome	VERB
cblr-12481	368	8	associated	associated	ADJ
cblr-12481	368	9	agency	agency	NOUN
cblr-12481	368	10	costs	cost	NOUN
cblr-12481	368	11	through	through	ADP
cblr-12481	368	12	stakeholder	stakeholder	NOUN
cblr-12481	368	13	disclosures	disclosure	NOUN
cblr-12481	368	14	,	,	PUNCT
cblr-12481	368	15	for	for	ADP
cblr-12481	368	16	example	example	NOUN
cblr-12481	368	17	,	,	PUNCT
cblr-12481	368	18	but	but	CCONJ
cblr-12481	368	19	thus	thus	ADV
cblr-12481	368	20	far	far	ADV
cblr-12481	368	21	there	there	PRON
cblr-12481	368	22	has	have	AUX
cblr-12481	368	23	been	be	AUX
cblr-12481	368	24	no	no	DET
cblr-12481	368	25	argument	argument	NOUN
cblr-12481	368	26	for	for	ADP
cblr-12481	368	27	creating	create	VERB
cblr-12481	368	28	fiduciary	fiduciary	ADJ
cblr-12481	368	29	duties	duty	NOUN
cblr-12481	368	30	to	to	ADP
cblr-12481	368	31	stakeholders	stakeholder	NOUN
cblr-12481	368	32	or	or	CCONJ
cblr-12481	368	33	for	for	ADP
cblr-12481	368	34	a	a	DET
cblr-12481	368	35	stakeholder	stakeholder	NOUN
cblr-12481	368	36	franchise.62	franchise.62	VERB
cblr-12481	368	37	these	these	DET
cblr-12481	368	38	gaps	gap	NOUN
cblr-12481	368	39	are	be	AUX
cblr-12481	368	40	in	in	ADP
cblr-12481	368	41	large	large	ADJ
cblr-12481	368	42	part	part	NOUN
cblr-12481	368	43	a	a	DET
cblr-12481	368	44	function	function	NOUN
cblr-12481	368	45	of	of	ADP
cblr-12481	368	46	the	the	DET
cblr-12481	368	47	more	more	ADV
cblr-12481	368	48	fundamental	fundamental	ADJ
cblr-12481	368	49	challenge	challenge	NOUN
cblr-12481	368	50	of	of	ADP
cblr-12481	368	51	defining	define	VERB
cblr-12481	368	52	stakeholders	stakeholder	NOUN
cblr-12481	368	53	within	within	ADP
cblr-12481	368	54	administrable	administrable	ADJ
cblr-12481	368	55	parameters	parameter	NOUN
cblr-12481	368	56	.	.	PUNCT
cblr-12481	369	1	3	3	X
cblr-12481	369	2	.	.	X
cblr-12481	369	3	shareholder	shareholder	NOUN
cblr-12481	369	4	democracy	democracy	NOUN
cblr-12481	369	5	shareholder	shareholder	NOUN
cblr-12481	369	6	democracy	democracy	NOUN
cblr-12481	369	7	reinterprets	reinterpret	VERB
cblr-12481	369	8	shareholder	shareholder	NOUN
cblr-12481	369	9	primacy	primacy	NOUN
cblr-12481	369	10	to	to	PART
cblr-12481	369	11	emphasize	emphasize	VERB
cblr-12481	369	12	shareholder	shareholder	NOUN
cblr-12481	369	13	heterogeneity	heterogeneity	NOUN
cblr-12481	369	14	,	,	PUNCT
cblr-12481	369	15	maintaining	maintain	VERB
cblr-12481	369	16	that	that	SCONJ
cblr-12481	369	17	60	60	NUM
cblr-12481	369	18	business	business	NOUN
cblr-12481	369	19	roundtable	roundtable	NOUN
cblr-12481	369	20	redefines	redefine	VERB
cblr-12481	369	21	the	the	DET
cblr-12481	369	22	purpose	purpose	NOUN
cblr-12481	369	23	of	of	ADP
cblr-12481	369	24	a	a	DET
cblr-12481	369	25	corporation	corporation	NOUN
cblr-12481	369	26	to	to	PART
cblr-12481	369	27	promote	promote	VERB
cblr-12481	369	28	‘	'	PUNCT
cblr-12481	369	29	an	an	DET
cblr-12481	369	30	economy	economy	NOUN
cblr-12481	369	31	that	that	PRON
cblr-12481	369	32	serves	serve	VERB
cblr-12481	369	33	all	all	DET
cblr-12481	369	34	americans	americans	PROPN
cblr-12481	369	35	,	,	PUNCT
cblr-12481	369	36	’	'	PUNCT
cblr-12481	369	37	bus	bus	NOUN
cblr-12481	369	38	.	.	PUNCT
cblr-12481	370	1	roundtable	roundtable	ADJ
cblr-12481	370	2	(	(	PUNCT
cblr-12481	370	3	aug	aug	PROPN
cblr-12481	370	4	.	.	PROPN
cblr-12481	370	5	19	19	NUM
cblr-12481	370	6	,	,	PUNCT
cblr-12481	370	7	2019	2019	NUM
cblr-12481	370	8	)	)	PUNCT
cblr-12481	370	9	,	,	PUNCT
cblr-12481	370	10	https://www.businessroundtable.org/business-roundtable-redefinesthe-purpose-of-a-corporation-to-promote-an-economy-that-serves-all-americans	https://www.businessroundtable.org/business-roundtable-redefinesthe-purpose-of-a-corporation-to-promote-an-economy-that-serves-all-american	NOUN
cblr-12481	371	1	[	[	X
cblr-12481	371	2	https://perma.cc/y9ke-mdta	https://perma.cc/y9ke-mdta	X
cblr-12481	371	3	]	]	X
cblr-12481	371	4	.	.	PUNCT
cblr-12481	372	1	61	61	NUM
cblr-12481	372	2	signatories	signatory	NOUN
cblr-12481	372	3	to	to	ADP
cblr-12481	372	4	the	the	DET
cblr-12481	372	5	statement	statement	NOUN
cblr-12481	372	6	committed	commit	VERB
cblr-12481	372	7	to	to	PART
cblr-12481	372	8	deliver	deliver	VERB
cblr-12481	372	9	value	value	NOUN
cblr-12481	372	10	to	to	ADP
cblr-12481	372	11	all	all	PRON
cblr-12481	372	12	of	of	ADP
cblr-12481	372	13	their	their	PRON
cblr-12481	372	14	stakeholders	stakeholder	NOUN
cblr-12481	372	15	,	,	PUNCT
cblr-12481	372	16	listing	list	VERB
cblr-12481	372	17	customers	customer	NOUN
cblr-12481	372	18	,	,	PUNCT
cblr-12481	372	19	employees	employee	NOUN
cblr-12481	372	20	,	,	PUNCT
cblr-12481	372	21	suppliers	supplier	NOUN
cblr-12481	372	22	,	,	PUNCT
cblr-12481	372	23	communities	community	NOUN
cblr-12481	372	24	,	,	PUNCT
cblr-12481	372	25	and	and	CCONJ
cblr-12481	372	26	shareholders	shareholder	NOUN
cblr-12481	372	27	.	.	PUNCT
cblr-12481	373	1	coverage	coverage	NOUN
cblr-12481	373	2	of	of	ADP
cblr-12481	373	3	the	the	DET
cblr-12481	373	4	statement	statement	NOUN
cblr-12481	373	5	prompted	prompt	VERB
cblr-12481	373	6	a	a	DET
cblr-12481	373	7	flood	flood	NOUN
cblr-12481	373	8	of	of	ADP
cblr-12481	373	9	commentary	commentary	NOUN
cblr-12481	373	10	on	on	ADP
cblr-12481	373	11	corporate	corporate	ADJ
cblr-12481	373	12	purpose	purpose	NOUN
cblr-12481	373	13	.	.	PUNCT
cblr-12481	374	1	much	much	ADJ
cblr-12481	374	2	of	of	ADP
cblr-12481	374	3	the	the	DET
cblr-12481	374	4	commentary	commentary	NOUN
cblr-12481	374	5	contrasted	contrast	VERB
cblr-12481	374	6	the	the	DET
cblr-12481	374	7	statement	statement	NOUN
cblr-12481	374	8	with	with	ADP
cblr-12481	374	9	milton	milton	PROPN
cblr-12481	374	10	friedman	friedman	PROPN
cblr-12481	374	11	’s	’s	PART
cblr-12481	374	12	1970	1970	NUM
cblr-12481	374	13	article	article	NOUN
cblr-12481	374	14	,	,	PUNCT
cblr-12481	374	15	“	"	PUNCT
cblr-12481	374	16	the	the	DET
cblr-12481	374	17	social	social	ADJ
cblr-12481	374	18	responsibility	responsibility	NOUN
cblr-12481	374	19	of	of	ADP
cblr-12481	374	20	business	business	NOUN
cblr-12481	374	21	is	be	AUX
cblr-12481	374	22	to	to	PART
cblr-12481	374	23	increase	increase	VERB
cblr-12481	374	24	its	its	PRON
cblr-12481	374	25	profits	profit	NOUN
cblr-12481	374	26	.	.	PUNCT
cblr-12481	374	27	”	"	PUNCT
cblr-12481	375	1	david	david	PROPN
cblr-12481	375	2	benoit	benoit	PROPN
cblr-12481	375	3	,	,	PUNCT
cblr-12481	375	4	move	move	VERB
cblr-12481	375	5	over	over	ADV
cblr-12481	375	6	,	,	PUNCT
cblr-12481	375	7	shareholders	shareholder	NOUN
cblr-12481	375	8	:	:	PUNCT
cblr-12481	375	9	top	top	ADJ
cblr-12481	375	10	ceos	ceo	NOUN
cblr-12481	375	11	say	say	VERB
cblr-12481	375	12	companies	company	NOUN
cblr-12481	375	13	have	have	VERB
cblr-12481	375	14	obligations	obligation	NOUN
cblr-12481	375	15	to	to	ADP
cblr-12481	375	16	society	society	NOUN
cblr-12481	375	17	,	,	PUNCT
cblr-12481	375	18	wall	wall	PROPN
cblr-12481	375	19	st	st	PROPN
cblr-12481	375	20	.	.	PROPN
cblr-12481	375	21	j.	j.	PROPN
cblr-12481	375	22	,	,	PUNCT
cblr-12481	375	23	(	(	PUNCT
cblr-12481	375	24	aug	aug	PROPN
cblr-12481	375	25	.	.	PROPN
cblr-12481	375	26	19	19	NUM
cblr-12481	375	27	,	,	PUNCT
cblr-12481	375	28	2019	2019	NUM
cblr-12481	375	29	)	)	PUNCT
cblr-12481	375	30	,	,	PUNCT
cblr-12481	376	1	https://www.wsj.com/articles/business-roundtable-steps-back-from-miltonfriedman-theory-11566205200	https://www.wsj.com/articles/business-roundtable-steps-back-from-miltonfriedman-theory-11566205200	PROPN
cblr-12481	377	1	[	[	X
cblr-12481	377	2	https://perma.cc/4hrs-ngf9	https://perma.cc/4hrs-ngf9	PROPN
cblr-12481	377	3	]	]	X
cblr-12481	377	4	.	.	PUNCT
cblr-12481	378	1	62	62	NUM
cblr-12481	378	2	ann	ann	PROPN
cblr-12481	378	3	lipton	lipton	PROPN
cblr-12481	378	4	,	,	PUNCT
cblr-12481	378	5	not	not	PART
cblr-12481	378	6	everything	everything	PRON
cblr-12481	378	7	is	be	AUX
cblr-12481	378	8	about	about	ADP
cblr-12481	378	9	investors	investor	NOUN
cblr-12481	378	10	:	:	PUNCT
cblr-12481	378	11	the	the	DET
cblr-12481	378	12	case	case	NOUN
cblr-12481	378	13	for	for	ADP
cblr-12481	378	14	mandatory	mandatory	ADJ
cblr-12481	378	15	stakeholder	stakeholder	NOUN
cblr-12481	378	16	disclosure	disclosure	NOUN
cblr-12481	378	17	,	,	PUNCT
cblr-12481	378	18	37	37	NUM
cblr-12481	378	19	yale	yale	PROPN
cblr-12481	378	20	j.	j.	PROPN
cblr-12481	378	21	on	on	ADP
cblr-12481	378	22	regul	regul	NOUN
cblr-12481	378	23	.	.	PUNCT
cblr-12481	379	1	499	499	NUM
cblr-12481	379	2	(	(	PUNCT
cblr-12481	379	3	2020	2020	NUM
cblr-12481	379	4	)	)	PUNCT
cblr-12481	379	5	.	.	PUNCT
cblr-12481	380	1	no	no	INTJ
cblr-12481	380	2	.	.	NOUN
cblr-12481	381	1	2	2	NUM
cblr-12481	381	2	]	]	X
cblr-12481	381	3	corporate	corporate	ADJ
cblr-12481	381	4	technocracy	technocracy	NOUN
cblr-12481	381	5	849	849	NUM
cblr-12481	381	6	managers	manager	NOUN
cblr-12481	381	7	are	be	AUX
cblr-12481	381	8	the	the	DET
cblr-12481	381	9	stewards	steward	NOUN
cblr-12481	381	10	of	of	ADP
cblr-12481	381	11	shareholder	shareholder	NOUN
cblr-12481	381	12	interests	interest	NOUN
cblr-12481	381	13	while	while	SCONJ
cblr-12481	381	14	also	also	ADV
cblr-12481	381	15	advancing	advance	VERB
cblr-12481	381	16	that	that	SCONJ
cblr-12481	381	17	shareholders	shareholder	NOUN
cblr-12481	381	18	today	today	NOUN
cblr-12481	381	19	tend	tend	VERB
cblr-12481	381	20	to	to	PART
cblr-12481	381	21	prefer	prefer	VERB
cblr-12481	381	22	corporate	corporate	ADJ
cblr-12481	381	23	purposes	purpose	NOUN
cblr-12481	381	24	beyond	beyond	ADP
cblr-12481	381	25	profit	profit	NOUN
cblr-12481	381	26	maximization	maximization	NOUN
cblr-12481	381	27	.	.	PUNCT
cblr-12481	382	1	this	this	DET
cblr-12481	382	2	model	model	NOUN
cblr-12481	382	3	has	have	AUX
cblr-12481	382	4	been	be	AUX
cblr-12481	382	5	elaborated	elaborate	VERB
cblr-12481	382	6	in	in	ADP
cblr-12481	382	7	recent	recent	ADJ
cblr-12481	382	8	scholarship	scholarship	NOUN
cblr-12481	382	9	by	by	ADP
cblr-12481	382	10	roberto	roberto	PROPN
cblr-12481	382	11	tallarita,63	tallarita,63	PROPN
cblr-12481	382	12	cathy	cathy	PROPN
cblr-12481	382	13	hwang	hwang	PROPN
cblr-12481	382	14	and	and	CCONJ
cblr-12481	382	15	yaron	yaron	PROPN
cblr-12481	382	16	nili,64	nili,64	PROPN
cblr-12481	382	17	and	and	CCONJ
cblr-12481	382	18	in	in	ADP
cblr-12481	382	19	earlier	early	ADJ
cblr-12481	382	20	work	work	NOUN
cblr-12481	382	21	by	by	ADP
cblr-12481	382	22	lucian	lucian	PROPN
cblr-12481	382	23	bebchuk	bebchuk	PROPN
cblr-12481	382	24	and	and	CCONJ
cblr-12481	382	25	robert	robert	PROPN
cblr-12481	382	26	jackson.65	jackson.65	PROPN
cblr-12481	382	27	shareholder	shareholder	PROPN
cblr-12481	382	28	democracy	democracy	PROPN
cblr-12481	382	29	’s	’s	PART
cblr-12481	382	30	core	core	NOUN
cblr-12481	382	31	proposition	proposition	NOUN
cblr-12481	382	32	is	be	AUX
cblr-12481	382	33	that	that	SCONJ
cblr-12481	382	34	expanding	expand	VERB
cblr-12481	382	35	managerial	managerial	ADJ
cblr-12481	382	36	discretion	discretion	NOUN
cblr-12481	382	37	to	to	PART
cblr-12481	382	38	account	account	VERB
cblr-12481	382	39	for	for	ADP
cblr-12481	382	40	stakeholder	stakeholder	NOUN
cblr-12481	382	41	interests	interest	NOUN
cblr-12481	382	42	exacerbates	exacerbate	VERB
cblr-12481	382	43	rent	rent	NOUN
cblr-12481	382	44	-	-	PUNCT
cblr-12481	382	45	seeking	seeking	NOUN
cblr-12481	382	46	,	,	PUNCT
cblr-12481	382	47	and	and	CCONJ
cblr-12481	382	48	that	that	SCONJ
cblr-12481	382	49	shareholders	shareholder	NOUN
cblr-12481	382	50	would	would	AUX
cblr-12481	382	51	be	be	AUX
cblr-12481	382	52	more	more	ADV
cblr-12481	382	53	efficient	efficient	ADJ
cblr-12481	382	54	sponsors	sponsor	NOUN
cblr-12481	382	55	of	of	ADP
cblr-12481	382	56	stakeholder	stakeholder	NOUN
cblr-12481	382	57	interests	interest	NOUN
cblr-12481	382	58	.	.	PUNCT
cblr-12481	383	1	it	it	PRON
cblr-12481	383	2	is	be	AUX
cblr-12481	383	3	a	a	DET
cblr-12481	383	4	questionable	questionable	ADJ
cblr-12481	383	5	proposition	proposition	NOUN
cblr-12481	383	6	for	for	ADP
cblr-12481	383	7	stakeholders	stakeholder	NOUN
cblr-12481	383	8	,	,	PUNCT
cblr-12481	383	9	however	however	ADV
cblr-12481	383	10	,	,	PUNCT
cblr-12481	383	11	because	because	SCONJ
cblr-12481	383	12	shareholder	shareholder	NOUN
cblr-12481	383	13	democracy	democracy	NOUN
cblr-12481	383	14	does	do	AUX
cblr-12481	383	15	not	not	PART
cblr-12481	383	16	recognize	recognize	VERB
cblr-12481	383	17	an	an	DET
cblr-12481	383	18	agency	agency	NOUN
cblr-12481	383	19	relationship	relationship	NOUN
cblr-12481	383	20	between	between	ADP
cblr-12481	383	21	stakeholders	stakeholder	NOUN
cblr-12481	383	22	and	and	CCONJ
cblr-12481	383	23	shareholders	shareholder	NOUN
cblr-12481	383	24	just	just	ADV
cblr-12481	383	25	as	as	SCONJ
cblr-12481	383	26	managerialism	managerialism	NOUN
cblr-12481	383	27	fails	fail	VERB
cblr-12481	383	28	to	to	PART
cblr-12481	383	29	do	do	VERB
cblr-12481	383	30	so	so	ADV
cblr-12481	383	31	between	between	ADP
cblr-12481	383	32	stakeholders	stakeholder	NOUN
cblr-12481	383	33	and	and	CCONJ
cblr-12481	383	34	managers	manager	NOUN
cblr-12481	383	35	.	.	PUNCT
cblr-12481	384	1	from	from	ADP
cblr-12481	384	2	stakeholders	stakeholder	NOUN
cblr-12481	384	3	’	'	PUNCT
cblr-12481	384	4	perspective	perspective	NOUN
cblr-12481	384	5	,	,	PUNCT
cblr-12481	384	6	shareholder	shareholder	NOUN
cblr-12481	384	7	democracy	democracy	NOUN
cblr-12481	384	8	is	be	AUX
cblr-12481	384	9	no	no	ADV
cblr-12481	384	10	different	different	ADJ
cblr-12481	384	11	from	from	ADP
cblr-12481	384	12	enlightened	enlightened	ADJ
cblr-12481	384	13	shareholder	shareholder	NOUN
cblr-12481	384	14	primacy	primacy	NOUN
cblr-12481	384	15	in	in	ADP
cblr-12481	384	16	terms	term	NOUN
cblr-12481	384	17	of	of	ADP
cblr-12481	384	18	its	its	PRON
cblr-12481	384	19	structural	structural	ADJ
cblr-12481	384	20	limitations	limitation	NOUN
cblr-12481	384	21	.	.	PUNCT
cblr-12481	385	1	advocates	advocate	NOUN
cblr-12481	385	2	of	of	ADP
cblr-12481	385	3	shareholder	shareholder	NOUN
cblr-12481	385	4	democracy	democracy	NOUN
cblr-12481	385	5	advance	advance	NOUN
cblr-12481	385	6	reforms	reform	NOUN
cblr-12481	385	7	that	that	PRON
cblr-12481	385	8	would	would	AUX
cblr-12481	385	9	shift	shift	VERB
cblr-12481	385	10	control	control	NOUN
cblr-12481	385	11	over	over	ADP
cblr-12481	385	12	corporate	corporate	ADJ
cblr-12481	385	13	purpose	purpose	NOUN
cblr-12481	385	14	from	from	ADP
cblr-12481	385	15	managers	manager	NOUN
cblr-12481	385	16	to	to	ADP
cblr-12481	385	17	shareholders	shareholder	NOUN
cblr-12481	385	18	by	by	ADP
cblr-12481	385	19	liberalizing	liberalize	VERB
cblr-12481	385	20	shareholder	shareholder	NOUN
cblr-12481	385	21	proposal	proposal	NOUN
cblr-12481	385	22	rules	rule	NOUN
cblr-12481	385	23	,	,	PUNCT
cblr-12481	385	24	for	for	ADP
cblr-12481	385	25	example	example	NOUN
cblr-12481	385	26	,	,	PUNCT
cblr-12481	385	27	expanding	expand	VERB
cblr-12481	385	28	the	the	DET
cblr-12481	385	29	use	use	NOUN
cblr-12481	385	30	of	of	ADP
cblr-12481	385	31	sec	sec	PROPN
cblr-12481	385	32	rule	rule	NOUN
cblr-12481	385	33	14a-8	14a-8	NUM
cblr-12481	385	34	as	as	ADP
cblr-12481	385	35	a	a	DET
cblr-12481	385	36	63	63	NUM
cblr-12481	385	37	tallarita	tallarita	NOUN
cblr-12481	385	38	picks	pick	VERB
cblr-12481	385	39	up	up	ADP
cblr-12481	385	40	where	where	SCONJ
cblr-12481	385	41	his	his	PRON
cblr-12481	385	42	and	and	CCONJ
cblr-12481	385	43	lucian	lucian	PROPN
cblr-12481	385	44	bebchuk	bebchuk	PROPN
cblr-12481	385	45	’s	’s	PART
cblr-12481	385	46	critiques	critique	NOUN
cblr-12481	385	47	of	of	ADP
cblr-12481	385	48	managerialist	managerialist	PROPN
cblr-12481	385	49	stakeholderism	stakeholderism	NOUN
cblr-12481	385	50	leave	leave	VERB
cblr-12481	385	51	off	off	ADP
cblr-12481	385	52	.	.	PUNCT
cblr-12481	386	1	after	after	ADP
cblr-12481	386	2	discrediting	discredit	VERB
cblr-12481	386	3	a	a	DET
cblr-12481	386	4	management	management	NOUN
cblr-12481	386	5	-	-	PUNCT
cblr-12481	386	6	controlled	control	VERB
cblr-12481	386	7	stakeholderism	stakeholderism	NOUN
cblr-12481	386	8	,	,	PUNCT
cblr-12481	386	9	tallarita	tallarita	PROPN
cblr-12481	386	10	offers	offer	VERB
cblr-12481	386	11	an	an	DET
cblr-12481	386	12	alternative	alternative	ADJ
cblr-12481	386	13	account	account	NOUN
cblr-12481	386	14	that	that	PRON
cblr-12481	386	15	relies	rely	VERB
cblr-12481	386	16	on	on	ADP
cblr-12481	386	17	“	"	PUNCT
cblr-12481	386	18	shareholder	shareholder	NOUN
cblr-12481	386	19	power	power	NOUN
cblr-12481	386	20	”	"	PUNCT
cblr-12481	386	21	rather	rather	ADV
cblr-12481	386	22	than	than	ADP
cblr-12481	386	23	“	"	PUNCT
cblr-12481	386	24	managerial	managerial	ADJ
cblr-12481	386	25	power	power	NOUN
cblr-12481	386	26	”	"	PUNCT
cblr-12481	386	27	through	through	ADP
cblr-12481	386	28	what	what	PRON
cblr-12481	386	29	he	he	PRON
cblr-12481	386	30	terms	term	VERB
cblr-12481	386	31	“	"	PUNCT
cblr-12481	386	32	stockholder	stockholder	NOUN
cblr-12481	386	33	politics	politic	NOUN
cblr-12481	386	34	.	.	PUNCT
cblr-12481	386	35	”	"	PUNCT
cblr-12481	387	1	see	see	VERB
cblr-12481	387	2	roberto	roberto	PROPN
cblr-12481	387	3	tallarita	tallarita	PROPN
cblr-12481	387	4	,	,	PUNCT
cblr-12481	387	5	stockholder	stockholder	NOUN
cblr-12481	387	6	politics	politic	NOUN
cblr-12481	387	7	,	,	PUNCT
cblr-12481	387	8	73	73	NUM
cblr-12481	387	9	hastings	hastings	PROPN
cblr-12481	387	10	l.j	l.j	PROPN
cblr-12481	387	11	.	.	PROPN
cblr-12481	387	12	1697	1697	NUM
cblr-12481	387	13	,	,	PUNCT
cblr-12481	387	14	1710	1710	NUM
cblr-12481	387	15	(	(	PUNCT
cblr-12481	387	16	2022	2022	NUM
cblr-12481	387	17	)	)	PUNCT
cblr-12481	387	18	.	.	PUNCT
cblr-12481	388	1	64	64	NUM
cblr-12481	388	2	hwang	hwang	PROPN
cblr-12481	388	3	&	&	CCONJ
cblr-12481	388	4	nili	nili	PROPN
cblr-12481	388	5	,	,	PUNCT
cblr-12481	388	6	supra	supra	PROPN
cblr-12481	388	7	note	note	PROPN
cblr-12481	388	8	37	37	NUM
cblr-12481	388	9	,	,	PUNCT
cblr-12481	388	10	at	at	ADP
cblr-12481	388	11	4	4	NUM
cblr-12481	388	12	(	(	PUNCT
cblr-12481	388	13	“	"	PUNCT
cblr-12481	388	14	[	[	X
cblr-12481	388	15	i]n	i]n	ADJ
cblr-12481	388	16	public	public	ADJ
cblr-12481	388	17	companies	company	NOUN
cblr-12481	388	18	,	,	PUNCT
cblr-12481	388	19	shareholders	shareholder	NOUN
cblr-12481	388	20	,	,	PUNCT
cblr-12481	388	21	not	not	PART
cblr-12481	388	22	management	management	NOUN
cblr-12481	388	23	,	,	PUNCT
cblr-12481	388	24	have	have	AUX
cblr-12481	388	25	been	be	AUX
cblr-12481	388	26	the	the	DET
cblr-12481	388	27	driving	drive	VERB
cblr-12481	388	28	force	force	NOUN
cblr-12481	388	29	behind	behind	ADP
cblr-12481	388	30	the	the	DET
cblr-12481	388	31	environmental	environmental	ADJ
cblr-12481	388	32	,	,	PUNCT
cblr-12481	388	33	social	social	ADJ
cblr-12481	388	34	,	,	PUNCT
cblr-12481	388	35	and	and	CCONJ
cblr-12481	388	36	governance	governance	NOUN
cblr-12481	388	37	principles	principle	NOUN
cblr-12481	388	38	that	that	PRON
cblr-12481	388	39	often	often	ADV
cblr-12481	388	40	align	align	VERB
cblr-12481	388	41	with	with	ADP
cblr-12481	388	42	stakeholder	stakeholder	NOUN
cblr-12481	388	43	governance	governance	NOUN
cblr-12481	388	44	.	.	PUNCT
cblr-12481	388	45	”	"	PUNCT
cblr-12481	388	46	)	)	PUNCT
cblr-12481	388	47	.	.	PUNCT
cblr-12481	389	1	65	65	NUM
cblr-12481	389	2	a	a	DET
cblr-12481	389	3	decade	decade	NOUN
cblr-12481	389	4	ago	ago	ADV
cblr-12481	389	5	,	,	PUNCT
cblr-12481	389	6	in	in	ADP
cblr-12481	389	7	the	the	DET
cblr-12481	389	8	wake	wake	NOUN
cblr-12481	389	9	of	of	ADP
cblr-12481	389	10	the	the	DET
cblr-12481	389	11	citizens	citizen	NOUN
cblr-12481	389	12	united	unite	VERB
cblr-12481	389	13	v.	v.	ADP
cblr-12481	389	14	fec	fec	PROPN
cblr-12481	389	15	decision	decision	NOUN
cblr-12481	389	16	when	when	SCONJ
cblr-12481	389	17	the	the	DET
cblr-12481	389	18	supreme	supreme	PROPN
cblr-12481	389	19	court	court	PROPN
cblr-12481	389	20	opened	open	VERB
cblr-12481	389	21	the	the	DET
cblr-12481	389	22	floodgates	floodgate	NOUN
cblr-12481	389	23	to	to	ADP
cblr-12481	389	24	corporate	corporate	ADJ
cblr-12481	389	25	political	political	ADJ
cblr-12481	389	26	spending	spending	NOUN
cblr-12481	389	27	,	,	PUNCT
cblr-12481	389	28	bebchuk	bebchuk	PROPN
cblr-12481	389	29	and	and	CCONJ
cblr-12481	389	30	jackson	jackson	PROPN
cblr-12481	389	31	advanced	advance	VERB
cblr-12481	389	32	a	a	DET
cblr-12481	389	33	version	version	NOUN
cblr-12481	389	34	of	of	ADP
cblr-12481	389	35	that	that	DET
cblr-12481	389	36	shareholder	shareholder	NOUN
cblr-12481	389	37	-	-	PUNCT
cblr-12481	389	38	controlled	control	VERB
cblr-12481	389	39	stakeholderism	stakeholderism	NOUN
cblr-12481	389	40	position	position	NOUN
cblr-12481	389	41	that	that	PRON
cblr-12481	389	42	transfers	transfer	NOUN
cblr-12481	389	43	easily	easily	ADV
cblr-12481	389	44	to	to	ADP
cblr-12481	389	45	a	a	DET
cblr-12481	389	46	broader	broad	ADJ
cblr-12481	389	47	range	range	NOUN
cblr-12481	389	48	of	of	ADP
cblr-12481	389	49	stakeholder	stakeholder	NOUN
cblr-12481	389	50	subjects	subject	NOUN
cblr-12481	389	51	now	now	ADV
cblr-12481	389	52	considered	consider	VERB
cblr-12481	389	53	to	to	PART
cblr-12481	389	54	be	be	AUX
cblr-12481	389	55	esg	esg	PROPN
cblr-12481	389	56	.	.	PUNCT
cblr-12481	390	1	this	this	DET
cblr-12481	390	2	approach	approach	NOUN
cblr-12481	390	3	appears	appear	VERB
cblr-12481	390	4	to	to	PART
cblr-12481	390	5	be	be	AUX
cblr-12481	390	6	a	a	DET
cblr-12481	390	7	sort	sort	NOUN
cblr-12481	390	8	of	of	ADP
cblr-12481	390	9	resigned	resign	VERB
cblr-12481	390	10	compromise	compromise	NOUN
cblr-12481	390	11	by	by	ADP
cblr-12481	390	12	those	those	PRON
cblr-12481	390	13	who	who	PRON
cblr-12481	390	14	have	have	AUX
cblr-12481	390	15	long	long	ADV
cblr-12481	390	16	advocated	advocate	VERB
cblr-12481	390	17	for	for	ADP
cblr-12481	390	18	a	a	DET
cblr-12481	390	19	shareholder	shareholder	NOUN
cblr-12481	390	20	-	-	PUNCT
cblr-12481	390	21	controlled	control	VERB
cblr-12481	390	22	shareholder	shareholder	NOUN
cblr-12481	390	23	wealth	wealth	NOUN
cblr-12481	390	24	maximizing	maximize	VERB
cblr-12481	390	25	position	position	NOUN
cblr-12481	390	26	but	but	CCONJ
cblr-12481	390	27	who	who	PRON
cblr-12481	390	28	recognize	recognize	VERB
cblr-12481	390	29	its	its	PRON
cblr-12481	390	30	increasing	increase	VERB
cblr-12481	390	31	incongruence	incongruence	NOUN
cblr-12481	390	32	with	with	ADP
cblr-12481	390	33	broader	broad	ADJ
cblr-12481	390	34	practice	practice	NOUN
cblr-12481	390	35	.	.	PUNCT
cblr-12481	391	1	their	their	PRON
cblr-12481	391	2	proposal	proposal	NOUN
cblr-12481	391	3	allows	allow	VERB
cblr-12481	391	4	shareholders	shareholder	NOUN
cblr-12481	391	5	to	to	PART
cblr-12481	391	6	retain	retain	VERB
cblr-12481	391	7	more	more	ADJ
cblr-12481	391	8	discretion	discretion	NOUN
cblr-12481	391	9	over	over	ADP
cblr-12481	391	10	nonpecuniary	nonpecuniary	ADJ
cblr-12481	391	11	corporate	corporate	ADJ
cblr-12481	391	12	decisions	decision	NOUN
cblr-12481	391	13	.	.	PUNCT
cblr-12481	392	1	see	see	VERB
cblr-12481	392	2	bebchuk	bebchuk	PROPN
cblr-12481	392	3	&	&	CCONJ
cblr-12481	392	4	jackson	jackson	PROPN
cblr-12481	392	5	,	,	PUNCT
cblr-12481	392	6	jr	jr	PROPN
cblr-12481	392	7	.	.	PROPN
cblr-12481	392	8	,	,	PUNCT
cblr-12481	392	9	supra	supra	PROPN
cblr-12481	392	10	note	note	PROPN
cblr-12481	392	11	34	34	NUM
cblr-12481	392	12	,	,	PUNCT
cblr-12481	392	13	at	at	ADP
cblr-12481	392	14	84	84	NUM
cblr-12481	392	15	(	(	PUNCT
cblr-12481	392	16	2010	2010	NUM
cblr-12481	392	17	)	)	PUNCT
cblr-12481	392	18	.	.	PUNCT
cblr-12481	393	1	850	850	NUM
cblr-12481	393	2	columbia	columbia	PROPN
cblr-12481	393	3	business	business	NOUN
cblr-12481	393	4	law	law	PROPN
cblr-12481	393	5	review	review	NOUN
cblr-12481	393	6	[	[	X
cblr-12481	393	7	vol	vol	NOUN
cblr-12481	393	8	.	.	PUNCT
cblr-12481	393	9	2023	2023	NUM
cblr-12481	393	10	mechanism	mechanism	NOUN
cblr-12481	393	11	for	for	ADP
cblr-12481	393	12	democratic	democratic	ADJ
cblr-12481	393	13	participation	participation	NOUN
cblr-12481	393	14	in	in	ADP
cblr-12481	393	15	corporate	corporate	ADJ
cblr-12481	393	16	governance	governance	NOUN
cblr-12481	393	17	,	,	PUNCT
cblr-12481	393	18	and	and	CCONJ
cblr-12481	393	19	weakening	weaken	VERB
cblr-12481	393	20	proxy	proxy	ADJ
cblr-12481	393	21	campaign	campaign	NOUN
cblr-12481	393	22	restrictions	restriction	NOUN
cblr-12481	393	23	.	.	PUNCT
cblr-12481	394	1	they	they	PRON
cblr-12481	394	2	have	have	AUX
cblr-12481	394	3	succeeded	succeed	VERB
cblr-12481	394	4	in	in	ADP
cblr-12481	394	5	advancing	advance	VERB
cblr-12481	394	6	recent	recent	ADJ
cblr-12481	394	7	regulatory	regulatory	ADJ
cblr-12481	394	8	reforms	reform	NOUN
cblr-12481	394	9	furthering	further	VERB
cblr-12481	394	10	these	these	DET
cblr-12481	394	11	objectives	objective	NOUN
cblr-12481	394	12	.	.	PUNCT
cblr-12481	395	1	one	one	NUM
cblr-12481	395	2	example	example	NOUN
cblr-12481	395	3	is	be	AUX
cblr-12481	395	4	an	an	DET
cblr-12481	395	5	interpretation	interpretation	NOUN
cblr-12481	395	6	of	of	ADP
cblr-12481	395	7	rule	rule	NOUN
cblr-12481	395	8	14a866	14a866	PROPN
cblr-12481	395	9	governing	govern	VERB
cblr-12481	395	10	the	the	DET
cblr-12481	395	11	shareholder	shareholder	NOUN
cblr-12481	395	12	proposal	proposal	NOUN
cblr-12481	395	13	process	process	NOUN
cblr-12481	395	14	.	.	PUNCT
cblr-12481	396	1	the	the	DET
cblr-12481	396	2	rule	rule	NOUN
cblr-12481	396	3	allows	allow	VERB
cblr-12481	396	4	shareholders	shareholder	NOUN
cblr-12481	396	5	to	to	PART
cblr-12481	396	6	submit	submit	VERB
cblr-12481	396	7	proposals	proposal	NOUN
cblr-12481	396	8	as	as	ADP
cblr-12481	396	9	part	part	NOUN
cblr-12481	396	10	of	of	ADP
cblr-12481	396	11	a	a	DET
cblr-12481	396	12	company	company	NOUN
cblr-12481	396	13	’s	’s	PART
cblr-12481	396	14	proxy	proxy	ADJ
cblr-12481	396	15	statement	statement	NOUN
cblr-12481	396	16	,	,	PUNCT
cblr-12481	396	17	and	and	CCONJ
cblr-12481	396	18	previously	previously	ADV
cblr-12481	396	19	required	require	VERB
cblr-12481	396	20	that	that	SCONJ
cblr-12481	396	21	proposals	proposal	NOUN
cblr-12481	396	22	have	have	VERB
cblr-12481	396	23	some	some	DET
cblr-12481	396	24	economic	economic	ADJ
cblr-12481	396	25	nexus	nexus	NOUN
cblr-12481	396	26	to	to	ADP
cblr-12481	396	27	company	company	NOUN
cblr-12481	396	28	operations	operation	NOUN
cblr-12481	396	29	.	.	PUNCT
cblr-12481	397	1	the	the	DET
cblr-12481	397	2	rule	rule	NOUN
cblr-12481	397	3	includes	include	VERB
cblr-12481	397	4	a	a	DET
cblr-12481	397	5	provision	provision	NOUN
cblr-12481	397	6	permitting	permit	VERB
cblr-12481	397	7	managers	manager	NOUN
cblr-12481	397	8	to	to	PART
cblr-12481	397	9	exclude	exclude	VERB
cblr-12481	397	10	proposals	proposal	NOUN
cblr-12481	397	11	that	that	PRON
cblr-12481	397	12	constitute	constitute	VERB
cblr-12481	397	13	micromanagement	micromanagement	NOUN
cblr-12481	397	14	.	.	PUNCT
cblr-12481	398	1	in	in	ADP
cblr-12481	398	2	a	a	DET
cblr-12481	398	3	recent	recent	ADJ
cblr-12481	398	4	staff	staff	NOUN
cblr-12481	398	5	legal	legal	ADJ
cblr-12481	398	6	bulletin	bulletin	NOUN
cblr-12481	398	7	(	(	PUNCT
cblr-12481	398	8	slb	slb	PROPN
cblr-12481	398	9	14l	14l	NUM
cblr-12481	398	10	)	)	PUNCT
cblr-12481	398	11	,	,	PUNCT
cblr-12481	398	12	however	however	ADV
cblr-12481	398	13	,	,	PUNCT
cblr-12481	398	14	the	the	DET
cblr-12481	398	15	sec	sec	PROPN
cblr-12481	398	16	modified	modify	VERB
cblr-12481	398	17	its	its	PRON
cblr-12481	398	18	interpretation	interpretation	NOUN
cblr-12481	398	19	to	to	PART
cblr-12481	398	20	allow	allow	VERB
cblr-12481	398	21	the	the	DET
cblr-12481	398	22	distribution	distribution	NOUN
cblr-12481	398	23	of	of	ADP
cblr-12481	398	24	proposals	proposal	NOUN
cblr-12481	398	25	with	with	ADP
cblr-12481	398	26	no	no	DET
cblr-12481	398	27	economic	economic	ADJ
cblr-12481	398	28	nexus	nexus	NOUN
cblr-12481	398	29	if	if	SCONJ
cblr-12481	398	30	issues	issue	NOUN
cblr-12481	398	31	have	have	VERB
cblr-12481	398	32	“	"	PUNCT
cblr-12481	398	33	a	a	DET
cblr-12481	398	34	broad	broad	ADJ
cblr-12481	398	35	societal	societal	ADJ
cblr-12481	398	36	impact	impact	NOUN
cblr-12481	398	37	.	.	PUNCT
cblr-12481	399	1	”67	”67	PUNCT
cblr-12481	399	2	these	these	DET
cblr-12481	399	3	reforms	reform	NOUN
cblr-12481	399	4	66	66	NUM
cblr-12481	399	5	sec	sec	PROPN
cblr-12481	399	6	staff	staff	NOUN
cblr-12481	399	7	legal	legal	ADJ
cblr-12481	399	8	bulletin	bulletin	NOUN
cblr-12481	399	9	no	no	INTJ
cblr-12481	399	10	.	.	PUNCT
cblr-12481	399	11	14l	14l	PROPN
cblr-12481	399	12	(	(	PUNCT
cblr-12481	399	13	cf	cf	NOUN
cblr-12481	399	14	)	)	PUNCT
cblr-12481	399	15	,	,	PUNCT
cblr-12481	399	16	87	87	NUM
cblr-12481	399	17	fed	fed	PROPN
cblr-12481	399	18	.	.	PUNCT
cblr-12481	400	1	reg	reg	PROPN
cblr-12481	400	2	.	.	PUNCT
cblr-12481	401	1	45052	45052	NUM
cblr-12481	401	2	(	(	PUNCT
cblr-12481	401	3	nov	nov	PROPN
cblr-12481	401	4	.	.	PROPN
cblr-12481	401	5	3	3	NUM
cblr-12481	401	6	,	,	PUNCT
cblr-12481	401	7	2021	2021	NUM
cblr-12481	401	8	)	)	PUNCT
cblr-12481	401	9	,	,	PUNCT
cblr-12481	401	10	https://www.sec.gov/corpfin/staff-legal-bulletin-14l-shareholder-proposals	https://www.sec.gov/corpfin/staff-legal-bulletin-14l-shareholder-proposal	VERB
cblr-12481	401	11	[	[	X
cblr-12481	401	12	https://perma.cc/e96b-nwda	https://perma.cc/e96b-nwda	X
cblr-12481	401	13	]	]	X
cblr-12481	402	1	[	[	X
cblr-12481	402	2	hereinafter	hereinafter	NOUN
cblr-12481	402	3	sec	sec	PROPN
cblr-12481	402	4	legal	legal	ADJ
cblr-12481	402	5	bulletin	bulletin	NOUN
cblr-12481	402	6	]	]	PUNCT
cblr-12481	402	7	;	;	PUNCT
cblr-12481	402	8	see	see	VERB
cblr-12481	402	9	also	also	ADV
cblr-12481	402	10	infra	infra	VERB
cblr-12481	402	11	notes	note	NOUN
cblr-12481	402	12	79	79	NUM
cblr-12481	402	13	,	,	PUNCT
cblr-12481	402	14	140	140	NUM
cblr-12481	402	15	.	.	PUNCT
cblr-12481	403	1	sec	sec	PROPN
cblr-12481	403	2	rule	rule	NOUN
cblr-12481	403	3	14a-8	14a-8	NUM
cblr-12481	403	4	has	have	AUX
cblr-12481	403	5	served	serve	VERB
cblr-12481	403	6	as	as	ADP
cblr-12481	403	7	a	a	DET
cblr-12481	403	8	platform	platform	NOUN
cblr-12481	403	9	for	for	ADP
cblr-12481	403	10	competing	compete	VERB
cblr-12481	403	11	corporate	corporate	ADJ
cblr-12481	403	12	governance	governance	NOUN
cblr-12481	403	13	approaches	approach	NOUN
cblr-12481	403	14	to	to	ADP
cblr-12481	403	15	stakeholderism	stakeholderism	NOUN
cblr-12481	403	16	.	.	PUNCT
cblr-12481	404	1	this	this	DET
cblr-12481	404	2	rule	rule	NOUN
cblr-12481	404	3	determines	determine	NOUN
cblr-12481	404	4	who	who	PRON
cblr-12481	404	5	can	can	AUX
cblr-12481	404	6	promote	promote	VERB
cblr-12481	404	7	esg	esg	NOUN
cblr-12481	404	8	topics	topic	NOUN
cblr-12481	404	9	and	and	CCONJ
cblr-12481	404	10	on	on	ADP
cblr-12481	404	11	what	what	DET
cblr-12481	404	12	subjects	subject	NOUN
cblr-12481	404	13	.	.	PUNCT
cblr-12481	405	1	this	this	PRON
cblr-12481	405	2	has	have	VERB
cblr-12481	405	3	important	important	ADJ
cblr-12481	405	4	implications	implication	NOUN
cblr-12481	405	5	for	for	ADP
cblr-12481	405	6	stakeholderism	stakeholderism	NOUN
cblr-12481	405	7	because	because	SCONJ
cblr-12481	405	8	esg	esg	NOUN
cblr-12481	405	9	proposals	proposal	NOUN
cblr-12481	405	10	,	,	PUNCT
cblr-12481	405	11	which	which	PRON
cblr-12481	405	12	were	be	AUX
cblr-12481	405	13	,	,	PUNCT
cblr-12481	405	14	until	until	ADP
cblr-12481	405	15	relatively	relatively	ADV
cblr-12481	405	16	recently	recently	ADV
cblr-12481	405	17	,	,	PUNCT
cblr-12481	405	18	only	only	ADV
cblr-12481	405	19	a	a	DET
cblr-12481	405	20	fringe	fringe	NOUN
cblr-12481	405	21	subset	subset	NOUN
cblr-12481	405	22	of	of	ADP
cblr-12481	405	23	shareholder	shareholder	NOUN
cblr-12481	405	24	proposals	proposal	NOUN
cblr-12481	405	25	,	,	PUNCT
cblr-12481	405	26	now	now	ADV
cblr-12481	405	27	garner	garner	VERB
cblr-12481	405	28	attention	attention	NOUN
cblr-12481	405	29	by	by	ADP
cblr-12481	405	30	shareholders	shareholder	NOUN
cblr-12481	405	31	,	,	PUNCT
cblr-12481	405	32	corporate	corporate	ADJ
cblr-12481	405	33	directors	director	NOUN
cblr-12481	405	34	,	,	PUNCT
cblr-12481	405	35	corporate	corporate	ADJ
cblr-12481	405	36	law	law	NOUN
cblr-12481	405	37	firms	firm	NOUN
cblr-12481	405	38	,	,	PUNCT
cblr-12481	405	39	proxy	proxy	NOUN
cblr-12481	405	40	voting	voting	NOUN
cblr-12481	405	41	advisory	advisory	ADJ
cblr-12481	405	42	firms	firm	NOUN
cblr-12481	405	43	,	,	PUNCT
cblr-12481	405	44	and	and	CCONJ
cblr-12481	405	45	institutional	institutional	ADJ
cblr-12481	405	46	investors	investor	NOUN
cblr-12481	405	47	as	as	ADP
cblr-12481	405	48	an	an	DET
cblr-12481	405	49	indicator	indicator	NOUN
cblr-12481	405	50	of	of	ADP
cblr-12481	405	51	the	the	DET
cblr-12481	405	52	issues	issue	NOUN
cblr-12481	405	53	that	that	PRON
cblr-12481	405	54	investors	investor	NOUN
cblr-12481	405	55	care	care	VERB
cblr-12481	405	56	about	about	ADP
cblr-12481	405	57	and	and	CCONJ
cblr-12481	405	58	are	be	AUX
cblr-12481	405	59	receiving	receive	VERB
cblr-12481	405	60	a	a	DET
cblr-12481	405	61	much	much	ADV
cblr-12481	405	62	higher	high	ADJ
cblr-12481	405	63	voting	voting	NOUN
cblr-12481	405	64	turnout	turnout	NOUN
cblr-12481	405	65	than	than	ADP
cblr-12481	405	66	before	before	ADV
cblr-12481	405	67	.	.	PUNCT
cblr-12481	406	1	two	two	NUM
cblr-12481	406	2	rules	rule	NOUN
cblr-12481	406	3	have	have	AUX
cblr-12481	406	4	notably	notably	ADV
cblr-12481	406	5	been	be	AUX
cblr-12481	406	6	amended	amend	VERB
cblr-12481	406	7	by	by	ADP
cblr-12481	406	8	both	both	CCONJ
cblr-12481	406	9	the	the	DET
cblr-12481	406	10	trump	trump	NOUN
cblr-12481	406	11	and	and	CCONJ
cblr-12481	406	12	biden	biden	NOUN
cblr-12481	406	13	administrations	administration	NOUN
cblr-12481	406	14	,	,	PUNCT
cblr-12481	406	15	and	and	CCONJ
cblr-12481	406	16	republican	republican	PROPN
cblr-12481	406	17	and	and	CCONJ
cblr-12481	406	18	democrat	democrat	PROPN
cblr-12481	406	19	controlled	control	VERB
cblr-12481	406	20	secs	sec	NOUN
cblr-12481	406	21	,	,	PUNCT
cblr-12481	406	22	evidencing	evidence	VERB
cblr-12481	406	23	a	a	DET
cblr-12481	406	24	back	back	VERB
cblr-12481	406	25	-	-	PUNCT
cblr-12481	406	26	and	and	CCONJ
cblr-12481	406	27	-	-	PUNCT
cblr-12481	406	28	forth	forth	NOUN
cblr-12481	406	29	struggle	struggle	NOUN
cblr-12481	406	30	over	over	ADP
cblr-12481	406	31	shareholders	shareholder	NOUN
cblr-12481	406	32	’	'	PUNCT
cblr-12481	406	33	role	role	NOUN
cblr-12481	406	34	in	in	ADP
cblr-12481	406	35	governing	govern	VERB
cblr-12481	406	36	stakeholderism	stakeholderism	NOUN
cblr-12481	406	37	.	.	PUNCT
cblr-12481	407	1	one	one	NUM
cblr-12481	407	2	concerns	concern	NOUN
cblr-12481	407	3	ownership	ownership	NOUN
cblr-12481	407	4	requirements	requirement	NOUN
cblr-12481	407	5	with	with	ADP
cblr-12481	407	6	respect	respect	NOUN
cblr-12481	407	7	to	to	ADP
cblr-12481	407	8	number	number	NOUN
cblr-12481	407	9	of	of	ADP
cblr-12481	407	10	shares	share	NOUN
cblr-12481	407	11	and	and	CCONJ
cblr-12481	407	12	duration	duration	NOUN
cblr-12481	407	13	of	of	ADP
cblr-12481	407	14	ownership	ownership	NOUN
cblr-12481	407	15	required	require	VERB
cblr-12481	407	16	to	to	PART
cblr-12481	407	17	submit	submit	VERB
cblr-12481	407	18	a	a	DET
cblr-12481	407	19	shareholder	shareholder	NOUN
cblr-12481	407	20	proposal	proposal	NOUN
cblr-12481	407	21	.	.	PUNCT
cblr-12481	408	1	the	the	DET
cblr-12481	408	2	second	second	ADJ
cblr-12481	408	3	concerns	concern	VERB
cblr-12481	408	4	the	the	DET
cblr-12481	408	5	types	type	NOUN
cblr-12481	408	6	of	of	ADP
cblr-12481	408	7	subjects	subject	NOUN
cblr-12481	408	8	that	that	PRON
cblr-12481	408	9	may	may	AUX
cblr-12481	408	10	be	be	AUX
cblr-12481	408	11	addressed	address	VERB
cblr-12481	408	12	in	in	ADP
cblr-12481	408	13	a	a	DET
cblr-12481	408	14	shareholder	shareholder	NOUN
cblr-12481	408	15	proposal	proposal	NOUN
cblr-12481	408	16	,	,	PUNCT
cblr-12481	408	17	dealing	deal	VERB
cblr-12481	408	18	specifically	specifically	ADV
cblr-12481	408	19	with	with	ADP
cblr-12481	408	20	subjects	subject	NOUN
cblr-12481	408	21	that	that	PRON
cblr-12481	408	22	may	may	AUX
cblr-12481	408	23	be	be	AUX
cblr-12481	408	24	excluded	exclude	VERB
cblr-12481	408	25	by	by	ADP
cblr-12481	408	26	managers	manager	NOUN
cblr-12481	408	27	.	.	PUNCT
cblr-12481	409	1	the	the	DET
cblr-12481	409	2	republican	republican	PROPN
cblr-12481	409	3	-	-	PUNCT
cblr-12481	409	4	controlled	control	VERB
cblr-12481	409	5	sec	sec	PROPN
cblr-12481	409	6	limited	limited	ADJ
cblr-12481	409	7	subjects	subject	NOUN
cblr-12481	409	8	appropriate	appropriate	ADJ
cblr-12481	409	9	for	for	ADP
cblr-12481	409	10	shareholder	shareholder	NOUN
cblr-12481	409	11	proposals	proposal	NOUN
cblr-12481	409	12	to	to	ADP
cblr-12481	409	13	those	those	PRON
cblr-12481	409	14	passing	pass	VERB
cblr-12481	409	15	a	a	DET
cblr-12481	409	16	test	test	NOUN
cblr-12481	409	17	of	of	ADP
cblr-12481	409	18	economic	economic	ADJ
cblr-12481	409	19	significance	significance	NOUN
cblr-12481	409	20	and	and	CCONJ
cblr-12481	409	21	having	have	VERB
cblr-12481	409	22	some	some	DET
cblr-12481	409	23	nexus	nexus	NOUN
cblr-12481	409	24	to	to	ADP
cblr-12481	409	25	a	a	DET
cblr-12481	409	26	company	company	NOUN
cblr-12481	409	27	’s	’s	PART
cblr-12481	409	28	operations	operation	NOUN
cblr-12481	409	29	and	and	CCONJ
cblr-12481	409	30	going	go	VERB
cblr-12481	409	31	beyond	beyond	ADP
cblr-12481	409	32	ordinary	ordinary	ADJ
cblr-12481	409	33	business	business	NOUN
cblr-12481	409	34	matters	matter	NOUN
cblr-12481	409	35	.	.	PUNCT
cblr-12481	410	1	press	press	NOUN
cblr-12481	410	2	release	release	NOUN
cblr-12481	410	3	,	,	PUNCT
cblr-12481	410	4	sec	sec	PROPN
cblr-12481	410	5	,	,	PUNCT
cblr-12481	410	6	sec	sec	PROPN
cblr-12481	410	7	adopts	adopt	VERB
cblr-12481	410	8	amendments	amendment	NOUN
cblr-12481	410	9	to	to	PART
cblr-12481	410	10	modernize	modernize	VERB
cblr-12481	410	11	shareholder	shareholder	NOUN
cblr-12481	410	12	proposal	proposal	NOUN
cblr-12481	410	13	rule	rule	NOUN
cblr-12481	410	14	(	(	PUNCT
cblr-12481	410	15	sept	sept	PROPN
cblr-12481	410	16	.	.	PROPN
cblr-12481	410	17	23	23	NUM
cblr-12481	410	18	,	,	PUNCT
cblr-12481	410	19	2020	2020	NUM
cblr-12481	410	20	)	)	PUNCT
cblr-12481	410	21	,	,	PUNCT
cblr-12481	410	22	https://www.sec.gov/news/press-release/2020-220	https://www.sec.gov/news/press-release/2020-220	NOUN
cblr-12481	410	23	[	[	X
cblr-12481	410	24	https://perma.cc/9vya83et	https://perma.cc/9vya83et	X
cblr-12481	410	25	]	]	X
cblr-12481	410	26	.	.	PUNCT
cblr-12481	411	1	the	the	DET
cblr-12481	411	2	democrat	democrat	PROPN
cblr-12481	411	3	-	-	PUNCT
cblr-12481	411	4	controlled	control	VERB
cblr-12481	411	5	sec	sec	PROPN
cblr-12481	411	6	,	,	PUNCT
cblr-12481	411	7	on	on	ADP
cblr-12481	411	8	the	the	DET
cblr-12481	411	9	other	other	ADJ
cblr-12481	411	10	hand	hand	NOUN
cblr-12481	411	11	,	,	PUNCT
cblr-12481	411	12	recently	recently	ADV
cblr-12481	411	13	expanded	expand	VERB
cblr-12481	411	14	permissible	permissible	ADJ
cblr-12481	411	15	subjects	subject	NOUN
cblr-12481	411	16	to	to	ADP
cblr-12481	411	17	matters	matter	NOUN
cblr-12481	411	18	of	of	ADP
cblr-12481	411	19	a	a	DET
cblr-12481	411	20	broad	broad	ADJ
cblr-12481	411	21	social	social	ADJ
cblr-12481	411	22	significance	significance	NOUN
cblr-12481	411	23	thus	thus	ADV
cblr-12481	411	24	expanding	expand	VERB
cblr-12481	411	25	shareholder	shareholder	NOUN
cblr-12481	411	26	-	-	PUNCT
cblr-12481	411	27	control	control	NOUN
cblr-12481	411	28	over	over	ADP
cblr-12481	411	29	esg	esg	PROPN
cblr-12481	411	30	.	.	PUNCT
cblr-12481	412	1	supra	supra	PROPN
cblr-12481	412	2	sec	sec	PROPN
cblr-12481	412	3	legal	legal	ADJ
cblr-12481	412	4	bulletin	bulletin	NOUN
cblr-12481	412	5	.	.	PUNCT
cblr-12481	413	1	67	67	NUM
cblr-12481	413	2	sec	sec	PROPN
cblr-12481	413	3	legal	legal	ADJ
cblr-12481	413	4	bulletin	bulletin	NOUN
cblr-12481	413	5	,	,	PUNCT
cblr-12481	413	6	supra	supra	PROPN
cblr-12481	413	7	note	note	NOUN
cblr-12481	413	8	66	66	NUM
cblr-12481	413	9	(	(	PUNCT
cblr-12481	413	10	“	"	PUNCT
cblr-12481	413	11	[	[	PUNCT
cblr-12481	413	12	s]taff	s]taff	NOUN
cblr-12481	413	13	will	will	AUX
cblr-12481	413	14	no	no	ADV
cblr-12481	413	15	longer	long	ADV
cblr-12481	413	16	focus	focus	VERB
cblr-12481	413	17	on	on	ADP
cblr-12481	413	18	determining	determine	VERB
cblr-12481	413	19	the	the	DET
cblr-12481	413	20	nexus	nexus	NOUN
cblr-12481	413	21	between	between	ADP
cblr-12481	413	22	a	a	DET
cblr-12481	413	23	policy	policy	NOUN
cblr-12481	413	24	issue	issue	NOUN
cblr-12481	413	25	and	and	CCONJ
cblr-12481	413	26	the	the	DET
cblr-12481	413	27	company	company	NOUN
cblr-12481	413	28	,	,	PUNCT
cblr-12481	413	29	but	but	CCONJ
cblr-12481	413	30	will	will	AUX
cblr-12481	413	31	instead	instead	ADV
cblr-12481	413	32	focus	focus	VERB
cblr-12481	413	33	on	on	ADP
cblr-12481	413	34	the	the	DET
cblr-12481	413	35	social	social	ADJ
cblr-12481	413	36	policy	policy	NOUN
cblr-12481	413	37	significance	significance	NOUN
cblr-12481	413	38	of	of	ADP
cblr-12481	413	39	the	the	DET
cblr-12481	413	40	issue	issue	NOUN
cblr-12481	413	41	that	that	PRON
cblr-12481	413	42	is	be	AUX
cblr-12481	413	43	the	the	DET
cblr-12481	413	44	subject	subject	ADJ
cblr-12481	413	45	no	no	NOUN
cblr-12481	413	46	.	.	NOUN
cblr-12481	413	47	2	2	NUM
cblr-12481	413	48	]	]	X
cblr-12481	413	49	corporate	corporate	ADJ
cblr-12481	413	50	technocracy	technocracy	NOUN
cblr-12481	413	51	851	851	NUM
cblr-12481	413	52	notably	notably	ADV
cblr-12481	413	53	expand	expand	VERB
cblr-12481	413	54	shareholder	shareholder	NOUN
cblr-12481	413	55	power	power	NOUN
cblr-12481	413	56	,	,	PUNCT
cblr-12481	413	57	giving	give	VERB
cblr-12481	413	58	shareholders	shareholder	NOUN
cblr-12481	413	59	greater	great	ADJ
cblr-12481	413	60	leverage	leverage	NOUN
cblr-12481	413	61	in	in	ADP
cblr-12481	413	62	setting	set	VERB
cblr-12481	413	63	corporate	corporate	ADJ
cblr-12481	413	64	esg	esg	NOUN
cblr-12481	413	65	agendas	agenda	NOUN
cblr-12481	413	66	.	.	PUNCT
cblr-12481	414	1	4	4	X
cblr-12481	414	2	.	.	X
cblr-12481	414	3	codetermination	codetermination	NOUN
cblr-12481	414	4	though	though	SCONJ
cblr-12481	414	5	it	it	PRON
cblr-12481	414	6	is	be	AUX
cblr-12481	414	7	not	not	PART
cblr-12481	414	8	considered	consider	VERB
cblr-12481	414	9	a	a	DET
cblr-12481	414	10	part	part	NOUN
cblr-12481	414	11	of	of	ADP
cblr-12481	414	12	the	the	DET
cblr-12481	414	13	mainstream	mainstream	PROPN
cblr-12481	414	14	esg	esg	PROPN
cblr-12481	414	15	debate	debate	NOUN
cblr-12481	414	16	,	,	PUNCT
cblr-12481	414	17	codetermination	codetermination	NOUN
cblr-12481	414	18	is	be	AUX
cblr-12481	414	19	often	often	ADV
cblr-12481	414	20	folded	fold	VERB
cblr-12481	414	21	into	into	ADP
cblr-12481	414	22	a	a	DET
cblr-12481	414	23	broader	broad	ADJ
cblr-12481	414	24	discussion	discussion	NOUN
cblr-12481	414	25	of	of	ADP
cblr-12481	414	26	corporate	corporate	ADJ
cblr-12481	414	27	purpose	purpose	NOUN
cblr-12481	414	28	.	.	PUNCT
cblr-12481	415	1	advocates	advocate	NOUN
cblr-12481	415	2	of	of	ADP
cblr-12481	415	3	codetermination	codetermination	NOUN
cblr-12481	415	4	seek	seek	VERB
cblr-12481	415	5	to	to	PART
cblr-12481	415	6	include	include	VERB
cblr-12481	415	7	stakeholders	stakeholder	NOUN
cblr-12481	415	8	,	,	PUNCT
cblr-12481	415	9	namely	namely	ADV
cblr-12481	415	10	labor	labor	NOUN
cblr-12481	415	11	,	,	PUNCT
cblr-12481	415	12	in	in	ADP
cblr-12481	415	13	the	the	DET
cblr-12481	415	14	procedures	procedure	NOUN
cblr-12481	415	15	of	of	ADP
cblr-12481	415	16	corporate	corporate	ADJ
cblr-12481	415	17	governance	governance	NOUN
cblr-12481	415	18	.	.	PUNCT
cblr-12481	416	1	they	they	PRON
cblr-12481	416	2	view	view	VERB
cblr-12481	416	3	stakeholderism	stakeholderism	NOUN
cblr-12481	416	4	not	not	PART
cblr-12481	416	5	merely	merely	ADV
cblr-12481	416	6	as	as	ADP
cblr-12481	416	7	an	an	DET
cblr-12481	416	8	end	end	NOUN
cblr-12481	416	9	to	to	PART
cblr-12481	416	10	be	be	AUX
cblr-12481	416	11	achieved	achieve	VERB
cblr-12481	416	12	through	through	ADP
cblr-12481	416	13	manager	manager	NOUN
cblr-12481	416	14	or	or	CCONJ
cblr-12481	416	15	shareholder	shareholder	NOUN
cblr-12481	416	16	sponsorship	sponsorship	NOUN
cblr-12481	416	17	,	,	PUNCT
cblr-12481	416	18	but	but	CCONJ
cblr-12481	416	19	as	as	ADP
cblr-12481	416	20	a	a	DET
cblr-12481	416	21	participatory	participatory	ADJ
cblr-12481	416	22	corporate	corporate	ADJ
cblr-12481	416	23	governance	governance	NOUN
cblr-12481	416	24	project	project	NOUN
cblr-12481	416	25	.	.	PUNCT
cblr-12481	417	1	for	for	ADP
cblr-12481	417	2	example	example	NOUN
cblr-12481	417	3	,	,	PUNCT
cblr-12481	417	4	kent	kent	PROPN
cblr-12481	417	5	greenfield	greenfield	NOUN
cblr-12481	417	6	advances	advance	VERB
cblr-12481	417	7	that	that	SCONJ
cblr-12481	417	8	non	non	ADJ
cblr-12481	417	9	-	-	ADJ
cblr-12481	417	10	equity	equity	ADJ
cblr-12481	417	11	stakeholders	stakeholder	NOUN
cblr-12481	417	12	hold	hold	VERB
cblr-12481	417	13	equal	equal	ADJ
cblr-12481	417	14	entitlements	entitlement	NOUN
cblr-12481	417	15	to	to	ADP
cblr-12481	417	16	shareholders	shareholder	NOUN
cblr-12481	417	17	and	and	CCONJ
cblr-12481	417	18	,	,	PUNCT
cblr-12481	417	19	accordingly	accordingly	ADV
cblr-12481	417	20	,	,	PUNCT
cblr-12481	417	21	that	that	SCONJ
cblr-12481	417	22	they	they	PRON
cblr-12481	417	23	have	have	VERB
cblr-12481	417	24	a	a	DET
cblr-12481	417	25	right	right	NOUN
cblr-12481	417	26	to	to	PART
cblr-12481	417	27	direct	direct	VERB
cblr-12481	417	28	corporate	corporate	ADJ
cblr-12481	417	29	resources	resource	NOUN
cblr-12481	417	30	to	to	PART
cblr-12481	417	31	meet	meet	VERB
cblr-12481	417	32	collective	collective	ADJ
cblr-12481	417	33	welfare	welfare	NOUN
cblr-12481	417	34	objectives.68	objectives.68	PROPN
cblr-12481	417	35	grant	grant	PROPN
cblr-12481	417	36	hayden	hayden	PROPN
cblr-12481	417	37	and	and	CCONJ
cblr-12481	417	38	matthew	matthew	PROPN
cblr-12481	417	39	bodie69	bodie69	NOUN
cblr-12481	417	40	observe	observe	VERB
cblr-12481	417	41	that	that	SCONJ
cblr-12481	417	42	this	this	DET
cblr-12481	417	43	position	position	NOUN
cblr-12481	417	44	appears	appear	VERB
cblr-12481	417	45	in	in	ADP
cblr-12481	417	46	some	some	DET
cblr-12481	417	47	state	state	NOUN
cblr-12481	417	48	laws	law	NOUN
cblr-12481	417	49	as	as	ADP
cblr-12481	417	50	a	a	DET
cblr-12481	417	51	permissive	permissive	ADJ
cblr-12481	417	52	provision	provision	NOUN
cblr-12481	417	53	and	and	CCONJ
cblr-12481	417	54	that	that	SCONJ
cblr-12481	417	55	,	,	PUNCT
cblr-12481	417	56	while	while	SCONJ
cblr-12481	417	57	not	not	PART
cblr-12481	417	58	in	in	ADP
cblr-12481	417	59	effect	effect	NOUN
cblr-12481	417	60	today	today	NOUN
cblr-12481	417	61	,	,	PUNCT
cblr-12481	417	62	several	several	ADJ
cblr-12481	417	63	states	state	NOUN
cblr-12481	417	64	have	have	AUX
cblr-12481	417	65	codified	codify	VERB
cblr-12481	417	66	codetermination	codetermination	NOUN
cblr-12481	417	67	statutes	statute	NOUN
cblr-12481	417	68	on	on	ADP
cblr-12481	417	69	the	the	DET
cblr-12481	417	70	books.70	books.70	NOUN
cblr-12481	417	71	on	on	ADP
cblr-12481	417	72	the	the	DET
cblr-12481	417	73	presidential	presidential	ADJ
cblr-12481	417	74	campaign	campaign	NOUN
cblr-12481	417	75	trail	trail	NOUN
cblr-12481	417	76	,	,	PUNCT
cblr-12481	417	77	senator	senator	PROPN
cblr-12481	417	78	bernie	bernie	PROPN
cblr-12481	417	79	sanders	sanders	PROPN
cblr-12481	417	80	proposed	propose	VERB
cblr-12481	417	81	democratizing	democratize	VERB
cblr-12481	417	82	corporate	corporate	ADJ
cblr-12481	417	83	boards	board	NOUN
cblr-12481	417	84	and	and	CCONJ
cblr-12481	417	85	requiring	require	VERB
cblr-12481	417	86	federal	federal	ADJ
cblr-12481	417	87	stakeholder	stakeholder	NOUN
cblr-12481	417	88	charters	charter	NOUN
cblr-12481	417	89	for	for	ADP
cblr-12481	417	90	large	large	ADJ
cblr-12481	417	91	companies.71	companies.71	NOUN
cblr-12481	417	92	senator	senator	PROPN
cblr-12481	417	93	elizabeth	elizabeth	PROPN
cblr-12481	417	94	warren	warren	PROPN
cblr-12481	417	95	’s	’s	PART
cblr-12481	417	96	accountable	accountable	ADJ
cblr-12481	417	97	capitalism	capitalism	NOUN
cblr-12481	417	98	of	of	ADP
cblr-12481	417	99	the	the	DET
cblr-12481	417	100	shareholder	shareholder	NOUN
cblr-12481	417	101	proposal	proposal	NOUN
cblr-12481	417	102	.	.	PUNCT
cblr-12481	418	1	in	in	ADP
cblr-12481	418	2	making	make	VERB
cblr-12481	418	3	this	this	DET
cblr-12481	418	4	determination	determination	NOUN
cblr-12481	418	5	,	,	PUNCT
cblr-12481	418	6	the	the	DET
cblr-12481	418	7	staff	staff	NOUN
cblr-12481	418	8	will	will	AUX
cblr-12481	418	9	consider	consider	VERB
cblr-12481	418	10	whether	whether	SCONJ
cblr-12481	418	11	the	the	DET
cblr-12481	418	12	proposal	proposal	NOUN
cblr-12481	418	13	raises	raise	VERB
cblr-12481	418	14	issues	issue	NOUN
cblr-12481	418	15	with	with	ADP
cblr-12481	418	16	a	a	DET
cblr-12481	418	17	broad	broad	ADJ
cblr-12481	418	18	societal	societal	ADJ
cblr-12481	418	19	impact	impact	NOUN
cblr-12481	418	20	,	,	PUNCT
cblr-12481	418	21	such	such	ADJ
cblr-12481	418	22	that	that	SCONJ
cblr-12481	418	23	they	they	PRON
cblr-12481	418	24	transcend	transcend	VERB
cblr-12481	418	25	the	the	DET
cblr-12481	418	26	ordinary	ordinary	ADJ
cblr-12481	418	27	business	business	NOUN
cblr-12481	418	28	of	of	ADP
cblr-12481	418	29	the	the	DET
cblr-12481	418	30	company	company	NOUN
cblr-12481	418	31	.	.	PUNCT
cblr-12481	418	32	”	"	PUNCT
cblr-12481	418	33	)	)	PUNCT
cblr-12481	418	34	.	.	PUNCT
cblr-12481	419	1	68	68	NUM
cblr-12481	419	2	kent	kent	PROPN
cblr-12481	419	3	greenfield	greenfield	PROPN
cblr-12481	419	4	&	&	CCONJ
cblr-12481	419	5	d.	d.	PROPN
cblr-12481	419	6	gordon	gordon	PROPN
cblr-12481	419	7	smith	smith	PROPN
cblr-12481	419	8	,	,	PUNCT
cblr-12481	419	9	debate	debate	NOUN
cblr-12481	419	10	:	:	PUNCT
cblr-12481	419	11	saving	save	VERB
cblr-12481	419	12	the	the	DET
cblr-12481	419	13	world	world	NOUN
cblr-12481	419	14	with	with	ADP
cblr-12481	419	15	corporate	corporate	ADJ
cblr-12481	419	16	law	law	NOUN
cblr-12481	419	17	?	?	PUNCT
cblr-12481	419	18	,	,	PUNCT
cblr-12481	419	19	57	57	NUM
cblr-12481	419	20	emory	emory	PROPN
cblr-12481	419	21	l.j	l.j	PROPN
cblr-12481	419	22	.	.	PROPN
cblr-12481	419	23	947	947	NUM
cblr-12481	419	24	(	(	PUNCT
cblr-12481	419	25	2008	2008	NUM
cblr-12481	419	26	)	)	PUNCT
cblr-12481	419	27	.	.	PUNCT
cblr-12481	420	1	69	69	NUM
cblr-12481	420	2	hayden	hayden	PROPN
cblr-12481	420	3	&	&	CCONJ
cblr-12481	420	4	bodie	bodie	PROPN
cblr-12481	420	5	,	,	PUNCT
cblr-12481	420	6	supra	supra	PROPN
cblr-12481	420	7	note	note	NOUN
cblr-12481	420	8	48	48	NUM
cblr-12481	420	9	,	,	PUNCT
cblr-12481	420	10	at	at	ADP
cblr-12481	420	11	,	,	PUNCT
cblr-12481	420	12	325	325	NUM
cblr-12481	420	13	.	.	PUNCT
cblr-12481	420	14	70	70	NUM
cblr-12481	420	15	see	see	VERB
cblr-12481	420	16	e.g.	e.g.	ADV
cblr-12481	420	17	,	,	PUNCT
cblr-12481	420	18	mass	mass	PROPN
cblr-12481	420	19	.	.	PUNCT
cblr-12481	421	1	gen	gen	PROPN
cblr-12481	421	2	.	.	PROPN
cblr-12481	421	3	laws	laws	PROPN
cblr-12481	421	4	ann	ann	PROPN
cblr-12481	421	5	.	.	PUNCT
cblr-12481	422	1	ch	ch	PROPN
cblr-12481	422	2	.	.	PROPN
cblr-12481	422	3	156	156	NUM
cblr-12481	422	4	,	,	PUNCT
cblr-12481	422	5	§	§	PROPN
cblr-12481	422	6	23	23	NUM
cblr-12481	422	7	(	(	PUNCT
cblr-12481	422	8	2018	2018	NUM
cblr-12481	422	9	)	)	PUNCT
cblr-12481	422	10	(	(	PUNCT
cblr-12481	422	11	“	"	PUNCT
cblr-12481	422	12	a	a	DET
cblr-12481	422	13	manufacturing	manufacturing	NOUN
cblr-12481	422	14	corporation	corporation	NOUN
cblr-12481	422	15	may	may	AUX
cblr-12481	422	16	provide	provide	VERB
cblr-12481	422	17	by	by	ADP
cblr-12481	422	18	by	by	ADP
cblr-12481	422	19	-	-	PUNCT
cblr-12481	422	20	law	law	NOUN
cblr-12481	422	21	for	for	ADP
cblr-12481	422	22	the	the	DET
cblr-12481	422	23	nomination	nomination	NOUN
cblr-12481	422	24	and	and	CCONJ
cblr-12481	422	25	election	election	NOUN
cblr-12481	422	26	by	by	ADP
cblr-12481	422	27	its	its	PRON
cblr-12481	422	28	employees	employee	NOUN
cblr-12481	422	29	of	of	ADP
cblr-12481	422	30	one	one	NUM
cblr-12481	422	31	or	or	CCONJ
cblr-12481	422	32	more	more	ADJ
cblr-12481	422	33	of	of	ADP
cblr-12481	422	34	them	they	PRON
cblr-12481	422	35	as	as	ADP
cblr-12481	422	36	members	member	NOUN
cblr-12481	422	37	of	of	ADP
cblr-12481	422	38	its	its	PRON
cblr-12481	422	39	board	board	NOUN
cblr-12481	422	40	of	of	ADP
cblr-12481	422	41	directors	director	NOUN
cblr-12481	422	42	.	.	PUNCT
cblr-12481	422	43	.	.	PUNCT
cblr-12481	422	44	.	.	PUNCT
cblr-12481	423	1	a	a	DET
cblr-12481	423	2	director	director	NOUN
cblr-12481	423	3	elected	elect	VERB
cblr-12481	423	4	by	by	ADP
cblr-12481	423	5	the	the	DET
cblr-12481	423	6	employees	employee	NOUN
cblr-12481	423	7	shall	shall	AUX
cblr-12481	423	8	have	have	VERB
cblr-12481	423	9	the	the	DET
cblr-12481	423	10	same	same	ADJ
cblr-12481	423	11	rights	right	NOUN
cblr-12481	423	12	and	and	CCONJ
cblr-12481	423	13	powers	power	NOUN
cblr-12481	423	14	and	and	CCONJ
cblr-12481	423	15	shall	shall	AUX
cblr-12481	423	16	be	be	AUX
cblr-12481	423	17	subject	subject	ADJ
cblr-12481	423	18	to	to	ADP
cblr-12481	423	19	the	the	DET
cblr-12481	423	20	same	same	ADJ
cblr-12481	423	21	duties	duty	NOUN
cblr-12481	423	22	and	and	CCONJ
cblr-12481	423	23	responsibilities	responsibility	NOUN
cblr-12481	423	24	as	as	ADP
cblr-12481	423	25	a	a	DET
cblr-12481	423	26	director	director	NOUN
cblr-12481	423	27	elected	elect	VERB
cblr-12481	423	28	by	by	ADP
cblr-12481	423	29	the	the	DET
cblr-12481	423	30	stockholders	stockholder	NOUN
cblr-12481	423	31	.	.	PUNCT
cblr-12481	423	32	”	"	PUNCT
cblr-12481	423	33	)	)	PUNCT
cblr-12481	423	34	.	.	PUNCT
cblr-12481	424	1	71	71	NUM
cblr-12481	424	2	under	under	ADP
cblr-12481	424	3	this	this	DET
cblr-12481	424	4	proposed	propose	VERB
cblr-12481	424	5	plan	plan	NOUN
cblr-12481	424	6	,	,	PUNCT
cblr-12481	424	7	“	"	PUNCT
cblr-12481	424	8	all	all	DET
cblr-12481	424	9	publicly	publicly	ADV
cblr-12481	424	10	traded	trade	VERB
cblr-12481	424	11	companies	company	NOUN
cblr-12481	424	12	must	must	AUX
cblr-12481	424	13	obtain	obtain	VERB
cblr-12481	424	14	a	a	DET
cblr-12481	424	15	federal	federal	ADJ
cblr-12481	424	16	charter	charter	NOUN
cblr-12481	424	17	from	from	ADP
cblr-12481	424	18	a	a	DET
cblr-12481	424	19	newly	newly	ADV
cblr-12481	424	20	established	establish	VERB
cblr-12481	424	21	bureau	bureau	NOUN
cblr-12481	424	22	of	of	ADP
cblr-12481	424	23	corporate	corporate	ADJ
cblr-12481	424	24	governance	governance	NOUN
cblr-12481	424	25	at	at	ADP
cblr-12481	424	26	the	the	DET
cblr-12481	424	27	department	department	PROPN
cblr-12481	424	28	of	of	ADP
cblr-12481	424	29	commerce	commerce	PROPN
cblr-12481	424	30	.	.	PUNCT
cblr-12481	425	1	this	this	DET
cblr-12481	425	2	new	new	ADJ
cblr-12481	425	3	federal	federal	ADJ
cblr-12481	425	4	charter	charter	NOUN
cblr-12481	425	5	will	will	AUX
cblr-12481	425	6	require	require	VERB
cblr-12481	425	7	corporate	corporate	ADJ
cblr-12481	425	8	boards	board	NOUN
cblr-12481	425	9	to	to	PART
cblr-12481	425	10	consider	consider	VERB
cblr-12481	425	11	the	the	DET
cblr-12481	425	12	interests	interest	NOUN
cblr-12481	425	13	of	of	ADP
cblr-12481	425	14	all	all	PRON
cblr-12481	425	15	of	of	ADP
cblr-12481	425	16	the	the	DET
cblr-12481	425	17	stakeholders	stakeholder	NOUN
cblr-12481	425	18	in	in	ADP
cblr-12481	425	19	a	a	DET
cblr-12481	425	20	company	company	NOUN
cblr-12481	425	21	–	–	PUNCT
cblr-12481	425	22	including	include	VERB
cblr-12481	425	23	workers	worker	NOUN
cblr-12481	425	24	,	,	PUNCT
cblr-12481	425	25	customers	customer	NOUN
cblr-12481	425	26	,	,	PUNCT
cblr-12481	425	27	shareholders	shareholder	NOUN
cblr-12481	425	28	,	,	PUNCT
cblr-12481	425	29	and	and	CCONJ
cblr-12481	425	30	the	the	DET
cblr-12481	425	31	communities	community	NOUN
cblr-12481	425	32	in	in	ADP
cblr-12481	425	33	which	which	PRON
cblr-12481	425	34	the	the	DET
cblr-12481	425	35	corporation	corporation	NOUN
cblr-12481	425	36	operates	operate	VERB
cblr-12481	425	37	.	.	PUNCT
cblr-12481	425	38	”	"	PUNCT
cblr-12481	426	1	sanders	sander	NOUN
cblr-12481	426	2	,	,	PUNCT
cblr-12481	426	3	supra	supra	PROPN
cblr-12481	426	4	note	note	NOUN
cblr-12481	426	5	49	49	NUM
cblr-12481	426	6	.	.	PUNCT
cblr-12481	427	1	852	852	NUM
cblr-12481	427	2	columbia	columbia	PROPN
cblr-12481	427	3	business	business	NOUN
cblr-12481	427	4	law	law	PROPN
cblr-12481	427	5	review	review	NOUN
cblr-12481	428	1	[	[	X
cblr-12481	428	2	vol	vol	NOUN
cblr-12481	428	3	.	.	PUNCT
cblr-12481	428	4	2023	2023	NUM
cblr-12481	428	5	act	act	NOUN
cblr-12481	428	6	reflects	reflect	VERB
cblr-12481	428	7	a	a	DET
cblr-12481	428	8	similar	similar	ADJ
cblr-12481	428	9	position	position	NOUN
cblr-12481	428	10	:	:	PUNCT
cblr-12481	428	11	the	the	DET
cblr-12481	428	12	act	act	NOUN
cblr-12481	428	13	would	would	AUX
cblr-12481	428	14	require	require	VERB
cblr-12481	428	15	corporate	corporate	ADJ
cblr-12481	428	16	boards	board	NOUN
cblr-12481	428	17	to	to	PART
cblr-12481	428	18	“	"	PUNCT
cblr-12481	428	19	include	include	VERB
cblr-12481	428	20	substantial	substantial	ADJ
cblr-12481	428	21	employee	employee	NOUN
cblr-12481	428	22	participation	participation	NOUN
cblr-12481	428	23	”	"	PUNCT
cblr-12481	428	24	with	with	ADP
cblr-12481	428	25	“	"	PUNCT
cblr-12481	428	26	no	no	DET
cblr-12481	428	27	fewer	few	ADJ
cblr-12481	428	28	than	than	ADP
cblr-12481	428	29	40	40	NUM
cblr-12481	428	30	%	%	NOUN
cblr-12481	428	31	of	of	ADP
cblr-12481	428	32	its	its	PRON
cblr-12481	428	33	directors	director	NOUN
cblr-12481	428	34	[	[	X
cblr-12481	428	35	being	be	AUX
cblr-12481	428	36	]	]	PUNCT
cblr-12481	428	37	selected	select	VERB
cblr-12481	428	38	by	by	ADP
cblr-12481	428	39	[	[	X
cblr-12481	428	40	its	its	PRON
cblr-12481	428	41	]	]	X
cblr-12481	428	42	employees	employee	NOUN
cblr-12481	428	43	.	.	PUNCT
cblr-12481	429	1	”72	”72	VERB
cblr-12481	429	2	beyond	beyond	ADP
cblr-12481	429	3	a	a	DET
cblr-12481	429	4	claim	claim	NOUN
cblr-12481	429	5	for	for	ADP
cblr-12481	429	6	worker	worker	NOUN
cblr-12481	429	7	participation	participation	NOUN
cblr-12481	429	8	,	,	PUNCT
cblr-12481	429	9	however	however	ADV
cblr-12481	429	10	,	,	PUNCT
cblr-12481	429	11	codetermination	codetermination	NOUN
cblr-12481	429	12	has	have	AUX
cblr-12481	429	13	not	not	PART
cblr-12481	429	14	yet	yet	ADV
cblr-12481	429	15	elaborated	elaborate	VERB
cblr-12481	429	16	a	a	DET
cblr-12481	429	17	framework	framework	NOUN
cblr-12481	429	18	for	for	ADP
cblr-12481	429	19	selecting	select	VERB
cblr-12481	429	20	participating	participate	VERB
cblr-12481	429	21	stakeholders	stakeholder	NOUN
cblr-12481	429	22	and	and	CCONJ
cblr-12481	429	23	for	for	ADP
cblr-12481	429	24	refereeing	referee	VERB
cblr-12481	429	25	between	between	ADP
cblr-12481	429	26	their	their	PRON
cblr-12481	429	27	competing	compete	VERB
cblr-12481	429	28	interests	interest	NOUN
cblr-12481	429	29	.	.	PUNCT
cblr-12481	430	1	iii	iii	X
cblr-12481	430	2	.	.	PUNCT
cblr-12481	431	1	esg	esg	PROPN
cblr-12481	431	2	’s	’s	PART
cblr-12481	431	3	governance	governance	NOUN
cblr-12481	431	4	problems	problem	NOUN
cblr-12481	431	5	each	each	PRON
cblr-12481	431	6	of	of	ADP
cblr-12481	431	7	the	the	DET
cblr-12481	431	8	four	four	NUM
cblr-12481	431	9	esg	esg	NOUN
cblr-12481	431	10	governance	governance	NOUN
cblr-12481	431	11	paradigms	paradigm	NOUN
cblr-12481	431	12	elaborated	elaborate	VERB
cblr-12481	431	13	in	in	ADP
cblr-12481	431	14	part	part	PROPN
cblr-12481	431	15	ii	ii	PROPN
cblr-12481	431	16	makes	make	VERB
cblr-12481	431	17	a	a	DET
cblr-12481	431	18	claim	claim	NOUN
cblr-12481	431	19	about	about	ADP
cblr-12481	431	20	a	a	DET
cblr-12481	431	21	corporation	corporation	NOUN
cblr-12481	431	22	’s	’s	PART
cblr-12481	431	23	principals	principal	NOUN
cblr-12481	431	24	,	,	PUNCT
cblr-12481	431	25	their	their	PRON
cblr-12481	431	26	agents	agent	NOUN
cblr-12481	431	27	,	,	PUNCT
cblr-12481	431	28	and	and	CCONJ
cblr-12481	431	29	control	control	NOUN
cblr-12481	431	30	rights	right	NOUN
cblr-12481	431	31	allocated	allocate	VERB
cblr-12481	431	32	to	to	ADP
cblr-12481	431	33	each	each	PRON
cblr-12481	431	34	.	.	PUNCT
cblr-12481	432	1	an	an	DET
cblr-12481	432	2	embrace	embrace	NOUN
cblr-12481	432	3	of	of	ADP
cblr-12481	432	4	prosocial	prosocial	ADJ
cblr-12481	432	5	corporate	corporate	ADJ
cblr-12481	432	6	purpose	purpose	NOUN
cblr-12481	432	7	creates	create	VERB
cblr-12481	432	8	misalignments	misalignment	NOUN
cblr-12481	432	9	between	between	ADP
cblr-12481	432	10	power	power	NOUN
cblr-12481	432	11	and	and	CCONJ
cblr-12481	432	12	oversight	oversight	NOUN
cblr-12481	432	13	that	that	SCONJ
cblr-12481	432	14	,	,	PUNCT
cblr-12481	432	15	until	until	ADP
cblr-12481	432	16	now	now	ADV
cblr-12481	432	17	,	,	PUNCT
cblr-12481	432	18	remain	remain	AUX
cblr-12481	432	19	governed	govern	VERB
cblr-12481	432	20	by	by	ADP
cblr-12481	432	21	the	the	DET
cblr-12481	432	22	default	default	NOUN
cblr-12481	432	23	arrangements	arrangement	NOUN
cblr-12481	432	24	of	of	ADP
cblr-12481	432	25	shareholder	shareholder	NOUN
cblr-12481	432	26	primacy	primacy	NOUN
cblr-12481	432	27	.	.	PUNCT
cblr-12481	433	1	consequently	consequently	ADV
cblr-12481	433	2	,	,	PUNCT
cblr-12481	433	3	each	each	DET
cblr-12481	433	4	esg	esg	NOUN
cblr-12481	433	5	paradigm	paradigm	NOUN
cblr-12481	433	6	suffers	suffer	VERB
cblr-12481	433	7	from	from	ADP
cblr-12481	433	8	unaddressed	unaddresse	VERB
cblr-12481	433	9	agency	agency	NOUN
cblr-12481	433	10	costs	cost	NOUN
cblr-12481	433	11	.	.	PUNCT
cblr-12481	434	1	the	the	DET
cblr-12481	434	2	separation	separation	NOUN
cblr-12481	434	3	of	of	ADP
cblr-12481	434	4	ownership	ownership	NOUN
cblr-12481	434	5	and	and	CCONJ
cblr-12481	434	6	control	control	NOUN
cblr-12481	434	7	is	be	AUX
cblr-12481	434	8	a	a	DET
cblr-12481	434	9	defining	define	VERB
cblr-12481	434	10	feature	feature	NOUN
cblr-12481	434	11	of	of	ADP
cblr-12481	434	12	the	the	DET
cblr-12481	434	13	modern	modern	ADJ
cblr-12481	434	14	corporation	corporation	NOUN
cblr-12481	434	15	.	.	PUNCT
cblr-12481	435	1	for	for	ADP
cblr-12481	435	2	over	over	ADP
cblr-12481	435	3	half	half	DET
cblr-12481	435	4	a	a	DET
cblr-12481	435	5	century	century	NOUN
cblr-12481	435	6	,	,	PUNCT
cblr-12481	435	7	agency	agency	NOUN
cblr-12481	435	8	theory	theory	NOUN
cblr-12481	435	9	has	have	AUX
cblr-12481	435	10	guided	guide	VERB
cblr-12481	435	11	governance	governance	NOUN
cblr-12481	435	12	solutions	solution	NOUN
cblr-12481	435	13	attempting	attempt	VERB
cblr-12481	435	14	to	to	PART
cblr-12481	435	15	account	account	VERB
cblr-12481	435	16	for	for	ADP
cblr-12481	435	17	the	the	DET
cblr-12481	435	18	costs	cost	NOUN
cblr-12481	435	19	of	of	ADP
cblr-12481	435	20	diverging	diverge	VERB
cblr-12481	435	21	interests	interest	NOUN
cblr-12481	435	22	between	between	ADP
cblr-12481	435	23	principals	principal	NOUN
cblr-12481	435	24	(	(	PUNCT
cblr-12481	435	25	shareholders	shareholder	NOUN
cblr-12481	435	26	)	)	PUNCT
cblr-12481	435	27	and	and	CCONJ
cblr-12481	435	28	agents	agent	NOUN
cblr-12481	435	29	(	(	PUNCT
cblr-12481	435	30	managers).73	managers).73	X
cblr-12481	435	31	modern	modern	ADJ
cblr-12481	435	32	corporate	corporate	ADJ
cblr-12481	435	33	72	72	NUM
cblr-12481	435	34	elizabeth	elizabeth	PROPN
cblr-12481	435	35	warren	warren	PROPN
cblr-12481	435	36	,	,	PUNCT
cblr-12481	435	37	accountable	accountable	ADJ
cblr-12481	435	38	capitalism	capitalism	NOUN
cblr-12481	435	39	act	act	NOUN
cblr-12481	435	40	,	,	PUNCT
cblr-12481	435	41	https://www.warren.senate.gov/imo/media/doc/accountable%20capitalism%20act%20onepager.pdf	https://www.warren.senate.gov/imo/media/doc/accountable%20capitalism%20act%20onepager.pdf	PROPN
cblr-12481	436	1	[	[	X
cblr-12481	436	2	https://perma.cc/6jtn-xfse	https://perma.cc/6jtn-xfse	X
cblr-12481	436	3	]	]	X
cblr-12481	436	4	(	(	PUNCT
cblr-12481	436	5	last	last	ADV
cblr-12481	436	6	visited	visit	VERB
cblr-12481	436	7	dec	dec	PROPN
cblr-12481	436	8	.	.	PROPN
cblr-12481	436	9	12	12	NUM
cblr-12481	436	10	,	,	PUNCT
cblr-12481	436	11	2023	2023	NUM
cblr-12481	436	12	)	)	PUNCT
cblr-12481	436	13	.	.	PUNCT
cblr-12481	437	1	73	73	NUM
cblr-12481	438	1	this	this	DET
cblr-12481	438	2	defining	define	VERB
cblr-12481	438	3	feature	feature	NOUN
cblr-12481	438	4	of	of	ADP
cblr-12481	438	5	the	the	DET
cblr-12481	438	6	modern	modern	ADJ
cblr-12481	438	7	corporation	corporation	NOUN
cblr-12481	438	8	generates	generate	VERB
cblr-12481	438	9	three	three	NUM
cblr-12481	438	10	main	main	ADJ
cblr-12481	438	11	types	type	NOUN
cblr-12481	438	12	of	of	ADP
cblr-12481	438	13	agency	agency	NOUN
cblr-12481	438	14	problems	problem	NOUN
cblr-12481	438	15	:	:	PUNCT
cblr-12481	438	16	1	1	X
cblr-12481	438	17	)	)	PUNCT
cblr-12481	438	18	conflicts	conflict	NOUN
cblr-12481	438	19	between	between	ADP
cblr-12481	438	20	shareholders	shareholder	NOUN
cblr-12481	438	21	and	and	CCONJ
cblr-12481	438	22	managers	manager	NOUN
cblr-12481	438	23	,	,	PUNCT
cblr-12481	438	24	2	2	X
cblr-12481	438	25	)	)	PUNCT
cblr-12481	438	26	conflicts	conflict	NOUN
cblr-12481	438	27	between	between	ADP
cblr-12481	438	28	majority	majority	NOUN
cblr-12481	438	29	or	or	CCONJ
cblr-12481	438	30	controlling	control	VERB
cblr-12481	438	31	stakes	stake	NOUN
cblr-12481	438	32	and	and	CCONJ
cblr-12481	438	33	minority	minority	NOUN
cblr-12481	438	34	or	or	CCONJ
cblr-12481	438	35	non	non	ADJ
cblr-12481	438	36	-	-	ADJ
cblr-12481	438	37	controlling	controlling	ADJ
cblr-12481	438	38	stakes	stake	NOUN
cblr-12481	438	39	,	,	PUNCT
cblr-12481	438	40	and	and	CCONJ
cblr-12481	438	41	3	3	X
cblr-12481	438	42	)	)	PUNCT
cblr-12481	438	43	conflicts	conflict	NOUN
cblr-12481	438	44	between	between	ADP
cblr-12481	438	45	a	a	DET
cblr-12481	438	46	corporation	corporation	NOUN
cblr-12481	438	47	and	and	CCONJ
cblr-12481	438	48	other	other	ADJ
cblr-12481	438	49	parties	party	NOUN
cblr-12481	438	50	that	that	PRON
cblr-12481	438	51	it	it	PRON
cblr-12481	438	52	contracts	contract	VERB
cblr-12481	438	53	with	with	ADP
cblr-12481	438	54	including	include	VERB
cblr-12481	438	55	creditors	creditor	NOUN
cblr-12481	438	56	,	,	PUNCT
cblr-12481	438	57	employees	employee	NOUN
cblr-12481	438	58	,	,	PUNCT
cblr-12481	438	59	and	and	CCONJ
cblr-12481	438	60	customers	customer	NOUN
cblr-12481	438	61	.	.	PUNCT
cblr-12481	439	1	see	see	VERB
cblr-12481	439	2	john	john	PROPN
cblr-12481	439	3	armour	armour	PROPN
cblr-12481	439	4	,	,	PUNCT
cblr-12481	439	5	henry	henry	PROPN
cblr-12481	439	6	hansmann	hansmann	PROPN
cblr-12481	439	7	&	&	CCONJ
cblr-12481	439	8	reinier	reinier	PROPN
cblr-12481	439	9	kraakman	kraakman	PROPN
cblr-12481	439	10	,	,	PUNCT
cblr-12481	439	11	agency	agency	NOUN
cblr-12481	439	12	problems	problem	NOUN
cblr-12481	439	13	and	and	CCONJ
cblr-12481	439	14	legal	legal	ADJ
cblr-12481	439	15	strategies	strategy	NOUN
cblr-12481	439	16	,	,	PUNCT
cblr-12481	439	17	in	in	ADP
cblr-12481	439	18	the	the	DET
cblr-12481	439	19	anatomy	anatomy	NOUN
cblr-12481	439	20	of	of	ADP
cblr-12481	439	21	corporate	corporate	ADJ
cblr-12481	439	22	law	law	NOUN
cblr-12481	439	23	:	:	PUNCT
cblr-12481	439	24	a	a	DET
cblr-12481	439	25	comparative	comparative	ADJ
cblr-12481	439	26	and	and	CCONJ
cblr-12481	439	27	functional	functional	ADJ
cblr-12481	439	28	approach	approach	NOUN
cblr-12481	439	29	35	35	NUM
cblr-12481	439	30	,	,	PUNCT
cblr-12481	439	31	36	36	NUM
cblr-12481	439	32	(	(	PUNCT
cblr-12481	439	33	2d	2d	NUM
cblr-12481	439	34	ed	ed	NOUN
cblr-12481	439	35	.	.	PUNCT
cblr-12481	439	36	2009	2009	NUM
cblr-12481	439	37	)	)	PUNCT
cblr-12481	439	38	.	.	PUNCT
cblr-12481	440	1	armour	armour	NOUN
cblr-12481	440	2	et	et	PROPN
cblr-12481	440	3	al	al	PROPN
cblr-12481	440	4	.	.	PROPN
cblr-12481	440	5	identify	identify	VERB
cblr-12481	440	6	key	key	ADJ
cblr-12481	440	7	legal	legal	ADJ
cblr-12481	440	8	strategies	strategy	NOUN
cblr-12481	440	9	for	for	ADP
cblr-12481	440	10	mitigating	mitigate	VERB
cblr-12481	440	11	agency	agency	NOUN
cblr-12481	440	12	costs	cost	NOUN
cblr-12481	440	13	of	of	ADP
cblr-12481	440	14	the	the	DET
cblr-12481	440	15	corporate	corporate	ADJ
cblr-12481	440	16	form	form	NOUN
cblr-12481	440	17	.	.	PUNCT
cblr-12481	441	1	they	they	PRON
cblr-12481	441	2	group	group	VERB
cblr-12481	441	3	these	these	PRON
cblr-12481	441	4	into	into	ADP
cblr-12481	441	5	regulatory	regulatory	ADJ
cblr-12481	441	6	strategies	strategy	NOUN
cblr-12481	441	7	that	that	PRON
cblr-12481	441	8	directly	directly	ADV
cblr-12481	441	9	constrain	constrain	VERB
cblr-12481	441	10	an	an	DET
cblr-12481	441	11	agent	agent	NOUN
cblr-12481	441	12	’s	’s	PART
cblr-12481	441	13	behavior	behavior	NOUN
cblr-12481	441	14	,	,	PUNCT
cblr-12481	441	15	and	and	CCONJ
cblr-12481	441	16	governance	governance	NOUN
cblr-12481	441	17	strategies	strategy	NOUN
cblr-12481	441	18	that	that	PRON
cblr-12481	441	19	facilitate	facilitate	VERB
cblr-12481	441	20	principal	principal	NOUN
cblr-12481	441	21	’s	’s	PART
cblr-12481	441	22	control	control	NOUN
cblr-12481	441	23	over	over	ADP
cblr-12481	441	24	agent	agent	NOUN
cblr-12481	441	25	’s	’s	PART
cblr-12481	441	26	behavior	behavior	NOUN
cblr-12481	441	27	.	.	PUNCT
cblr-12481	442	1	regulatory	regulatory	ADJ
cblr-12481	442	2	strategies	strategy	NOUN
cblr-12481	442	3	constrain	constrain	VERB
cblr-12481	442	4	agents	agent	NOUN
cblr-12481	442	5	by	by	ADP
cblr-12481	442	6	prohibiting	prohibit	VERB
cblr-12481	442	7	decisions	decision	NOUN
cblr-12481	442	8	and	and	CCONJ
cblr-12481	442	9	transactions	transaction	NOUN
cblr-12481	442	10	that	that	PRON
cblr-12481	442	11	harm	harm	NOUN
cblr-12481	442	12	principals	principal	NOUN
cblr-12481	442	13	’	’	PART
cblr-12481	442	14	interests	interest	NOUN
cblr-12481	442	15	through	through	ADP
cblr-12481	442	16	rule	rule	NOUN
cblr-12481	442	17	-	-	PUNCT
cblr-12481	442	18	based	base	VERB
cblr-12481	442	19	regulation	regulation	NOUN
cblr-12481	442	20	governing	govern	VERB
cblr-12481	442	21	proxy	proxy	NOUN
cblr-12481	442	22	voting	voting	NOUN
cblr-12481	442	23	and	and	CCONJ
cblr-12481	442	24	annual	annual	ADJ
cblr-12481	442	25	disclosure	disclosure	NOUN
cblr-12481	442	26	for	for	ADP
cblr-12481	442	27	example	example	NOUN
cblr-12481	442	28	,	,	PUNCT
cblr-12481	442	29	and	and	CCONJ
cblr-12481	442	30	through	through	ADP
cblr-12481	442	31	standards	standard	NOUN
cblr-12481	442	32	such	such	ADJ
cblr-12481	442	33	as	as	ADP
cblr-12481	442	34	requiring	require	VERB
cblr-12481	442	35	directors	director	NOUN
cblr-12481	442	36	to	to	PART
cblr-12481	442	37	act	act	VERB
cblr-12481	442	38	“	"	PUNCT
cblr-12481	442	39	in	in	ADP
cblr-12481	442	40	good	good	ADJ
cblr-12481	442	41	faith	faith	NOUN
cblr-12481	442	42	”	"	PUNCT
cblr-12481	442	43	or	or	CCONJ
cblr-12481	442	44	for	for	ADP
cblr-12481	442	45	self	self	NOUN
cblr-12481	442	46	-	-	PUNCT
cblr-12481	442	47	dealing	deal	VERB
cblr-12481	442	48	transactions	transaction	NOUN
cblr-12481	442	49	to	to	PART
cblr-12481	442	50	be	be	AUX
cblr-12481	442	51	“	"	PUNCT
cblr-12481	442	52	entirely	entirely	ADV
cblr-12481	442	53	fair	fair	ADJ
cblr-12481	442	54	.	.	PUNCT
cblr-12481	442	55	”	"	PUNCT
cblr-12481	443	1	i	i	PRON
cblr-12481	443	2	d.	d.	PROPN
cblr-12481	443	3	at	at	ADP
cblr-12481	443	4	40	40	NUM
cblr-12481	443	5	.	.	PUNCT
cblr-12481	444	1	no	no	INTJ
cblr-12481	444	2	.	.	NOUN
cblr-12481	445	1	2	2	NUM
cblr-12481	445	2	]	]	X
cblr-12481	445	3	corporate	corporate	ADJ
cblr-12481	445	4	technocracy	technocracy	NOUN
cblr-12481	445	5	853	853	NUM
cblr-12481	445	6	governance	governance	NOUN
cblr-12481	445	7	aims	aim	VERB
cblr-12481	445	8	to	to	PART
cblr-12481	445	9	reduce	reduce	VERB
cblr-12481	445	10	agency	agency	NOUN
cblr-12481	445	11	costs	cost	NOUN
cblr-12481	445	12	between	between	ADP
cblr-12481	445	13	shareholder	shareholder	NOUN
cblr-12481	445	14	principals	principal	NOUN
cblr-12481	445	15	and	and	CCONJ
cblr-12481	445	16	managerial	managerial	ADJ
cblr-12481	445	17	agents	agent	NOUN
cblr-12481	445	18	.	.	PUNCT
cblr-12481	446	1	governance	governance	NOUN
cblr-12481	446	2	strategies	strategy	NOUN
cblr-12481	446	3	include	include	VERB
cblr-12481	446	4	legal	legal	ADJ
cblr-12481	446	5	and	and	CCONJ
cblr-12481	446	6	market	market	NOUN
cblr-12481	446	7	mechanisms.74	mechanisms.74	NOUN
cblr-12481	446	8	they	they	PRON
cblr-12481	446	9	rely	rely	VERB
cblr-12481	446	10	on	on	ADP
cblr-12481	446	11	principals	principal	NOUN
cblr-12481	446	12	generating	generate	VERB
cblr-12481	446	13	compliance	compliance	NOUN
cblr-12481	446	14	from	from	ADP
cblr-12481	446	15	agents	agent	NOUN
cblr-12481	446	16	through	through	ADP
cblr-12481	446	17	selection	selection	NOUN
cblr-12481	446	18	,	,	PUNCT
cblr-12481	446	19	threat	threat	NOUN
cblr-12481	446	20	of	of	ADP
cblr-12481	446	21	removal	removal	NOUN
cblr-12481	446	22	,	,	PUNCT
cblr-12481	446	23	or	or	CCONJ
cblr-12481	446	24	direct	direct	ADJ
cblr-12481	446	25	decision	decision	NOUN
cblr-12481	446	26	-	-	PUNCT
cblr-12481	446	27	making	making	NOUN
cblr-12481	446	28	on	on	ADP
cblr-12481	446	29	key	key	ADJ
cblr-12481	446	30	issues	issue	NOUN
cblr-12481	446	31	,	,	PUNCT
cblr-12481	446	32	for	for	ADP
cblr-12481	446	33	example.75	example.75	PROPN
cblr-12481	446	34	esg	esg	PROPN
cblr-12481	446	35	advocates	advocate	NOUN
cblr-12481	446	36	advance	advance	VERB
cblr-12481	446	37	two	two	NUM
cblr-12481	446	38	main	main	ADJ
cblr-12481	446	39	corporate	corporate	ADJ
cblr-12481	446	40	governance	governance	NOUN
cblr-12481	446	41	reform	reform	NOUN
cblr-12481	446	42	agendas	agenda	NOUN
cblr-12481	446	43	:	:	PUNCT
cblr-12481	446	44	one	one	NUM
cblr-12481	446	45	advancing	advance	VERB
cblr-12481	446	46	shareholder	shareholder	NOUN
cblr-12481	446	47	primacy	primacy	NOUN
cblr-12481	446	48	,	,	PUNCT
cblr-12481	446	49	and	and	CCONJ
cblr-12481	446	50	a	a	DET
cblr-12481	446	51	second	second	ADJ
cblr-12481	446	52	advancing	advance	VERB
cblr-12481	446	53	managerialism	managerialism	NOUN
cblr-12481	446	54	.	.	PUNCT
cblr-12481	447	1	in	in	ADP
cblr-12481	447	2	large	large	ADJ
cblr-12481	447	3	part	part	NOUN
cblr-12481	447	4	,	,	PUNCT
cblr-12481	447	5	they	they	PRON
cblr-12481	447	6	fail	fail	VERB
cblr-12481	447	7	to	to	PART
cblr-12481	447	8	account	account	VERB
cblr-12481	447	9	for	for	ADP
cblr-12481	447	10	the	the	DET
cblr-12481	447	11	structural	structural	ADJ
cblr-12481	447	12	agency	agency	NOUN
cblr-12481	447	13	implications	implication	NOUN
cblr-12481	447	14	engendered	engender	VERB
cblr-12481	447	15	by	by	ADP
cblr-12481	447	16	their	their	PRON
cblr-12481	447	17	proposed	propose	VERB
cblr-12481	447	18	esg	esg	NOUN
cblr-12481	447	19	paradigm	paradigm	NOUN
cblr-12481	447	20	and	and	CCONJ
cblr-12481	447	21	to	to	PART
cblr-12481	447	22	provide	provide	VERB
cblr-12481	447	23	a	a	DET
cblr-12481	447	24	coherent	coherent	ADJ
cblr-12481	447	25	framework	framework	NOUN
cblr-12481	447	26	for	for	ADP
cblr-12481	447	27	who	who	PRON
cblr-12481	447	28	should	should	AUX
cblr-12481	447	29	control	control	VERB
cblr-12481	447	30	esg	esg	PROPN
cblr-12481	447	31	and	and	CCONJ
cblr-12481	447	32	how	how	SCONJ
cblr-12481	447	33	.	.	PUNCT
cblr-12481	448	1	in	in	ADP
cblr-12481	448	2	this	this	DET
cblr-12481	448	3	section	section	NOUN
cblr-12481	448	4	,	,	PUNCT
cblr-12481	448	5	i	i	PRON
cblr-12481	448	6	extend	extend	VERB
cblr-12481	448	7	analysis	analysis	NOUN
cblr-12481	448	8	of	of	ADP
cblr-12481	448	9	the	the	DET
cblr-12481	448	10	principal	principal	ADJ
cblr-12481	448	11	-	-	PUNCT
cblr-12481	448	12	agent	agent	NOUN
cblr-12481	448	13	relationship	relationship	NOUN
cblr-12481	448	14	that	that	PRON
cblr-12481	448	15	runs	run	VERB
cblr-12481	448	16	through	through	ADP
cblr-12481	448	17	all	all	DET
cblr-12481	448	18	major	major	ADJ
cblr-12481	448	19	corporate	corporate	ADJ
cblr-12481	448	20	governance	governance	NOUN
cblr-12481	448	21	questions	question	NOUN
cblr-12481	448	22	and	and	CCONJ
cblr-12481	448	23	apply	apply	VERB
cblr-12481	448	24	it	it	PRON
cblr-12481	448	25	to	to	ADP
cblr-12481	448	26	esg	esg	PROPN
cblr-12481	448	27	.	.	PUNCT
cblr-12481	449	1	by	by	ADP
cblr-12481	449	2	identifying	identify	VERB
cblr-12481	449	3	and	and	CCONJ
cblr-12481	449	4	addressing	address	VERB
cblr-12481	449	5	the	the	DET
cblr-12481	449	6	agency	agency	NOUN
cblr-12481	449	7	costs	cost	NOUN
cblr-12481	449	8	of	of	ADP
cblr-12481	449	9	esg	esg	NOUN
cblr-12481	449	10	,	,	PUNCT
cblr-12481	449	11	proponents	proponent	NOUN
cblr-12481	449	12	might	might	AUX
cblr-12481	449	13	advance	advance	VERB
cblr-12481	449	14	governance	governance	NOUN
cblr-12481	449	15	reforms	reform	NOUN
cblr-12481	449	16	that	that	PRON
cblr-12481	449	17	deliver	deliver	VERB
cblr-12481	449	18	on	on	ADP
cblr-12481	449	19	these	these	DET
cblr-12481	449	20	objectives	objective	NOUN
cblr-12481	449	21	,	,	PUNCT
cblr-12481	449	22	that	that	PRON
cblr-12481	449	23	limit	limit	VERB
cblr-12481	449	24	unchecked	unchecked	ADJ
cblr-12481	449	25	discretion	discretion	NOUN
cblr-12481	449	26	by	by	ADP
cblr-12481	449	27	managers	manager	NOUN
cblr-12481	449	28	,	,	PUNCT
cblr-12481	449	29	and	and	CCONJ
cblr-12481	449	30	that	that	PRON
cblr-12481	449	31	establish	establish	VERB
cblr-12481	449	32	checks	check	NOUN
cblr-12481	449	33	for	for	ADP
cblr-12481	449	34	shareholder	shareholder	NOUN
cblr-12481	449	35	activism	activism	NOUN
cblr-12481	449	36	to	to	PART
cblr-12481	449	37	protect	protect	VERB
cblr-12481	449	38	minority	minority	NOUN
cblr-12481	449	39	shareholder	shareholder	NOUN
cblr-12481	449	40	interests	interest	NOUN
cblr-12481	449	41	.	.	PUNCT
cblr-12481	450	1	i	i	PRON
cblr-12481	450	2	argue	argue	VERB
cblr-12481	450	3	that	that	SCONJ
cblr-12481	450	4	esg	esg	PROPN
cblr-12481	450	5	governance	governance	NOUN
cblr-12481	450	6	is	be	AUX
cblr-12481	450	7	not	not	PART
cblr-12481	450	8	as	as	ADV
cblr-12481	450	9	simple	simple	ADJ
cblr-12481	450	10	as	as	ADP
cblr-12481	450	11	assigning	assign	VERB
cblr-12481	450	12	control	control	NOUN
cblr-12481	450	13	rights	right	NOUN
cblr-12481	450	14	to	to	ADP
cblr-12481	450	15	shareholders	shareholder	NOUN
cblr-12481	450	16	or	or	CCONJ
cblr-12481	450	17	to	to	ADP
cblr-12481	450	18	managers	manager	NOUN
cblr-12481	450	19	.	.	PUNCT
cblr-12481	451	1	rather	rather	ADV
cblr-12481	451	2	,	,	PUNCT
cblr-12481	451	3	it	it	PRON
cblr-12481	451	4	requires	require	VERB
cblr-12481	451	5	identifying	identify	VERB
cblr-12481	451	6	the	the	DET
cblr-12481	451	7	nature	nature	NOUN
cblr-12481	451	8	of	of	ADP
cblr-12481	451	9	an	an	DET
cblr-12481	451	10	esg	esg	NOUN
cblr-12481	451	11	objective	objective	NOUN
cblr-12481	451	12	,	,	PUNCT
cblr-12481	451	13	the	the	DET
cblr-12481	451	14	new	new	ADJ
cblr-12481	451	15	governance	governance	NOUN
cblr-12481	451	16	dynamics	dynamic	NOUN
cblr-12481	451	17	it	it	PRON
cblr-12481	451	18	engenders	engender	VERB
cblr-12481	451	19	,	,	PUNCT
cblr-12481	451	20	the	the	DET
cblr-12481	451	21	agency	agency	NOUN
cblr-12481	451	22	costs	cost	VERB
cblr-12481	451	23	it	it	PRON
cblr-12481	451	24	creates	create	VERB
cblr-12481	451	25	and	and	CCONJ
cblr-12481	451	26	exacerbates	exacerbate	VERB
cblr-12481	451	27	,	,	PUNCT
cblr-12481	451	28	and	and	CCONJ
cblr-12481	451	29	devising	devise	VERB
cblr-12481	451	30	mechanisms	mechanism	NOUN
cblr-12481	451	31	to	to	PART
cblr-12481	451	32	account	account	VERB
cblr-12481	451	33	for	for	ADP
cblr-12481	451	34	them	they	PRON
cblr-12481	451	35	.	.	PUNCT
cblr-12481	452	1	a.	a.	PROPN
cblr-12481	452	2	esg	esg	PROPN
cblr-12481	452	3	’s	’s	PART
cblr-12481	452	4	principal	principal	ADJ
cblr-12481	452	5	-	-	PUNCT
cblr-12481	452	6	agent	agent	NOUN
cblr-12481	452	7	challenges	challenge	NOUN
cblr-12481	452	8	because	because	SCONJ
cblr-12481	452	9	the	the	DET
cblr-12481	452	10	current	current	ADJ
cblr-12481	452	11	structure	structure	NOUN
cblr-12481	452	12	of	of	ADP
cblr-12481	452	13	corporate	corporate	ADJ
cblr-12481	452	14	governance	governance	NOUN
cblr-12481	452	15	is	be	AUX
cblr-12481	452	16	premised	premise	VERB
cblr-12481	452	17	on	on	ADP
cblr-12481	452	18	corporate	corporate	ADJ
cblr-12481	452	19	purpose	purpose	NOUN
cblr-12481	452	20	as	as	ADP
cblr-12481	452	21	shareholder	shareholder	NOUN
cblr-12481	452	22	primacy	primacy	NOUN
cblr-12481	452	23	,	,	PUNCT
cblr-12481	452	24	traditionally	traditionally	ADV
cblr-12481	452	25	interpreted	interpret	VERB
cblr-12481	452	26	to	to	PART
cblr-12481	452	27	mean	mean	VERB
cblr-12481	452	28	shareholder	shareholder	NOUN
cblr-12481	452	29	wealth	wealth	NOUN
cblr-12481	452	30	maximization	maximization	PROPN
cblr-12481	452	31	,	,	PUNCT
cblr-12481	452	32	deviations	deviation	NOUN
cblr-12481	452	33	from	from	ADP
cblr-12481	452	34	this	this	DET
cblr-12481	452	35	norm	norm	NOUN
cblr-12481	452	36	and	and	CCONJ
cblr-12481	452	37	an	an	DET
cblr-12481	452	38	embrace	embrace	NOUN
cblr-12481	452	39	of	of	ADP
cblr-12481	452	40	prosocial	prosocial	ADJ
cblr-12481	452	41	corporate	corporate	ADJ
cblr-12481	452	42	purpose	purpose	NOUN
cblr-12481	452	43	introduces	introduce	VERB
cblr-12481	452	44	new	new	ADJ
cblr-12481	452	45	agency	agency	NOUN
cblr-12481	452	46	costs	cost	NOUN
cblr-12481	452	47	.	.	PUNCT
cblr-12481	453	1	in	in	ADP
cblr-12481	453	2	this	this	DET
cblr-12481	453	3	section	section	NOUN
cblr-12481	453	4	,	,	PUNCT
cblr-12481	453	5	i	i	PRON
cblr-12481	453	6	begin	begin	VERB
cblr-12481	453	7	by	by	ADP
cblr-12481	453	8	identifying	identify	VERB
cblr-12481	453	9	the	the	DET
cblr-12481	453	10	basic	basic	ADJ
cblr-12481	453	11	premises	premise	NOUN
cblr-12481	453	12	of	of	ADP
cblr-12481	453	13	modern	modern	ADJ
cblr-12481	453	14	74	74	NUM
cblr-12481	453	15	michael	michael	PROPN
cblr-12481	453	16	c.	c.	PROPN
cblr-12481	453	17	jensen	jensen	PROPN
cblr-12481	453	18	&	&	CCONJ
cblr-12481	453	19	richard	richard	PROPN
cblr-12481	453	20	s.	s.	PROPN
cblr-12481	453	21	ruback	ruback	PROPN
cblr-12481	453	22	,	,	PUNCT
cblr-12481	453	23	the	the	DET
cblr-12481	453	24	market	market	NOUN
cblr-12481	453	25	for	for	ADP
cblr-12481	453	26	corporate	corporate	ADJ
cblr-12481	453	27	control	control	NOUN
cblr-12481	453	28	:	:	PUNCT
cblr-12481	453	29	the	the	DET
cblr-12481	453	30	scientific	scientific	ADJ
cblr-12481	453	31	evidence	evidence	NOUN
cblr-12481	453	32	,	,	PUNCT
cblr-12481	453	33	11	11	NUM
cblr-12481	453	34	j.	j.	PROPN
cblr-12481	453	35	fin	fin	PROPN
cblr-12481	453	36	.	.	PUNCT
cblr-12481	453	37	econ	econ	PROPN
cblr-12481	453	38	.	.	PUNCT
cblr-12481	454	1	5	5	NUM
cblr-12481	454	2	,	,	PUNCT
cblr-12481	454	3	6	6	NUM
cblr-12481	454	4	,	,	PUNCT
cblr-12481	454	5	40	40	NUM
cblr-12481	454	6	(	(	PUNCT
cblr-12481	454	7	1983	1983	NUM
cblr-12481	454	8	)	)	PUNCT
cblr-12481	454	9	.	.	PUNCT
cblr-12481	455	1	75	75	NUM
cblr-12481	456	1	i	i	PRON
cblr-12481	456	2	d.	d.	NOUN
cblr-12481	456	3	at	at	ADP
cblr-12481	456	4	43–44	43–44	NUM
cblr-12481	456	5	(	(	PUNCT
cblr-12481	456	6	describing	describe	VERB
cblr-12481	456	7	strategies	strategy	NOUN
cblr-12481	456	8	devised	devise	VERB
cblr-12481	456	9	to	to	PART
cblr-12481	456	10	limit	limit	VERB
cblr-12481	456	11	agency	agency	NOUN
cblr-12481	456	12	and	and	CCONJ
cblr-12481	456	13	coordination	coordination	NOUN
cblr-12481	456	14	problems	problem	NOUN
cblr-12481	456	15	)	)	PUNCT
cblr-12481	456	16	.	.	PUNCT
cblr-12481	457	1	these	these	DET
cblr-12481	457	2	measures	measure	NOUN
cblr-12481	457	3	depend	depend	VERB
cblr-12481	457	4	on	on	ADP
cblr-12481	457	5	effective	effective	ADJ
cblr-12481	457	6	coordination	coordination	NOUN
cblr-12481	457	7	among	among	ADP
cblr-12481	457	8	principals	principal	NOUN
cblr-12481	457	9	.	.	PUNCT
cblr-12481	458	1	854	854	NUM
cblr-12481	458	2	columbia	columbia	PROPN
cblr-12481	458	3	business	business	NOUN
cblr-12481	458	4	law	law	PROPN
cblr-12481	458	5	review	review	NOUN
cblr-12481	458	6	[	[	X
cblr-12481	458	7	vol	vol	NOUN
cblr-12481	458	8	.	.	PUNCT
cblr-12481	458	9	2023	2023	NUM
cblr-12481	458	10	corporate	corporate	ADJ
cblr-12481	458	11	governance	governance	NOUN
cblr-12481	458	12	and	and	CCONJ
cblr-12481	458	13	then	then	ADV
cblr-12481	458	14	go	go	VERB
cblr-12481	458	15	on	on	ADP
cblr-12481	458	16	to	to	PART
cblr-12481	458	17	demonstrate	demonstrate	VERB
cblr-12481	458	18	how	how	SCONJ
cblr-12481	458	19	esg	esg	PROPN
cblr-12481	458	20	problematizes	problematize	VERB
cblr-12481	458	21	these	these	DET
cblr-12481	458	22	terms	term	NOUN
cblr-12481	458	23	and	and	CCONJ
cblr-12481	458	24	introduces	introduce	VERB
cblr-12481	458	25	new	new	ADJ
cblr-12481	458	26	agency	agency	NOUN
cblr-12481	458	27	costs	cost	NOUN
cblr-12481	458	28	.	.	PUNCT
cblr-12481	459	1	from	from	ADP
cblr-12481	459	2	an	an	DET
cblr-12481	459	3	agency	agency	NOUN
cblr-12481	459	4	perspective	perspective	NOUN
cblr-12481	459	5	,	,	PUNCT
cblr-12481	459	6	a	a	DET
cblr-12481	459	7	traditional	traditional	ADJ
cblr-12481	459	8	corporate	corporate	ADJ
cblr-12481	459	9	governance	governance	NOUN
cblr-12481	459	10	arrangement	arrangement	NOUN
cblr-12481	459	11	is	be	AUX
cblr-12481	459	12	premised	premise	VERB
cblr-12481	459	13	on	on	ADP
cblr-12481	459	14	four	four	NUM
cblr-12481	459	15	key	key	ADJ
cblr-12481	459	16	claims	claim	NOUN
cblr-12481	459	17	.	.	PUNCT
cblr-12481	460	1	claim	claim	NOUN
cblr-12481	460	2	1	1	NUM
cblr-12481	460	3	:	:	PUNCT
cblr-12481	460	4	shareholders	shareholder	NOUN
cblr-12481	460	5	are	be	AUX
cblr-12481	460	6	the	the	DET
cblr-12481	460	7	corporation	corporation	NOUN
cblr-12481	460	8	’s	’s	PART
cblr-12481	460	9	principals	principal	NOUN
cblr-12481	460	10	.	.	PUNCT
cblr-12481	461	1	claim	claim	NOUN
cblr-12481	461	2	2	2	NUM
cblr-12481	461	3	:	:	PUNCT
cblr-12481	461	4	corporate	corporate	ADJ
cblr-12481	461	5	principals	principal	NOUN
cblr-12481	461	6	have	have	VERB
cblr-12481	461	7	a	a	DET
cblr-12481	461	8	shared	share	VERB
cblr-12481	461	9	preference	preference	NOUN
cblr-12481	461	10	of	of	ADP
cblr-12481	461	11	maximizing	maximize	VERB
cblr-12481	461	12	share	share	NOUN
cblr-12481	461	13	value	value	NOUN
cblr-12481	461	14	.	.	PUNCT
cblr-12481	462	1	claim	claim	NOUN
cblr-12481	462	2	3	3	NUM
cblr-12481	462	3	:	:	PUNCT
cblr-12481	462	4	managers	manager	NOUN
cblr-12481	462	5	are	be	AUX
cblr-12481	462	6	agents	agent	NOUN
cblr-12481	462	7	of	of	ADP
cblr-12481	462	8	corporate	corporate	ADJ
cblr-12481	462	9	principals	principal	NOUN
cblr-12481	462	10	.	.	PUNCT
cblr-12481	463	1	claim	claim	VERB
cblr-12481	463	2	4	4	NUM
cblr-12481	463	3	:	:	PUNCT
cblr-12481	463	4	corporate	corporate	ADJ
cblr-12481	463	5	governance	governance	NOUN
cblr-12481	463	6	serves	serve	VERB
cblr-12481	463	7	corporate	corporate	ADJ
cblr-12481	463	8	purpose	purpose	NOUN
cblr-12481	463	9	by	by	ADP
cblr-12481	463	10	aligning	align	VERB
cblr-12481	463	11	principals	principal	NOUN
cblr-12481	463	12	’	'	PUNCT
cblr-12481	463	13	preferences	preference	NOUN
cblr-12481	463	14	with	with	ADP
cblr-12481	463	15	agents	agent	NOUN
cblr-12481	463	16	’	'	PUNCT
cblr-12481	463	17	incentives	incentive	NOUN
cblr-12481	463	18	.	.	PUNCT
cblr-12481	464	1	a	a	DET
cblr-12481	464	2	governance	governance	NOUN
cblr-12481	464	3	arrangement	arrangement	NOUN
cblr-12481	464	4	animated	animate	VERB
cblr-12481	464	5	by	by	ADP
cblr-12481	464	6	the	the	DET
cblr-12481	464	7	purpose	purpose	NOUN
cblr-12481	464	8	of	of	ADP
cblr-12481	464	9	shareholder	shareholder	NOUN
cblr-12481	464	10	wealth	wealth	NOUN
cblr-12481	464	11	maximization	maximization	NOUN
cblr-12481	464	12	holds	hold	VERB
cblr-12481	464	13	the	the	DET
cblr-12481	464	14	first	first	ADJ
cblr-12481	464	15	three	three	NUM
cblr-12481	464	16	claims	claim	NOUN
cblr-12481	464	17	constant	constant	ADJ
cblr-12481	464	18	,	,	PUNCT
cblr-12481	464	19	while	while	SCONJ
cblr-12481	464	20	competing	compete	VERB
cblr-12481	464	21	ideologies	ideology	NOUN
cblr-12481	464	22	disagree	disagree	VERB
cblr-12481	464	23	about	about	ADP
cblr-12481	464	24	how	how	SCONJ
cblr-12481	464	25	to	to	PART
cblr-12481	464	26	best	well	ADV
cblr-12481	464	27	achieve	achieve	VERB
cblr-12481	464	28	the	the	DET
cblr-12481	464	29	fourth	fourth	ADJ
cblr-12481	464	30	claim	claim	NOUN
cblr-12481	464	31	.	.	PUNCT
cblr-12481	465	1	managerialists	managerialist	NOUN
cblr-12481	465	2	seek	seek	VERB
cblr-12481	465	3	increased	increase	VERB
cblr-12481	465	4	discretion	discretion	NOUN
cblr-12481	465	5	for	for	ADP
cblr-12481	465	6	directors	director	NOUN
cblr-12481	465	7	and	and	CCONJ
cblr-12481	465	8	managers	manager	NOUN
cblr-12481	465	9	,	,	PUNCT
cblr-12481	465	10	while	while	SCONJ
cblr-12481	465	11	shareholder	shareholder	NOUN
cblr-12481	465	12	primacists	primacist	NOUN
cblr-12481	465	13	seek	seek	VERB
cblr-12481	465	14	a	a	DET
cblr-12481	465	15	greater	great	ADJ
cblr-12481	465	16	governance	governance	NOUN
cblr-12481	465	17	role	role	NOUN
cblr-12481	465	18	for	for	ADP
cblr-12481	465	19	shareholders	shareholder	NOUN
cblr-12481	465	20	and	and	CCONJ
cblr-12481	465	21	stronger	strong	ADJ
cblr-12481	465	22	monitoring	monitoring	NOUN
cblr-12481	465	23	and	and	CCONJ
cblr-12481	465	24	disciplining	discipline	VERB
cblr-12481	465	25	mechanisms	mechanism	NOUN
cblr-12481	465	26	.	.	PUNCT
cblr-12481	466	1	replacing	replace	VERB
cblr-12481	466	2	shareholder	shareholder	NOUN
cblr-12481	466	3	wealth	wealth	NOUN
cblr-12481	466	4	maximization	maximization	NOUN
cblr-12481	466	5	with	with	ADP
cblr-12481	466	6	socially	socially	ADV
cblr-12481	466	7	oriented	orient	VERB
cblr-12481	466	8	corporate	corporate	ADJ
cblr-12481	466	9	purpose	purpose	NOUN
cblr-12481	466	10	complicates	complicate	VERB
cblr-12481	466	11	this	this	DET
cblr-12481	466	12	set	set	NOUN
cblr-12481	466	13	-	-	PUNCT
cblr-12481	466	14	up	up	NOUN
cblr-12481	466	15	.	.	PUNCT
cblr-12481	467	1	esg	esg	NOUN
cblr-12481	467	2	proposals	proposal	NOUN
cblr-12481	467	3	problematize	problematize	VERB
cblr-12481	467	4	claims	claim	NOUN
cblr-12481	467	5	about	about	ADP
cblr-12481	467	6	principals	principal	NOUN
cblr-12481	467	7	and	and	CCONJ
cblr-12481	467	8	their	their	PRON
cblr-12481	467	9	preferences	preference	NOUN
cblr-12481	467	10	,	,	PUNCT
cblr-12481	467	11	agents	agent	NOUN
cblr-12481	467	12	,	,	PUNCT
cblr-12481	467	13	and	and	CCONJ
cblr-12481	467	14	the	the	DET
cblr-12481	467	15	purpose	purpose	NOUN
cblr-12481	467	16	of	of	ADP
cblr-12481	467	17	corporate	corporate	ADJ
cblr-12481	467	18	governance	governance	NOUN
cblr-12481	467	19	.	.	PUNCT
cblr-12481	468	1	a	a	DET
cblr-12481	468	2	corresponding	correspond	VERB
cblr-12481	468	3	governance	governance	NOUN
cblr-12481	468	4	debate	debate	NOUN
cblr-12481	468	5	does	do	AUX
cblr-12481	468	6	not	not	PART
cblr-12481	468	7	merely	merely	ADV
cblr-12481	468	8	concern	concern	VERB
cblr-12481	468	9	how	how	SCONJ
cblr-12481	468	10	to	to	PART
cblr-12481	468	11	best	good	ADJ
cblr-12481	468	12	align	align	ADJ
cblr-12481	468	13	agents	agent	NOUN
cblr-12481	468	14	’	'	PUNCT
cblr-12481	468	15	incentives	incentive	NOUN
cblr-12481	468	16	with	with	ADP
cblr-12481	468	17	principals	principal	NOUN
cblr-12481	468	18	’	'	PUNCT
cblr-12481	468	19	preferences	preference	NOUN
cblr-12481	468	20	,	,	PUNCT
cblr-12481	468	21	but	but	CCONJ
cblr-12481	468	22	must	must	AUX
cblr-12481	468	23	first	first	ADV
cblr-12481	468	24	identify	identify	VERB
cblr-12481	468	25	the	the	DET
cblr-12481	468	26	new	new	ADJ
cblr-12481	468	27	principal	principal	ADJ
cblr-12481	468	28	-	-	PUNCT
cblr-12481	468	29	agent	agent	NOUN
cblr-12481	468	30	relationships	relationship	NOUN
cblr-12481	468	31	that	that	SCONJ
cblr-12481	468	32	esg	esg	PROPN
cblr-12481	468	33	generates	generate	VERB
cblr-12481	468	34	and	and	CCONJ
cblr-12481	468	35	define	define	VERB
cblr-12481	468	36	shareholders	shareholder	NOUN
cblr-12481	468	37	’	'	PUNCT
cblr-12481	468	38	and	and	CCONJ
cblr-12481	468	39	managers	manager	NOUN
cblr-12481	468	40	’	’	PART
cblr-12481	468	41	roles	role	NOUN
cblr-12481	468	42	accordingly	accordingly	ADV
cblr-12481	468	43	.	.	PUNCT
cblr-12481	469	1	1	1	X
cblr-12481	469	2	.	.	X
cblr-12481	469	3	principals	principal	NOUN
cblr-12481	469	4	in	in	ADP
cblr-12481	469	5	practice	practice	NOUN
cblr-12481	469	6	,	,	PUNCT
cblr-12481	469	7	esg	esg	PROPN
cblr-12481	469	8	is	be	AUX
cblr-12481	469	9	consistent	consistent	ADJ
cblr-12481	469	10	with	with	ADP
cblr-12481	469	11	the	the	DET
cblr-12481	469	12	claim	claim	NOUN
cblr-12481	469	13	that	that	SCONJ
cblr-12481	469	14	corporate	corporate	ADJ
cblr-12481	469	15	principals	principal	NOUN
cblr-12481	469	16	are	be	AUX
cblr-12481	469	17	shareholders	shareholder	NOUN
cblr-12481	469	18	.	.	PUNCT
cblr-12481	470	1	reforms	reform	NOUN
cblr-12481	470	2	attempt	attempt	VERB
cblr-12481	470	3	to	to	PART
cblr-12481	470	4	accommodate	accommodate	VERB
cblr-12481	470	5	their	their	PRON
cblr-12481	470	6	prosocial	prosocial	ADJ
cblr-12481	470	7	preferences	preference	NOUN
cblr-12481	470	8	within	within	ADP
cblr-12481	470	9	a	a	DET
cblr-12481	470	10	traditional	traditional	ADJ
cblr-12481	470	11	governance	governance	NOUN
cblr-12481	470	12	arrangement	arrangement	NOUN
cblr-12481	470	13	.	.	PUNCT
cblr-12481	471	1	however	however	ADV
cblr-12481	471	2	,	,	PUNCT
cblr-12481	471	3	proposed	propose	VERB
cblr-12481	471	4	esg	esg	PROPN
cblr-12481	471	5	governance	governance	NOUN
cblr-12481	471	6	paradigms	paradigm	NOUN
cblr-12481	471	7	in	in	ADP
cblr-12481	471	8	the	the	DET
cblr-12481	471	9	form	form	NOUN
cblr-12481	471	10	of	of	ADP
cblr-12481	471	11	managerial	managerial	ADJ
cblr-12481	471	12	stakeholderism	stakeholderism	NOUN
cblr-12481	471	13	or	or	CCONJ
cblr-12481	471	14	codetermination76	codetermination76	NOUN
cblr-12481	471	15	76	76	NUM
cblr-12481	471	16	matthew	matthew	PROPN
cblr-12481	471	17	bodie	bodie	PROPN
cblr-12481	471	18	argues	argue	VERB
cblr-12481	471	19	that	that	SCONJ
cblr-12481	471	20	employees	employee	NOUN
cblr-12481	471	21	“	"	PUNCT
cblr-12481	471	22	have	have	AUX
cblr-12481	471	23	invested	invest	VERB
cblr-12481	471	24	their	their	PRON
cblr-12481	471	25	labor	labor	NOUN
cblr-12481	471	26	,	,	PUNCT
cblr-12481	471	27	reputations	reputation	NOUN
cblr-12481	471	28	,	,	PUNCT
cblr-12481	471	29	and	and	CCONJ
cblr-12481	471	30	firm	firm	ADJ
cblr-12481	471	31	-	-	PUNCT
cblr-12481	471	32	specific	specific	ADJ
cblr-12481	471	33	individual	individual	ADJ
cblr-12481	471	34	capital	capital	NOUN
cblr-12481	471	35	in	in	ADP
cblr-12481	471	36	the	the	DET
cblr-12481	471	37	firm	firm	NOUN
cblr-12481	471	38	and	and	CCONJ
cblr-12481	471	39	can	can	AUX
cblr-12481	471	40	not	not	PART
cblr-12481	471	41	pull	pull	VERB
cblr-12481	471	42	no	no	NOUN
cblr-12481	471	43	.	.	NOUN
cblr-12481	471	44	2	2	NUM
cblr-12481	471	45	]	]	X
cblr-12481	471	46	corporate	corporate	ADJ
cblr-12481	471	47	technocracy	technocracy	NOUN
cblr-12481	471	48	855	855	NUM
cblr-12481	471	49	redefine	redefine	VERB
cblr-12481	471	50	a	a	DET
cblr-12481	471	51	corporation	corporation	NOUN
cblr-12481	471	52	’s	’s	PART
cblr-12481	471	53	principals	principal	NOUN
cblr-12481	471	54	to	to	PART
cblr-12481	471	55	include	include	VERB
cblr-12481	471	56	stakeholders.77	stakeholders.77	ADJ
cblr-12481	471	57	most	most	ADJ
cblr-12481	471	58	accounts	account	NOUN
cblr-12481	471	59	gesture	gesture	NOUN
cblr-12481	471	60	to	to	ADP
cblr-12481	471	61	stakeholders	stakeholder	NOUN
cblr-12481	471	62	who	who	PRON
cblr-12481	471	63	affect	affect	VERB
cblr-12481	471	64	and	and	CCONJ
cblr-12481	471	65	who	who	PRON
cblr-12481	471	66	are	be	AUX
cblr-12481	471	67	affected	affect	VERB
cblr-12481	471	68	by	by	ADP
cblr-12481	471	69	a	a	DET
cblr-12481	471	70	corporation	corporation	NOUN
cblr-12481	471	71	’s	’s	PART
cblr-12481	471	72	activities	activity	NOUN
cblr-12481	471	73	but	but	CCONJ
cblr-12481	471	74	fail	fail	VERB
cblr-12481	471	75	to	to	PART
cblr-12481	471	76	elaborate	elaborate	VERB
cblr-12481	471	77	a	a	DET
cblr-12481	471	78	limiting	limit	VERB
cblr-12481	471	79	principle	principle	NOUN
cblr-12481	471	80	.	.	PUNCT
cblr-12481	472	1	these	these	DET
cblr-12481	472	2	proposals	proposal	NOUN
cblr-12481	472	3	lack	lack	VERB
cblr-12481	472	4	a	a	DET
cblr-12481	472	5	framework	framework	NOUN
cblr-12481	472	6	for	for	ADP
cblr-12481	472	7	selecting	select	VERB
cblr-12481	472	8	relevant	relevant	ADJ
cblr-12481	472	9	stakeholders	stakeholder	NOUN
cblr-12481	472	10	or	or	CCONJ
cblr-12481	472	11	for	for	ADP
cblr-12481	472	12	refereeing	referee	VERB
cblr-12481	472	13	among	among	ADP
cblr-12481	472	14	their	their	PRON
cblr-12481	472	15	competing	compete	VERB
cblr-12481	472	16	interests	interest	NOUN
cblr-12481	472	17	.	.	PUNCT
cblr-12481	473	1	this	this	DET
cblr-12481	473	2	standard	standard	NOUN
cblr-12481	473	3	is	be	AUX
cblr-12481	473	4	practically	practically	ADV
cblr-12481	473	5	unwieldy	unwieldy	ADJ
cblr-12481	473	6	:	:	PUNCT
cblr-12481	473	7	for	for	ADP
cblr-12481	473	8	a	a	DET
cblr-12481	473	9	major	major	ADJ
cblr-12481	473	10	greenhouse	greenhouse	NOUN
cblr-12481	473	11	gas	gas	NOUN
cblr-12481	473	12	emitter	emitter	NOUN
cblr-12481	473	13	like	like	ADP
cblr-12481	473	14	exxonmobil	exxonmobil	PROPN
cblr-12481	473	15	,	,	PUNCT
cblr-12481	473	16	for	for	ADP
cblr-12481	473	17	example	example	NOUN
cblr-12481	473	18	,	,	PUNCT
cblr-12481	473	19	the	the	DET
cblr-12481	473	20	entire	entire	ADJ
cblr-12481	473	21	global	global	ADJ
cblr-12481	473	22	population	population	NOUN
cblr-12481	473	23	is	be	AUX
cblr-12481	473	24	affected	affect	VERB
cblr-12481	473	25	by	by	ADP
cblr-12481	473	26	its	its	PRON
cblr-12481	473	27	contributions	contribution	NOUN
cblr-12481	473	28	to	to	ADP
cblr-12481	473	29	climate	climate	NOUN
cblr-12481	473	30	change	change	NOUN
cblr-12481	473	31	.	.	PUNCT
cblr-12481	474	1	2	2	X
cblr-12481	474	2	.	.	X
cblr-12481	474	3	principals	principal	NOUN
cblr-12481	474	4	’	'	PUNCT
cblr-12481	474	5	preferences	preference	NOUN
cblr-12481	474	6	multiple	multiple	ADJ
cblr-12481	474	7	corporate	corporate	ADJ
cblr-12481	474	8	principals	principal	NOUN
cblr-12481	474	9	with	with	ADP
cblr-12481	474	10	competing	compete	VERB
cblr-12481	474	11	interests	interest	NOUN
cblr-12481	474	12	present	present	ADJ
cblr-12481	474	13	coordination	coordination	NOUN
cblr-12481	474	14	costs	cost	NOUN
cblr-12481	474	15	to	to	ADP
cblr-12481	474	16	the	the	DET
cblr-12481	474	17	corporate	corporate	ADJ
cblr-12481	474	18	governance	governance	NOUN
cblr-12481	474	19	process	process	NOUN
cblr-12481	474	20	.	.	PUNCT
cblr-12481	475	1	traditional	traditional	ADJ
cblr-12481	475	2	corporate	corporate	ADJ
cblr-12481	475	3	governance	governance	NOUN
cblr-12481	475	4	theory	theory	NOUN
cblr-12481	475	5	overcomes	overcome	VERB
cblr-12481	475	6	this	this	DET
cblr-12481	475	7	challenge	challenge	NOUN
cblr-12481	475	8	by	by	ADP
cblr-12481	475	9	assuming	assume	VERB
cblr-12481	475	10	shareholder	shareholder	NOUN
cblr-12481	475	11	homogeneity.78	homogeneity.78	PROPN
cblr-12481	475	12	however	however	ADV
cblr-12481	475	13	,	,	PUNCT
cblr-12481	475	14	esg	esg	PROPN
cblr-12481	475	15	governance	governance	NOUN
cblr-12481	475	16	in	in	ADP
cblr-12481	475	17	the	the	DET
cblr-12481	475	18	form	form	NOUN
cblr-12481	475	19	of	of	ADP
cblr-12481	475	20	shareholder	shareholder	NOUN
cblr-12481	475	21	democracy	democracy	NOUN
cblr-12481	475	22	modifies	modify	VERB
cblr-12481	475	23	the	the	DET
cblr-12481	475	24	premise	premise	NOUN
cblr-12481	475	25	that	that	SCONJ
cblr-12481	475	26	shareholders	shareholder	NOUN
cblr-12481	475	27	uniformly	uniformly	ADV
cblr-12481	475	28	prefer	prefer	VERB
cblr-12481	475	29	wealth	wealth	NOUN
cblr-12481	475	30	maximization	maximization	NOUN
cblr-12481	475	31	and	and	CCONJ
cblr-12481	475	32	acknowledges	acknowledge	VERB
cblr-12481	475	33	competing	compete	VERB
cblr-12481	475	34	shareholder	shareholder	NOUN
cblr-12481	475	35	preferences	preference	NOUN
cblr-12481	475	36	.	.	PUNCT
cblr-12481	476	1	heterogeneity	heterogeneity	NOUN
cblr-12481	476	2	among	among	ADP
cblr-12481	476	3	shareholders	shareholder	NOUN
cblr-12481	476	4	requires	require	VERB
cblr-12481	476	5	a	a	DET
cblr-12481	476	6	mechanism	mechanism	NOUN
cblr-12481	476	7	for	for	ADP
cblr-12481	476	8	interpreting	interpret	VERB
cblr-12481	476	9	preferences.79	preferences.79	NOUN
cblr-12481	476	10	these	these	DET
cblr-12481	476	11	investments	investment	NOUN
cblr-12481	476	12	out	out	ADP
cblr-12481	476	13	”	"	PUNCT
cblr-12481	476	14	and	and	CCONJ
cblr-12481	476	15	that	that	SCONJ
cblr-12481	476	16	that	that	SCONJ
cblr-12481	476	17	they	they	PRON
cblr-12481	476	18	are	be	AUX
cblr-12481	476	19	“	"	PUNCT
cblr-12481	476	20	more	more	ADV
cblr-12481	476	21	attached	attach	VERB
cblr-12481	476	22	to	to	ADP
cblr-12481	476	23	the	the	DET
cblr-12481	476	24	firm	firm	NOUN
cblr-12481	476	25	,	,	PUNCT
cblr-12481	476	26	and	and	CCONJ
cblr-12481	476	27	within	within	ADP
cblr-12481	476	28	the	the	DET
cblr-12481	476	29	auspices	auspex	NOUN
cblr-12481	476	30	of	of	ADP
cblr-12481	476	31	the	the	DET
cblr-12481	476	32	firm	firm	NOUN
cblr-12481	476	33	,	,	PUNCT
cblr-12481	476	34	than	than	ADP
cblr-12481	476	35	the	the	DET
cblr-12481	476	36	other	other	ADJ
cblr-12481	476	37	stakeholders	stakeholder	NOUN
cblr-12481	476	38	.	.	PUNCT
cblr-12481	476	39	”	"	PUNCT
cblr-12481	477	1	the	the	DET
cblr-12481	477	2	next	next	ADJ
cblr-12481	477	3	iteration	iteration	NOUN
cblr-12481	477	4	of	of	ADP
cblr-12481	477	5	progressive	progressive	ADJ
cblr-12481	477	6	corporate	corporate	ADJ
cblr-12481	477	7	law	law	NOUN
cblr-12481	477	8	,	,	PUNCT
cblr-12481	477	9	74	74	NUM
cblr-12481	477	10	wash	wash	NOUN
cblr-12481	477	11	.	.	PUNCT
cblr-12481	477	12	&	&	CCONJ
cblr-12481	477	13	lee	lee	PROPN
cblr-12481	477	14	l.	l.	PROPN
cblr-12481	477	15	rev	rev	PROPN
cblr-12481	477	16	.	.	PROPN
cblr-12481	477	17	739	739	NUM
cblr-12481	477	18	,	,	PUNCT
cblr-12481	477	19	755	755	NUM
cblr-12481	477	20	(	(	PUNCT
cblr-12481	477	21	2017	2017	NUM
cblr-12481	477	22	)	)	PUNCT
cblr-12481	477	23	.	.	PUNCT
cblr-12481	478	1	while	while	SCONJ
cblr-12481	478	2	not	not	PART
cblr-12481	478	3	in	in	ADP
cblr-12481	478	4	effect	effect	NOUN
cblr-12481	478	5	today	today	NOUN
cblr-12481	478	6	,	,	PUNCT
cblr-12481	478	7	several	several	ADJ
cblr-12481	478	8	states	state	NOUN
cblr-12481	478	9	have	have	AUX
cblr-12481	478	10	codified	codify	VERB
cblr-12481	478	11	codetermination	codetermination	NOUN
cblr-12481	478	12	statutes	statute	NOUN
cblr-12481	478	13	that	that	PRON
cblr-12481	478	14	would	would	AUX
cblr-12481	478	15	acknowledge	acknowledge	VERB
cblr-12481	478	16	workers	worker	NOUN
cblr-12481	478	17	as	as	ADP
cblr-12481	478	18	principals	principal	NOUN
cblr-12481	478	19	and	and	CCONJ
cblr-12481	478	20	grant	grant	VERB
cblr-12481	478	21	them	they	PRON
cblr-12481	478	22	direct	direct	ADJ
cblr-12481	478	23	participation	participation	NOUN
cblr-12481	478	24	in	in	ADP
cblr-12481	478	25	governance	governance	NOUN
cblr-12481	478	26	.	.	PUNCT
cblr-12481	479	1	see	see	VERB
cblr-12481	479	2	e.g.	e.g.	ADV
cblr-12481	479	3	,	,	PUNCT
cblr-12481	479	4	mass	mass	PROPN
cblr-12481	479	5	.	.	PUNCT
cblr-12481	480	1	gen	gen	PROPN
cblr-12481	480	2	.	.	PROPN
cblr-12481	480	3	laws	laws	PROPN
cblr-12481	480	4	ann	ann	PROPN
cblr-12481	480	5	.	.	PUNCT
cblr-12481	481	1	ch	ch	PROPN
cblr-12481	481	2	.	.	PROPN
cblr-12481	481	3	156	156	NUM
cblr-12481	481	4	,	,	PUNCT
cblr-12481	481	5	§	§	PROPN
cblr-12481	481	6	23	23	NUM
cblr-12481	481	7	(	(	PUNCT
cblr-12481	481	8	2018	2018	NUM
cblr-12481	481	9	)	)	PUNCT
cblr-12481	481	10	(	(	PUNCT
cblr-12481	481	11	“	"	PUNCT
cblr-12481	481	12	a	a	DET
cblr-12481	481	13	manufacturing	manufacturing	NOUN
cblr-12481	481	14	corporation	corporation	NOUN
cblr-12481	481	15	may	may	AUX
cblr-12481	481	16	provide	provide	VERB
cblr-12481	481	17	by	by	ADP
cblr-12481	481	18	by	by	ADP
cblr-12481	481	19	-	-	PUNCT
cblr-12481	481	20	law	law	NOUN
cblr-12481	481	21	for	for	ADP
cblr-12481	481	22	the	the	DET
cblr-12481	481	23	nomination	nomination	NOUN
cblr-12481	481	24	and	and	CCONJ
cblr-12481	481	25	election	election	NOUN
cblr-12481	481	26	by	by	ADP
cblr-12481	481	27	its	its	PRON
cblr-12481	481	28	employees	employee	NOUN
cblr-12481	481	29	of	of	ADP
cblr-12481	481	30	one	one	NUM
cblr-12481	481	31	or	or	CCONJ
cblr-12481	481	32	more	more	ADJ
cblr-12481	481	33	of	of	ADP
cblr-12481	481	34	them	they	PRON
cblr-12481	481	35	as	as	ADP
cblr-12481	481	36	members	member	NOUN
cblr-12481	481	37	of	of	ADP
cblr-12481	481	38	its	its	PRON
cblr-12481	481	39	board	board	NOUN
cblr-12481	481	40	of	of	ADP
cblr-12481	481	41	directors	director	NOUN
cblr-12481	481	42	.	.	PUNCT
cblr-12481	481	43	.	.	PUNCT
cblr-12481	481	44	.	.	PUNCT
cblr-12481	481	45	.	.	PUNCT
cblr-12481	482	1	a	a	DET
cblr-12481	482	2	director	director	NOUN
cblr-12481	482	3	elected	elect	VERB
cblr-12481	482	4	by	by	ADP
cblr-12481	482	5	the	the	DET
cblr-12481	482	6	employees	employee	NOUN
cblr-12481	482	7	shall	shall	AUX
cblr-12481	482	8	have	have	VERB
cblr-12481	482	9	the	the	DET
cblr-12481	482	10	same	same	ADJ
cblr-12481	482	11	rights	right	NOUN
cblr-12481	482	12	and	and	CCONJ
cblr-12481	482	13	powers	power	NOUN
cblr-12481	482	14	and	and	CCONJ
cblr-12481	482	15	shall	shall	AUX
cblr-12481	482	16	be	be	AUX
cblr-12481	482	17	subject	subject	ADJ
cblr-12481	482	18	to	to	ADP
cblr-12481	482	19	the	the	DET
cblr-12481	482	20	same	same	ADJ
cblr-12481	482	21	duties	duty	NOUN
cblr-12481	482	22	and	and	CCONJ
cblr-12481	482	23	responsibilities	responsibility	NOUN
cblr-12481	482	24	as	as	ADP
cblr-12481	482	25	a	a	DET
cblr-12481	482	26	director	director	NOUN
cblr-12481	482	27	elected	elect	VERB
cblr-12481	482	28	by	by	ADP
cblr-12481	482	29	the	the	DET
cblr-12481	482	30	stockholders	stockholder	NOUN
cblr-12481	482	31	.	.	PUNCT
cblr-12481	482	32	”	"	PUNCT
cblr-12481	482	33	)	)	PUNCT
cblr-12481	482	34	.	.	PUNCT
cblr-12481	483	1	see	see	VERB
cblr-12481	483	2	also	also	ADV
cblr-12481	483	3	supra	supra	ADJ
cblr-12481	483	4	notes	note	NOUN
cblr-12481	483	5	71	71	NUM
cblr-12481	483	6	,	,	PUNCT
cblr-12481	483	7	72	72	NUM
cblr-12481	483	8	and	and	CCONJ
cblr-12481	483	9	accompanying	accompany	VERB
cblr-12481	483	10	text	text	NOUN
cblr-12481	483	11	.	.	PUNCT
cblr-12481	484	1	77	77	NUM
cblr-12481	484	2	the	the	DET
cblr-12481	484	3	composition	composition	NOUN
cblr-12481	484	4	of	of	ADP
cblr-12481	484	5	corporate	corporate	ADJ
cblr-12481	484	6	principals	principal	NOUN
cblr-12481	484	7	under	under	ADP
cblr-12481	484	8	these	these	DET
cblr-12481	484	9	accounts	account	NOUN
cblr-12481	484	10	is	be	AUX
cblr-12481	484	11	highly	highly	ADV
cblr-12481	484	12	contested	contest	VERB
cblr-12481	484	13	.	.	PUNCT
cblr-12481	485	1	see	see	VERB
cblr-12481	485	2	supra	supra	PROPN
cblr-12481	485	3	notes	note	NOUN
cblr-12481	485	4	24	24	NUM
cblr-12481	485	5	,	,	PUNCT
cblr-12481	485	6	25	25	NUM
cblr-12481	485	7	.	.	NOUN
cblr-12481	485	8	78	78	NUM
cblr-12481	485	9	grant	grant	NOUN
cblr-12481	485	10	m.	m.	PROPN
cblr-12481	485	11	hayden	hayden	PROPN
cblr-12481	485	12	&	&	CCONJ
cblr-12481	485	13	matthew	matthew	PROPN
cblr-12481	485	14	t.	t.	PROPN
cblr-12481	485	15	bodie	bodie	PROPN
cblr-12481	485	16	,	,	PUNCT
cblr-12481	485	17	one	one	NUM
cblr-12481	485	18	share	share	NOUN
cblr-12481	485	19	,	,	PUNCT
cblr-12481	485	20	one	one	NUM
cblr-12481	485	21	vote	vote	NOUN
cblr-12481	485	22	and	and	CCONJ
cblr-12481	485	23	the	the	DET
cblr-12481	485	24	false	false	ADJ
cblr-12481	485	25	promise	promise	NOUN
cblr-12481	485	26	of	of	ADP
cblr-12481	485	27	shareholder	shareholder	NOUN
cblr-12481	485	28	homogeneity	homogeneity	NOUN
cblr-12481	485	29	,	,	PUNCT
cblr-12481	485	30	30	30	NUM
cblr-12481	485	31	cardozo	cardozo	PROPN
cblr-12481	485	32	l.	l.	PROPN
cblr-12481	485	33	rev	rev	PROPN
cblr-12481	485	34	.	.	PROPN
cblr-12481	485	35	445	445	NUM
cblr-12481	485	36	,	,	PUNCT
cblr-12481	485	37	477	477	NUM
cblr-12481	485	38	–	–	PUNCT
cblr-12481	485	39	98	98	NUM
cblr-12481	485	40	(	(	PUNCT
cblr-12481	485	41	2008	2008	NUM
cblr-12481	485	42	)	)	PUNCT
cblr-12481	485	43	(	(	PUNCT
cblr-12481	485	44	discussing	discuss	VERB
cblr-12481	485	45	the	the	DET
cblr-12481	485	46	premise	premise	NOUN
cblr-12481	485	47	of	of	ADP
cblr-12481	485	48	shareholder	shareholder	NOUN
cblr-12481	485	49	homogeneity	homogeneity	NOUN
cblr-12481	485	50	that	that	PRON
cblr-12481	485	51	is	be	AUX
cblr-12481	485	52	used	use	VERB
cblr-12481	485	53	to	to	PART
cblr-12481	485	54	support	support	VERB
cblr-12481	485	55	shareholder	shareholder	NOUN
cblr-12481	485	56	primacy	primacy	NOUN
cblr-12481	485	57	)	)	PUNCT
cblr-12481	485	58	.	.	PUNCT
cblr-12481	486	1	79	79	NUM
cblr-12481	487	1	the	the	DET
cblr-12481	487	2	sec	sec	PROPN
cblr-12481	487	3	’s	’s	PART
cblr-12481	487	4	staff	staff	NOUN
cblr-12481	487	5	legal	legal	ADJ
cblr-12481	487	6	bulletin	bulletin	NOUN
cblr-12481	487	7	14l	14l	NUM
cblr-12481	487	8	issued	issue	VERB
cblr-12481	487	9	in	in	ADP
cblr-12481	487	10	november	november	PROPN
cblr-12481	487	11	2021	2021	NUM
cblr-12481	487	12	acknowledged	acknowledge	VERB
cblr-12481	487	13	and	and	CCONJ
cblr-12481	487	14	expanded	expand	VERB
cblr-12481	487	15	the	the	DET
cblr-12481	487	16	informational	informational	ADJ
cblr-12481	487	17	role	role	NOUN
cblr-12481	487	18	of	of	ADP
cblr-12481	487	19	shareholder	shareholder	NOUN
cblr-12481	487	20	proposals	proposal	NOUN
cblr-12481	488	1	856	856	NUM
cblr-12481	488	2	columbia	columbia	PROPN
cblr-12481	488	3	business	business	NOUN
cblr-12481	488	4	law	law	PROPN
cblr-12481	488	5	review	review	NOUN
cblr-12481	489	1	[	[	X
cblr-12481	489	2	vol	vol	NOUN
cblr-12481	489	3	.	.	PUNCT
cblr-12481	489	4	2023	2023	NUM
cblr-12481	489	5	while	while	SCONJ
cblr-12481	489	6	managers	manager	NOUN
cblr-12481	489	7	already	already	ADV
cblr-12481	489	8	acknowledge	acknowledge	VERB
cblr-12481	489	9	some	some	DET
cblr-12481	489	10	shareholder	shareholder	NOUN
cblr-12481	489	11	heterogeneity80	heterogeneity80	NOUN
cblr-12481	489	12	concerning	concern	VERB
cblr-12481	489	13	,	,	PUNCT
cblr-12481	489	14	for	for	ADP
cblr-12481	489	15	example	example	NOUN
cblr-12481	489	16	,	,	PUNCT
cblr-12481	489	17	portfolio	portfolio	NOUN
cblr-12481	489	18	diversification	diversification	NOUN
cblr-12481	489	19	,	,	PUNCT
cblr-12481	489	20	time	time	NOUN
cblr-12481	489	21	horizon	horizon	NOUN
cblr-12481	489	22	of	of	ADP
cblr-12481	489	23	investment	investment	NOUN
cblr-12481	489	24	,	,	PUNCT
cblr-12481	489	25	and	and	CCONJ
cblr-12481	489	26	majority	majority	NOUN
cblr-12481	489	27	versus	versus	ADP
cblr-12481	489	28	minority	minority	NOUN
cblr-12481	489	29	interests	interest	NOUN
cblr-12481	489	30	,	,	PUNCT
cblr-12481	489	31	adding	add	VERB
cblr-12481	489	32	non	non	ADJ
cblr-12481	489	33	-	-	ADJ
cblr-12481	489	34	pecuniary	pecuniary	ADJ
cblr-12481	489	35	preferences	preference	NOUN
cblr-12481	489	36	as	as	ADP
cblr-12481	489	37	a	a	DET
cblr-12481	489	38	feature	feature	NOUN
cblr-12481	489	39	of	of	ADP
cblr-12481	489	40	shareholder	shareholder	NOUN
cblr-12481	489	41	heterogeneity	heterogeneity	NOUN
cblr-12481	489	42	exacerbates	exacerbate	VERB
cblr-12481	489	43	coordination	coordination	NOUN
cblr-12481	489	44	costs	cost	NOUN
cblr-12481	489	45	among	among	ADP
cblr-12481	489	46	shareholders	shareholder	NOUN
cblr-12481	489	47	.	.	PUNCT
cblr-12481	490	1	expanding	expand	VERB
cblr-12481	490	2	the	the	DET
cblr-12481	490	3	domain	domain	NOUN
cblr-12481	490	4	of	of	ADP
cblr-12481	490	5	shareholder	shareholder	NOUN
cblr-12481	490	6	preferences	preference	NOUN
cblr-12481	490	7	also	also	ADV
cblr-12481	490	8	invites	invite	VERB
cblr-12481	490	9	expenditures	expenditure	NOUN
cblr-12481	490	10	associated	associate	VERB
cblr-12481	490	11	with	with	ADP
cblr-12481	490	12	proxy	proxy	ADJ
cblr-12481	490	13	contests	contest	NOUN
cblr-12481	490	14	.	.	PUNCT
cblr-12481	491	1	for	for	ADP
cblr-12481	491	2	example	example	NOUN
cblr-12481	491	3	,	,	PUNCT
cblr-12481	491	4	mcdonald	mcdonald	PROPN
cblr-12481	491	5	’s	’s	PROPN
cblr-12481	491	6	spent	spend	VERB
cblr-12481	491	7	an	an	DET
cblr-12481	491	8	estimated	estimate	VERB
cblr-12481	491	9	$	$	SYM
cblr-12481	491	10	16	16	NUM
cblr-12481	491	11	million	million	NUM
cblr-12481	491	12	in	in	ADP
cblr-12481	491	13	response	response	NOUN
cblr-12481	491	14	to	to	ADP
cblr-12481	491	15	carl	carl	PROPN
cblr-12481	491	16	icahn	icahn	PROPN
cblr-12481	491	17	’s	’s	PART
cblr-12481	491	18	animal	animal	NOUN
cblr-12481	491	19	-	-	PUNCT
cblr-12481	491	20	welfare	welfare	NOUN
cblr-12481	491	21	motivated	motivated	ADJ
cblr-12481	491	22	proxy	proxy	NOUN
cblr-12481	491	23	contest.81	contest.81	NOUN
cblr-12481	491	24	as	as	SCONJ
cblr-12481	491	25	shareholders	shareholder	NOUN
cblr-12481	491	26	increasingly	increasingly	ADV
cblr-12481	491	27	engage	engage	VERB
cblr-12481	491	28	in	in	ADP
cblr-12481	491	29	socially	socially	ADV
cblr-12481	491	30	motivated	motivated	ADJ
cblr-12481	491	31	proxy	proxy	NOUN
cblr-12481	491	32	contests	contest	NOUN
cblr-12481	491	33	,	,	PUNCT
cblr-12481	491	34	managers	manager	NOUN
cblr-12481	491	35	will	will	AUX
cblr-12481	491	36	have	have	VERB
cblr-12481	491	37	to	to	PART
cblr-12481	491	38	divert	divert	VERB
cblr-12481	491	39	more	more	ADJ
cblr-12481	491	40	resources	resource	NOUN
cblr-12481	491	41	to	to	PART
cblr-12481	491	42	defend	defend	VERB
cblr-12481	491	43	against	against	ADP
cblr-12481	491	44	them	they	PRON
cblr-12481	491	45	.	.	PUNCT
cblr-12481	492	1	3	3	X
cblr-12481	492	2	.	.	X
cblr-12481	492	3	agents	agent	NOUN
cblr-12481	492	4	under	under	ADP
cblr-12481	492	5	current	current	ADJ
cblr-12481	492	6	practice	practice	NOUN
cblr-12481	492	7	,	,	PUNCT
cblr-12481	492	8	esg	esg	PROPN
cblr-12481	492	9	governance	governance	NOUN
cblr-12481	492	10	remains	remain	VERB
cblr-12481	492	11	consistent	consistent	ADJ
cblr-12481	492	12	with	with	ADP
cblr-12481	492	13	the	the	DET
cblr-12481	492	14	claim	claim	NOUN
cblr-12481	492	15	that	that	SCONJ
cblr-12481	492	16	managers	manager	NOUN
cblr-12481	492	17	are	be	AUX
cblr-12481	492	18	agents	agent	NOUN
cblr-12481	492	19	of	of	ADP
cblr-12481	492	20	corporate	corporate	ADJ
cblr-12481	492	21	principals	principal	NOUN
cblr-12481	492	22	:	:	PUNCT
cblr-12481	492	23	shareholder	shareholder	NOUN
cblr-12481	492	24	pluralists	pluralist	NOUN
cblr-12481	492	25	assume	assume	VERB
cblr-12481	492	26	that	that	SCONJ
cblr-12481	492	27	shareholders	shareholder	NOUN
cblr-12481	492	28	are	be	AUX
cblr-12481	492	29	principals	principal	NOUN
cblr-12481	492	30	while	while	SCONJ
cblr-12481	492	31	managerialists	managerialist	NOUN
cblr-12481	492	32	assume	assume	VERB
cblr-12481	492	33	that	that	SCONJ
cblr-12481	492	34	stakeholders	stakeholder	NOUN
cblr-12481	492	35	are	be	AUX
cblr-12481	492	36	principals	principal	NOUN
cblr-12481	492	37	.	.	PUNCT
cblr-12481	493	1	esg	esg	PROPN
cblr-12481	493	2	problematizes	problematize	VERB
cblr-12481	493	3	the	the	DET
cblr-12481	493	4	role	role	NOUN
cblr-12481	493	5	of	of	ADP
cblr-12481	493	6	managerial	managerial	ADJ
cblr-12481	493	7	agents	agent	NOUN
cblr-12481	493	8	.	.	PUNCT
cblr-12481	494	1	shareholder	shareholder	NOUN
cblr-12481	494	2	-	-	PUNCT
cblr-12481	494	3	centered	center	VERB
cblr-12481	494	4	esg	esg	NOUN
cblr-12481	494	5	softens	soften	VERB
cblr-12481	494	6	the	the	DET
cblr-12481	494	7	separation	separation	NOUN
cblr-12481	494	8	of	of	ADP
cblr-12481	494	9	ownership	ownership	NOUN
cblr-12481	494	10	and	and	CCONJ
cblr-12481	494	11	control	control	NOUN
cblr-12481	494	12	as	as	SCONJ
cblr-12481	494	13	shareholders	shareholder	NOUN
cblr-12481	494	14	seek	seek	VERB
cblr-12481	494	15	a	a	DET
cblr-12481	494	16	more	more	ADV
cblr-12481	494	17	involved	involved	ADJ
cblr-12481	494	18	role	role	NOUN
cblr-12481	494	19	in	in	ADP
cblr-12481	494	20	defining	define	VERB
cblr-12481	494	21	and	and	CCONJ
cblr-12481	494	22	administering	administer	VERB
cblr-12481	494	23	esg	esg	NOUN
cblr-12481	494	24	objectives	objective	NOUN
cblr-12481	494	25	.	.	PUNCT
cblr-12481	495	1	a	a	DET
cblr-12481	495	2	recent	recent	ADJ
cblr-12481	495	3	controversy	controversy	NOUN
cblr-12481	495	4	concerning	concern	VERB
cblr-12481	495	5	the	the	DET
cblr-12481	495	6	activist	activist	ADJ
cblr-12481	495	7	fund	fund	NOUN
cblr-12481	495	8	engine	engine	NOUN
cblr-12481	495	9	no	no	NOUN
cblr-12481	495	10	.	.	NOUN
cblr-12481	495	11	1	1	NUM
cblr-12481	495	12	demonstrates	demonstrate	VERB
cblr-12481	495	13	diverging	diverge	VERB
cblr-12481	495	14	interpretations	interpretation	NOUN
cblr-12481	495	15	of	of	ADP
cblr-12481	495	16	discretion	discretion	NOUN
cblr-12481	495	17	that	that	PRON
cblr-12481	495	18	should	should	AUX
cblr-12481	495	19	be	be	AUX
cblr-12481	495	20	ceded	cede	VERB
cblr-12481	495	21	to	to	ADP
cblr-12481	495	22	managerial	managerial	ADJ
cblr-12481	495	23	agents	agent	NOUN
cblr-12481	495	24	,	,	PUNCT
cblr-12481	495	25	even	even	ADV
cblr-12481	495	26	among	among	ADP
cblr-12481	495	27	shareholders	shareholder	NOUN
cblr-12481	495	28	who	who	PRON
cblr-12481	495	29	,	,	PUNCT
cblr-12481	495	30	apparently	apparently	ADV
cblr-12481	495	31	,	,	PUNCT
cblr-12481	495	32	align	align	VERB
cblr-12481	495	33	on	on	ADP
cblr-12481	495	34	substantive	substantive	ADJ
cblr-12481	495	35	esg	esg	PROPN
cblr-12481	495	36	objectives	objective	NOUN
cblr-12481	495	37	.	.	PUNCT
cblr-12481	496	1	engine	engine	NOUN
cblr-12481	496	2	no	no	NOUN
cblr-12481	496	3	.	.	PROPN
cblr-12481	496	4	1	1	NUM
cblr-12481	496	5	achieved	achieve	VERB
cblr-12481	496	6	notoriety	notoriety	NOUN
cblr-12481	496	7	in	in	ADP
cblr-12481	496	8	2021	2021	NUM
cblr-12481	496	9	when	when	SCONJ
cblr-12481	496	10	it	it	PRON
cblr-12481	496	11	successfully	successfully	ADV
cblr-12481	496	12	replaced	replace	VERB
cblr-12481	496	13	members	member	NOUN
cblr-12481	496	14	on	on	ADP
cblr-12481	496	15	exxonmobil	exxonmobil	PROPN
cblr-12481	496	16	’s	’s	PART
cblr-12481	496	17	board	board	NOUN
cblr-12481	496	18	with	with	ADP
cblr-12481	496	19	candidates	candidate	NOUN
cblr-12481	496	20	by	by	ADP
cblr-12481	496	21	removing	remove	VERB
cblr-12481	496	22	limitations	limitation	NOUN
cblr-12481	496	23	on	on	ADP
cblr-12481	496	24	the	the	DET
cblr-12481	496	25	subjects	subject	NOUN
cblr-12481	496	26	that	that	PRON
cblr-12481	496	27	may	may	AUX
cblr-12481	496	28	be	be	AUX
cblr-12481	496	29	included	include	VERB
cblr-12481	496	30	in	in	ADP
cblr-12481	496	31	a	a	DET
cblr-12481	496	32	proxy	proxy	ADJ
cblr-12481	496	33	statement	statement	NOUN
cblr-12481	496	34	.	.	PUNCT
cblr-12481	497	1	sec	sec	PROPN
cblr-12481	497	2	legal	legal	ADJ
cblr-12481	497	3	bulletin	bulletin	NOUN
cblr-12481	497	4	,	,	PUNCT
cblr-12481	497	5	supra	supra	PROPN
cblr-12481	497	6	note	note	NOUN
cblr-12481	497	7	66	66	NUM
cblr-12481	497	8	.	.	PUNCT
cblr-12481	497	9	80	80	NUM
cblr-12481	497	10	see	see	VERB
cblr-12481	497	11	,	,	PUNCT
cblr-12481	497	12	e.g.	e.g.	ADV
cblr-12481	497	13	,	,	PUNCT
cblr-12481	497	14	grant	grant	PROPN
cblr-12481	497	15	m.	m.	PROPN
cblr-12481	497	16	hayden	hayden	PROPN
cblr-12481	497	17	&	&	CCONJ
cblr-12481	497	18	matthew	matthew	PROPN
cblr-12481	497	19	t.	t.	PROPN
cblr-12481	497	20	bodie	bodie	PROPN
cblr-12481	497	21	,	,	PUNCT
cblr-12481	497	22	shareholder	shareholder	NOUN
cblr-12481	497	23	homogeneity	homogeneity	NOUN
cblr-12481	497	24	,	,	PUNCT
cblr-12481	497	25	in	in	ADP
cblr-12481	497	26	reconstructing	reconstruct	VERB
cblr-12481	497	27	the	the	DET
cblr-12481	497	28	corporation	corporation	NOUN
cblr-12481	497	29	:	:	PUNCT
cblr-12481	497	30	from	from	ADP
cblr-12481	497	31	shareholder	shareholder	NOUN
cblr-12481	497	32	primacy	primacy	NOUN
cblr-12481	497	33	to	to	ADP
cblr-12481	497	34	shared	share	VERB
cblr-12481	497	35	governance	governance	NOUN
cblr-12481	497	36	68	68	NUM
cblr-12481	497	37	(	(	PUNCT
cblr-12481	497	38	2021	2021	NUM
cblr-12481	497	39	)	)	PUNCT
cblr-12481	497	40	.	.	PUNCT
cblr-12481	498	1	81	81	NUM
cblr-12481	498	2	amelia	amelia	PROPN
cblr-12481	498	3	lucas	lucas	PROPN
cblr-12481	498	4	,	,	PUNCT
cblr-12481	498	5	carl	carl	PROPN
cblr-12481	498	6	icahn	icahn	PROPN
cblr-12481	498	7	loses	lose	VERB
cblr-12481	498	8	proxy	proxy	ADJ
cblr-12481	498	9	fight	fight	NOUN
cblr-12481	498	10	with	with	ADP
cblr-12481	498	11	mcdonald	mcdonald	PROPN
cblr-12481	498	12	’s	’s	PART
cblr-12481	498	13	over	over	ADP
cblr-12481	498	14	animal	animal	NOUN
cblr-12481	498	15	welfare	welfare	NOUN
cblr-12481	498	16	,	,	PUNCT
cblr-12481	498	17	cnbc	cnbc	PROPN
cblr-12481	498	18	(	(	PUNCT
cblr-12481	498	19	may	may	PROPN
cblr-12481	498	20	26	26	NUM
cblr-12481	498	21	,	,	PUNCT
cblr-12481	498	22	2022	2022	NUM
cblr-12481	498	23	)	)	PUNCT
cblr-12481	498	24	,	,	PUNCT
cblr-12481	498	25	https://www.cnbc.com/2022/05/26/carl-icahn-loses-proxy-fight-with-mcdonalds-over-animal-welfare.html#:~:text=activist%20investor%20carl%20icahn%20lost,the%20treatment%20of%20pregnant%20pigs	https://www.cnbc.com/2022/05/26/carl-icahn-loses-proxy-fight-with-mcdonalds-over-animal-welfare.html#:~:text=activist%20investor%20carl%20icahn%20lost,the%20treatment%20of%20pregnant%20pig	NOUN
cblr-12481	498	26	.	.	PUNCT
cblr-12481	499	1	[	[	X
cblr-12481	499	2	https://perma.cc/vs47-ejdx	https://perma.cc/vs47-ejdx	X
cblr-12481	499	3	]	]	X
cblr-12481	499	4	.	.	PUNCT
cblr-12481	500	1	no	no	INTJ
cblr-12481	500	2	.	.	NOUN
cblr-12481	501	1	2	2	NUM
cblr-12481	501	2	]	]	X
cblr-12481	501	3	corporate	corporate	ADJ
cblr-12481	501	4	technocracy	technocracy	NOUN
cblr-12481	501	5	857	857	NUM
cblr-12481	501	6	who	who	PRON
cblr-12481	501	7	would	would	AUX
cblr-12481	501	8	champion	champion	VERB
cblr-12481	501	9	its	its	PRON
cblr-12481	501	10	climate	climate	NOUN
cblr-12481	501	11	change	change	NOUN
cblr-12481	501	12	agenda	agenda	NOUN
cblr-12481	501	13	.	.	PUNCT
cblr-12481	502	1	a	a	DET
cblr-12481	502	2	year	year	NOUN
cblr-12481	502	3	later	later	ADV
cblr-12481	502	4	,	,	PUNCT
cblr-12481	502	5	the	the	DET
cblr-12481	502	6	fund	fund	NOUN
cblr-12481	502	7	faced	face	VERB
cblr-12481	502	8	criticism	criticism	NOUN
cblr-12481	502	9	for	for	ADP
cblr-12481	502	10	voting	vote	VERB
cblr-12481	502	11	against	against	ADP
cblr-12481	502	12	climate	climate	NOUN
cblr-12481	502	13	-	-	PUNCT
cblr-12481	502	14	related	relate	VERB
cblr-12481	502	15	resolutions	resolution	NOUN
cblr-12481	502	16	at	at	ADP
cblr-12481	502	17	citi	citi	PROPN
cblr-12481	502	18	,	,	PUNCT
cblr-12481	502	19	bank	bank	PROPN
cblr-12481	502	20	of	of	ADP
cblr-12481	502	21	america	america	PROPN
cblr-12481	502	22	,	,	PUNCT
cblr-12481	502	23	and	and	CCONJ
cblr-12481	502	24	wells	wells	PROPN
cblr-12481	502	25	fargo.82	fargo.82	VERB
cblr-12481	502	26	the	the	DET
cblr-12481	502	27	proposals	proposal	NOUN
cblr-12481	502	28	in	in	ADP
cblr-12481	502	29	question	question	NOUN
cblr-12481	502	30	called	call	VERB
cblr-12481	502	31	on	on	ADP
cblr-12481	502	32	banks	bank	NOUN
cblr-12481	502	33	to	to	PART
cblr-12481	502	34	adopt	adopt	VERB
cblr-12481	502	35	policies	policy	NOUN
cblr-12481	502	36	by	by	ADP
cblr-12481	502	37	the	the	DET
cblr-12481	502	38	end	end	NOUN
cblr-12481	502	39	of	of	ADP
cblr-12481	502	40	2022	2022	NUM
cblr-12481	502	41	ensuring	ensure	VERB
cblr-12481	502	42	that	that	SCONJ
cblr-12481	502	43	their	their	PRON
cblr-12481	502	44	financing	financing	NOUN
cblr-12481	502	45	does	do	AUX
cblr-12481	502	46	not	not	PART
cblr-12481	502	47	contribute	contribute	VERB
cblr-12481	502	48	to	to	ADP
cblr-12481	502	49	new	new	ADJ
cblr-12481	502	50	fossil	fossil	NOUN
cblr-12481	502	51	fuel	fuel	NOUN
cblr-12481	502	52	supplies	supply	NOUN
cblr-12481	502	53	in	in	ADP
cblr-12481	502	54	keeping	keep	VERB
cblr-12481	502	55	with	with	ADP
cblr-12481	502	56	international	international	ADJ
cblr-12481	502	57	agency	agency	PROPN
cblr-12481	502	58	association	association	PROPN
cblr-12481	502	59	’s	’s	PART
cblr-12481	502	60	recommendations.83	recommendations.83	PROPN
cblr-12481	502	61	engine	engine	NOUN
cblr-12481	502	62	no	no	NOUN
cblr-12481	502	63	.	.	NOUN
cblr-12481	503	1	1	1	NUM
cblr-12481	503	2	’s	’s	PART
cblr-12481	503	3	managing	manage	VERB
cblr-12481	503	4	director	director	NOUN
cblr-12481	503	5	explained	explain	VERB
cblr-12481	503	6	that	that	SCONJ
cblr-12481	503	7	the	the	DET
cblr-12481	503	8	proposals	proposal	NOUN
cblr-12481	503	9	had	have	VERB
cblr-12481	503	10	too	too	ADV
cblr-12481	503	11	much	much	ADJ
cblr-12481	503	12	micromanagement	micromanagement	NOUN
cblr-12481	503	13	and	and	CCONJ
cblr-12481	503	14	“	"	PUNCT
cblr-12481	503	15	as	as	SCONJ
cblr-12481	503	16	written	write	VERB
cblr-12481	503	17	they	they	PRON
cblr-12481	503	18	did	do	AUX
cblr-12481	503	19	not	not	PART
cblr-12481	503	20	provide	provide	VERB
cblr-12481	503	21	adequate	adequate	ADJ
cblr-12481	503	22	flexibility	flexibility	NOUN
cblr-12481	503	23	for	for	SCONJ
cblr-12481	503	24	banks	bank	NOUN
cblr-12481	503	25	to	to	PART
cblr-12481	503	26	finance	finance	VERB
cblr-12481	503	27	the	the	DET
cblr-12481	503	28	fossil	fossil	NOUN
cblr-12481	503	29	fuel	fuel	NOUN
cblr-12481	503	30	and	and	CCONJ
cblr-12481	503	31	energy	energy	NOUN
cblr-12481	503	32	transition	transition	NOUN
cblr-12481	503	33	.	.	PUNCT
cblr-12481	504	1	”84	”84	NOUN
cblr-12481	504	2	blackrock	blackrock	PROPN
cblr-12481	504	3	adopted	adopt	VERB
cblr-12481	504	4	a	a	DET
cblr-12481	504	5	similar	similar	ADJ
cblr-12481	504	6	position	position	NOUN
cblr-12481	504	7	,	,	PUNCT
cblr-12481	504	8	observing	observe	VERB
cblr-12481	504	9	that	that	SCONJ
cblr-12481	504	10	shareholder	shareholder	NOUN
cblr-12481	504	11	proposals	proposal	NOUN
cblr-12481	504	12	concerning	concern	VERB
cblr-12481	504	13	climate	climate	NOUN
cblr-12481	504	14	disclosures	disclosure	NOUN
cblr-12481	504	15	have	have	AUX
cblr-12481	504	16	been	be	AUX
cblr-12481	504	17	too	too	ADV
cblr-12481	504	18	“	"	PUNCT
cblr-12481	504	19	constraining	constrain	VERB
cblr-12481	504	20	”	"	PUNCT
cblr-12481	504	21	and	and	CCONJ
cblr-12481	504	22	“	"	PUNCT
cblr-12481	504	23	prescriptive	prescriptive	NOUN
cblr-12481	504	24	.	.	PUNCT
cblr-12481	505	1	”85	”85	PROPN
cblr-12481	505	2	this	this	DET
cblr-12481	505	3	incident	incident	NOUN
cblr-12481	505	4	highlights	highlight	NOUN
cblr-12481	505	5	that	that	SCONJ
cblr-12481	505	6	the	the	DET
cblr-12481	505	7	scope	scope	NOUN
cblr-12481	505	8	of	of	ADP
cblr-12481	505	9	deference	deference	NOUN
cblr-12481	505	10	granted	grant	VERB
cblr-12481	505	11	to	to	ADP
cblr-12481	505	12	agents	agent	NOUN
cblr-12481	505	13	and	and	CCONJ
cblr-12481	505	14	the	the	DET
cblr-12481	505	15	reach	reach	NOUN
cblr-12481	505	16	of	of	ADP
cblr-12481	505	17	shareholder	shareholder	NOUN
cblr-12481	505	18	participation	participation	NOUN
cblr-12481	505	19	in	in	ADP
cblr-12481	505	20	governance	governance	NOUN
cblr-12481	505	21	remain	remain	VERB
cblr-12481	505	22	disputed	dispute	VERB
cblr-12481	505	23	even	even	ADV
cblr-12481	505	24	by	by	ADP
cblr-12481	505	25	those	those	PRON
cblr-12481	505	26	who	who	PRON
cblr-12481	505	27	agree	agree	VERB
cblr-12481	505	28	on	on	ADP
cblr-12481	505	29	corporate	corporate	ADJ
cblr-12481	505	30	purpose	purpose	NOUN
cblr-12481	505	31	.	.	PUNCT
cblr-12481	506	1	proposed	propose	VERB
cblr-12481	506	2	esg	esg	PROPN
cblr-12481	506	3	governance	governance	NOUN
cblr-12481	506	4	paradigms	paradigm	NOUN
cblr-12481	506	5	of	of	ADP
cblr-12481	506	6	shareholder	shareholder	NOUN
cblr-12481	506	7	democracy	democracy	NOUN
cblr-12481	506	8	or	or	CCONJ
cblr-12481	506	9	codetermination	codetermination	NOUN
cblr-12481	506	10	problematize	problematize	VERB
cblr-12481	506	11	the	the	DET
cblr-12481	506	12	claim	claim	NOUN
cblr-12481	506	13	that	that	SCONJ
cblr-12481	506	14	82	82	NUM
cblr-12481	506	15	tim	tim	PROPN
cblr-12481	506	16	mcdonnell	mcdonnell	PROPN
cblr-12481	506	17	,	,	PUNCT
cblr-12481	506	18	the	the	DET
cblr-12481	506	19	hedge	hedge	NOUN
cblr-12481	506	20	fund	fund	NOUN
cblr-12481	506	21	that	that	PRON
cblr-12481	506	22	beat	beat	VERB
cblr-12481	506	23	exxon	exxon	PROPN
cblr-12481	506	24	is	be	AUX
cblr-12481	506	25	n’t	not	PART
cblr-12481	506	26	ready	ready	ADJ
cblr-12481	506	27	for	for	ADP
cblr-12481	506	28	a	a	DET
cblr-12481	506	29	climate	climate	NOUN
cblr-12481	506	30	coup	coup	NOUN
cblr-12481	506	31	at	at	ADP
cblr-12481	506	32	banks	bank	NOUN
cblr-12481	506	33	,	,	PUNCT
cblr-12481	506	34	quartz	quartz	NOUN
cblr-12481	506	35	(	(	PUNCT
cblr-12481	506	36	apr	apr	PROPN
cblr-12481	506	37	.	.	PROPN
cblr-12481	506	38	29	29	NUM
cblr-12481	506	39	,	,	PUNCT
cblr-12481	506	40	2022	2022	NUM
cblr-12481	506	41	)	)	PUNCT
cblr-12481	506	42	,	,	PUNCT
cblr-12481	506	43	https://qz.com/2160507/why-engine-1-voted-against-climate-proposals-atbig-banks/	https://qz.com/2160507/why-engine-1-voted-against-climate-proposals-atbig-banks/	PROPN
cblr-12481	507	1	[	[	X
cblr-12481	507	2	https://perma.cc/rlj3-zj6k	https://perma.cc/rlj3-zj6k	X
cblr-12481	507	3	]	]	X
cblr-12481	507	4	.	.	PUNCT
cblr-12481	508	1	83	83	NUM
cblr-12481	508	2	trillium	trillium	NOUN
cblr-12481	508	3	asset	asset	NOUN
cblr-12481	508	4	mgmt	mgmt	PROPN
cblr-12481	508	5	.	.	PROPN
cblr-12481	508	6	,	,	PUNCT
cblr-12481	508	7	proposal	proposal	NOUN
cblr-12481	508	8	:	:	PUNCT
cblr-12481	508	9	financing	finance	VERB
cblr-12481	508	10	consistent	consistent	ADJ
cblr-12481	508	11	with	with	ADP
cblr-12481	508	12	iea	iea	NOUN
cblr-12481	508	13	net	net	NOUN
cblr-12481	508	14	zero	zero	NUM
cblr-12481	508	15	2050	2050	NUM
cblr-12481	508	16	scenario	scenario	NOUN
cblr-12481	508	17	(	(	PUNCT
cblr-12481	508	18	2022	2022	NUM
cblr-12481	508	19	)	)	PUNCT
cblr-12481	508	20	,	,	PUNCT
cblr-12481	508	21	https://collaborate.unpri.org/group/9996/stream	https://collaborate.unpri.org/group/9996/stream	NOUN
cblr-12481	508	22	[	[	X
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cblr-12481	508	25	;	;	PUNCT
cblr-12481	508	26	harrington	harrington	PROPN
cblr-12481	508	27	inv	inv	PROPN
cblr-12481	508	28	.	.	PUNCT
cblr-12481	508	29	&	&	CCONJ
cblr-12481	508	30	bos	bos	PROPN
cblr-12481	508	31	.	.	PUNCT
cblr-12481	509	1	common	common	ADJ
cblr-12481	509	2	asset	asset	NOUN
cblr-12481	509	3	mgmt	mgmt	PROPN
cblr-12481	509	4	.	.	PROPN
cblr-12481	509	5	,	,	PUNCT
cblr-12481	509	6	proposal	proposal	NOUN
cblr-12481	509	7	:	:	PUNCT
cblr-12481	509	8	“	"	PUNCT
cblr-12481	509	9	financing	finance	VERB
cblr-12481	509	10	consistent	consistent	ADJ
cblr-12481	509	11	with	with	ADP
cblr-12481	509	12	iea	iea	NOUN
cblr-12481	509	13	net	net	NOUN
cblr-12481	509	14	zero	zero	NUM
cblr-12481	509	15	2050	2050	NUM
cblr-12481	509	16	scenario	scenario	NOUN
cblr-12481	509	17	”	"	PUNCT
cblr-12481	509	18	(	(	PUNCT
cblr-12481	509	19	2022	2022	NUM
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cblr-12481	509	21	,	,	PUNCT
cblr-12481	509	22	https://www.iccr.org/wp-content/uploads/2022/06/citigroup_2022_harrington_resolution.pdf	https://www.iccr.org/wp-content/uploads/2022/06/citigroup_2022_harrington_resolution.pdf	NUM
cblr-12481	510	1	[	[	X
cblr-12481	510	2	https://perma.cc/mcx2-j7ur	https://perma.cc/mcx2-j7ur	X
cblr-12481	510	3	]	]	X
cblr-12481	510	4	;	;	PUNCT
cblr-12481	510	5	sierra	sierra	PROPN
cblr-12481	510	6	club	club	PROPN
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cblr-12481	510	8	.	.	PUNCT
cblr-12481	511	1	,	,	PUNCT
cblr-12481	511	2	proposal	proposal	NOUN
cblr-12481	511	3	:	:	PUNCT
cblr-12481	511	4	financing	finance	VERB
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cblr-12481	511	7	iea	iea	NOUN
cblr-12481	511	8	net	net	NOUN
cblr-12481	511	9	zero	zero	NUM
cblr-12481	511	10	2050	2050	NUM
cblr-12481	511	11	scenario	scenario	NOUN
cblr-12481	511	12	(	(	PUNCT
cblr-12481	511	13	2022	2022	NUM
cblr-12481	511	14	)	)	PUNCT
cblr-12481	511	15	,	,	PUNCT
cblr-12481	511	16	https://www.iccr.org/wp-content/uploads/2022/06/goldman_sachs_2022_sierra_club_foundation_1.pdf	https://www.iccr.org/wp-content/uploads/2022/06/goldman_sachs_2022_sierra_club_foundation_1.pdf	PROPN
cblr-12481	512	1	[	[	X
cblr-12481	512	2	https://perma.cc/b622-zzbp	https://perma.cc/b622-zzbp	X
cblr-12481	512	3	]	]	PUNCT
cblr-12481	512	4	.	.	PUNCT
cblr-12481	513	1	84	84	NUM
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cblr-12481	513	7	.	.	PROPN
cblr-12481	513	8	85	85	NUM
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cblr-12481	513	10	,	,	PUNCT
cblr-12481	513	11	2022	2022	NUM
cblr-12481	513	12	climate	climate	NOUN
cblr-12481	513	13	-	-	PUNCT
cblr-12481	513	14	related	relate	VERB
cblr-12481	513	15	shareholder	shareholder	NOUN
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cblr-12481	513	17	more	more	ADV
cblr-12481	513	18	prescriptive	prescriptive	ADJ
cblr-12481	513	19	than	than	ADP
cblr-12481	513	20	2021	2021	NUM
cblr-12481	513	21	(	(	PUNCT
cblr-12481	513	22	may	may	NOUN
cblr-12481	513	23	2022	2022	NUM
cblr-12481	513	24	)	)	PUNCT
cblr-12481	513	25	,	,	PUNCT
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cblr-12481	514	1	[	[	X
cblr-12481	514	2	https://perma.cc/46vn-9y9	https://perma.cc/46vn-9y9	NOUN
cblr-12481	514	3	g	g	NOUN
cblr-12481	514	4	]	]	X
cblr-12481	514	5	(	(	PUNCT
cblr-12481	514	6	“	"	PUNCT
cblr-12481	514	7	having	having	AUX
cblr-12481	514	8	supported	support	VERB
cblr-12481	514	9	47	47	NUM
cblr-12481	514	10	%	%	NOUN
cblr-12481	514	11	of	of	ADP
cblr-12481	514	12	environmental	environmental	ADJ
cblr-12481	514	13	and	and	CCONJ
cblr-12481	514	14	social	social	ADJ
cblr-12481	514	15	shareholder	shareholder	NOUN
cblr-12481	514	16	proposals	proposal	NOUN
cblr-12481	514	17	in	in	ADP
cblr-12481	514	18	2021	2021	NUM
cblr-12481	514	19	,	,	PUNCT
cblr-12481	514	20	bis	bis	PROPN
cblr-12481	514	21	notes	note	VERB
cblr-12481	514	22	that	that	SCONJ
cblr-12481	514	23	many	many	ADJ
cblr-12481	514	24	of	of	ADP
cblr-12481	514	25	the	the	DET
cblr-12481	514	26	climate	climate	NOUN
cblr-12481	514	27	-	-	PUNCT
cblr-12481	514	28	related	relate	VERB
cblr-12481	514	29	shareholder	shareholder	NOUN
cblr-12481	514	30	proposals	proposal	NOUN
cblr-12481	514	31	coming	come	VERB
cblr-12481	514	32	to	to	ADP
cblr-12481	514	33	a	a	DET
cblr-12481	514	34	vote	vote	NOUN
cblr-12481	514	35	in	in	ADP
cblr-12481	514	36	2022	2022	NUM
cblr-12481	514	37	are	be	AUX
cblr-12481	514	38	more	more	ADV
cblr-12481	514	39	prescriptive	prescriptive	ADJ
cblr-12481	514	40	or	or	CCONJ
cblr-12481	514	41	constraining	constrain	VERB
cblr-12481	514	42	on	on	ADP
cblr-12481	514	43	companies	company	NOUN
cblr-12481	514	44	and	and	CCONJ
cblr-12481	514	45	may	may	AUX
cblr-12481	514	46	not	not	PART
cblr-12481	514	47	promote	promote	VERB
cblr-12481	514	48	long	long	ADJ
cblr-12481	514	49	-	-	PUNCT
cblr-12481	514	50	term	term	NOUN
cblr-12481	514	51	shareholder	shareholder	NOUN
cblr-12481	514	52	value	value	NOUN
cblr-12481	514	53	.	.	PUNCT
cblr-12481	514	54	”	"	PUNCT
cblr-12481	514	55	)	)	PUNCT
cblr-12481	514	56	.	.	PUNCT
cblr-12481	515	1	858	858	NUM
cblr-12481	515	2	columbia	columbia	PROPN
cblr-12481	515	3	business	business	NOUN
cblr-12481	515	4	law	law	PROPN
cblr-12481	515	5	review	review	NOUN
cblr-12481	515	6	[	[	X
cblr-12481	515	7	vol	vol	NOUN
cblr-12481	515	8	.	.	PUNCT
cblr-12481	515	9	2023	2023	NUM
cblr-12481	515	10	managers	manager	NOUN
cblr-12481	515	11	are	be	AUX
cblr-12481	515	12	agents	agent	NOUN
cblr-12481	515	13	of	of	ADP
cblr-12481	515	14	stakeholder	stakeholder	NOUN
cblr-12481	515	15	principals	principal	NOUN
cblr-12481	515	16	.	.	PUNCT
cblr-12481	516	1	shareholder	shareholder	NOUN
cblr-12481	516	2	democracy	democracy	NOUN
cblr-12481	516	3	considers	consider	VERB
cblr-12481	516	4	shareholders	shareholder	NOUN
cblr-12481	516	5	to	to	PART
cblr-12481	516	6	be	be	AUX
cblr-12481	516	7	sponsors	sponsor	NOUN
cblr-12481	516	8	of	of	ADP
cblr-12481	516	9	stakeholder	stakeholder	NOUN
cblr-12481	516	10	agendas	agenda	NOUN
cblr-12481	516	11	,	,	PUNCT
cblr-12481	516	12	making	make	VERB
cblr-12481	516	13	them	they	PRON
cblr-12481	516	14	simultaneously	simultaneously	ADV
cblr-12481	516	15	agents	agent	NOUN
cblr-12481	516	16	to	to	ADP
cblr-12481	516	17	stakeholders	stakeholder	NOUN
cblr-12481	516	18	and	and	CCONJ
cblr-12481	516	19	principals	principal	NOUN
cblr-12481	516	20	to	to	ADP
cblr-12481	516	21	managers	manager	NOUN
cblr-12481	516	22	.	.	PUNCT
cblr-12481	517	1	under	under	ADP
cblr-12481	517	2	a	a	DET
cblr-12481	517	3	codetermination	codetermination	NOUN
cblr-12481	517	4	paradigm	paradigm	NOUN
cblr-12481	517	5	,	,	PUNCT
cblr-12481	517	6	stakeholder	stakeholder	NOUN
cblr-12481	517	7	representatives	representative	NOUN
cblr-12481	517	8	in	in	ADP
cblr-12481	517	9	the	the	DET
cblr-12481	517	10	position	position	NOUN
cblr-12481	517	11	of	of	ADP
cblr-12481	517	12	managers	manager	NOUN
cblr-12481	517	13	or	or	CCONJ
cblr-12481	517	14	directors	director	NOUN
cblr-12481	517	15	are	be	AUX
cblr-12481	517	16	agents	agent	NOUN
cblr-12481	517	17	of	of	ADP
cblr-12481	517	18	their	their	PRON
cblr-12481	517	19	respective	respective	ADJ
cblr-12481	517	20	stakeholder	stakeholder	NOUN
cblr-12481	517	21	principals	principal	NOUN
cblr-12481	517	22	.	.	PUNCT
cblr-12481	518	1	4	4	X
cblr-12481	518	2	.	.	X
cblr-12481	518	3	corporate	corporate	ADJ
cblr-12481	518	4	governance	governance	NOUN
cblr-12481	518	5	a	a	DET
cblr-12481	518	6	corporate	corporate	ADJ
cblr-12481	518	7	governance	governance	NOUN
cblr-12481	518	8	paradigm	paradigm	NOUN
cblr-12481	518	9	allocates	allocate	VERB
cblr-12481	518	10	power	power	NOUN
cblr-12481	518	11	between	between	ADP
cblr-12481	518	12	shareholders	shareholder	NOUN
cblr-12481	518	13	and	and	CCONJ
cblr-12481	518	14	managers	manager	NOUN
cblr-12481	518	15	based	base	VERB
cblr-12481	518	16	on	on	ADP
cblr-12481	518	17	how	how	SCONJ
cblr-12481	518	18	it	it	PRON
cblr-12481	518	19	interprets	interpret	VERB
cblr-12481	518	20	each	each	PRON
cblr-12481	518	21	of	of	ADP
cblr-12481	518	22	the	the	DET
cblr-12481	518	23	above	above	ADJ
cblr-12481	518	24	claims	claim	NOUN
cblr-12481	518	25	.	.	PUNCT
cblr-12481	519	1	modifying	modify	VERB
cblr-12481	519	2	one	one	NUM
cblr-12481	519	3	or	or	CCONJ
cblr-12481	519	4	more	more	ADJ
cblr-12481	519	5	claims	claim	NOUN
cblr-12481	519	6	has	have	VERB
cblr-12481	519	7	implications	implication	NOUN
cblr-12481	519	8	for	for	ADP
cblr-12481	519	9	the	the	DET
cblr-12481	519	10	overall	overall	ADJ
cblr-12481	519	11	governance	governance	NOUN
cblr-12481	519	12	structure	structure	NOUN
cblr-12481	519	13	.	.	PUNCT
cblr-12481	520	1	for	for	ADP
cblr-12481	520	2	example	example	NOUN
cblr-12481	520	3	,	,	PUNCT
cblr-12481	520	4	if	if	SCONJ
cblr-12481	520	5	a	a	DET
cblr-12481	520	6	proposal	proposal	NOUN
cblr-12481	520	7	indicates	indicate	VERB
cblr-12481	520	8	that	that	SCONJ
cblr-12481	520	9	a	a	DET
cblr-12481	520	10	corporation	corporation	NOUN
cblr-12481	520	11	’s	’s	PART
cblr-12481	520	12	principals	principal	NOUN
cblr-12481	520	13	are	be	AUX
cblr-12481	520	14	its	its	PRON
cblr-12481	520	15	stakeholders	stakeholder	NOUN
cblr-12481	520	16	and	and	CCONJ
cblr-12481	520	17	that	that	SCONJ
cblr-12481	520	18	managers	manager	NOUN
cblr-12481	520	19	are	be	AUX
cblr-12481	520	20	their	their	PRON
cblr-12481	520	21	agents	agent	NOUN
cblr-12481	520	22	,	,	PUNCT
cblr-12481	520	23	then	then	ADV
cblr-12481	520	24	associated	associate	VERB
cblr-12481	520	25	monitoring	monitoring	NOUN
cblr-12481	520	26	and	and	CCONJ
cblr-12481	520	27	bonding	bonding	NOUN
cblr-12481	520	28	mechanisms86	mechanisms86	NOUN
cblr-12481	520	29	should	should	AUX
cblr-12481	520	30	be	be	AUX
cblr-12481	520	31	devised	devise	VERB
cblr-12481	520	32	to	to	PART
cblr-12481	520	33	align	align	VERB
cblr-12481	520	34	stakeholders	stakeholder	NOUN
cblr-12481	520	35	and	and	CCONJ
cblr-12481	520	36	managers	manager	NOUN
cblr-12481	520	37	rather	rather	ADV
cblr-12481	520	38	than	than	ADP
cblr-12481	520	39	shareholders	shareholder	NOUN
cblr-12481	520	40	and	and	CCONJ
cblr-12481	520	41	managers	manager	NOUN
cblr-12481	520	42	.	.	PUNCT
cblr-12481	521	1	when	when	SCONJ
cblr-12481	521	2	governance	governance	NOUN
cblr-12481	521	3	reforms	reform	NOUN
cblr-12481	521	4	fail	fail	VERB
cblr-12481	521	5	to	to	PART
cblr-12481	521	6	account	account	VERB
cblr-12481	521	7	for	for	ADP
cblr-12481	521	8	the	the	DET
cblr-12481	521	9	structural	structural	ADJ
cblr-12481	521	10	consequences	consequence	NOUN
cblr-12481	521	11	of	of	ADP
cblr-12481	521	12	revised	revise	VERB
cblr-12481	521	13	premises	premise	NOUN
cblr-12481	521	14	,	,	PUNCT
cblr-12481	521	15	they	they	PRON
cblr-12481	521	16	generate	generate	VERB
cblr-12481	521	17	inefficiencies	inefficiency	NOUN
cblr-12481	521	18	and	and	CCONJ
cblr-12481	521	19	unaccountable	unaccountable	ADJ
cblr-12481	521	20	power.87	power.87	NOUN
cblr-12481	521	21	for	for	ADP
cblr-12481	521	22	example	example	NOUN
cblr-12481	521	23	,	,	PUNCT
cblr-12481	521	24	stakeholder	stakeholder	NOUN
cblr-12481	521	25	constituency	constituency	NOUN
cblr-12481	521	26	statutes	statute	NOUN
cblr-12481	521	27	in	in	ADP
cblr-12481	521	28	more	more	ADJ
cblr-12481	521	29	than	than	ADP
cblr-12481	521	30	thirty	thirty	NUM
cblr-12481	521	31	states	state	NOUN
cblr-12481	521	32	allow	allow	VERB
cblr-12481	521	33	managers	manager	NOUN
cblr-12481	521	34	to	to	PART
cblr-12481	521	35	take	take	VERB
cblr-12481	521	36	stakeholder	stakeholder	NOUN
cblr-12481	521	37	interests	interest	NOUN
cblr-12481	521	38	into	into	ADP
cblr-12481	521	39	account	account	NOUN
cblr-12481	521	40	in	in	ADP
cblr-12481	521	41	the	the	DET
cblr-12481	521	42	context	context	NOUN
cblr-12481	521	43	of	of	ADP
cblr-12481	521	44	a	a	DET
cblr-12481	521	45	takeover.88	takeover.88	PROPN
cblr-12481	521	46	they	they	PRON
cblr-12481	521	47	substitute	substitute	VERB
cblr-12481	521	48	shareholder	shareholder	NOUN
cblr-12481	521	49	principals	principal	NOUN
cblr-12481	521	50	with	with	ADP
cblr-12481	521	51	stakeholders	stakeholder	NOUN
cblr-12481	521	52	,	,	PUNCT
cblr-12481	521	53	but	but	CCONJ
cblr-12481	521	54	do	do	AUX
cblr-12481	521	55	not	not	PART
cblr-12481	521	56	modify	modify	VERB
cblr-12481	521	57	bonding	bonding	NOUN
cblr-12481	521	58	or	or	CCONJ
cblr-12481	521	59	monitoring	monitor	VERB
cblr-12481	521	60	mechanisms	mechanism	NOUN
cblr-12481	521	61	to	to	PART
cblr-12481	521	62	account	account	VERB
cblr-12481	521	63	for	for	ADP
cblr-12481	521	64	this	this	DET
cblr-12481	521	65	change	change	NOUN
cblr-12481	521	66	.	.	PUNCT
cblr-12481	522	1	it	it	PRON
cblr-12481	522	2	comes	come	VERB
cblr-12481	522	3	as	as	ADP
cblr-12481	522	4	no	no	DET
cblr-12481	522	5	surprise	surprise	NOUN
cblr-12481	522	6	then	then	ADV
cblr-12481	522	7	that	that	SCONJ
cblr-12481	522	8	empirical	empirical	ADJ
cblr-12481	522	9	analysis	analysis	NOUN
cblr-12481	522	10	finds	find	VERB
cblr-12481	522	11	managerial	managerial	ADJ
cblr-12481	522	12	agents	agent	NOUN
cblr-12481	522	13	failing	fail	VERB
cblr-12481	522	14	to	to	ADP
cblr-12481	522	15	86	86	NUM
cblr-12481	522	16	see	see	VERB
cblr-12481	522	17	michael	michael	PROPN
cblr-12481	522	18	c.	c.	PROPN
cblr-12481	522	19	jensen	jensen	PROPN
cblr-12481	522	20	&	&	CCONJ
cblr-12481	522	21	william	william	PROPN
cblr-12481	522	22	h.	h.	PROPN
cblr-12481	522	23	meckling	meckling	PROPN
cblr-12481	522	24	,	,	PUNCT
cblr-12481	522	25	theory	theory	NOUN
cblr-12481	522	26	of	of	ADP
cblr-12481	522	27	the	the	DET
cblr-12481	522	28	firm	firm	NOUN
cblr-12481	522	29	:	:	PUNCT
cblr-12481	522	30	managerial	managerial	ADJ
cblr-12481	522	31	behavior	behavior	NOUN
cblr-12481	522	32	,	,	PUNCT
cblr-12481	522	33	agency	agency	NOUN
cblr-12481	522	34	costs	cost	NOUN
cblr-12481	522	35	and	and	CCONJ
cblr-12481	522	36	ownership	ownership	NOUN
cblr-12481	522	37	structure	structure	NOUN
cblr-12481	522	38	,	,	PUNCT
cblr-12481	522	39	3	3	NUM
cblr-12481	522	40	j.	j.	PROPN
cblr-12481	522	41	fin	fin	PROPN
cblr-12481	522	42	.	.	PUNCT
cblr-12481	523	1	econ	econ	PROPN
cblr-12481	523	2	.	.	PUNCT
cblr-12481	524	1	305	305	NUM
cblr-12481	524	2	,	,	PUNCT
cblr-12481	524	3	308	308	NUM
cblr-12481	524	4	(	(	PUNCT
cblr-12481	524	5	1976	1976	NUM
cblr-12481	524	6	)	)	PUNCT
cblr-12481	524	7	.	.	PUNCT
cblr-12481	525	1	bonding	bonding	NOUN
cblr-12481	525	2	and	and	CCONJ
cblr-12481	525	3	monitoring	monitoring	NOUN
cblr-12481	525	4	mechanisms	mechanism	NOUN
cblr-12481	525	5	refer	refer	VERB
cblr-12481	525	6	to	to	ADP
cblr-12481	525	7	the	the	DET
cblr-12481	525	8	mechanisms	mechanism	NOUN
cblr-12481	525	9	that	that	PRON
cblr-12481	525	10	can	can	AUX
cblr-12481	525	11	limit	limit	VERB
cblr-12481	525	12	divergences	divergence	NOUN
cblr-12481	525	13	from	from	ADP
cblr-12481	525	14	principals	principal	NOUN
cblr-12481	525	15	’	’	PART
cblr-12481	525	16	interest	interest	NOUN
cblr-12481	525	17	.	.	PUNCT
cblr-12481	526	1	bonding	bonding	NOUN
cblr-12481	526	2	costs	cost	NOUN
cblr-12481	526	3	refer	refer	VERB
cblr-12481	526	4	to	to	ADP
cblr-12481	526	5	resources	resource	NOUN
cblr-12481	526	6	that	that	SCONJ
cblr-12481	526	7	principals	principal	NOUN
cblr-12481	526	8	will	will	AUX
cblr-12481	526	9	pay	pay	VERB
cblr-12481	526	10	an	an	DET
cblr-12481	526	11	agent	agent	NOUN
cblr-12481	526	12	to	to	PART
cblr-12481	526	13	“	"	PUNCT
cblr-12481	526	14	guarantee	guarantee	VERB
cblr-12481	526	15	that	that	SCONJ
cblr-12481	526	16	he	he	PRON
cblr-12481	526	17	will	will	AUX
cblr-12481	526	18	not	not	PART
cblr-12481	526	19	take	take	VERB
cblr-12481	526	20	certain	certain	ADJ
cblr-12481	526	21	actions	action	NOUN
cblr-12481	526	22	which	which	PRON
cblr-12481	526	23	would	would	AUX
cblr-12481	526	24	harm	harm	VERB
cblr-12481	526	25	the	the	DET
cblr-12481	526	26	principal	principal	NOUN
cblr-12481	526	27	or	or	CCONJ
cblr-12481	526	28	to	to	PART
cblr-12481	526	29	ensure	ensure	VERB
cblr-12481	526	30	that	that	SCONJ
cblr-12481	526	31	the	the	DET
cblr-12481	526	32	principal	principal	NOUN
cblr-12481	526	33	will	will	AUX
cblr-12481	526	34	be	be	AUX
cblr-12481	526	35	compensated	compensate	VERB
cblr-12481	526	36	if	if	SCONJ
cblr-12481	526	37	he	he	PRON
cblr-12481	526	38	does	do	AUX
cblr-12481	526	39	take	take	VERB
cblr-12481	526	40	such	such	ADJ
cblr-12481	526	41	actions	action	NOUN
cblr-12481	526	42	”	"	PUNCT
cblr-12481	526	43	while	while	SCONJ
cblr-12481	526	44	monitoring	monitoring	NOUN
cblr-12481	526	45	costs	cost	NOUN
cblr-12481	526	46	are	be	AUX
cblr-12481	526	47	“	"	PUNCT
cblr-12481	526	48	designed	design	VERB
cblr-12481	526	49	to	to	PART
cblr-12481	526	50	limit	limit	VERB
cblr-12481	526	51	the	the	DET
cblr-12481	526	52	aberrant	aberrant	ADJ
cblr-12481	526	53	activities	activity	NOUN
cblr-12481	526	54	of	of	ADP
cblr-12481	526	55	the	the	DET
cblr-12481	526	56	agent	agent	NOUN
cblr-12481	526	57	.	.	PUNCT
cblr-12481	526	58	”	"	PUNCT
cblr-12481	527	1	i	i	PRON
cblr-12481	527	2	d.	d.	PROPN
cblr-12481	527	3	87	87	NUM
cblr-12481	527	4	see	see	VERB
cblr-12481	527	5	generally	generally	ADV
cblr-12481	527	6	armour	armour	VERB
cblr-12481	527	7	et	et	PROPN
cblr-12481	527	8	al	al	PROPN
cblr-12481	527	9	.	.	PROPN
cblr-12481	527	10	,	,	PUNCT
cblr-12481	527	11	supra	supra	PROPN
cblr-12481	527	12	note	note	VERB
cblr-12481	527	13	73	73	NUM
cblr-12481	527	14	.	.	PUNCT
cblr-12481	528	1	88	88	NUM
cblr-12481	528	2	see	see	VERB
cblr-12481	528	3	lucian	lucian	PROPN
cblr-12481	528	4	a.	a.	PROPN
cblr-12481	528	5	bebchuk	bebchuk	PROPN
cblr-12481	528	6	,	,	PUNCT
cblr-12481	528	7	kobi	kobi	PROPN
cblr-12481	528	8	kastiel	kastiel	PROPN
cblr-12481	528	9	&	&	CCONJ
cblr-12481	528	10	roberto	roberto	PROPN
cblr-12481	528	11	tallarita	tallarita	PROPN
cblr-12481	528	12	,	,	PUNCT
cblr-12481	528	13	for	for	ADP
cblr-12481	528	14	whom	whom	PRON
cblr-12481	528	15	corporate	corporate	ADJ
cblr-12481	528	16	leaders	leader	NOUN
cblr-12481	528	17	bargain	bargain	VERB
cblr-12481	528	18	,	,	PUNCT
cblr-12481	528	19	94	94	NUM
cblr-12481	528	20	s.	s.	PROPN
cblr-12481	528	21	cal	cal	PROPN
cblr-12481	528	22	.	.	PUNCT
cblr-12481	529	1	l.	l.	PROPN
cblr-12481	529	2	rev	rev	PROPN
cblr-12481	529	3	.	.	PROPN
cblr-12481	529	4	1467	1467	NUM
cblr-12481	529	5	,	,	PUNCT
cblr-12481	529	6	1489	1489	NUM
cblr-12481	529	7	(	(	PUNCT
cblr-12481	529	8	2021	2021	NUM
cblr-12481	529	9	)	)	PUNCT
cblr-12481	529	10	.	.	PUNCT
cblr-12481	530	1	no	no	INTJ
cblr-12481	530	2	.	.	NOUN
cblr-12481	531	1	2	2	NUM
cblr-12481	531	2	]	]	X
cblr-12481	531	3	corporate	corporate	ADJ
cblr-12481	531	4	technocracy	technocracy	NOUN
cblr-12481	531	5	859	859	NUM
cblr-12481	531	6	deliver	deliver	VERB
cblr-12481	531	7	on	on	ADP
cblr-12481	531	8	the	the	DET
cblr-12481	531	9	interests	interest	NOUN
cblr-12481	531	10	of	of	ADP
cblr-12481	531	11	stakeholder	stakeholder	NOUN
cblr-12481	531	12	principals.89	principals.89	NOUN
cblr-12481	531	13	substituting	substitute	VERB
cblr-12481	531	14	principals	principal	NOUN
cblr-12481	531	15	requires	require	VERB
cblr-12481	531	16	revised	revise	VERB
cblr-12481	531	17	bonding	bonding	NOUN
cblr-12481	531	18	and	and	CCONJ
cblr-12481	531	19	monitoring	monitoring	NOUN
cblr-12481	531	20	mechanisms	mechanism	NOUN
cblr-12481	531	21	that	that	PRON
cblr-12481	531	22	reflect	reflect	VERB
cblr-12481	531	23	the	the	DET
cblr-12481	531	24	new	new	ADJ
cblr-12481	531	25	agency	agency	NOUN
cblr-12481	531	26	relationship	relationship	NOUN
cblr-12481	531	27	.	.	PUNCT
cblr-12481	532	1	b.	b.	PROPN
cblr-12481	532	2	shareholder	shareholder	PROPN
cblr-12481	532	3	democracy	democracy	PROPN
cblr-12481	532	4	’s	’s	PART
cblr-12481	532	5	agency	agency	NOUN
cblr-12481	532	6	challenges	challenge	VERB
cblr-12481	532	7	esg	esg	NOUN
cblr-12481	532	8	governance	governance	NOUN
cblr-12481	532	9	in	in	ADP
cblr-12481	532	10	the	the	DET
cblr-12481	532	11	form	form	NOUN
cblr-12481	532	12	of	of	ADP
cblr-12481	532	13	shareholder	shareholder	NOUN
cblr-12481	532	14	democracy	democracy	NOUN
cblr-12481	532	15	relies	rely	VERB
cblr-12481	532	16	on	on	ADP
cblr-12481	532	17	expanding	expand	VERB
cblr-12481	532	18	shareholder	shareholder	NOUN
cblr-12481	532	19	power	power	NOUN
cblr-12481	532	20	through	through	ADP
cblr-12481	532	21	direct	direct	ADJ
cblr-12481	532	22	engagement	engagement	NOUN
cblr-12481	532	23	.	.	PUNCT
cblr-12481	533	1	shareholder	shareholder	NOUN
cblr-12481	533	2	democracy	democracy	NOUN
cblr-12481	533	3	introduces	introduce	VERB
cblr-12481	533	4	both	both	PRON
cblr-12481	533	5	agency	agency	NOUN
cblr-12481	533	6	costs	cost	NOUN
cblr-12481	533	7	and	and	CCONJ
cblr-12481	533	8	coordination	coordination	NOUN
cblr-12481	533	9	costs	cost	NOUN
cblr-12481	533	10	.	.	PUNCT
cblr-12481	534	1	at	at	ADP
cblr-12481	534	2	a	a	DET
cblr-12481	534	3	first	first	ADJ
cblr-12481	534	4	level	level	NOUN
cblr-12481	534	5	,	,	PUNCT
cblr-12481	534	6	there	there	PRON
cblr-12481	534	7	are	be	VERB
cblr-12481	534	8	agency	agency	NOUN
cblr-12481	534	9	costs	cost	NOUN
cblr-12481	534	10	between	between	ADP
cblr-12481	534	11	stakeholders	stakeholder	NOUN
cblr-12481	534	12	and	and	CCONJ
cblr-12481	534	13	their	their	PRON
cblr-12481	534	14	sponsors	sponsor	NOUN
cblr-12481	534	15	.	.	PUNCT
cblr-12481	535	1	at	at	ADP
cblr-12481	535	2	a	a	DET
cblr-12481	535	3	second	second	ADJ
cblr-12481	535	4	level	level	NOUN
cblr-12481	535	5	,	,	PUNCT
cblr-12481	535	6	there	there	PRON
cblr-12481	535	7	are	be	VERB
cblr-12481	535	8	coordination	coordination	NOUN
cblr-12481	535	9	costs	cost	NOUN
cblr-12481	535	10	among	among	ADP
cblr-12481	535	11	shareholders	shareholder	NOUN
cblr-12481	535	12	due	due	ADP
cblr-12481	535	13	to	to	ADP
cblr-12481	535	14	a	a	DET
cblr-12481	535	15	plurality	plurality	NOUN
cblr-12481	535	16	of	of	ADP
cblr-12481	535	17	nonpecuniary	nonpecuniary	ADJ
cblr-12481	535	18	objectives	objective	NOUN
cblr-12481	535	19	.	.	PUNCT
cblr-12481	536	1	shareholder	shareholder	NOUN
cblr-12481	536	2	democracy	democracy	NOUN
cblr-12481	536	3	advocates	advocate	NOUN
cblr-12481	536	4	propose	propose	VERB
cblr-12481	536	5	no	no	DET
cblr-12481	536	6	direct	direct	ADJ
cblr-12481	536	7	mechanisms	mechanism	NOUN
cblr-12481	536	8	for	for	ADP
cblr-12481	536	9	stakeholders	stakeholder	NOUN
cblr-12481	536	10	to	to	PART
cblr-12481	536	11	oversee	oversee	VERB
cblr-12481	536	12	their	their	PRON
cblr-12481	536	13	shareholder	shareholder	NOUN
cblr-12481	536	14	agents	agent	NOUN
cblr-12481	536	15	.	.	PUNCT
cblr-12481	537	1	their	their	PRON
cblr-12481	537	2	proposal	proposal	NOUN
cblr-12481	537	3	suffers	suffer	VERB
cblr-12481	537	4	from	from	ADP
cblr-12481	537	5	an	an	DET
cblr-12481	537	6	ambiguous	ambiguous	ADJ
cblr-12481	537	7	account	account	NOUN
cblr-12481	537	8	of	of	ADP
cblr-12481	537	9	principals	principal	NOUN
cblr-12481	537	10	and	and	CCONJ
cblr-12481	537	11	from	from	ADP
cblr-12481	537	12	a	a	DET
cblr-12481	537	13	nested	nested	ADJ
cblr-12481	537	14	agency	agency	NOUN
cblr-12481	537	15	problem	problem	NOUN
cblr-12481	537	16	.	.	PUNCT
cblr-12481	538	1	1	1	X
cblr-12481	538	2	.	.	X
cblr-12481	538	3	direct	direct	ADJ
cblr-12481	538	4	shareholder	shareholder	NOUN
cblr-12481	538	5	democracy	democracy	NOUN
cblr-12481	538	6	one	one	NUM
cblr-12481	538	7	related	relate	VERB
cblr-12481	538	8	reform	reform	NOUN
cblr-12481	538	9	seeks	seek	VERB
cblr-12481	538	10	to	to	PART
cblr-12481	538	11	liberalize	liberalize	VERB
cblr-12481	538	12	the	the	DET
cblr-12481	538	13	shareholder	shareholder	NOUN
cblr-12481	538	14	proposal	proposal	NOUN
cblr-12481	538	15	rule	rule	NOUN
cblr-12481	538	16	,	,	PUNCT
cblr-12481	538	17	sec	sec	PROPN
cblr-12481	538	18	rule	rule	NOUN
cblr-12481	538	19	14a-8	14a-8	NUM
cblr-12481	538	20	,	,	PUNCT
cblr-12481	538	21	to	to	PART
cblr-12481	538	22	give	give	VERB
cblr-12481	538	23	shareholders	shareholder	NOUN
cblr-12481	538	24	a	a	DET
cblr-12481	538	25	greater	great	ADJ
cblr-12481	538	26	role	role	NOUN
cblr-12481	538	27	in	in	ADP
cblr-12481	538	28	defining	define	VERB
cblr-12481	538	29	corporate	corporate	ADJ
cblr-12481	538	30	esg	esg	PROPN
cblr-12481	538	31	agenda.90	agenda.90	PROPN
cblr-12481	538	32	other	other	ADJ
cblr-12481	538	33	proposed	propose	VERB
cblr-12481	538	34	reforms	reform	NOUN
cblr-12481	538	35	include	include	VERB
cblr-12481	538	36	liberalizing	liberalize	VERB
cblr-12481	538	37	proxy	proxy	NOUN
cblr-12481	538	38	voting	voting	NOUN
cblr-12481	538	39	and	and	CCONJ
cblr-12481	538	40	other	other	ADJ
cblr-12481	538	41	measures	measure	NOUN
cblr-12481	538	42	that	that	PRON
cblr-12481	538	43	give	give	VERB
cblr-12481	538	44	shareholders	shareholder	NOUN
cblr-12481	538	45	and	and	CCONJ
cblr-12481	538	46	asset	asset	NOUN
cblr-12481	538	47	managers	manager	NOUN
cblr-12481	538	48	greater	great	ADJ
cblr-12481	538	49	power	power	NOUN
cblr-12481	538	50	to	to	PART
cblr-12481	538	51	pressure	pressure	VERB
cblr-12481	538	52	corporate	corporate	ADJ
cblr-12481	538	53	managers.91	managers.91	NOUN
cblr-12481	538	54	as	as	SCONJ
cblr-12481	538	55	shareholders	shareholder	NOUN
cblr-12481	538	56	increasingly	increasingly	ADV
cblr-12481	538	57	engage	engage	VERB
cblr-12481	538	58	in	in	ADP
cblr-12481	538	59	socially	socially	ADV
cblr-12481	538	60	motivated	motivated	ADJ
cblr-12481	538	61	proxy	proxy	NOUN
cblr-12481	538	62	contests	contest	NOUN
cblr-12481	538	63	,	,	PUNCT
cblr-12481	538	64	managers	manager	NOUN
cblr-12481	538	65	have	have	VERB
cblr-12481	538	66	to	to	PART
cblr-12481	538	67	divert	divert	VERB
cblr-12481	538	68	more	more	ADJ
cblr-12481	538	69	resources	resource	NOUN
cblr-12481	538	70	to	to	PART
cblr-12481	538	71	defend	defend	VERB
cblr-12481	538	72	against	against	ADP
cblr-12481	538	73	them	they	PRON
cblr-12481	538	74	—	—	PUNCT
cblr-12481	538	75	in	in	ADP
cblr-12481	538	76	turn	turn	NOUN
cblr-12481	538	77	generating	generate	VERB
cblr-12481	538	78	costs	cost	NOUN
cblr-12481	538	79	for	for	ADP
cblr-12481	538	80	all	all	DET
cblr-12481	538	81	shareholders	shareholder	NOUN
cblr-12481	538	82	.	.	PUNCT
cblr-12481	539	1	if	if	SCONJ
cblr-12481	539	2	,	,	PUNCT
cblr-12481	539	3	as	as	ADP
cblr-12481	539	4	in	in	ADP
cblr-12481	539	5	the	the	DET
cblr-12481	539	6	case	case	NOUN
cblr-12481	539	7	of	of	ADP
cblr-12481	539	8	engine	engine	NOUN
cblr-12481	539	9	no	no	NOUN
cblr-12481	539	10	.	.	NOUN
cblr-12481	539	11	1	1	NUM
cblr-12481	539	12	’s	’s	PART
cblr-12481	539	13	campaign	campaign	NOUN
cblr-12481	539	14	,	,	PUNCT
cblr-12481	539	15	an	an	DET
cblr-12481	539	16	esg	esg	NOUN
cblr-12481	539	17	objective	objective	NOUN
cblr-12481	539	18	is	be	AUX
cblr-12481	539	19	underwritten	underwrite	VERB
cblr-12481	539	20	by	by	ADP
cblr-12481	539	21	a	a	DET
cblr-12481	539	22	pecuniary	pecuniary	ADJ
cblr-12481	539	23	logic	logic	NOUN
cblr-12481	539	24	,	,	PUNCT
cblr-12481	539	25	then	then	ADV
cblr-12481	539	26	these	these	DET
cblr-12481	539	27	costs	cost	NOUN
cblr-12481	539	28	can	can	AUX
cblr-12481	539	29	be	be	AUX
cblr-12481	539	30	justified	justify	VERB
cblr-12481	539	31	as	as	ADP
cblr-12481	539	32	promoting	promote	VERB
cblr-12481	539	33	shareholder	shareholder	NOUN
cblr-12481	539	34	welfare	welfare	NOUN
cblr-12481	539	35	in	in	ADP
cblr-12481	539	36	the	the	DET
cblr-12481	539	37	long	long	ADJ
cblr-12481	539	38	run	run	NOUN
cblr-12481	539	39	.	.	PUNCT
cblr-12481	540	1	if	if	SCONJ
cblr-12481	540	2	,	,	PUNCT
cblr-12481	540	3	however	however	ADV
cblr-12481	540	4	,	,	PUNCT
cblr-12481	540	5	an	an	DET
cblr-12481	540	6	esg	esg	NOUN
cblr-12481	540	7	objective	objective	NOUN
cblr-12481	540	8	is	be	AUX
cblr-12481	540	9	purely	purely	ADV
cblr-12481	540	10	idiosyncratic	idiosyncratic	ADJ
cblr-12481	540	11	and	and	CCONJ
cblr-12481	540	12	expressive	expressive	ADJ
cblr-12481	540	13	with	with	ADP
cblr-12481	540	14	no	no	DET
cblr-12481	540	15	overt	overt	ADJ
cblr-12481	540	16	pecuniary	pecuniary	ADJ
cblr-12481	540	17	rationale	rationale	NOUN
cblr-12481	540	18	,	,	PUNCT
cblr-12481	540	19	then	then	ADV
cblr-12481	540	20	these	these	PRON
cblr-12481	540	21	costs	cost	VERB
cblr-12481	540	22	89	89	NUM
cblr-12481	540	23	i	i	PRON
cblr-12481	540	24	d.	d.	PROPN
cblr-12481	540	25	at	at	ADP
cblr-12481	540	26	1524–25	1524–25	NUM
cblr-12481	540	27	.	.	PUNCT
cblr-12481	541	1	90	90	NUM
cblr-12481	541	2	sec	sec	PROPN
cblr-12481	541	3	legal	legal	ADJ
cblr-12481	541	4	bulletin	bulletin	NOUN
cblr-12481	541	5	,	,	PUNCT
cblr-12481	541	6	supra	supra	PROPN
cblr-12481	541	7	note	note	NOUN
cblr-12481	541	8	66	66	NUM
cblr-12481	541	9	.	.	PUNCT
cblr-12481	542	1	91	91	NUM
cblr-12481	542	2	kai	kai	PROPN
cblr-12481	542	3	liekefett	liekefett	NOUN
cblr-12481	542	4	,	,	PUNCT
cblr-12481	542	5	derek	derek	PROPN
cblr-12481	542	6	zaba	zaba	PROPN
cblr-12481	542	7	&	&	CCONJ
cblr-12481	542	8	leonard	leonard	PROPN
cblr-12481	542	9	wood	wood	PROPN
cblr-12481	542	10	,	,	PUNCT
cblr-12481	542	11	welcoming	welcome	VERB
cblr-12481	542	12	the	the	DET
cblr-12481	542	13	universal	universal	ADJ
cblr-12481	542	14	proxy	proxy	NOUN
cblr-12481	542	15	,	,	PUNCT
cblr-12481	542	16	harv	harv	PROPN
cblr-12481	542	17	.	.	PUNCT
cblr-12481	543	1	l.	l.	PROPN
cblr-12481	543	2	sch	sch	PROPN
cblr-12481	543	3	.	.	PUNCT
cblr-12481	544	1	for	for	ADP
cblr-12481	544	2	.	.	PUNCT
cblr-12481	545	1	on	on	ADP
cblr-12481	545	2	corp	corp	PROPN
cblr-12481	545	3	.	.	PROPN
cblr-12481	545	4	governance	governance	PROPN
cblr-12481	545	5	(	(	PUNCT
cblr-12481	545	6	aug	aug	PROPN
cblr-12481	545	7	.	.	PROPN
cblr-12481	545	8	8	8	NUM
cblr-12481	545	9	,	,	PUNCT
cblr-12481	545	10	2022	2022	NUM
cblr-12481	545	11	)	)	PUNCT
cblr-12481	546	1	https://corpgov.law.harvard.edu/2022/08/08/welcoming-the-universalproxy/	https://corpgov.law.harvard.edu/2022/08/08/welcoming-the-universalproxy/	PROPN
cblr-12481	547	1	[	[	X
cblr-12481	547	2	https://perma.cc/udb2-3suc	https://perma.cc/udb2-3suc	X
cblr-12481	547	3	]	]	PUNCT
cblr-12481	547	4	.	.	PUNCT
cblr-12481	548	1	860	860	NUM
cblr-12481	548	2	columbia	columbia	PROPN
cblr-12481	548	3	business	business	NOUN
cblr-12481	548	4	law	law	PROPN
cblr-12481	548	5	review	review	NOUN
cblr-12481	548	6	[	[	X
cblr-12481	548	7	vol	vol	NOUN
cblr-12481	548	8	.	.	PUNCT
cblr-12481	548	9	2023	2023	NUM
cblr-12481	548	10	do	do	AUX
cblr-12481	548	11	not	not	PART
cblr-12481	548	12	benefit	benefit	VERB
cblr-12481	548	13	all	all	DET
cblr-12481	548	14	shareholders	shareholder	NOUN
cblr-12481	548	15	in	in	ADP
cblr-12481	548	16	the	the	DET
cblr-12481	548	17	long	long	ADJ
cblr-12481	548	18	run	run	NOUN
cblr-12481	548	19	.	.	PUNCT
cblr-12481	549	1	as	as	SCONJ
cblr-12481	549	2	managers	manager	NOUN
cblr-12481	549	3	expend	expend	VERB
cblr-12481	549	4	resources	resource	NOUN
cblr-12481	549	5	responding	respond	VERB
cblr-12481	549	6	to	to	ADP
cblr-12481	549	7	niche	niche	NOUN
cblr-12481	549	8	agendas	agenda	NOUN
cblr-12481	549	9	,	,	PUNCT
cblr-12481	549	10	some	some	DET
cblr-12481	549	11	shareholders	shareholder	NOUN
cblr-12481	549	12	are	be	AUX
cblr-12481	549	13	taxed	tax	VERB
cblr-12481	549	14	to	to	PART
cblr-12481	549	15	advance	advance	VERB
cblr-12481	549	16	the	the	DET
cblr-12481	549	17	expressive	expressive	ADJ
cblr-12481	549	18	preferences	preference	NOUN
cblr-12481	549	19	of	of	ADP
cblr-12481	549	20	other	other	ADJ
cblr-12481	549	21	shareholders	shareholder	NOUN
cblr-12481	549	22	.	.	PUNCT
cblr-12481	550	1	one	one	NUM
cblr-12481	550	2	example	example	NOUN
cblr-12481	550	3	is	be	AUX
cblr-12481	550	4	the	the	DET
cblr-12481	550	5	proxy	proxy	NOUN
cblr-12481	550	6	campaign	campaign	NOUN
cblr-12481	550	7	waged	wage	VERB
cblr-12481	550	8	by	by	ADP
cblr-12481	550	9	carl	carl	PROPN
cblr-12481	550	10	icahn	icahn	PROPN
cblr-12481	550	11	in	in	ADP
cblr-12481	550	12	support	support	NOUN
cblr-12481	550	13	of	of	ADP
cblr-12481	550	14	animal	animal	NOUN
cblr-12481	550	15	welfare	welfare	NOUN
cblr-12481	550	16	rights	right	NOUN
cblr-12481	550	17	in	in	ADP
cblr-12481	550	18	early	early	ADJ
cblr-12481	550	19	2022	2022	NUM
cblr-12481	550	20	.	.	PUNCT
cblr-12481	551	1	icahn	icahn	PROPN
cblr-12481	551	2	waged	wage	VERB
cblr-12481	551	3	a	a	DET
cblr-12481	551	4	proxy	proxy	NOUN
cblr-12481	551	5	contest	contest	NOUN
cblr-12481	551	6	against	against	ADP
cblr-12481	551	7	mcdonald	mcdonald	PROPN
cblr-12481	551	8	’s	’s	PROPN
cblr-12481	551	9	board	board	PROPN
cblr-12481	551	10	due	due	ADP
cblr-12481	551	11	to	to	ADP
cblr-12481	551	12	its	its	PRON
cblr-12481	551	13	failure	failure	NOUN
cblr-12481	551	14	to	to	PART
cblr-12481	551	15	deliver	deliver	VERB
cblr-12481	551	16	on	on	ADP
cblr-12481	551	17	a	a	DET
cblr-12481	551	18	commitment	commitment	NOUN
cblr-12481	551	19	to	to	PART
cblr-12481	551	20	end	end	VERB
cblr-12481	551	21	the	the	DET
cblr-12481	551	22	use	use	NOUN
cblr-12481	551	23	of	of	ADP
cblr-12481	551	24	gestation	gestation	NOUN
cblr-12481	551	25	crates	crate	NOUN
cblr-12481	551	26	for	for	ADP
cblr-12481	551	27	pregnant	pregnant	ADJ
cblr-12481	551	28	sows.92	sows.92	NOUN
cblr-12481	551	29	icahn	icahn	PROPN
cblr-12481	551	30	only	only	ADV
cblr-12481	551	31	owned	own	VERB
cblr-12481	551	32	roughly	roughly	ADV
cblr-12481	551	33	200	200	NUM
cblr-12481	551	34	shares	share	NOUN
cblr-12481	551	35	of	of	ADP
cblr-12481	551	36	the	the	DET
cblr-12481	551	37	company	company	NOUN
cblr-12481	551	38	’s	’s	PART
cblr-12481	551	39	then	then	ADV
cblr-12481	551	40	744	744	NUM
cblr-12481	551	41	million	million	NUM
cblr-12481	551	42	shares,93	shares,93	NOUN
cblr-12481	551	43	and	and	CCONJ
cblr-12481	551	44	he	he	PRON
cblr-12481	551	45	nominated	nominate	VERB
cblr-12481	551	46	two	two	NUM
cblr-12481	551	47	members	member	NOUN
cblr-12481	551	48	to	to	ADP
cblr-12481	551	49	mcdonald	mcdonald	PROPN
cblr-12481	551	50	’s	’s	PART
cblr-12481	551	51	board94	board94	NOUN
cblr-12481	551	52	with	with	ADP
cblr-12481	551	53	the	the	DET
cblr-12481	551	54	express	express	ADJ
cblr-12481	551	55	aim	aim	NOUN
cblr-12481	551	56	of	of	ADP
cblr-12481	551	57	advancing	advance	VERB
cblr-12481	551	58	a	a	DET
cblr-12481	551	59	nonpecuniary	nonpecuniary	ADJ
cblr-12481	551	60	objective	objective	NOUN
cblr-12481	551	61	.	.	PUNCT
cblr-12481	552	1	mcdonald	mcdonald	PROPN
cblr-12481	552	2	’s	’s	PROPN
cblr-12481	552	3	spent	spend	VERB
cblr-12481	552	4	an	an	DET
cblr-12481	552	5	estimated	estimate	VERB
cblr-12481	552	6	$	$	SYM
cblr-12481	552	7	16	16	NUM
cblr-12481	552	8	million	million	NUM
cblr-12481	552	9	defending	defend	VERB
cblr-12481	552	10	against	against	ADP
cblr-12481	552	11	carl	carl	PROPN
cblr-12481	552	12	icahn	icahn	PROPN
cblr-12481	552	13	’s	’s	PART
cblr-12481	552	14	animal	animal	NOUN
cblr-12481	552	15	-	-	PUNCT
cblr-12481	552	16	welfare	welfare	NOUN
cblr-12481	552	17	motivated	motivated	ADJ
cblr-12481	552	18	proxy	proxy	NOUN
cblr-12481	552	19	contest.95	contest.95	NOUN
cblr-12481	552	20	it	it	PRON
cblr-12481	552	21	is	be	AUX
cblr-12481	552	22	worth	worth	ADJ
cblr-12481	552	23	noting	note	VERB
cblr-12481	552	24	that	that	SCONJ
cblr-12481	552	25	shareholder	shareholder	NOUN
cblr-12481	552	26	democracy	democracy	NOUN
cblr-12481	552	27	does	do	AUX
cblr-12481	552	28	not	not	PART
cblr-12481	552	29	have	have	VERB
cblr-12481	552	30	inherent	inherent	ADJ
cblr-12481	552	31	social	social	ADJ
cblr-12481	552	32	or	or	CCONJ
cblr-12481	552	33	political	political	ADJ
cblr-12481	552	34	valence	valence	NOUN
cblr-12481	552	35	—	—	PUNCT
cblr-12481	552	36	it	it	PRON
cblr-12481	552	37	is	be	AUX
cblr-12481	552	38	not	not	PART
cblr-12481	552	39	inherently	inherently	ADV
cblr-12481	552	40	“	"	PUNCT
cblr-12481	552	41	woke	wake	VERB
cblr-12481	552	42	”	"	PUNCT
cblr-12481	552	43	or	or	CCONJ
cblr-12481	552	44	progressive	progressive	ADJ
cblr-12481	552	45	.	.	PUNCT
cblr-12481	553	1	it	it	PRON
cblr-12481	553	2	allows	allow	VERB
cblr-12481	553	3	shareholders	shareholder	NOUN
cblr-12481	553	4	to	to	PART
cblr-12481	553	5	advance	advance	VERB
cblr-12481	553	6	their	their	PRON
cblr-12481	553	7	social	social	ADJ
cblr-12481	553	8	or	or	CCONJ
cblr-12481	553	9	political	political	ADJ
cblr-12481	553	10	preferences	preference	NOUN
cblr-12481	553	11	,	,	PUNCT
cblr-12481	553	12	whatever	whatever	PRON
cblr-12481	553	13	those	those	PRON
cblr-12481	553	14	happen	happen	VERB
cblr-12481	553	15	to	to	PART
cblr-12481	553	16	be	be	AUX
cblr-12481	553	17	.	.	PUNCT
cblr-12481	554	1	today	today	NOUN
cblr-12481	554	2	,	,	PUNCT
cblr-12481	554	3	esg	esg	PROPN
cblr-12481	554	4	’s	’s	PART
cblr-12481	554	5	advocates	advocate	NOUN
cblr-12481	554	6	might	might	AUX
cblr-12481	554	7	strategically	strategically	ADV
cblr-12481	554	8	overlook	overlook	VERB
cblr-12481	554	9	governance	governance	NOUN
cblr-12481	554	10	shortcomings	shortcoming	NOUN
cblr-12481	554	11	of	of	ADP
cblr-12481	554	12	shareholder	shareholder	NOUN
cblr-12481	554	13	democracy	democracy	NOUN
cblr-12481	554	14	because	because	SCONJ
cblr-12481	554	15	of	of	ADP
cblr-12481	554	16	their	their	PRON
cblr-12481	554	17	progressive	progressive	ADJ
cblr-12481	554	18	slant,96	slant,96	NOUN
cblr-12481	554	19	but	but	CCONJ
cblr-12481	554	20	this	this	DET
cblr-12481	554	21	perspective	perspective	NOUN
cblr-12481	554	22	is	be	AUX
cblr-12481	554	23	myopic	myopic	ADJ
cblr-12481	554	24	.	.	PUNCT
cblr-12481	555	1	corporate	corporate	ADJ
cblr-12481	555	2	92	92	NUM
cblr-12481	555	3	cara	cara	NOUN
cblr-12481	555	4	lombardo	lombardo	PROPN
cblr-12481	555	5	,	,	PUNCT
cblr-12481	555	6	relentless	relentless	ADJ
cblr-12481	555	7	wall	wall	PROPN
cblr-12481	555	8	street	street	PROPN
cblr-12481	555	9	billionaire	billionaire	NOUN
cblr-12481	555	10	has	have	VERB
cblr-12481	555	11	a	a	DET
cblr-12481	555	12	secret	secret	ADJ
cblr-12481	555	13	cause	cause	NOUN
cblr-12481	555	14	,	,	PUNCT
cblr-12481	555	15	wall	wall	PROPN
cblr-12481	555	16	st	st	PROPN
cblr-12481	555	17	.	.	PROPN
cblr-12481	555	18	j.	j.	PROPN
cblr-12481	555	19	,	,	PUNCT
cblr-12481	555	20	feb	feb	PROPN
cblr-12481	555	21	.	.	PROPN
cblr-12481	555	22	8	8	NUM
cblr-12481	555	23	,	,	PUNCT
cblr-12481	555	24	2022	2022	NUM
cblr-12481	555	25	,	,	PUNCT
cblr-12481	555	26	https://www.wsj.com/articles/carl-icahnmcdonalds-pigs-gestation-crates-11644335198	https://www.wsj.com/articles/carl-icahnmcdonalds-pigs-gestation-crates-11644335198	PROPN
cblr-12481	556	1	[	[	X
cblr-12481	556	2	on	on	ADP
cblr-12481	556	3	file	file	NOUN
cblr-12481	556	4	with	with	ADP
cblr-12481	556	5	the	the	DET
cblr-12481	556	6	columbia	columbia	PROPN
cblr-12481	556	7	business	business	PROPN
cblr-12481	556	8	law	law	PROPN
cblr-12481	556	9	review	review	PROPN
cblr-12481	556	10	]	]	PUNCT
cblr-12481	556	11	.	.	PUNCT
cblr-12481	557	1	93	93	NUM
cblr-12481	557	2	see	see	VERB
cblr-12481	557	3	number	number	NOUN
cblr-12481	557	4	of	of	ADP
cblr-12481	557	5	shares	share	NOUN
cblr-12481	557	6	outstanding	outstanding	ADJ
cblr-12481	557	7	for	for	ADP
cblr-12481	557	8	mcdonald	mcdonald	PROPN
cblr-12481	557	9	(	(	PUNCT
cblr-12481	557	10	mcd	mcd	PROPN
cblr-12481	557	11	)	)	PUNCT
cblr-12481	557	12	,	,	PUNCT
cblr-12481	557	13	companiesmarketcap	companiesmarketcap	NOUN
cblr-12481	557	14	,	,	PUNCT
cblr-12481	557	15	https://companiesmarketcap.com/mcdonald/shares-outstanding/#:~:text=number%20of%20shares%20outstanding%20as,company%20had%20727%2c200%2c000%20shares%20outstanding	https://companiesmarketcap.com/mcdonald/shares-outstanding/#:~:text=number%20of%20shares%20outstanding%20as,company%20had%20727%2c200%2c000%20shares%20outstanding	PROPN
cblr-12481	557	16	[	[	X
cblr-12481	557	17	https://perma.cc/tr2f-p2my	https://perma.cc/tr2f-p2my	X
cblr-12481	557	18	]	]	X
cblr-12481	557	19	(	(	PUNCT
cblr-12481	557	20	last	last	ADV
cblr-12481	557	21	visited	visit	VERB
cblr-12481	557	22	dec	dec	PROPN
cblr-12481	557	23	.	.	PROPN
cblr-12481	557	24	20	20	NUM
cblr-12481	557	25	,	,	PUNCT
cblr-12481	557	26	2023	2023	NUM
cblr-12481	557	27	)	)	PUNCT
cblr-12481	557	28	.	.	PUNCT
cblr-12481	558	1	94	94	NUM
cblr-12481	558	2	cara	cara	PROPN
cblr-12481	558	3	lombardo	lombardo	PROPN
cblr-12481	558	4	,	,	PUNCT
cblr-12481	558	5	carl	carl	PROPN
cblr-12481	558	6	icahn	icahn	PROPN
cblr-12481	558	7	nominates	nominate	VERB
cblr-12481	558	8	two	two	NUM
cblr-12481	558	9	to	to	ADP
cblr-12481	558	10	mcdonald	mcdonald	PROPN
cblr-12481	558	11	’s	’s	PROPN
cblr-12481	558	12	board	board	PROPN
cblr-12481	558	13	,	,	PUNCT
cblr-12481	559	1	wall	wall	PROPN
cblr-12481	559	2	st	st	PROPN
cblr-12481	559	3	.	.	PROPN
cblr-12481	559	4	j.	j.	PROPN
cblr-12481	560	1	(	(	PUNCT
cblr-12481	560	2	feb	feb	PROPN
cblr-12481	560	3	.	.	PROPN
cblr-12481	560	4	20	20	NUM
cblr-12481	560	5	,	,	PUNCT
cblr-12481	560	6	2022	2022	NUM
cblr-12481	560	7	)	)	PUNCT
cblr-12481	560	8	,	,	PUNCT
cblr-12481	561	1	https://www.wsj.com/articles/icahn-nominatestwo-to-mcdonalds-board-sources-say-11645390277	https://www.wsj.com/articles/icahn-nominatestwo-to-mcdonalds-board-sources-say-11645390277	X
cblr-12481	562	1	[	[	X
cblr-12481	562	2	on	on	ADP
cblr-12481	562	3	file	file	NOUN
cblr-12481	562	4	with	with	ADP
cblr-12481	562	5	the	the	DET
cblr-12481	562	6	columbia	columbia	PROPN
cblr-12481	562	7	business	business	PROPN
cblr-12481	562	8	law	law	PROPN
cblr-12481	562	9	review	review	PROPN
cblr-12481	562	10	]	]	PUNCT
cblr-12481	562	11	.	.	PUNCT
cblr-12481	563	1	95	95	NUM
cblr-12481	563	2	amelia	amelia	PROPN
cblr-12481	563	3	lucas	lucas	PROPN
cblr-12481	563	4	,	,	PUNCT
cblr-12481	563	5	carl	carl	PROPN
cblr-12481	563	6	icahn	icahn	PROPN
cblr-12481	563	7	loses	lose	VERB
cblr-12481	563	8	proxy	proxy	ADJ
cblr-12481	563	9	fight	fight	NOUN
cblr-12481	563	10	with	with	ADP
cblr-12481	563	11	mcdonald	mcdonald	PROPN
cblr-12481	563	12	’s	’s	PART
cblr-12481	563	13	over	over	ADP
cblr-12481	563	14	animal	animal	NOUN
cblr-12481	563	15	welfare	welfare	NOUN
cblr-12481	563	16	,	,	PUNCT
cblr-12481	563	17	cnbc	cnbc	PROPN
cblr-12481	563	18	(	(	PUNCT
cblr-12481	563	19	may	may	PROPN
cblr-12481	563	20	26	26	NUM
cblr-12481	563	21	,	,	PUNCT
cblr-12481	563	22	2022	2022	NUM
cblr-12481	563	23	)	)	PUNCT
cblr-12481	563	24	,	,	PUNCT
cblr-12481	563	25	https://www.cnbc.com/2022/05/26/carl-icahn-loses-proxy-fight-with-mcdonalds-over-animal-welfare.html	https://www.cnbc.com/2022/05/26/carl-icahn-loses-proxy-fight-with-mcdonalds-over-animal-welfare.html	VERB
cblr-12481	564	1	[	[	X
cblr-12481	564	2	https://perma.cc/8dl2-fvhy	https://perma.cc/8dl2-fvhy	X
cblr-12481	564	3	]	]	X
cblr-12481	564	4	.	.	PUNCT
cblr-12481	565	1	96	96	NUM
cblr-12481	565	2	see	see	VERB
cblr-12481	565	3	,	,	PUNCT
cblr-12481	565	4	e.g.	e.g.	ADV
cblr-12481	565	5	,	,	PUNCT
cblr-12481	565	6	stephen	stephen	PROPN
cblr-12481	565	7	m.	m.	PROPN
cblr-12481	565	8	bainbridge	bainbridge	PROPN
cblr-12481	565	9	,	,	PUNCT
cblr-12481	565	10	corporate	corporate	ADJ
cblr-12481	565	11	purpose	purpose	NOUN
cblr-12481	565	12	in	in	ADP
cblr-12481	565	13	a	a	DET
cblr-12481	565	14	populist	populist	ADJ
cblr-12481	565	15	era	era	NOUN
cblr-12481	565	16	,	,	PUNCT
cblr-12481	565	17	98	98	NUM
cblr-12481	565	18	neb	neb	PROPN
cblr-12481	565	19	.	.	PUNCT
cblr-12481	565	20	l.	l.	PROPN
cblr-12481	565	21	rev	rev	PROPN
cblr-12481	565	22	.	.	PROPN
cblr-12481	565	23	543	543	NUM
cblr-12481	565	24	,	,	PUNCT
cblr-12481	565	25	573–76	573–76	NOUN
cblr-12481	565	26	(	(	PUNCT
cblr-12481	565	27	2020	2020	NUM
cblr-12481	565	28	)	)	PUNCT
cblr-12481	565	29	(	(	PUNCT
cblr-12481	565	30	noting	note	VERB
cblr-12481	565	31	that	that	SCONJ
cblr-12481	565	32	the	the	DET
cblr-12481	565	33	values	value	NOUN
cblr-12481	565	34	of	of	ADP
cblr-12481	565	35	elites	elite	NOUN
cblr-12481	565	36	and	and	CCONJ
cblr-12481	565	37	no	no	INTJ
cblr-12481	565	38	.	.	NOUN
cblr-12481	565	39	2	2	NUM
cblr-12481	565	40	]	]	X
cblr-12481	565	41	corporate	corporate	ADJ
cblr-12481	565	42	technocracy	technocracy	NOUN
cblr-12481	565	43	861	861	NUM
cblr-12481	565	44	governance	governance	NOUN
cblr-12481	565	45	arrangements	arrangement	NOUN
cblr-12481	565	46	that	that	PRON
cblr-12481	565	47	are	be	AUX
cblr-12481	565	48	used	use	VERB
cblr-12481	565	49	to	to	PART
cblr-12481	565	50	advance	advance	VERB
cblr-12481	565	51	a	a	DET
cblr-12481	565	52	progressive	progressive	ADJ
cblr-12481	565	53	agenda	agenda	NOUN
cblr-12481	565	54	today	today	NOUN
cblr-12481	565	55	,	,	PUNCT
cblr-12481	565	56	through	through	ADP
cblr-12481	565	57	insulated	insulated	ADJ
cblr-12481	565	58	managerial	managerial	ADJ
cblr-12481	565	59	discretion	discretion	NOUN
cblr-12481	565	60	or	or	CCONJ
cblr-12481	565	61	portfolio	portfolio	NOUN
cblr-12481	565	62	regulation	regulation	NOUN
cblr-12481	565	63	by	by	ADP
cblr-12481	565	64	institutional	institutional	ADJ
cblr-12481	565	65	investors	investor	NOUN
cblr-12481	565	66	,	,	PUNCT
cblr-12481	565	67	could	could	AUX
cblr-12481	565	68	conceivably	conceivably	ADV
cblr-12481	565	69	be	be	AUX
cblr-12481	565	70	harnessed	harness	VERB
cblr-12481	565	71	to	to	PART
cblr-12481	565	72	pursue	pursue	VERB
cblr-12481	565	73	prosocial	prosocial	ADJ
cblr-12481	565	74	,	,	PUNCT
cblr-12481	565	75	antisocial	antisocial	ADJ
cblr-12481	565	76	,	,	PUNCT
cblr-12481	565	77	or	or	CCONJ
cblr-12481	565	78	neutral	neutral	ADJ
cblr-12481	565	79	ends	end	NOUN
cblr-12481	565	80	.	.	PUNCT
cblr-12481	566	1	consider	consider	VERB
cblr-12481	566	2	the	the	DET
cblr-12481	566	3	hypothetical	hypothetical	ADJ
cblr-12481	566	4	example	example	NOUN
cblr-12481	566	5	of	of	ADP
cblr-12481	566	6	an	an	DET
cblr-12481	566	7	activist	activist	ADJ
cblr-12481	566	8	shareholder	shareholder	NOUN
cblr-12481	566	9	who	who	PRON
cblr-12481	566	10	seeks	seek	VERB
cblr-12481	566	11	to	to	PART
cblr-12481	566	12	promote	promote	VERB
cblr-12481	566	13	a	a	DET
cblr-12481	566	14	gun	gun	NOUN
cblr-12481	566	15	rights	right	NOUN
cblr-12481	566	16	agenda	agenda	NOUN
cblr-12481	566	17	.	.	PUNCT
cblr-12481	567	1	he	he	PRON
cblr-12481	567	2	might	might	AUX
cblr-12481	567	3	lobby	lobby	VERB
cblr-12481	567	4	retailers	retailer	NOUN
cblr-12481	567	5	,	,	PUNCT
cblr-12481	567	6	like	like	ADP
cblr-12481	567	7	walmart	walmart	PROPN
cblr-12481	567	8	and	and	CCONJ
cblr-12481	567	9	dick	dick	PROPN
cblr-12481	567	10	’s	’s	PART
cblr-12481	567	11	sporting	sporting	NOUN
cblr-12481	567	12	goods	good	NOUN
cblr-12481	567	13	,	,	PUNCT
cblr-12481	567	14	to	to	PART
cblr-12481	567	15	adopt	adopt	VERB
cblr-12481	567	16	retail	retail	ADJ
cblr-12481	567	17	decisions	decision	NOUN
cblr-12481	567	18	that	that	PRON
cblr-12481	567	19	expand	expand	VERB
cblr-12481	567	20	access	access	NOUN
cblr-12481	567	21	to	to	AUX
cblr-12481	567	22	assault	assault	NOUN
cblr-12481	567	23	style	style	NOUN
cblr-12481	567	24	weapons	weapon	NOUN
cblr-12481	567	25	at	at	ADP
cblr-12481	567	26	every	every	DET
cblr-12481	567	27	retail	retail	ADJ
cblr-12481	567	28	location	location	NOUN
cblr-12481	567	29	across	across	ADP
cblr-12481	567	30	the	the	DET
cblr-12481	567	31	country	country	NOUN
cblr-12481	567	32	in	in	ADP
cblr-12481	567	33	the	the	DET
cblr-12481	567	34	interest	interest	NOUN
cblr-12481	567	35	of	of	ADP
cblr-12481	567	36	vindicating	vindicate	VERB
cblr-12481	567	37	a	a	DET
cblr-12481	567	38	second	second	ADJ
cblr-12481	567	39	amendment	amendment	NOUN
cblr-12481	567	40	agenda	agenda	NOUN
cblr-12481	567	41	.	.	PUNCT
cblr-12481	568	1	while	while	SCONJ
cblr-12481	568	2	selecting	select	VERB
cblr-12481	568	3	product	product	NOUN
cblr-12481	568	4	mix	mix	NOUN
cblr-12481	568	5	is	be	AUX
cblr-12481	568	6	typically	typically	ADV
cblr-12481	568	7	a	a	DET
cblr-12481	568	8	managerial	managerial	ADJ
cblr-12481	568	9	consideration	consideration	NOUN
cblr-12481	568	10	,	,	PUNCT
cblr-12481	568	11	he	he	PRON
cblr-12481	568	12	promotes	promote	VERB
cblr-12481	568	13	specific	specific	ADJ
cblr-12481	568	14	product	product	NOUN
cblr-12481	568	15	stocking	stock	VERB
cblr-12481	568	16	even	even	ADV
cblr-12481	568	17	when	when	SCONJ
cblr-12481	568	18	it	it	PRON
cblr-12481	568	19	does	do	AUX
cblr-12481	568	20	not	not	PART
cblr-12481	568	21	serve	serve	VERB
cblr-12481	568	22	retail	retail	ADJ
cblr-12481	568	23	efficiency	efficiency	NOUN
cblr-12481	568	24	.	.	PUNCT
cblr-12481	569	1	the	the	DET
cblr-12481	569	2	point	point	NOUN
cblr-12481	569	3	of	of	ADP
cblr-12481	569	4	this	this	DET
cblr-12481	569	5	example	example	NOUN
cblr-12481	569	6	is	be	AUX
cblr-12481	569	7	that	that	SCONJ
cblr-12481	569	8	shareholder	shareholder	NOUN
cblr-12481	569	9	participation	participation	NOUN
cblr-12481	569	10	should	should	AUX
cblr-12481	569	11	not	not	PART
cblr-12481	569	12	be	be	AUX
cblr-12481	569	13	considered	consider	VERB
cblr-12481	569	14	a	a	DET
cblr-12481	569	15	panacea	panacea	NOUN
cblr-12481	569	16	for	for	ADP
cblr-12481	569	17	pro	pro	ADJ
cblr-12481	569	18	-	-	ADJ
cblr-12481	569	19	social	social	ADJ
cblr-12481	569	20	corporate	corporate	ADJ
cblr-12481	569	21	behavior	behavior	NOUN
cblr-12481	569	22	and	and	CCONJ
cblr-12481	569	23	that	that	DET
cblr-12481	569	24	structural	structural	ADJ
cblr-12481	569	25	accountability	accountability	NOUN
cblr-12481	569	26	for	for	ADP
cblr-12481	569	27	nonpecuniary	nonpecuniary	ADJ
cblr-12481	569	28	shareholder	shareholder	NOUN
cblr-12481	569	29	participation	participation	NOUN
cblr-12481	569	30	is	be	AUX
cblr-12481	569	31	critical	critical	ADJ
cblr-12481	569	32	to	to	ADP
cblr-12481	569	33	achieving	achieve	VERB
cblr-12481	569	34	accountable	accountable	ADJ
cblr-12481	569	35	and	and	CCONJ
cblr-12481	569	36	efficient	efficient	ADJ
cblr-12481	569	37	governance	governance	NOUN
cblr-12481	569	38	.	.	PUNCT
cblr-12481	570	1	corporate	corporate	ADJ
cblr-12481	570	2	prosociality	prosociality	NOUN
cblr-12481	570	3	does	do	VERB
cblr-12481	570	4	and	and	CCONJ
cblr-12481	570	5	will	will	AUX
cblr-12481	570	6	remain	remain	VERB
cblr-12481	570	7	dependent	dependent	ADJ
cblr-12481	570	8	on	on	ADP
cblr-12481	570	9	the	the	DET
cblr-12481	570	10	set	set	NOUN
cblr-12481	570	11	of	of	ADP
cblr-12481	570	12	preferences	preference	NOUN
cblr-12481	570	13	that	that	SCONJ
cblr-12481	570	14	a	a	DET
cblr-12481	570	15	corporation	corporation	NOUN
cblr-12481	570	16	’s	’s	PART
cblr-12481	570	17	principals	principal	NOUN
cblr-12481	570	18	adopt	adopt	VERB
cblr-12481	570	19	and	and	CCONJ
cblr-12481	570	20	advance	advance	VERB
cblr-12481	570	21	through	through	ADP
cblr-12481	570	22	available	available	ADJ
cblr-12481	570	23	mechanisms	mechanism	NOUN
cblr-12481	570	24	.	.	PUNCT
cblr-12481	571	1	a	a	DET
cblr-12481	571	2	pragmatic	pragmatic	ADJ
cblr-12481	571	3	defense	defense	NOUN
cblr-12481	571	4	of	of	ADP
cblr-12481	571	5	shareholder	shareholder	NOUN
cblr-12481	571	6	democracy	democracy	NOUN
cblr-12481	571	7	argues	argue	VERB
cblr-12481	571	8	that	that	SCONJ
cblr-12481	571	9	it	it	PRON
cblr-12481	571	10	overcomes	overcome	VERB
cblr-12481	571	11	agency	agency	NOUN
cblr-12481	571	12	costs	cost	NOUN
cblr-12481	571	13	that	that	PRON
cblr-12481	571	14	would	would	AUX
cblr-12481	571	15	otherwise	otherwise	ADV
cblr-12481	571	16	be	be	AUX
cblr-12481	571	17	generated	generate	VERB
cblr-12481	571	18	through	through	ADP
cblr-12481	571	19	managerial	managerial	ADJ
cblr-12481	571	20	stakeholderism	stakeholderism	NOUN
cblr-12481	571	21	.	.	PUNCT
cblr-12481	572	1	however	however	ADV
cblr-12481	572	2	,	,	PUNCT
cblr-12481	572	3	this	this	DET
cblr-12481	572	4	proposition	proposition	NOUN
cblr-12481	572	5	is	be	AUX
cblr-12481	572	6	not	not	PART
cblr-12481	572	7	borne	bear	VERB
cblr-12481	572	8	out	out	ADP
cblr-12481	572	9	through	through	ADP
cblr-12481	572	10	structural	structural	ADJ
cblr-12481	572	11	reform	reform	NOUN
cblr-12481	572	12	:	:	PUNCT
cblr-12481	572	13	shareholder	shareholder	NOUN
cblr-12481	572	14	democracy	democracy	NOUN
cblr-12481	572	15	advocates	advocate	NOUN
cblr-12481	572	16	have	have	AUX
cblr-12481	572	17	not	not	PART
cblr-12481	572	18	proposed	propose	VERB
cblr-12481	572	19	to	to	PART
cblr-12481	572	20	give	give	VERB
cblr-12481	572	21	stakeholders	stakeholder	NOUN
cblr-12481	572	22	any	any	DET
cblr-12481	572	23	power	power	NOUN
cblr-12481	572	24	over	over	ADP
cblr-12481	572	25	shareholders	shareholder	NOUN
cblr-12481	572	26	.	.	PUNCT
cblr-12481	573	1	the	the	DET
cblr-12481	573	2	focus	focus	NOUN
cblr-12481	573	3	instead	instead	ADV
cblr-12481	573	4	,	,	PUNCT
cblr-12481	573	5	in	in	ADP
cblr-12481	573	6	policy	policy	NOUN
cblr-12481	573	7	and	and	CCONJ
cblr-12481	573	8	in	in	ADP
cblr-12481	573	9	scholarship	scholarship	NOUN
cblr-12481	573	10	,	,	PUNCT
cblr-12481	573	11	has	have	AUX
cblr-12481	573	12	been	be	AUX
cblr-12481	573	13	on	on	ADP
cblr-12481	573	14	minimizing	minimize	VERB
cblr-12481	573	15	agency	agency	NOUN
cblr-12481	573	16	costs	cost	NOUN
cblr-12481	573	17	between	between	ADP
cblr-12481	573	18	managers	manager	NOUN
cblr-12481	573	19	and	and	CCONJ
cblr-12481	573	20	their	their	PRON
cblr-12481	573	21	pluralist	pluralist	ADJ
cblr-12481	573	22	shareholders.97	shareholders.97	NOUN
cblr-12481	573	23	rather	rather	ADV
cblr-12481	573	24	than	than	ADP
cblr-12481	573	25	non	non	ADJ
cblr-12481	573	26	-	-	NOUN
cblr-12481	573	27	elites	elite	NOUN
cblr-12481	573	28	have	have	AUX
cblr-12481	573	29	been	be	AUX
cblr-12481	573	30	diverging	diverge	VERB
cblr-12481	573	31	for	for	ADP
cblr-12481	573	32	decades	decade	NOUN
cblr-12481	573	33	,	,	PUNCT
cblr-12481	573	34	and	and	CCONJ
cblr-12481	573	35	that	that	PRON
cblr-12481	573	36	corporate	corporate	ADJ
cblr-12481	573	37	elite	elite	ADJ
cblr-12481	573	38	social	social	ADJ
cblr-12481	573	39	activism	activism	NOUN
cblr-12481	573	40	leans	lean	VERB
cblr-12481	573	41	liberal	liberal	ADJ
cblr-12481	573	42	)	)	PUNCT
cblr-12481	573	43	.	.	PUNCT
cblr-12481	574	1	97	97	NUM
cblr-12481	574	2	roberto	roberto	PROPN
cblr-12481	574	3	tallarita	tallarita	PROPN
cblr-12481	574	4	focuses	focus	VERB
cblr-12481	574	5	on	on	ADP
cblr-12481	574	6	the	the	DET
cblr-12481	574	7	monitoring	monitoring	NOUN
cblr-12481	574	8	problem	problem	NOUN
cblr-12481	574	9	presented	present	VERB
cblr-12481	574	10	by	by	ADP
cblr-12481	574	11	pluralist	pluralist	ADJ
cblr-12481	574	12	shareholder	shareholder	NOUN
cblr-12481	574	13	preferences	preference	NOUN
cblr-12481	574	14	.	.	PUNCT
cblr-12481	575	1	he	he	PRON
cblr-12481	575	2	notes	note	VERB
cblr-12481	575	3	that	that	SCONJ
cblr-12481	575	4	“	"	PUNCT
cblr-12481	575	5	corporate	corporate	ADJ
cblr-12481	575	6	managers	manager	NOUN
cblr-12481	575	7	may	may	AUX
cblr-12481	575	8	make	make	VERB
cblr-12481	575	9	socially	socially	ADV
cblr-12481	575	10	relevant	relevant	ADJ
cblr-12481	575	11	decisions	decision	NOUN
cblr-12481	575	12	that	that	PRON
cblr-12481	575	13	do	do	AUX
cblr-12481	575	14	not	not	PART
cblr-12481	575	15	reflect	reflect	VERB
cblr-12481	575	16	the	the	DET
cblr-12481	575	17	social	social	ADJ
cblr-12481	575	18	and	and	CCONJ
cblr-12481	575	19	political	political	ADJ
cblr-12481	575	20	preferences	preference	NOUN
cblr-12481	575	21	of	of	ADP
cblr-12481	575	22	shareholders	shareholder	NOUN
cblr-12481	575	23	,	,	PUNCT
cblr-12481	575	24	”	"	PUNCT
cblr-12481	575	25	but	but	CCONJ
cblr-12481	575	26	most	most	ADJ
cblr-12481	575	27	shareholders	shareholder	NOUN
cblr-12481	575	28	lack	lack	VERB
cblr-12481	575	29	“	"	PUNCT
cblr-12481	575	30	sufficient	sufficient	ADJ
cblr-12481	575	31	incentives	incentive	NOUN
cblr-12481	575	32	to	to	PART
cblr-12481	575	33	monitor	monitor	VERB
cblr-12481	575	34	and	and	CCONJ
cblr-12481	575	35	correct	correct	VERB
cblr-12481	575	36	the	the	DET
cblr-12481	575	37	decisions	decision	NOUN
cblr-12481	575	38	made	make	VERB
cblr-12481	575	39	by	by	ADP
cblr-12481	575	40	corporate	corporate	ADJ
cblr-12481	575	41	managers	manager	NOUN
cblr-12481	575	42	.	.	PUNCT
cblr-12481	575	43	”	"	PUNCT
cblr-12481	576	1	tallarita	tallarita	PROPN
cblr-12481	576	2	explains	explain	VERB
cblr-12481	576	3	that	that	SCONJ
cblr-12481	576	4	a	a	DET
cblr-12481	576	5	small	small	ADJ
cblr-12481	576	6	number	number	NOUN
cblr-12481	576	7	of	of	ADP
cblr-12481	576	8	specialized	specialized	ADJ
cblr-12481	576	9	players	player	NOUN
cblr-12481	576	10	cooperate	cooperate	VERB
cblr-12481	576	11	across	across	ADP
cblr-12481	576	12	companies	company	NOUN
cblr-12481	576	13	and	and	CCONJ
cblr-12481	576	14	industries	industry	NOUN
cblr-12481	576	15	to	to	PART
cblr-12481	576	16	mitigate	mitigate	VERB
cblr-12481	576	17	this	this	DET
cblr-12481	576	18	agency	agency	NOUN
cblr-12481	576	19	problem	problem	NOUN
cblr-12481	576	20	,	,	PUNCT
cblr-12481	576	21	providing	provide	VERB
cblr-12481	576	22	a	a	DET
cblr-12481	576	23	solution	solution	NOUN
cblr-12481	576	24	to	to	ADP
cblr-12481	576	25	the	the	DET
cblr-12481	576	26	type	type	NOUN
cblr-12481	576	27	of	of	ADP
cblr-12481	576	28	coordination	coordination	NOUN
cblr-12481	576	29	problem	problem	NOUN
cblr-12481	576	30	identified	identify	VERB
cblr-12481	576	31	by	by	ADP
cblr-12481	576	32	armour	armour	NOUN
cblr-12481	576	33	et	et	PROPN
cblr-12481	576	34	al	al	PROPN
cblr-12481	576	35	.	.	PROPN
cblr-12481	576	36	,	,	PUNCT
cblr-12481	576	37	supra	supra	PROPN
cblr-12481	576	38	note	note	VERB
cblr-12481	576	39	73	73	NUM
cblr-12481	576	40	,	,	PUNCT
cblr-12481	576	41	at	at	ADP
cblr-12481	576	42	36	36	NUM
cblr-12481	576	43	.	.	PUNCT
cblr-12481	577	1	see	see	PROPN
cblr-12481	577	2	tallarita	tallarita	PROPN
cblr-12481	577	3	,	,	PUNCT
cblr-12481	577	4	supra	supra	PROPN
cblr-12481	577	5	note	note	PROPN
cblr-12481	577	6	63	63	NUM
cblr-12481	577	7	,	,	PUNCT
cblr-12481	577	8	at	at	ADP
cblr-12481	577	9	1704	1704	NUM
cblr-12481	577	10	,	,	PUNCT
cblr-12481	577	11	1733	1733	NUM
cblr-12481	577	12	,	,	PUNCT
cblr-12481	577	13	1742	1742	NUM
cblr-12481	577	14	.	.	PUNCT
cblr-12481	578	1	adi	adi	PROPN
cblr-12481	578	2	libson	libson	PROPN
cblr-12481	578	3	also	also	ADV
cblr-12481	578	4	proposes	propose	VERB
cblr-12481	578	5	two	two	NUM
cblr-12481	578	6	solutions	solution	NOUN
cblr-12481	578	7	to	to	ADP
cblr-12481	578	8	the	the	DET
cblr-12481	578	9	agency	agency	NOUN
cblr-12481	578	10	costs	cost	NOUN
cblr-12481	578	11	of	of	ADP
cblr-12481	578	12	shareholder	shareholder	NOUN
cblr-12481	578	13	862	862	NUM
cblr-12481	578	14	columbia	columbia	PROPN
cblr-12481	578	15	business	business	NOUN
cblr-12481	578	16	law	law	PROPN
cblr-12481	578	17	review	review	NOUN
cblr-12481	578	18	[	[	X
cblr-12481	578	19	vol	vol	NOUN
cblr-12481	578	20	.	.	PUNCT
cblr-12481	578	21	2023	2023	NUM
cblr-12481	578	22	overcome	overcome	VERB
cblr-12481	578	23	the	the	DET
cblr-12481	578	24	agency	agency	NOUN
cblr-12481	578	25	costs	cost	NOUN
cblr-12481	578	26	of	of	ADP
cblr-12481	578	27	managerial	managerial	ADJ
cblr-12481	578	28	stakeholderism	stakeholderism	NOUN
cblr-12481	578	29	,	,	PUNCT
cblr-12481	578	30	shareholder	shareholder	NOUN
cblr-12481	578	31	democracy	democracy	NOUN
cblr-12481	578	32	merely	merely	ADV
cblr-12481	578	33	displaces	displace	VERB
cblr-12481	578	34	them	they	PRON
cblr-12481	578	35	from	from	ADP
cblr-12481	578	36	a	a	DET
cblr-12481	578	37	management	management	NOUN
cblr-12481	578	38	-	-	PUNCT
cblr-12481	578	39	stakeholder	stakeholder	NOUN
cblr-12481	578	40	agency	agency	NOUN
cblr-12481	578	41	relationship	relationship	NOUN
cblr-12481	578	42	to	to	ADP
cblr-12481	578	43	a	a	DET
cblr-12481	578	44	shareholder	shareholder	NOUN
cblr-12481	578	45	-	-	PUNCT
cblr-12481	578	46	stakeholder	stakeholder	NOUN
cblr-12481	578	47	agency	agency	NOUN
cblr-12481	578	48	relationship	relationship	NOUN
cblr-12481	578	49	.	.	PUNCT
cblr-12481	579	1	2	2	X
cblr-12481	579	2	.	.	NUM
cblr-12481	579	3	intermediated	intermediate	VERB
cblr-12481	579	4	shareholder	shareholder	NOUN
cblr-12481	579	5	democracy	democracy	NOUN
cblr-12481	579	6	the	the	DET
cblr-12481	579	7	rise	rise	NOUN
cblr-12481	579	8	of	of	ADP
cblr-12481	579	9	large	large	ADJ
cblr-12481	579	10	asset	asset	NOUN
cblr-12481	579	11	managers	manager	NOUN
cblr-12481	579	12	advancing	advance	VERB
cblr-12481	579	13	esg	esg	NOUN
cblr-12481	579	14	agendas	agenda	NOUN
cblr-12481	579	15	also	also	ADV
cblr-12481	579	16	presents	present	VERB
cblr-12481	579	17	a	a	DET
cblr-12481	579	18	nested	nested	ADJ
cblr-12481	579	19	agency	agency	NOUN
cblr-12481	579	20	problem.98	problem.98	NOUN
cblr-12481	579	21	institutional	institutional	ADJ
cblr-12481	579	22	investors	investor	NOUN
cblr-12481	579	23	are	be	AUX
cblr-12481	579	24	simultaneously	simultaneously	ADV
cblr-12481	579	25	agents	agent	NOUN
cblr-12481	579	26	of	of	ADP
cblr-12481	579	27	their	their	PRON
cblr-12481	579	28	underlying	underlie	VERB
cblr-12481	579	29	investors	investor	NOUN
cblr-12481	579	30	and	and	CCONJ
cblr-12481	579	31	principals	principal	NOUN
cblr-12481	579	32	of	of	ADP
cblr-12481	579	33	corporate	corporate	ADJ
cblr-12481	579	34	managers	manager	NOUN
cblr-12481	579	35	.	.	PUNCT
cblr-12481	580	1	the	the	DET
cblr-12481	580	2	agency	agency	NOUN
cblr-12481	580	3	problems	problem	NOUN
cblr-12481	580	4	traditionally	traditionally	ADV
cblr-12481	580	5	observed	observe	VERB
cblr-12481	580	6	between	between	ADP
cblr-12481	580	7	retail	retail	ADJ
cblr-12481	580	8	shareholders	shareholder	NOUN
cblr-12481	580	9	and	and	CCONJ
cblr-12481	580	10	corporate	corporate	ADJ
cblr-12481	580	11	executives	executive	NOUN
cblr-12481	580	12	manifest	manifest	VERB
cblr-12481	580	13	at	at	ADP
cblr-12481	580	14	a	a	DET
cblr-12481	580	15	subsidiary	subsidiary	ADJ
cblr-12481	580	16	level	level	NOUN
cblr-12481	580	17	between	between	ADP
cblr-12481	580	18	investors	investor	NOUN
cblr-12481	580	19	and	and	CCONJ
cblr-12481	580	20	intermediary	intermediary	ADJ
cblr-12481	580	21	asset	asset	NOUN
cblr-12481	580	22	managers	manager	NOUN
cblr-12481	580	23	.	.	PUNCT
cblr-12481	581	1	this	this	DET
cblr-12481	581	2	dynamic	dynamic	NOUN
cblr-12481	581	3	has	have	AUX
cblr-12481	581	4	flagged	flag	VERB
cblr-12481	581	5	regulatory	regulatory	ADJ
cblr-12481	581	6	attention,99	attention,99	NOUN
cblr-12481	581	7	and	and	CCONJ
cblr-12481	581	8	asset	asset	NOUN
cblr-12481	581	9	managers	manager	NOUN
cblr-12481	581	10	have	have	AUX
cblr-12481	581	11	begun	begin	VERB
cblr-12481	581	12	to	to	PART
cblr-12481	581	13	innovate	innovate	VERB
cblr-12481	581	14	solutions	solution	NOUN
cblr-12481	581	15	.	.	PUNCT
cblr-12481	582	1	blackrock	blackrock	NOUN
cblr-12481	582	2	recently	recently	ADV
cblr-12481	582	3	began	begin	VERB
cblr-12481	582	4	allowing	allow	VERB
cblr-12481	582	5	certain	certain	ADJ
cblr-12481	582	6	of	of	ADP
cblr-12481	582	7	its	its	PRON
cblr-12481	582	8	clients	client	NOUN
cblr-12481	582	9	to	to	PART
cblr-12481	582	10	vote	vote	VERB
cblr-12481	582	11	their	their	PRON
cblr-12481	582	12	shares	share	NOUN
cblr-12481	582	13	directly	directly	ADV
cblr-12481	582	14	on	on	ADP
cblr-12481	582	15	shareholder	shareholder	NOUN
cblr-12481	582	16	proposals	proposal	NOUN
cblr-12481	582	17	,	,	PUNCT
cblr-12481	582	18	director	director	NOUN
cblr-12481	582	19	elections	election	NOUN
cblr-12481	582	20	,	,	PUNCT
cblr-12481	582	21	and	and	CCONJ
cblr-12481	583	1	takeovers,100	takeovers,100	INTJ
cblr-12481	584	1	but	but	CCONJ
cblr-12481	584	2	the	the	DET
cblr-12481	584	3	pluralism	pluralism	NOUN
cblr-12481	584	4	:	:	PUNCT
cblr-12481	584	5	a	a	DET
cblr-12481	584	6	bottom	bottom	ADJ
cblr-12481	584	7	-	-	PUNCT
cblr-12481	584	8	up	up	ADP
cblr-12481	584	9	model	model	NOUN
cblr-12481	584	10	that	that	PRON
cblr-12481	584	11	relies	rely	VERB
cblr-12481	584	12	on	on	ADP
cblr-12481	584	13	shareholder	shareholder	NOUN
cblr-12481	584	14	proposals	proposal	NOUN
cblr-12481	584	15	and	and	CCONJ
cblr-12481	584	16	a	a	DET
cblr-12481	584	17	top	top	ADJ
cblr-12481	584	18	-	-	PUNCT
cblr-12481	584	19	down	down	ADP
cblr-12481	584	20	model	model	NOUN
cblr-12481	584	21	that	that	PRON
cblr-12481	584	22	functions	function	VERB
cblr-12481	584	23	through	through	ADP
cblr-12481	584	24	an	an	DET
cblr-12481	584	25	independent	independent	ADJ
cblr-12481	584	26	board	board	NOUN
cblr-12481	584	27	subcommittee	subcommittee	NOUN
cblr-12481	584	28	.	.	PUNCT
cblr-12481	585	1	see	see	VERB
cblr-12481	585	2	adi	adi	PROPN
cblr-12481	585	3	libson	libson	PROPN
cblr-12481	585	4	,	,	PUNCT
cblr-12481	585	5	taking	take	VERB
cblr-12481	585	6	shareholders	shareholder	NOUN
cblr-12481	585	7	’	'	PUNCT
cblr-12481	585	8	social	social	ADJ
cblr-12481	585	9	preferences	preference	NOUN
cblr-12481	585	10	seriously	seriously	ADV
cblr-12481	585	11	:	:	PUNCT
cblr-12481	585	12	confronting	confront	VERB
cblr-12481	585	13	a	a	DET
cblr-12481	585	14	new	new	ADJ
cblr-12481	585	15	agency	agency	NOUN
cblr-12481	585	16	problem	problem	NOUN
cblr-12481	585	17	,	,	PUNCT
cblr-12481	585	18	9	9	NUM
cblr-12481	585	19	u.c	u.c	PROPN
cblr-12481	585	20	.	.	PROPN
cblr-12481	585	21	irvine	irvine	PROPN
cblr-12481	585	22	l.	l.	PROPN
cblr-12481	585	23	rev	rev	PROPN
cblr-12481	585	24	.	.	PROPN
cblr-12481	585	25	699	699	NUM
cblr-12481	585	26	,	,	PUNCT
cblr-12481	585	27	699	699	NUM
cblr-12481	585	28	(	(	PUNCT
cblr-12481	585	29	2019	2019	NUM
cblr-12481	585	30	)	)	PUNCT
cblr-12481	585	31	.	.	PUNCT
cblr-12481	586	1	98	98	NUM
cblr-12481	586	2	john	john	PROPN
cblr-12481	586	3	c.	c.	PROPN
cblr-12481	586	4	coates	coates	PROPN
cblr-12481	586	5	,	,	PUNCT
cblr-12481	586	6	the	the	DET
cblr-12481	586	7	future	future	NOUN
cblr-12481	586	8	of	of	ADP
cblr-12481	586	9	corporate	corporate	ADJ
cblr-12481	586	10	governance	governance	NOUN
cblr-12481	586	11	part	part	NOUN
cblr-12481	587	1	i	i	PRON
cblr-12481	587	2	:	:	PUNCT
cblr-12481	587	3	the	the	DET
cblr-12481	587	4	problem	problem	NOUN
cblr-12481	587	5	of	of	ADP
cblr-12481	587	6	twelve	twelve	NUM
cblr-12481	587	7	,	,	PUNCT
cblr-12481	587	8	19	19	NUM
cblr-12481	587	9	(	(	PUNCT
cblr-12481	587	10	harv	harv	NOUN
cblr-12481	587	11	.	.	PUNCT
cblr-12481	588	1	pub	pub	NOUN
cblr-12481	588	2	.	.	PUNCT
cblr-12481	589	1	l.	l.	PROPN
cblr-12481	589	2	working	working	PROPN
cblr-12481	589	3	paper	paper	PROPN
cblr-12481	589	4	no	no	INTJ
cblr-12481	589	5	.	.	PROPN
cblr-12481	590	1	19	19	NUM
cblr-12481	590	2	-	-	PUNCT
cblr-12481	590	3	07,2018	07,2018	NOUN
cblr-12481	590	4	)	)	PUNCT
cblr-12481	590	5	,	,	PUNCT
cblr-12481	590	6	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3247337	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3247337	NOUN
cblr-12481	590	7	[	[	X
cblr-12481	590	8	https://perma.cc/hf2e-k49c	https://perma.cc/hf2e-k49c	X
cblr-12481	590	9	]	]	X
cblr-12481	590	10	(	(	PUNCT
cblr-12481	590	11	“	"	PUNCT
cblr-12481	590	12	a	a	DET
cblr-12481	590	13	small	small	ADJ
cblr-12481	590	14	number	number	NOUN
cblr-12481	590	15	of	of	ADP
cblr-12481	590	16	unelected	unelected	ADJ
cblr-12481	590	17	agents	agent	NOUN
cblr-12481	590	18	,	,	PUNCT
cblr-12481	590	19	operating	operate	VERB
cblr-12481	590	20	largely	largely	ADV
cblr-12481	590	21	behind	behind	ADP
cblr-12481	590	22	closed	closed	ADJ
cblr-12481	590	23	doors	door	NOUN
cblr-12481	590	24	,	,	PUNCT
cblr-12481	590	25	are	be	AUX
cblr-12481	590	26	increasingly	increasingly	ADV
cblr-12481	590	27	important	important	ADJ
cblr-12481	590	28	to	to	ADP
cblr-12481	590	29	the	the	DET
cblr-12481	590	30	lives	life	NOUN
cblr-12481	590	31	of	of	ADP
cblr-12481	590	32	millions	million	NOUN
cblr-12481	590	33	who	who	PRON
cblr-12481	590	34	barely	barely	ADV
cblr-12481	590	35	know	know	VERB
cblr-12481	590	36	of	of	ADP
cblr-12481	590	37	the	the	DET
cblr-12481	590	38	existence	existence	NOUN
cblr-12481	590	39	much	much	ADV
cblr-12481	590	40	less	less	ADV
cblr-12481	590	41	the	the	DET
cblr-12481	590	42	identity	identity	NOUN
cblr-12481	590	43	or	or	CCONJ
cblr-12481	590	44	inclinations	inclination	NOUN
cblr-12481	590	45	of	of	ADP
cblr-12481	590	46	those	those	DET
cblr-12481	590	47	agents	agent	NOUN
cblr-12481	590	48	.	.	PUNCT
cblr-12481	590	49	”	"	PUNCT
cblr-12481	590	50	)	)	PUNCT
cblr-12481	590	51	;	;	PUNCT
cblr-12481	590	52	ronald	ronald	PROPN
cblr-12481	590	53	j.	j.	PROPN
cblr-12481	590	54	gilson	gilson	PROPN
cblr-12481	590	55	&	&	CCONJ
cblr-12481	590	56	jeffrey	jeffrey	PROPN
cblr-12481	590	57	n.	n.	PROPN
cblr-12481	590	58	gordon	gordon	PROPN
cblr-12481	590	59	,	,	PUNCT
cblr-12481	590	60	the	the	DET
cblr-12481	590	61	agency	agency	NOUN
cblr-12481	590	62	costs	cost	NOUN
cblr-12481	590	63	of	of	ADP
cblr-12481	590	64	agency	agency	NOUN
cblr-12481	590	65	capitalism	capitalism	NOUN
cblr-12481	590	66	:	:	PUNCT
cblr-12481	590	67	activist	activist	ADJ
cblr-12481	590	68	investors	investor	NOUN
cblr-12481	590	69	and	and	CCONJ
cblr-12481	590	70	the	the	DET
cblr-12481	590	71	revaluation	revaluation	NOUN
cblr-12481	590	72	of	of	ADP
cblr-12481	590	73	governance	governance	NOUN
cblr-12481	590	74	rights	right	NOUN
cblr-12481	590	75	,	,	PUNCT
cblr-12481	590	76	113	113	NUM
cblr-12481	590	77	colum	colum	NOUN
cblr-12481	590	78	.	.	PUNCT
cblr-12481	591	1	l.	l.	PROPN
cblr-12481	591	2	rev	rev	PROPN
cblr-12481	591	3	.	.	PROPN
cblr-12481	591	4	863	863	NUM
cblr-12481	591	5	,	,	PUNCT
cblr-12481	591	6	863	863	NUM
cblr-12481	591	7	(	(	PUNCT
cblr-12481	591	8	2013	2013	NUM
cblr-12481	591	9	)	)	PUNCT
cblr-12481	591	10	.	.	PUNCT
cblr-12481	592	1	99	99	NUM
cblr-12481	592	2	see	see	VERB
cblr-12481	592	3	,	,	PUNCT
cblr-12481	592	4	e.g.	e.g.	ADV
cblr-12481	592	5	,	,	PUNCT
cblr-12481	592	6	considering	consider	VERB
cblr-12481	592	7	the	the	DET
cblr-12481	592	8	index	index	NOUN
cblr-12481	592	9	fund	fund	NOUN
cblr-12481	592	10	voting	voting	NOUN
cblr-12481	592	11	process	process	NOUN
cblr-12481	592	12	:	:	PUNCT
cblr-12481	592	13	hearing	hear	VERB
cblr-12481	592	14	on	on	ADP
cblr-12481	592	15	s.	s.	PROPN
cblr-12481	592	16	4241	4241	NUM
cblr-12481	592	17	before	before	ADP
cblr-12481	592	18	the	the	DET
cblr-12481	592	19	s.	s.	PROPN
cblr-12481	592	20	comm	comm	NOUN
cblr-12481	592	21	.	.	PUNCT
cblr-12481	593	1	on	on	ADP
cblr-12481	593	2	banking	banking	NOUN
cblr-12481	593	3	,	,	PUNCT
cblr-12481	593	4	housing	housing	NOUN
cblr-12481	593	5	,	,	PUNCT
cblr-12481	593	6	and	and	CCONJ
cblr-12481	593	7	urban	urban	PROPN
cblr-12481	593	8	affairs	affair	NOUN
cblr-12481	593	9	,	,	PUNCT
cblr-12481	593	10	117th	117th	ADJ
cblr-12481	593	11	cong	cong	NOUN
cblr-12481	593	12	.	.	PUNCT
cblr-12481	594	1	(	(	PUNCT
cblr-12481	594	2	jun	jun	PROPN
cblr-12481	594	3	.	.	PROPN
cblr-12481	594	4	14	14	NUM
cblr-12481	594	5	,	,	PUNCT
cblr-12481	594	6	2022	2022	NUM
cblr-12481	594	7	)	)	PUNCT
cblr-12481	594	8	,	,	PUNCT
cblr-12481	594	9	https://www.banking.senate.gov/hearings/considering-the-index-fund-voting-process	https://www.banking.senate.gov/hearings/considering-the-index-fund-voting-process	NOUN
cblr-12481	595	1	[	[	X
cblr-12481	595	2	https://perma.cc/n5d8-gjjh	https://perma.cc/n5d8-gjjh	NOUN
cblr-12481	595	3	]	]	X
cblr-12481	595	4	;	;	PUNCT
cblr-12481	595	5	investor	investor	NOUN
cblr-12481	595	6	democracy	democracy	NOUN
cblr-12481	595	7	is	be	AUX
cblr-12481	595	8	expected	expect	VERB
cblr-12481	595	9	act	act	NOUN
cblr-12481	595	10	,	,	PUNCT
cblr-12481	595	11	s.	s.	PROPN
cblr-12481	595	12	4241	4241	NUM
cblr-12481	595	13	,	,	PUNCT
cblr-12481	595	14	117th	117th	ADJ
cblr-12481	595	15	cong	cong	NOUN
cblr-12481	595	16	.	.	PUNCT
cblr-12481	596	1	(	(	PUNCT
cblr-12481	596	2	2022	2022	NUM
cblr-12481	596	3	)	)	PUNCT
cblr-12481	596	4	.	.	PUNCT
cblr-12481	597	1	100	100	NUM
cblr-12481	597	2	in	in	ADP
cblr-12481	597	3	his	his	PRON
cblr-12481	597	4	2022	2022	NUM
cblr-12481	597	5	letter	letter	NOUN
cblr-12481	597	6	,	,	PUNCT
cblr-12481	597	7	larry	larry	PROPN
cblr-12481	597	8	fink	fink	PROPN
cblr-12481	597	9	referred	refer	VERB
cblr-12481	597	10	to	to	ADP
cblr-12481	597	11	blackrock	blackrock	NOUN
cblr-12481	597	12	’s	’s	PART
cblr-12481	597	13	recent	recent	ADJ
cblr-12481	597	14	voting	voting	NOUN
cblr-12481	597	15	policy	policy	NOUN
cblr-12481	597	16	change	change	NOUN
cblr-12481	597	17	as	as	ADP
cblr-12481	597	18	a	a	DET
cblr-12481	597	19	way	way	NOUN
cblr-12481	597	20	“	"	PUNCT
cblr-12481	597	21	to	to	PART
cblr-12481	597	22	give	give	VERB
cblr-12481	597	23	more	more	ADJ
cblr-12481	597	24	of	of	ADP
cblr-12481	597	25	our	our	PRON
cblr-12481	597	26	clients	client	NOUN
cblr-12481	597	27	the	the	DET
cblr-12481	597	28	option	option	NOUN
cblr-12481	597	29	to	to	PART
cblr-12481	597	30	have	have	AUX
cblr-12481	597	31	a	a	DET
cblr-12481	597	32	say	say	NOUN
cblr-12481	597	33	in	in	ADP
cblr-12481	597	34	how	how	SCONJ
cblr-12481	597	35	proxy	proxy	ADJ
cblr-12481	597	36	votes	vote	NOUN
cblr-12481	597	37	are	be	AUX
cblr-12481	597	38	cast	cast	VERB
cblr-12481	597	39	at	at	ADP
cblr-12481	597	40	companies	company	NOUN
cblr-12481	597	41	their	their	PRON
cblr-12481	597	42	money	money	NOUN
cblr-12481	597	43	is	be	AUX
cblr-12481	597	44	invested	invest	VERB
cblr-12481	597	45	in	in	ADP
cblr-12481	597	46	.	.	PUNCT
cblr-12481	597	47	”	"	PUNCT
cblr-12481	598	1	he	he	PRON
cblr-12481	598	2	justifies	justify	VERB
cblr-12481	598	3	this	this	DET
cblr-12481	598	4	move	move	NOUN
cblr-12481	598	5	as	as	ADP
cblr-12481	598	6	bringing	bring	VERB
cblr-12481	598	7	“	"	PUNCT
cblr-12481	598	8	more	more	ADJ
cblr-12481	598	9	democracy	democracy	NOUN
cblr-12481	598	10	and	and	CCONJ
cblr-12481	598	11	more	more	ADJ
cblr-12481	598	12	voices	voice	NOUN
cblr-12481	598	13	to	to	ADP
cblr-12481	598	14	capitalism	capitalism	NOUN
cblr-12481	598	15	.	.	PUNCT
cblr-12481	598	16	”	"	PUNCT
cblr-12481	599	1	larry	larry	PROPN
cblr-12481	599	2	fink	fink	PROPN
cblr-12481	599	3	,	,	PUNCT
cblr-12481	599	4	the	the	DET
cblr-12481	599	5	power	power	NOUN
cblr-12481	599	6	of	of	ADP
cblr-12481	599	7	capitalism	capitalism	NOUN
cblr-12481	599	8	,	,	PUNCT
cblr-12481	599	9	blackrock	blackrock	NOUN
cblr-12481	599	10	,	,	PUNCT
cblr-12481	599	11	no	no	INTJ
cblr-12481	599	12	.	.	NOUN
cblr-12481	599	13	2	2	NUM
cblr-12481	599	14	]	]	X
cblr-12481	599	15	corporate	corporate	ADJ
cblr-12481	599	16	technocracy	technocracy	NOUN
cblr-12481	599	17	863	863	NUM
cblr-12481	599	18	percentage	percentage	NOUN
cblr-12481	599	19	of	of	ADP
cblr-12481	599	20	owners	owner	NOUN
cblr-12481	599	21	doing	do	VERB
cblr-12481	599	22	so	so	ADV
cblr-12481	599	23	remains	remain	VERB
cblr-12481	599	24	small.101	small.101	ADJ
cblr-12481	599	25	other	other	ADJ
cblr-12481	599	26	proposals	proposal	NOUN
cblr-12481	599	27	would	would	AUX
cblr-12481	599	28	require	require	VERB
cblr-12481	599	29	asset	asset	NOUN
cblr-12481	599	30	managers	manager	NOUN
cblr-12481	599	31	to	to	PART
cblr-12481	599	32	ask	ask	VERB
cblr-12481	599	33	shareholders	shareholder	NOUN
cblr-12481	599	34	how	how	SCONJ
cblr-12481	599	35	they	they	PRON
cblr-12481	599	36	want	want	VERB
cblr-12481	599	37	to	to	PART
cblr-12481	599	38	vote	vote	VERB
cblr-12481	599	39	through	through	ADP
cblr-12481	599	40	such	such	ADJ
cblr-12481	599	41	approaches	approach	NOUN
cblr-12481	599	42	as	as	ADP
cblr-12481	599	43	“	"	PUNCT
cblr-12481	599	44	index	index	NOUN
cblr-12481	599	45	proxy	proxy	NOUN
cblr-12481	599	46	polling”102	polling”102	NOUN
cblr-12481	599	47	or	or	CCONJ
cblr-12481	599	48	to	to	PART
cblr-12481	599	49	pass	pass	VERB
cblr-12481	599	50	legislation	legislation	NOUN
cblr-12481	599	51	requiring	require	VERB
cblr-12481	599	52	government	government	NOUN
cblr-12481	599	53	pension	pension	NOUN
cblr-12481	599	54	-	-	PUNCT
cblr-12481	599	55	fund	fund	NOUN
cblr-12481	599	56	managers	manager	NOUN
cblr-12481	599	57	to	to	PART
cblr-12481	599	58	vote	vote	VERB
cblr-12481	599	59	a	a	DET
cblr-12481	599	60	state	state	NOUN
cblr-12481	599	61	’s	’s	PART
cblr-12481	599	62	shares	share	NOUN
cblr-12481	599	63	directly	directly	ADV
cblr-12481	599	64	.	.	PUNCT
cblr-12481	600	1	c.	c.	PROPN
cblr-12481	600	2	managerialism	managerialism	PROPN
cblr-12481	600	3	’s	’s	PART
cblr-12481	600	4	agency	agency	NOUN
cblr-12481	600	5	challenges103	challenges103	PROPN
cblr-12481	600	6	the	the	DET
cblr-12481	600	7	second	second	ADJ
cblr-12481	600	8	leading	lead	VERB
cblr-12481	600	9	esg	esg	NOUN
cblr-12481	600	10	governance	governance	NOUN
cblr-12481	600	11	proposal	proposal	NOUN
cblr-12481	600	12	relies	rely	VERB
cblr-12481	600	13	on	on	ADP
cblr-12481	600	14	granting	grant	VERB
cblr-12481	600	15	managers	manager	NOUN
cblr-12481	600	16	a	a	DET
cblr-12481	600	17	widened	widen	VERB
cblr-12481	600	18	scope	scope	NOUN
cblr-12481	600	19	of	of	ADP
cblr-12481	600	20	discretion	discretion	NOUN
cblr-12481	600	21	,	,	PUNCT
cblr-12481	600	22	protected	protect	VERB
cblr-12481	600	23	by	by	ADP
cblr-12481	600	24	the	the	DET
cblr-12481	600	25	business	business	NOUN
cblr-12481	600	26	judgment	judgment	NOUN
cblr-12481	600	27	rule	rule	NOUN
cblr-12481	600	28	.	.	PUNCT
cblr-12481	601	1	whether	whether	SCONJ
cblr-12481	601	2	in	in	ADP
cblr-12481	601	3	the	the	DET
cblr-12481	601	4	form	form	NOUN
cblr-12481	601	5	of	of	ADP
cblr-12481	601	6	https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter	https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter	NOUN
cblr-12481	601	7	[	[	X
cblr-12481	601	8	https://perma.cc/ax66-h2nc	https://perma.cc/ax66-h2nc	X
cblr-12481	601	9	]	]	X
cblr-12481	601	10	(	(	PUNCT
cblr-12481	601	11	last	last	ADV
cblr-12481	601	12	visited	visit	VERB
cblr-12481	601	13	dec	dec	PROPN
cblr-12481	601	14	.	.	PROPN
cblr-12481	601	15	22	22	NUM
cblr-12481	601	16	,	,	PUNCT
cblr-12481	601	17	2023	2023	NUM
cblr-12481	601	18	)	)	PUNCT
cblr-12481	601	19	.	.	PUNCT
cblr-12481	602	1	101	101	NUM
cblr-12481	602	2	blackrock	blackrock	PROPN
cblr-12481	602	3	’s	’s	PART
cblr-12481	602	4	new	new	ADJ
cblr-12481	602	5	voting	voting	NOUN
cblr-12481	602	6	policy	policy	NOUN
cblr-12481	602	7	applies	apply	VERB
cblr-12481	602	8	to	to	ADP
cblr-12481	602	9	about	about	ADV
cblr-12481	602	10	40	40	NUM
cblr-12481	602	11	%	%	NOUN
cblr-12481	602	12	of	of	ADP
cblr-12481	602	13	the	the	DET
cblr-12481	602	14	$	$	SYM
cblr-12481	602	15	4.8	4.8	NUM
cblr-12481	602	16	trillion	trillion	NUM
cblr-12481	602	17	in	in	ADP
cblr-12481	602	18	assets	asset	NOUN
cblr-12481	602	19	invested	invest	VERB
cblr-12481	602	20	in	in	ADP
cblr-12481	602	21	its	its	PRON
cblr-12481	602	22	equity	equity	NOUN
cblr-12481	602	23	index	index	NOUN
cblr-12481	602	24	strategies	strategy	NOUN
cblr-12481	602	25	,	,	PUNCT
cblr-12481	602	26	which	which	PRON
cblr-12481	602	27	comprise	comprise	VERB
cblr-12481	602	28	about	about	ADP
cblr-12481	602	29	half	half	NOUN
cblr-12481	602	30	of	of	ADP
cblr-12481	602	31	assets	asset	NOUN
cblr-12481	602	32	under	under	ADP
cblr-12481	602	33	management	management	NOUN
cblr-12481	602	34	.	.	PUNCT
cblr-12481	603	1	see	see	VERB
cblr-12481	603	2	simon	simon	PROPN
cblr-12481	603	3	jessop	jessop	PROPN
cblr-12481	603	4	&	&	CCONJ
cblr-12481	603	5	ross	ross	PROPN
cblr-12481	603	6	kerber	kerber	PROPN
cblr-12481	603	7	,	,	PUNCT
cblr-12481	603	8	blackrock	blackrock	NOUN
cblr-12481	603	9	to	to	PART
cblr-12481	603	10	give	give	VERB
cblr-12481	603	11	clients	client	NOUN
cblr-12481	603	12	more	more	ADJ
cblr-12481	603	13	say	say	VERB
cblr-12481	603	14	on	on	ADP
cblr-12481	603	15	holding	hold	VERB
cblr-12481	603	16	companies	company	NOUN
cblr-12481	603	17	to	to	ADP
cblr-12481	603	18	account	account	NOUN
cblr-12481	603	19	,	,	PUNCT
cblr-12481	603	20	reuters	reuters	PROPN
cblr-12481	603	21	(	(	PUNCT
cblr-12481	603	22	oct	oct	PROPN
cblr-12481	603	23	.	.	PROPN
cblr-12481	603	24	7	7	NUM
cblr-12481	603	25	,	,	PUNCT
cblr-12481	603	26	2021	2021	NUM
cblr-12481	603	27	)	)	PUNCT
cblr-12481	603	28	,	,	PUNCT
cblr-12481	603	29	https://www.reuters.com/business/finance/blackrockgive-clients-more-say-holding-companies-account-2021-10-07/	https://www.reuters.com/business/finance/blackrockgive-clients-more-say-holding-companies-account-2021-10-07/	NOUN
cblr-12481	604	1	[	[	X
cblr-12481	604	2	on	on	ADP
cblr-12481	604	3	file	file	NOUN
cblr-12481	604	4	with	with	ADP
cblr-12481	604	5	the	the	DET
cblr-12481	604	6	columbia	columbia	PROPN
cblr-12481	604	7	business	business	PROPN
cblr-12481	604	8	law	law	PROPN
cblr-12481	604	9	review	review	NOUN
cblr-12481	604	10	]	]	PUNCT
cblr-12481	604	11	.	.	PUNCT
cblr-12481	605	1	blackrock	blackrock	PROPN
cblr-12481	605	2	reported	report	VERB
cblr-12481	605	3	that	that	SCONJ
cblr-12481	605	4	owners	owner	NOUN
cblr-12481	605	5	of	of	ADP
cblr-12481	605	6	more	more	ADJ
cblr-12481	605	7	than	than	ADP
cblr-12481	605	8	$	$	SYM
cblr-12481	605	9	530	530	NUM
cblr-12481	605	10	billion	billion	NUM
cblr-12481	605	11	of	of	ADP
cblr-12481	605	12	its	its	PRON
cblr-12481	605	13	$	$	SYM
cblr-12481	605	14	11	11	NUM
cblr-12481	605	15	trillion	trillion	NUM
cblr-12481	605	16	in	in	ADP
cblr-12481	605	17	assets	asset	NOUN
cblr-12481	605	18	under	under	ADP
cblr-12481	605	19	management	management	NOUN
cblr-12481	605	20	are	be	AUX
cblr-12481	605	21	now	now	ADV
cblr-12481	605	22	voting	vote	VERB
cblr-12481	605	23	their	their	PRON
cblr-12481	605	24	shares	share	NOUN
cblr-12481	605	25	directly	directly	ADV
cblr-12481	605	26	.	.	PUNCT
cblr-12481	606	1	this	this	PRON
cblr-12481	606	2	comprises	comprise	VERB
cblr-12481	606	3	4.8	4.8	NUM
cblr-12481	606	4	%	%	NOUN
cblr-12481	606	5	of	of	ADP
cblr-12481	606	6	blackrock	blackrock	NOUN
cblr-12481	606	7	’s	’s	PART
cblr-12481	606	8	total	total	ADJ
cblr-12481	606	9	assets	asset	NOUN
cblr-12481	606	10	.	.	PUNCT
cblr-12481	607	1	see	see	VERB
cblr-12481	607	2	,	,	PUNCT
cblr-12481	607	3	brooke	brooke	PROPN
cblr-12481	607	4	masters	masters	PROPN
cblr-12481	607	5	,	,	PUNCT
cblr-12481	607	6	blackrock	blackrock	PROPN
cblr-12481	607	7	investors	investor	NOUN
cblr-12481	607	8	taking	take	VERB
cblr-12481	607	9	voting	voting	NOUN
cblr-12481	607	10	power	power	NOUN
cblr-12481	607	11	amid	amid	ADP
cblr-12481	607	12	scrutiny	scrutiny	NOUN
cblr-12481	607	13	of	of	ADP
cblr-12481	607	14	asset	asset	NOUN
cblr-12481	607	15	managers	manager	NOUN
cblr-12481	607	16	,	,	PUNCT
cblr-12481	607	17	fin	fin	NOUN
cblr-12481	607	18	.	.	PUNCT
cblr-12481	608	1	times	times	PROPN
cblr-12481	608	2	(	(	PUNCT
cblr-12481	608	3	june	june	PROPN
cblr-12481	608	4	13	13	NUM
cblr-12481	608	5	,	,	PUNCT
cblr-12481	608	6	2022	2022	NUM
cblr-12481	608	7	)	)	PUNCT
cblr-12481	608	8	,	,	PUNCT
cblr-12481	608	9	https://www.ft.com/content/7fd8d6ff-0120-4095-9a0e-a2729e2014e1	https://www.ft.com/content/7fd8d6ff-0120-4095-9a0e-a2729e2014e1	PROPN
cblr-12481	608	10	[	[	X
cblr-12481	608	11	https://perma.cc/8pac-dkwl	https://perma.cc/8pac-dkwl	PROPN
cblr-12481	608	12	]	]	X
cblr-12481	608	13	.	.	PUNCT
cblr-12481	609	1	in	in	ADP
cblr-12481	609	2	a	a	DET
cblr-12481	609	3	june	june	PROPN
cblr-12481	609	4	2022	2022	NUM
cblr-12481	609	5	whitepaper	whitepaper	NOUN
cblr-12481	609	6	,	,	PUNCT
cblr-12481	609	7	blackrock	blackrock	NOUN
cblr-12481	609	8	,	,	PUNCT
cblr-12481	609	9	with	with	ADP
cblr-12481	609	10	an	an	DET
cblr-12481	609	11	objective	objective	NOUN
cblr-12481	609	12	of	of	ADP
cblr-12481	609	13	democratizing	democratize	VERB
cblr-12481	609	14	participation	participation	NOUN
cblr-12481	609	15	in	in	ADP
cblr-12481	609	16	proxy	proxy	ADJ
cblr-12481	609	17	voting	voting	NOUN
cblr-12481	609	18	,	,	PUNCT
cblr-12481	609	19	indicated	indicate	VERB
cblr-12481	609	20	that	that	SCONJ
cblr-12481	609	21	it	it	PRON
cblr-12481	609	22	would	would	AUX
cblr-12481	609	23	be	be	AUX
cblr-12481	609	24	expanding	expand	VERB
cblr-12481	609	25	client	client	NOUN
cblr-12481	609	26	eligibility	eligibility	NOUN
cblr-12481	609	27	for	for	ADP
cblr-12481	609	28	its	its	PRON
cblr-12481	609	29	“	"	PUNCT
cblr-12481	609	30	voting	voting	NOUN
cblr-12481	609	31	choice	choice	NOUN
cblr-12481	609	32	”	"	PUNCT
cblr-12481	609	33	program	program	NOUN
cblr-12481	609	34	and	and	CCONJ
cblr-12481	609	35	signaled	signal	VERB
cblr-12481	609	36	its	its	PRON
cblr-12481	609	37	ambition	ambition	NOUN
cblr-12481	609	38	to	to	PART
cblr-12481	609	39	expand	expand	VERB
cblr-12481	609	40	choice	choice	NOUN
cblr-12481	609	41	to	to	ADP
cblr-12481	609	42	“	"	PUNCT
cblr-12481	609	43	all	all	DET
cblr-12481	609	44	investors	investor	NOUN
cblr-12481	609	45	,	,	PUNCT
cblr-12481	609	46	including	include	VERB
cblr-12481	609	47	individual	individual	ADJ
cblr-12481	609	48	investors	investor	NOUN
cblr-12481	609	49	in	in	ADP
cblr-12481	609	50	funds	fund	NOUN
cblr-12481	609	51	.	.	PUNCT
cblr-12481	609	52	”	"	PUNCT
cblr-12481	610	1	see	see	VERB
cblr-12481	610	2	blackrock	blackrock	NOUN
cblr-12481	610	3	,	,	PUNCT
cblr-12481	610	4	it	it	PRON
cblr-12481	610	5	’s	’	VERB
cblr-12481	610	6	all	all	ADV
cblr-12481	610	7	about	about	ADP
cblr-12481	610	8	choice	choice	NOUN
cblr-12481	610	9	:	:	PUNCT
cblr-12481	610	10	empowering	empower	VERB
cblr-12481	610	11	investors	investor	NOUN
cblr-12481	610	12	through	through	ADP
cblr-12481	610	13	blackrock	blackrock	NOUN
cblr-12481	610	14	voting	voting	NOUN
cblr-12481	610	15	choice	choice	NOUN
cblr-12481	610	16	3	3	NUM
cblr-12481	610	17	(	(	PUNCT
cblr-12481	610	18	2022	2022	NUM
cblr-12481	610	19	)	)	PUNCT
cblr-12481	610	20	,	,	PUNCT
cblr-12481	610	21	https://www.blackrock.com/corporate/literature/publication/its-all-aboutchoice.pdf	https://www.blackrock.com/corporate/literature/publication/its-all-aboutchoice.pdf	PUNCT
cblr-12481	611	1	[	[	X
cblr-12481	611	2	https://perma.cc/7l7p-my8d	https://perma.cc/7l7p-my8d	NUM
cblr-12481	611	3	]	]	PUNCT
cblr-12481	611	4	.	.	PUNCT
cblr-12481	612	1	102	102	NUM
cblr-12481	612	2	see	see	VERB
cblr-12481	612	3	jeff	jeff	PROPN
cblr-12481	612	4	sommer	sommer	PROPN
cblr-12481	612	5	,	,	PUNCT
cblr-12481	612	6	a	a	DET
cblr-12481	612	7	glimpse	glimpse	NOUN
cblr-12481	612	8	of	of	ADP
cblr-12481	612	9	a	a	DET
cblr-12481	612	10	future	future	NOUN
cblr-12481	612	11	with	with	ADP
cblr-12481	612	12	true	true	ADJ
cblr-12481	612	13	shareholder	shareholder	NOUN
cblr-12481	612	14	democracy	democracy	NOUN
cblr-12481	612	15	,	,	PUNCT
cblr-12481	612	16	n.y	n.y	PROPN
cblr-12481	612	17	.	.	PROPN
cblr-12481	612	18	times	times	PROPN
cblr-12481	612	19	(	(	PUNCT
cblr-12481	612	20	may	may	PROPN
cblr-12481	612	21	21	21	NUM
cblr-12481	612	22	,	,	PUNCT
cblr-12481	612	23	2021	2021	NUM
cblr-12481	612	24	)	)	PUNCT
cblr-12481	612	25	,	,	PUNCT
cblr-12481	612	26	https://www.nytimes.com/2021/05/21/business/stock-funds-shareholder-democracy.html	https://www.nytimes.com/2021/05/21/business/stock-funds-shareholder-democracy.html	PROPN
cblr-12481	613	1	[	[	X
cblr-12481	613	2	on	on	ADP
cblr-12481	613	3	file	file	NOUN
cblr-12481	613	4	with	with	ADP
cblr-12481	613	5	the	the	DET
cblr-12481	613	6	columbia	columbia	PROPN
cblr-12481	613	7	business	business	PROPN
cblr-12481	613	8	law	law	PROPN
cblr-12481	613	9	review	review	PROPN
cblr-12481	613	10	]	]	PUNCT
cblr-12481	613	11	.	.	PUNCT
cblr-12481	614	1	103	103	NUM
cblr-12481	614	2	managerial	managerial	ADJ
cblr-12481	614	3	stakeholderism	stakeholderism	NOUN
cblr-12481	614	4	and	and	CCONJ
cblr-12481	614	5	enlightened	enlighten	VERB
cblr-12481	614	6	shareholder	shareholder	NOUN
cblr-12481	614	7	primacy	primacy	NOUN
cblr-12481	614	8	are	be	AUX
cblr-12481	614	9	distinct	distinct	ADJ
cblr-12481	614	10	esg	esg	NOUN
cblr-12481	614	11	paradigms	paradigm	VERB
cblr-12481	614	12	with	with	ADP
cblr-12481	614	13	differing	differ	VERB
cblr-12481	614	14	ends	end	NOUN
cblr-12481	614	15	(	(	PUNCT
cblr-12481	614	16	stakeholder	stakeholder	NOUN
cblr-12481	614	17	welfare	welfare	NOUN
cblr-12481	614	18	in	in	ADP
cblr-12481	614	19	the	the	DET
cblr-12481	614	20	case	case	NOUN
cblr-12481	614	21	of	of	ADP
cblr-12481	614	22	the	the	DET
cblr-12481	614	23	former	former	ADJ
cblr-12481	614	24	and	and	CCONJ
cblr-12481	614	25	shareholder	shareholder	NOUN
cblr-12481	614	26	welfare	welfare	NOUN
cblr-12481	614	27	in	in	ADP
cblr-12481	614	28	the	the	DET
cblr-12481	614	29	case	case	NOUN
cblr-12481	614	30	of	of	ADP
cblr-12481	614	31	the	the	DET
cblr-12481	614	32	latter	latter	ADJ
cblr-12481	614	33	)	)	PUNCT
cblr-12481	614	34	.	.	PUNCT
cblr-12481	615	1	however	however	ADV
cblr-12481	615	2	,	,	PUNCT
cblr-12481	615	3	from	from	ADP
cblr-12481	615	4	a	a	DET
cblr-12481	615	5	governance	governance	NOUN
cblr-12481	615	6	perspective	perspective	NOUN
cblr-12481	615	7	they	they	PRON
cblr-12481	615	8	share	share	VERB
cblr-12481	615	9	a	a	DET
cblr-12481	615	10	parallel	parallel	ADJ
cblr-12481	615	11	set	set	NOUN
cblr-12481	615	12	of	of	ADP
cblr-12481	615	13	agency	agency	NOUN
cblr-12481	615	14	challenges	challenge	NOUN
cblr-12481	615	15	between	between	ADP
cblr-12481	615	16	managers	manager	NOUN
cblr-12481	615	17	and	and	CCONJ
cblr-12481	615	18	stakeholders	stakeholder	NOUN
cblr-12481	615	19	,	,	PUNCT
cblr-12481	615	20	in	in	ADP
cblr-12481	615	21	the	the	DET
cblr-12481	615	22	case	case	NOUN
cblr-12481	615	23	of	of	ADP
cblr-12481	615	24	the	the	DET
cblr-12481	615	25	former	former	ADJ
cblr-12481	615	26	,	,	PUNCT
cblr-12481	615	27	or	or	CCONJ
cblr-12481	615	28	managers	manager	NOUN
cblr-12481	615	29	and	and	CCONJ
cblr-12481	615	30	shareholders	shareholder	NOUN
cblr-12481	615	31	,	,	PUNCT
cblr-12481	615	32	in	in	ADP
cblr-12481	615	33	the	the	DET
cblr-12481	615	34	case	case	NOUN
cblr-12481	615	35	of	of	ADP
cblr-12481	615	36	the	the	DET
cblr-12481	615	37	latter	latter	ADJ
cblr-12481	615	38	.	.	PUNCT
cblr-12481	616	1	864	864	NUM
cblr-12481	616	2	columbia	columbia	PROPN
cblr-12481	616	3	business	business	NOUN
cblr-12481	616	4	law	law	PROPN
cblr-12481	616	5	review	review	NOUN
cblr-12481	616	6	[	[	X
cblr-12481	616	7	vol	vol	NOUN
cblr-12481	616	8	.	.	PUNCT
cblr-12481	616	9	2023	2023	NUM
cblr-12481	616	10	managerial	managerial	ADJ
cblr-12481	616	11	stakeholderism104	stakeholderism104	PROPN
cblr-12481	616	12	or	or	CCONJ
cblr-12481	616	13	enlightened	enlighten	VERB
cblr-12481	616	14	shareholder	shareholder	NOUN
cblr-12481	617	1	primacy,105	primacy,105	PROPN
cblr-12481	617	2	managerialism	managerialism	NOUN
cblr-12481	617	3	introduces	introduce	VERB
cblr-12481	617	4	agency	agency	NOUN
cblr-12481	617	5	costs	cost	NOUN
cblr-12481	617	6	,	,	PUNCT
cblr-12481	617	7	as	as	SCONJ
cblr-12481	617	8	stakeholders	stakeholder	NOUN
cblr-12481	617	9	and	and	CCONJ
cblr-12481	617	10	managers	manager	NOUN
cblr-12481	617	11	have	have	VERB
cblr-12481	617	12	no	no	DET
cblr-12481	617	13	principal	principal	ADJ
cblr-12481	617	14	-	-	PUNCT
cblr-12481	617	15	agent	agent	NOUN
cblr-12481	617	16	relationship	relationship	NOUN
cblr-12481	617	17	.	.	PUNCT
cblr-12481	618	1	1	1	X
cblr-12481	618	2	.	.	X
cblr-12481	618	3	managerial	managerial	ADJ
cblr-12481	618	4	stakeholderism	stakeholderism	NOUN
cblr-12481	618	5	managerial	managerial	PROPN
cblr-12481	618	6	stakeholderism	stakeholderism	NOUN
cblr-12481	618	7	as	as	ADP
cblr-12481	618	8	a	a	DET
cblr-12481	618	9	governance	governance	NOUN
cblr-12481	618	10	proposal	proposal	NOUN
cblr-12481	618	11	is	be	AUX
cblr-12481	618	12	evidenced	evidence	VERB
cblr-12481	618	13	in	in	ADP
cblr-12481	618	14	the	the	DET
cblr-12481	618	15	business	business	NOUN
cblr-12481	618	16	roundtable	roundtable	ADJ
cblr-12481	618	17	2019	2019	NUM
cblr-12481	618	18	statement	statement	NOUN
cblr-12481	618	19	on	on	ADP
cblr-12481	618	20	the	the	DET
cblr-12481	618	21	purpose	purpose	NOUN
cblr-12481	618	22	of	of	ADP
cblr-12481	618	23	the	the	DET
cblr-12481	618	24	corporation	corporation	NOUN
cblr-12481	618	25	.	.	PUNCT
cblr-12481	619	1	more	more	ADJ
cblr-12481	619	2	than	than	ADP
cblr-12481	619	3	200	200	NUM
cblr-12481	619	4	ceo	ceo	NOUN
cblr-12481	619	5	members	member	NOUN
cblr-12481	619	6	of	of	ADP
cblr-12481	619	7	the	the	DET
cblr-12481	619	8	business	business	NOUN
cblr-12481	619	9	roundtable	roundtable	NOUN
cblr-12481	619	10	affirmed	affirm	VERB
cblr-12481	619	11	a	a	DET
cblr-12481	619	12	commitment	commitment	NOUN
cblr-12481	619	13	to	to	ADP
cblr-12481	619	14	stakeholder	stakeholder	NOUN
cblr-12481	619	15	governance	governance	NOUN
cblr-12481	619	16	,	,	PUNCT
cblr-12481	619	17	“	"	PUNCT
cblr-12481	619	18	outlin[ing	outlin[e	VERB
cblr-12481	619	19	]	]	PUNCT
cblr-12481	619	20	a	a	DET
cblr-12481	619	21	modern	modern	ADJ
cblr-12481	619	22	standard	standard	NOUN
cblr-12481	619	23	for	for	ADP
cblr-12481	619	24	corporate	corporate	ADJ
cblr-12481	619	25	responsibility	responsibility	NOUN
cblr-12481	619	26	”	"	PUNCT
cblr-12481	619	27	and	and	CCONJ
cblr-12481	619	28	asserting	assert	VERB
cblr-12481	619	29	“	"	PUNCT
cblr-12481	619	30	a	a	DET
cblr-12481	619	31	fundamental	fundamental	ADJ
cblr-12481	619	32	commitment	commitment	NOUN
cblr-12481	619	33	to	to	ADP
cblr-12481	619	34	all	all	PRON
cblr-12481	619	35	of	of	ADP
cblr-12481	619	36	[	[	PUNCT
cblr-12481	619	37	a	a	DET
cblr-12481	619	38	company	company	NOUN
cblr-12481	619	39	’s	’s	PART
cblr-12481	619	40	]	]	PUNCT
cblr-12481	619	41	stakeholders	stakeholder	NOUN
cblr-12481	619	42	.	.	PUNCT
cblr-12481	619	43	”106	”106	PUNCT
cblr-12481	620	1	the	the	DET
cblr-12481	620	2	statement	statement	NOUN
cblr-12481	620	3	was	be	AUX
cblr-12481	620	4	characterized	characterize	VERB
cblr-12481	620	5	as	as	ADP
cblr-12481	620	6	a	a	DET
cblr-12481	620	7	radical	radical	ADJ
cblr-12481	620	8	departure	departure	NOUN
cblr-12481	620	9	from	from	ADP
cblr-12481	620	10	fifty	fifty	NUM
cblr-12481	620	11	years	year	NOUN
cblr-12481	620	12	of	of	ADP
cblr-12481	620	13	shareholder	shareholder	NOUN
cblr-12481	620	14	primacy,107	primacy,107	PUNCT
cblr-12481	621	1	“	"	PUNCT
cblr-12481	621	2	reframing	reframe	VERB
cblr-12481	621	3	the	the	DET
cblr-12481	621	4	purpose	purpose	NOUN
cblr-12481	621	5	of	of	ADP
cblr-12481	621	6	business	business	NOUN
cblr-12481	621	7	and	and	CCONJ
cblr-12481	621	8	corporations	corporation	NOUN
cblr-12481	621	9	as	as	ADP
cblr-12481	621	10	stakeholder	stakeholder	NOUN
cblr-12481	621	11	value	value	NOUN
cblr-12481	621	12	,	,	PUNCT
cblr-12481	621	13	not	not	PART
cblr-12481	621	14	solely	solely	ADV
cblr-12481	621	15	shareholder	shareholder	NOUN
cblr-12481	621	16	value	value	NOUN
cblr-12481	621	17	.	.	PUNCT
cblr-12481	622	1	”108	”108	NOUN
cblr-12481	622	2	signatory	signatory	ADJ
cblr-12481	622	3	ceos	ceo	NOUN
cblr-12481	622	4	have	have	AUX
cblr-12481	622	5	staked	stake	VERB
cblr-12481	622	6	out	out	ADP
cblr-12481	622	7	positions	position	NOUN
cblr-12481	622	8	on	on	ADP
cblr-12481	622	9	nearly	nearly	ADV
cblr-12481	622	10	every	every	PRON
cblr-12481	622	11	recent	recent	ADJ
cblr-12481	622	12	political	political	ADJ
cblr-12481	622	13	or	or	CCONJ
cblr-12481	622	14	social	social	ADJ
cblr-12481	622	15	issue	issue	NOUN
cblr-12481	622	16	of	of	ADP
cblr-12481	622	17	national	national	ADJ
cblr-12481	622	18	importance	importance	NOUN
cblr-12481	622	19	,	,	PUNCT
cblr-12481	622	20	including	include	VERB
cblr-12481	622	21	racial	racial	ADJ
cblr-12481	622	22	justice	justice	NOUN
cblr-12481	622	23	,	,	PUNCT
cblr-12481	622	24	lgbtq	lgbtq	PROPN
cblr-12481	622	25	rights	right	NOUN
cblr-12481	622	26	,	,	PUNCT
cblr-12481	622	27	gun	gun	NOUN
cblr-12481	622	28	control	control	NOUN
cblr-12481	622	29	,	,	PUNCT
cblr-12481	622	30	abortion	abortion	NOUN
cblr-12481	622	31	rights	right	NOUN
cblr-12481	622	32	,	,	PUNCT
cblr-12481	622	33	immigration	immigration	NOUN
cblr-12481	622	34	,	,	PUNCT
cblr-12481	622	35	and	and	CCONJ
cblr-12481	622	36	many	many	ADJ
cblr-12481	622	37	others.109	others.109	ADJ
cblr-12481	622	38	managers	manager	NOUN
cblr-12481	622	39	justify	justify	VERB
cblr-12481	622	40	104	104	NUM
cblr-12481	622	41	see	see	NOUN
cblr-12481	622	42	supra	supra	PROPN
cblr-12481	622	43	section	section	PROPN
cblr-12481	622	44	ii.c.2	ii.c.2	PROPN
cblr-12481	622	45	.	.	PUNCT
cblr-12481	623	1	105	105	NUM
cblr-12481	623	2	see	see	VERB
cblr-12481	623	3	supra	supra	PROPN
cblr-12481	623	4	section	section	NOUN
cblr-12481	623	5	ii.c.1	ii.c.1	NOUN
cblr-12481	623	6	.	.	PUNCT
cblr-12481	624	1	106	106	NUM
cblr-12481	624	2	business	business	NOUN
cblr-12481	624	3	roundtable	roundtable	PROPN
cblr-12481	624	4	redefines	redefine	VERB
cblr-12481	624	5	the	the	DET
cblr-12481	624	6	purpose	purpose	NOUN
cblr-12481	624	7	of	of	ADP
cblr-12481	624	8	a	a	DET
cblr-12481	624	9	corporation	corporation	NOUN
cblr-12481	624	10	to	to	PART
cblr-12481	624	11	promote	promote	VERB
cblr-12481	624	12	‘	'	PUNCT
cblr-12481	624	13	an	an	DET
cblr-12481	624	14	economy	economy	NOUN
cblr-12481	624	15	that	that	PRON
cblr-12481	624	16	serves	serve	VERB
cblr-12481	624	17	all	all	DET
cblr-12481	624	18	americans	americans	PROPN
cblr-12481	624	19	,	,	PUNCT
cblr-12481	624	20	’	'	PUNCT
cblr-12481	624	21	bus	bus	NOUN
cblr-12481	624	22	.	.	PUNCT
cblr-12481	625	1	roundtable	roundtable	ADJ
cblr-12481	625	2	(	(	PUNCT
cblr-12481	625	3	aug	aug	PROPN
cblr-12481	625	4	.	.	PROPN
cblr-12481	625	5	19	19	NUM
cblr-12481	625	6	,	,	PUNCT
cblr-12481	625	7	2019	2019	NUM
cblr-12481	625	8	)	)	PUNCT
cblr-12481	625	9	,	,	PUNCT
cblr-12481	625	10	https://www.businessroundtable.org/business-roundtable-redefinesthe-purpose-of-a-corporation-to-promote-an-economy-that-serves-all-americans	https://www.businessroundtable.org/business-roundtable-redefinesthe-purpose-of-a-corporation-to-promote-an-economy-that-serves-all-american	NOUN
cblr-12481	626	1	[	[	X
cblr-12481	626	2	https://perma.cc/2abu-8qgc	https://perma.cc/2abu-8qgc	X
cblr-12481	626	3	]	]	X
cblr-12481	626	4	.	.	PUNCT
cblr-12481	627	1	107	107	NUM
cblr-12481	627	2	david	david	PROPN
cblr-12481	627	3	gelles	gelles	PROPN
cblr-12481	627	4	&	&	CCONJ
cblr-12481	627	5	david	david	PROPN
cblr-12481	627	6	yaffe	yaffe	PROPN
cblr-12481	627	7	-	-	PUNCT
cblr-12481	627	8	bellany	bellany	NOUN
cblr-12481	627	9	,	,	PUNCT
cblr-12481	627	10	shareholder	shareholder	NOUN
cblr-12481	627	11	value	value	NOUN
cblr-12481	627	12	is	be	AUX
cblr-12481	627	13	no	no	PRON
cblr-12481	627	14	longer	long	ADV
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cblr-12481	627	16	,	,	PUNCT
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cblr-12481	627	19	say	say	VERB
cblr-12481	627	20	,	,	PUNCT
cblr-12481	627	21	n.y	n.y	PROPN
cblr-12481	627	22	.	.	PROPN
cblr-12481	627	23	times	times	PROPN
cblr-12481	627	24	(	(	PUNCT
cblr-12481	627	25	aug	aug	PROPN
cblr-12481	627	26	.	.	PROPN
cblr-12481	627	27	19	19	NUM
cblr-12481	627	28	,	,	PUNCT
cblr-12481	627	29	2019	2019	NUM
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cblr-12481	627	31	,	,	PUNCT
cblr-12481	627	32	https://www.nytimes.com/2019/08/19/business/business-roundtable-ceoscorporations.html	https://www.nytimes.com/2019/08/19/business/business-roundtable-ceoscorporations.html	VERB
cblr-12481	628	1	[	[	X
cblr-12481	628	2	on	on	ADP
cblr-12481	628	3	file	file	NOUN
cblr-12481	628	4	with	with	ADP
cblr-12481	628	5	the	the	DET
cblr-12481	628	6	columbia	columbia	PROPN
cblr-12481	628	7	business	business	PROPN
cblr-12481	628	8	law	law	PROPN
cblr-12481	628	9	review	review	PROPN
cblr-12481	628	10	]	]	PUNCT
cblr-12481	628	11	.	.	PUNCT
cblr-12481	629	1	108	108	NUM
cblr-12481	629	2	jim	jim	PROPN
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cblr-12481	629	4	&	&	CCONJ
cblr-12481	629	5	amber	amber	PROPN
cblr-12481	629	6	johnson	johnson	PROPN
cblr-12481	629	7	,	,	PUNCT
cblr-12481	629	8	the	the	DET
cblr-12481	629	9	purpose	purpose	NOUN
cblr-12481	629	10	of	of	ADP
cblr-12481	629	11	the	the	DET
cblr-12481	629	12	corporation	corporation	NOUN
cblr-12481	629	13	?	?	PUNCT
cblr-12481	630	1	business	business	NOUN
cblr-12481	630	2	roundtable	roundtable	ADJ
cblr-12481	630	3	advances	advance	VERB
cblr-12481	630	4	the	the	DET
cblr-12481	630	5	conversation	conversation	NOUN
cblr-12481	630	6	,	,	PUNCT
cblr-12481	630	7	now	now	ADV
cblr-12481	630	8	we	we	PRON
cblr-12481	630	9	all	all	PRON
cblr-12481	630	10	need	need	VERB
cblr-12481	630	11	to	to	PART
cblr-12481	630	12	contribute	contribute	VERB
cblr-12481	630	13	,	,	PUNCT
cblr-12481	630	14	forbes	forbes	PROPN
cblr-12481	630	15	(	(	PUNCT
cblr-12481	630	16	aug	aug	PROPN
cblr-12481	630	17	.	.	PROPN
cblr-12481	630	18	20	20	NUM
cblr-12481	630	19	,	,	PUNCT
cblr-12481	630	20	2019	2019	NUM
cblr-12481	630	21	)	)	PUNCT
cblr-12481	630	22	,	,	PUNCT
cblr-12481	630	23	https://www.forbes.com/sites/amberjohnson-jimludema/2019/08/20/the-purpose-of-the-corporation/?sh=62d47cd33846	https://www.forbes.com/sites/amberjohnson-jimludema/2019/08/20/the-purpose-of-the-corporation/?sh=62d47cd33846	VERB
cblr-12481	630	24	[	[	X
cblr-12481	630	25	https://perma.cc/x82t-9aby	https://perma.cc/x82t-9aby	X
cblr-12481	630	26	]	]	PUNCT
cblr-12481	630	27	.	.	PUNCT
cblr-12481	631	1	109	109	NUM
cblr-12481	631	2	see	see	NOUN
cblr-12481	631	3	,	,	PUNCT
cblr-12481	631	4	e.g.	e.g.	ADV
cblr-12481	631	5	,	,	PUNCT
cblr-12481	631	6	‘	'	PUNCT
cblr-12481	631	7	bathroom	bathroom	NOUN
cblr-12481	631	8	bill	bill	NOUN
cblr-12481	631	9	’	'	PUNCT
cblr-12481	631	10	to	to	PART
cblr-12481	631	11	cost	cost	VERB
cblr-12481	631	12	north	north	PROPN
cblr-12481	631	13	carolina	carolina	PROPN
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cblr-12481	631	15	3.76	3.76	NUM
cblr-12481	631	16	billion	billion	NUM
cblr-12481	631	17	,	,	PUNCT
cblr-12481	631	18	cnbc	cnbc	PROPN
cblr-12481	631	19	(	(	PUNCT
cblr-12481	631	20	mar	mar	PROPN
cblr-12481	631	21	.	.	PROPN
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cblr-12481	631	23	,	,	PUNCT
cblr-12481	631	24	2017	2017	NUM
cblr-12481	631	25	)	)	PUNCT
cblr-12481	631	26	,	,	PUNCT
cblr-12481	631	27	https://www.cnbc.com/2017/03/27/bathroom-bill-tocost-north-carolina-376-billion.html	https://www.cnbc.com/2017/03/27/bathroom-bill-tocost-north-carolina-376-billion.html	PROPN
cblr-12481	632	1	[	[	X
cblr-12481	632	2	https://perma.cc/pm7b-ev2c	https://perma.cc/pm7b-ev2c	X
cblr-12481	632	3	]	]	X
cblr-12481	632	4	(	(	PUNCT
cblr-12481	632	5	discussing	discuss	VERB
cblr-12481	632	6	corporate	corporate	ADJ
cblr-12481	632	7	reaction	reaction	NOUN
cblr-12481	632	8	to	to	ADP
cblr-12481	632	9	n.c	n.c	PROPN
cblr-12481	632	10	.	.	PROPN
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cblr-12481	632	17	,	,	PUNCT
cblr-12481	632	18	deutsche	deutsche	PROPN
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cblr-12481	632	21	and	and	CCONJ
cblr-12481	632	22	adidas	adidas	PROPN
cblr-12481	632	23	)	)	PUNCT
cblr-12481	632	24	;	;	PUNCT
cblr-12481	632	25	david	david	PROPN
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cblr-12481	632	27	,	,	PUNCT
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cblr-12481	632	30	.	.	PUNCT
cblr-12481	633	1	taking	take	VERB
cblr-12481	633	2	on	on	ADP
cblr-12481	633	3	the	the	DET
cblr-12481	633	4	gun	gun	NOUN
cblr-12481	633	5	lobby	lobby	NOUN
cblr-12481	633	6	,	,	PUNCT
cblr-12481	633	7	n.y	n.y	PROPN
cblr-12481	633	8	.	.	PROPN
cblr-12481	633	9	times	times	PROPN
cblr-12481	633	10	(	(	PUNCT
cblr-12481	633	11	oct	oct	PROPN
cblr-12481	633	12	.	.	PROPN
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cblr-12481	633	14	,	,	PUNCT
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cblr-12481	633	17	,	,	PUNCT
cblr-12481	633	18	no	no	INTJ
cblr-12481	633	19	.	.	NOUN
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cblr-12481	633	21	]	]	X
cblr-12481	633	22	corporate	corporate	ADJ
cblr-12481	633	23	technocracy	technocracy	NOUN
cblr-12481	633	24	865	865	NUM
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cblr-12481	633	30	and	and	CCONJ
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cblr-12481	633	33	in	in	ADP
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cblr-12481	633	35	debate	debate	NOUN
cblr-12481	633	36	as	as	ADP
cblr-12481	633	37	a	a	DET
cblr-12481	633	38	counterbalance	counterbalance	NOUN
cblr-12481	633	39	to	to	ADP
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cblr-12481	633	41	,	,	PUNCT
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cblr-12481	633	43	that	that	SCONJ
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cblr-12481	633	45	corporate	corporate	ADJ
cblr-12481	633	46	america	america	PROPN
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cblr-12481	633	48	government	government	NOUN
cblr-12481	633	49	accountable	accountable	ADJ
cblr-12481	633	50	and	and	CCONJ
cblr-12481	633	51	speaks	speak	VERB
cblr-12481	633	52	out	out	ADP
cblr-12481	633	53	on	on	ADP
cblr-12481	633	54	important	important	ADJ
cblr-12481	633	55	issues	issue	NOUN
cblr-12481	633	56	.	.	PUNCT
cblr-12481	633	57	”110	”110	PUNCT
cblr-12481	633	58	https://www.nytimes.com/2019/10/25/business/ed-stack-dicks-sportinggoods-corner-office.html	https://www.nytimes.com/2019/10/25/business/ed-stack-dicks-sportinggoods-corner-office.html	PUNCT
cblr-12481	634	1	[	[	X
cblr-12481	634	2	on	on	ADP
cblr-12481	634	3	file	file	NOUN
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cblr-12481	634	6	columbia	columbia	PROPN
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cblr-12481	634	11	(	(	PUNCT
cblr-12481	634	12	discussing	discuss	VERB
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cblr-12481	634	14	activism	activism	NOUN
cblr-12481	634	15	on	on	ADP
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cblr-12481	634	18	by	by	ADP
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cblr-12481	634	22	and	and	CCONJ
cblr-12481	634	23	dick	dick	PROPN
cblr-12481	634	24	’s	’s	PART
cblr-12481	634	25	sporting	sporting	NOUN
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cblr-12481	634	27	)	)	PUNCT
cblr-12481	634	28	;	;	PUNCT
cblr-12481	634	29	alex	alex	PROPN
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cblr-12481	634	31	,	,	PUNCT
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cblr-12481	634	33	,	,	PUNCT
cblr-12481	634	34	google	google	PROPN
cblr-12481	634	35	,	,	PUNCT
cblr-12481	634	36	facebook	facebook	PROPN
cblr-12481	634	37	and	and	CCONJ
cblr-12481	634	38	microsoft	microsoft	PROPN
cblr-12481	634	39	file	file	NOUN
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cblr-12481	634	41	to	to	PART
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cblr-12481	634	44	travel	travel	NOUN
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cblr-12481	634	46	,	,	PUNCT
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cblr-12481	634	48	(	(	PUNCT
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cblr-12481	634	52	,	,	PUNCT
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cblr-12481	635	7	100	100	NUM
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cblr-12481	637	11	(	(	PUNCT
cblr-12481	637	12	discussing	discuss	VERB
cblr-12481	637	13	corporate	corporate	ADJ
cblr-12481	637	14	actions	action	NOUN
cblr-12481	637	15	taken	take	VERB
cblr-12481	637	16	by	by	ADP
cblr-12481	637	17	twitter	twitter	NOUN
cblr-12481	637	18	,	,	PUNCT
cblr-12481	637	19	simon	simon	PROPN
cblr-12481	637	20	&	&	CCONJ
cblr-12481	637	21	schuster	schuster	PROPN
cblr-12481	637	22	,	,	PUNCT
cblr-12481	637	23	airbnb	airbnb	PROPN
cblr-12481	637	24	,	,	PUNCT
cblr-12481	637	25	stripe	stripe	NOUN
cblr-12481	637	26	,	,	PUNCT
cblr-12481	637	27	and	and	CCONJ
cblr-12481	637	28	others	other	NOUN
cblr-12481	637	29	in	in	ADP
cblr-12481	637	30	the	the	DET
cblr-12481	637	31	wake	wake	NOUN
cblr-12481	637	32	of	of	ADP
cblr-12481	637	33	the	the	DET
cblr-12481	637	34	u.s	u.s	PROPN
cblr-12481	637	35	.	.	PROPN
cblr-12481	637	36	capitol	capitol	PROPN
cblr-12481	637	37	riot	riot	NOUN
cblr-12481	637	38	)	)	PUNCT
cblr-12481	637	39	;	;	PUNCT
cblr-12481	637	40	david	david	PROPN
cblr-12481	637	41	gelles	gelles	PROPN
cblr-12481	637	42	&	&	CCONJ
cblr-12481	637	43	andrew	andrew	PROPN
cblr-12481	637	44	ross	ross	PROPN
cblr-12481	637	45	sorkin	sorkin	PROPN
cblr-12481	637	46	,	,	PUNCT
cblr-12481	637	47	hundreds	hundred	NOUN
cblr-12481	637	48	of	of	ADP
cblr-12481	637	49	companies	company	NOUN
cblr-12481	637	50	unite	unite	VERB
cblr-12481	637	51	to	to	PART
cblr-12481	637	52	oppose	oppose	VERB
cblr-12481	637	53	voting	voting	NOUN
cblr-12481	637	54	limits	limit	NOUN
cblr-12481	637	55	,	,	PUNCT
cblr-12481	637	56	but	but	CCONJ
cblr-12481	637	57	others	other	NOUN
cblr-12481	637	58	abstain	abstain	VERB
cblr-12481	637	59	,	,	PUNCT
cblr-12481	637	60	n.y	n.y	PROPN
cblr-12481	637	61	.	.	PROPN
cblr-12481	637	62	times	times	PROPN
cblr-12481	637	63	(	(	PUNCT
cblr-12481	637	64	apr	apr	PROPN
cblr-12481	637	65	.	.	PROPN
cblr-12481	637	66	14	14	NUM
cblr-12481	637	67	,	,	PUNCT
cblr-12481	637	68	2021	2021	NUM
cblr-12481	637	69	)	)	PUNCT
cblr-12481	637	70	,	,	PUNCT
cblr-12481	637	71	https://www.nytimes.com/2021/04/14/business/ceos-corporate-america-voting-rights.html	https://www.nytimes.com/2021/04/14/business/ceos-corporate-america-voting-rights.html	NOUN
cblr-12481	638	1	[	[	X
cblr-12481	638	2	on	on	ADP
cblr-12481	638	3	file	file	NOUN
cblr-12481	638	4	with	with	ADP
cblr-12481	638	5	the	the	DET
cblr-12481	638	6	columbia	columbia	PROPN
cblr-12481	638	7	business	business	PROPN
cblr-12481	638	8	law	law	PROPN
cblr-12481	638	9	review	review	PROPN
cblr-12481	638	10	]	]	X
cblr-12481	638	11	(	(	PUNCT
cblr-12481	638	12	discussing	discuss	VERB
cblr-12481	638	13	the	the	DET
cblr-12481	638	14	decisions	decision	NOUN
cblr-12481	638	15	of	of	ADP
cblr-12481	638	16	amazon	amazon	NOUN
cblr-12481	638	17	,	,	PUNCT
cblr-12481	638	18	blackrock	blackrock	NOUN
cblr-12481	638	19	,	,	PUNCT
cblr-12481	638	20	google	google	PROPN
cblr-12481	638	21	,	,	PUNCT
cblr-12481	638	22	and	and	CCONJ
cblr-12481	638	23	other	other	ADJ
cblr-12481	638	24	companies	company	NOUN
cblr-12481	638	25	to	to	PART
cblr-12481	638	26	sign	sign	VERB
cblr-12481	638	27	onto	onto	ADP
cblr-12481	638	28	a	a	DET
cblr-12481	638	29	statement	statement	NOUN
cblr-12481	638	30	opposing	oppose	VERB
cblr-12481	638	31	discriminatory	discriminatory	ADJ
cblr-12481	638	32	voting	voting	NOUN
cblr-12481	638	33	legislation	legislation	NOUN
cblr-12481	638	34	)	)	PUNCT
cblr-12481	638	35	;	;	PUNCT
cblr-12481	638	36	emma	emma	PROPN
cblr-12481	638	37	goldberg	goldberg	PROPN
cblr-12481	638	38	&	&	CCONJ
cblr-12481	638	39	lora	lora	PROPN
cblr-12481	638	40	kelley	kelley	PROPN
cblr-12481	638	41	,	,	PUNCT
cblr-12481	638	42	companies	company	NOUN
cblr-12481	638	43	are	be	AUX
cblr-12481	638	44	more	more	ADV
cblr-12481	638	45	vocal	vocal	ADJ
cblr-12481	638	46	than	than	ADP
cblr-12481	638	47	ever	ever	ADV
cblr-12481	638	48	on	on	ADP
cblr-12481	638	49	social	social	ADJ
cblr-12481	638	50	issues	issue	NOUN
cblr-12481	638	51	.	.	PUNCT
cblr-12481	639	1	not	not	PART
cblr-12481	639	2	on	on	ADP
cblr-12481	639	3	abortion	abortion	NOUN
cblr-12481	639	4	.	.	PUNCT
cblr-12481	639	5	,	,	PUNCT
cblr-12481	639	6	n.y	n.y	PROPN
cblr-12481	639	7	.	.	PROPN
cblr-12481	639	8	times	times	PROPN
cblr-12481	639	9	(	(	PUNCT
cblr-12481	639	10	jun	jun	PROPN
cblr-12481	639	11	.	.	PROPN
cblr-12481	639	12	24	24	NUM
cblr-12481	639	13	,	,	PUNCT
cblr-12481	639	14	2022	2022	NUM
cblr-12481	639	15	)	)	PUNCT
cblr-12481	639	16	,	,	PUNCT
cblr-12481	639	17	https://www.nytimes.com/2022/06/24/business/abortion-roe-wade-companies.html	https://www.nytimes.com/2022/06/24/business/abortion-roe-wade-companies.html	AUX
cblr-12481	639	18	[	[	PUNCT
cblr-12481	639	19	on	on	ADP
cblr-12481	639	20	file	file	NOUN
cblr-12481	639	21	with	with	ADP
cblr-12481	639	22	the	the	DET
cblr-12481	639	23	columbia	columbia	PROPN
cblr-12481	639	24	business	business	PROPN
cblr-12481	639	25	law	law	PROPN
cblr-12481	639	26	review	review	PROPN
cblr-12481	639	27	]	]	X
cblr-12481	639	28	(	(	PUNCT
cblr-12481	639	29	discussing	discuss	VERB
cblr-12481	639	30	a	a	DET
cblr-12481	639	31	range	range	NOUN
cblr-12481	639	32	of	of	ADP
cblr-12481	639	33	corporate	corporate	ADJ
cblr-12481	639	34	actions	action	NOUN
cblr-12481	639	35	after	after	ADP
cblr-12481	639	36	dobbs	dobbs	PROPN
cblr-12481	639	37	v.	v.	PROPN
cblr-12481	639	38	jackson	jackson	PROPN
cblr-12481	639	39	women	women	PROPN
cblr-12481	639	40	’s	’s	PART
cblr-12481	639	41	health	health	NOUN
cblr-12481	639	42	organization	organization	NOUN
cblr-12481	639	43	,	,	PUNCT
cblr-12481	639	44	where	where	SCONJ
cblr-12481	639	45	some	some	DET
cblr-12481	639	46	companies	company	NOUN
cblr-12481	639	47	,	,	PUNCT
cblr-12481	639	48	like	like	ADP
cblr-12481	639	49	starbucks	starbuck	NOUN
cblr-12481	639	50	,	,	PUNCT
cblr-12481	639	51	tesla	tesla	PROPN
cblr-12481	639	52	,	,	PUNCT
cblr-12481	639	53	yelp	yelp	NOUN
cblr-12481	639	54	,	,	PUNCT
cblr-12481	639	55	and	and	CCONJ
cblr-12481	639	56	others	other	NOUN
cblr-12481	639	57	,	,	PUNCT
cblr-12481	639	58	said	say	VERB
cblr-12481	639	59	they	they	PRON
cblr-12481	639	60	would	would	AUX
cblr-12481	639	61	cover	cover	VERB
cblr-12481	639	62	employee	employee	NOUN
cblr-12481	639	63	travel	travel	NOUN
cblr-12481	639	64	expenses	expense	NOUN
cblr-12481	639	65	for	for	ADP
cblr-12481	639	66	abortions	abortion	NOUN
cblr-12481	639	67	)	)	PUNCT
cblr-12481	639	68	.	.	PUNCT
cblr-12481	640	1	110	110	NUM
cblr-12481	640	2	clare	clare	PROPN
cblr-12481	640	3	duffy	duffy	PROPN
cblr-12481	640	4	,	,	PUNCT
cblr-12481	640	5	lyft	lyft	NOUN
cblr-12481	640	6	general	general	ADJ
cblr-12481	640	7	counsel	counsel	NOUN
cblr-12481	640	8	:	:	PUNCT
cblr-12481	640	9	i	i	PRON
cblr-12481	640	10	hope	hope	VERB
cblr-12481	640	11	that	that	SCONJ
cblr-12481	640	12	more	more	ADJ
cblr-12481	640	13	of	of	ADP
cblr-12481	640	14	corporate	corporate	ADJ
cblr-12481	640	15	america	america	PROPN
cblr-12481	640	16	takes	take	VERB
cblr-12481	640	17	a	a	DET
cblr-12481	640	18	stand	stand	NOUN
cblr-12481	640	19	on	on	ADP
cblr-12481	640	20	texas	texas	PROPN
cblr-12481	640	21	abortion	abortion	NOUN
cblr-12481	640	22	law	law	NOUN
cblr-12481	640	23	,	,	PUNCT
cblr-12481	640	24	cnn	cnn	PROPN
cblr-12481	640	25	(	(	PUNCT
cblr-12481	640	26	sept	sept	PROPN
cblr-12481	640	27	.	.	PROPN
cblr-12481	640	28	6	6	NUM
cblr-12481	640	29	,	,	PUNCT
cblr-12481	640	30	2021	2021	NUM
cblr-12481	640	31	)	)	PUNCT
cblr-12481	640	32	,	,	PUNCT
cblr-12481	640	33	https://www.cnn.com/2021/09/06/tech/lyft-general-counsel-texas-abortionlaw-response/index.html	https://www.cnn.com/2021/09/06/tech/lyft-general-counsel-texas-abortionlaw-response/index.html	VERB
cblr-12481	641	1	[	[	X
cblr-12481	641	2	https://perma.cc/lc4y-fpjk	https://perma.cc/lc4y-fpjk	X
cblr-12481	641	3	]	]	X
cblr-12481	641	4	(	(	PUNCT
cblr-12481	641	5	interviewing	interview	VERB
cblr-12481	641	6	lyft	lyft	NOUN
cblr-12481	641	7	’s	’s	PART
cblr-12481	641	8	general	general	ADJ
cblr-12481	641	9	counsel	counsel	NOUN
cblr-12481	641	10	who	who	PRON
cblr-12481	641	11	defended	defend	VERB
cblr-12481	641	12	the	the	DET
cblr-12481	641	13	company	company	NOUN
cblr-12481	641	14	’s	’s	PART
cblr-12481	641	15	stance	stance	NOUN
cblr-12481	641	16	as	as	ADP
cblr-12481	641	17	executives	executive	NOUN
cblr-12481	641	18	866	866	PROPN
cblr-12481	641	19	columbia	columbia	PROPN
cblr-12481	641	20	business	business	PROPN
cblr-12481	641	21	law	law	PROPN
cblr-12481	641	22	review	review	NOUN
cblr-12481	641	23	[	[	X
cblr-12481	641	24	vol	vol	NOUN
cblr-12481	641	25	.	.	PUNCT
cblr-12481	641	26	2023	2023	NUM
cblr-12481	641	27	managerial	managerial	ADJ
cblr-12481	641	28	stakeholderism	stakeholderism	NOUN
cblr-12481	641	29	is	be	AUX
cblr-12481	641	30	vulnerable	vulnerable	ADJ
cblr-12481	641	31	to	to	ADP
cblr-12481	641	32	the	the	DET
cblr-12481	641	33	critique	critique	NOUN
cblr-12481	641	34	that	that	SCONJ
cblr-12481	641	35	the	the	DET
cblr-12481	641	36	expanded	expand	VERB
cblr-12481	641	37	discretion	discretion	NOUN
cblr-12481	641	38	required	require	VERB
cblr-12481	641	39	to	to	PART
cblr-12481	641	40	account	account	VERB
cblr-12481	641	41	for	for	ADP
cblr-12481	641	42	stakeholder	stakeholder	NOUN
cblr-12481	641	43	interests	interest	NOUN
cblr-12481	641	44	will	will	AUX
cblr-12481	641	45	serve	serve	VERB
cblr-12481	641	46	as	as	ADP
cblr-12481	641	47	cover	cover	NOUN
cblr-12481	641	48	for	for	ADP
cblr-12481	641	49	managerial	managerial	ADJ
cblr-12481	641	50	rent	rent	NOUN
cblr-12481	641	51	-	-	PUNCT
cblr-12481	641	52	seeking	seeking	NOUN
cblr-12481	641	53	.	.	PUNCT
cblr-12481	642	1	as	as	ADP
cblr-12481	642	2	a	a	DET
cblr-12481	642	3	matter	matter	NOUN
cblr-12481	642	4	of	of	ADP
cblr-12481	642	5	governance	governance	NOUN
cblr-12481	642	6	,	,	PUNCT
cblr-12481	642	7	managers	manager	NOUN
cblr-12481	642	8	are	be	AUX
cblr-12481	642	9	accountable	accountable	ADJ
cblr-12481	642	10	to	to	ADP
cblr-12481	642	11	shareholders	shareholder	NOUN
cblr-12481	642	12	who	who	PRON
cblr-12481	642	13	are	be	AUX
cblr-12481	642	14	granted	grant	VERB
cblr-12481	642	15	a	a	DET
cblr-12481	642	16	franchise111	franchise111	PROPN
cblr-12481	642	17	that	that	PRON
cblr-12481	642	18	allows	allow	VERB
cblr-12481	642	19	them	they	PRON
cblr-12481	642	20	to	to	PART
cblr-12481	642	21	modify	modify	VERB
cblr-12481	642	22	a	a	DET
cblr-12481	642	23	charter	charter	NOUN
cblr-12481	642	24	or	or	CCONJ
cblr-12481	642	25	bylaws,112	bylaws,112	PROPN
cblr-12481	642	26	to	to	PART
cblr-12481	642	27	initiate	initiate	VERB
cblr-12481	642	28	and	and	CCONJ
cblr-12481	642	29	vote	vote	VERB
cblr-12481	642	30	in	in	ADP
cblr-12481	642	31	proxy	proxy	ADJ
cblr-12481	642	32	contests,113	contests,113	PROPN
cblr-12481	642	33	and	and	CCONJ
cblr-12481	642	34	to	to	PART
cblr-12481	642	35	submit	submit	VERB
cblr-12481	642	36	and	and	CCONJ
cblr-12481	642	37	vote	vote	VERB
cblr-12481	642	38	on	on	ADP
cblr-12481	642	39	shareholder	shareholder	NOUN
cblr-12481	642	40	proposals.114	proposals.114	NOUN
cblr-12481	642	41	in	in	ADP
cblr-12481	642	42	some	some	DET
cblr-12481	642	43	cases	case	NOUN
cblr-12481	642	44	,	,	PUNCT
cblr-12481	642	45	managers	manager	NOUN
cblr-12481	642	46	are	be	AUX
cblr-12481	642	47	influenced	influence	VERB
cblr-12481	642	48	by	by	ADP
cblr-12481	642	49	labor	labor	NOUN
cblr-12481	642	50	,	,	PUNCT
cblr-12481	642	51	like	like	ADP
cblr-12481	642	52	high	high	ADJ
cblr-12481	642	53	skill	skill	NOUN
cblr-12481	642	54	tech	tech	NOUN
cblr-12481	642	55	workers	worker	NOUN
cblr-12481	642	56	at	at	ADP
cblr-12481	642	57	google	google	PROPN
cblr-12481	642	58	and	and	CCONJ
cblr-12481	642	59	amazon	amazon	NOUN
cblr-12481	642	60	,	,	PUNCT
cblr-12481	642	61	or	or	CCONJ
cblr-12481	642	62	consumers	consumer	NOUN
cblr-12481	642	63	,	,	PUNCT
cblr-12481	642	64	like	like	ADP
cblr-12481	642	65	those	those	PRON
cblr-12481	642	66	for	for	ADP
cblr-12481	642	67	companies	company	NOUN
cblr-12481	642	68	that	that	PRON
cblr-12481	642	69	are	be	AUX
cblr-12481	642	70	highly	highly	ADV
cblr-12481	642	71	brand	brand	NOUN
cblr-12481	642	72	sensitive	sensitive	ADJ
cblr-12481	642	73	and	and	CCONJ
cblr-12481	642	74	consumer	consumer	NOUN
cblr-12481	642	75	facing	facing	NOUN
cblr-12481	642	76	like	like	ADP
cblr-12481	642	77	disney	disney	NOUN
cblr-12481	642	78	,	,	PUNCT
cblr-12481	642	79	but	but	CCONJ
cblr-12481	642	80	managers	manager	NOUN
cblr-12481	642	81	are	be	AUX
cblr-12481	642	82	not	not	PART
cblr-12481	642	83	structurally	structurally	ADV
cblr-12481	642	84	accountable	accountable	ADJ
cblr-12481	642	85	to	to	ADP
cblr-12481	642	86	these	these	DET
cblr-12481	642	87	stakeholders.115	stakeholders.115	PROPN
cblr-12481	642	88	extending	extend	VERB
cblr-12481	642	89	managerial	managerial	ADJ
cblr-12481	642	90	accountability	accountability	NOUN
cblr-12481	642	91	to	to	ADP
cblr-12481	642	92	stakeholders	stakeholder	NOUN
cblr-12481	642	93	presents	present	VERB
cblr-12481	642	94	several	several	ADJ
cblr-12481	642	95	problems	problem	NOUN
cblr-12481	642	96	.	.	PUNCT
cblr-12481	643	1	first	first	ADV
cblr-12481	643	2	is	be	AUX
cblr-12481	643	3	the	the	DET
cblr-12481	643	4	problem	problem	NOUN
cblr-12481	643	5	of	of	ADP
cblr-12481	643	6	defining	define	VERB
cblr-12481	643	7	doing	do	VERB
cblr-12481	643	8	what	what	PRON
cblr-12481	643	9	they	they	PRON
cblr-12481	643	10	see	see	VERB
cblr-12481	643	11	as	as	ADV
cblr-12481	643	12	right	right	ADV
cblr-12481	643	13	and	and	CCONJ
cblr-12481	643	14	asserted	assert	VERB
cblr-12481	643	15	that	that	SCONJ
cblr-12481	643	16	founders	founder	NOUN
cblr-12481	643	17	and	and	CCONJ
cblr-12481	643	18	ceos	ceo	NOUN
cblr-12481	643	19	have	have	VERB
cblr-12481	643	20	responsibilities	responsibility	NOUN
cblr-12481	643	21	regarding	regard	VERB
cblr-12481	643	22	issues	issue	NOUN
cblr-12481	643	23	not	not	PART
cblr-12481	643	24	directly	directly	ADV
cblr-12481	643	25	relevant	relevant	ADJ
cblr-12481	643	26	to	to	ADP
cblr-12481	643	27	their	their	PRON
cblr-12481	643	28	business	business	NOUN
cblr-12481	643	29	)	)	PUNCT
cblr-12481	643	30	.	.	PUNCT
cblr-12481	644	1	111	111	NUM
cblr-12481	644	2	martin	martin	PROPN
cblr-12481	644	3	lipton	lipton	PROPN
cblr-12481	644	4	&	&	CCONJ
cblr-12481	644	5	william	william	PROPN
cblr-12481	644	6	savitt	savitt	PROPN
cblr-12481	644	7	,	,	PUNCT
cblr-12481	644	8	stakeholder	stakeholder	NOUN
cblr-12481	644	9	governance	governance	NOUN
cblr-12481	644	10	—	—	PUNCT
cblr-12481	644	11	issues	issue	NOUN
cblr-12481	644	12	and	and	CCONJ
cblr-12481	644	13	answers	answer	NOUN
cblr-12481	644	14	,	,	PUNCT
cblr-12481	644	15	harv	harv	PROPN
cblr-12481	644	16	.	.	PUNCT
cblr-12481	645	1	l.	l.	PROPN
cblr-12481	645	2	sch	sch	PROPN
cblr-12481	645	3	.	.	PUNCT
cblr-12481	646	1	f.	f.	PROPN
cblr-12481	646	2	on	on	ADP
cblr-12481	646	3	corp	corp	PROPN
cblr-12481	646	4	.	.	PROPN
cblr-12481	646	5	governance	governance	PROPN
cblr-12481	646	6	(	(	PUNCT
cblr-12481	646	7	oct	oct	PROPN
cblr-12481	646	8	.	.	PROPN
cblr-12481	646	9	25	25	NUM
cblr-12481	646	10	,	,	PUNCT
cblr-12481	646	11	2019	2019	NUM
cblr-12481	646	12	)	)	PUNCT
cblr-12481	646	13	,	,	PUNCT
cblr-12481	646	14	https://corpgov.law.harvard.edu/2019/10/25/stakeholder-governance-issues-and-answers/	https://corpgov.law.harvard.edu/2019/10/25/stakeholder-governance-issues-and-answers/	PROPN
cblr-12481	647	1	[	[	X
cblr-12481	647	2	https://perma.cc/7jaf-6m4e	https://perma.cc/7jaf-6m4e	X
cblr-12481	647	3	]	]	X
cblr-12481	647	4	(	(	PUNCT
cblr-12481	647	5	“	"	PUNCT
cblr-12481	647	6	insightful	insightful	ADJ
cblr-12481	647	7	commentators	commentator	NOUN
cblr-12481	647	8	accurately	accurately	ADV
cblr-12481	647	9	emphasize	emphasize	VERB
cblr-12481	647	10	that	that	SCONJ
cblr-12481	647	11	shareholders	shareholder	NOUN
cblr-12481	647	12	alone	alone	ADV
cblr-12481	647	13	enjoy	enjoy	VERB
cblr-12481	647	14	the	the	DET
cblr-12481	647	15	corporate	corporate	ADJ
cblr-12481	647	16	franchise	franchise	NOUN
cblr-12481	647	17	,	,	PUNCT
cblr-12481	647	18	and	and	CCONJ
cblr-12481	647	19	with	with	ADP
cblr-12481	647	20	it	it	PRON
cblr-12481	647	21	the	the	DET
cblr-12481	647	22	power	power	NOUN
cblr-12481	647	23	to	to	PART
cblr-12481	647	24	select	select	VERB
cblr-12481	647	25	directors	director	NOUN
cblr-12481	647	26	.	.	PUNCT
cblr-12481	647	27	”	"	PUNCT
cblr-12481	647	28	)	)	PUNCT
cblr-12481	647	29	.	.	PUNCT
cblr-12481	648	1	112	112	NUM
cblr-12481	648	2	boilermakers	boilermaker	NOUN
cblr-12481	648	3	local	local	ADJ
cblr-12481	648	4	154	154	NUM
cblr-12481	648	5	ret	ret	PROPN
cblr-12481	648	6	.	.	PROPN
cblr-12481	648	7	fund	fund	PROPN
cblr-12481	648	8	v.	v.	ADP
cblr-12481	648	9	chevron	chevron	PROPN
cblr-12481	648	10	corp	corp	PROPN
cblr-12481	648	11	.	.	PROPN
cblr-12481	648	12	,	,	PUNCT
cblr-12481	648	13	73	73	NUM
cblr-12481	648	14	a.3d	a.3d	SYM
cblr-12481	648	15	934	934	NUM
cblr-12481	648	16	,	,	PUNCT
cblr-12481	648	17	956	956	NUM
cblr-12481	648	18	(	(	PUNCT
cblr-12481	648	19	del	del	PROPN
cblr-12481	648	20	.	.	PROPN
cblr-12481	648	21	ch	ch	PROPN
cblr-12481	648	22	.	.	PROPN
cblr-12481	648	23	2013	2013	NUM
cblr-12481	648	24	)	)	PUNCT
cblr-12481	648	25	(	(	PUNCT
cblr-12481	648	26	“	"	PUNCT
cblr-12481	648	27	[	[	X
cblr-12481	648	28	t]he	t]he	ADV
cblr-12481	648	29	statutory	statutory	ADJ
cblr-12481	648	30	regime	regime	NOUN
cblr-12481	648	31	provides	provide	VERB
cblr-12481	648	32	protections	protection	NOUN
cblr-12481	648	33	for	for	ADP
cblr-12481	648	34	the	the	DET
cblr-12481	648	35	stockholders	stockholder	NOUN
cblr-12481	648	36	,	,	PUNCT
cblr-12481	648	37	through	through	ADP
cblr-12481	648	38	the	the	DET
cblr-12481	648	39	indefeasible	indefeasible	ADJ
cblr-12481	648	40	right	right	NOUN
cblr-12481	648	41	of	of	ADP
cblr-12481	648	42	the	the	DET
cblr-12481	648	43	stockholders	stockholder	NOUN
cblr-12481	648	44	to	to	PART
cblr-12481	648	45	adopt	adopt	VERB
cblr-12481	648	46	and	and	CCONJ
cblr-12481	648	47	amend	amend	VERB
cblr-12481	648	48	bylaws	bylaw	NOUN
cblr-12481	648	49	themselves	themselves	PRON
cblr-12481	648	50	.	.	PUNCT
cblr-12481	648	51	”	"	PUNCT
cblr-12481	648	52	)	)	PUNCT
cblr-12481	648	53	.	.	PUNCT
cblr-12481	649	1	but	but	CCONJ
cblr-12481	649	2	see	see	VERB
cblr-12481	649	3	jill	jill	PROPN
cblr-12481	649	4	fisch	fisch	PROPN
cblr-12481	649	5	,	,	PUNCT
cblr-12481	649	6	governance	governance	NOUN
cblr-12481	649	7	by	by	ADP
cblr-12481	649	8	contract	contract	NOUN
cblr-12481	649	9	:	:	PUNCT
cblr-12481	649	10	the	the	DET
cblr-12481	649	11	implications	implication	NOUN
cblr-12481	649	12	for	for	ADP
cblr-12481	649	13	corporate	corporate	ADJ
cblr-12481	649	14	bylaws	bylaw	NOUN
cblr-12481	649	15	,	,	PUNCT
cblr-12481	649	16	106	106	NUM
cblr-12481	649	17	cal	cal	NOUN
cblr-12481	649	18	.	.	PUNCT
cblr-12481	650	1	l.	l.	PROPN
cblr-12481	650	2	rev	rev	PROPN
cblr-12481	650	3	.	.	PROPN
cblr-12481	650	4	373	373	NUM
cblr-12481	650	5	,	,	PUNCT
cblr-12481	650	6	373	373	NUM
cblr-12481	650	7	(	(	PUNCT
cblr-12481	650	8	2017	2017	NUM
cblr-12481	650	9	)	)	PUNCT
cblr-12481	650	10	(	(	PUNCT
cblr-12481	650	11	recognizing	recognize	VERB
cblr-12481	650	12	shareholders	shareholder	NOUN
cblr-12481	650	13	’	'	PUNCT
cblr-12481	650	14	power	power	NOUN
cblr-12481	650	15	to	to	PART
cblr-12481	650	16	modify	modify	VERB
cblr-12481	650	17	a	a	DET
cblr-12481	650	18	charter	charter	NOUN
cblr-12481	650	19	or	or	CCONJ
cblr-12481	650	20	bylaws	bylaw	NOUN
cblr-12481	650	21	while	while	SCONJ
cblr-12481	650	22	noting	note	VERB
cblr-12481	650	23	that	that	SCONJ
cblr-12481	650	24	in	in	ADP
cblr-12481	650	25	practice	practice	NOUN
cblr-12481	650	26	this	this	DET
cblr-12481	650	27	power	power	NOUN
cblr-12481	650	28	is	be	AUX
cblr-12481	650	29	more	more	ADV
cblr-12481	650	30	limited	limited	ADJ
cblr-12481	650	31	than	than	ADP
cblr-12481	650	32	the	the	DET
cblr-12481	650	33	board	board	NOUN
cblr-12481	650	34	’s	’s	PART
cblr-12481	650	35	)	)	PUNCT
cblr-12481	650	36	.	.	PUNCT
cblr-12481	651	1	113	113	NUM
cblr-12481	651	2	alon	alon	PROPN
cblr-12481	651	3	brav	brav	PROPN
cblr-12481	651	4	,	,	PUNCT
cblr-12481	651	5	wei	wei	PROPN
cblr-12481	651	6	jang	jang	PROPN
cblr-12481	651	7	,	,	PUNCT
cblr-12481	651	8	tao	tao	PROPN
cblr-12481	651	9	li	li	PROPN
cblr-12481	651	10	&	&	CCONJ
cblr-12481	651	11	james	james	PROPN
cblr-12481	651	12	pinnington	pinnington	PROPN
cblr-12481	651	13	,	,	PUNCT
cblr-12481	651	14	shareholder	shareholder	NOUN
cblr-12481	651	15	monitoring	monitor	VERB
cblr-12481	651	16	through	through	ADP
cblr-12481	651	17	voting	voting	NOUN
cblr-12481	651	18	:	:	PUNCT
cblr-12481	651	19	new	new	ADJ
cblr-12481	651	20	evidence	evidence	NOUN
cblr-12481	651	21	from	from	ADP
cblr-12481	651	22	proxy	proxy	ADJ
cblr-12481	651	23	contests	contest	NOUN
cblr-12481	651	24	,	,	PUNCT
cblr-12481	651	25	37	37	NUM
cblr-12481	651	26	rev	rev	X
cblr-12481	651	27	.	.	PROPN
cblr-12481	651	28	fin	fin	NOUN
cblr-12481	651	29	.	.	PUNCT
cblr-12481	651	30	stud	stud	PROPN
cblr-12481	651	31	.	.	PUNCT
cblr-12481	652	1	591	591	NUM
cblr-12481	652	2	,	,	PUNCT
cblr-12481	652	3	592	592	NUM
cblr-12481	652	4	(	(	PUNCT
cblr-12481	652	5	2024	2024	NUM
cblr-12481	652	6	)	)	PUNCT
cblr-12481	652	7	.	.	PUNCT
cblr-12481	653	1	114	114	NUM
cblr-12481	653	2	see	see	VERB
cblr-12481	653	3	17	17	NUM
cblr-12481	653	4	c.f.r	c.f.r	NOUN
cblr-12481	653	5	§	§	NOUN
cblr-12481	653	6	240.14a-8	240.14a-8	NOUN
cblr-12481	653	7	.	.	PUNCT
cblr-12481	654	1	see	see	VERB
cblr-12481	654	2	also	also	ADV
cblr-12481	654	3	james	james	PROPN
cblr-12481	654	4	d.	d.	PROPN
cblr-12481	654	5	cox	cox	PROPN
cblr-12481	654	6	and	and	CCONJ
cblr-12481	654	7	randall	randall	PROPN
cblr-12481	654	8	s.	s.	PROPN
cblr-12481	654	9	thomas	thomas	PROPN
cblr-12481	654	10	,	,	PUNCT
cblr-12481	654	11	the	the	DET
cblr-12481	654	12	sec	sec	PROPN
cblr-12481	654	13	’s	’s	PART
cblr-12481	654	14	shareholder	shareholder	NOUN
cblr-12481	654	15	proposal	proposal	NOUN
cblr-12481	654	16	rule	rule	NOUN
cblr-12481	654	17	:	:	PUNCT
cblr-12481	654	18	creating	create	VERB
cblr-12481	654	19	a	a	DET
cblr-12481	654	20	corporate	corporate	ADJ
cblr-12481	654	21	public	public	ADJ
cblr-12481	654	22	square	square	NOUN
cblr-12481	654	23	,	,	PUNCT
cblr-12481	654	24	2021	2021	NUM
cblr-12481	654	25	colum	colum	NOUN
cblr-12481	654	26	.	.	PUNCT
cblr-12481	655	1	bus	bus	NOUN
cblr-12481	655	2	.	.	PUNCT
cblr-12481	656	1	l.	l.	PROPN
cblr-12481	656	2	rev	rev	PROPN
cblr-12481	656	3	.	.	PROPN
cblr-12481	656	4	1147	1147	NUM
cblr-12481	656	5	.	.	PUNCT
cblr-12481	657	1	notably	notably	ADV
cblr-12481	657	2	,	,	PUNCT
cblr-12481	657	3	shareholder	shareholder	NOUN
cblr-12481	657	4	proposals	proposal	NOUN
cblr-12481	657	5	are	be	AUX
cblr-12481	657	6	precatory	precatory	ADJ
cblr-12481	657	7	,	,	PUNCT
cblr-12481	657	8	and	and	CCONJ
cblr-12481	657	9	companies	company	NOUN
cblr-12481	657	10	may	may	AUX
cblr-12481	657	11	exercise	exercise	VERB
cblr-12481	657	12	their	their	PRON
cblr-12481	657	13	discretion	discretion	NOUN
cblr-12481	657	14	in	in	ADP
cblr-12481	657	15	excluding	exclude	VERB
cblr-12481	657	16	proposals	proposal	NOUN
cblr-12481	657	17	according	accord	VERB
cblr-12481	657	18	to	to	ADP
cblr-12481	657	19	certain	certain	ADJ
cblr-12481	657	20	enumerated	enumerate	VERB
cblr-12481	657	21	criteria	criterion	NOUN
cblr-12481	657	22	.	.	PUNCT
cblr-12481	658	1	see	see	VERB
cblr-12481	658	2	infra	infra	NOUN
cblr-12481	658	3	notes	note	VERB
cblr-12481	658	4	140–45	140–45	NUM
cblr-12481	658	5	.	.	PUNCT
cblr-12481	658	6	115	115	NUM
cblr-12481	658	7	see	see	VERB
cblr-12481	658	8	,	,	PUNCT
cblr-12481	658	9	e.g.	e.g.	ADV
cblr-12481	658	10	,	,	PUNCT
cblr-12481	658	11	daisuke	daisuke	PROPN
cblr-12481	658	12	wakabayashi	wakabayashi	PROPN
cblr-12481	658	13	and	and	CCONJ
cblr-12481	658	14	scott	scott	PROPN
cblr-12481	658	15	shane	shane	PROPN
cblr-12481	658	16	,	,	PUNCT
cblr-12481	658	17	google	google	PROPN
cblr-12481	658	18	will	will	AUX
cblr-12481	658	19	not	not	PART
cblr-12481	658	20	renew	renew	VERB
cblr-12481	658	21	pentagon	pentagon	PROPN
cblr-12481	658	22	contract	contract	NOUN
cblr-12481	658	23	that	that	PRON
cblr-12481	658	24	upset	upset	VERB
cblr-12481	658	25	employees	employee	NOUN
cblr-12481	658	26	,	,	PUNCT
cblr-12481	658	27	n.y	n.y	PROPN
cblr-12481	658	28	.	.	PROPN
cblr-12481	658	29	times	times	PROPN
cblr-12481	658	30	(	(	PUNCT
cblr-12481	658	31	jun	jun	PROPN
cblr-12481	658	32	.	.	PROPN
cblr-12481	658	33	1	1	NUM
cblr-12481	658	34	,	,	PUNCT
cblr-12481	658	35	2018	2018	NUM
cblr-12481	658	36	)	)	PUNCT
cblr-12481	658	37	,	,	PUNCT
cblr-12481	658	38	https://www.nytimes.com/2018/06/01/technology/google-pentagon-projectmaven.html	https://www.nytimes.com/2018/06/01/technology/google-pentagon-projectmaven.html	VERB
cblr-12481	659	1	[	[	X
cblr-12481	659	2	https://perma.cc/g4nf-74ww	https://perma.cc/g4nf-74ww	X
cblr-12481	659	3	]	]	X
cblr-12481	659	4	(	(	PUNCT
cblr-12481	659	5	describing	describe	VERB
cblr-12481	659	6	google	google	PROPN
cblr-12481	659	7	abandoning	abandon	VERB
cblr-12481	659	8	its	its	PRON
cblr-12481	659	9	contract	contract	NOUN
cblr-12481	659	10	with	with	ADP
cblr-12481	659	11	the	the	DET
cblr-12481	659	12	pentagon	pentagon	PROPN
cblr-12481	659	13	after	after	SCONJ
cblr-12481	659	14	employees	employee	NOUN
cblr-12481	659	15	protested	protest	VERB
cblr-12481	659	16	project	project	NOUN
cblr-12481	659	17	maven	maven	NOUN
cblr-12481	659	18	)	)	PUNCT
cblr-12481	659	19	.	.	PUNCT
cblr-12481	660	1	no	no	INTJ
cblr-12481	660	2	.	.	NOUN
cblr-12481	661	1	2	2	NUM
cblr-12481	661	2	]	]	X
cblr-12481	661	3	corporate	corporate	ADJ
cblr-12481	661	4	technocracy	technocracy	NOUN
cblr-12481	661	5	867	867	NUM
cblr-12481	661	6	stakeholders	stakeholder	NOUN
cblr-12481	661	7	with	with	ADP
cblr-12481	661	8	adequate	adequate	ADJ
cblr-12481	661	9	precision	precision	NOUN
cblr-12481	661	10	to	to	PART
cblr-12481	661	11	make	make	VERB
cblr-12481	661	12	their	their	PRON
cblr-12481	661	13	interests	interest	NOUN
cblr-12481	661	14	administrable	administrable	ADJ
cblr-12481	661	15	.	.	PUNCT
cblr-12481	662	1	ann	ann	PROPN
cblr-12481	662	2	lipton	lipton	PROPN
cblr-12481	662	3	has	have	VERB
cblr-12481	662	4	advanced	advanced	ADJ
cblr-12481	662	5	stakeholder	stakeholder	NOUN
cblr-12481	662	6	disclosures	disclosure	NOUN
cblr-12481	662	7	as	as	ADP
cblr-12481	662	8	one	one	NUM
cblr-12481	662	9	form	form	NOUN
cblr-12481	662	10	of	of	ADP
cblr-12481	662	11	oversight	oversight	NOUN
cblr-12481	662	12	and	and	CCONJ
cblr-12481	662	13	accountability.116	accountability.116	ADJ
cblr-12481	662	14	where	where	SCONJ
cblr-12481	662	15	they	they	PRON
cblr-12481	662	16	have	have	AUX
cblr-12481	662	17	been	be	AUX
cblr-12481	662	18	attempted	attempt	VERB
cblr-12481	662	19	in	in	ADP
cblr-12481	662	20	the	the	DET
cblr-12481	662	21	example	example	NOUN
cblr-12481	662	22	of	of	ADP
cblr-12481	662	23	voluntary	voluntary	ADJ
cblr-12481	662	24	sustainability	sustainability	NOUN
cblr-12481	662	25	reports	report	NOUN
cblr-12481	662	26	,	,	PUNCT
cblr-12481	662	27	however	however	ADV
cblr-12481	662	28	,	,	PUNCT
cblr-12481	662	29	they	they	PRON
cblr-12481	662	30	are	be	AUX
cblr-12481	662	31	rife	rife	ADJ
cblr-12481	662	32	with	with	ADP
cblr-12481	662	33	greenwashing	greenwashing	NOUN
cblr-12481	662	34	and	and	CCONJ
cblr-12481	663	1	inaccuracies.117	inaccuracies.117	PROPN
cblr-12481	663	2	second	second	ADJ
cblr-12481	663	3	is	be	AUX
cblr-12481	663	4	a	a	DET
cblr-12481	663	5	problem	problem	NOUN
cblr-12481	663	6	of	of	ADP
cblr-12481	663	7	conflicting	conflict	VERB
cblr-12481	663	8	agendas	agenda	NOUN
cblr-12481	663	9	advanced	advance	VERB
cblr-12481	663	10	by	by	ADP
cblr-12481	663	11	different	different	ADJ
cblr-12481	663	12	shareholders	shareholder	NOUN
cblr-12481	663	13	.	.	PUNCT
cblr-12481	664	1	even	even	ADV
cblr-12481	664	2	those	those	PRON
cblr-12481	664	3	who	who	PRON
cblr-12481	664	4	agree	agree	VERB
cblr-12481	664	5	on	on	ADP
cblr-12481	664	6	the	the	DET
cblr-12481	664	7	objective	objective	NOUN
cblr-12481	664	8	of	of	ADP
cblr-12481	664	9	mitigating	mitigate	VERB
cblr-12481	664	10	climate	climate	NOUN
cblr-12481	664	11	change	change	NOUN
cblr-12481	664	12	,	,	PUNCT
cblr-12481	664	13	for	for	ADP
cblr-12481	664	14	example	example	NOUN
cblr-12481	664	15	,	,	PUNCT
cblr-12481	664	16	will	will	AUX
cblr-12481	664	17	disagree	disagree	VERB
cblr-12481	664	18	about	about	ADP
cblr-12481	664	19	the	the	DET
cblr-12481	664	20	desirable	desirable	ADJ
cblr-12481	664	21	strategies	strategy	NOUN
cblr-12481	664	22	and	and	CCONJ
cblr-12481	664	23	decisions	decision	NOUN
cblr-12481	664	24	required	require	VERB
cblr-12481	664	25	to	to	PART
cblr-12481	664	26	achieve	achieve	VERB
cblr-12481	664	27	that	that	DET
cblr-12481	664	28	end	end	NOUN
cblr-12481	664	29	.	.	PUNCT
cblr-12481	665	1	where	where	SCONJ
cblr-12481	665	2	corporate	corporate	ADJ
cblr-12481	665	3	ends	end	NOUN
cblr-12481	665	4	are	be	AUX
cblr-12481	665	5	simply	simply	ADV
cblr-12481	665	6	profit	profit	NOUN
cblr-12481	665	7	,	,	PUNCT
cblr-12481	665	8	discretion	discretion	NOUN
cblr-12481	665	9	is	be	AUX
cblr-12481	665	10	categorically	categorically	ADV
cblr-12481	665	11	delegated	delegate	VERB
cblr-12481	665	12	to	to	ADP
cblr-12481	665	13	management	management	NOUN
cblr-12481	665	14	.	.	PUNCT
cblr-12481	666	1	where	where	SCONJ
cblr-12481	666	2	corporate	corporate	ADJ
cblr-12481	666	3	ends	end	NOUN
cblr-12481	666	4	are	be	AUX
cblr-12481	666	5	nonpecuniary	nonpecuniary	ADJ
cblr-12481	666	6	,	,	PUNCT
cblr-12481	666	7	however	however	ADV
cblr-12481	666	8	,	,	PUNCT
cblr-12481	666	9	the	the	DET
cblr-12481	666	10	boundary	boundary	NOUN
cblr-12481	666	11	between	between	ADP
cblr-12481	666	12	shareholder	shareholder	NOUN
cblr-12481	666	13	expression	expression	NOUN
cblr-12481	666	14	and	and	CCONJ
cblr-12481	666	15	micro	micro	NOUN
cblr-12481	666	16	-	-	NOUN
cblr-12481	666	17	management	management	NOUN
cblr-12481	666	18	is	be	AUX
cblr-12481	666	19	more	more	ADV
cblr-12481	666	20	contestable	contestable	ADJ
cblr-12481	666	21	.	.	PUNCT
cblr-12481	667	1	third	third	ADJ
cblr-12481	667	2	is	be	AUX
cblr-12481	667	3	the	the	DET
cblr-12481	667	4	problem	problem	NOUN
cblr-12481	667	5	of	of	ADP
cblr-12481	667	6	reconciling	reconciling	NOUN
cblr-12481	667	7	between	between	ADP
cblr-12481	667	8	shareholder	shareholder	NOUN
cblr-12481	667	9	interests	interest	NOUN
cblr-12481	667	10	and	and	CCONJ
cblr-12481	667	11	stakeholder	stakeholder	NOUN
cblr-12481	667	12	welfare	welfare	NOUN
cblr-12481	667	13	when	when	SCONJ
cblr-12481	667	14	these	these	PRON
cblr-12481	667	15	come	come	VERB
cblr-12481	667	16	into	into	ADP
cblr-12481	667	17	conflict	conflict	NOUN
cblr-12481	667	18	.	.	PUNCT
cblr-12481	668	1	fiduciary	fiduciary	ADJ
cblr-12481	668	2	duties	duty	NOUN
cblr-12481	668	3	create	create	VERB
cblr-12481	668	4	a	a	DET
cblr-12481	668	5	clear	clear	ADJ
cblr-12481	668	6	agency	agency	NOUN
cblr-12481	668	7	relationship	relationship	NOUN
cblr-12481	668	8	that	that	PRON
cblr-12481	668	9	grants	grant	VERB
cblr-12481	668	10	shareholder	shareholder	NOUN
cblr-12481	668	11	principals	principal	NOUN
cblr-12481	668	12	standing	stand	VERB
cblr-12481	668	13	to	to	PART
cblr-12481	668	14	seek	seek	VERB
cblr-12481	668	15	remedies	remedy	NOUN
cblr-12481	668	16	when	when	SCONJ
cblr-12481	668	17	managerial	managerial	ADJ
cblr-12481	668	18	agents	agent	NOUN
cblr-12481	668	19	do	do	AUX
cblr-12481	668	20	not	not	PART
cblr-12481	668	21	account	account	VERB
cblr-12481	668	22	for	for	ADP
cblr-12481	668	23	their	their	PRON
cblr-12481	668	24	interests	interest	NOUN
cblr-12481	668	25	.	.	PUNCT
cblr-12481	669	1	however	however	ADV
cblr-12481	669	2	,	,	PUNCT
cblr-12481	669	3	expanding	expand	VERB
cblr-12481	669	4	the	the	DET
cblr-12481	669	5	class	class	NOUN
cblr-12481	669	6	of	of	ADP
cblr-12481	669	7	principals	principal	NOUN
cblr-12481	669	8	without	without	ADP
cblr-12481	669	9	a	a	DET
cblr-12481	669	10	corresponding	corresponding	ADJ
cblr-12481	669	11	revision	revision	NOUN
cblr-12481	669	12	of	of	ADP
cblr-12481	669	13	managers	manager	NOUN
cblr-12481	669	14	’	’	PART
cblr-12481	669	15	fiduciary	fiduciary	ADJ
cblr-12481	669	16	duties	duty	NOUN
cblr-12481	669	17	to	to	ADP
cblr-12481	669	18	principals	principal	NOUN
cblr-12481	669	19	creates	create	VERB
cblr-12481	669	20	an	an	DET
cblr-12481	669	21	opportunity	opportunity	NOUN
cblr-12481	669	22	for	for	ADP
cblr-12481	669	23	rent	rent	NOUN
cblr-12481	669	24	-	-	PUNCT
cblr-12481	669	25	seeking	seeking	NOUN
cblr-12481	669	26	.	.	PUNCT
cblr-12481	670	1	for	for	ADP
cblr-12481	670	2	the	the	DET
cblr-12481	670	3	well	well	ADV
cblr-12481	670	4	-	-	PUNCT
cblr-12481	670	5	meaning	mean	VERB
cblr-12481	670	6	manager	manager	NOUN
cblr-12481	670	7	,	,	PUNCT
cblr-12481	670	8	this	this	DET
cblr-12481	670	9	arrangement	arrangement	NOUN
cblr-12481	670	10	fails	fail	VERB
cblr-12481	670	11	to	to	PART
cblr-12481	670	12	provide	provide	VERB
cblr-12481	670	13	guidance	guidance	NOUN
cblr-12481	670	14	for	for	ADP
cblr-12481	670	15	how	how	SCONJ
cblr-12481	670	16	to	to	PART
cblr-12481	670	17	negotiate	negotiate	VERB
cblr-12481	670	18	tradeoffs	tradeoff	NOUN
cblr-12481	670	19	between	between	ADP
cblr-12481	670	20	stakeholders	stakeholder	NOUN
cblr-12481	670	21	when	when	SCONJ
cblr-12481	670	22	choosing	choose	VERB
cblr-12481	670	23	between	between	ADP
cblr-12481	670	24	radically	radically	ADV
cblr-12481	670	25	different	different	ADJ
cblr-12481	670	26	strategies	strategy	NOUN
cblr-12481	670	27	,	,	PUNCT
cblr-12481	670	28	timelines	timeline	NOUN
cblr-12481	670	29	of	of	ADP
cblr-12481	670	30	performance	performance	NOUN
cblr-12481	670	31	,	,	PUNCT
cblr-12481	670	32	and	and	CCONJ
cblr-12481	670	33	nonpecuniary	nonpecuniary	ADJ
cblr-12481	670	34	benefits	benefit	NOUN
cblr-12481	670	35	.	.	PUNCT
cblr-12481	671	1	to	to	ADP
cblr-12481	671	2	date	date	NOUN
cblr-12481	671	3	,	,	PUNCT
cblr-12481	671	4	managerialism	managerialism	NOUN
cblr-12481	671	5	has	have	AUX
cblr-12481	671	6	been	be	AUX
cblr-12481	671	7	legally	legally	ADV
cblr-12481	671	8	codified	codify	VERB
cblr-12481	671	9	in	in	ADP
cblr-12481	671	10	two	two	NUM
cblr-12481	671	11	specific	specific	ADJ
cblr-12481	671	12	examples	example	NOUN
cblr-12481	671	13	:	:	PUNCT
cblr-12481	671	14	stakeholder	stakeholder	NOUN
cblr-12481	671	15	constituency	constituency	NOUN
cblr-12481	671	16	statutes	statute	NOUN
cblr-12481	671	17	and	and	CCONJ
cblr-12481	671	18	public	public	ADJ
cblr-12481	671	19	benefit	benefit	NOUN
cblr-12481	671	20	corporation	corporation	NOUN
cblr-12481	671	21	(	(	PUNCT
cblr-12481	671	22	pbc	pbc	PROPN
cblr-12481	671	23	)	)	PUNCT
cblr-12481	671	24	statutes	statute	NOUN
cblr-12481	671	25	.	.	PUNCT
cblr-12481	672	1	stakeholder	stakeholder	NOUN
cblr-12481	672	2	116	116	NUM
cblr-12481	672	3	ann	ann	PROPN
cblr-12481	672	4	lipton	lipton	PROPN
cblr-12481	672	5	,	,	PUNCT
cblr-12481	672	6	not	not	PART
cblr-12481	672	7	everything	everything	PRON
cblr-12481	672	8	is	be	AUX
cblr-12481	672	9	about	about	ADP
cblr-12481	672	10	investors	investor	NOUN
cblr-12481	672	11	:	:	PUNCT
cblr-12481	672	12	the	the	DET
cblr-12481	672	13	case	case	NOUN
cblr-12481	672	14	for	for	ADP
cblr-12481	672	15	mandatory	mandatory	ADJ
cblr-12481	672	16	stakeholder	stakeholder	NOUN
cblr-12481	672	17	disclosure	disclosure	NOUN
cblr-12481	672	18	,	,	PUNCT
cblr-12481	672	19	37	37	NUM
cblr-12481	672	20	yale	yale	PROPN
cblr-12481	672	21	j.	j.	PROPN
cblr-12481	672	22	reg	reg	PROPN
cblr-12481	672	23	.	.	PROPN
cblr-12481	673	1	499	499	NUM
cblr-12481	673	2	(	(	PUNCT
cblr-12481	673	3	2020	2020	NUM
cblr-12481	673	4	)	)	PUNCT
cblr-12481	673	5	.	.	PUNCT
cblr-12481	674	1	117	117	NUM
cblr-12481	674	2	kenneth	kenneth	PROPN
cblr-12481	674	3	p.	p.	PROPN
cblr-12481	674	4	pucker	pucker	NOUN
cblr-12481	674	5	,	,	PUNCT
cblr-12481	674	6	overselling	overselle	VERB
cblr-12481	674	7	sustainability	sustainability	NOUN
cblr-12481	674	8	reporting	reporting	NOUN
cblr-12481	674	9	,	,	PUNCT
cblr-12481	674	10	harv	harv	PROPN
cblr-12481	674	11	.	.	PUNCT
cblr-12481	675	1	bus	bus	NOUN
cblr-12481	675	2	.	.	PUNCT
cblr-12481	676	1	rev	rev	PROPN
cblr-12481	676	2	.	.	PROPN
cblr-12481	676	3	,	,	PUNCT
cblr-12481	676	4	may	may	PROPN
cblr-12481	676	5	–	–	PUNCT
cblr-12481	676	6	jun	jun	PROPN
cblr-12481	676	7	.	.	PROPN
cblr-12481	676	8	2021	2021	NUM
cblr-12481	676	9	,	,	PUNCT
cblr-12481	676	10	https://hbr.org/2021/05/overselling-sustainability-reporting	https://hbr.org/2021/05/overselling-sustainability-reporte	VERB
cblr-12481	676	11	[	[	X
cblr-12481	676	12	https://perma.cc/gsp4-6j2k	https://perma.cc/gsp4-6j2k	X
cblr-12481	676	13	]	]	X
cblr-12481	676	14	(	(	PUNCT
cblr-12481	676	15	“	"	PUNCT
cblr-12481	676	16	it	it	PRON
cblr-12481	676	17	turns	turn	VERB
cblr-12481	676	18	out	out	ADP
cblr-12481	676	19	that	that	SCONJ
cblr-12481	676	20	reporting	reporting	NOUN
cblr-12481	676	21	is	be	AUX
cblr-12481	676	22	not	not	PART
cblr-12481	676	23	a	a	DET
cblr-12481	676	24	proxy	proxy	NOUN
cblr-12481	676	25	for	for	ADP
cblr-12481	676	26	progress	progress	NOUN
cblr-12481	676	27	.	.	PUNCT
cblr-12481	677	1	measurement	measurement	NOUN
cblr-12481	677	2	is	be	AUX
cblr-12481	677	3	often	often	ADV
cblr-12481	677	4	nonstandard	nonstandard	ADJ
cblr-12481	677	5	,	,	PUNCT
cblr-12481	677	6	incomplete	incomplete	ADJ
cblr-12481	677	7	,	,	PUNCT
cblr-12481	677	8	imprecise	imprecise	ADV
cblr-12481	677	9	,	,	PUNCT
cblr-12481	677	10	and	and	CCONJ
cblr-12481	677	11	misleading	misleading	ADJ
cblr-12481	677	12	.	.	PUNCT
cblr-12481	677	13	”	"	PUNCT
cblr-12481	677	14	)	)	PUNCT
cblr-12481	677	15	.	.	PUNCT
cblr-12481	678	1	868	868	NUM
cblr-12481	678	2	columbia	columbia	PROPN
cblr-12481	678	3	business	business	NOUN
cblr-12481	678	4	law	law	PROPN
cblr-12481	678	5	review	review	NOUN
cblr-12481	678	6	[	[	X
cblr-12481	678	7	vol	vol	NOUN
cblr-12481	678	8	.	.	PUNCT
cblr-12481	678	9	2023	2023	NUM
cblr-12481	678	10	constituency	constituency	NOUN
cblr-12481	678	11	statutes	statute	NOUN
cblr-12481	678	12	have	have	AUX
cblr-12481	678	13	been	be	AUX
cblr-12481	678	14	adopted	adopt	VERB
cblr-12481	678	15	by	by	ADP
cblr-12481	678	16	more	more	ADJ
cblr-12481	678	17	than	than	ADP
cblr-12481	678	18	thirty	thirty	NUM
cblr-12481	678	19	states118	states118	PROPN
cblr-12481	678	20	and	and	CCONJ
cblr-12481	678	21	allow	allow	VERB
cblr-12481	678	22	corporate	corporate	ADJ
cblr-12481	678	23	managers	manager	NOUN
cblr-12481	678	24	to	to	PART
cblr-12481	678	25	take	take	VERB
cblr-12481	678	26	stakeholder	stakeholder	NOUN
cblr-12481	678	27	interests	interest	NOUN
cblr-12481	678	28	into	into	ADP
cblr-12481	678	29	account	account	NOUN
cblr-12481	678	30	in	in	ADP
cblr-12481	678	31	the	the	DET
cblr-12481	678	32	context	context	NOUN
cblr-12481	678	33	of	of	ADP
cblr-12481	678	34	a	a	DET
cblr-12481	678	35	takeover.119	takeover.119	NUM
cblr-12481	678	36	pbc	pbc	PROPN
cblr-12481	678	37	statutes	statute	NOUN
cblr-12481	678	38	in	in	ADP
cblr-12481	678	39	36	36	NUM
cblr-12481	678	40	states	state	NOUN
cblr-12481	678	41	provide	provide	VERB
cblr-12481	678	42	a	a	DET
cblr-12481	678	43	governance	governance	NOUN
cblr-12481	678	44	framework	framework	NOUN
cblr-12481	678	45	that	that	PRON
cblr-12481	678	46	grants	grant	VERB
cblr-12481	678	47	managers	manager	NOUN
cblr-12481	678	48	an	an	DET
cblr-12481	678	49	explicit	explicit	ADJ
cblr-12481	678	50	mandate	mandate	NOUN
cblr-12481	678	51	to	to	PART
cblr-12481	678	52	incorporate	incorporate	VERB
cblr-12481	678	53	stakeholder	stakeholder	NOUN
cblr-12481	678	54	interests	interest	NOUN
cblr-12481	678	55	into	into	ADP
cblr-12481	678	56	their	their	PRON
cblr-12481	678	57	decision	decision	NOUN
cblr-12481	678	58	-	-	PUNCT
cblr-12481	678	59	making.120	making.120	NOUN
cblr-12481	678	60	they	they	PRON
cblr-12481	678	61	allow	allow	VERB
cblr-12481	678	62	shareholders	shareholder	NOUN
cblr-12481	678	63	a	a	DET
cblr-12481	678	64	greater	great	ADJ
cblr-12481	678	65	role	role	NOUN
cblr-12481	678	66	in	in	ADP
cblr-12481	678	67	setting	set	VERB
cblr-12481	678	68	out	out	ADP
cblr-12481	678	69	specific	specific	ADJ
cblr-12481	678	70	purposes	purpose	NOUN
cblr-12481	678	71	at	at	ADP
cblr-12481	678	72	the	the	DET
cblr-12481	678	73	founding	found	VERB
cblr-12481	678	74	stage	stage	NOUN
cblr-12481	678	75	,	,	PUNCT
cblr-12481	678	76	but	but	CCONJ
cblr-12481	678	77	delegate	delegate	NOUN
cblr-12481	678	78	operationalization	operationalization	NOUN
cblr-12481	678	79	to	to	ADP
cblr-12481	678	80	managers	manager	NOUN
cblr-12481	678	81	as	as	ADV
cblr-12481	678	82	consistent	consistent	ADJ
cblr-12481	678	83	with	with	ADP
cblr-12481	678	84	the	the	DET
cblr-12481	678	85	conventional	conventional	ADJ
cblr-12481	678	86	corporate	corporate	ADJ
cblr-12481	678	87	form	form	NOUN
cblr-12481	678	88	.	.	PUNCT
cblr-12481	679	1	in	in	ADP
cblr-12481	679	2	practice	practice	NOUN
cblr-12481	679	3	thus	thus	ADV
cblr-12481	679	4	far	far	ADV
cblr-12481	679	5	,	,	PUNCT
cblr-12481	679	6	managerialist	managerialist	ADJ
cblr-12481	679	7	stakeholderism	stakeholderism	NOUN
cblr-12481	679	8	has	have	AUX
cblr-12481	679	9	not	not	PART
cblr-12481	679	10	ceded	cede	VERB
cblr-12481	679	11	any	any	DET
cblr-12481	679	12	power	power	NOUN
cblr-12481	679	13	to	to	ADP
cblr-12481	679	14	stakeholders	stakeholder	NOUN
cblr-12481	679	15	.	.	PUNCT
cblr-12481	680	1	an	an	DET
cblr-12481	680	2	empirical	empirical	ADJ
cblr-12481	680	3	critique	critique	NOUN
cblr-12481	680	4	has	have	AUX
cblr-12481	680	5	been	be	AUX
cblr-12481	680	6	elaborated	elaborate	VERB
cblr-12481	680	7	by	by	ADP
cblr-12481	680	8	lucian	lucian	PROPN
cblr-12481	680	9	bebchuk	bebchuk	NOUN
cblr-12481	680	10	and	and	CCONJ
cblr-12481	680	11	colleagues	colleague	NOUN
cblr-12481	680	12	from	from	ADP
cblr-12481	680	13	many	many	ADJ
cblr-12481	680	14	angles	angle	NOUN
cblr-12481	680	15	,	,	PUNCT
cblr-12481	680	16	including	include	VERB
cblr-12481	680	17	stakeholderists	stakeholderist	NOUN
cblr-12481	680	18	’	'	PUNCT
cblr-12481	680	19	failure	failure	NOUN
cblr-12481	680	20	to	to	PART
cblr-12481	680	21	reflect	reflect	VERB
cblr-12481	680	22	their	their	PRON
cblr-12481	680	23	commitment	commitment	NOUN
cblr-12481	680	24	to	to	ADP
cblr-12481	680	25	stakeholderism	stakeholderism	NOUN
cblr-12481	680	26	in	in	ADP
cblr-12481	680	27	their	their	PRON
cblr-12481	680	28	governance	governance	NOUN
cblr-12481	680	29	guidelines	guideline	NOUN
cblr-12481	680	30	and	and	CCONJ
cblr-12481	680	31	the	the	DET
cblr-12481	680	32	misalignment	misalignment	NOUN
cblr-12481	680	33	between	between	ADP
cblr-12481	680	34	executive	executive	ADJ
cblr-12481	680	35	compensation	compensation	NOUN
cblr-12481	680	36	metrics	metric	NOUN
cblr-12481	680	37	and	and	CCONJ
cblr-12481	680	38	esg	esg	NOUN
cblr-12481	680	39	objectives	objective	NOUN
cblr-12481	680	40	,	,	PUNCT
cblr-12481	680	41	among	among	ADP
cblr-12481	680	42	others.121	others.121	ADJ
cblr-12481	680	43	they	they	PRON
cblr-12481	680	44	have	have	AUX
cblr-12481	680	45	characterized	characterize	VERB
cblr-12481	680	46	stakeholderism	stakeholderism	NOUN
cblr-12481	680	47	as	as	ADP
cblr-12481	680	48	an	an	DET
cblr-12481	680	49	“	"	PUNCT
cblr-12481	680	50	illusory	illusory	ADJ
cblr-12481	680	51	promise	promise	NOUN
cblr-12481	680	52	”	"	PUNCT
cblr-12481	680	53	that	that	PRON
cblr-12481	680	54	is	be	AUX
cblr-12481	680	55	not	not	PART
cblr-12481	680	56	administrable	administrable	ADJ
cblr-12481	680	57	given	give	VERB
cblr-12481	680	58	the	the	DET
cblr-12481	680	59	limits	limit	NOUN
cblr-12481	680	60	of	of	ADP
cblr-12481	680	61	managerial	managerial	ADJ
cblr-12481	680	62	agency	agency	NOUN
cblr-12481	680	63	.	.	PUNCT
cblr-12481	681	1	if	if	SCONJ
cblr-12481	681	2	executive	executive	ADJ
cblr-12481	681	3	compensation	compensation	NOUN
cblr-12481	681	4	is	be	AUX
cblr-12481	681	5	not	not	PART
cblr-12481	681	6	linked	link	VERB
cblr-12481	681	7	to	to	ADP
cblr-12481	681	8	profit	profit	VERB
cblr-12481	681	9	,	,	PUNCT
cblr-12481	681	10	what	what	PRON
cblr-12481	681	11	is	be	AUX
cblr-12481	681	12	it	it	PRON
cblr-12481	681	13	linked	link	VERB
cblr-12481	681	14	to	to	ADP
cblr-12481	681	15	?	?	PUNCT
cblr-12481	682	1	if	if	SCONJ
cblr-12481	682	2	disclosures	disclosure	NOUN
cblr-12481	682	3	are	be	AUX
cblr-12481	682	4	not	not	PART
cblr-12481	682	5	limited	limit	VERB
cblr-12481	682	6	to	to	ADP
cblr-12481	682	7	materiality	materiality	NOUN
cblr-12481	682	8	,	,	PUNCT
cblr-12481	682	9	what	what	PRON
cblr-12481	682	10	sets	set	VERB
cblr-12481	682	11	parameters	parameter	NOUN
cblr-12481	682	12	for	for	ADP
cblr-12481	682	13	oversight	oversight	NOUN
cblr-12481	682	14	?	?	PUNCT
cblr-12481	683	1	understood	understand	VERB
cblr-12481	683	2	through	through	ADP
cblr-12481	683	3	an	an	DET
cblr-12481	683	4	agency	agency	NOUN
cblr-12481	683	5	lens	len	NOUN
cblr-12481	683	6	,	,	PUNCT
cblr-12481	683	7	both	both	DET
cblr-12481	683	8	stakeholder	stakeholder	NOUN
cblr-12481	683	9	constituency	constituency	NOUN
cblr-12481	683	10	statutes	statute	NOUN
cblr-12481	683	11	and	and	CCONJ
cblr-12481	683	12	pbc	pbc	PROPN
cblr-12481	683	13	statutes	statute	NOUN
cblr-12481	683	14	rhetorically	rhetorically	ADV
cblr-12481	683	15	refer	refer	VERB
cblr-12481	683	16	to	to	ADP
cblr-12481	683	17	118	118	NUM
cblr-12481	683	18	thirty	thirty	NUM
cblr-12481	683	19	-	-	PUNCT
cblr-12481	683	20	three	three	NUM
cblr-12481	683	21	states	state	NOUN
cblr-12481	683	22	have	have	AUX
cblr-12481	683	23	at	at	ADP
cblr-12481	683	24	some	some	DET
cblr-12481	683	25	point	point	NOUN
cblr-12481	683	26	had	have	VERB
cblr-12481	683	27	shareholder	shareholder	NOUN
cblr-12481	683	28	constituency	constituency	NOUN
cblr-12481	683	29	statutes	statute	NOUN
cblr-12481	683	30	;	;	PUNCT
cblr-12481	683	31	twenty	twenty	NUM
cblr-12481	683	32	-	-	PUNCT
cblr-12481	683	33	nine	nine	NUM
cblr-12481	683	34	of	of	ADP
cblr-12481	683	35	these	these	PRON
cblr-12481	683	36	do	do	AUX
cblr-12481	683	37	not	not	PART
cblr-12481	683	38	have	have	VERB
cblr-12481	683	39	opt	opt	VERB
cblr-12481	683	40	-	-	PUNCT
cblr-12481	683	41	in	in	ADP
cblr-12481	683	42	or	or	CCONJ
cblr-12481	683	43	opt	opt	VERB
cblr-12481	683	44	-	-	PUNCT
cblr-12481	683	45	out	out	ADP
cblr-12481	683	46	mechanisms	mechanism	NOUN
cblr-12481	683	47	.	.	PUNCT
cblr-12481	684	1	see	see	VERB
cblr-12481	684	2	bebchuk	bebchuk	PROPN
cblr-12481	684	3	et	et	PROPN
cblr-12481	684	4	al	al	PROPN
cblr-12481	684	5	.	.	PROPN
cblr-12481	684	6	,	,	PUNCT
cblr-12481	684	7	supra	supra	PROPN
cblr-12481	684	8	note	note	PROPN
cblr-12481	684	9	88	88	NUM
cblr-12481	684	10	,	,	PUNCT
cblr-12481	684	11	at	at	ADP
cblr-12481	684	12	1489–90	1489–90	NUM
cblr-12481	684	13	.	.	PUNCT
cblr-12481	685	1	119	119	NUM
cblr-12481	685	2	these	these	DET
cblr-12481	685	3	statutes	statute	NOUN
cblr-12481	685	4	are	be	AUX
cblr-12481	685	5	often	often	ADV
cblr-12481	685	6	heralded	herald	VERB
cblr-12481	685	7	by	by	ADP
cblr-12481	685	8	stakeholder	stakeholder	NOUN
cblr-12481	685	9	governance	governance	NOUN
cblr-12481	685	10	advocates	advocate	NOUN
cblr-12481	685	11	as	as	ADP
cblr-12481	685	12	an	an	DET
cblr-12481	685	13	example	example	NOUN
cblr-12481	685	14	of	of	ADP
cblr-12481	685	15	how	how	SCONJ
cblr-12481	685	16	stakeholder	stakeholder	NOUN
cblr-12481	685	17	interests	interest	NOUN
cblr-12481	685	18	may	may	AUX
cblr-12481	685	19	be	be	AUX
cblr-12481	685	20	incorporated	incorporate	VERB
cblr-12481	685	21	into	into	ADP
cblr-12481	685	22	corporate	corporate	ADJ
cblr-12481	685	23	law	law	NOUN
cblr-12481	685	24	.	.	PUNCT
cblr-12481	686	1	however	however	ADV
cblr-12481	686	2	,	,	PUNCT
cblr-12481	686	3	their	their	PRON
cblr-12481	686	4	practical	practical	ADJ
cblr-12481	686	5	effect	effect	NOUN
cblr-12481	686	6	has	have	AUX
cblr-12481	686	7	been	be	AUX
cblr-12481	686	8	dismissed	dismiss	VERB
cblr-12481	686	9	in	in	ADP
cblr-12481	686	10	scholarship	scholarship	NOUN
cblr-12481	686	11	by	by	ADP
cblr-12481	686	12	lucian	lucian	PROPN
cblr-12481	686	13	bebchuk	bebchuk	PROPN
cblr-12481	686	14	,	,	PUNCT
cblr-12481	686	15	kobi	kobi	PROPN
cblr-12481	686	16	kastiel	kastiel	PROPN
cblr-12481	686	17	,	,	PUNCT
cblr-12481	686	18	and	and	CCONJ
cblr-12481	686	19	roberto	roberto	PROPN
cblr-12481	686	20	tallarita	tallarita	PROPN
cblr-12481	686	21	who	who	PRON
cblr-12481	686	22	find	find	VERB
cblr-12481	686	23	that	that	SCONJ
cblr-12481	686	24	,	,	PUNCT
cblr-12481	686	25	as	as	ADP
cblr-12481	686	26	a	a	DET
cblr-12481	686	27	matter	matter	NOUN
cblr-12481	686	28	of	of	ADP
cblr-12481	686	29	practice	practice	NOUN
cblr-12481	686	30	,	,	PUNCT
cblr-12481	686	31	managers	manager	NOUN
cblr-12481	686	32	seldom	seldom	ADV
cblr-12481	686	33	bargain	bargain	VERB
cblr-12481	686	34	for	for	ADP
cblr-12481	686	35	stakeholder	stakeholder	NOUN
cblr-12481	686	36	interests	interest	NOUN
cblr-12481	686	37	.	.	PUNCT
cblr-12481	687	1	i	i	PRON
cblr-12481	687	2	d.	d.	PROPN
cblr-12481	687	3	at	at	ADP
cblr-12481	687	4	1490	1490	NUM
cblr-12481	687	5	.	.	PUNCT
cblr-12481	688	1	120	120	NUM
cblr-12481	688	2	see	see	VERB
cblr-12481	688	3	,	,	PUNCT
cblr-12481	688	4	e.g.	e.g.	ADV
cblr-12481	688	5	,	,	PUNCT
cblr-12481	688	6	8	8	NUM
cblr-12481	688	7	del	del	PROPN
cblr-12481	688	8	.	.	PROPN
cblr-12481	688	9	c.	c.	PROPN
cblr-12481	688	10	362(a	362(a	PROPN
cblr-12481	688	11	)	)	PUNCT
cblr-12481	688	12	(	(	PUNCT
cblr-12481	688	13	a	a	DET
cblr-12481	688	14	public	public	ADJ
cblr-12481	688	15	benefit	benefit	NOUN
cblr-12481	688	16	corporation	corporation	NOUN
cblr-12481	688	17	“	"	PUNCT
cblr-12481	688	18	is	be	AUX
cblr-12481	688	19	intended	intend	VERB
cblr-12481	688	20	to	to	PART
cblr-12481	688	21	produce	produce	VERB
cblr-12481	688	22	a	a	DET
cblr-12481	688	23	public	public	ADJ
cblr-12481	688	24	benefit	benefit	NOUN
cblr-12481	688	25	or	or	CCONJ
cblr-12481	688	26	public	public	ADJ
cblr-12481	688	27	benefits	benefit	NOUN
cblr-12481	688	28	and	and	CCONJ
cblr-12481	688	29	to	to	PART
cblr-12481	688	30	operate	operate	VERB
cblr-12481	688	31	in	in	ADP
cblr-12481	688	32	a	a	DET
cblr-12481	688	33	responsible	responsible	ADJ
cblr-12481	688	34	and	and	CCONJ
cblr-12481	688	35	sustainable	sustainable	ADJ
cblr-12481	688	36	manner	manner	NOUN
cblr-12481	688	37	”	"	PUNCT
cblr-12481	688	38	and	and	CCONJ
cblr-12481	688	39	“	"	PUNCT
cblr-12481	688	40	shall	shall	AUX
cblr-12481	688	41	be	be	AUX
cblr-12481	688	42	managed	manage	VERB
cblr-12481	688	43	in	in	ADP
cblr-12481	688	44	a	a	DET
cblr-12481	688	45	manner	manner	NOUN
cblr-12481	688	46	that	that	PRON
cblr-12481	688	47	balances	balance	VERB
cblr-12481	688	48	the	the	DET
cblr-12481	688	49	stockholders	stockholder	NOUN
cblr-12481	688	50	’	'	PUNCT
cblr-12481	688	51	pecuniary	pecuniary	ADJ
cblr-12481	688	52	interests	interest	NOUN
cblr-12481	688	53	,	,	PUNCT
cblr-12481	688	54	the	the	DET
cblr-12481	688	55	best	good	ADJ
cblr-12481	688	56	interests	interest	NOUN
cblr-12481	688	57	of	of	ADP
cblr-12481	688	58	those	those	PRON
cblr-12481	688	59	materially	materially	ADV
cblr-12481	688	60	affected	affect	VERB
cblr-12481	688	61	by	by	ADP
cblr-12481	688	62	the	the	DET
cblr-12481	688	63	corporation	corporation	NOUN
cblr-12481	688	64	’s	’s	PART
cblr-12481	688	65	conduct	conduct	NOUN
cblr-12481	688	66	,	,	PUNCT
cblr-12481	688	67	and	and	CCONJ
cblr-12481	688	68	the	the	DET
cblr-12481	688	69	public	public	ADJ
cblr-12481	688	70	benefit	benefit	NOUN
cblr-12481	688	71	or	or	CCONJ
cblr-12481	688	72	public	public	ADJ
cblr-12481	688	73	benefits	benefit	NOUN
cblr-12481	688	74	identified	identify	VERB
cblr-12481	688	75	in	in	ADP
cblr-12481	688	76	its	its	PRON
cblr-12481	688	77	certificate	certificate	NOUN
cblr-12481	688	78	of	of	ADP
cblr-12481	688	79	incorporation	incorporation	NOUN
cblr-12481	688	80	.	.	PUNCT
cblr-12481	688	81	”	"	PUNCT
cblr-12481	688	82	)	)	PUNCT
cblr-12481	688	83	.	.	PUNCT
cblr-12481	689	1	121	121	NUM
cblr-12481	689	2	see	see	VERB
cblr-12481	689	3	,	,	PUNCT
cblr-12481	689	4	e.g.	e.g.	ADV
cblr-12481	689	5	,bebchuk	,bebchuk	PUNCT
cblr-12481	689	6	&	&	CCONJ
cblr-12481	689	7	tallarita	tallarita	PROPN
cblr-12481	689	8	,	,	PUNCT
cblr-12481	689	9	supra	supra	PROPN
cblr-12481	689	10	note	note	PROPN
cblr-12481	689	11	54	54	NUM
cblr-12481	689	12	;	;	PUNCT
cblr-12481	689	13	bebchuk	bebchuk	PROPN
cblr-12481	689	14	et	et	PROPN
cblr-12481	689	15	al	al	PROPN
cblr-12481	689	16	.	.	PROPN
cblr-12481	689	17	,	,	PUNCT
cblr-12481	689	18	supra	supra	PROPN
cblr-12481	689	19	note	note	PROPN
cblr-12481	689	20	88	88	NUM
cblr-12481	689	21	;	;	PUNCT
cblr-12481	689	22	bebchuk	bebchuk	PROPN
cblr-12481	689	23	&	&	CCONJ
cblr-12481	689	24	tallarita	tallarita	PROPN
cblr-12481	689	25	,	,	PUNCT
cblr-12481	689	26	supra	supra	PROPN
cblr-12481	689	27	note	note	NOUN
cblr-12481	689	28	22	22	NUM
cblr-12481	689	29	.	.	PUNCT
cblr-12481	690	1	no	no	INTJ
cblr-12481	690	2	.	.	NOUN
cblr-12481	691	1	2	2	NUM
cblr-12481	691	2	]	]	X
cblr-12481	691	3	corporate	corporate	ADJ
cblr-12481	691	4	technocracy	technocracy	NOUN
cblr-12481	691	5	869	869	NUM
cblr-12481	691	6	managers	manager	NOUN
cblr-12481	691	7	as	as	ADP
cblr-12481	691	8	the	the	DET
cblr-12481	691	9	agents	agent	NOUN
cblr-12481	691	10	of	of	ADP
cblr-12481	691	11	stakeholder	stakeholder	NOUN
cblr-12481	691	12	principals	principal	NOUN
cblr-12481	691	13	.	.	PUNCT
cblr-12481	692	1	practically	practically	ADV
cblr-12481	692	2	,	,	PUNCT
cblr-12481	692	3	however	however	ADV
cblr-12481	692	4	,	,	PUNCT
cblr-12481	692	5	they	they	PRON
cblr-12481	692	6	expand	expand	VERB
cblr-12481	692	7	managerial	managerial	ADJ
cblr-12481	692	8	discretion	discretion	NOUN
cblr-12481	692	9	without	without	ADP
cblr-12481	692	10	providing	provide	VERB
cblr-12481	692	11	any	any	DET
cblr-12481	692	12	corresponding	corresponding	ADJ
cblr-12481	692	13	oversight	oversight	NOUN
cblr-12481	692	14	or	or	CCONJ
cblr-12481	692	15	accountability	accountability	NOUN
cblr-12481	692	16	mechanism	mechanism	NOUN
cblr-12481	692	17	under	under	ADP
cblr-12481	692	18	the	the	DET
cblr-12481	692	19	control	control	NOUN
cblr-12481	692	20	of	of	ADP
cblr-12481	692	21	stakeholder	stakeholder	NOUN
cblr-12481	692	22	principals	principal	NOUN
cblr-12481	692	23	.	.	PUNCT
cblr-12481	693	1	2	2	X
cblr-12481	693	2	.	.	NUM
cblr-12481	693	3	enlightened	enlighten	VERB
cblr-12481	693	4	shareholder	shareholder	NOUN
cblr-12481	693	5	primacy	primacy	NOUN
cblr-12481	693	6	enlightened	enlighten	VERB
cblr-12481	693	7	shareholder	shareholder	NOUN
cblr-12481	693	8	primacy	primacy	NOUN
cblr-12481	693	9	can	can	AUX
cblr-12481	693	10	be	be	AUX
cblr-12481	693	11	applied	apply	VERB
cblr-12481	693	12	to	to	ADP
cblr-12481	693	13	some	some	DET
cblr-12481	693	14	esg	esg	NOUN
cblr-12481	693	15	objectives	objective	NOUN
cblr-12481	693	16	more	more	ADV
cblr-12481	693	17	easily	easily	ADV
cblr-12481	693	18	than	than	ADP
cblr-12481	693	19	others	other	NOUN
cblr-12481	693	20	.	.	PUNCT
cblr-12481	694	1	for	for	ADP
cblr-12481	694	2	some	some	DET
cblr-12481	694	3	esg	esg	PROPN
cblr-12481	694	4	objectives	objective	NOUN
cblr-12481	694	5	,	,	PUNCT
cblr-12481	694	6	related	related	ADJ
cblr-12481	694	7	decisions	decision	NOUN
cblr-12481	694	8	have	have	VERB
cblr-12481	694	9	an	an	DET
cblr-12481	694	10	obviously	obviously	ADV
cblr-12481	694	11	rational	rational	ADJ
cblr-12481	694	12	business	business	NOUN
cblr-12481	694	13	purpose	purpose	NOUN
cblr-12481	694	14	,	,	PUNCT
cblr-12481	694	15	like	like	ADP
cblr-12481	694	16	a	a	DET
cblr-12481	694	17	human	human	ADJ
cblr-12481	694	18	capital	capital	NOUN
cblr-12481	694	19	management	management	NOUN
cblr-12481	694	20	(	(	PUNCT
cblr-12481	694	21	hcm	hcm	NOUN
cblr-12481	694	22	)	)	PUNCT
cblr-12481	694	23	agenda	agenda	NOUN
cblr-12481	694	24	that	that	PRON
cblr-12481	694	25	considers	consider	VERB
cblr-12481	694	26	workers	worker	NOUN
cblr-12481	694	27	as	as	ADP
cblr-12481	694	28	corporate	corporate	ADJ
cblr-12481	694	29	“	"	PUNCT
cblr-12481	694	30	assets	asset	NOUN
cblr-12481	694	31	”	"	PUNCT
cblr-12481	694	32	that	that	PRON
cblr-12481	694	33	should	should	AUX
cblr-12481	694	34	be	be	AUX
cblr-12481	694	35	managed	manage	VERB
cblr-12481	694	36	like	like	ADP
cblr-12481	694	37	its	its	PRON
cblr-12481	694	38	physical	physical	ADJ
cblr-12481	694	39	and	and	CCONJ
cblr-12481	694	40	capital	capital	NOUN
cblr-12481	694	41	assets.122	assets.122	NOUN
cblr-12481	694	42	other	other	ADJ
cblr-12481	694	43	decisions	decision	NOUN
cblr-12481	694	44	are	be	AUX
cblr-12481	694	45	more	more	ADV
cblr-12481	694	46	expressive	expressive	ADJ
cblr-12481	694	47	and	and	CCONJ
cblr-12481	694	48	present	present	VERB
cblr-12481	694	49	a	a	DET
cblr-12481	694	50	tenuous	tenuous	ADJ
cblr-12481	694	51	pecuniary	pecuniary	ADJ
cblr-12481	694	52	connection	connection	NOUN
cblr-12481	694	53	.	.	PUNCT
cblr-12481	695	1	one	one	NUM
cblr-12481	695	2	example	example	NOUN
cblr-12481	695	3	is	be	AUX
cblr-12481	695	4	disney	disney	NOUN
cblr-12481	695	5	lobbying	lobby	VERB
cblr-12481	695	6	against	against	ADP
cblr-12481	695	7	a	a	DET
cblr-12481	695	8	florida	florida	PROPN
cblr-12481	695	9	education	education	NOUN
cblr-12481	695	10	bill	bill	NOUN
cblr-12481	695	11	prohibiting	prohibit	VERB
cblr-12481	695	12	instruction	instruction	NOUN
cblr-12481	695	13	on	on	ADP
cblr-12481	695	14	sexual	sexual	ADJ
cblr-12481	695	15	orientation	orientation	NOUN
cblr-12481	695	16	or	or	CCONJ
cblr-12481	695	17	gender	gender	NOUN
cblr-12481	695	18	identity	identity	NOUN
cblr-12481	695	19	in	in	ADP
cblr-12481	695	20	public	public	ADJ
cblr-12481	695	21	elementary	elementary	NOUN
cblr-12481	695	22	schools.123	schools.123	ADP
cblr-12481	695	23	the	the	DET
cblr-12481	695	24	bill	bill	NOUN
cblr-12481	695	25	does	do	AUX
cblr-12481	695	26	n’t	not	PART
cblr-12481	695	27	have	have	VERB
cblr-12481	695	28	a	a	DET
cblr-12481	695	29	direct	direct	ADJ
cblr-12481	695	30	operational	operational	ADJ
cblr-12481	695	31	nexus	nexus	NOUN
cblr-12481	695	32	to	to	ADP
cblr-12481	695	33	disney	disney	PROPN
cblr-12481	695	34	,	,	PUNCT
cblr-12481	695	35	focusing	focus	VERB
cblr-12481	695	36	on	on	ADP
cblr-12481	695	37	florida	florida	PROPN
cblr-12481	695	38	public	public	ADJ
cblr-12481	695	39	school	school	NOUN
cblr-12481	695	40	curricula	curricula	NOUN
cblr-12481	695	41	.	.	PUNCT
cblr-12481	696	1	however	however	ADV
cblr-12481	696	2	,	,	PUNCT
cblr-12481	696	3	sufficient	sufficient	ADJ
cblr-12481	696	4	employee	employee	NOUN
cblr-12481	696	5	discontent	discontent	NOUN
cblr-12481	696	6	in	in	ADP
cblr-12481	696	7	response	response	NOUN
cblr-12481	696	8	to	to	ADP
cblr-12481	696	9	disney	disney	PROPN
cblr-12481	696	10	’s	’s	PART
cblr-12481	696	11	agnostic	agnostic	ADJ
cblr-12481	696	12	position	position	NOUN
cblr-12481	696	13	or	or	CCONJ
cblr-12481	696	14	a	a	DET
cblr-12481	696	15	consumer	consumer	NOUN
cblr-12481	696	16	boycott	boycott	NOUN
cblr-12481	696	17	reacting	react	VERB
cblr-12481	696	18	to	to	ADP
cblr-12481	696	19	disney	disney	PROPN
cblr-12481	696	20	’s	’s	PART
cblr-12481	696	21	symbolic	symbolic	ADJ
cblr-12481	696	22	position	position	NOUN
cblr-12481	696	23	on	on	ADP
cblr-12481	696	24	the	the	DET
cblr-12481	696	25	controversial	controversial	ADJ
cblr-12481	696	26	political	political	ADJ
cblr-12481	696	27	matter	matter	NOUN
cblr-12481	696	28	could	could	AUX
cblr-12481	696	29	result	result	VERB
cblr-12481	696	30	in	in	ADP
cblr-12481	696	31	disney	disney	PROPN
cblr-12481	696	32	’s	’s	PART
cblr-12481	696	33	activism	activism	NOUN
cblr-12481	696	34	acquiring	acquire	VERB
cblr-12481	696	35	a	a	DET
cblr-12481	696	36	rational	rational	ADJ
cblr-12481	696	37	business	business	NOUN
cblr-12481	696	38	connection	connection	NOUN
cblr-12481	696	39	.	.	PUNCT
cblr-12481	697	1	another	another	DET
cblr-12481	697	2	example	example	NOUN
cblr-12481	697	3	is	be	AUX
cblr-12481	697	4	walmart	walmart	PROPN
cblr-12481	697	5	and	and	CCONJ
cblr-12481	697	6	dick	dick	PROPN
cblr-12481	697	7	’s	’s	PART
cblr-12481	697	8	sporting	sporting	NOUN
cblr-12481	697	9	goods	good	NOUN
cblr-12481	697	10	’	'	PUNCT
cblr-12481	697	11	decisions	decision	NOUN
cblr-12481	697	12	to	to	PART
cblr-12481	697	13	remove	remove	VERB
cblr-12481	697	14	assault	assault	NOUN
cblr-12481	697	15	rifles	rifle	NOUN
cblr-12481	697	16	from	from	ADP
cblr-12481	697	17	their	their	PRON
cblr-12481	697	18	retail	retail	ADJ
cblr-12481	697	19	inventory	inventory	NOUN
cblr-12481	697	20	.	.	PUNCT
cblr-12481	698	1	this	this	DET
cblr-12481	698	2	decision	decision	NOUN
cblr-12481	698	3	has	have	VERB
cblr-12481	698	4	a	a	DET
cblr-12481	698	5	direct	direct	ADJ
cblr-12481	698	6	business	business	NOUN
cblr-12481	698	7	nexus	nexus	NOUN
cblr-12481	698	8	,	,	PUNCT
cblr-12481	698	9	concerning	concern	VERB
cblr-12481	698	10	the	the	DET
cblr-12481	698	11	stocking	stocking	NOUN
cblr-12481	698	12	of	of	ADP
cblr-12481	698	13	specific	specific	ADJ
cblr-12481	698	14	products	product	NOUN
cblr-12481	698	15	,	,	PUNCT
cblr-12481	698	16	but	but	CCONJ
cblr-12481	698	17	is	be	AUX
cblr-12481	698	18	justified	justify	VERB
cblr-12481	698	19	with	with	SCONJ
cblr-12481	698	20	the	the	DET
cblr-12481	698	21	principled	principled	ADJ
cblr-12481	698	22	objective	objective	NOUN
cblr-12481	698	23	of	of	ADP
cblr-12481	698	24	advancing	advance	VERB
cblr-12481	698	25	social	social	ADJ
cblr-12481	698	26	welfare	welfare	NOUN
cblr-12481	698	27	rather	rather	ADV
cblr-12481	698	28	than	than	ADP
cblr-12481	698	29	maximizing	maximize	VERB
cblr-12481	698	30	profit.124	profit.124	VERB
cblr-12481	698	31	a	a	DET
cblr-12481	698	32	third	third	ADJ
cblr-12481	698	33	122	122	NUM
cblr-12481	698	34	george	george	PROPN
cblr-12481	698	35	s.	s.	PROPN
cblr-12481	698	36	georgiev	georgiev	PROPN
cblr-12481	698	37	,	,	PUNCT
cblr-12481	698	38	the	the	DET
cblr-12481	698	39	human	human	ADJ
cblr-12481	698	40	capital	capital	NOUN
cblr-12481	698	41	management	management	NOUN
cblr-12481	698	42	movement	movement	NOUN
cblr-12481	698	43	in	in	ADP
cblr-12481	698	44	u.s	u.s	PROPN
cblr-12481	698	45	.	.	PROPN
cblr-12481	698	46	corporate	corporate	ADJ
cblr-12481	698	47	law	law	NOUN
cblr-12481	698	48	,	,	PUNCT
cblr-12481	698	49	95	95	NUM
cblr-12481	698	50	tulane	tulane	PROPN
cblr-12481	698	51	l.	l.	PROPN
cblr-12481	698	52	rev	rev	PROPN
cblr-12481	698	53	.	.	PROPN
cblr-12481	698	54	639	639	NUM
cblr-12481	698	55	,	,	PUNCT
cblr-12481	698	56	644	644	NUM
cblr-12481	698	57	,	,	PUNCT
cblr-12481	698	58	660	660	NUM
cblr-12481	698	59	(	(	PUNCT
cblr-12481	698	60	2021	2021	NUM
cblr-12481	698	61	)	)	PUNCT
cblr-12481	698	62	.	.	PUNCT
cblr-12481	699	1	123	123	NUM
cblr-12481	699	2	robbie	robbie	PROPN
cblr-12481	699	3	whelan	whelan	PROPN
cblr-12481	699	4	&	&	CCONJ
cblr-12481	699	5	joe	joe	PROPN
cblr-12481	699	6	flint	flint	PROPN
cblr-12481	699	7	,	,	PUNCT
cblr-12481	699	8	disney	disney	PROPN
cblr-12481	699	9	chief	chief	NOUN
cblr-12481	699	10	bob	bob	PROPN
cblr-12481	699	11	chapek	chapek	PROPN
cblr-12481	699	12	takes	take	VERB
cblr-12481	699	13	stand	stand	NOUN
cblr-12481	699	14	on	on	ADP
cblr-12481	699	15	florida	florida	PROPN
cblr-12481	699	16	’s	’s	PART
cblr-12481	699	17	parental	parental	ADJ
cblr-12481	699	18	rights	right	NOUN
cblr-12481	699	19	in	in	ADP
cblr-12481	699	20	education	education	NOUN
cblr-12481	699	21	bill	bill	NOUN
cblr-12481	699	22	,	,	PUNCT
cblr-12481	699	23	wall	wall	PROPN
cblr-12481	699	24	st	st	PROPN
cblr-12481	699	25	.	.	PROPN
cblr-12481	699	26	j.	j.	PROPN
cblr-12481	699	27	(	(	PUNCT
cblr-12481	699	28	mar	mar	PROPN
cblr-12481	699	29	.	.	PROPN
cblr-12481	699	30	9	9	NUM
cblr-12481	699	31	,	,	PUNCT
cblr-12481	699	32	2022	2022	NUM
cblr-12481	699	33	)	)	PUNCT
cblr-12481	699	34	,	,	PUNCT
cblr-12481	699	35	https://www.wsj.com/articles/disney-chief-bob-chapek-takes-stand-on-floridas-parental-rights-in-education-bill-11646866002	https://www.wsj.com/articles/disney-chief-bob-chapek-takes-stand-on-floridas-parental-rights-in-education-bill-11646866002	NOUN
cblr-12481	700	1	[	[	X
cblr-12481	700	2	https://perma.cc/tda43qfl	https://perma.cc/tda43qfl	NOUN
cblr-12481	700	3	]	]	X
cblr-12481	700	4	.	.	PUNCT
cblr-12481	701	1	124	124	NUM
cblr-12481	701	2	edward	edward	PROPN
cblr-12481	701	3	w.	w.	PROPN
cblr-12481	701	4	stack	stack	PROPN
cblr-12481	701	5	,	,	PUNCT
cblr-12481	701	6	dick	dick	PROPN
cblr-12481	701	7	’s	’s	PART
cblr-12481	701	8	ceo	ceo	PROPN
cblr-12481	701	9	to	to	ADP
cblr-12481	701	10	high	high	ADJ
cblr-12481	701	11	school	school	NOUN
cblr-12481	701	12	gun	gun	NOUN
cblr-12481	701	13	protesters	protester	NOUN
cblr-12481	701	14	:	:	PUNCT
cblr-12481	701	15	we	we	PRON
cblr-12481	701	16	have	have	AUX
cblr-12481	701	17	heard	hear	VERB
cblr-12481	701	18	you	you	PRON
cblr-12481	701	19	,	,	PUNCT
cblr-12481	701	20	the	the	DET
cblr-12481	701	21	dallas	dallas	PROPN
cblr-12481	701	22	morning	morning	PROPN
cblr-12481	701	23	news	news	PROPN
cblr-12481	701	24	(	(	PUNCT
cblr-12481	701	25	feb	feb	PROPN
cblr-12481	701	26	.	.	PROPN
cblr-12481	701	27	28	28	NUM
cblr-12481	701	28	,	,	PUNCT
cblr-12481	701	29	2018	2018	NUM
cblr-12481	701	30	)	)	PUNCT
cblr-12481	701	31	,	,	PUNCT
cblr-12481	701	32	https://www.dallasnews.com/opinion/commentary/2018/02/28/dick-s-ceo-to-high-schoolgun-protesters-we-have-heard-you/	https://www.dallasnews.com/opinion/commentary/2018/02/28/dick-s-ceo-to-high-schoolgun-protesters-we-have-heard-you/	NOUN
cblr-12481	701	33	[	[	X
cblr-12481	701	34	https://perma.cc/um7e-4743	https://perma.cc/um7e-4743	X
cblr-12481	701	35	]	]	X
cblr-12481	701	36	(	(	PUNCT
cblr-12481	701	37	“	"	PUNCT
cblr-12481	701	38	we	we	PRON
cblr-12481	701	39	hope	hope	VERB
cblr-12481	701	40	others	other	NOUN
cblr-12481	701	41	join	join	VERB
cblr-12481	701	42	us	we	PRON
cblr-12481	701	43	in	in	ADP
cblr-12481	701	44	this	this	DET
cblr-12481	701	45	effort	effort	NOUN
cblr-12481	701	46	to	to	PART
cblr-12481	701	47	let	let	VERB
cblr-12481	701	48	our	our	PRON
cblr-12481	701	49	kids	kid	NOUN
cblr-12481	701	50	know	know	VERB
cblr-12481	701	51	that	that	SCONJ
cblr-12481	701	52	their	their	PRON
cblr-12481	701	53	pleas	plea	NOUN
cblr-12481	701	54	are	be	AUX
cblr-12481	701	55	870	870	NUM
cblr-12481	701	56	columbia	columbia	PROPN
cblr-12481	701	57	business	business	NOUN
cblr-12481	701	58	law	law	PROPN
cblr-12481	701	59	review	review	NOUN
cblr-12481	701	60	[	[	X
cblr-12481	701	61	vol	vol	NOUN
cblr-12481	701	62	.	.	PUNCT
cblr-12481	702	1	2023	2023	NUM
cblr-12481	702	2	example	example	NOUN
cblr-12481	702	3	is	be	AUX
cblr-12481	702	4	lyft	lyft	NOUN
cblr-12481	702	5	and	and	CCONJ
cblr-12481	702	6	uber	uber	NOUN
cblr-12481	702	7	’s	’s	PART
cblr-12481	702	8	advocacy	advocacy	NOUN
cblr-12481	702	9	against	against	ADP
cblr-12481	702	10	a	a	DET
cblr-12481	702	11	texas	texas	PROPN
cblr-12481	702	12	abortion	abortion	NOUN
cblr-12481	702	13	law	law	NOUN
cblr-12481	702	14	.	.	PUNCT
cblr-12481	703	1	the	the	DET
cblr-12481	703	2	ridesharing	ridesharing	NOUN
cblr-12481	703	3	companies	company	NOUN
cblr-12481	703	4	presented	present	VERB
cblr-12481	703	5	their	their	PRON
cblr-12481	703	6	advocacy	advocacy	NOUN
cblr-12481	703	7	as	as	ADP
cblr-12481	703	8	a	a	DET
cblr-12481	703	9	matter	matter	NOUN
cblr-12481	703	10	of	of	ADP
cblr-12481	703	11	political	political	ADJ
cblr-12481	703	12	freedom	freedom	NOUN
cblr-12481	703	13	and	and	CCONJ
cblr-12481	703	14	human	human	ADJ
cblr-12481	703	15	rights	right	NOUN
cblr-12481	703	16	,	,	PUNCT
cblr-12481	703	17	while	while	SCONJ
cblr-12481	703	18	simultaneously	simultaneously	ADV
cblr-12481	703	19	protecting	protect	VERB
cblr-12481	703	20	the	the	DET
cblr-12481	703	21	interests	interest	NOUN
cblr-12481	703	22	of	of	ADP
cblr-12481	703	23	their	their	PRON
cblr-12481	703	24	drivers	driver	NOUN
cblr-12481	703	25	who	who	PRON
cblr-12481	703	26	might	might	AUX
cblr-12481	703	27	face	face	VERB
cblr-12481	703	28	potential	potential	ADJ
cblr-12481	703	29	legal	legal	ADJ
cblr-12481	703	30	liability	liability	NOUN
cblr-12481	703	31	under	under	ADP
cblr-12481	703	32	the	the	DET
cblr-12481	703	33	new	new	ADJ
cblr-12481	703	34	law.125	law.125	NOUN
cblr-12481	703	35	in	in	ADP
cblr-12481	703	36	these	these	DET
cblr-12481	703	37	examples	example	NOUN
cblr-12481	703	38	,	,	PUNCT
cblr-12481	703	39	esg	esg	PROPN
cblr-12481	703	40	complicates	complicate	VERB
cblr-12481	703	41	the	the	DET
cblr-12481	703	42	“	"	PUNCT
cblr-12481	703	43	rational	rational	ADJ
cblr-12481	703	44	business	business	NOUN
cblr-12481	703	45	purpose	purpose	NOUN
cblr-12481	703	46	”	"	PUNCT
cblr-12481	703	47	that	that	PRON
cblr-12481	703	48	limits	limit	VERB
cblr-12481	703	49	the	the	DET
cblr-12481	703	50	business	business	NOUN
cblr-12481	703	51	judgment	judgment	NOUN
cblr-12481	703	52	rule	rule	NOUN
cblr-12481	703	53	,	,	PUNCT
cblr-12481	703	54	and	and	CCONJ
cblr-12481	703	55	,	,	PUNCT
cblr-12481	703	56	with	with	ADP
cblr-12481	703	57	it	it	PRON
cblr-12481	703	58	,	,	PUNCT
cblr-12481	703	59	the	the	DET
cblr-12481	703	60	appropriate	appropriate	ADJ
cblr-12481	703	61	scope	scope	NOUN
cblr-12481	703	62	of	of	ADP
cblr-12481	703	63	managerial	managerial	ADJ
cblr-12481	703	64	discretion	discretion	NOUN
cblr-12481	703	65	under	under	ADP
cblr-12481	703	66	an	an	DET
cblr-12481	703	67	enlightened	enlighten	VERB
cblr-12481	703	68	shareholder	shareholder	NOUN
cblr-12481	703	69	primacy	primacy	NOUN
cblr-12481	703	70	paradigm	paradigm	NOUN
cblr-12481	703	71	.	.	PUNCT
cblr-12481	704	1	under	under	ADP
cblr-12481	704	2	current	current	ADJ
cblr-12481	704	3	doctrine	doctrine	NOUN
cblr-12481	704	4	,	,	PUNCT
cblr-12481	704	5	hybrid	hybrid	ADJ
cblr-12481	704	6	pecuniary	pecuniary	ADJ
cblr-12481	704	7	and	and	CCONJ
cblr-12481	704	8	expressive	expressive	ADJ
cblr-12481	704	9	esg	esg	NOUN
cblr-12481	704	10	decisions	decision	NOUN
cblr-12481	704	11	leave	leave	VERB
cblr-12481	704	12	managers	manager	NOUN
cblr-12481	704	13	vulnerable	vulnerable	ADJ
cblr-12481	704	14	to	to	ADP
cblr-12481	704	15	shareholder	shareholder	NOUN
cblr-12481	704	16	oversight	oversight	NOUN
cblr-12481	704	17	unless	unless	SCONJ
cblr-12481	704	18	they	they	PRON
cblr-12481	704	19	can	can	AUX
cblr-12481	704	20	attribute	attribute	VERB
cblr-12481	704	21	such	such	ADJ
cblr-12481	704	22	decisions	decision	NOUN
cblr-12481	704	23	to	to	ADP
cblr-12481	704	24	a	a	DET
cblr-12481	704	25	rational	rational	ADJ
cblr-12481	704	26	business	business	NOUN
cblr-12481	704	27	purpose	purpose	NOUN
cblr-12481	704	28	.	.	PUNCT
cblr-12481	705	1	managers	manager	NOUN
cblr-12481	705	2	can	can	AUX
cblr-12481	705	3	and	and	CCONJ
cblr-12481	705	4	generally	generally	ADV
cblr-12481	705	5	do	do	AUX
cblr-12481	705	6	avoid	avoid	VERB
cblr-12481	705	7	this	this	DET
cblr-12481	705	8	risk	risk	NOUN
cblr-12481	705	9	by	by	ADP
cblr-12481	705	10	couching	couch	VERB
cblr-12481	705	11	their	their	PRON
cblr-12481	705	12	social	social	ADJ
cblr-12481	705	13	and	and	CCONJ
cblr-12481	705	14	political	political	ADJ
cblr-12481	705	15	decisions	decision	NOUN
cblr-12481	705	16	in	in	ADP
cblr-12481	705	17	terms	term	NOUN
cblr-12481	705	18	of	of	ADP
cblr-12481	705	19	long	long	ADJ
cblr-12481	705	20	-	-	PUNCT
cblr-12481	705	21	term	term	NOUN
cblr-12481	705	22	profit	profit	NOUN
cblr-12481	705	23	.	.	PUNCT
cblr-12481	706	1	supposing	suppose	VERB
cblr-12481	706	2	that	that	SCONJ
cblr-12481	706	3	even	even	ADV
cblr-12481	706	4	the	the	DET
cblr-12481	706	5	long	long	ADJ
cblr-12481	706	6	-	-	PUNCT
cblr-12481	706	7	term	term	NOUN
cblr-12481	706	8	objective	objective	NOUN
cblr-12481	706	9	of	of	ADP
cblr-12481	706	10	wealth	wealth	NOUN
cblr-12481	706	11	-	-	PUNCT
cblr-12481	706	12	creation	creation	NOUN
cblr-12481	706	13	were	be	AUX
cblr-12481	706	14	removed	remove	VERB
cblr-12481	706	15	as	as	ADP
cblr-12481	706	16	a	a	DET
cblr-12481	706	17	limiting	limit	VERB
cblr-12481	706	18	factor	factor	NOUN
cblr-12481	706	19	to	to	ADP
cblr-12481	706	20	“	"	PUNCT
cblr-12481	706	21	rational	rational	ADJ
cblr-12481	706	22	”	"	PUNCT
cblr-12481	706	23	business	business	NOUN
cblr-12481	706	24	purposes	purpose	NOUN
cblr-12481	706	25	,	,	PUNCT
cblr-12481	706	26	as	as	SCONJ
cblr-12481	706	27	managerialists	managerialist	NOUN
cblr-12481	706	28	advocate	advocate	VERB
cblr-12481	706	29	,	,	PUNCT
cblr-12481	706	30	the	the	DET
cblr-12481	706	31	agency	agency	NOUN
cblr-12481	706	32	costs	cost	NOUN
cblr-12481	706	33	of	of	ADP
cblr-12481	706	34	such	such	ADJ
cblr-12481	706	35	discretion	discretion	NOUN
cblr-12481	706	36	are	be	AUX
cblr-12481	706	37	potentially	potentially	ADV
cblr-12481	706	38	very	very	ADV
cblr-12481	706	39	high	high	ADJ
cblr-12481	706	40	.	.	PUNCT
cblr-12481	707	1	with	with	ADP
cblr-12481	707	2	such	such	DET
cblr-12481	707	3	a	a	DET
cblr-12481	707	4	liberal	liberal	ADJ
cblr-12481	707	5	standard	standard	NOUN
cblr-12481	707	6	,	,	PUNCT
cblr-12481	707	7	managers	manager	NOUN
cblr-12481	707	8	could	could	AUX
cblr-12481	707	9	advance	advance	VERB
cblr-12481	707	10	their	their	PRON
cblr-12481	707	11	own	own	ADJ
cblr-12481	707	12	idiosyncratic	idiosyncratic	ADJ
cblr-12481	707	13	values	value	NOUN
cblr-12481	707	14	at	at	ADP
cblr-12481	707	15	the	the	DET
cblr-12481	707	16	expense	expense	NOUN
cblr-12481	707	17	of	of	ADP
cblr-12481	707	18	shareholder	shareholder	NOUN
cblr-12481	707	19	welfare	welfare	NOUN
cblr-12481	707	20	or	or	CCONJ
cblr-12481	707	21	use	use	VERB
cblr-12481	707	22	the	the	DET
cblr-12481	707	23	pursuit	pursuit	NOUN
cblr-12481	707	24	of	of	ADP
cblr-12481	707	25	social	social	ADJ
cblr-12481	707	26	objectives	objective	NOUN
cblr-12481	707	27	as	as	ADP
cblr-12481	707	28	cover	cover	NOUN
cblr-12481	707	29	for	for	ADP
cblr-12481	707	30	self	self	NOUN
cblr-12481	707	31	-	-	PUNCT
cblr-12481	707	32	enrichment	enrichment	NOUN
cblr-12481	707	33	.	.	PUNCT
cblr-12481	708	1	where	where	SCONJ
cblr-12481	708	2	decisions	decision	NOUN
cblr-12481	708	3	are	be	AUX
cblr-12481	708	4	made	make	VERB
cblr-12481	708	5	under	under	ADP
cblr-12481	708	6	the	the	DET
cblr-12481	708	7	pretense	pretense	NOUN
cblr-12481	708	8	of	of	ADP
cblr-12481	708	9	principle	principle	NOUN
cblr-12481	708	10	but	but	CCONJ
cblr-12481	708	11	have	have	VERB
cblr-12481	708	12	a	a	DET
cblr-12481	708	13	strategic	strategic	ADJ
cblr-12481	708	14	objective	objective	NOUN
cblr-12481	708	15	,	,	PUNCT
cblr-12481	708	16	such	such	ADJ
cblr-12481	708	17	as	as	ADP
cblr-12481	708	18	generating	generate	VERB
cblr-12481	708	19	employee	employee	NOUN
cblr-12481	708	20	loyalty	loyalty	NOUN
cblr-12481	708	21	or	or	CCONJ
cblr-12481	708	22	consumer	consumer	NOUN
cblr-12481	708	23	goodwill	goodwill	NOUN
cblr-12481	708	24	,	,	PUNCT
cblr-12481	708	25	disclosing	disclose	VERB
cblr-12481	708	26	the	the	DET
cblr-12481	708	27	true	true	ADJ
cblr-12481	708	28	objective	objective	ADJ
cblr-12481	708	29	undermines	undermine	VERB
cblr-12481	708	30	the	the	DET
cblr-12481	708	31	instrumental	instrumental	ADJ
cblr-12481	708	32	function	function	NOUN
cblr-12481	708	33	of	of	ADP
cblr-12481	708	34	such	such	ADJ
cblr-12481	708	35	woke	wake	VERB
cblr-12481	708	36	washing	washing	NOUN
cblr-12481	708	37	and	and	CCONJ
cblr-12481	708	38	undermines	undermine	VERB
cblr-12481	708	39	its	its	PRON
cblr-12481	708	40	rational	rational	ADJ
cblr-12481	708	41	business	business	NOUN
cblr-12481	708	42	value	value	NOUN
cblr-12481	708	43	.	.	PUNCT
cblr-12481	709	1	these	these	DET
cblr-12481	709	2	instrumental	instrumental	ADJ
cblr-12481	709	3	motives	motive	NOUN
cblr-12481	709	4	are	be	AUX
cblr-12481	709	5	not	not	PART
cblr-12481	709	6	,	,	PUNCT
cblr-12481	709	7	on	on	ADP
cblr-12481	709	8	their	their	PRON
cblr-12481	709	9	face	face	NOUN
cblr-12481	709	10	,	,	PUNCT
cblr-12481	709	11	distinguishable	distinguishable	ADJ
cblr-12481	709	12	from	from	ADP
cblr-12481	709	13	those	those	PRON
cblr-12481	709	14	made	make	VERB
cblr-12481	709	15	for	for	ADP
cblr-12481	709	16	a	a	DET
cblr-12481	709	17	sincerely	sincerely	ADV
cblr-12481	709	18	expressive	expressive	ADJ
cblr-12481	709	19	purpose	purpose	NOUN
cblr-12481	709	20	.	.	PUNCT
cblr-12481	710	1	the	the	DET
cblr-12481	710	2	entanglement	entanglement	NOUN
cblr-12481	710	3	of	of	ADP
cblr-12481	710	4	being	be	AUX
cblr-12481	710	5	taken	take	VERB
cblr-12481	710	6	seriously	seriously	ADV
cblr-12481	710	7	.	.	PUNCT
cblr-12481	711	1	some	some	PRON
cblr-12481	711	2	will	will	AUX
cblr-12481	711	3	say	say	VERB
cblr-12481	711	4	these	these	DET
cblr-12481	711	5	steps	step	NOUN
cblr-12481	711	6	ca	can	AUX
cblr-12481	711	7	n’t	not	PART
cblr-12481	711	8	guarantee	guarantee	VERB
cblr-12481	711	9	tragedies	tragedy	NOUN
cblr-12481	711	10	like	like	ADP
cblr-12481	711	11	parkland	parkland	NOUN
cblr-12481	711	12	will	will	AUX
cblr-12481	711	13	never	never	ADV
cblr-12481	711	14	happen	happen	VERB
cblr-12481	711	15	again	again	ADV
cblr-12481	711	16	.	.	PUNCT
cblr-12481	712	1	they	they	PRON
cblr-12481	712	2	may	may	AUX
cblr-12481	712	3	be	be	AUX
cblr-12481	712	4	correct	correct	ADJ
cblr-12481	712	5	but	but	CCONJ
cblr-12481	712	6	if	if	SCONJ
cblr-12481	712	7	common	common	ADJ
cblr-12481	712	8	sense	sense	NOUN
cblr-12481	712	9	reform	reform	NOUN
cblr-12481	712	10	is	be	AUX
cblr-12481	712	11	enacted	enact	VERB
cblr-12481	712	12	and	and	CCONJ
cblr-12481	712	13	even	even	ADV
cblr-12481	712	14	one	one	NUM
cblr-12481	712	15	life	life	NOUN
cblr-12481	712	16	is	be	AUX
cblr-12481	712	17	saved	save	VERB
cblr-12481	712	18	,	,	PUNCT
cblr-12481	712	19	it	it	PRON
cblr-12481	712	20	will	will	AUX
cblr-12481	712	21	have	have	AUX
cblr-12481	712	22	been	be	AUX
cblr-12481	712	23	worth	worth	ADJ
cblr-12481	712	24	it	it	PRON
cblr-12481	712	25	.	.	PUNCT
cblr-12481	713	1	we	we	PRON
cblr-12481	713	2	deeply	deeply	ADV
cblr-12481	713	3	believe	believe	VERB
cblr-12481	713	4	that	that	SCONJ
cblr-12481	713	5	this	this	DET
cblr-12481	713	6	country	country	NOUN
cblr-12481	713	7	’s	’s	PART
cblr-12481	713	8	most	most	ADV
cblr-12481	713	9	precious	precious	ADJ
cblr-12481	713	10	gift	gift	NOUN
cblr-12481	713	11	is	be	AUX
cblr-12481	713	12	our	our	PRON
cblr-12481	713	13	children	child	NOUN
cblr-12481	713	14	.	.	PUNCT
cblr-12481	714	1	they	they	PRON
cblr-12481	714	2	are	be	AUX
cblr-12481	714	3	our	our	PRON
cblr-12481	714	4	future	future	NOUN
cblr-12481	714	5	.	.	PUNCT
cblr-12481	715	1	we	we	PRON
cblr-12481	715	2	must	must	AUX
cblr-12481	715	3	keep	keep	VERB
cblr-12481	715	4	them	they	PRON
cblr-12481	715	5	safe	safe	ADJ
cblr-12481	715	6	.	.	PUNCT
cblr-12481	715	7	”	"	PUNCT
cblr-12481	715	8	)	)	PUNCT
cblr-12481	715	9	.	.	PUNCT
cblr-12481	716	1	125	125	NUM
cblr-12481	716	2	see	see	VERB
cblr-12481	716	3	,	,	PUNCT
cblr-12481	716	4	e.g.	e.g.	ADV
cblr-12481	716	5	,	,	PUNCT
cblr-12481	716	6	logan	logan	PROPN
cblr-12481	716	7	green	green	PROPN
cblr-12481	716	8	(	(	PUNCT
cblr-12481	716	9	@logangreen	@logangreen	PROPN
cblr-12481	716	10	)	)	PUNCT
cblr-12481	716	11	,	,	PUNCT
cblr-12481	716	12	x	x	X
cblr-12481	716	13	,	,	PUNCT
cblr-12481	716	14	https://twitter.com/logangreen/status/1433872535288827911	https://twitter.com/logangreen/status/1433872535288827911	PROPN
cblr-12481	716	15	[	[	X
cblr-12481	716	16	https://perma.cc/48de-quzr	https://perma.cc/48de-quzr	NOUN
cblr-12481	716	17	]	]	X
cblr-12481	716	18	(	(	PUNCT
cblr-12481	716	19	“	"	PUNCT
cblr-12481	716	20	this	this	PRON
cblr-12481	716	21	is	be	AUX
cblr-12481	716	22	an	an	DET
cblr-12481	716	23	attack	attack	NOUN
cblr-12481	716	24	on	on	ADP
cblr-12481	716	25	women	woman	NOUN
cblr-12481	716	26	’s	’s	PART
cblr-12481	716	27	access	access	NOUN
cblr-12481	716	28	to	to	ADP
cblr-12481	716	29	healthcare	healthcare	NOUN
cblr-12481	716	30	and	and	CCONJ
cblr-12481	716	31	on	on	ADP
cblr-12481	716	32	their	their	PRON
cblr-12481	716	33	right	right	NOUN
cblr-12481	716	34	to	to	PART
cblr-12481	716	35	choose	choose	VERB
cblr-12481	716	36	.	.	PUNCT
cblr-12481	717	1	@lyft	@lyft	PROPN
cblr-12481	717	2	is	be	AUX
cblr-12481	717	3	donating	donate	VERB
cblr-12481	717	4	$	$	SYM
cblr-12481	717	5	1	1	NUM
cblr-12481	717	6	million	million	NUM
cblr-12481	717	7	to	to	ADP
cblr-12481	717	8	planned	plan	VERB
cblr-12481	717	9	parenthood	parenthood	NOUN
cblr-12481	717	10	to	to	PART
cblr-12481	717	11	ensure	ensure	VERB
cblr-12481	717	12	that	that	SCONJ
cblr-12481	717	13	transportation	transportation	NOUN
cblr-12481	717	14	is	be	AUX
cblr-12481	717	15	never	never	ADV
cblr-12481	717	16	a	a	DET
cblr-12481	717	17	barrier	barrier	NOUN
cblr-12481	717	18	to	to	ADP
cblr-12481	717	19	healthcare	healthcare	NOUN
cblr-12481	717	20	access	access	NOUN
cblr-12481	717	21	.	.	PUNCT
cblr-12481	718	1	we	we	PRON
cblr-12481	718	2	encourage	encourage	VERB
cblr-12481	718	3	other	other	ADJ
cblr-12481	718	4	companies	company	NOUN
cblr-12481	718	5	to	to	PART
cblr-12481	718	6	join	join	VERB
cblr-12481	718	7	us	we	PRON
cblr-12481	718	8	.	.	PUNCT
cblr-12481	718	9	”	"	PUNCT
cblr-12481	718	10	)	)	PUNCT
cblr-12481	718	11	.	.	PUNCT
cblr-12481	719	1	no	no	INTJ
cblr-12481	719	2	.	.	NOUN
cblr-12481	720	1	2	2	NUM
cblr-12481	720	2	]	]	X
cblr-12481	720	3	corporate	corporate	ADJ
cblr-12481	720	4	technocracy	technocracy	NOUN
cblr-12481	720	5	871	871	NUM
cblr-12481	720	6	social	social	ADJ
cblr-12481	720	7	and	and	CCONJ
cblr-12481	720	8	business	business	NOUN
cblr-12481	720	9	motivations	motivation	NOUN
cblr-12481	720	10	that	that	PRON
cblr-12481	720	11	characterizes	characterize	VERB
cblr-12481	720	12	most	most	ADJ
cblr-12481	720	13	esg	esg	NOUN
cblr-12481	720	14	decisions	decision	NOUN
cblr-12481	720	15	problematizes	problematize	VERB
cblr-12481	720	16	the	the	DET
cblr-12481	720	17	boundaries	boundary	NOUN
cblr-12481	720	18	of	of	ADP
cblr-12481	720	19	the	the	DET
cblr-12481	720	20	business	business	NOUN
cblr-12481	720	21	judgment	judgment	NOUN
cblr-12481	720	22	rule	rule	NOUN
cblr-12481	720	23	and	and	CCONJ
cblr-12481	720	24	increases	increase	VERB
cblr-12481	720	25	the	the	DET
cblr-12481	720	26	risk	risk	NOUN
cblr-12481	720	27	that	that	SCONJ
cblr-12481	720	28	esg	esg	PROPN
cblr-12481	720	29	will	will	AUX
cblr-12481	720	30	be	be	AUX
cblr-12481	720	31	used	use	VERB
cblr-12481	720	32	as	as	ADP
cblr-12481	720	33	cover	cover	NOUN
cblr-12481	720	34	for	for	ADP
cblr-12481	720	35	managerial	managerial	ADJ
cblr-12481	720	36	rent	rent	NOUN
cblr-12481	720	37	-	-	PUNCT
cblr-12481	720	38	seeking	seeking	NOUN
cblr-12481	720	39	.	.	PUNCT
cblr-12481	721	1	iv	iv	X
cblr-12481	721	2	.	.	PUNCT
cblr-12481	722	1	an	an	DET
cblr-12481	722	2	alternative	alternative	NOUN
cblr-12481	722	3	:	:	PUNCT
cblr-12481	722	4	corporate	corporate	ADJ
cblr-12481	722	5	technocracy	technocracy	NOUN
cblr-12481	722	6	at	at	ADP
cblr-12481	722	7	its	its	PRON
cblr-12481	722	8	inception	inception	NOUN
cblr-12481	722	9	nearly	nearly	ADV
cblr-12481	722	10	two	two	NUM
cblr-12481	722	11	decades	decade	NOUN
cblr-12481	722	12	ago	ago	ADV
cblr-12481	722	13	,	,	PUNCT
cblr-12481	722	14	esg	esg	PROPN
cblr-12481	722	15	promised	promise	VERB
cblr-12481	722	16	to	to	PART
cblr-12481	722	17	reconcile	reconcile	VERB
cblr-12481	722	18	profit	profit	NOUN
cblr-12481	722	19	with	with	ADP
cblr-12481	722	20	purpose	purpose	NOUN
cblr-12481	722	21	by	by	ADP
cblr-12481	722	22	linking	link	VERB
cblr-12481	722	23	environmental	environmental	ADJ
cblr-12481	722	24	,	,	PUNCT
cblr-12481	722	25	social	social	ADJ
cblr-12481	722	26	,	,	PUNCT
cblr-12481	722	27	and	and	CCONJ
cblr-12481	722	28	corporate	corporate	ADJ
cblr-12481	722	29	governance	governance	NOUN
cblr-12481	722	30	objectives	objective	NOUN
cblr-12481	722	31	with	with	ADP
cblr-12481	722	32	corporate	corporate	ADJ
cblr-12481	722	33	financial	financial	ADJ
cblr-12481	722	34	performance.126	performance.126	NOUN
cblr-12481	722	35	the	the	DET
cblr-12481	722	36	success	success	NOUN
cblr-12481	722	37	of	of	ADP
cblr-12481	722	38	this	this	DET
cblr-12481	722	39	proposition	proposition	NOUN
cblr-12481	722	40	hinged	hinge	VERB
cblr-12481	722	41	on	on	ADP
cblr-12481	722	42	the	the	DET
cblr-12481	722	43	premise	premise	NOUN
cblr-12481	722	44	that	that	SCONJ
cblr-12481	722	45	social	social	ADJ
cblr-12481	722	46	welfare	welfare	NOUN
cblr-12481	722	47	is	be	AUX
cblr-12481	722	48	financially	financially	ADV
cblr-12481	722	49	material	material	ADJ
cblr-12481	722	50	.	.	PUNCT
cblr-12481	723	1	accordingly	accordingly	ADV
cblr-12481	723	2	,	,	PUNCT
cblr-12481	723	3	good	good	ADJ
cblr-12481	723	4	governance	governance	NOUN
cblr-12481	723	5	could	could	AUX
cblr-12481	723	6	reconcile	reconcile	VERB
cblr-12481	723	7	between	between	ADP
cblr-12481	723	8	profit	profit	NOUN
cblr-12481	723	9	and	and	CCONJ
cblr-12481	723	10	purpose	purpose	NOUN
cblr-12481	723	11	by	by	ADP
cblr-12481	723	12	translating	translate	VERB
cblr-12481	723	13	valent	valent	NOUN
cblr-12481	723	14	and	and	CCONJ
cblr-12481	723	15	contested	contest	VERB
cblr-12481	723	16	stakeholder	stakeholder	NOUN
cblr-12481	723	17	matters	matter	VERB
cblr-12481	723	18	into	into	ADP
cblr-12481	723	19	material	material	NOUN
cblr-12481	723	20	and	and	CCONJ
cblr-12481	723	21	measurable	measurable	ADJ
cblr-12481	723	22	elements	element	NOUN
cblr-12481	723	23	amenable	amenable	ADJ
cblr-12481	723	24	to	to	ADP
cblr-12481	723	25	routine	routine	ADJ
cblr-12481	723	26	management	management	NOUN
cblr-12481	723	27	.	.	PUNCT
cblr-12481	724	1	the	the	DET
cblr-12481	724	2	durability	durability	NOUN
cblr-12481	724	3	of	of	ADP
cblr-12481	724	4	this	this	DET
cblr-12481	724	5	premise	premise	NOUN
cblr-12481	724	6	,	,	PUNCT
cblr-12481	724	7	however	however	ADV
cblr-12481	724	8	,	,	PUNCT
cblr-12481	724	9	entails	entail	VERB
cblr-12481	724	10	considerable	considerable	ADJ
cblr-12481	724	11	epistemic	epistemic	ADJ
cblr-12481	724	12	oversimplification	oversimplification	NOUN
cblr-12481	724	13	.	.	PUNCT
cblr-12481	725	1	this	this	PRON
cblr-12481	725	2	has	have	AUX
cblr-12481	725	3	become	become	VERB
cblr-12481	725	4	apparent	apparent	ADJ
cblr-12481	725	5	in	in	ADP
cblr-12481	725	6	the	the	DET
cblr-12481	725	7	resulting	result	VERB
cblr-12481	725	8	democratic	democratic	ADJ
cblr-12481	725	9	deficit	deficit	NOUN
cblr-12481	725	10	that	that	PRON
cblr-12481	725	11	arises	arise	VERB
cblr-12481	725	12	when	when	SCONJ
cblr-12481	725	13	politically	politically	ADV
cblr-12481	725	14	valent	valent	NOUN
cblr-12481	725	15	esg	esg	NOUN
cblr-12481	725	16	judgments	judgment	NOUN
cblr-12481	725	17	are	be	AUX
cblr-12481	725	18	delegated	delegate	VERB
cblr-12481	725	19	to	to	ADP
cblr-12481	725	20	shareholder	shareholder	NOUN
cblr-12481	725	21	democrats	democrats	PROPN
cblr-12481	725	22	or	or	CCONJ
cblr-12481	725	23	to	to	ADP
cblr-12481	725	24	managerial	managerial	ADJ
cblr-12481	725	25	autocrats	autocrat	NOUN
cblr-12481	725	26	.	.	PUNCT
cblr-12481	726	1	in	in	ADP
cblr-12481	726	2	this	this	DET
cblr-12481	726	3	section	section	NOUN
cblr-12481	726	4	,	,	PUNCT
cblr-12481	726	5	i	i	PRON
cblr-12481	726	6	argue	argue	VERB
cblr-12481	726	7	that	that	SCONJ
cblr-12481	726	8	a	a	DET
cblr-12481	726	9	technocratic	technocratic	ADJ
cblr-12481	726	10	paradigm	paradigm	NOUN
cblr-12481	726	11	offers	offer	VERB
cblr-12481	726	12	a	a	DET
cblr-12481	726	13	framework	framework	NOUN
cblr-12481	726	14	that	that	PRON
cblr-12481	726	15	is	be	AUX
cblr-12481	726	16	more	more	ADV
cblr-12481	726	17	conducive	conducive	ADJ
cblr-12481	726	18	to	to	ADP
cblr-12481	726	19	meeting	meet	VERB
cblr-12481	726	20	the	the	DET
cblr-12481	726	21	unique	unique	ADJ
cblr-12481	726	22	governance	governance	NOUN
cblr-12481	726	23	challenges	challenge	NOUN
cblr-12481	726	24	of	of	ADP
cblr-12481	726	25	esg	esg	PROPN
cblr-12481	726	26	,	,	PUNCT
cblr-12481	726	27	while	while	SCONJ
cblr-12481	726	28	reckoning	reckon	VERB
cblr-12481	726	29	with	with	ADP
cblr-12481	726	30	its	its	PRON
cblr-12481	726	31	political	political	ADJ
cblr-12481	726	32	and	and	CCONJ
cblr-12481	726	33	administrative	administrative	ADJ
cblr-12481	726	34	facets	facet	NOUN
cblr-12481	726	35	.	.	PUNCT
cblr-12481	727	1	as	as	SCONJ
cblr-12481	727	2	elaborated	elaborate	VERB
cblr-12481	727	3	in	in	ADP
cblr-12481	727	4	part	part	PROPN
cblr-12481	727	5	iii	iii	NOUN
cblr-12481	727	6	,	,	PUNCT
cblr-12481	727	7	both	both	DET
cblr-12481	727	8	shareholder	shareholder	NOUN
cblr-12481	727	9	democracy	democracy	NOUN
cblr-12481	727	10	and	and	CCONJ
cblr-12481	727	11	managerialism	managerialism	NOUN
cblr-12481	727	12	fail	fail	VERB
cblr-12481	727	13	,	,	PUNCT
cblr-12481	727	14	in	in	ADP
cblr-12481	727	15	theory	theory	NOUN
cblr-12481	727	16	and	and	CCONJ
cblr-12481	727	17	in	in	ADP
cblr-12481	727	18	practice	practice	NOUN
cblr-12481	727	19	,	,	PUNCT
cblr-12481	727	20	to	to	PART
cblr-12481	727	21	account	account	VERB
cblr-12481	727	22	for	for	ADP
cblr-12481	727	23	the	the	DET
cblr-12481	727	24	novel	novel	ADJ
cblr-12481	727	25	agency	agency	NOUN
cblr-12481	727	26	challenges	challenge	NOUN
cblr-12481	727	27	presented	present	VERB
cblr-12481	727	28	by	by	ADP
cblr-12481	727	29	esg	esg	PROPN
cblr-12481	727	30	.	.	PUNCT
cblr-12481	728	1	in	in	ADP
cblr-12481	728	2	this	this	DET
cblr-12481	728	3	part	part	NOUN
cblr-12481	728	4	,	,	PUNCT
cblr-12481	728	5	i	i	PRON
cblr-12481	728	6	argue	argue	VERB
cblr-12481	728	7	that	that	SCONJ
cblr-12481	728	8	a	a	DET
cblr-12481	728	9	technocratic	technocratic	ADJ
cblr-12481	728	10	model	model	NOUN
cblr-12481	728	11	overcomes	overcome	VERB
cblr-12481	728	12	the	the	DET
cblr-12481	728	13	structural	structural	ADJ
cblr-12481	728	14	shortcomings	shortcoming	NOUN
cblr-12481	728	15	of	of	ADP
cblr-12481	728	16	both	both	DET
cblr-12481	728	17	paradigms	paradigm	NOUN
cblr-12481	728	18	and	and	CCONJ
cblr-12481	728	19	that	that	SCONJ
cblr-12481	728	20	it	it	PRON
cblr-12481	728	21	accounts	account	VERB
cblr-12481	728	22	for	for	ADP
cblr-12481	728	23	the	the	DET
cblr-12481	728	24	agency	agency	NOUN
cblr-12481	728	25	relationships	relationship	NOUN
cblr-12481	728	26	that	that	PRON
cblr-12481	728	27	characterize	characterize	VERB
cblr-12481	728	28	esg	esg	NOUN
cblr-12481	728	29	governance	governance	NOUN
cblr-12481	728	30	while	while	SCONJ
cblr-12481	728	31	offering	offer	VERB
cblr-12481	728	32	practical	practical	ADJ
cblr-12481	728	33	reforms	reform	NOUN
cblr-12481	728	34	to	to	PART
cblr-12481	728	35	strengthen	strengthen	VERB
cblr-12481	728	36	institutional	institutional	ADJ
cblr-12481	728	37	accountability.127	accountability.127	PROPN
cblr-12481	728	38	technocracy	technocracy	NOUN
cblr-12481	728	39	accommodates	accommodate	VERB
cblr-12481	728	40	the	the	DET
cblr-12481	728	41	liminal	liminal	ADJ
cblr-12481	728	42	and	and	CCONJ
cblr-12481	728	43	126	126	NUM
cblr-12481	728	44	united	united	PROPN
cblr-12481	728	45	nations	nations	PROPN
cblr-12481	728	46	environment	environment	PROPN
cblr-12481	728	47	programme	programme	PROPN
cblr-12481	728	48	,	,	PUNCT
cblr-12481	728	49	the	the	DET
cblr-12481	728	50	materiality	materiality	NOUN
cblr-12481	728	51	of	of	ADP
cblr-12481	728	52	social	social	ADJ
cblr-12481	728	53	,	,	PUNCT
cblr-12481	728	54	environmental	environmental	ADJ
cblr-12481	728	55	and	and	CCONJ
cblr-12481	728	56	corporate	corporate	ADJ
cblr-12481	728	57	governance	governance	NOUN
cblr-12481	728	58	issues	issue	NOUN
cblr-12481	728	59	to	to	ADP
cblr-12481	728	60	equity	equity	NOUN
cblr-12481	728	61	pricing	pricing	NOUN
cblr-12481	728	62	3	3	NUM
cblr-12481	728	63	(	(	PUNCT
cblr-12481	728	64	2004	2004	NUM
cblr-12481	728	65	)	)	PUNCT
cblr-12481	728	66	,	,	PUNCT
cblr-12481	728	67	https://www.unepfi.org/fileadmin/documents/amwg_materiality_equity_pricing_report_2004.pdf	https://www.unepfi.org/fileadmin/documents/amwg_materiality_equity_pricing_report_2004.pdf	PUNCT
cblr-12481	728	68	[	[	X
cblr-12481	728	69	https://perma.cc/ua9f-q4lc	https://perma.cc/ua9f-q4lc	X
cblr-12481	728	70	]	]	X
cblr-12481	728	71	.	.	PUNCT
cblr-12481	729	1	127	127	NUM
cblr-12481	729	2	the	the	DET
cblr-12481	729	3	epistemic	epistemic	ADJ
cblr-12481	729	4	complexity	complexity	NOUN
cblr-12481	729	5	complicating	complicate	VERB
cblr-12481	729	6	governance	governance	NOUN
cblr-12481	729	7	concerned	concerned	ADJ
cblr-12481	729	8	democratic	democratic	ADJ
cblr-12481	729	9	theorists	theorist	NOUN
cblr-12481	729	10	of	of	ADP
cblr-12481	729	11	the	the	DET
cblr-12481	729	12	early	early	ADJ
cblr-12481	729	13	20th	20th	ADJ
cblr-12481	729	14	century	century	NOUN
cblr-12481	729	15	.	.	PUNCT
cblr-12481	730	1	a	a	DET
cblr-12481	730	2	famous	famous	ADJ
cblr-12481	730	3	debate	debate	NOUN
cblr-12481	730	4	between	between	ADP
cblr-12481	730	5	walter	walter	PROPN
cblr-12481	730	6	lippmann	lippmann	PROPN
cblr-12481	730	7	and	and	CCONJ
cblr-12481	730	8	john	john	PROPN
cblr-12481	730	9	dewey	dewey	PROPN
cblr-12481	730	10	grappled	grapple	VERB
cblr-12481	730	11	with	with	ADP
cblr-12481	730	12	the	the	DET
cblr-12481	730	13	challenges	challenge	NOUN
cblr-12481	730	14	of	of	ADP
cblr-12481	730	15	governing	govern	VERB
cblr-12481	730	16	a	a	DET
cblr-12481	730	17	872	872	NUM
cblr-12481	730	18	columbia	columbia	PROPN
cblr-12481	730	19	business	business	NOUN
cblr-12481	730	20	law	law	PROPN
cblr-12481	730	21	review	review	NOUN
cblr-12481	730	22	[	[	X
cblr-12481	730	23	vol	vol	NOUN
cblr-12481	730	24	.	.	PUNCT
cblr-12481	730	25	2023	2023	NUM
cblr-12481	730	26	controversial	controversial	ADJ
cblr-12481	730	27	nature	nature	NOUN
cblr-12481	730	28	of	of	ADP
cblr-12481	730	29	esg	esg	PROPN
cblr-12481	730	30	’s	’s	PART
cblr-12481	730	31	“	"	PUNCT
cblr-12481	730	32	materiality	materiality	NOUN
cblr-12481	730	33	”	"	PUNCT
cblr-12481	730	34	and	and	CCONJ
cblr-12481	730	35	provides	provide	VERB
cblr-12481	730	36	a	a	DET
cblr-12481	730	37	normatively	normatively	ADV
cblr-12481	730	38	and	and	CCONJ
cblr-12481	730	39	practically	practically	ADV
cblr-12481	730	40	defensible	defensible	ADJ
cblr-12481	730	41	solution	solution	NOUN
cblr-12481	730	42	to	to	ADP
cblr-12481	730	43	the	the	DET
cblr-12481	730	44	complexities	complexity	NOUN
cblr-12481	730	45	of	of	ADP
cblr-12481	730	46	esg	esg	PROPN
cblr-12481	730	47	governance	governance	NOUN
cblr-12481	730	48	.	.	PUNCT
cblr-12481	731	1	this	this	DET
cblr-12481	731	2	part	part	NOUN
cblr-12481	731	3	begins	begin	VERB
cblr-12481	731	4	in	in	ADP
cblr-12481	731	5	section	section	NOUN
cblr-12481	731	6	a	a	PRON
cblr-12481	731	7	by	by	ADP
cblr-12481	731	8	elaborating	elaborate	VERB
cblr-12481	731	9	the	the	DET
cblr-12481	731	10	merits	merit	NOUN
cblr-12481	731	11	of	of	ADP
cblr-12481	731	12	a	a	DET
cblr-12481	731	13	corporate	corporate	ADJ
cblr-12481	731	14	technocracy	technocracy	NOUN
cblr-12481	731	15	when	when	SCONJ
cblr-12481	731	16	dealing	deal	VERB
cblr-12481	731	17	with	with	ADP
cblr-12481	731	18	the	the	DET
cblr-12481	731	19	unique	unique	ADJ
cblr-12481	731	20	governance	governance	NOUN
cblr-12481	731	21	challenges	challenge	NOUN
cblr-12481	731	22	of	of	ADP
cblr-12481	731	23	esg	esg	PROPN
cblr-12481	731	24	.	.	PUNCT
cblr-12481	732	1	it	it	PRON
cblr-12481	732	2	goes	go	VERB
cblr-12481	732	3	on	on	ADP
cblr-12481	732	4	in	in	ADP
cblr-12481	732	5	section	section	NOUN
cblr-12481	732	6	b	b	PROPN
cblr-12481	732	7	to	to	PART
cblr-12481	732	8	identify	identify	VERB
cblr-12481	732	9	three	three	NUM
cblr-12481	732	10	main	main	ADJ
cblr-12481	732	11	structural	structural	ADJ
cblr-12481	732	12	features	feature	NOUN
cblr-12481	732	13	of	of	ADP
cblr-12481	732	14	a	a	DET
cblr-12481	732	15	corporate	corporate	ADJ
cblr-12481	732	16	technocratic	technocratic	ADJ
cblr-12481	732	17	regime	regime	NOUN
cblr-12481	732	18	.	.	PUNCT
cblr-12481	733	1	finally	finally	ADV
cblr-12481	733	2	,	,	PUNCT
cblr-12481	733	3	in	in	ADP
cblr-12481	733	4	section	section	NOUN
cblr-12481	733	5	c	c	NOUN
cblr-12481	733	6	it	it	PRON
cblr-12481	733	7	elaborates	elaborate	VERB
cblr-12481	733	8	three	three	NUM
cblr-12481	733	9	applications	application	NOUN
cblr-12481	733	10	of	of	ADP
cblr-12481	733	11	the	the	DET
cblr-12481	733	12	corporate	corporate	ADJ
cblr-12481	733	13	technocracy	technocracy	NOUN
cblr-12481	733	14	in	in	ADP
cblr-12481	733	15	the	the	DET
cblr-12481	733	16	examples	example	NOUN
cblr-12481	733	17	of	of	ADP
cblr-12481	733	18	esg	esg	PROPN
cblr-12481	733	19	goals	goal	NOUN
cblr-12481	733	20	of	of	ADP
cblr-12481	733	21	climate	climate	NOUN
cblr-12481	733	22	risk	risk	NOUN
cblr-12481	733	23	;	;	PUNCT
cblr-12481	733	24	corporate	corporate	ADJ
cblr-12481	733	25	political	political	ADJ
cblr-12481	733	26	speech	speech	NOUN
cblr-12481	733	27	;	;	PUNCT
cblr-12481	733	28	and	and	CCONJ
cblr-12481	733	29	diversity	diversity	NOUN
cblr-12481	733	30	,	,	PUNCT
cblr-12481	733	31	equity	equity	NOUN
cblr-12481	733	32	,	,	PUNCT
cblr-12481	733	33	and	and	CCONJ
cblr-12481	733	34	inclusion	inclusion	NOUN
cblr-12481	733	35	(	(	PUNCT
cblr-12481	733	36	dei	dei	NOUN
cblr-12481	733	37	)	)	PUNCT
cblr-12481	733	38	.	.	PUNCT
cblr-12481	734	1	a.	a.	NOUN
cblr-12481	735	1	the	the	DET
cblr-12481	735	2	case	case	NOUN
cblr-12481	735	3	for	for	ADP
cblr-12481	735	4	corporate	corporate	ADJ
cblr-12481	735	5	technocracy	technocracy	NOUN
cblr-12481	735	6	technocracy	technocracy	NOUN
cblr-12481	735	7	,	,	PUNCT
cblr-12481	735	8	or	or	CCONJ
cblr-12481	735	9	rule	rule	NOUN
cblr-12481	735	10	by	by	ADP
cblr-12481	735	11	experts	expert	NOUN
cblr-12481	735	12	,	,	PUNCT
cblr-12481	735	13	translates	translate	VERB
cblr-12481	735	14	political	political	ADJ
cblr-12481	735	15	objectives	objective	NOUN
cblr-12481	735	16	into	into	ADP
cblr-12481	735	17	measurable	measurable	ADJ
cblr-12481	735	18	criteria	criterion	NOUN
cblr-12481	735	19	that	that	PRON
cblr-12481	735	20	correspond	correspond	VERB
cblr-12481	735	21	with	with	ADP
cblr-12481	735	22	a	a	DET
cblr-12481	735	23	governing	govern	VERB
cblr-12481	735	24	body	body	NOUN
cblr-12481	735	25	’s	’s	PART
cblr-12481	735	26	animating	animate	VERB
cblr-12481	735	27	mandate	mandate	NOUN
cblr-12481	735	28	.	.	PUNCT
cblr-12481	736	1	in	in	ADP
cblr-12481	736	2	place	place	NOUN
cblr-12481	736	3	of	of	ADP
cblr-12481	736	4	charismatic	charismatic	ADJ
cblr-12481	736	5	political	political	ADJ
cblr-12481	736	6	leadership	leadership	NOUN
cblr-12481	736	7	or	or	CCONJ
cblr-12481	736	8	a	a	DET
cblr-12481	736	9	deliberative	deliberative	ADJ
cblr-12481	736	10	democratic	democratic	ADJ
cblr-12481	736	11	process	process	NOUN
cblr-12481	736	12	,	,	PUNCT
cblr-12481	736	13	it	it	PRON
cblr-12481	736	14	advances	advance	VERB
cblr-12481	736	15	a	a	DET
cblr-12481	736	16	form	form	NOUN
cblr-12481	736	17	of	of	ADP
cblr-12481	736	18	managerialism	managerialism	NOUN
cblr-12481	736	19	encumbered	encumber	VERB
cblr-12481	736	20	by	by	ADP
cblr-12481	736	21	a	a	DET
cblr-12481	736	22	technical	technical	ADJ
cblr-12481	736	23	rationality	rationality	NOUN
cblr-12481	736	24	,	,	PUNCT
cblr-12481	736	25	measurement	measurement	NOUN
cblr-12481	736	26	,	,	PUNCT
cblr-12481	736	27	and	and	CCONJ
cblr-12481	736	28	administration	administration	NOUN
cblr-12481	736	29	by	by	ADP
cblr-12481	736	30	expertise	expertise	NOUN
cblr-12481	736	31	.	.	PUNCT
cblr-12481	737	1	technocracy	technocracy	NOUN
cblr-12481	737	2	offers	offer	VERB
cblr-12481	737	3	a	a	DET
cblr-12481	737	4	framework	framework	NOUN
cblr-12481	737	5	for	for	ADP
cblr-12481	737	6	operationalizing	operationalize	VERB
cblr-12481	737	7	the	the	DET
cblr-12481	737	8	ends	end	NOUN
cblr-12481	737	9	of	of	ADP
cblr-12481	737	10	esg	esg	PROPN
cblr-12481	737	11	while	while	SCONJ
cblr-12481	737	12	emphasizing	emphasize	VERB
cblr-12481	737	13	procedural	procedural	ADJ
cblr-12481	737	14	accountability	accountability	NOUN
cblr-12481	737	15	and	and	CCONJ
cblr-12481	737	16	measurability	measurability	NOUN
cblr-12481	737	17	,	,	PUNCT
cblr-12481	737	18	and	and	CCONJ
cblr-12481	737	19	curbing	curb	VERB
cblr-12481	737	20	managerial	managerial	ADJ
cblr-12481	737	21	rent	rent	NOUN
cblr-12481	737	22	-	-	PUNCT
cblr-12481	737	23	seeking	seeking	NOUN
cblr-12481	737	24	.	.	PUNCT
cblr-12481	738	1	it	it	PRON
cblr-12481	738	2	limits	limit	VERB
cblr-12481	738	3	the	the	DET
cblr-12481	738	4	parameters	parameter	NOUN
cblr-12481	738	5	of	of	ADP
cblr-12481	738	6	managerial	managerial	ADJ
cblr-12481	738	7	discretion	discretion	NOUN
cblr-12481	738	8	and	and	CCONJ
cblr-12481	738	9	rationalizes	rationalize	VERB
cblr-12481	738	10	shareholder	shareholder	NOUN
cblr-12481	738	11	involvement	involvement	NOUN
cblr-12481	738	12	as	as	ADP
cblr-12481	738	13	serving	serve	VERB
cblr-12481	738	14	an	an	DET
cblr-12481	738	15	informational	informational	ADJ
cblr-12481	738	16	rather	rather	ADV
cblr-12481	738	17	than	than	ADP
cblr-12481	738	18	political	political	ADJ
cblr-12481	738	19	function	function	NOUN
cblr-12481	738	20	.	.	PUNCT
cblr-12481	739	1	technocratic	technocratic	ADJ
cblr-12481	739	2	governance	governance	NOUN
cblr-12481	739	3	offers	offer	VERB
cblr-12481	739	4	an	an	DET
cblr-12481	739	5	alternative	alternative	NOUN
cblr-12481	739	6	to	to	PART
cblr-12481	739	7	ideologically	ideologically	ADV
cblr-12481	739	8	driven	drive	VERB
cblr-12481	739	9	pro	pro	ADJ
cblr-12481	739	10	-	-	ADJ
cblr-12481	739	11	shareholder	shareholder	ADJ
cblr-12481	739	12	or	or	CCONJ
cblr-12481	739	13	pro	pro	ADJ
cblr-12481	739	14	-	-	ADJ
cblr-12481	739	15	manager	manager	ADJ
cblr-12481	739	16	agendas	agenda	NOUN
cblr-12481	739	17	and	and	CCONJ
cblr-12481	739	18	a	a	DET
cblr-12481	739	19	framework	framework	NOUN
cblr-12481	739	20	that	that	PRON
cblr-12481	739	21	recognizes	recognize	VERB
cblr-12481	739	22	principal	principal	ADJ
cblr-12481	739	23	costs	cost	NOUN
cblr-12481	739	24	and	and	CCONJ
cblr-12481	739	25	agent	agent	NOUN
cblr-12481	739	26	costs	cost	NOUN
cblr-12481	739	27	with	with	ADP
cblr-12481	739	28	the	the	DET
cblr-12481	739	29	objective	objective	NOUN
cblr-12481	739	30	of	of	ADP
cblr-12481	739	31	balancing	balance	VERB
cblr-12481	739	32	power	power	NOUN
cblr-12481	739	33	between	between	ADP
cblr-12481	739	34	the	the	DET
cblr-12481	739	35	two	two	NUM
cblr-12481	739	36	groups	group	NOUN
cblr-12481	739	37	.	.	PUNCT
cblr-12481	740	1	technocratic	technocratic	ADJ
cblr-12481	740	2	governance	governance	NOUN
cblr-12481	740	3	emphasizes	emphasize	VERB
cblr-12481	740	4	technically	technically	ADV
cblr-12481	740	5	capable	capable	ADJ
cblr-12481	740	6	administrators	administrator	NOUN
cblr-12481	740	7	implementing	implement	VERB
cblr-12481	740	8	a	a	DET
cblr-12481	740	9	pre	pre	ADJ
cblr-12481	740	10	-	-	ADJ
cblr-12481	740	11	determined	determined	ADJ
cblr-12481	740	12	mandate	mandate	NOUN
cblr-12481	740	13	.	.	PUNCT
cblr-12481	741	1	in	in	ADP
cblr-12481	741	2	the	the	DET
cblr-12481	741	3	corporate	corporate	ADJ
cblr-12481	741	4	context	context	NOUN
cblr-12481	741	5	,	,	PUNCT
cblr-12481	741	6	this	this	PRON
cblr-12481	741	7	can	can	AUX
cblr-12481	741	8	be	be	AUX
cblr-12481	741	9	found	find	VERB
cblr-12481	741	10	in	in	ADP
cblr-12481	741	11	the	the	DET
cblr-12481	741	12	corporate	corporate	ADJ
cblr-12481	741	13	purpose	purpose	NOUN
cblr-12481	741	14	drafted	draft	VERB
cblr-12481	741	15	by	by	ADP
cblr-12481	741	16	a	a	DET
cblr-12481	741	17	corporation	corporation	NOUN
cblr-12481	741	18	’s	’s	PART
cblr-12481	741	19	founders	founder	NOUN
cblr-12481	741	20	in	in	ADP
cblr-12481	741	21	its	its	PRON
cblr-12481	741	22	charter	charter	NOUN
cblr-12481	741	23	(	(	PUNCT
cblr-12481	741	24	“	"	PUNCT
cblr-12481	741	25	purpose	purpose	NOUN
cblr-12481	741	26	”	"	PUNCT
cblr-12481	741	27	)	)	PUNCT
cblr-12481	741	28	.	.	PUNCT
cblr-12481	742	1	corporate	corporate	ADJ
cblr-12481	742	2	purpose	purpose	NOUN
cblr-12481	742	3	refers	refer	VERB
cblr-12481	742	4	to	to	ADP
cblr-12481	742	5	long	long	ADJ
cblr-12481	742	6	-	-	PUNCT
cblr-12481	742	7	term	term	NOUN
cblr-12481	742	8	corporate	corporate	ADJ
cblr-12481	742	9	complex	complex	NOUN
cblr-12481	742	10	,	,	PUNCT
cblr-12481	742	11	modern	modern	ADJ
cblr-12481	742	12	society	society	NOUN
cblr-12481	742	13	where	where	SCONJ
cblr-12481	742	14	even	even	ADV
cblr-12481	742	15	those	those	PRON
cblr-12481	742	16	who	who	PRON
cblr-12481	742	17	agree	agree	VERB
cblr-12481	742	18	roughly	roughly	ADV
cblr-12481	742	19	on	on	ADP
cblr-12481	742	20	the	the	DET
cblr-12481	742	21	meaning	meaning	NOUN
cblr-12481	742	22	of	of	ADP
cblr-12481	742	23	the	the	DET
cblr-12481	742	24	public	public	ADJ
cblr-12481	742	25	good	good	ADJ
cblr-12481	742	26	disagree	disagree	VERB
cblr-12481	742	27	on	on	ADP
cblr-12481	742	28	how	how	SCONJ
cblr-12481	742	29	to	to	PART
cblr-12481	742	30	achieve	achieve	VERB
cblr-12481	742	31	it	it	PRON
cblr-12481	742	32	.	.	PUNCT
cblr-12481	743	1	see	see	VERB
cblr-12481	743	2	walter	walter	PROPN
cblr-12481	743	3	lippmann	lippmann	PROPN
cblr-12481	743	4	,	,	PUNCT
cblr-12481	743	5	the	the	DET
cblr-12481	743	6	phantom	phantom	ADJ
cblr-12481	743	7	public	public	ADJ
cblr-12481	743	8	67–68	67–68	NUM
cblr-12481	743	9	(	(	PUNCT
cblr-12481	743	10	1925	1925	NUM
cblr-12481	743	11	)	)	PUNCT
cblr-12481	743	12	;	;	PUNCT
cblr-12481	743	13	john	john	PROPN
cblr-12481	743	14	dewey	dewey	PROPN
cblr-12481	743	15	,	,	PUNCT
cblr-12481	743	16	the	the	DET
cblr-12481	743	17	public	public	NOUN
cblr-12481	743	18	and	and	CCONJ
cblr-12481	743	19	its	its	PRON
cblr-12481	743	20	problems	problem	NOUN
cblr-12481	743	21	216	216	NUM
cblr-12481	743	22	(	(	PUNCT
cblr-12481	743	23	1927	1927	NUM
cblr-12481	743	24	)	)	PUNCT
cblr-12481	743	25	.	.	PUNCT
cblr-12481	744	1	no	no	INTJ
cblr-12481	744	2	.	.	NOUN
cblr-12481	745	1	2	2	NUM
cblr-12481	745	2	]	]	X
cblr-12481	745	3	corporate	corporate	ADJ
cblr-12481	745	4	technocracy	technocracy	NOUN
cblr-12481	745	5	873	873	NUM
cblr-12481	745	6	welfare	welfare	NOUN
cblr-12481	745	7	distinguished	distinguish	VERB
cblr-12481	745	8	from	from	ADP
cblr-12481	745	9	short	short	ADJ
cblr-12481	745	10	-	-	PUNCT
cblr-12481	745	11	term	term	NOUN
cblr-12481	745	12	shareholder	shareholder	NOUN
cblr-12481	745	13	returns	return	NOUN
cblr-12481	745	14	,	,	PUNCT
cblr-12481	745	15	direct	direct	ADJ
cblr-12481	745	16	shareholder	shareholder	NOUN
cblr-12481	745	17	expression	expression	NOUN
cblr-12481	745	18	,	,	PUNCT
cblr-12481	745	19	or	or	CCONJ
cblr-12481	745	20	management	management	NOUN
cblr-12481	745	21	’s	’s	PART
cblr-12481	745	22	political	political	ADJ
cblr-12481	745	23	activism.128	activism.128	NOUN
cblr-12481	745	24	unless	unless	SCONJ
cblr-12481	745	25	specified	specify	VERB
cblr-12481	745	26	otherwise	otherwise	ADV
cblr-12481	745	27	,	,	PUNCT
cblr-12481	745	28	a	a	DET
cblr-12481	745	29	corporation	corporation	NOUN
cblr-12481	745	30	’s	’s	PART
cblr-12481	745	31	presumptive	presumptive	ADJ
cblr-12481	745	32	purpose	purpose	NOUN
cblr-12481	745	33	under	under	ADP
cblr-12481	745	34	delaware	delaware	PROPN
cblr-12481	745	35	doctrine	doctrine	NOUN
cblr-12481	745	36	is	be	AUX
cblr-12481	745	37	shareholder	shareholder	NOUN
cblr-12481	745	38	value	value	NOUN
cblr-12481	745	39	creation	creation	NOUN
cblr-12481	745	40	.	.	PUNCT
cblr-12481	746	1	this	this	PRON
cblr-12481	746	2	can	can	AUX
cblr-12481	746	3	be	be	AUX
cblr-12481	746	4	considered	consider	VERB
cblr-12481	746	5	the	the	DET
cblr-12481	746	6	default	default	NOUN
cblr-12481	746	7	doctrinal	doctrinal	ADJ
cblr-12481	746	8	rule	rule	NOUN
cblr-12481	746	9	that	that	SCONJ
cblr-12481	746	10	shareholders	shareholder	NOUN
cblr-12481	746	11	are	be	AUX
cblr-12481	746	12	assuming	assume	VERB
cblr-12481	746	13	when	when	SCONJ
cblr-12481	746	14	they	they	PRON
cblr-12481	746	15	buy	buy	VERB
cblr-12481	746	16	into	into	ADP
cblr-12481	746	17	a	a	DET
cblr-12481	746	18	company	company	NOUN
cblr-12481	746	19	.	.	PUNCT
cblr-12481	747	1	accordingly	accordingly	ADV
cblr-12481	747	2	,	,	PUNCT
cblr-12481	747	3	a	a	DET
cblr-12481	747	4	corporate	corporate	ADJ
cblr-12481	747	5	technocracy	technocracy	NOUN
cblr-12481	747	6	assumes	assume	VERB
cblr-12481	747	7	corporate	corporate	ADJ
cblr-12481	747	8	principals	principal	NOUN
cblr-12481	747	9	to	to	PART
cblr-12481	747	10	be	be	AUX
cblr-12481	747	11	those	those	PRON
cblr-12481	747	12	recognized	recognize	VERB
cblr-12481	747	13	in	in	ADP
cblr-12481	747	14	the	the	DET
cblr-12481	747	15	charter	charter	NOUN
cblr-12481	747	16	,	,	PUNCT
cblr-12481	747	17	namely	namely	ADV
cblr-12481	747	18	shareholders	shareholder	NOUN
cblr-12481	747	19	,	,	PUNCT
cblr-12481	747	20	unless	unless	SCONJ
cblr-12481	747	21	otherwise	otherwise	ADV
cblr-12481	747	22	provided	provide	VERB
cblr-12481	747	23	for	for	ADP
cblr-12481	747	24	by	by	ADP
cblr-12481	747	25	a	a	DET
cblr-12481	747	26	codetermination	codetermination	NOUN
cblr-12481	747	27	clause	clause	NOUN
cblr-12481	747	28	,	,	PUNCT
cblr-12481	747	29	for	for	ADP
cblr-12481	747	30	example	example	NOUN
cblr-12481	747	31	.	.	PUNCT
cblr-12481	748	1	managers	manager	NOUN
cblr-12481	748	2	are	be	AUX
cblr-12481	748	3	their	their	PRON
cblr-12481	748	4	agents	agent	NOUN
cblr-12481	748	5	and	and	CCONJ
cblr-12481	748	6	managerial	managerial	ADJ
cblr-12481	748	7	discretion	discretion	NOUN
cblr-12481	748	8	,	,	PUNCT
cblr-12481	748	9	viewed	view	VERB
cblr-12481	748	10	through	through	ADP
cblr-12481	748	11	a	a	DET
cblr-12481	748	12	technocratic	technocratic	ADJ
cblr-12481	748	13	lens	len	NOUN
cblr-12481	748	14	,	,	PUNCT
cblr-12481	748	15	serves	serve	VERB
cblr-12481	748	16	to	to	PART
cblr-12481	748	17	operationalize	operationalize	VERB
cblr-12481	748	18	corporate	corporate	ADJ
cblr-12481	748	19	purpose	purpose	NOUN
cblr-12481	748	20	.	.	PUNCT
cblr-12481	749	1	it	it	PRON
cblr-12481	749	2	accounts	account	VERB
cblr-12481	749	3	for	for	ADP
cblr-12481	749	4	stakeholder	stakeholder	NOUN
cblr-12481	749	5	interests	interest	NOUN
cblr-12481	749	6	only	only	ADV
cblr-12481	749	7	in	in	ADP
cblr-12481	749	8	so	so	ADV
cblr-12481	749	9	far	far	ADV
cblr-12481	749	10	as	as	SCONJ
cblr-12481	749	11	they	they	PRON
cblr-12481	749	12	are	be	AUX
cblr-12481	749	13	material	material	ADJ
cblr-12481	749	14	to	to	ADP
cblr-12481	749	15	that	that	DET
cblr-12481	749	16	purpose	purpose	NOUN
cblr-12481	749	17	.	.	PUNCT
cblr-12481	750	1	esg	esg	PROPN
cblr-12481	750	2	,	,	PUNCT
cblr-12481	750	3	then	then	ADV
cblr-12481	750	4	,	,	PUNCT
cblr-12481	750	5	can	can	AUX
cblr-12481	750	6	be	be	AUX
cblr-12481	750	7	characterized	characterize	VERB
cblr-12481	750	8	as	as	ADP
cblr-12481	750	9	a	a	DET
cblr-12481	750	10	subsidiary	subsidiary	NOUN
cblr-12481	750	11	set	set	NOUN
cblr-12481	750	12	of	of	ADP
cblr-12481	750	13	“	"	PUNCT
cblr-12481	750	14	purposes	purpose	NOUN
cblr-12481	750	15	”	"	PUNCT
cblr-12481	750	16	that	that	PRON
cblr-12481	750	17	are	be	AUX
cblr-12481	750	18	essentially	essentially	ADV
cblr-12481	750	19	judgments	judgment	NOUN
cblr-12481	750	20	about	about	ADP
cblr-12481	750	21	the	the	DET
cblr-12481	750	22	means	mean	NOUN
cblr-12481	750	23	used	use	VERB
cblr-12481	750	24	to	to	PART
cblr-12481	750	25	achieve	achieve	VERB
cblr-12481	750	26	purpose	purpose	NOUN
cblr-12481	750	27	.	.	PUNCT
cblr-12481	751	1	shareholders	shareholder	NOUN
cblr-12481	751	2	can	can	AUX
cblr-12481	751	3	revise	revise	VERB
cblr-12481	751	4	purpose,129	purpose,129	PROPN
cblr-12481	751	5	but	but	CCONJ
cblr-12481	751	6	as	as	SCONJ
cblr-12481	751	7	a	a	DET
cblr-12481	751	8	routine	routine	NOUN
cblr-12481	751	9	matter	matter	NOUN
cblr-12481	751	10	their	their	PRON
cblr-12481	751	11	contribution	contribution	NOUN
cblr-12481	751	12	to	to	ADP
cblr-12481	751	13	defining	define	VERB
cblr-12481	751	14	esg	esg	PROPN
cblr-12481	751	15	is	be	AUX
cblr-12481	751	16	one	one	NUM
cblr-12481	751	17	input	input	NOUN
cblr-12481	751	18	among	among	ADP
cblr-12481	751	19	others	other	NOUN
cblr-12481	751	20	that	that	PRON
cblr-12481	751	21	inform	inform	VERB
cblr-12481	751	22	material	material	NOUN
cblr-12481	751	23	considerations	consideration	NOUN
cblr-12481	751	24	and	and	CCONJ
cblr-12481	751	25	risks	risk	NOUN
cblr-12481	751	26	as	as	SCONJ
cblr-12481	751	27	they	they	PRON
cblr-12481	751	28	pertain	pertain	VERB
cblr-12481	751	29	to	to	ADP
cblr-12481	751	30	corporate	corporate	ADJ
cblr-12481	751	31	purpose	purpose	NOUN
cblr-12481	751	32	.	.	PUNCT
cblr-12481	752	1	this	this	DET
cblr-12481	752	2	limitation	limitation	NOUN
cblr-12481	752	3	to	to	ADP
cblr-12481	752	4	the	the	DET
cblr-12481	752	5	shareholders	shareholder	NOUN
cblr-12481	752	6	’	'	PUNCT
cblr-12481	752	7	role	role	NOUN
cblr-12481	752	8	,	,	PUNCT
cblr-12481	752	9	far	far	ADV
cblr-12481	752	10	short	short	ADJ
cblr-12481	752	11	of	of	ADP
cblr-12481	752	12	a	a	DET
cblr-12481	752	13	“	"	PUNCT
cblr-12481	752	14	shareholder	shareholder	NOUN
cblr-12481	752	15	democracy	democracy	NOUN
cblr-12481	752	16	,	,	PUNCT
cblr-12481	752	17	”	"	PUNCT
cblr-12481	752	18	preserves	preserve	VERB
cblr-12481	752	19	minority	minority	NOUN
cblr-12481	752	20	shareholder	shareholder	NOUN
cblr-12481	752	21	rights	right	NOUN
cblr-12481	752	22	and	and	CCONJ
cblr-12481	752	23	prevents	prevent	VERB
cblr-12481	752	24	micromanagement	micromanagement	NOUN
cblr-12481	752	25	.	.	PUNCT
cblr-12481	753	1	from	from	ADP
cblr-12481	753	2	this	this	DET
cblr-12481	753	3	perspective	perspective	NOUN
cblr-12481	753	4	,	,	PUNCT
cblr-12481	753	5	the	the	DET
cblr-12481	753	6	costs	cost	NOUN
cblr-12481	753	7	of	of	ADP
cblr-12481	753	8	shareholder	shareholder	NOUN
cblr-12481	753	9	activism	activism	NOUN
cblr-12481	753	10	with	with	ADP
cblr-12481	753	11	an	an	DET
cblr-12481	753	12	overtly	overtly	ADV
cblr-12481	753	13	nonpecuniary	nonpecuniary	ADJ
cblr-12481	753	14	motive	motive	NOUN
cblr-12481	753	15	,	,	PUNCT
cblr-12481	753	16	like	like	ADP
cblr-12481	753	17	carl	carl	PROPN
cblr-12481	753	18	icahn	icahn	PROPN
cblr-12481	753	19	’s	’s	PART
cblr-12481	753	20	esg	esg	PROPN
cblr-12481	753	21	-	-	PUNCT
cblr-12481	753	22	motivated	motivated	ADJ
cblr-12481	753	23	proxy	proxy	ADJ
cblr-12481	753	24	campaigns	campaign	NOUN
cblr-12481	753	25	against	against	ADP
cblr-12481	753	26	kroger	kroger	NOUN
cblr-12481	753	27	and	and	CCONJ
cblr-12481	753	28	mcdonald’s,130	mcdonald’s,130	PROPN
cblr-12481	753	29	should	should	AUX
cblr-12481	753	30	be	be	AUX
cblr-12481	753	31	borne	bear	VERB
cblr-12481	753	32	by	by	ADP
cblr-12481	753	33	the	the	DET
cblr-12481	753	34	activist	activist	NOUN
cblr-12481	753	35	rather	rather	ADV
cblr-12481	753	36	than	than	ADP
cblr-12481	753	37	taxed	tax	VERB
cblr-12481	753	38	to	to	ADP
cblr-12481	753	39	other	other	ADJ
cblr-12481	753	40	shareholders	shareholder	NOUN
cblr-12481	753	41	.	.	PUNCT
cblr-12481	754	1	this	this	PRON
cblr-12481	754	2	is	be	AUX
cblr-12481	754	3	distinguishable	distinguishable	ADJ
cblr-12481	754	4	from	from	ADP
cblr-12481	754	5	engine	engine	NOUN
cblr-12481	754	6	no	no	NOUN
cblr-12481	754	7	.	.	NOUN
cblr-12481	755	1	1	1	NUM
cblr-12481	755	2	’s	’s	PART
cblr-12481	755	3	esg	esg	PROPN
cblr-12481	755	4	-	-	PUNCT
cblr-12481	755	5	motivated	motivated	ADJ
cblr-12481	755	6	proxy	proxy	NOUN
cblr-12481	755	7	campaign	campaign	NOUN
cblr-12481	755	8	against	against	ADP
cblr-12481	755	9	128	128	NUM
cblr-12481	755	10	see	see	NOUN
cblr-12481	755	11	,	,	PUNCT
cblr-12481	755	12	e.g.	e.g.	ADV
cblr-12481	755	13	,	,	PUNCT
cblr-12481	755	14	millon	millon	NOUN
cblr-12481	755	15	,	,	PUNCT
cblr-12481	755	16	supra	supra	PROPN
cblr-12481	755	17	note	note	PROPN
cblr-12481	755	18	18	18	NUM
cblr-12481	755	19	,	,	PUNCT
cblr-12481	755	20	at	at	ADP
cblr-12481	755	21	1014	1014	NUM
cblr-12481	755	22	(	(	PUNCT
cblr-12481	755	23	consistent	consistent	ADJ
cblr-12481	755	24	with	with	ADP
cblr-12481	755	25	“	"	PUNCT
cblr-12481	755	26	traditional	traditional	ADJ
cblr-12481	755	27	shareholder	shareholder	NOUN
cblr-12481	755	28	primacy	primacy	NOUN
cblr-12481	755	29	”	"	PUNCT
cblr-12481	755	30	that	that	PRON
cblr-12481	755	31	is	be	AUX
cblr-12481	755	32	oriented	orient	VERB
cblr-12481	755	33	towards	towards	ADP
cblr-12481	755	34	long	long	ADJ
cblr-12481	755	35	-	-	PUNCT
cblr-12481	755	36	term	term	NOUN
cblr-12481	755	37	corporate	corporate	ADJ
cblr-12481	755	38	value	value	NOUN
cblr-12481	755	39	,	,	PUNCT
cblr-12481	755	40	and	and	CCONJ
cblr-12481	755	41	distinguished	distinguish	VERB
cblr-12481	755	42	from	from	ADP
cblr-12481	755	43	“	"	PUNCT
cblr-12481	755	44	radical	radical	ADJ
cblr-12481	755	45	shareholder	shareholder	NOUN
cblr-12481	755	46	primacy	primacy	NOUN
cblr-12481	755	47	”	"	PUNCT
cblr-12481	755	48	that	that	PRON
cblr-12481	755	49	is	be	AUX
cblr-12481	755	50	oriented	orient	VERB
cblr-12481	755	51	towards	towards	ADP
cblr-12481	755	52	short	short	ADJ
cblr-12481	755	53	term	term	NOUN
cblr-12481	755	54	shareholder	shareholder	NOUN
cblr-12481	755	55	wealth	wealth	NOUN
cblr-12481	755	56	maximization	maximization	PROPN
cblr-12481	755	57	)	)	PUNCT
cblr-12481	755	58	.	.	PUNCT
cblr-12481	756	1	a	a	DET
cblr-12481	756	2	lower	low	ADJ
cblr-12481	756	3	case	case	NOUN
cblr-12481	756	4	reference	reference	NOUN
cblr-12481	756	5	to	to	ADP
cblr-12481	756	6	corporate	corporate	ADJ
cblr-12481	756	7	purposes	purpose	NOUN
cblr-12481	756	8	denotes	denote	VERB
cblr-12481	756	9	the	the	DET
cblr-12481	756	10	more	more	ADV
cblr-12481	756	11	specific	specific	ADJ
cblr-12481	756	12	objectives	objective	NOUN
cblr-12481	756	13	that	that	PRON
cblr-12481	756	14	contribute	contribute	VERB
cblr-12481	756	15	to	to	ADP
cblr-12481	756	16	achieving	achieve	VERB
cblr-12481	756	17	its	its	PRON
cblr-12481	756	18	overall	overall	ADJ
cblr-12481	756	19	purpose	purpose	NOUN
cblr-12481	756	20	.	.	PUNCT
cblr-12481	757	1	129	129	NUM
cblr-12481	757	2	shareholders	shareholder	NOUN
cblr-12481	757	3	always	always	ADV
cblr-12481	757	4	have	have	VERB
cblr-12481	757	5	the	the	DET
cblr-12481	757	6	option	option	NOUN
cblr-12481	757	7	of	of	ADP
cblr-12481	757	8	redefining	redefine	VERB
cblr-12481	757	9	purpose	purpose	NOUN
cblr-12481	757	10	through	through	ADP
cblr-12481	757	11	charter	charter	NOUN
cblr-12481	757	12	amendments	amendment	NOUN
cblr-12481	757	13	and	and	CCONJ
cblr-12481	757	14	bylaw	bylaw	NOUN
cblr-12481	757	15	provisions	provision	NOUN
cblr-12481	757	16	that	that	PRON
cblr-12481	757	17	go	go	VERB
cblr-12481	757	18	through	through	ADP
cblr-12481	757	19	a	a	DET
cblr-12481	757	20	complete	complete	ADJ
cblr-12481	757	21	ratification	ratification	NOUN
cblr-12481	757	22	procedure	procedure	NOUN
cblr-12481	757	23	.	.	PUNCT
cblr-12481	758	1	see	see	VERB
cblr-12481	758	2	8	8	NUM
cblr-12481	758	3	del	del	PROPN
cblr-12481	758	4	.	.	PROPN
cblr-12481	758	5	c.	c.	PROPN
cblr-12481	758	6	§	§	PROPN
cblr-12481	758	7	242	242	NUM
cblr-12481	758	8	(	(	PUNCT
cblr-12481	758	9	procedure	procedure	NOUN
cblr-12481	758	10	by	by	ADP
cblr-12481	758	11	which	which	PRON
cblr-12481	758	12	a	a	DET
cblr-12481	758	13	certificate	certificate	NOUN
cblr-12481	758	14	of	of	ADP
cblr-12481	758	15	incorporation	incorporation	NOUN
cblr-12481	758	16	may	may	AUX
cblr-12481	758	17	be	be	AUX
cblr-12481	758	18	amended	amend	VERB
cblr-12481	758	19	after	after	ADP
cblr-12481	758	20	receipt	receipt	NOUN
cblr-12481	758	21	of	of	ADP
cblr-12481	758	22	payment	payment	NOUN
cblr-12481	758	23	for	for	ADP
cblr-12481	758	24	stock	stock	NOUN
cblr-12481	758	25	)	)	PUNCT
cblr-12481	758	26	;	;	PUNCT
cblr-12481	758	27	8	8	NUM
cblr-12481	758	28	del	del	PROPN
cblr-12481	758	29	.	.	PROPN
cblr-12481	758	30	c.	c.	PROPN
cblr-12481	758	31	§	§	PROPN
cblr-12481	758	32	109	109	NUM
cblr-12481	758	33	(	(	PUNCT
cblr-12481	758	34	procedure	procedure	NOUN
cblr-12481	758	35	by	by	ADP
cblr-12481	758	36	which	which	PRON
cblr-12481	758	37	bylaws	bylaw	NOUN
cblr-12481	758	38	may	may	AUX
cblr-12481	758	39	be	be	AUX
cblr-12481	758	40	amended	amend	VERB
cblr-12481	758	41	.	.	PUNCT
cblr-12481	758	42	)	)	PUNCT
cblr-12481	758	43	.	.	PUNCT
cblr-12481	759	1	130	130	NUM
cblr-12481	759	2	supra	supra	PROPN
cblr-12481	759	3	notes	note	VERB
cblr-12481	759	4	92	92	NUM
cblr-12481	759	5	-	-	SYM
cblr-12481	759	6	95	95	NUM
cblr-12481	759	7	and	and	CCONJ
cblr-12481	759	8	accompanying	accompany	VERB
cblr-12481	759	9	text	text	NOUN
cblr-12481	759	10	.	.	PUNCT
cblr-12481	760	1	874	874	NUM
cblr-12481	760	2	columbia	columbia	PROPN
cblr-12481	760	3	business	business	NOUN
cblr-12481	760	4	law	law	PROPN
cblr-12481	760	5	review	review	NOUN
cblr-12481	761	1	[	[	X
cblr-12481	761	2	vol	vol	NOUN
cblr-12481	761	3	.	.	PUNCT
cblr-12481	761	4	2023	2023	NUM
cblr-12481	761	5	exxonmobil	exxonmobil	PROPN
cblr-12481	761	6	,	,	PUNCT
cblr-12481	761	7	which	which	PRON
cblr-12481	761	8	was	be	AUX
cblr-12481	761	9	professedly	professedly	ADV
cblr-12481	761	10	motivated	motivate	VERB
cblr-12481	761	11	by	by	ADP
cblr-12481	761	12	a	a	DET
cblr-12481	761	13	pecuniary	pecuniary	ADJ
cblr-12481	761	14	rationale	rationale	NOUN
cblr-12481	761	15	and	and	CCONJ
cblr-12481	761	16	which	which	PRON
cblr-12481	761	17	characterized	characterize	VERB
cblr-12481	761	18	its	its	PRON
cblr-12481	761	19	climate	climate	NOUN
cblr-12481	761	20	objectives	objective	NOUN
cblr-12481	761	21	in	in	ADP
cblr-12481	761	22	material	material	NOUN
cblr-12481	761	23	terms.131	terms.131	PROPN
cblr-12481	761	24	managerial	managerial	ADJ
cblr-12481	761	25	authority	authority	NOUN
cblr-12481	761	26	is	be	AUX
cblr-12481	761	27	restrained	restrain	VERB
cblr-12481	761	28	by	by	ADP
cblr-12481	761	29	fiduciary	fiduciary	ADJ
cblr-12481	761	30	duties	duty	NOUN
cblr-12481	761	31	to	to	ADP
cblr-12481	761	32	shareholders	shareholder	NOUN
cblr-12481	761	33	,	,	PUNCT
cblr-12481	761	34	limited	limit	VERB
cblr-12481	761	35	by	by	ADP
cblr-12481	761	36	the	the	DET
cblr-12481	761	37	terms	term	NOUN
cblr-12481	761	38	of	of	ADP
cblr-12481	761	39	materiality	materiality	NOUN
cblr-12481	761	40	to	to	ADP
cblr-12481	761	41	furthering	further	VERB
cblr-12481	761	42	rational	rational	ADJ
cblr-12481	761	43	business	business	NOUN
cblr-12481	761	44	purposes	purpose	NOUN
cblr-12481	761	45	,	,	PUNCT
cblr-12481	761	46	and	and	CCONJ
cblr-12481	761	47	enhanced	enhance	VERB
cblr-12481	761	48	by	by	ADP
cblr-12481	761	49	institutional	institutional	ADJ
cblr-12481	761	50	features	feature	NOUN
cblr-12481	761	51	that	that	PRON
cblr-12481	761	52	increase	increase	VERB
cblr-12481	761	53	managerial	managerial	ADJ
cblr-12481	761	54	capacity	capacity	NOUN
cblr-12481	761	55	,	,	PUNCT
cblr-12481	761	56	improve	improve	VERB
cblr-12481	761	57	legibility	legibility	NOUN
cblr-12481	761	58	of	of	ADP
cblr-12481	761	59	their	their	PRON
cblr-12481	761	60	decisions	decision	NOUN
cblr-12481	761	61	,	,	PUNCT
cblr-12481	761	62	and	and	CCONJ
cblr-12481	761	63	provide	provide	VERB
cblr-12481	761	64	for	for	ADP
cblr-12481	761	65	corresponding	correspond	VERB
cblr-12481	761	66	oversight	oversight	NOUN
cblr-12481	761	67	by	by	ADP
cblr-12481	761	68	those	those	PRON
cblr-12481	761	69	who	who	PRON
cblr-12481	761	70	wield	wield	VERB
cblr-12481	761	71	the	the	DET
cblr-12481	761	72	franchise	franchise	NOUN
cblr-12481	761	73	.	.	PUNCT
cblr-12481	762	1	by	by	ADP
cblr-12481	762	2	reframing	reframe	VERB
cblr-12481	762	3	esg	esg	NOUN
cblr-12481	762	4	governance	governance	NOUN
cblr-12481	762	5	as	as	ADP
cblr-12481	762	6	a	a	DET
cblr-12481	762	7	technocratic	technocratic	ADJ
cblr-12481	762	8	project	project	NOUN
cblr-12481	762	9	i	i	PRON
cblr-12481	762	10	am	be	AUX
cblr-12481	762	11	not	not	PART
cblr-12481	762	12	eliding	elide	VERB
cblr-12481	762	13	the	the	DET
cblr-12481	762	14	fundamentally	fundamentally	ADV
cblr-12481	762	15	political	political	ADJ
cblr-12481	762	16	nature	nature	NOUN
cblr-12481	762	17	of	of	ADP
cblr-12481	762	18	this	this	DET
cblr-12481	762	19	epistemic	epistemic	ADJ
cblr-12481	762	20	endeavor	endeavor	NOUN
cblr-12481	762	21	,	,	PUNCT
cblr-12481	762	22	particularly	particularly	ADV
cblr-12481	762	23	in	in	ADP
cblr-12481	762	24	defining	define	VERB
cblr-12481	762	25	and	and	CCONJ
cblr-12481	762	26	contesting	contest	VERB
cblr-12481	762	27	“	"	PUNCT
cblr-12481	762	28	materiality	materiality	NOUN
cblr-12481	762	29	.	.	PUNCT
cblr-12481	762	30	”132	”132	NOUN
cblr-12481	762	31	rather	rather	ADV
cblr-12481	762	32	,	,	PUNCT
cblr-12481	762	33	i	i	PRON
cblr-12481	762	34	’m	’m	VERB
cblr-12481	762	35	advancing	advance	VERB
cblr-12481	762	36	the	the	DET
cblr-12481	762	37	benefits	benefit	NOUN
cblr-12481	762	38	of	of	ADP
cblr-12481	762	39	technocracy	technocracy	NOUN
cblr-12481	762	40	for	for	ADP
cblr-12481	762	41	encumbering	encumber	VERB
cblr-12481	762	42	an	an	DET
cblr-12481	762	43	unfettered	unfettered	ADJ
cblr-12481	762	44	managerialism	managerialism	NOUN
cblr-12481	762	45	with	with	ADP
cblr-12481	762	46	the	the	DET
cblr-12481	762	47	rationale	rationale	NOUN
cblr-12481	762	48	of	of	ADP
cblr-12481	762	49	materiality	materiality	NOUN
cblr-12481	762	50	and	and	CCONJ
cblr-12481	762	51	imposing	impose	VERB
cblr-12481	762	52	on	on	ADP
cblr-12481	762	53	political	political	ADJ
cblr-12481	762	54	judgments	judgment	NOUN
cblr-12481	762	55	the	the	DET
cblr-12481	762	56	logic	logic	NOUN
cblr-12481	762	57	of	of	ADP
cblr-12481	762	58	purpose	purpose	NOUN
cblr-12481	762	59	.	.	PUNCT
cblr-12481	763	1	this	this	PRON
cblr-12481	763	2	relies	rely	VERB
cblr-12481	763	3	on	on	ADP
cblr-12481	763	4	identifying	identify	VERB
cblr-12481	763	5	the	the	DET
cblr-12481	763	6	attributes	attribute	NOUN
cblr-12481	763	7	of	of	ADP
cblr-12481	763	8	technical	technical	ADJ
cblr-12481	763	9	expertise	expertise	NOUN
cblr-12481	763	10	required	require	VERB
cblr-12481	763	11	to	to	PART
cblr-12481	763	12	achieve	achieve	VERB
cblr-12481	763	13	the	the	DET
cblr-12481	763	14	ends	end	NOUN
cblr-12481	763	15	of	of	ADP
cblr-12481	763	16	esg	esg	PROPN
cblr-12481	763	17	,	,	PUNCT
cblr-12481	763	18	problematizing	problematizing	NOUN
cblr-12481	763	19	and	and	CCONJ
cblr-12481	763	20	identifying	identify	VERB
cblr-12481	763	21	mechanisms	mechanism	NOUN
cblr-12481	763	22	to	to	PART
cblr-12481	763	23	contest	contest	VERB
cblr-12481	763	24	and	and	CCONJ
cblr-12481	763	25	define	define	VERB
cblr-12481	763	26	materiality	materiality	NOUN
cblr-12481	763	27	,	,	PUNCT
cblr-12481	763	28	and	and	CCONJ
cblr-12481	763	29	identifying	identify	VERB
cblr-12481	763	30	the	the	DET
cblr-12481	763	31	proper	proper	ADJ
cblr-12481	763	32	scope	scope	NOUN
cblr-12481	763	33	and	and	CCONJ
cblr-12481	763	34	space	space	NOUN
cblr-12481	763	35	for	for	ADP
cblr-12481	763	36	shareholder	shareholder	NOUN
cblr-12481	763	37	and	and	CCONJ
cblr-12481	763	38	stakeholder	stakeholder	NOUN
cblr-12481	763	39	participation	participation	NOUN
cblr-12481	763	40	as	as	ADP
cblr-12481	763	41	a	a	DET
cblr-12481	763	42	channel	channel	NOUN
cblr-12481	763	43	for	for	ADP
cblr-12481	763	44	informing	inform	VERB
cblr-12481	763	45	technocracy	technocracy	NOUN
cblr-12481	763	46	.	.	PUNCT
cblr-12481	764	1	b.	b.	PROPN
cblr-12481	764	2	key	key	PROPN
cblr-12481	764	3	features	feature	NOUN
cblr-12481	764	4	of	of	ADP
cblr-12481	764	5	the	the	DET
cblr-12481	764	6	corporate	corporate	ADJ
cblr-12481	764	7	technocracy	technocracy	NOUN
cblr-12481	764	8	in	in	ADP
cblr-12481	764	9	this	this	DET
cblr-12481	764	10	section	section	NOUN
cblr-12481	765	1	,	,	PUNCT
cblr-12481	765	2	i	i	PRON
cblr-12481	765	3	identify	identify	VERB
cblr-12481	765	4	three	three	NUM
cblr-12481	765	5	main	main	ADJ
cblr-12481	765	6	features	feature	NOUN
cblr-12481	765	7	of	of	ADP
cblr-12481	765	8	a	a	DET
cblr-12481	765	9	corporate	corporate	ADJ
cblr-12481	765	10	technocracy	technocracy	NOUN
cblr-12481	765	11	intended	intend	VERB
cblr-12481	765	12	to	to	PART
cblr-12481	765	13	promote	promote	VERB
cblr-12481	765	14	efficient	efficient	ADJ
cblr-12481	765	15	and	and	CCONJ
cblr-12481	765	16	accountable	accountable	ADJ
cblr-12481	765	17	esg	esg	PROPN
cblr-12481	765	18	governance	governance	NOUN
cblr-12481	765	19	:	:	PUNCT
cblr-12481	765	20	1	1	X
cblr-12481	765	21	)	)	PUNCT
cblr-12481	765	22	encouraging	encourage	VERB
cblr-12481	765	23	esg	esg	NOUN
cblr-12481	765	24	specific	specific	ADJ
cblr-12481	765	25	skills	skill	NOUN
cblr-12481	765	26	and	and	CCONJ
cblr-12481	765	27	experiences	experience	NOUN
cblr-12481	765	28	among	among	ADP
cblr-12481	765	29	managers	manager	NOUN
cblr-12481	765	30	and	and	CCONJ
cblr-12481	765	31	board	board	NOUN
cblr-12481	765	32	members	member	NOUN
cblr-12481	765	33	,	,	PUNCT
cblr-12481	765	34	2	2	X
cblr-12481	765	35	)	)	PUNCT
cblr-12481	765	36	adopting	adopt	VERB
cblr-12481	765	37	materiality	materiality	NOUN
cblr-12481	765	38	as	as	ADP
cblr-12481	765	39	a	a	DET
cblr-12481	765	40	limit	limit	NOUN
cblr-12481	765	41	to	to	ADP
cblr-12481	765	42	managerial	managerial	ADJ
cblr-12481	765	43	discretion	discretion	NOUN
cblr-12481	765	44	,	,	PUNCT
cblr-12481	765	45	and	and	CCONJ
cblr-12481	765	46	3	3	X
cblr-12481	765	47	)	)	PUNCT
cblr-12481	765	48	creating	create	VERB
cblr-12481	765	49	channels	channel	NOUN
cblr-12481	765	50	for	for	ADP
cblr-12481	765	51	stakeholders	stakeholder	NOUN
cblr-12481	765	52	and	and	CCONJ
cblr-12481	765	53	shareholders	shareholder	NOUN
cblr-12481	765	54	to	to	PART
cblr-12481	765	55	inform	inform	VERB
cblr-12481	765	56	esg	esg	PROPN
cblr-12481	765	57	materiality	materiality	NOUN
cblr-12481	765	58	.	.	PUNCT
cblr-12481	766	1	1	1	NUM
cblr-12481	766	2	.	.	X
cblr-12481	766	3	a	a	DET
cblr-12481	766	4	skills	skill	NOUN
cblr-12481	766	5	matrix	matrix	NOUN
cblr-12481	766	6	for	for	ADP
cblr-12481	766	7	technocrats	technocrat	NOUN
cblr-12481	766	8	technocracy	technocracy	NOUN
cblr-12481	766	9	depends	depend	VERB
cblr-12481	766	10	on	on	ADP
cblr-12481	766	11	the	the	DET
cblr-12481	766	12	decision	decision	NOUN
cblr-12481	766	13	-	-	PUNCT
cblr-12481	766	14	making	making	NOUN
cblr-12481	766	15	of	of	ADP
cblr-12481	766	16	competent	competent	ADJ
cblr-12481	766	17	administrators	administrator	NOUN
cblr-12481	766	18	with	with	ADP
cblr-12481	766	19	relevant	relevant	ADJ
cblr-12481	766	20	skills	skill	NOUN
cblr-12481	766	21	and	and	CCONJ
cblr-12481	766	22	expertise	expertise	NOUN
cblr-12481	766	23	.	.	PUNCT
cblr-12481	767	1	where	where	SCONJ
cblr-12481	767	2	a	a	DET
cblr-12481	767	3	corporation	corporation	NOUN
cblr-12481	767	4	’s	’s	PART
cblr-12481	767	5	purpose	purpose	NOUN
cblr-12481	767	6	is	be	AUX
cblr-12481	767	7	the	the	DET
cblr-12481	767	8	pursuit	pursuit	NOUN
cblr-12481	767	9	of	of	ADP
cblr-12481	767	10	profit	profit	NOUN
cblr-12481	767	11	,	,	PUNCT
cblr-12481	767	12	the	the	DET
cblr-12481	767	13	skills	skill	NOUN
cblr-12481	767	14	and	and	CCONJ
cblr-12481	767	15	131	131	NUM
cblr-12481	767	16	supra	supra	PROPN
cblr-12481	767	17	notes	note	VERB
cblr-12481	767	18	82	82	NUM
cblr-12481	767	19	-	-	SYM
cblr-12481	767	20	84	84	NUM
cblr-12481	767	21	and	and	CCONJ
cblr-12481	767	22	accompanying	accompany	VERB
cblr-12481	767	23	text	text	NOUN
cblr-12481	767	24	.	.	PUNCT
cblr-12481	768	1	132	132	NUM
cblr-12481	768	2	for	for	ADP
cblr-12481	768	3	a	a	DET
cblr-12481	768	4	critical	critical	ADJ
cblr-12481	768	5	account	account	NOUN
cblr-12481	768	6	of	of	ADP
cblr-12481	768	7	technocracy	technocracy	NOUN
cblr-12481	768	8	and	and	CCONJ
cblr-12481	768	9	technocratic	technocratic	ADJ
cblr-12481	768	10	measurement	measurement	NOUN
cblr-12481	768	11	,	,	PUNCT
cblr-12481	768	12	see	see	VERB
cblr-12481	768	13	jeffrey	jeffrey	PROPN
cblr-12481	768	14	friedman	friedman	PROPN
cblr-12481	768	15	,	,	PUNCT
cblr-12481	768	16	power	power	NOUN
cblr-12481	768	17	without	without	ADP
cblr-12481	768	18	knowledge	knowledge	NOUN
cblr-12481	768	19	:	:	PUNCT
cblr-12481	768	20	a	a	DET
cblr-12481	768	21	critique	critique	NOUN
cblr-12481	768	22	of	of	ADP
cblr-12481	768	23	technocracy	technocracy	NOUN
cblr-12481	768	24	1–31	1–31	PROPN
cblr-12481	768	25	(	(	PUNCT
cblr-12481	768	26	2019	2019	NUM
cblr-12481	768	27	)	)	PUNCT
cblr-12481	768	28	.	.	PUNCT
cblr-12481	769	1	no	no	INTJ
cblr-12481	769	2	.	.	NOUN
cblr-12481	770	1	2	2	NUM
cblr-12481	770	2	]	]	X
cblr-12481	770	3	corporate	corporate	ADJ
cblr-12481	770	4	technocracy	technocracy	NOUN
cblr-12481	770	5	875	875	NUM
cblr-12481	770	6	attributes	attribute	NOUN
cblr-12481	770	7	required	require	VERB
cblr-12481	770	8	of	of	ADP
cblr-12481	770	9	its	its	PRON
cblr-12481	770	10	executives	executive	NOUN
cblr-12481	770	11	differ	differ	VERB
cblr-12481	770	12	from	from	ADP
cblr-12481	770	13	the	the	DET
cblr-12481	770	14	expertise	expertise	NOUN
cblr-12481	770	15	that	that	PRON
cblr-12481	770	16	might	might	AUX
cblr-12481	770	17	be	be	AUX
cblr-12481	770	18	required	require	VERB
cblr-12481	770	19	by	by	ADP
cblr-12481	770	20	a	a	DET
cblr-12481	770	21	more	more	ADV
cblr-12481	770	22	socially	socially	ADV
cblr-12481	770	23	oriented	orient	VERB
cblr-12481	770	24	entity	entity	NOUN
cblr-12481	770	25	.	.	PUNCT
cblr-12481	771	1	one	one	NUM
cblr-12481	771	2	way	way	NOUN
cblr-12481	771	3	to	to	PART
cblr-12481	771	4	enhance	enhance	VERB
cblr-12481	771	5	institutional	institutional	ADJ
cblr-12481	771	6	esg	esg	PROPN
cblr-12481	771	7	competence	competence	NOUN
cblr-12481	771	8	is	be	AUX
cblr-12481	771	9	to	to	PART
cblr-12481	771	10	adopt	adopt	VERB
cblr-12481	771	11	a	a	DET
cblr-12481	771	12	version	version	NOUN
cblr-12481	771	13	of	of	ADP
cblr-12481	771	14	the	the	DET
cblr-12481	771	15	“	"	PUNCT
cblr-12481	771	16	skills	skill	NOUN
cblr-12481	771	17	matrix	matrix	NOUN
cblr-12481	771	18	”	"	PUNCT
cblr-12481	771	19	disclosed	disclose	VERB
cblr-12481	771	20	by	by	ADP
cblr-12481	771	21	some	some	DET
cblr-12481	771	22	companies	company	NOUN
cblr-12481	771	23	in	in	ADP
cblr-12481	771	24	their	their	PRON
cblr-12481	771	25	annual	annual	ADJ
cblr-12481	771	26	filings	filing	NOUN
cblr-12481	771	27	,	,	PUNCT
cblr-12481	771	28	in	in	ADP
cblr-12481	771	29	the	the	DET
cblr-12481	771	30	form	form	NOUN
cblr-12481	771	31	of	of	ADP
cblr-12481	771	32	an	an	DET
cblr-12481	771	33	esg	esg	NOUN
cblr-12481	771	34	skills	skill	NOUN
cblr-12481	771	35	matrix	matrix	NOUN
cblr-12481	771	36	.	.	PUNCT
cblr-12481	772	1	an	an	DET
cblr-12481	772	2	esg	esg	NOUN
cblr-12481	772	3	skills	skill	NOUN
cblr-12481	772	4	matrix	matrix	NOUN
cblr-12481	772	5	should	should	AUX
cblr-12481	772	6	reflect	reflect	VERB
cblr-12481	772	7	not	not	PART
cblr-12481	772	8	just	just	ADV
cblr-12481	772	9	specific	specific	ADJ
cblr-12481	772	10	esg	esg	PROPN
cblr-12481	772	11	objectives	objective	NOUN
cblr-12481	772	12	that	that	PRON
cblr-12481	772	13	a	a	DET
cblr-12481	772	14	company	company	NOUN
cblr-12481	772	15	prioritizes	prioritize	VERB
cblr-12481	772	16	,	,	PUNCT
cblr-12481	772	17	but	but	CCONJ
cblr-12481	772	18	also	also	ADV
cblr-12481	772	19	attributes	attribute	VERB
cblr-12481	772	20	and	and	CCONJ
cblr-12481	772	21	experiences	experience	NOUN
cblr-12481	772	22	it	it	PRON
cblr-12481	772	23	seeks	seek	VERB
cblr-12481	772	24	to	to	PART
cblr-12481	772	25	promote	promote	VERB
cblr-12481	772	26	among	among	ADP
cblr-12481	772	27	its	its	PRON
cblr-12481	772	28	decision	decision	NOUN
cblr-12481	772	29	-	-	PUNCT
cblr-12481	772	30	makers.133	makers.133	NOUN
cblr-12481	772	31	in	in	ADP
cblr-12481	772	32	the	the	DET
cblr-12481	772	33	current	current	ADJ
cblr-12481	772	34	version	version	NOUN
cblr-12481	772	35	of	of	ADP
cblr-12481	772	36	a	a	DET
cblr-12481	772	37	skills	skill	NOUN
cblr-12481	772	38	matrix	matrix	NOUN
cblr-12481	772	39	,	,	PUNCT
cblr-12481	772	40	the	the	DET
cblr-12481	772	41	names	name	NOUN
cblr-12481	772	42	of	of	ADP
cblr-12481	772	43	incumbent	incumbent	ADJ
cblr-12481	772	44	directors	director	NOUN
cblr-12481	772	45	are	be	AUX
cblr-12481	772	46	plotted	plot	VERB
cblr-12481	772	47	against	against	ADP
cblr-12481	772	48	attributes	attribute	NOUN
cblr-12481	772	49	like	like	ADP
cblr-12481	772	50	specific	specific	ADJ
cblr-12481	772	51	industry	industry	NOUN
cblr-12481	772	52	experience	experience	NOUN
cblr-12481	772	53	,	,	PUNCT
cblr-12481	772	54	government	government	NOUN
cblr-12481	772	55	/	/	SYM
cblr-12481	772	56	public	public	ADJ
cblr-12481	772	57	policy	policy	NOUN
cblr-12481	772	58	expertise	expertise	NOUN
cblr-12481	772	59	,	,	PUNCT
cblr-12481	772	60	or	or	CCONJ
cblr-12481	772	61	marketing	marketing	NOUN
cblr-12481	772	62	/	/	SYM
cblr-12481	772	63	sales	sale	NOUN
cblr-12481	772	64	skills.134	skills.134	PROPN
cblr-12481	772	65	this	this	DET
cblr-12481	772	66	information	information	NOUN
cblr-12481	772	67	provides	provide	VERB
cblr-12481	772	68	a	a	DET
cblr-12481	772	69	better	well	ADJ
cblr-12481	772	70	understanding	understanding	NOUN
cblr-12481	772	71	of	of	ADP
cblr-12481	772	72	directors	director	NOUN
cblr-12481	772	73	’	’	PART
cblr-12481	772	74	specific	specific	ADJ
cblr-12481	772	75	skills	skill	NOUN
cblr-12481	772	76	and	and	CCONJ
cblr-12481	772	77	attributes	attribute	NOUN
cblr-12481	772	78	and	and	CCONJ
cblr-12481	772	79	increases	increase	VERB
cblr-12481	772	80	the	the	DET
cblr-12481	772	81	board	board	NOUN
cblr-12481	772	82	’s	’s	PART
cblr-12481	772	83	accountability	accountability	NOUN
cblr-12481	772	84	with	with	ADP
cblr-12481	772	85	respect	respect	NOUN
cblr-12481	772	86	to	to	ADP
cblr-12481	772	87	the	the	DET
cblr-12481	772	88	criteria	criterion	NOUN
cblr-12481	772	89	listed	list	VERB
cblr-12481	772	90	while	while	SCONJ
cblr-12481	772	91	also	also	ADV
cblr-12481	772	92	demonstrating	demonstrate	VERB
cblr-12481	772	93	collective	collective	ADJ
cblr-12481	772	94	skills	skill	NOUN
cblr-12481	772	95	gaps	gap	NOUN
cblr-12481	772	96	.	.	PUNCT
cblr-12481	773	1	linking	link	VERB
cblr-12481	773	2	skills	skill	NOUN
cblr-12481	773	3	disclosure	disclosure	NOUN
cblr-12481	773	4	to	to	ADP
cblr-12481	773	5	director	director	NOUN
cblr-12481	773	6	nominations	nomination	NOUN
cblr-12481	773	7	,	,	PUNCT
cblr-12481	773	8	for	for	ADP
cblr-12481	773	9	example	example	NOUN
cblr-12481	773	10	,	,	PUNCT
cblr-12481	773	11	allows	allow	VERB
cblr-12481	773	12	shareholders	shareholder	NOUN
cblr-12481	773	13	to	to	PART
cblr-12481	773	14	understand	understand	VERB
cblr-12481	773	15	why	why	SCONJ
cblr-12481	773	16	a	a	DET
cblr-12481	773	17	candidate	candidate	NOUN
cblr-12481	773	18	was	be	AUX
cblr-12481	773	19	chosen	choose	VERB
cblr-12481	773	20	for	for	ADP
cblr-12481	773	21	election	election	NOUN
cblr-12481	773	22	or	or	CCONJ
cblr-12481	773	23	to	to	PART
cblr-12481	773	24	nominate	nominate	VERB
cblr-12481	773	25	candidates	candidate	NOUN
cblr-12481	773	26	who	who	PRON
cblr-12481	773	27	complement	complement	VERB
cblr-12481	773	28	the	the	DET
cblr-12481	773	29	skills	skill	NOUN
cblr-12481	773	30	mix	mix	NOUN
cblr-12481	773	31	where	where	SCONJ
cblr-12481	773	32	gaps	gap	NOUN
cblr-12481	773	33	are	be	AUX
cblr-12481	773	34	unfilled	unfilled	ADJ
cblr-12481	773	35	.	.	PUNCT
cblr-12481	774	1	for	for	ADP
cblr-12481	774	2	companies	company	NOUN
cblr-12481	774	3	promoting	promote	VERB
cblr-12481	774	4	esg	esg	PROPN
cblr-12481	774	5	,	,	PUNCT
cblr-12481	774	6	a	a	DET
cblr-12481	774	7	skills	skill	NOUN
cblr-12481	774	8	matrix	matrix	NOUN
cblr-12481	774	9	would	would	AUX
cblr-12481	774	10	allow	allow	VERB
cblr-12481	774	11	them	they	PRON
cblr-12481	774	12	to	to	PART
cblr-12481	774	13	institutionalize	institutionalize	VERB
cblr-12481	774	14	these	these	DET
cblr-12481	774	15	priorities	priority	NOUN
cblr-12481	774	16	as	as	ADP
cblr-12481	774	17	part	part	NOUN
cblr-12481	774	18	of	of	ADP
cblr-12481	774	19	an	an	DET
cblr-12481	774	20	administrative	administrative	ADJ
cblr-12481	774	21	rationale	rationale	NOUN
cblr-12481	774	22	.	.	PUNCT
cblr-12481	775	1	skills	skill	NOUN
cblr-12481	775	2	and	and	CCONJ
cblr-12481	775	3	experiences	experience	NOUN
cblr-12481	775	4	included	include	VERB
cblr-12481	775	5	in	in	ADP
cblr-12481	775	6	a	a	DET
cblr-12481	775	7	matrix	matrix	NOUN
cblr-12481	775	8	can	can	AUX
cblr-12481	775	9	reflect	reflect	VERB
cblr-12481	775	10	a	a	DET
cblr-12481	775	11	company	company	NOUN
cblr-12481	775	12	’s	’s	PART
cblr-12481	775	13	strategy	strategy	NOUN
cblr-12481	775	14	and	and	CCONJ
cblr-12481	775	15	the	the	DET
cblr-12481	775	16	esg	esg	PROPN
cblr-12481	775	17	priorities	priority	NOUN
cblr-12481	775	18	of	of	ADP
cblr-12481	775	19	its	its	PRON
cblr-12481	775	20	respective	respective	ADJ
cblr-12481	775	21	industry	industry	NOUN
cblr-12481	775	22	.	.	PUNCT
cblr-12481	776	1	for	for	ADP
cblr-12481	776	2	example	example	NOUN
cblr-12481	776	3	,	,	PUNCT
cblr-12481	776	4	companies	company	NOUN
cblr-12481	776	5	in	in	ADP
cblr-12481	776	6	the	the	DET
cblr-12481	776	7	oil	oil	NOUN
cblr-12481	776	8	and	and	CCONJ
cblr-12481	776	9	gas	gas	NOUN
cblr-12481	776	10	sector	sector	NOUN
cblr-12481	776	11	might	might	AUX
cblr-12481	776	12	include	include	VERB
cblr-12481	776	13	expertise	expertise	NOUN
cblr-12481	776	14	in	in	ADP
cblr-12481	776	15	environmental	environmental	ADJ
cblr-12481	776	16	science	science	NOUN
cblr-12481	776	17	or	or	CCONJ
cblr-12481	776	18	climate	climate	NOUN
cblr-12481	776	19	risk	risk	NOUN
cblr-12481	776	20	as	as	ADP
cblr-12481	776	21	target	target	NOUN
cblr-12481	776	22	skills	skill	NOUN
cblr-12481	776	23	.	.	PUNCT
cblr-12481	777	1	companies	company	NOUN
cblr-12481	777	2	can	can	AUX
cblr-12481	777	3	also	also	ADV
cblr-12481	777	4	account	account	VERB
cblr-12481	777	5	for	for	ADP
cblr-12481	777	6	relevant	relevant	ADJ
cblr-12481	777	7	expertise	expertise	NOUN
cblr-12481	777	8	that	that	PRON
cblr-12481	777	9	is	be	AUX
cblr-12481	777	10	not	not	PART
cblr-12481	777	11	represented	represent	VERB
cblr-12481	777	12	at	at	ADP
cblr-12481	777	13	the	the	DET
cblr-12481	777	14	board	board	NOUN
cblr-12481	777	15	level	level	NOUN
cblr-12481	777	16	by	by	ADP
cblr-12481	777	17	supplementing	supplement	VERB
cblr-12481	777	18	it	it	PRON
cblr-12481	777	19	with	with	ADP
cblr-12481	777	20	133	133	NUM
cblr-12481	777	21	glass	glass	NOUN
cblr-12481	777	22	lewis	lewis	PROPN
cblr-12481	777	23	,	,	PUNCT
cblr-12481	777	24	disclosure	disclosure	NOUN
cblr-12481	777	25	of	of	ADP
cblr-12481	777	26	board	board	NOUN
cblr-12481	777	27	skills	skill	NOUN
cblr-12481	777	28	and	and	CCONJ
cblr-12481	777	29	experience	experience	NOUN
cblr-12481	777	30	—	—	PUNCT
cblr-12481	777	31	emerging	emerge	VERB
cblr-12481	777	32	best	good	ADJ
cblr-12481	777	33	practice	practice	NOUN
cblr-12481	777	34	5	5	NUM
cblr-12481	777	35	(	(	PUNCT
cblr-12481	777	36	2018	2018	NUM
cblr-12481	777	37	)	)	PUNCT
cblr-12481	777	38	,	,	PUNCT
cblr-12481	777	39	https://www.glasslewis.com/wp-content/uploads/2019/02/boardskillsand_experience.pdf	https://www.glasslewis.com/wp-content/uploads/2019/02/boardskillsand_experience.pdf	PROPN
cblr-12481	778	1	[	[	X
cblr-12481	778	2	https://perma.cc/7z9s-ezak	https://perma.cc/7z9s-ezak	X
cblr-12481	778	3	]	]	X
cblr-12481	778	4	;	;	PUNCT
cblr-12481	778	5	charles	charles	PROPN
cblr-12481	778	6	-	-	PUNCT
cblr-12481	778	7	étienne	étienne	PROPN
cblr-12481	778	8	borduas	borduas	NOUN
cblr-12481	778	9	,	,	PUNCT
cblr-12481	778	10	thierry	thierry	PROPN
cblr-12481	778	11	dorval	dorval	PROPN
cblr-12481	778	12	,	,	PUNCT
cblr-12481	778	13	audrey	audrey	PROPN
cblr-12481	778	14	bernasconi	bernasconi	PROPN
cblr-12481	778	15	&	&	CCONJ
cblr-12481	778	16	sophie	sophie	PROPN
cblr-12481	778	17	doyle	doyle	PROPN
cblr-12481	778	18	,	,	PUNCT
cblr-12481	778	19	esg	esg	PROPN
cblr-12481	778	20	:	:	PUNCT
cblr-12481	778	21	what	what	DET
cblr-12481	778	22	boards	board	NOUN
cblr-12481	778	23	of	of	ADP
cblr-12481	778	24	directors	director	NOUN
cblr-12481	778	25	should	should	AUX
cblr-12481	778	26	do	do	VERB
cblr-12481	778	27	now	now	ADV
cblr-12481	778	28	,	,	PUNCT
cblr-12481	778	29	norton	norton	PROPN
cblr-12481	778	30	rose	rise	VERB
cblr-12481	778	31	fulbright	fulbright	PROPN
cblr-12481	778	32	(	(	PUNCT
cblr-12481	778	33	aug	aug	PROPN
cblr-12481	778	34	.	.	PROPN
cblr-12481	778	35	16	16	NUM
cblr-12481	778	36	,	,	PUNCT
cblr-12481	778	37	2021	2021	NUM
cblr-12481	778	38	)	)	PUNCT
cblr-12481	778	39	,	,	PUNCT
cblr-12481	778	40	https://www.nortonrosefulbright.com/en-ca/knowledge/publications/bed17bb0/esg-what-boards-ofdirectors-should-do-now	https://www.nortonrosefulbright.com/en-ca/knowledge/publications/bed17bb0/esg-what-boards-ofdirectors-should-do-now	ADV
cblr-12481	778	41	[	[	X
cblr-12481	778	42	https://perma.cc/ckl4-etq9	https://perma.cc/ckl4-etq9	X
cblr-12481	778	43	]	]	X
cblr-12481	778	44	.	.	PUNCT
cblr-12481	779	1	134	134	NUM
cblr-12481	779	2	following	follow	VERB
cblr-12481	779	3	a	a	DET
cblr-12481	779	4	2014	2014	NUM
cblr-12481	779	5	recommendation	recommendation	NOUN
cblr-12481	779	6	from	from	ADP
cblr-12481	779	7	the	the	DET
cblr-12481	779	8	asx	asx	NOUN
cblr-12481	779	9	corporate	corporate	ADJ
cblr-12481	779	10	governance	governance	NOUN
cblr-12481	779	11	council	council	NOUN
cblr-12481	779	12	.	.	PUNCT
cblr-12481	780	1	see	see	VERB
cblr-12481	780	2	asx	asx	NOUN
cblr-12481	780	3	corporate	corporate	ADJ
cblr-12481	780	4	governance	governance	NOUN
cblr-12481	780	5	council	council	NOUN
cblr-12481	780	6	,	,	PUNCT
cblr-12481	780	7	corporate	corporate	ADJ
cblr-12481	780	8	governance	governance	NOUN
cblr-12481	780	9	principles	principle	NOUN
cblr-12481	780	10	and	and	CCONJ
cblr-12481	780	11	recommendations	recommendation	NOUN
cblr-12481	780	12	13	13	NUM
cblr-12481	780	13	(	(	PUNCT
cblr-12481	780	14	4th	4th	ADJ
cblr-12481	780	15	ed	ed	NOUN
cblr-12481	780	16	.	.	PUNCT
cblr-12481	781	1	feb	feb	PROPN
cblr-12481	781	2	.	.	PROPN
cblr-12481	781	3	2019	2019	NUM
cblr-12481	781	4	)	)	PUNCT
cblr-12481	781	5	,	,	PUNCT
cblr-12481	782	1	https://www.asx.com.au/documents/asx-compliance/cgc-principles-and-recommendations-fourth-edn.pdf	https://www.asx.com.au/documents/asx-compliance/cgc-principles-and-recommendations-fourth-edn.pdf	X
cblr-12481	783	1	[	[	X
cblr-12481	783	2	https://perma.cc/ye56-le4f	https://perma.cc/ye56-le4f	NUM
cblr-12481	783	3	]	]	X
cblr-12481	783	4	.	.	PUNCT
cblr-12481	784	1	876	876	NUM
cblr-12481	784	2	columbia	columbia	PROPN
cblr-12481	784	3	business	business	NOUN
cblr-12481	784	4	law	law	PROPN
cblr-12481	784	5	review	review	NOUN
cblr-12481	784	6	[	[	X
cblr-12481	784	7	vol	vol	NOUN
cblr-12481	784	8	.	.	PUNCT
cblr-12481	784	9	2023	2023	NUM
cblr-12481	784	10	information	information	NOUN
cblr-12481	784	11	about	about	ADP
cblr-12481	784	12	how	how	SCONJ
cblr-12481	784	13	the	the	DET
cblr-12481	784	14	board	board	NOUN
cblr-12481	784	15	has	have	AUX
cblr-12481	784	16	access	access	NOUN
cblr-12481	784	17	to	to	ADP
cblr-12481	784	18	these	these	DET
cblr-12481	784	19	skills	skill	NOUN
cblr-12481	784	20	or	or	CCONJ
cblr-12481	784	21	expertise	expertise	NOUN
cblr-12481	784	22	through	through	ADP
cblr-12481	784	23	internal	internal	ADJ
cblr-12481	784	24	or	or	CCONJ
cblr-12481	784	25	external	external	ADJ
cblr-12481	784	26	experts	expert	NOUN
cblr-12481	784	27	,	,	PUNCT
cblr-12481	784	28	for	for	ADP
cblr-12481	784	29	example	example	NOUN
cblr-12481	784	30	,	,	PUNCT
cblr-12481	784	31	or	or	CCONJ
cblr-12481	784	32	with	with	ADP
cblr-12481	784	33	ways	way	NOUN
cblr-12481	784	34	that	that	PRON
cblr-12481	784	35	the	the	DET
cblr-12481	784	36	board	board	NOUN
cblr-12481	784	37	is	be	AUX
cblr-12481	784	38	kept	keep	VERB
cblr-12481	784	39	informed	inform	VERB
cblr-12481	784	40	of	of	ADP
cblr-12481	784	41	relevant	relevant	ADJ
cblr-12481	784	42	developments	development	NOUN
cblr-12481	784	43	through	through	ADP
cblr-12481	784	44	reporting	reporting	NOUN
cblr-12481	784	45	by	by	ADP
cblr-12481	784	46	a	a	DET
cblr-12481	784	47	relevant	relevant	ADJ
cblr-12481	784	48	management	management	NOUN
cblr-12481	784	49	committee	committee	NOUN
cblr-12481	784	50	.	.	PUNCT
cblr-12481	785	1	the	the	DET
cblr-12481	785	2	esg	esg	PROPN
cblr-12481	785	3	skills	skill	NOUN
cblr-12481	785	4	profile	profile	NOUN
cblr-12481	785	5	might	might	AUX
cblr-12481	785	6	be	be	AUX
cblr-12481	785	7	subject	subject	ADJ
cblr-12481	785	8	to	to	ADP
cblr-12481	785	9	regular	regular	ADJ
cblr-12481	785	10	assessment	assessment	NOUN
cblr-12481	785	11	and	and	CCONJ
cblr-12481	785	12	revised	revise	VERB
cblr-12481	785	13	to	to	PART
cblr-12481	785	14	reflect	reflect	VERB
cblr-12481	785	15	priorities	priority	NOUN
cblr-12481	785	16	and	and	CCONJ
cblr-12481	785	17	strategies	strategy	NOUN
cblr-12481	785	18	and	and	CCONJ
cblr-12481	785	19	evolving	evolve	VERB
cblr-12481	785	20	interpretations	interpretation	NOUN
cblr-12481	785	21	of	of	ADP
cblr-12481	785	22	esg.135	esg.135	PROPN
cblr-12481	785	23	2	2	NUM
cblr-12481	785	24	.	.	X
cblr-12481	785	25	materiality	materiality	NOUN
cblr-12481	785	26	as	as	ADP
cblr-12481	785	27	a	a	DET
cblr-12481	785	28	limit	limit	NOUN
cblr-12481	785	29	to	to	ADP
cblr-12481	785	30	managerial	managerial	ADJ
cblr-12481	785	31	discretion	discretion	NOUN
cblr-12481	785	32	the	the	DET
cblr-12481	785	33	notion	notion	NOUN
cblr-12481	785	34	of	of	ADP
cblr-12481	785	35	“	"	PUNCT
cblr-12481	785	36	materiality	materiality	NOUN
cblr-12481	785	37	”	"	PUNCT
cblr-12481	785	38	is	be	AUX
cblr-12481	785	39	fundamental	fundamental	ADJ
cblr-12481	785	40	to	to	ADP
cblr-12481	785	41	a	a	DET
cblr-12481	785	42	corporate	corporate	ADJ
cblr-12481	785	43	technocracy	technocracy	NOUN
cblr-12481	785	44	and	and	CCONJ
cblr-12481	785	45	serves	serve	VERB
cblr-12481	785	46	as	as	ADP
cblr-12481	785	47	both	both	CCONJ
cblr-12481	785	48	the	the	DET
cblr-12481	785	49	space	space	NOUN
cblr-12481	785	50	of	of	ADP
cblr-12481	785	51	contestation	contestation	NOUN
cblr-12481	785	52	concerning	concern	VERB
cblr-12481	785	53	which	which	DET
cblr-12481	785	54	pro	pro	ADJ
cblr-12481	785	55	-	-	ADJ
cblr-12481	785	56	social	social	ADJ
cblr-12481	785	57	objectives	objective	NOUN
cblr-12481	785	58	are	be	AUX
cblr-12481	785	59	institutionalized	institutionalize	VERB
cblr-12481	785	60	in	in	ADP
cblr-12481	785	61	corporate	corporate	ADJ
cblr-12481	785	62	decision	decision	NOUN
cblr-12481	785	63	-	-	PUNCT
cblr-12481	785	64	making	making	NOUN
cblr-12481	785	65	,	,	PUNCT
cblr-12481	785	66	and	and	CCONJ
cblr-12481	785	67	the	the	DET
cblr-12481	785	68	boundaries	boundary	NOUN
cblr-12481	785	69	of	of	ADP
cblr-12481	785	70	managerial	managerial	ADJ
cblr-12481	785	71	discretion	discretion	NOUN
cblr-12481	785	72	protected	protect	VERB
cblr-12481	785	73	by	by	ADP
cblr-12481	785	74	the	the	DET
cblr-12481	785	75	business	business	NOUN
cblr-12481	785	76	judgment	judgment	NOUN
cblr-12481	785	77	rule	rule	NOUN
cblr-12481	785	78	.	.	PUNCT
cblr-12481	786	1	under	under	ADP
cblr-12481	786	2	current	current	ADJ
cblr-12481	786	3	doctrine	doctrine	NOUN
cblr-12481	786	4	,	,	PUNCT
cblr-12481	786	5	information	information	NOUN
cblr-12481	786	6	is	be	AUX
cblr-12481	786	7	“	"	PUNCT
cblr-12481	786	8	material	material	NOUN
cblr-12481	786	9	”	"	PUNCT
cblr-12481	786	10	if	if	SCONJ
cblr-12481	786	11	it	it	PRON
cblr-12481	786	12	is	be	AUX
cblr-12481	786	13	relevant	relevant	ADJ
cblr-12481	786	14	to	to	ADP
cblr-12481	786	15	a	a	DET
cblr-12481	786	16	“	"	PUNCT
cblr-12481	786	17	reasonable	reasonable	ADJ
cblr-12481	786	18	investor”136	investor”136	NOUN
cblr-12481	786	19	when	when	SCONJ
cblr-12481	786	20	deciding	decide	VERB
cblr-12481	786	21	to	to	PART
cblr-12481	786	22	purchase	purchase	VERB
cblr-12481	786	23	or	or	CCONJ
cblr-12481	786	24	sell	sell	VERB
cblr-12481	786	25	securities.137	securities.137	NOUN
cblr-12481	786	26	under	under	ADP
cblr-12481	786	27	a	a	DET
cblr-12481	786	28	technocratic	technocratic	ADJ
cblr-12481	786	29	governance	governance	NOUN
cblr-12481	786	30	regime	regime	NOUN
cblr-12481	786	31	,	,	PUNCT
cblr-12481	786	32	135	135	NUM
cblr-12481	786	33	see	see	VERB
cblr-12481	786	34	glass	glass	NOUN
cblr-12481	786	35	lewis	lewis	PROPN
cblr-12481	786	36	,	,	PUNCT
cblr-12481	786	37	supra	supra	PROPN
cblr-12481	786	38	note	note	PROPN
cblr-12481	786	39	133	133	NUM
cblr-12481	786	40	,	,	PUNCT
cblr-12481	786	41	at	at	ADP
cblr-12481	786	42	8	8	NUM
cblr-12481	786	43	.	.	NOUN
cblr-12481	786	44	136	136	NUM
cblr-12481	786	45	tsc	tsc	PROPN
cblr-12481	786	46	indus	indus	PROPN
cblr-12481	786	47	.	.	PROPN
cblr-12481	786	48	,	,	PUNCT
cblr-12481	786	49	inc	inc	PROPN
cblr-12481	786	50	.	.	PROPN
cblr-12481	787	1	v.	v.	PROPN
cblr-12481	787	2	northway	northway	PROPN
cblr-12481	787	3	,	,	PUNCT
cblr-12481	787	4	inc	inc	PROPN
cblr-12481	787	5	.	.	PROPN
cblr-12481	787	6	,	,	PUNCT
cblr-12481	787	7	426	426	NUM
cblr-12481	787	8	u.s	u.s	PROPN
cblr-12481	787	9	.	.	PROPN
cblr-12481	787	10	438	438	NUM
cblr-12481	787	11	,	,	PUNCT
cblr-12481	787	12	445	445	NUM
cblr-12481	787	13	(	(	PUNCT
cblr-12481	787	14	1976	1976	NUM
cblr-12481	787	15	)	)	PUNCT
cblr-12481	787	16	(	(	PUNCT
cblr-12481	787	17	“	"	PUNCT
cblr-12481	787	18	the	the	DET
cblr-12481	787	19	question	question	NOUN
cblr-12481	787	20	of	of	ADP
cblr-12481	787	21	materiality	materiality	NOUN
cblr-12481	787	22	,	,	PUNCT
cblr-12481	787	23	it	it	PRON
cblr-12481	787	24	is	be	AUX
cblr-12481	787	25	universally	universally	ADV
cblr-12481	787	26	agreed	agree	VERB
cblr-12481	787	27	,	,	PUNCT
cblr-12481	787	28	is	be	AUX
cblr-12481	787	29	an	an	DET
cblr-12481	787	30	objective	objective	ADJ
cblr-12481	787	31	one	one	NOUN
cblr-12481	787	32	,	,	PUNCT
cblr-12481	787	33	involving	involve	VERB
cblr-12481	787	34	the	the	DET
cblr-12481	787	35	significance	significance	NOUN
cblr-12481	787	36	of	of	ADP
cblr-12481	787	37	an	an	DET
cblr-12481	787	38	omitted	omit	VERB
cblr-12481	787	39	or	or	CCONJ
cblr-12481	787	40	misrepresented	misrepresent	VERB
cblr-12481	787	41	fact	fact	NOUN
cblr-12481	787	42	to	to	ADP
cblr-12481	787	43	a	a	DET
cblr-12481	787	44	reasonable	reasonable	ADJ
cblr-12481	787	45	investor	investor	NOUN
cblr-12481	787	46	.	.	PUNCT
cblr-12481	788	1	variations	variation	NOUN
cblr-12481	788	2	in	in	ADP
cblr-12481	788	3	the	the	DET
cblr-12481	788	4	formulation	formulation	NOUN
cblr-12481	788	5	of	of	ADP
cblr-12481	788	6	a	a	DET
cblr-12481	788	7	general	general	ADJ
cblr-12481	788	8	test	test	NOUN
cblr-12481	788	9	of	of	ADP
cblr-12481	788	10	materiality	materiality	NOUN
cblr-12481	788	11	occur	occur	VERB
cblr-12481	788	12	in	in	ADP
cblr-12481	788	13	the	the	DET
cblr-12481	788	14	articulation	articulation	NOUN
cblr-12481	788	15	of	of	ADP
cblr-12481	788	16	just	just	ADV
cblr-12481	788	17	how	how	SCONJ
cblr-12481	788	18	significant	significant	ADJ
cblr-12481	788	19	a	a	DET
cblr-12481	788	20	fact	fact	NOUN
cblr-12481	788	21	must	must	AUX
cblr-12481	788	22	be	be	AUX
cblr-12481	788	23	or	or	CCONJ
cblr-12481	788	24	,	,	PUNCT
cblr-12481	788	25	put	put	VERB
cblr-12481	788	26	another	another	DET
cblr-12481	788	27	way	way	NOUN
cblr-12481	788	28	,	,	PUNCT
cblr-12481	788	29	how	how	SCONJ
cblr-12481	788	30	certain	certain	ADJ
cblr-12481	788	31	it	it	PRON
cblr-12481	788	32	must	must	AUX
cblr-12481	788	33	be	be	AUX
cblr-12481	788	34	that	that	SCONJ
cblr-12481	788	35	the	the	DET
cblr-12481	788	36	fact	fact	NOUN
cblr-12481	788	37	would	would	AUX
cblr-12481	788	38	affect	affect	VERB
cblr-12481	788	39	a	a	DET
cblr-12481	788	40	reasonable	reasonable	ADJ
cblr-12481	788	41	investor	investor	NOUN
cblr-12481	788	42	’s	’s	PART
cblr-12481	788	43	judgment	judgment	NOUN
cblr-12481	788	44	.	.	PUNCT
cblr-12481	788	45	”	"	PUNCT
cblr-12481	788	46	)	)	PUNCT
cblr-12481	788	47	.	.	PUNCT
cblr-12481	789	1	137	137	NUM
cblr-12481	789	2	several	several	ADJ
cblr-12481	789	3	corporate	corporate	ADJ
cblr-12481	789	4	and	and	CCONJ
cblr-12481	789	5	securities	security	NOUN
cblr-12481	789	6	law	law	NOUN
cblr-12481	789	7	doctrines	doctrine	NOUN
cblr-12481	789	8	distinguish	distinguish	VERB
cblr-12481	789	9	between	between	ADP
cblr-12481	789	10	material	material	NOUN
cblr-12481	789	11	and	and	CCONJ
cblr-12481	789	12	immaterial	immaterial	ADJ
cblr-12481	789	13	information	information	NOUN
cblr-12481	789	14	when	when	SCONJ
cblr-12481	789	15	determining	determine	VERB
cblr-12481	789	16	the	the	DET
cblr-12481	789	17	type	type	NOUN
cblr-12481	789	18	of	of	ADP
cblr-12481	789	19	information	information	NOUN
cblr-12481	789	20	that	that	SCONJ
cblr-12481	789	21	shareholders	shareholder	NOUN
cblr-12481	789	22	should	should	AUX
cblr-12481	789	23	have	have	VERB
cblr-12481	789	24	access	access	NOUN
cblr-12481	789	25	to	to	ADP
cblr-12481	789	26	and	and	CCONJ
cblr-12481	789	27	that	that	SCONJ
cblr-12481	789	28	managers	manager	NOUN
cblr-12481	789	29	and	and	CCONJ
cblr-12481	789	30	directors	director	NOUN
cblr-12481	789	31	should	should	AUX
cblr-12481	789	32	consider	consider	VERB
cblr-12481	789	33	in	in	ADP
cblr-12481	789	34	keeping	keep	VERB
cblr-12481	789	35	with	with	ADP
cblr-12481	789	36	their	their	PRON
cblr-12481	789	37	fiduciary	fiduciary	ADJ
cblr-12481	789	38	duties	duty	NOUN
cblr-12481	789	39	.	.	PUNCT
cblr-12481	790	1	these	these	PRON
cblr-12481	790	2	include	include	VERB
cblr-12481	790	3	the	the	DET
cblr-12481	790	4	scope	scope	NOUN
cblr-12481	790	5	of	of	ADP
cblr-12481	790	6	mandatory	mandatory	ADJ
cblr-12481	790	7	sec	sec	PROPN
cblr-12481	790	8	disclosures	disclosure	NOUN
cblr-12481	790	9	,	,	PUNCT
cblr-12481	790	10	the	the	DET
cblr-12481	790	11	types	type	NOUN
cblr-12481	790	12	of	of	ADP
cblr-12481	790	13	corporate	corporate	ADJ
cblr-12481	790	14	statements	statement	NOUN
cblr-12481	790	15	or	or	CCONJ
cblr-12481	790	16	omissions	omission	NOUN
cblr-12481	790	17	deemed	deem	VERB
cblr-12481	790	18	actionable	actionable	ADJ
cblr-12481	790	19	under	under	ADP
cblr-12481	790	20	section	section	NOUN
cblr-12481	790	21	10	10	NUM
cblr-12481	790	22	-	-	PUNCT
cblr-12481	790	23	b	b	NOUN
cblr-12481	790	24	litigation	litigation	NOUN
cblr-12481	790	25	,	,	PUNCT
cblr-12481	790	26	the	the	DET
cblr-12481	790	27	types	type	NOUN
cblr-12481	790	28	of	of	ADP
cblr-12481	790	29	risks	risk	NOUN
cblr-12481	790	30	requiring	require	VERB
cblr-12481	790	31	managerial	managerial	ADJ
cblr-12481	790	32	oversight	oversight	NOUN
cblr-12481	790	33	under	under	ADP
cblr-12481	790	34	caremark	caremark	NOUN
cblr-12481	790	35	,	,	PUNCT
cblr-12481	790	36	and	and	CCONJ
cblr-12481	790	37	information	information	NOUN
cblr-12481	790	38	that	that	SCONJ
cblr-12481	790	39	directors	director	NOUN
cblr-12481	790	40	must	must	AUX
cblr-12481	790	41	consider	consider	VERB
cblr-12481	790	42	in	in	ADP
cblr-12481	790	43	fulfilling	fulfil	VERB
cblr-12481	790	44	their	their	PRON
cblr-12481	790	45	fiduciary	fiduciary	ADJ
cblr-12481	790	46	duty	duty	NOUN
cblr-12481	790	47	of	of	ADP
cblr-12481	790	48	care	care	NOUN
cblr-12481	790	49	.	.	PUNCT
cblr-12481	791	1	see	see	VERB
cblr-12481	791	2	,	,	PUNCT
cblr-12481	791	3	e.g.	e.g.	ADV
cblr-12481	791	4	,	,	PUNCT
cblr-12481	791	5	bus	bus	NOUN
cblr-12481	791	6	.	.	PUNCT
cblr-12481	792	1	roundtable	roundtable	ADJ
cblr-12481	792	2	,	,	PUNCT
cblr-12481	792	3	the	the	DET
cblr-12481	792	4	materiality	materiality	NOUN
cblr-12481	792	5	standard	standard	NOUN
cblr-12481	792	6	for	for	ADP
cblr-12481	792	7	public	public	ADJ
cblr-12481	792	8	company	company	NOUN
cblr-12481	792	9	disclosure	disclosure	NOUN
cblr-12481	792	10	:	:	PUNCT
cblr-12481	792	11	maintain	maintain	VERB
cblr-12481	792	12	what	what	PRON
cblr-12481	792	13	works	work	VERB
cblr-12481	792	14	(	(	PUNCT
cblr-12481	792	15	oct	oct	PROPN
cblr-12481	792	16	.	.	PROPN
cblr-12481	792	17	2015	2015	NUM
cblr-12481	792	18	)	)	PUNCT
cblr-12481	792	19	,	,	PUNCT
cblr-12481	792	20	https://s3.amazonaws.com/brt.org/archive/reports/materiality%20white%20paper%20final%2009-29-15.pdf	https://s3.amazonaws.com/brt.org/archive/reports/materiality%20white%20paper%20final%2009-29-15.pdf	PROPN
cblr-12481	793	1	[	[	X
cblr-12481	793	2	https://perma.cc/p2pt-zxkm	https://perma.cc/p2pt-zxkm	PROPN
cblr-12481	793	3	]	]	X
cblr-12481	793	4	;	;	PUNCT
cblr-12481	793	5	becker	becker	NOUN
cblr-12481	793	6	,	,	PUNCT
cblr-12481	793	7	exchange	exchange	NOUN
cblr-12481	793	8	act	act	PROPN
cblr-12481	793	9	release	release	VERB
cblr-12481	793	10	no	no	PRON
cblr-12481	793	11	.	.	NOUN
cblr-12481	793	12	44460	44460	NUM
cblr-12481	793	13	,	,	PUNCT
cblr-12481	793	14	2001	2001	NUM
cblr-12481	793	15	wl	wl	SYM
cblr-12481	793	16	698370	698370	NUM
cblr-12481	793	17	(	(	PUNCT
cblr-12481	793	18	jun	jun	PROPN
cblr-12481	793	19	.	.	PROPN
cblr-12481	793	20	21	21	NUM
cblr-12481	793	21	,	,	PUNCT
cblr-12481	793	22	2001	2001	NUM
cblr-12481	793	23	)	)	PUNCT
cblr-12481	793	24	;	;	PUNCT
cblr-12481	793	25	smith	smith	PROPN
cblr-12481	793	26	v.	v.	PROPN
cblr-12481	793	27	van	van	PROPN
cblr-12481	793	28	gorkom	gorkom	PROPN
cblr-12481	793	29	,	,	PUNCT
cblr-12481	793	30	488	488	NUM
cblr-12481	793	31	a.2d	a.2d	NUM
cblr-12481	793	32	858	858	NUM
cblr-12481	793	33	,	,	PUNCT
cblr-12481	793	34	872	872	NUM
cblr-12481	793	35	(	(	PUNCT
cblr-12481	793	36	1985	1985	NUM
cblr-12481	793	37	)	)	PUNCT
cblr-12481	793	38	(	(	PUNCT
cblr-12481	793	39	quoting	quote	VERB
cblr-12481	793	40	aronson	aronson	PROPN
cblr-12481	793	41	v.	v.	PROPN
cblr-12481	793	42	lewis	lewis	PROPN
cblr-12481	793	43	,	,	PUNCT
cblr-12481	793	44	473	473	NUM
cblr-12481	793	45	a.2d	a.2d	SYM
cblr-12481	793	46	805	805	NUM
cblr-12481	793	47	,	,	PUNCT
cblr-12481	793	48	812	812	NUM
cblr-12481	793	49	(	(	PUNCT
cblr-12481	793	50	1984	1984	NUM
cblr-12481	793	51	)	)	PUNCT
cblr-12481	793	52	)	)	PUNCT
cblr-12481	793	53	(	(	PUNCT
cblr-12481	793	54	holding	hold	VERB
cblr-12481	793	55	that	that	SCONJ
cblr-12481	793	56	directors	director	NOUN
cblr-12481	793	57	must	must	AUX
cblr-12481	793	58	inform	inform	VERB
cblr-12481	793	59	themselves	themselves	PRON
cblr-12481	793	60	“	"	PUNCT
cblr-12481	793	61	prior	prior	ADV
cblr-12481	793	62	to	to	ADP
cblr-12481	793	63	making	make	VERB
cblr-12481	793	64	no	no	NOUN
cblr-12481	793	65	.	.	NOUN
cblr-12481	794	1	2	2	NUM
cblr-12481	794	2	]	]	X
cblr-12481	794	3	corporate	corporate	ADJ
cblr-12481	794	4	technocracy	technocracy	NOUN
cblr-12481	794	5	877	877	NUM
cblr-12481	794	6	political	political	ADJ
cblr-12481	794	7	and	and	CCONJ
cblr-12481	794	8	value	value	NOUN
cblr-12481	794	9	-	-	PUNCT
cblr-12481	794	10	laden	laden	NOUN
cblr-12481	794	11	objectives	objective	NOUN
cblr-12481	794	12	are	be	AUX
cblr-12481	794	13	made	make	VERB
cblr-12481	794	14	legible	legible	ADJ
cblr-12481	794	15	through	through	ADP
cblr-12481	794	16	a	a	DET
cblr-12481	794	17	translation	translation	NOUN
cblr-12481	794	18	process	process	NOUN
cblr-12481	794	19	that	that	PRON
cblr-12481	794	20	casts	cast	VERB
cblr-12481	794	21	them	they	PRON
cblr-12481	794	22	in	in	ADP
cblr-12481	794	23	terms	term	NOUN
cblr-12481	794	24	that	that	PRON
cblr-12481	794	25	are	be	AUX
cblr-12481	794	26	material	material	ADJ
cblr-12481	794	27	and	and	CCONJ
cblr-12481	794	28	measurable	measurable	ADJ
cblr-12481	794	29	.	.	PUNCT
cblr-12481	795	1	shareholders	shareholder	NOUN
cblr-12481	795	2	and	and	CCONJ
cblr-12481	795	3	stakeholders	stakeholder	NOUN
cblr-12481	795	4	seeking	seek	VERB
cblr-12481	795	5	to	to	PART
cblr-12481	795	6	make	make	VERB
cblr-12481	795	7	the	the	DET
cblr-12481	795	8	case	case	NOUN
cblr-12481	795	9	for	for	ADP
cblr-12481	795	10	esg	esg	NOUN
cblr-12481	795	11	materiality	materiality	NOUN
cblr-12481	795	12	have	have	VERB
cblr-12481	795	13	several	several	ADJ
cblr-12481	795	14	available	available	ADJ
cblr-12481	795	15	avenues	avenue	NOUN
cblr-12481	795	16	.	.	PUNCT
cblr-12481	796	1	first	first	ADV
cblr-12481	796	2	,	,	PUNCT
cblr-12481	796	3	they	they	PRON
cblr-12481	796	4	might	might	AUX
cblr-12481	796	5	lobby	lobby	VERB
cblr-12481	796	6	to	to	PART
cblr-12481	796	7	expand	expand	VERB
cblr-12481	796	8	the	the	DET
cblr-12481	796	9	types	type	NOUN
cblr-12481	796	10	of	of	ADP
cblr-12481	796	11	issues	issue	NOUN
cblr-12481	796	12	considered	consider	VERB
cblr-12481	796	13	financially	financially	ADV
cblr-12481	796	14	material	material	NOUN
cblr-12481	796	15	based	base	VERB
cblr-12481	796	16	on	on	ADP
cblr-12481	796	17	specific	specific	ADJ
cblr-12481	796	18	industry	industry	NOUN
cblr-12481	796	19	features	feature	NOUN
cblr-12481	796	20	.	.	PUNCT
cblr-12481	797	1	second	second	ADV
cblr-12481	797	2	,	,	PUNCT
cblr-12481	797	3	they	they	PRON
cblr-12481	797	4	might	might	AUX
cblr-12481	797	5	push	push	VERB
cblr-12481	797	6	a	a	DET
cblr-12481	797	7	legal	legal	ADJ
cblr-12481	797	8	interpretation	interpretation	NOUN
cblr-12481	797	9	of	of	ADP
cblr-12481	797	10	materiality	materiality	NOUN
cblr-12481	797	11	that	that	PRON
cblr-12481	797	12	captures	capture	VERB
cblr-12481	797	13	nonfinancial	nonfinancial	ADJ
cblr-12481	797	14	aspects	aspect	NOUN
cblr-12481	797	15	of	of	ADP
cblr-12481	797	16	corporate	corporate	ADJ
cblr-12481	797	17	performance	performance	NOUN
cblr-12481	797	18	in	in	ADP
cblr-12481	797	19	the	the	DET
cblr-12481	797	20	form	form	NOUN
cblr-12481	797	21	of	of	ADP
cblr-12481	797	22	“	"	PUNCT
cblr-12481	797	23	double	double	ADJ
cblr-12481	797	24	materiality	materiality	NOUN
cblr-12481	797	25	”	"	PUNCT
cblr-12481	797	26	or	or	CCONJ
cblr-12481	797	27	“	"	PUNCT
cblr-12481	797	28	dynamic	dynamic	ADJ
cblr-12481	797	29	materiality	materiality	NOUN
cblr-12481	797	30	.	.	PUNCT
cblr-12481	798	1	”138	”138	PROPN
cblr-12481	798	2	third	third	ADV
cblr-12481	798	3	,	,	PUNCT
cblr-12481	798	4	they	they	PRON
cblr-12481	798	5	might	might	AUX
cblr-12481	798	6	problematize	problematize	VERB
cblr-12481	798	7	the	the	DET
cblr-12481	798	8	“	"	PUNCT
cblr-12481	798	9	reasonable	reasonable	ADJ
cblr-12481	798	10	investor	investor	NOUN
cblr-12481	798	11	”	"	PUNCT
cblr-12481	798	12	standard	standard	NOUN
cblr-12481	798	13	by	by	ADP
cblr-12481	798	14	showing	show	VERB
cblr-12481	798	15	that	that	SCONJ
cblr-12481	798	16	“	"	PUNCT
cblr-12481	798	17	reasonable	reasonable	ADJ
cblr-12481	798	18	investors	investor	NOUN
cblr-12481	798	19	”	"	PUNCT
cblr-12481	798	20	are	be	AUX
cblr-12481	798	21	increasingly	increasingly	ADV
cblr-12481	798	22	concerned	concerned	ADJ
cblr-12481	798	23	with	with	ADP
cblr-12481	798	24	esg	esg	PROPN
cblr-12481	798	25	and	and	CCONJ
cblr-12481	798	26	therefore	therefore	ADV
cblr-12481	798	27	require	require	VERB
cblr-12481	798	28	mandatory	mandatory	ADJ
cblr-12481	798	29	disclosures	disclosure	NOUN
cblr-12481	798	30	corresponding	correspond	VERB
cblr-12481	798	31	with	with	ADP
cblr-12481	798	32	their	their	PRON
cblr-12481	798	33	respective	respective	ADJ
cblr-12481	798	34	prosocial	prosocial	ADJ
cblr-12481	798	35	objectives	objective	NOUN
cblr-12481	798	36	and	and	CCONJ
cblr-12481	798	37	agendas	agenda	NOUN
cblr-12481	798	38	.	.	PUNCT
cblr-12481	799	1	as	as	SCONJ
cblr-12481	799	2	esg	esg	PROPN
cblr-12481	799	3	materiality	materiality	NOUN
cblr-12481	799	4	is	be	AUX
cblr-12481	799	5	contested	contest	VERB
cblr-12481	799	6	and	and	CCONJ
cblr-12481	799	7	redefined	redefine	VERB
cblr-12481	799	8	,	,	PUNCT
cblr-12481	799	9	this	this	PRON
cblr-12481	799	10	has	have	VERB
cblr-12481	799	11	implications	implication	NOUN
cblr-12481	799	12	for	for	ADP
cblr-12481	799	13	information	information	NOUN
cblr-12481	799	14	that	that	SCONJ
cblr-12481	799	15	managers	manager	NOUN
cblr-12481	799	16	are	be	AUX
cblr-12481	799	17	under	under	ADP
cblr-12481	799	18	a	a	DET
cblr-12481	799	19	duty	duty	NOUN
cblr-12481	799	20	to	to	PART
cblr-12481	799	21	disclose	disclose	VERB
cblr-12481	799	22	,	,	PUNCT
cblr-12481	799	23	the	the	DET
cblr-12481	799	24	risks	risk	NOUN
cblr-12481	799	25	they	they	PRON
cblr-12481	799	26	must	must	AUX
cblr-12481	799	27	oversee	oversee	VERB
cblr-12481	799	28	,	,	PUNCT
cblr-12481	799	29	and	and	CCONJ
cblr-12481	799	30	the	the	DET
cblr-12481	799	31	statements	statement	NOUN
cblr-12481	799	32	and	and	CCONJ
cblr-12481	799	33	commitments	commitment	NOUN
cblr-12481	799	34	that	that	PRON
cblr-12481	799	35	are	be	AUX
cblr-12481	799	36	actionable	actionable	ADJ
cblr-12481	799	37	under	under	ADP
cblr-12481	799	38	shareholder	shareholder	NOUN
cblr-12481	799	39	suits	suit	NOUN
cblr-12481	799	40	.	.	PUNCT
cblr-12481	800	1	3	3	X
cblr-12481	800	2	.	.	X
cblr-12481	800	3	informing	inform	VERB
cblr-12481	800	4	materiality	materiality	NOUN
cblr-12481	800	5	through	through	ADP
cblr-12481	800	6	shareholders	shareholder	NOUN
cblr-12481	800	7	and	and	CCONJ
cblr-12481	800	8	stakeholders	stakeholder	NOUN
cblr-12481	800	9	technocracy	technocracy	NOUN
cblr-12481	800	10	overcomes	overcome	VERB
cblr-12481	800	11	the	the	DET
cblr-12481	800	12	challenge	challenge	NOUN
cblr-12481	800	13	of	of	ADP
cblr-12481	800	14	indeterminate	indeterminate	ADJ
cblr-12481	800	15	principals	principal	NOUN
cblr-12481	800	16	that	that	PRON
cblr-12481	800	17	stakeholderism	stakeholderism	NOUN
cblr-12481	800	18	has	have	AUX
cblr-12481	800	19	persistently	persistently	ADV
cblr-12481	800	20	encountered	encounter	VERB
cblr-12481	800	21	.	.	PUNCT
cblr-12481	801	1	it	it	PRON
cblr-12481	801	2	characterizes	characterize	VERB
cblr-12481	801	3	shareholders	shareholder	NOUN
cblr-12481	801	4	’	'	PUNCT
cblr-12481	801	5	and	and	CCONJ
cblr-12481	801	6	stakeholders	stakeholder	NOUN
cblr-12481	801	7	’	'	PUNCT
cblr-12481	801	8	role	role	NOUN
cblr-12481	801	9	in	in	ADP
cblr-12481	801	10	esg	esg	PROPN
cblr-12481	801	11	governance	governance	NOUN
cblr-12481	801	12	as	as	ADP
cblr-12481	801	13	informational	informational	ADJ
cblr-12481	801	14	rather	rather	ADV
cblr-12481	801	15	than	than	ADP
cblr-12481	801	16	political	political	ADJ
cblr-12481	801	17	.	.	PUNCT
cblr-12481	802	1	both	both	DET
cblr-12481	802	2	shareholders	shareholder	NOUN
cblr-12481	802	3	and	and	CCONJ
cblr-12481	802	4	stakeholders	stakeholder	NOUN
cblr-12481	802	5	are	be	AUX
cblr-12481	802	6	a	a	DET
cblr-12481	802	7	vital	vital	ADJ
cblr-12481	802	8	source	source	NOUN
cblr-12481	802	9	of	of	ADP
cblr-12481	802	10	information	information	NOUN
cblr-12481	802	11	for	for	ADP
cblr-12481	802	12	understanding	understand	VERB
cblr-12481	802	13	esg	esg	NOUN
cblr-12481	802	14	materiality	materiality	NOUN
cblr-12481	802	15	.	.	PUNCT
cblr-12481	803	1	in	in	ADP
cblr-12481	803	2	the	the	DET
cblr-12481	803	3	example	example	NOUN
cblr-12481	803	4	of	of	ADP
cblr-12481	803	5	the	the	DET
cblr-12481	803	6	covid	covid	PROPN
cblr-12481	803	7	pandemic	pandemic	PROPN
cblr-12481	803	8	,	,	PUNCT
cblr-12481	803	9	stavros	stavros	PROPN
cblr-12481	803	10	gadinis	gadinis	PROPN
cblr-12481	803	11	and	and	CCONJ
cblr-12481	803	12	amelia	amelia	PROPN
cblr-12481	803	13	miazad	miazad	PROPN
cblr-12481	803	14	elaborated	elaborate	VERB
cblr-12481	803	15	managers	manager	NOUN
cblr-12481	803	16	’	’	PART
cblr-12481	803	17	reliance	reliance	NOUN
cblr-12481	803	18	on	on	ADP
cblr-12481	803	19	stakeholders	stakeholder	NOUN
cblr-12481	803	20	to	to	PART
cblr-12481	803	21	gather	gather	VERB
cblr-12481	803	22	information	information	NOUN
cblr-12481	803	23	about	about	ADP
cblr-12481	803	24	work	work	NOUN
cblr-12481	803	25	practices.139	practices.139	NOUN
cblr-12481	803	26	a	a	DET
cblr-12481	803	27	review	review	NOUN
cblr-12481	803	28	of	of	ADP
cblr-12481	803	29	managers	manager	NOUN
cblr-12481	803	30	’	’	PART
cblr-12481	803	31	decision	decision	NOUN
cblr-12481	803	32	a	a	DET
cblr-12481	803	33	business	business	NOUN
cblr-12481	803	34	decision	decision	NOUN
cblr-12481	803	35	,	,	PUNCT
cblr-12481	803	36	of	of	ADP
cblr-12481	803	37	all	all	DET
cblr-12481	803	38	material	material	NOUN
cblr-12481	803	39	information	information	NOUN
cblr-12481	803	40	reasonably	reasonably	ADV
cblr-12481	803	41	available	available	ADJ
cblr-12481	803	42	to	to	ADP
cblr-12481	803	43	them	they	PRON
cblr-12481	803	44	”	"	PUNCT
cblr-12481	803	45	)	)	PUNCT
cblr-12481	803	46	.	.	PUNCT
cblr-12481	804	1	138	138	NUM
cblr-12481	804	2	see	see	VERB
cblr-12481	804	3	donato	donato	NOUN
cblr-12481	804	4	calace	calace	NOUN
cblr-12481	804	5	,	,	PUNCT
cblr-12481	804	6	double	double	ADJ
cblr-12481	804	7	and	and	CCONJ
cblr-12481	804	8	dynamic	dynamic	ADJ
cblr-12481	804	9	:	:	PUNCT
cblr-12481	804	10	understanding	understand	VERB
cblr-12481	804	11	the	the	DET
cblr-12481	804	12	changing	change	VERB
cblr-12481	804	13	perspectives	perspective	NOUN
cblr-12481	804	14	on	on	ADP
cblr-12481	804	15	materiality	materiality	NOUN
cblr-12481	804	16	,	,	PUNCT
cblr-12481	804	17	sasb	sasb	NOUN
cblr-12481	804	18	(	(	PUNCT
cblr-12481	804	19	sept	sept	PROPN
cblr-12481	804	20	.	.	PROPN
cblr-12481	804	21	2	2	NUM
cblr-12481	804	22	,	,	PUNCT
cblr-12481	804	23	2020	2020	NUM
cblr-12481	804	24	)	)	PUNCT
cblr-12481	804	25	,	,	PUNCT
cblr-12481	804	26	https://sasb.org/blog/double-and-dynamic-understanding-the-changing-perspectives-on-materiality/	https://sasb.org/blog/double-and-dynamic-understanding-the-changing-perspectives-on-materiality/	NOUN
cblr-12481	805	1	[	[	X
cblr-12481	805	2	https://perma.cc/jn8m-gnah	https://perma.cc/jn8m-gnah	X
cblr-12481	805	3	]	]	X
cblr-12481	805	4	.	.	PUNCT
cblr-12481	806	1	139	139	NUM
cblr-12481	806	2	stavros	stavros	PROPN
cblr-12481	806	3	gadinis	gadinis	PROPN
cblr-12481	806	4	&	&	CCONJ
cblr-12481	806	5	amelia	amelia	PROPN
cblr-12481	806	6	miazad	miazad	PROPN
cblr-12481	806	7	,	,	PUNCT
cblr-12481	806	8	a	a	DET
cblr-12481	806	9	test	test	NOUN
cblr-12481	806	10	of	of	ADP
cblr-12481	806	11	stakeholder	stakeholder	NOUN
cblr-12481	806	12	governance	governance	NOUN
cblr-12481	806	13	,	,	PUNCT
cblr-12481	806	14	47	47	NUM
cblr-12481	806	15	j.	j.	PROPN
cblr-12481	806	16	corp	corp	PROPN
cblr-12481	806	17	.	.	PROPN
cblr-12481	806	18	l.	l.	PROPN
cblr-12481	806	19	47	47	NUM
cblr-12481	806	20	,	,	PUNCT
cblr-12481	806	21	56	56	NUM
cblr-12481	806	22	(	(	PUNCT
cblr-12481	806	23	2021	2021	NUM
cblr-12481	806	24	)	)	PUNCT
cblr-12481	806	25	.	.	PUNCT
cblr-12481	807	1	878	878	NUM
cblr-12481	807	2	columbia	columbia	PROPN
cblr-12481	807	3	business	business	NOUN
cblr-12481	807	4	law	law	PROPN
cblr-12481	807	5	review	review	NOUN
cblr-12481	807	6	[	[	X
cblr-12481	807	7	vol	vol	NOUN
cblr-12481	807	8	.	.	PUNCT
cblr-12481	807	9	2023	2023	NUM
cblr-12481	807	10	making	making	NOUN
cblr-12481	807	11	during	during	ADP
cblr-12481	807	12	the	the	DET
cblr-12481	807	13	covid-19	covid-19	PROPN
cblr-12481	807	14	pandemic	pandemic	NOUN
cblr-12481	807	15	found	find	VERB
cblr-12481	807	16	that	that	SCONJ
cblr-12481	807	17	companies	company	NOUN
cblr-12481	807	18	relied	rely	VERB
cblr-12481	807	19	on	on	ADP
cblr-12481	807	20	stakeholders	stakeholder	NOUN
cblr-12481	807	21	to	to	PART
cblr-12481	807	22	derive	derive	VERB
cblr-12481	807	23	information	information	NOUN
cblr-12481	807	24	concerning	concern	VERB
cblr-12481	807	25	social	social	ADJ
cblr-12481	807	26	issues	issue	NOUN
cblr-12481	807	27	that	that	PRON
cblr-12481	807	28	fell	fall	VERB
cblr-12481	807	29	outside	outside	ADP
cblr-12481	807	30	the	the	DET
cblr-12481	807	31	scope	scope	NOUN
cblr-12481	807	32	of	of	ADP
cblr-12481	807	33	ordinary	ordinary	ADJ
cblr-12481	807	34	monitoring	monitoring	NOUN
cblr-12481	807	35	systems	system	NOUN
cblr-12481	807	36	.	.	PUNCT
cblr-12481	808	1	while	while	SCONJ
cblr-12481	808	2	gadinis	gadini	NOUN
cblr-12481	808	3	and	and	CCONJ
cblr-12481	808	4	miazad	miazad	VERB
cblr-12481	808	5	convincingly	convincingly	ADV
cblr-12481	808	6	advance	advance	VERB
cblr-12481	808	7	the	the	DET
cblr-12481	808	8	value	value	NOUN
cblr-12481	808	9	of	of	ADP
cblr-12481	808	10	stakeholders	stakeholder	NOUN
cblr-12481	808	11	as	as	ADP
cblr-12481	808	12	a	a	DET
cblr-12481	808	13	source	source	NOUN
cblr-12481	808	14	of	of	ADP
cblr-12481	808	15	risk	risk	NOUN
cblr-12481	808	16	-	-	PUNCT
cblr-12481	808	17	management	management	NOUN
cblr-12481	808	18	,	,	PUNCT
cblr-12481	808	19	their	their	PRON
cblr-12481	808	20	claim	claim	NOUN
cblr-12481	808	21	that	that	SCONJ
cblr-12481	808	22	this	this	DET
cblr-12481	808	23	systematized	systematize	VERB
cblr-12481	808	24	stakeholder	stakeholder	NOUN
cblr-12481	808	25	governance	governance	NOUN
cblr-12481	808	26	creates	create	VERB
cblr-12481	808	27	mechanisms	mechanism	NOUN
cblr-12481	808	28	of	of	ADP
cblr-12481	808	29	accountability	accountability	NOUN
cblr-12481	808	30	between	between	ADP
cblr-12481	808	31	managers	manager	NOUN
cblr-12481	808	32	and	and	CCONJ
cblr-12481	808	33	stakeholders	stakeholder	NOUN
cblr-12481	808	34	is	be	AUX
cblr-12481	808	35	unsubstantiated	unsubstantiate	VERB
cblr-12481	808	36	.	.	PUNCT
cblr-12481	809	1	under	under	ADP
cblr-12481	809	2	controlling	control	VERB
cblr-12481	809	3	doctrine	doctrine	NOUN
cblr-12481	809	4	and	and	CCONJ
cblr-12481	809	5	established	establish	VERB
cblr-12481	809	6	governance	governance	NOUN
cblr-12481	809	7	procedures	procedure	NOUN
cblr-12481	809	8	,	,	PUNCT
cblr-12481	809	9	shareholders	shareholder	NOUN
cblr-12481	809	10	remain	remain	VERB
cblr-12481	809	11	managers	manager	NOUN
cblr-12481	809	12	’	'	PUNCT
cblr-12481	809	13	sole	sole	ADJ
cblr-12481	809	14	principals	principal	NOUN
cblr-12481	809	15	and	and	CCONJ
cblr-12481	809	16	the	the	DET
cblr-12481	809	17	only	only	ADJ
cblr-12481	809	18	stakeholders	stakeholder	NOUN
cblr-12481	809	19	wielding	wield	VERB
cblr-12481	809	20	levers	lever	NOUN
cblr-12481	809	21	of	of	ADP
cblr-12481	809	22	accountability	accountability	NOUN
cblr-12481	809	23	over	over	ADP
cblr-12481	809	24	them	they	PRON
cblr-12481	809	25	.	.	PUNCT
cblr-12481	810	1	stakeholders	stakeholder	NOUN
cblr-12481	810	2	(	(	PUNCT
cblr-12481	810	3	shareholders	shareholder	NOUN
cblr-12481	810	4	included	include	VERB
cblr-12481	810	5	)	)	PUNCT
cblr-12481	810	6	may	may	AUX
cblr-12481	810	7	be	be	AUX
cblr-12481	810	8	more	more	ADV
cblr-12481	810	9	accurately	accurately	ADV
cblr-12481	810	10	characterized	characterize	VERB
cblr-12481	810	11	as	as	ADP
cblr-12481	810	12	a	a	DET
cblr-12481	810	13	source	source	NOUN
cblr-12481	810	14	of	of	ADP
cblr-12481	810	15	information	information	NOUN
cblr-12481	810	16	,	,	PUNCT
cblr-12481	810	17	while	while	SCONJ
cblr-12481	810	18	shareholders	shareholder	NOUN
cblr-12481	810	19	alone	alone	ADV
cblr-12481	810	20	hold	hold	VERB
cblr-12481	810	21	protected	protect	VERB
cblr-12481	810	22	powers	power	NOUN
cblr-12481	810	23	to	to	PART
cblr-12481	810	24	keep	keep	VERB
cblr-12481	810	25	managerial	managerial	ADJ
cblr-12481	810	26	rent	rent	NOUN
cblr-12481	810	27	-	-	PUNCT
cblr-12481	810	28	seeking	seeking	NOUN
cblr-12481	810	29	at	at	ADP
cblr-12481	810	30	bay	bay	NOUN
cblr-12481	810	31	.	.	PUNCT
cblr-12481	811	1	from	from	ADP
cblr-12481	811	2	this	this	DET
cblr-12481	811	3	perspective	perspective	NOUN
cblr-12481	811	4	,	,	PUNCT
cblr-12481	811	5	procedures	procedure	NOUN
cblr-12481	811	6	that	that	PRON
cblr-12481	811	7	are	be	AUX
cblr-12481	811	8	typically	typically	ADV
cblr-12481	811	9	considered	consider	VERB
cblr-12481	811	10	instruments	instrument	NOUN
cblr-12481	811	11	of	of	ADP
cblr-12481	811	12	“	"	PUNCT
cblr-12481	811	13	shareholder	shareholder	NOUN
cblr-12481	811	14	democracy	democracy	NOUN
cblr-12481	811	15	,	,	PUNCT
cblr-12481	811	16	”	"	PUNCT
cblr-12481	811	17	such	such	ADJ
cblr-12481	811	18	as	as	ADP
cblr-12481	811	19	shareholder	shareholder	NOUN
cblr-12481	811	20	proposals	proposal	NOUN
cblr-12481	811	21	,	,	PUNCT
cblr-12481	811	22	might	might	AUX
cblr-12481	811	23	instead	instead	ADV
cblr-12481	811	24	be	be	AUX
cblr-12481	811	25	understood	understand	VERB
cblr-12481	811	26	and	and	CCONJ
cblr-12481	811	27	leveraged	leverage	VERB
cblr-12481	811	28	as	as	ADP
cblr-12481	811	29	a	a	DET
cblr-12481	811	30	channel	channel	NOUN
cblr-12481	811	31	of	of	ADP
cblr-12481	811	32	information	information	NOUN
cblr-12481	811	33	for	for	SCONJ
cblr-12481	811	34	managers	manager	NOUN
cblr-12481	811	35	to	to	PART
cblr-12481	811	36	interpret	interpret	VERB
cblr-12481	811	37	what	what	PRON
cblr-12481	811	38	is	be	AUX
cblr-12481	811	39	“	"	PUNCT
cblr-12481	811	40	material	material	NOUN
cblr-12481	811	41	”	"	PUNCT
cblr-12481	811	42	to	to	ADP
cblr-12481	811	43	corporate	corporate	ADJ
cblr-12481	811	44	purpose.140	purpose.140	ADJ
cblr-12481	811	45	shareholder	shareholder	NOUN
cblr-12481	811	46	proposals141	proposals141	NOUN
cblr-12481	811	47	provide	provide	VERB
cblr-12481	811	48	information	information	NOUN
cblr-12481	811	49	concerning	concern	VERB
cblr-12481	811	50	shareholder	shareholder	NOUN
cblr-12481	811	51	expectations	expectation	NOUN
cblr-12481	811	52	which	which	PRON
cblr-12481	811	53	might	might	AUX
cblr-12481	811	54	signal	signal	VERB
cblr-12481	811	55	matters	matter	NOUN
cblr-12481	811	56	of	of	ADP
cblr-12481	811	57	emerging	emerge	VERB
cblr-12481	811	58	materiality.142	materiality.142	PROPN
cblr-12481	811	59	instead	instead	ADV
cblr-12481	811	60	of	of	ADP
cblr-12481	811	61	liberalizing	liberalize	VERB
cblr-12481	811	62	rule	rule	NOUN
cblr-12481	811	63	14a-8	14a-8	NUM
cblr-12481	811	64	’s	’s	PART
cblr-12481	811	65	“	"	PUNCT
cblr-12481	811	66	ordinary	ordinary	ADJ
cblr-12481	811	67	business	business	NOUN
cblr-12481	811	68	140	140	NUM
cblr-12481	811	69	the	the	DET
cblr-12481	811	70	current	current	ADJ
cblr-12481	811	71	version	version	NOUN
cblr-12481	811	72	of	of	ADP
cblr-12481	811	73	sec	sec	PROPN
cblr-12481	811	74	rule	rule	NOUN
cblr-12481	811	75	14a-8	14a-8	NUM
cblr-12481	811	76	allows	allow	VERB
cblr-12481	811	77	shareholders	shareholder	NOUN
cblr-12481	811	78	meeting	meet	VERB
cblr-12481	811	79	certain	certain	ADJ
cblr-12481	811	80	requirements	requirement	NOUN
cblr-12481	811	81	to	to	PART
cblr-12481	811	82	include	include	VERB
cblr-12481	811	83	concise	concise	ADJ
cblr-12481	811	84	proposals	proposal	NOUN
cblr-12481	811	85	on	on	ADP
cblr-12481	811	86	a	a	DET
cblr-12481	811	87	variety	variety	NOUN
cblr-12481	811	88	of	of	ADP
cblr-12481	811	89	issues	issue	NOUN
cblr-12481	811	90	in	in	ADP
cblr-12481	811	91	a	a	DET
cblr-12481	811	92	company	company	NOUN
cblr-12481	811	93	’s	’s	PART
cblr-12481	811	94	proxy	proxy	ADJ
cblr-12481	811	95	statement	statement	NOUN
cblr-12481	811	96	.	.	PUNCT
cblr-12481	812	1	shareholders	shareholder	NOUN
cblr-12481	812	2	then	then	ADV
cblr-12481	812	3	vote	vote	VERB
cblr-12481	812	4	on	on	ADP
cblr-12481	812	5	proxy	proxy	ADJ
cblr-12481	812	6	proposals	proposal	NOUN
cblr-12481	812	7	at	at	ADP
cblr-12481	812	8	a	a	DET
cblr-12481	812	9	company	company	NOUN
cblr-12481	812	10	’s	’s	PART
cblr-12481	812	11	annual	annual	ADJ
cblr-12481	812	12	meeting	meeting	NOUN
cblr-12481	812	13	.	.	PUNCT
cblr-12481	813	1	17	17	NUM
cblr-12481	813	2	c.f.r	c.f.r	NOUN
cblr-12481	813	3	.	.	PUNCT
cblr-12481	814	1	§	§	PROPN
cblr-12481	814	2	240.14a–8	240.14a–8	PROPN
cblr-12481	814	3	.	.	PUNCT
cblr-12481	815	1	various	various	ADJ
cblr-12481	815	2	interpretations	interpretation	NOUN
cblr-12481	815	3	of	of	ADP
cblr-12481	815	4	rule	rule	NOUN
cblr-12481	815	5	14a-8	14a-8	NUM
cblr-12481	815	6	have	have	AUX
cblr-12481	815	7	limited	limit	VERB
cblr-12481	815	8	or	or	CCONJ
cblr-12481	815	9	expanded	expand	VERB
cblr-12481	815	10	who	who	PRON
cblr-12481	815	11	may	may	AUX
cblr-12481	815	12	submit	submit	VERB
cblr-12481	815	13	a	a	DET
cblr-12481	815	14	proposal	proposal	NOUN
cblr-12481	815	15	and	and	CCONJ
cblr-12481	815	16	what	what	DET
cblr-12481	815	17	subjects	subject	NOUN
cblr-12481	815	18	may	may	AUX
cblr-12481	815	19	be	be	AUX
cblr-12481	815	20	included	include	VERB
cblr-12481	815	21	.	.	PUNCT
cblr-12481	816	1	eligibility	eligibility	NOUN
cblr-12481	816	2	to	to	PART
cblr-12481	816	3	submit	submit	VERB
cblr-12481	816	4	a	a	DET
cblr-12481	816	5	proposal	proposal	NOUN
cblr-12481	816	6	is	be	AUX
cblr-12481	816	7	based	base	VERB
cblr-12481	816	8	on	on	ADP
cblr-12481	816	9	a	a	DET
cblr-12481	816	10	minimum	minimum	ADJ
cblr-12481	816	11	equity	equity	NOUN
cblr-12481	816	12	stake	stake	NOUN
cblr-12481	816	13	and	and	CCONJ
cblr-12481	816	14	holding	hold	VERB
cblr-12481	816	15	duration	duration	NOUN
cblr-12481	816	16	.	.	PUNCT
cblr-12481	817	1	17	17	NUM
cblr-12481	817	2	c.f.r	c.f.r	NOUN
cblr-12481	817	3	.	.	PUNCT
cblr-12481	818	1	§	§	PROPN
cblr-12481	818	2	240.14a–8(b	240.14a–8(b	PROPN
cblr-12481	818	3	)	)	PUNCT
cblr-12481	818	4	.	.	PUNCT
cblr-12481	819	1	141	141	NUM
cblr-12481	819	2	see	see	NOUN
cblr-12481	819	3	,	,	PUNCT
cblr-12481	819	4	e.g.	e.g.	ADV
cblr-12481	819	5	,	,	PUNCT
cblr-12481	819	6	sanford	sanford	PROPN
cblr-12481	819	7	lewis	lewis	PROPN
cblr-12481	819	8	,	,	PUNCT
cblr-12481	819	9	analysis	analysis	NOUN
cblr-12481	819	10	and	and	CCONJ
cblr-12481	819	11	recommendations	recommendation	NOUN
cblr-12481	819	12	on	on	ADP
cblr-12481	819	13	shareholder	shareholder	NOUN
cblr-12481	819	14	proposal	proposal	NOUN
cblr-12481	819	15	decision	decision	NOUN
cblr-12481	819	16	-	-	PUNCT
cblr-12481	819	17	making	making	NOUN
cblr-12481	819	18	under	under	ADP
cblr-12481	819	19	the	the	DET
cblr-12481	819	20	sec	sec	PROPN
cblr-12481	819	21	no	no	DET
cblr-12481	819	22	-	-	PUNCT
cblr-12481	819	23	action	action	NOUN
cblr-12481	819	24	process	process	NOUN
cblr-12481	819	25	,	,	PUNCT
cblr-12481	819	26	harv	harv	PROPN
cblr-12481	819	27	.	.	PUNCT
cblr-12481	820	1	l.	l.	PROPN
cblr-12481	820	2	sch	sch	PROPN
cblr-12481	820	3	.	.	PUNCT
cblr-12481	821	1	f.	f.	PROPN
cblr-12481	821	2	on	on	ADP
cblr-12481	821	3	corp	corp	PROPN
cblr-12481	821	4	.	.	PROPN
cblr-12481	821	5	governance	governance	PROPN
cblr-12481	821	6	(	(	PUNCT
cblr-12481	821	7	jul	jul	PROPN
cblr-12481	821	8	.	.	PROPN
cblr-12481	821	9	26	26	NUM
cblr-12481	821	10	,	,	PUNCT
cblr-12481	821	11	2018	2018	NUM
cblr-12481	821	12	)	)	PUNCT
cblr-12481	821	13	,	,	PUNCT
cblr-12481	821	14	https://corpgov.law.harvard.edu/2018/07/26/analysis-and-recommendations-on-shareholder-proposal-decision-making-under-the-sec-no-action-process/	https://corpgov.law.harvard.edu/2018/07/26/analysis-and-recommendations-on-shareholder-proposal-decision-making-under-the-sec-no-action-process/	NOUN
cblr-12481	822	1	[	[	X
cblr-12481	822	2	https://perma.cc/ncq4-99ne	https://perma.cc/ncq4-99ne	NOUN
cblr-12481	822	3	]	]	PUNCT
cblr-12481	822	4	.	.	PUNCT
cblr-12481	823	1	142	142	NUM
cblr-12481	823	2	see	see	VERB
cblr-12481	823	3	,	,	PUNCT
cblr-12481	823	4	e.g.	e.g.	ADV
cblr-12481	823	5	,	,	PUNCT
cblr-12481	823	6	“	"	PUNCT
cblr-12481	823	7	just	just	ADV
cblr-12481	823	8	vote	vote	VERB
cblr-12481	823	9	no	no	DET
cblr-12481	823	10	”	"	PUNCT
cblr-12481	823	11	campaigns	campaign	NOUN
cblr-12481	823	12	in	in	ADP
cblr-12481	823	13	uncontested	uncontested	ADJ
cblr-12481	823	14	director	director	NOUN
cblr-12481	823	15	elections	election	NOUN
cblr-12481	823	16	–	–	PUNCT
cblr-12481	823	17	renewed	renew	VERB
cblr-12481	823	18	vitality	vitality	NOUN
cblr-12481	823	19	for	for	ADP
cblr-12481	823	20	the	the	DET
cblr-12481	823	21	2010	2010	NUM
cblr-12481	823	22	proxy	proxy	NOUN
cblr-12481	823	23	season	season	NOUN
cblr-12481	823	24	,	,	PUNCT
cblr-12481	823	25	willkie	willkie	PROPN
cblr-12481	823	26	farr	farr	PROPN
cblr-12481	823	27	&	&	CCONJ
cblr-12481	823	28	gallagher	gallagher	PROPN
cblr-12481	823	29	llp	llp	PROPN
cblr-12481	823	30	,	,	PUNCT
cblr-12481	823	31	https://www.willkie.com/-/media/files/publications/2009/09/just-vote-no-campaigns-in-uncontested-directore__/files/just-vote-no-campaignspdf/fileattachment/just-vote-no-campaigns.pdf	https://www.willkie.com/-/media/files/publications/2009/09/just-vote-no-campaigns-in-uncontested-directore__/files/just-vote-no-campaignspdf/fileattachment/just-vote-no-campaigns.pdf	VERB
cblr-12481	824	1	[	[	X
cblr-12481	824	2	https://perma.cc/xt84-g45y	https://perma.cc/xt84-g45y	X
cblr-12481	824	3	]	]	X
cblr-12481	824	4	(	(	PUNCT
cblr-12481	824	5	last	last	ADV
cblr-12481	824	6	visited	visit	VERB
cblr-12481	824	7	nov	nov	PROPN
cblr-12481	824	8	.	.	PROPN
cblr-12481	824	9	3	3	NUM
cblr-12481	824	10	,	,	PUNCT
cblr-12481	824	11	2023	2023	NUM
cblr-12481	824	12	)	)	PUNCT
cblr-12481	824	13	.	.	PUNCT
cblr-12481	825	1	no	no	INTJ
cblr-12481	825	2	.	.	NOUN
cblr-12481	826	1	2	2	NUM
cblr-12481	826	2	]	]	X
cblr-12481	826	3	corporate	corporate	ADJ
cblr-12481	826	4	technocracy	technocracy	NOUN
cblr-12481	826	5	879	879	NUM
cblr-12481	826	6	exclusion	exclusion	NOUN
cblr-12481	826	7	,	,	PUNCT
cblr-12481	826	8	”	"	PUNCT
cblr-12481	826	9	,	,	PUNCT
cblr-12481	826	10	as	as	SCONJ
cblr-12481	826	11	the	the	DET
cblr-12481	826	12	sec	sec	PROPN
cblr-12481	826	13	recently	recently	ADV
cblr-12481	826	14	did	do	VERB
cblr-12481	826	15	in	in	ADP
cblr-12481	826	16	slb	slb	PROPN
cblr-12481	826	17	14l	14l	PROPN
cblr-12481	826	18	,	,	PUNCT
cblr-12481	826	19	143	143	NUM
cblr-12481	826	20	the	the	DET
cblr-12481	826	21	exclusion	exclusion	NOUN
cblr-12481	826	22	should	should	AUX
cblr-12481	826	23	be	be	AUX
cblr-12481	826	24	preserved	preserve	VERB
cblr-12481	826	25	as	as	ADP
cblr-12481	826	26	an	an	DET
cblr-12481	826	27	important	important	ADJ
cblr-12481	826	28	lever	lever	NOUN
cblr-12481	826	29	in	in	ADP
cblr-12481	826	30	the	the	DET
cblr-12481	826	31	balance	balance	NOUN
cblr-12481	826	32	of	of	ADP
cblr-12481	826	33	power	power	NOUN
cblr-12481	826	34	between	between	ADP
cblr-12481	826	35	shareholders	shareholder	NOUN
cblr-12481	826	36	and	and	CCONJ
cblr-12481	826	37	managers144	managers144	PROPN
cblr-12481	826	38	by	by	ADP
cblr-12481	826	39	keeping	keep	VERB
cblr-12481	826	40	ordinary	ordinary	ADJ
cblr-12481	826	41	business	business	NOUN
cblr-12481	826	42	decisions	decision	NOUN
cblr-12481	826	43	in	in	ADP
cblr-12481	826	44	the	the	DET
cblr-12481	826	45	hands	hand	NOUN
cblr-12481	826	46	of	of	ADP
cblr-12481	826	47	managers	manager	NOUN
cblr-12481	826	48	and	and	CCONJ
cblr-12481	826	49	the	the	DET
cblr-12481	826	50	board	board	NOUN
cblr-12481	826	51	of	of	ADP
cblr-12481	826	52	directors	director	NOUN
cblr-12481	826	53	,	,	PUNCT
cblr-12481	826	54	while	while	SCONJ
cblr-12481	826	55	allowing	allow	VERB
cblr-12481	826	56	shareholders	shareholder	NOUN
cblr-12481	826	57	to	to	PART
cblr-12481	826	58	provide	provide	VERB
cblr-12481	826	59	high	high	ADJ
cblr-12481	826	60	-	-	PUNCT
cblr-12481	826	61	level	level	NOUN
cblr-12481	826	62	strategic	strategic	ADJ
cblr-12481	826	63	direction	direction	NOUN
cblr-12481	826	64	while	while	SCONJ
cblr-12481	826	65	avoiding	avoid	VERB
cblr-12481	826	66	micromanagement.145	micromanagement.145	NOUN
cblr-12481	826	67	the	the	DET
cblr-12481	826	68	rule	rule	NOUN
cblr-12481	826	69	’s	’s	PART
cblr-12481	826	70	previous	previous	ADJ
cblr-12481	826	71	ordinary	ordinary	ADJ
cblr-12481	826	72	business	business	NOUN
cblr-12481	826	73	exclusion	exclusion	NOUN
cblr-12481	826	74	prevented	prevent	VERB
cblr-12481	826	75	shareholders	shareholder	NOUN
cblr-12481	826	76	from	from	ADP
cblr-12481	826	77	submitting	submit	VERB
cblr-12481	826	78	proposals	proposal	NOUN
cblr-12481	826	79	pertaining	pertain	VERB
cblr-12481	826	80	to	to	ADP
cblr-12481	826	81	a	a	DET
cblr-12481	826	82	company	company	NOUN
cblr-12481	826	83	’s	’s	PART
cblr-12481	826	84	“	"	PUNCT
cblr-12481	826	85	ordinary	ordinary	ADJ
cblr-12481	826	86	business	business	NOUN
cblr-12481	826	87	”	"	PUNCT
cblr-12481	826	88	and	and	CCONJ
cblr-12481	826	89	included	include	VERB
cblr-12481	826	90	a	a	DET
cblr-12481	826	91	nexus	nexus	NOUN
cblr-12481	826	92	requirement	requirement	NOUN
cblr-12481	826	93	that	that	PRON
cblr-12481	826	94	considered	consider	VERB
cblr-12481	826	95	the	the	DET
cblr-12481	826	96	significance	significance	NOUN
cblr-12481	826	97	of	of	ADP
cblr-12481	826	98	a	a	DET
cblr-12481	826	99	social	social	ADJ
cblr-12481	826	100	policy	policy	NOUN
cblr-12481	826	101	issue	issue	NOUN
cblr-12481	826	102	to	to	ADP
cblr-12481	826	103	a	a	DET
cblr-12481	826	104	specific	specific	ADJ
cblr-12481	826	105	company.146	company.146	NOUN
cblr-12481	826	106	in	in	ADP
cblr-12481	826	107	place	place	NOUN
cblr-12481	826	108	of	of	ADP
cblr-12481	826	109	the	the	DET
cblr-12481	826	110	nexus	nexus	NOUN
cblr-12481	826	111	requirement	requirement	NOUN
cblr-12481	826	112	,	,	PUNCT
cblr-12481	826	113	slb	slb	PROPN
cblr-12481	826	114	14l	14l	PROPN
cblr-12481	826	115	stipulated	stipulate	VERB
cblr-12481	826	116	that	that	SCONJ
cblr-12481	826	117	sec	sec	PROPN
cblr-12481	826	118	staff	staff	NOUN
cblr-12481	826	119	would	would	AUX
cblr-12481	826	120	instead	instead	ADV
cblr-12481	826	121	focus	focus	VERB
cblr-12481	826	122	on	on	ADP
cblr-12481	826	123	“	"	PUNCT
cblr-12481	826	124	the	the	DET
cblr-12481	826	125	social	social	ADJ
cblr-12481	826	126	policy	policy	NOUN
cblr-12481	826	127	significance	significance	NOUN
cblr-12481	826	128	of	of	ADP
cblr-12481	826	129	the	the	DET
cblr-12481	826	130	issue	issue	NOUN
cblr-12481	826	131	that	that	PRON
cblr-12481	826	132	is	be	AUX
cblr-12481	826	133	the	the	DET
cblr-12481	826	134	subject	subject	NOUN
cblr-12481	826	135	of	of	ADP
cblr-12481	826	136	the	the	DET
cblr-12481	826	137	shareholder	shareholder	NOUN
cblr-12481	826	138	proposal	proposal	NOUN
cblr-12481	826	139	.	.	PUNCT
cblr-12481	827	1	”147	”147	PROPN
cblr-12481	828	1	current	current	ADJ
cblr-12481	828	2	sec	sec	PROPN
cblr-12481	828	3	interpretation	interpretation	NOUN
cblr-12481	828	4	recognizes	recognize	VERB
cblr-12481	828	5	“	"	PUNCT
cblr-12481	828	6	that	that	SCONJ
cblr-12481	828	7	proposals	proposal	NOUN
cblr-12481	828	8	seeking	seek	VERB
cblr-12481	828	9	detail	detail	NOUN
cblr-12481	828	10	or	or	CCONJ
cblr-12481	828	11	seeking	seek	VERB
cblr-12481	828	12	to	to	PART
cblr-12481	828	13	promote	promote	VERB
cblr-12481	828	14	timeframes	timeframe	NOUN
cblr-12481	828	15	or	or	CCONJ
cblr-12481	828	16	methods	method	NOUN
cblr-12481	828	17	do	do	AUX
cblr-12481	828	18	not	not	PART
cblr-12481	828	19	per	per	ADP
cblr-12481	828	20	se	se	X
cblr-12481	828	21	constitute	constitute	VERB
cblr-12481	828	22	micromanagement	micromanagement	NOUN
cblr-12481	828	23	”	"	PUNCT
cblr-12481	828	24	and	and	CCONJ
cblr-12481	828	25	instead	instead	ADV
cblr-12481	828	26	focuses	focus	VERB
cblr-12481	828	27	on	on	ADP
cblr-12481	828	28	“	"	PUNCT
cblr-12481	828	29	the	the	DET
cblr-12481	828	30	level	level	NOUN
cblr-12481	828	31	of	of	ADP
cblr-12481	828	32	granularity	granularity	NOUN
cblr-12481	828	33	sought	seek	VERB
cblr-12481	828	34	in	in	ADP
cblr-12481	828	35	the	the	DET
cblr-12481	828	36	proposal	proposal	NOUN
cblr-12481	828	37	and	and	CCONJ
cblr-12481	828	38	whether	whether	SCONJ
cblr-12481	828	39	and	and	CCONJ
cblr-12481	828	40	to	to	ADP
cblr-12481	828	41	what	what	DET
cblr-12481	828	42	extent	extent	NOUN
cblr-12481	828	43	it	it	PRON
cblr-12481	828	44	inappropriately	inappropriately	ADV
cblr-12481	828	45	limits	limit	VERB
cblr-12481	828	46	discretion	discretion	NOUN
cblr-12481	828	47	of	of	ADP
cblr-12481	828	48	the	the	DET
cblr-12481	828	49	board	board	NOUN
cblr-12481	828	50	or	or	CCONJ
cblr-12481	828	51	management	management	NOUN
cblr-12481	828	52	.	.	PUNCT
cblr-12481	828	53	”148	”148	PUNCT
cblr-12481	829	1	the	the	DET
cblr-12481	829	2	143	143	NUM
cblr-12481	829	3	sec	sec	PROPN
cblr-12481	829	4	legal	legal	ADJ
cblr-12481	829	5	bulletin	bulletin	NOUN
cblr-12481	829	6	,	,	PUNCT
cblr-12481	829	7	supra	supra	PROPN
cblr-12481	829	8	note	note	NOUN
cblr-12481	829	9	66	66	NUM
cblr-12481	829	10	.	.	PUNCT
cblr-12481	830	1	144	144	NUM
cblr-12481	830	2	see	see	NOUN
cblr-12481	830	3	,	,	PUNCT
cblr-12481	830	4	e.g.	e.g.	ADV
cblr-12481	830	5	,	,	PUNCT
cblr-12481	830	6	stephen	stephen	PROPN
cblr-12481	830	7	m.	m.	PROPN
cblr-12481	830	8	bainbridge	bainbridge	PROPN
cblr-12481	830	9	,	,	PUNCT
cblr-12481	830	10	revitalizing	revitalize	VERB
cblr-12481	830	11	sec	sec	PROPN
cblr-12481	830	12	rule	rule	NOUN
cblr-12481	830	13	14a-8	14a-8	NUM
cblr-12481	830	14	’s	’s	PART
cblr-12481	830	15	ordinary	ordinary	ADJ
cblr-12481	830	16	business	business	NOUN
cblr-12481	830	17	exclusion	exclusion	NOUN
cblr-12481	830	18	:	:	PUNCT
cblr-12481	830	19	preventing	prevent	VERB
cblr-12481	830	20	shareholder	shareholder	NOUN
cblr-12481	830	21	micromanagement	micromanagement	NOUN
cblr-12481	830	22	by	by	ADP
cblr-12481	830	23	proposal	proposal	NOUN
cblr-12481	830	24	,	,	PUNCT
cblr-12481	830	25	85	85	NUM
cblr-12481	830	26	fordham	fordham	PROPN
cblr-12481	830	27	l.	l.	PROPN
cblr-12481	830	28	rev	rev	PROPN
cblr-12481	830	29	.	.	PROPN
cblr-12481	830	30	705	705	NUM
cblr-12481	830	31	,	,	PUNCT
cblr-12481	830	32	718–19	718–19	NUM
cblr-12481	830	33	(	(	PUNCT
cblr-12481	830	34	2016	2016	NUM
cblr-12481	830	35	)	)	PUNCT
cblr-12481	830	36	.	.	PUNCT
cblr-12481	831	1	145	145	NUM
cblr-12481	831	2	trinity	trinity	PROPN
cblr-12481	831	3	wall	wall	PROPN
cblr-12481	831	4	st	st	PROPN
cblr-12481	831	5	.	.	PROPN
cblr-12481	831	6	v.	v.	ADP
cblr-12481	831	7	wal	wal	PROPN
cblr-12481	831	8	-	-	PROPN
cblr-12481	831	9	mart	mart	PROPN
cblr-12481	831	10	stores	store	NOUN
cblr-12481	831	11	set	set	VERB
cblr-12481	831	12	out	out	ADP
cblr-12481	831	13	a	a	DET
cblr-12481	831	14	two	two	NUM
cblr-12481	831	15	-	-	PUNCT
cblr-12481	831	16	step	step	NOUN
cblr-12481	831	17	analysis	analysis	NOUN
cblr-12481	831	18	for	for	ADP
cblr-12481	831	19	determining	determine	VERB
cblr-12481	831	20	whether	whether	SCONJ
cblr-12481	831	21	managers	manager	NOUN
cblr-12481	831	22	can	can	AUX
cblr-12481	831	23	exclude	exclude	VERB
cblr-12481	831	24	a	a	DET
cblr-12481	831	25	shareholder	shareholder	NOUN
cblr-12481	831	26	proposal	proposal	NOUN
cblr-12481	831	27	from	from	ADP
cblr-12481	831	28	a	a	DET
cblr-12481	831	29	proxy	proxy	ADJ
cblr-12481	831	30	statement	statement	NOUN
cblr-12481	831	31	.	.	PUNCT
cblr-12481	832	1	first	first	ADV
cblr-12481	832	2	,	,	PUNCT
cblr-12481	832	3	a	a	DET
cblr-12481	832	4	court	court	NOUN
cblr-12481	832	5	considers	consider	VERB
cblr-12481	832	6	whether	whether	SCONJ
cblr-12481	832	7	a	a	DET
cblr-12481	832	8	proposal	proposal	NOUN
cblr-12481	832	9	“	"	PUNCT
cblr-12481	832	10	deals	deal	NOUN
cblr-12481	832	11	with	with	ADP
cblr-12481	832	12	a	a	DET
cblr-12481	832	13	matter	matter	NOUN
cblr-12481	832	14	relating	relate	VERB
cblr-12481	832	15	to	to	ADP
cblr-12481	832	16	the	the	DET
cblr-12481	832	17	company	company	NOUN
cblr-12481	832	18	’s	’s	PART
cblr-12481	832	19	ordinary	ordinary	ADJ
cblr-12481	832	20	business	business	NOUN
cblr-12481	832	21	operations	operation	NOUN
cblr-12481	832	22	.	.	PUNCT
cblr-12481	832	23	”	"	PUNCT
cblr-12481	833	1	trinity	trinity	PROPN
cblr-12481	833	2	wall	wall	PROPN
cblr-12481	833	3	st	st	PROPN
cblr-12481	833	4	.	.	PROPN
cblr-12481	833	5	v.	v.	ADP
cblr-12481	833	6	wal	wal	PROPN
cblr-12481	833	7	-	-	PROPN
cblr-12481	833	8	mart	mart	PROPN
cblr-12481	833	9	stores	stores	PROPN
cblr-12481	833	10	,	,	PUNCT
cblr-12481	833	11	inc	inc	PROPN
cblr-12481	833	12	.	.	PROPN
cblr-12481	833	13	,	,	PUNCT
cblr-12481	833	14	792	792	NUM
cblr-12481	833	15	f.3d	f.3d	NUM
cblr-12481	833	16	323	323	NUM
cblr-12481	833	17	,	,	PUNCT
cblr-12481	833	18	341	341	NUM
cblr-12481	833	19	(	(	PUNCT
cblr-12481	833	20	3d	3d	NUM
cblr-12481	833	21	cir	cir	NOUN
cblr-12481	833	22	.	.	PROPN
cblr-12481	833	23	2015	2015	NUM
cblr-12481	833	24	)	)	PUNCT
cblr-12481	833	25	(	(	PUNCT
cblr-12481	833	26	quotation	quotation	NOUN
cblr-12481	833	27	omitted	omit	VERB
cblr-12481	833	28	)	)	PUNCT
cblr-12481	833	29	.	.	PUNCT
cblr-12481	834	1	if	if	SCONJ
cblr-12481	834	2	yes	yes	INTJ
cblr-12481	834	3	,	,	PUNCT
cblr-12481	834	4	the	the	DET
cblr-12481	834	5	court	court	NOUN
cblr-12481	834	6	must	must	AUX
cblr-12481	834	7	determine	determine	VERB
cblr-12481	834	8	whether	whether	SCONJ
cblr-12481	834	9	the	the	DET
cblr-12481	834	10	proposal	proposal	NOUN
cblr-12481	834	11	“	"	PUNCT
cblr-12481	834	12	transcends	transcend	VERB
cblr-12481	834	13	the	the	DET
cblr-12481	834	14	day	day	NOUN
cblr-12481	834	15	-	-	PUNCT
cblr-12481	834	16	to	to	ADP
cblr-12481	834	17	-	-	PUNCT
cblr-12481	834	18	day	day	NOUN
cblr-12481	834	19	business	business	NOUN
cblr-12481	834	20	matters	matter	NOUN
cblr-12481	834	21	of	of	ADP
cblr-12481	834	22	the	the	DET
cblr-12481	834	23	company	company	NOUN
cblr-12481	834	24	and	and	CCONJ
cblr-12481	834	25	raises	raise	VERB
cblr-12481	834	26	policy	policy	NOUN
cblr-12481	834	27	issues	issue	NOUN
cblr-12481	834	28	so	so	ADV
cblr-12481	834	29	significant	significant	ADJ
cblr-12481	834	30	that	that	SCONJ
cblr-12481	834	31	it	it	PRON
cblr-12481	834	32	would	would	AUX
cblr-12481	834	33	be	be	AUX
cblr-12481	834	34	appropriate	appropriate	ADJ
cblr-12481	834	35	for	for	ADP
cblr-12481	834	36	a	a	DET
cblr-12481	834	37	shareholder	shareholder	NOUN
cblr-12481	834	38	vote	vote	NOUN
cblr-12481	834	39	.	.	PUNCT
cblr-12481	834	40	”	"	PUNCT
cblr-12481	835	1	i	i	PRON
cblr-12481	835	2	d.	d.	PROPN
cblr-12481	835	3	at	at	ADP
cblr-12481	835	4	345	345	NUM
cblr-12481	835	5	(	(	PUNCT
cblr-12481	835	6	quotation	quotation	NOUN
cblr-12481	835	7	omitted	omit	VERB
cblr-12481	835	8	)	)	PUNCT
cblr-12481	835	9	.	.	PUNCT
cblr-12481	836	1	146	146	NUM
cblr-12481	836	2	slb	slb	PROPN
cblr-12481	836	3	14l	14l	PROPN
cblr-12481	836	4	further	far	ADV
cblr-12481	836	5	dismissed	dismiss	VERB
cblr-12481	836	6	the	the	DET
cblr-12481	836	7	“	"	PUNCT
cblr-12481	836	8	economic	economic	ADJ
cblr-12481	836	9	relevance	relevance	NOUN
cblr-12481	836	10	”	"	PUNCT
cblr-12481	836	11	exception	exception	NOUN
cblr-12481	836	12	that	that	PRON
cblr-12481	836	13	allowed	allow	VERB
cblr-12481	836	14	companies	company	NOUN
cblr-12481	836	15	to	to	PART
cblr-12481	836	16	exclude	exclude	VERB
cblr-12481	836	17	proposals	proposal	NOUN
cblr-12481	836	18	pertaining	pertain	VERB
cblr-12481	836	19	to	to	ADP
cblr-12481	836	20	operations	operation	NOUN
cblr-12481	836	21	accounting	account	VERB
cblr-12481	836	22	for	for	ADP
cblr-12481	836	23	less	less	ADJ
cblr-12481	836	24	than	than	ADP
cblr-12481	836	25	five	five	NUM
cblr-12481	836	26	percent	percent	NOUN
cblr-12481	836	27	of	of	ADP
cblr-12481	836	28	a	a	DET
cblr-12481	836	29	company	company	NOUN
cblr-12481	836	30	’s	’s	PART
cblr-12481	836	31	total	total	ADJ
cblr-12481	836	32	assets	asset	NOUN
cblr-12481	836	33	or	or	CCONJ
cblr-12481	836	34	earnings	earning	NOUN
cblr-12481	836	35	and	and	CCONJ
cblr-12481	836	36	gross	gross	ADJ
cblr-12481	836	37	sales	sale	NOUN
cblr-12481	836	38	.	.	PUNCT
cblr-12481	837	1	sec	sec	PROPN
cblr-12481	837	2	legal	legal	ADJ
cblr-12481	837	3	bulletin	bulletin	NOUN
cblr-12481	837	4	,	,	PUNCT
cblr-12481	837	5	supra	supra	PROPN
cblr-12481	837	6	note	note	NOUN
cblr-12481	837	7	66	66	NUM
cblr-12481	837	8	.	.	PUNCT
cblr-12481	838	1	147	147	NUM
cblr-12481	839	1	i	i	PRON
cblr-12481	839	2	d.	d.	PROPN
cblr-12481	839	3	148	148	NUM
cblr-12481	840	1	i	i	PRON
cblr-12481	840	2	d.	d.	PROPN
cblr-12481	840	3	the	the	DET
cblr-12481	840	4	sec	sec	PROPN
cblr-12481	840	5	’s	’s	PART
cblr-12481	840	6	current	current	ADJ
cblr-12481	840	7	approach	approach	NOUN
cblr-12481	840	8	to	to	ADP
cblr-12481	840	9	micromanagement	micromanagement	NOUN
cblr-12481	840	10	is	be	AUX
cblr-12481	840	11	illustrated	illustrate	VERB
cblr-12481	840	12	in	in	ADP
cblr-12481	840	13	its	its	PRON
cblr-12481	840	14	letter	letter	NOUN
cblr-12481	840	15	to	to	ADP
cblr-12481	840	16	conocophillips	conocophillips	PROPN
cblr-12481	840	17	denying	deny	VERB
cblr-12481	840	18	a	a	DET
cblr-12481	840	19	no	no	DET
cblr-12481	840	20	-	-	PUNCT
cblr-12481	840	21	action	action	NOUN
cblr-12481	840	22	relief	relief	NOUN
cblr-12481	840	23	for	for	ADP
cblr-12481	840	24	a	a	DET
cblr-12481	840	25	proposal	proposal	NOUN
cblr-12481	840	26	requesting	request	VERB
cblr-12481	840	27	greenhouse	greenhouse	NOUN
cblr-12481	840	28	gas	gas	NOUN
cblr-12481	840	29	reduction	reduction	NOUN
cblr-12481	840	30	targets	target	NOUN
cblr-12481	840	31	for	for	ADP
cblr-12481	840	32	its	its	PRON
cblr-12481	840	33	operations	operation	NOUN
cblr-12481	840	34	and	and	CCONJ
cblr-12481	840	35	products	product	NOUN
cblr-12481	840	36	.	.	PUNCT
cblr-12481	841	1	880	880	NUM
cblr-12481	841	2	columbia	columbia	PROPN
cblr-12481	841	3	business	business	NOUN
cblr-12481	841	4	law	law	PROPN
cblr-12481	841	5	review	review	NOUN
cblr-12481	842	1	[	[	X
cblr-12481	842	2	vol	vol	NOUN
cblr-12481	842	3	.	.	PUNCT
cblr-12481	842	4	2023	2023	NUM
cblr-12481	842	5	liberalized	liberalize	VERB
cblr-12481	842	6	standard	standard	NOUN
cblr-12481	842	7	has	have	AUX
cblr-12481	842	8	led	lead	VERB
cblr-12481	842	9	to	to	ADP
cblr-12481	842	10	a	a	DET
cblr-12481	842	11	spike	spike	NOUN
cblr-12481	842	12	in	in	ADP
cblr-12481	842	13	shareholder	shareholder	NOUN
cblr-12481	842	14	environmental	environmental	ADJ
cblr-12481	842	15	and	and	CCONJ
cblr-12481	842	16	social	social	ADJ
cblr-12481	842	17	proposals.149	proposals.149	NOUN
cblr-12481	842	18	this	this	DET
cblr-12481	842	19	development	development	NOUN
cblr-12481	842	20	might	might	AUX
cblr-12481	842	21	be	be	AUX
cblr-12481	842	22	successful	successful	ADJ
cblr-12481	842	23	in	in	ADP
cblr-12481	842	24	furthering	further	VERB
cblr-12481	842	25	a	a	DET
cblr-12481	842	26	shareholder	shareholder	NOUN
cblr-12481	842	27	democracy	democracy	NOUN
cblr-12481	842	28	agenda	agenda	NOUN
cblr-12481	842	29	but	but	CCONJ
cblr-12481	842	30	it	it	PRON
cblr-12481	842	31	does	do	AUX
cblr-12481	842	32	not	not	PART
cblr-12481	842	33	serve	serve	VERB
cblr-12481	842	34	esg	esg	PROPN
cblr-12481	842	35	governance	governance	NOUN
cblr-12481	842	36	efficacy	efficacy	NOUN
cblr-12481	842	37	.	.	PUNCT
cblr-12481	843	1	the	the	DET
cblr-12481	843	2	former	former	ADJ
cblr-12481	843	3	micromanagement	micromanagement	NOUN
cblr-12481	843	4	exclusion	exclusion	NOUN
cblr-12481	843	5	served	serve	VERB
cblr-12481	843	6	an	an	DET
cblr-12481	843	7	important	important	ADJ
cblr-12481	843	8	purpose	purpose	NOUN
cblr-12481	843	9	in	in	ADP
cblr-12481	843	10	forcing	force	VERB
cblr-12481	843	11	shareholders	shareholder	NOUN
cblr-12481	843	12	to	to	PART
cblr-12481	843	13	maintain	maintain	VERB
cblr-12481	843	14	a	a	DET
cblr-12481	843	15	sufficient	sufficient	ADJ
cblr-12481	843	16	level	level	NOUN
cblr-12481	843	17	of	of	ADP
cblr-12481	843	18	abstraction	abstraction	NOUN
cblr-12481	843	19	in	in	ADP
cblr-12481	843	20	their	their	PRON
cblr-12481	843	21	strategic	strategic	ADJ
cblr-12481	843	22	and	and	CCONJ
cblr-12481	843	23	value	value	NOUN
cblr-12481	843	24	-	-	PUNCT
cblr-12481	843	25	based	base	VERB
cblr-12481	843	26	expression	expression	NOUN
cblr-12481	843	27	without	without	ADP
cblr-12481	843	28	stifling	stifle	VERB
cblr-12481	843	29	managers	manager	NOUN
cblr-12481	843	30	’	’	PART
cblr-12481	843	31	discretion	discretion	NOUN
cblr-12481	843	32	.	.	PUNCT
cblr-12481	844	1	for	for	ADP
cblr-12481	844	2	example	example	NOUN
cblr-12481	844	3	,	,	PUNCT
cblr-12481	844	4	mcdonald	mcdonald	PROPN
cblr-12481	844	5	’s	’s	PART
cblr-12481	844	6	shareholders	shareholder	NOUN
cblr-12481	844	7	might	might	AUX
cblr-12481	844	8	choose	choose	VERB
cblr-12481	844	9	to	to	PART
cblr-12481	844	10	promote	promote	VERB
cblr-12481	844	11	the	the	DET
cblr-12481	844	12	humane	humane	ADJ
cblr-12481	844	13	treatment	treatment	NOUN
cblr-12481	844	14	of	of	ADP
cblr-12481	844	15	animals	animal	NOUN
cblr-12481	844	16	as	as	ADP
cblr-12481	844	17	a	a	DET
cblr-12481	844	18	broad	broad	ADJ
cblr-12481	844	19	,	,	PUNCT
cblr-12481	844	20	strategic	strategic	ADJ
cblr-12481	844	21	objective	objective	NOUN
cblr-12481	844	22	.	.	PUNCT
cblr-12481	845	1	however	however	ADV
cblr-12481	845	2	,	,	PUNCT
cblr-12481	845	3	they	they	PRON
cblr-12481	845	4	might	might	AUX
cblr-12481	845	5	also	also	ADV
cblr-12481	845	6	focus	focus	VERB
cblr-12481	845	7	on	on	ADP
cblr-12481	845	8	a	a	DET
cblr-12481	845	9	narrower	narrow	ADJ
cblr-12481	845	10	issue	issue	NOUN
cblr-12481	845	11	like	like	ADP
cblr-12481	845	12	the	the	DET
cblr-12481	845	13	conditions	condition	NOUN
cblr-12481	845	14	of	of	ADP
cblr-12481	845	15	group	group	NOUN
cblr-12481	845	16	housing	housing	NOUN
cblr-12481	845	17	for	for	ADP
cblr-12481	845	18	pigs	pig	NOUN
cblr-12481	845	19	.	.	PUNCT
cblr-12481	846	1	narrower	narrower	ADV
cblr-12481	846	2	still	still	ADV
cblr-12481	846	3	,	,	PUNCT
cblr-12481	846	4	they	they	PRON
cblr-12481	846	5	might	might	AUX
cblr-12481	846	6	focus	focus	VERB
cblr-12481	846	7	on	on	ADP
cblr-12481	846	8	the	the	DET
cblr-12481	846	9	use	use	NOUN
cblr-12481	846	10	of	of	ADP
cblr-12481	846	11	gestation	gestation	NOUN
cblr-12481	846	12	crates	crate	NOUN
cblr-12481	846	13	for	for	ADP
cblr-12481	846	14	pregnant	pregnant	ADJ
cblr-12481	846	15	sows	sow	NOUN
cblr-12481	846	16	.	.	PUNCT
cblr-12481	847	1	because	because	SCONJ
cblr-12481	847	2	the	the	DET
cblr-12481	847	3	guiding	guide	VERB
cblr-12481	847	4	objective	objective	NOUN
cblr-12481	847	5	of	of	ADP
cblr-12481	847	6	these	these	DET
cblr-12481	847	7	agendas	agenda	NOUN
cblr-12481	847	8	is	be	AUX
cblr-12481	847	9	a	a	DET
cblr-12481	847	10	humanitarian	humanitarian	NOUN
cblr-12481	847	11	rather	rather	ADV
cblr-12481	847	12	than	than	ADP
cblr-12481	847	13	strictly	strictly	ADV
cblr-12481	847	14	pecuniary	pecuniary	ADJ
cblr-12481	847	15	one	one	NUM
cblr-12481	847	16	,	,	PUNCT
cblr-12481	847	17	the	the	DET
cblr-12481	847	18	generality	generality	NOUN
cblr-12481	847	19	or	or	CCONJ
cblr-12481	847	20	specificity	specificity	NOUN
cblr-12481	847	21	of	of	ADP
cblr-12481	847	22	the	the	DET
cblr-12481	847	23	issue	issue	NOUN
cblr-12481	847	24	is	be	AUX
cblr-12481	847	25	not	not	PART
cblr-12481	847	26	anchored	anchor	VERB
cblr-12481	847	27	by	by	ADP
cblr-12481	847	28	a	a	DET
cblr-12481	847	29	profit	profit	NOUN
cblr-12481	847	30	motive	motive	NOUN
cblr-12481	847	31	.	.	PUNCT
cblr-12481	848	1	instead	instead	ADV
cblr-12481	848	2	,	,	PUNCT
cblr-12481	848	3	the	the	DET
cblr-12481	848	4	objective	objective	NOUN
cblr-12481	848	5	of	of	ADP
cblr-12481	848	6	“	"	PUNCT
cblr-12481	848	7	animal	animal	NOUN
cblr-12481	848	8	welfare	welfare	NOUN
cblr-12481	848	9	”	"	PUNCT
cblr-12481	848	10	is	be	AUX
cblr-12481	848	11	a	a	DET
cblr-12481	848	12	subjective	subjective	ADJ
cblr-12481	848	13	one	one	NOUN
cblr-12481	848	14	,	,	PUNCT
cblr-12481	848	15	and	and	CCONJ
cblr-12481	848	16	shareholder	shareholder	NOUN
cblr-12481	848	17	proponents	proponent	NOUN
cblr-12481	848	18	might	might	AUX
cblr-12481	848	19	conceive	conceive	VERB
cblr-12481	848	20	of	of	ADP
cblr-12481	848	21	it	it	PRON
cblr-12481	848	22	in	in	ADP
cblr-12481	848	23	different	different	ADJ
cblr-12481	848	24	terms	term	NOUN
cblr-12481	848	25	from	from	ADP
cblr-12481	848	26	managers	manager	NOUN
cblr-12481	848	27	,	,	PUNCT
cblr-12481	848	28	or	or	CCONJ
cblr-12481	848	29	from	from	ADP
cblr-12481	848	30	one	one	NUM
cblr-12481	848	31	another	another	DET
cblr-12481	848	32	,	,	PUNCT
cblr-12481	848	33	requiring	require	VERB
cblr-12481	848	34	micromanagement	micromanagement	NOUN
cblr-12481	848	35	to	to	PART
cblr-12481	848	36	achieve	achieve	VERB
cblr-12481	848	37	their	their	PRON
cblr-12481	848	38	preferences	preference	NOUN
cblr-12481	848	39	.	.	PUNCT
cblr-12481	849	1	the	the	DET
cblr-12481	849	2	ordinary	ordinary	ADJ
cblr-12481	849	3	business	business	NOUN
cblr-12481	849	4	exclusion	exclusion	NOUN
cblr-12481	849	5	was	be	AUX
cblr-12481	849	6	an	an	DET
cblr-12481	849	7	important	important	ADJ
cblr-12481	849	8	lever	lever	NOUN
cblr-12481	849	9	in	in	ADP
cblr-12481	849	10	preventing	prevent	VERB
cblr-12481	849	11	such	such	ADJ
cblr-12481	849	12	micromanagement	micromanagement	NOUN
cblr-12481	849	13	.	.	PUNCT
cblr-12481	850	1	characterizing	characterize	VERB
cblr-12481	850	2	stakeholders	stakeholder	NOUN
cblr-12481	850	3	(	(	PUNCT
cblr-12481	850	4	including	include	VERB
cblr-12481	850	5	shareholders	shareholder	NOUN
cblr-12481	850	6	)	)	PUNCT
cblr-12481	850	7	as	as	ADP
cblr-12481	850	8	an	an	DET
cblr-12481	850	9	information	information	NOUN
cblr-12481	850	10	source	source	NOUN
cblr-12481	850	11	rather	rather	ADV
cblr-12481	850	12	than	than	ADP
cblr-12481	850	13	as	as	SCONJ
cblr-12481	850	14	principals	principal	NOUN
cblr-12481	850	15	avoids	avoid	VERB
cblr-12481	850	16	the	the	DET
cblr-12481	850	17	shareholder	shareholder	NOUN
cblr-12481	850	18	minority	minority	NOUN
cblr-12481	850	19	concerns	concern	NOUN
cblr-12481	850	20	of	of	ADP
cblr-12481	850	21	shareholder	shareholder	NOUN
cblr-12481	850	22	democracy	democracy	NOUN
cblr-12481	850	23	and	and	CCONJ
cblr-12481	850	24	the	the	DET
cblr-12481	850	25	agency	agency	NOUN
cblr-12481	850	26	concerns	concern	NOUN
cblr-12481	850	27	of	of	ADP
cblr-12481	850	28	stakeholder	stakeholder	NOUN
cblr-12481	850	29	governance	governance	NOUN
cblr-12481	850	30	.	.	PUNCT
cblr-12481	851	1	under	under	ADP
cblr-12481	851	2	a	a	DET
cblr-12481	851	3	technocratic	technocratic	ADJ
cblr-12481	851	4	model	model	NOUN
cblr-12481	851	5	,	,	PUNCT
cblr-12481	851	6	shareholders	shareholder	NOUN
cblr-12481	851	7	must	must	AUX
cblr-12481	851	8	justify	justify	VERB
cblr-12481	851	9	their	their	PRON
cblr-12481	851	10	esg	esg	NOUN
cblr-12481	851	11	objectives	objective	NOUN
cblr-12481	851	12	in	in	ADP
cblr-12481	851	13	terms	term	NOUN
cblr-12481	851	14	of	of	ADP
cblr-12481	851	15	long	long	ADJ
cblr-12481	851	16	-	-	PUNCT
cblr-12481	851	17	term	term	NOUN
cblr-12481	851	18	value	value	NOUN
cblr-12481	851	19	or	or	CCONJ
cblr-12481	851	20	otherwise	otherwise	ADV
cblr-12481	851	21	go	go	VERB
cblr-12481	851	22	through	through	ADP
cblr-12481	851	23	bylaw	bylaw	NOUN
cblr-12481	851	24	or	or	CCONJ
cblr-12481	851	25	charter	charter	NOUN
cblr-12481	851	26	amendment	amendment	NOUN
cblr-12481	851	27	procedures	procedure	NOUN
cblr-12481	851	28	and	and	CCONJ
cblr-12481	851	29	allow	allow	VERB
cblr-12481	851	30	for	for	ADP
cblr-12481	851	31	a	a	DET
cblr-12481	851	32	buyout	buyout	NOUN
cblr-12481	851	33	option	option	NOUN
cblr-12481	851	34	for	for	ADP
cblr-12481	851	35	minorities	minority	NOUN
cblr-12481	851	36	who	who	PRON
cblr-12481	851	37	do	do	AUX
cblr-12481	851	38	not	not	PART
cblr-12481	851	39	share	share	VERB
cblr-12481	851	40	the	the	DET
cblr-12481	851	41	same	same	ADJ
cblr-12481	851	42	non	non	ADJ
cblr-12481	851	43	-	-	ADJ
cblr-12481	851	44	pecuniary	pecuniary	ADJ
cblr-12481	851	45	objectives	objective	NOUN
cblr-12481	851	46	.	.	PUNCT
cblr-12481	852	1	the	the	DET
cblr-12481	852	2	proposal	proposal	NOUN
cblr-12481	852	3	did	do	AUX
cblr-12481	852	4	not	not	PART
cblr-12481	852	5	impose	impose	VERB
cblr-12481	852	6	a	a	DET
cblr-12481	852	7	specific	specific	ADJ
cblr-12481	852	8	method	method	NOUN
cblr-12481	852	9	of	of	ADP
cblr-12481	852	10	reduction	reduction	NOUN
cblr-12481	852	11	and	and	CCONJ
cblr-12481	852	12	sec	sec	PROPN
cblr-12481	852	13	staff	staff	NOUN
cblr-12481	852	14	concluded	conclude	VERB
cblr-12481	852	15	that	that	SCONJ
cblr-12481	852	16	it	it	PRON
cblr-12481	852	17	was	be	AUX
cblr-12481	852	18	not	not	PART
cblr-12481	852	19	excludable	excludable	ADJ
cblr-12481	852	20	under	under	ADP
cblr-12481	852	21	rule	rule	NOUN
cblr-12481	852	22	14a-8(i)(7	14a-8(i)(7	NUM
cblr-12481	852	23	)	)	PUNCT
cblr-12481	852	24	.	.	PUNCT
cblr-12481	853	1	conocophillips	conocophillips	PROPN
cblr-12481	853	2	,	,	PUNCT
cblr-12481	853	3	sec	sec	PROPN
cblr-12481	853	4	staff	staff	NOUN
cblr-12481	853	5	no	no	DET
cblr-12481	853	6	-	-	PUNCT
cblr-12481	853	7	action	action	NOUN
cblr-12481	853	8	letter	letter	NOUN
cblr-12481	853	9	(	(	PUNCT
cblr-12481	853	10	mar	mar	PROPN
cblr-12481	853	11	.	.	PROPN
cblr-12481	853	12	19	19	NUM
cblr-12481	853	13	,	,	PUNCT
cblr-12481	853	14	2021	2021	NUM
cblr-12481	853	15	)	)	PUNCT
cblr-12481	853	16	,	,	PUNCT
cblr-12481	853	17	https://www.sec.gov/divisions/corpfin/cf-noaction/14a-8/2021/followconocophilips031921-14a8.pdf	https://www.sec.gov/divisions/corpfin/cf-noaction/14a-8/2021/followconocophilips031921-14a8.pdf	NOUN
cblr-12481	853	18	[	[	X
cblr-12481	853	19	on	on	ADP
cblr-12481	853	20	file	file	NOUN
cblr-12481	853	21	with	with	ADP
cblr-12481	853	22	the	the	DET
cblr-12481	853	23	columbia	columbia	PROPN
cblr-12481	853	24	business	business	PROPN
cblr-12481	853	25	law	law	PROPN
cblr-12481	853	26	review	review	PROPN
cblr-12481	853	27	]	]	PUNCT
cblr-12481	853	28	.	.	PUNCT
cblr-12481	854	1	149	149	NUM
cblr-12481	854	2	suzanne	suzanne	PROPN
cblr-12481	854	3	mcgee	mcgee	PROPN
cblr-12481	854	4	,	,	PUNCT
cblr-12481	854	5	shareholders	shareholder	NOUN
cblr-12481	854	6	push	push	VERB
cblr-12481	854	7	an	an	DET
cblr-12481	854	8	array	array	NOUN
cblr-12481	854	9	of	of	ADP
cblr-12481	854	10	esg	esg	PROPN
cblr-12481	854	11	proposals	proposal	NOUN
cblr-12481	854	12	,	,	PUNCT
cblr-12481	854	13	wall	wall	PROPN
cblr-12481	854	14	st	st	PROPN
cblr-12481	854	15	.	.	PROPN
cblr-12481	854	16	j.	j.	PROPN
cblr-12481	855	1	(	(	PUNCT
cblr-12481	855	2	apr	apr	PROPN
cblr-12481	855	3	.	.	PROPN
cblr-12481	855	4	28	28	NUM
cblr-12481	855	5	,	,	PUNCT
cblr-12481	855	6	2022	2022	NUM
cblr-12481	855	7	)	)	PUNCT
cblr-12481	855	8	,	,	PUNCT
cblr-12481	855	9	https://www.wsj.com/articles/shareholderspush-array-of-esg-proposals-11651004156	https://www.wsj.com/articles/shareholderspush-array-of-esg-proposals-11651004156	PROPN
cblr-12481	856	1	[	[	X
cblr-12481	856	2	on	on	ADP
cblr-12481	856	3	file	file	NOUN
cblr-12481	856	4	with	with	ADP
cblr-12481	856	5	the	the	DET
cblr-12481	856	6	columbia	columbia	PROPN
cblr-12481	856	7	business	business	PROPN
cblr-12481	856	8	law	law	PROPN
cblr-12481	856	9	review	review	NOUN
cblr-12481	856	10	]	]	PUNCT
cblr-12481	856	11	.	.	PUNCT
cblr-12481	857	1	no	no	INTJ
cblr-12481	857	2	.	.	NOUN
cblr-12481	858	1	2	2	NUM
cblr-12481	858	2	]	]	X
cblr-12481	858	3	corporate	corporate	ADJ
cblr-12481	858	4	technocracy	technocracy	NOUN
cblr-12481	858	5	881	881	NUM
cblr-12481	858	6	c.	c.	NOUN
cblr-12481	858	7	corporate	corporate	ADJ
cblr-12481	858	8	technocracy	technocracy	NOUN
cblr-12481	858	9	in	in	ADP
cblr-12481	858	10	practice	practice	NOUN
cblr-12481	858	11	in	in	ADP
cblr-12481	858	12	this	this	DET
cblr-12481	858	13	section	section	NOUN
cblr-12481	858	14	i	i	PRON
cblr-12481	858	15	elaborate	elaborate	VERB
cblr-12481	858	16	the	the	DET
cblr-12481	858	17	payout	payout	NOUN
cblr-12481	858	18	of	of	ADP
cblr-12481	858	19	adopting	adopt	VERB
cblr-12481	858	20	a	a	DET
cblr-12481	858	21	technocratic	technocratic	ADJ
cblr-12481	858	22	approach	approach	NOUN
cblr-12481	858	23	to	to	ADP
cblr-12481	858	24	esg	esg	PROPN
cblr-12481	858	25	governance	governance	NOUN
cblr-12481	858	26	through	through	ADP
cblr-12481	858	27	the	the	DET
cblr-12481	858	28	examples	example	NOUN
cblr-12481	858	29	of	of	ADP
cblr-12481	858	30	three	three	NUM
cblr-12481	858	31	popular	popular	ADJ
cblr-12481	858	32	esg	esg	NOUN
cblr-12481	858	33	objectives	objective	NOUN
cblr-12481	858	34	:	:	PUNCT
cblr-12481	858	35	climate	climate	NOUN
cblr-12481	858	36	risk	risk	NOUN
cblr-12481	858	37	,	,	PUNCT
cblr-12481	858	38	corporate	corporate	ADJ
cblr-12481	858	39	political	political	ADJ
cblr-12481	858	40	speech	speech	NOUN
cblr-12481	858	41	,	,	PUNCT
cblr-12481	858	42	and	and	CCONJ
cblr-12481	858	43	dei	dei	NOUN
cblr-12481	858	44	.	.	PROPN
cblr-12481	859	1	1	1	NUM
cblr-12481	859	2	.	.	X
cblr-12481	859	3	climate	climate	NOUN
cblr-12481	859	4	risk	risk	NOUN
cblr-12481	859	5	in	in	ADP
cblr-12481	859	6	the	the	DET
cblr-12481	859	7	absence	absence	NOUN
cblr-12481	859	8	of	of	ADP
cblr-12481	859	9	political	political	ADJ
cblr-12481	859	10	will	will	NOUN
cblr-12481	859	11	and	and	CCONJ
cblr-12481	859	12	regulatory	regulatory	ADJ
cblr-12481	859	13	intervention	intervention	NOUN
cblr-12481	859	14	responding	respond	VERB
cblr-12481	859	15	to	to	ADP
cblr-12481	859	16	the	the	DET
cblr-12481	859	17	urgency	urgency	NOUN
cblr-12481	859	18	of	of	ADP
cblr-12481	859	19	the	the	DET
cblr-12481	859	20	global	global	ADJ
cblr-12481	859	21	climate	climate	NOUN
cblr-12481	859	22	change	change	NOUN
cblr-12481	859	23	crisis	crisis	NOUN
cblr-12481	859	24	,	,	PUNCT
cblr-12481	859	25	corporate	corporate	ADJ
cblr-12481	859	26	leaders	leader	NOUN
cblr-12481	859	27	have	have	AUX
cblr-12481	859	28	taken	take	VERB
cblr-12481	859	29	private	private	ADJ
cblr-12481	859	30	initiative	initiative	NOUN
cblr-12481	859	31	to	to	PART
cblr-12481	859	32	pursue	pursue	VERB
cblr-12481	859	33	climate	climate	NOUN
cblr-12481	859	34	risk	risk	NOUN
cblr-12481	859	35	management,150	management,150	ADP
cblr-12481	859	36	greenhouse	greenhouse	NOUN
cblr-12481	859	37	gas	gas	NOUN
cblr-12481	859	38	emissions	emission	NOUN
cblr-12481	859	39	disclosures,151	disclosures,151	NOUN
cblr-12481	859	40	and	and	CCONJ
cblr-12481	859	41	net	net	ADJ
cblr-12481	859	42	zero	zero	NUM
cblr-12481	859	43	commitments.152	commitments.152	PROPN
cblr-12481	859	44	the	the	DET
cblr-12481	859	45	case	case	NOUN
cblr-12481	859	46	for	for	ADP
cblr-12481	859	47	climate	climate	NOUN
cblr-12481	859	48	change	change	NOUN
cblr-12481	859	49	materiality	materiality	NOUN
cblr-12481	859	50	has	have	AUX
cblr-12481	859	51	been	be	AUX
cblr-12481	859	52	well	well	ADV
cblr-12481	859	53	-	-	PUNCT
cblr-12481	859	54	established	establish	VERB
cblr-12481	859	55	by	by	ADP
cblr-12481	859	56	the	the	DET
cblr-12481	859	57	work	work	NOUN
cblr-12481	859	58	of	of	ADP
cblr-12481	859	59	organizations	organization	NOUN
cblr-12481	859	60	like	like	ADP
cblr-12481	859	61	the	the	DET
cblr-12481	859	62	task	task	NOUN
cblr-12481	859	63	force	force	NOUN
cblr-12481	859	64	on	on	ADP
cblr-12481	859	65	climate	climate	NOUN
cblr-12481	859	66	-	-	PUNCT
cblr-12481	859	67	related	relate	VERB
cblr-12481	859	68	150	150	NUM
cblr-12481	859	69	see	see	NOUN
cblr-12481	859	70	,	,	PUNCT
cblr-12481	859	71	e.g.	e.g.	ADV
cblr-12481	859	72	,	,	PUNCT
cblr-12481	859	73	mathew	mathew	PROPN
cblr-12481	859	74	nelson	nelson	PROPN
cblr-12481	859	75	,	,	PUNCT
cblr-12481	859	76	global	global	ADJ
cblr-12481	859	77	climate	climate	NOUN
cblr-12481	859	78	risk	risk	NOUN
cblr-12481	859	79	disclosure	disclosure	NOUN
cblr-12481	859	80	barometer	barometer	NOUN
cblr-12481	859	81	,	,	PUNCT
cblr-12481	859	82	ey	ey	PROPN
cblr-12481	859	83	(	(	PUNCT
cblr-12481	859	84	jun	jun	PROPN
cblr-12481	859	85	.	.	PROPN
cblr-12481	859	86	2021	2021	NUM
cblr-12481	859	87	)	)	PUNCT
cblr-12481	859	88	,	,	PUNCT
cblr-12481	859	89	https://assets.ey.com/content/dam/ey-sites/eycom/en_gl/topics/assurance/ey-if-the-climate-disclosures-are-improvingwhy-isnt-decarbonization-accerlerating.pdf	https://assets.ey.com/content/dam/ey-sites/eycom/en_gl/topics/assurance/ey-if-the-climate-disclosures-are-improvingwhy-isnt-decarbonization-accerlerating.pdf	VERB
cblr-12481	859	90	[	[	X
cblr-12481	859	91	https://perma.cc/vk6n-rfae	https://perma.cc/vk6n-rfae	X
cblr-12481	859	92	]	]	X
cblr-12481	859	93	(	(	PUNCT
cblr-12481	859	94	“	"	PUNCT
cblr-12481	859	95	the	the	DET
cblr-12481	859	96	us	us	PROPN
cblr-12481	859	97	has	have	AUX
cblr-12481	859	98	seen	see	VERB
cblr-12481	859	99	a	a	DET
cblr-12481	859	100	surge	surge	NOUN
cblr-12481	859	101	in	in	ADP
cblr-12481	859	102	companies	company	NOUN
cblr-12481	859	103	issuing	issue	VERB
cblr-12481	859	104	their	their	PRON
cblr-12481	859	105	first	first	ADJ
cblr-12481	859	106	climate	climate	NOUN
cblr-12481	859	107	risk	risk	NOUN
cblr-12481	859	108	disclosure	disclosure	NOUN
cblr-12481	859	109	and	and	CCONJ
cblr-12481	859	110	tcfd	tcfd	NOUN
cblr-12481	859	111	reporting	reporting	NOUN
cblr-12481	859	112	in	in	ADP
cblr-12481	859	113	the	the	DET
cblr-12481	859	114	wake	wake	NOUN
cblr-12481	859	115	of	of	ADP
cblr-12481	859	116	the	the	DET
cblr-12481	859	117	blackrock	blackrock	NOUN
cblr-12481	859	118	and	and	CCONJ
cblr-12481	859	119	state	state	PROPN
cblr-12481	859	120	street	street	PROPN
cblr-12481	859	121	ceo	ceo	PROPN
cblr-12481	859	122	letters	letter	NOUN
cblr-12481	859	123	urging	urge	VERB
cblr-12481	859	124	portfolio	portfolio	NOUN
cblr-12481	859	125	companies	company	NOUN
cblr-12481	859	126	to	to	PART
cblr-12481	859	127	report	report	VERB
cblr-12481	859	128	on	on	ADP
cblr-12481	859	129	climate	climate	NOUN
cblr-12481	859	130	risk	risk	NOUN
cblr-12481	859	131	.	.	PUNCT
cblr-12481	860	1	investor	investor	NOUN
cblr-12481	860	2	and	and	CCONJ
cblr-12481	860	3	stakeholder	stakeholder	NOUN
cblr-12481	860	4	pressure	pressure	NOUN
cblr-12481	860	5	to	to	PART
cblr-12481	860	6	manage	manage	VERB
cblr-12481	860	7	and	and	CCONJ
cblr-12481	860	8	disclose	disclose	VERB
cblr-12481	860	9	material	material	NOUN
cblr-12481	860	10	environmental	environmental	ADJ
cblr-12481	860	11	,	,	PUNCT
cblr-12481	860	12	social	social	ADJ
cblr-12481	860	13	and	and	CCONJ
cblr-12481	860	14	governance	governance	NOUN
cblr-12481	860	15	(	(	PUNCT
cblr-12481	860	16	esg	esg	NOUN
cblr-12481	860	17	)	)	PUNCT
cblr-12481	860	18	and	and	CCONJ
cblr-12481	860	19	climate	climate	NOUN
cblr-12481	860	20	risks	risk	NOUN
cblr-12481	860	21	and	and	CCONJ
cblr-12481	860	22	opportunities	opportunity	NOUN
cblr-12481	860	23	has	have	AUX
cblr-12481	860	24	spread	spread	VERB
cblr-12481	860	25	beyond	beyond	ADP
cblr-12481	860	26	the	the	DET
cblr-12481	860	27	most	most	ADJ
cblr-12481	860	28	carbon	carbon	NOUN
cblr-12481	860	29	-	-	PUNCT
cblr-12481	860	30	intensive	intensive	ADJ
cblr-12481	860	31	sectors	sector	NOUN
cblr-12481	860	32	,	,	PUNCT
cblr-12481	860	33	leading	lead	VERB
cblr-12481	860	34	to	to	ADP
cblr-12481	860	35	advances	advance	NOUN
cblr-12481	860	36	in	in	ADP
cblr-12481	860	37	the	the	DET
cblr-12481	860	38	quality	quality	NOUN
cblr-12481	860	39	of	of	ADP
cblr-12481	860	40	reporting	reporting	NOUN
cblr-12481	860	41	in	in	ADP
cblr-12481	860	42	sectors	sector	NOUN
cblr-12481	860	43	such	such	ADJ
cblr-12481	860	44	as	as	ADP
cblr-12481	860	45	agriculture	agriculture	NOUN
cblr-12481	860	46	,	,	PUNCT
cblr-12481	860	47	food	food	NOUN
cblr-12481	860	48	and	and	CCONJ
cblr-12481	860	49	forest	forest	NOUN
cblr-12481	860	50	products	product	NOUN
cblr-12481	860	51	,	,	PUNCT
cblr-12481	860	52	manufacturing	manufacturing	NOUN
cblr-12481	860	53	,	,	PUNCT
cblr-12481	860	54	retail	retail	NOUN
cblr-12481	860	55	,	,	PUNCT
cblr-12481	860	56	health	health	NOUN
cblr-12481	860	57	and	and	CCONJ
cblr-12481	860	58	consumer	consumer	NOUN
cblr-12481	860	59	goods	good	NOUN
cblr-12481	860	60	,	,	PUNCT
cblr-12481	860	61	and	and	CCONJ
cblr-12481	860	62	telecommunications	telecommunication	NOUN
cblr-12481	860	63	and	and	CCONJ
cblr-12481	860	64	technology	technology	NOUN
cblr-12481	860	65	.	.	PUNCT
cblr-12481	860	66	”	"	PUNCT
cblr-12481	860	67	)	)	PUNCT
cblr-12481	860	68	.	.	PUNCT
cblr-12481	861	1	151	151	NUM
cblr-12481	861	2	see	see	VERB
cblr-12481	861	3	,	,	PUNCT
cblr-12481	861	4	e.g.	e.g.	ADV
cblr-12481	861	5	,	,	PUNCT
cblr-12481	861	6	lynn	lynn	PROPN
cblr-12481	861	7	m.	m.	PROPN
cblr-12481	861	8	lopucki	lopucki	PROPN
cblr-12481	861	9	,	,	PUNCT
cblr-12481	861	10	corporate	corporate	ADJ
cblr-12481	861	11	greenhouse	greenhouse	NOUN
cblr-12481	861	12	gas	gas	NOUN
cblr-12481	861	13	disclosures	disclosure	NOUN
cblr-12481	861	14	,	,	PUNCT
cblr-12481	861	15	56	56	NUM
cblr-12481	861	16	u.c	u.c	PROPN
cblr-12481	861	17	.	.	PROPN
cblr-12481	861	18	davis	davis	PROPN
cblr-12481	861	19	l.	l.	PROPN
cblr-12481	861	20	rev	rev	PROPN
cblr-12481	861	21	.	.	PROPN
cblr-12481	861	22	405	405	NUM
cblr-12481	861	23	,	,	PUNCT
cblr-12481	861	24	435	435	NUM
cblr-12481	861	25	(	(	PUNCT
cblr-12481	861	26	2022	2022	NUM
cblr-12481	861	27	)	)	PUNCT
cblr-12481	861	28	(	(	PUNCT
cblr-12481	861	29	providing	provide	VERB
cblr-12481	861	30	empirical	empirical	ADJ
cblr-12481	861	31	analysis	analysis	NOUN
cblr-12481	861	32	of	of	ADP
cblr-12481	861	33	2020	2020	NUM
cblr-12481	861	34	greenhouse	greenhouse	NOUN
cblr-12481	861	35	gas	gas	NOUN
cblr-12481	861	36	disclosures	disclosure	NOUN
cblr-12481	861	37	from	from	ADP
cblr-12481	861	38	s&p	s&p	PROPN
cblr-12481	861	39	500	500	NUM
cblr-12481	861	40	companies	company	NOUN
cblr-12481	861	41	,	,	PUNCT
cblr-12481	861	42	observing	observe	VERB
cblr-12481	861	43	an	an	DET
cblr-12481	861	44	81	81	NUM
cblr-12481	861	45	%	%	NOUN
cblr-12481	861	46	reporting	reporting	NOUN
cblr-12481	861	47	rate	rate	NOUN
cblr-12481	861	48	for	for	ADP
cblr-12481	861	49	scope	scope	NOUN
cblr-12481	861	50	1	1	NUM
cblr-12481	861	51	and	and	CCONJ
cblr-12481	861	52	scope	scope	NOUN
cblr-12481	861	53	2	2	NUM
cblr-12481	861	54	emissions	emission	NOUN
cblr-12481	861	55	)	)	PUNCT
cblr-12481	861	56	.	.	PUNCT
cblr-12481	862	1	152	152	NUM
cblr-12481	862	2	see	see	NOUN
cblr-12481	862	3	,	,	PUNCT
cblr-12481	862	4	e.g.	e.g.	ADV
cblr-12481	862	5	,	,	PUNCT
cblr-12481	862	6	the	the	DET
cblr-12481	862	7	corporate	corporate	ADJ
cblr-12481	862	8	net	net	ADJ
cblr-12481	862	9	-	-	PUNCT
cblr-12481	862	10	zero	zero	NUM
cblr-12481	862	11	standard	standard	NOUN
cblr-12481	862	12	,	,	PUNCT
cblr-12481	862	13	science	science	NOUN
cblr-12481	862	14	based	base	VERB
cblr-12481	862	15	targets	target	NOUN
cblr-12481	862	16	,	,	PUNCT
cblr-12481	862	17	https://sciencebasedtargets.org/net-zero	https://sciencebasedtargets.org/net-zero	PROPN
cblr-12481	862	18	[	[	X
cblr-12481	862	19	https://perma.cc/yk8ag395	https://perma.cc/yk8ag395	X
cblr-12481	862	20	]	]	X
cblr-12481	862	21	(	(	PUNCT
cblr-12481	862	22	last	last	ADV
cblr-12481	862	23	visited	visit	VERB
cblr-12481	862	24	nov	nov	PROPN
cblr-12481	862	25	.	.	PROPN
cblr-12481	862	26	3	3	NUM
cblr-12481	862	27	,	,	PUNCT
cblr-12481	862	28	2023	2023	NUM
cblr-12481	862	29	)	)	PUNCT
cblr-12481	862	30	;	;	PUNCT
cblr-12481	862	31	but	but	CCONJ
cblr-12481	862	32	see	see	VERB
cblr-12481	862	33	peter	peter	PROPN
cblr-12481	862	34	eavis	eavis	PROPN
cblr-12481	862	35	&	&	CCONJ
cblr-12481	862	36	clifford	clifford	PROPN
cblr-12481	862	37	krauss	krauss	PROPN
cblr-12481	862	38	,	,	PUNCT
cblr-12481	862	39	what	what	PRON
cblr-12481	862	40	’s	’	VERB
cblr-12481	862	41	really	really	ADV
cblr-12481	862	42	behind	behind	ADP
cblr-12481	862	43	corporate	corporate	ADJ
cblr-12481	862	44	promises	promise	NOUN
cblr-12481	862	45	on	on	ADP
cblr-12481	862	46	climate	climate	NOUN
cblr-12481	862	47	change	change	NOUN
cblr-12481	862	48	?	?	PUNCT
cblr-12481	862	49	,	,	PUNCT
cblr-12481	862	50	n.y	n.y	PROPN
cblr-12481	862	51	.	.	PROPN
cblr-12481	862	52	times	times	PROPN
cblr-12481	862	53	(	(	PUNCT
cblr-12481	862	54	feb	feb	PROPN
cblr-12481	862	55	.	.	PROPN
cblr-12481	862	56	22	22	NUM
cblr-12481	862	57	,	,	PUNCT
cblr-12481	862	58	2021	2021	NUM
cblr-12481	862	59	)	)	PUNCT
cblr-12481	862	60	,	,	PUNCT
cblr-12481	862	61	https://www.nytimes.com/2021/02/22/business/energy-environment/corporations-climate-change.html	https://www.nytimes.com/2021/02/22/business/energy-environment/corporations-climate-change.html	NOUN
cblr-12481	863	1	[	[	X
cblr-12481	863	2	on	on	ADP
cblr-12481	863	3	file	file	NOUN
cblr-12481	863	4	with	with	ADP
cblr-12481	863	5	the	the	DET
cblr-12481	863	6	columbia	columbia	PROPN
cblr-12481	863	7	business	business	PROPN
cblr-12481	863	8	law	law	PROPN
cblr-12481	863	9	review	review	PROPN
cblr-12481	863	10	]	]	PUNCT
cblr-12481	863	11	(	(	PUNCT
cblr-12481	863	12	noting	note	VERB
cblr-12481	863	13	the	the	DET
cblr-12481	863	14	discrepancy	discrepancy	NOUN
cblr-12481	863	15	between	between	ADP
cblr-12481	863	16	commitments	commitment	NOUN
cblr-12481	863	17	and	and	CCONJ
cblr-12481	863	18	substantive	substantive	ADJ
cblr-12481	863	19	practice	practice	NOUN
cblr-12481	863	20	)	)	PUNCT
cblr-12481	863	21	.	.	PUNCT
cblr-12481	863	22	882	882	NUM
cblr-12481	863	23	columbia	columbia	PROPN
cblr-12481	863	24	business	business	NOUN
cblr-12481	863	25	law	law	PROPN
cblr-12481	863	26	review	review	NOUN
cblr-12481	863	27	[	[	X
cblr-12481	863	28	vol	vol	NOUN
cblr-12481	863	29	.	.	PUNCT
cblr-12481	863	30	2023	2023	NUM
cblr-12481	863	31	financial	financial	ADJ
cblr-12481	863	32	disclosures	disclosure	NOUN
cblr-12481	863	33	(	(	PUNCT
cblr-12481	863	34	tcfd),153	tcfd),153	VERB
cblr-12481	863	35	the	the	DET
cblr-12481	863	36	integrated	integrated	ADJ
cblr-12481	863	37	reporting	reporting	NOUN
cblr-12481	863	38	and	and	CCONJ
cblr-12481	863	39	connectivity	connectivity	NOUN
cblr-12481	863	40	council,154	council,154	NOUN
cblr-12481	863	41	and	and	CCONJ
cblr-12481	863	42	the	the	DET
cblr-12481	863	43	partnership	partnership	NOUN
cblr-12481	863	44	for	for	ADP
cblr-12481	863	45	carbon	carbon	NOUN
cblr-12481	863	46	accounting	accounting	NOUN
cblr-12481	863	47	financials	financial	NOUN
cblr-12481	863	48	(	(	PUNCT
cblr-12481	863	49	pcaf).155	pcaf).155	NOUN
cblr-12481	863	50	climate	climate	NOUN
cblr-12481	863	51	materiality	materiality	NOUN
cblr-12481	863	52	is	be	AUX
cblr-12481	863	53	interpreted	interpret	VERB
cblr-12481	863	54	based	base	VERB
cblr-12481	863	55	on	on	ADP
cblr-12481	863	56	industry	industry	NOUN
cblr-12481	863	57	sector	sector	NOUN
cblr-12481	863	58	,	,	PUNCT
cblr-12481	863	59	as	as	SCONJ
cblr-12481	863	60	elaborated	elaborate	VERB
cblr-12481	863	61	by	by	ADP
cblr-12481	863	62	the	the	DET
cblr-12481	863	63	sustainability	sustainability	NOUN
cblr-12481	863	64	accounting	accounting	NOUN
cblr-12481	863	65	standards	standard	NOUN
cblr-12481	863	66	board	board	NOUN
cblr-12481	863	67	(	(	PUNCT
cblr-12481	863	68	sasb	sasb	PROPN
cblr-12481	863	69	)	)	PUNCT
cblr-12481	863	70	,	,	PUNCT
cblr-12481	863	71	for	for	ADP
cblr-12481	863	72	example.156	example.156	PROPN
cblr-12481	863	73	however	however	ADV
cblr-12481	863	74	,	,	PUNCT
cblr-12481	863	75	the	the	DET
cblr-12481	863	76	boundaries	boundary	NOUN
cblr-12481	863	77	of	of	ADP
cblr-12481	863	78	climate	climate	NOUN
cblr-12481	863	79	change	change	NOUN
cblr-12481	863	80	materiality	materiality	NOUN
cblr-12481	863	81	remain	remain	VERB
cblr-12481	863	82	contested	contest	VERB
cblr-12481	863	83	.	.	PUNCT
cblr-12481	864	1	today	today	NOUN
cblr-12481	864	2	,	,	PUNCT
cblr-12481	864	3	scope	scope	NOUN
cblr-12481	864	4	1	1	NUM
cblr-12481	864	5	emissions	emission	NOUN
cblr-12481	864	6	,	,	PUNCT
cblr-12481	864	7	which	which	PRON
cblr-12481	864	8	refer	refer	VERB
cblr-12481	864	9	to	to	ADP
cblr-12481	864	10	a	a	DET
cblr-12481	864	11	firm	firm	NOUN
cblr-12481	864	12	’s	’s	PART
cblr-12481	864	13	direct	direct	ADJ
cblr-12481	864	14	greenhouse	greenhouse	NOUN
cblr-12481	864	15	gas	gas	NOUN
cblr-12481	864	16	emissions	emission	NOUN
cblr-12481	864	17	from	from	ADP
cblr-12481	864	18	sources	source	NOUN
cblr-12481	864	19	that	that	SCONJ
cblr-12481	864	20	it	it	PRON
cblr-12481	864	21	owns	own	VERB
cblr-12481	864	22	,	,	PUNCT
cblr-12481	864	23	are	be	AUX
cblr-12481	864	24	readily	readily	ADV
cblr-12481	864	25	measurable	measurable	ADJ
cblr-12481	864	26	and	and	CCONJ
cblr-12481	864	27	largely	largely	ADV
cblr-12481	864	28	uncontested	uncontested	ADJ
cblr-12481	864	29	as	as	ADP
cblr-12481	864	30	a	a	DET
cblr-12481	864	31	direct	direct	ADJ
cblr-12481	864	32	corporate	corporate	ADJ
cblr-12481	864	33	impact.157	impact.157	NOUN
cblr-12481	864	34	scope	scope	NOUN
cblr-12481	864	35	2	2	NUM
cblr-12481	864	36	emissions	emission	NOUN
cblr-12481	864	37	,	,	PUNCT
cblr-12481	864	38	which	which	PRON
cblr-12481	864	39	refer	refer	VERB
cblr-12481	864	40	to	to	ADP
cblr-12481	864	41	indirect	indirect	ADJ
cblr-12481	864	42	emissions	emission	NOUN
cblr-12481	864	43	associated	associate	VERB
cblr-12481	864	44	with	with	ADP
cblr-12481	864	45	an	an	DET
cblr-12481	864	46	organization	organization	NOUN
cblr-12481	864	47	’s	’s	PART
cblr-12481	864	48	energy	energy	NOUN
cblr-12481	864	49	use	use	NOUN
cblr-12481	864	50	,	,	PUNCT
cblr-12481	864	51	are	be	AUX
cblr-12481	864	52	also	also	ADV
cblr-12481	864	53	readily	readily	ADV
cblr-12481	864	54	measurable	measurable	ADJ
cblr-12481	864	55	and	and	CCONJ
cblr-12481	864	56	widely	widely	ADV
cblr-12481	864	57	accepted.158	accepted.158	NOUN
cblr-12481	864	58	both	both	CCONJ
cblr-12481	864	59	scope	scope	VERB
cblr-12481	864	60	1	1	NUM
cblr-12481	864	61	and	and	CCONJ
cblr-12481	864	62	scope	scope	NOUN
cblr-12481	864	63	2	2	NUM
cblr-12481	864	64	emissions	emission	NOUN
cblr-12481	864	65	are	be	AUX
cblr-12481	864	66	included	include	VERB
cblr-12481	864	67	in	in	ADP
cblr-12481	864	68	carbon	carbon	NOUN
cblr-12481	864	69	neutral	neutral	ADJ
cblr-12481	864	70	commitments	commitment	NOUN
cblr-12481	864	71	,	,	PUNCT
cblr-12481	864	72	for	for	ADP
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cblr-12481	864	74	,	,	PUNCT
cblr-12481	864	75	and	and	CCONJ
cblr-12481	864	76	in	in	ADP
cblr-12481	864	77	carbon	carbon	NOUN
cblr-12481	864	78	footprint	footprint	NOUN
cblr-12481	864	79	metrics	metric	NOUN
cblr-12481	864	80	used	use	VERB
cblr-12481	864	81	by	by	ADP
cblr-12481	864	82	the	the	DET
cblr-12481	864	83	msci	msci	PROPN
cblr-12481	864	84	index.159	index.159	VERB
cblr-12481	864	85	the	the	DET
cblr-12481	864	86	materiality	materiality	NOUN
cblr-12481	864	87	of	of	ADP
cblr-12481	864	88	scope	scope	NOUN
cblr-12481	864	89	3	3	NUM
cblr-12481	864	90	153	153	NUM
cblr-12481	864	91	the	the	DET
cblr-12481	864	92	tcfd	tcfd	NOUN
cblr-12481	864	93	was	be	AUX
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cblr-12481	864	95	by	by	ADP
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cblr-12481	864	100	,	,	PUNCT
cblr-12481	864	101	an	an	DET
cblr-12481	864	102	international	international	ADJ
cblr-12481	864	103	body	body	NOUN
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cblr-12481	864	105	and	and	CCONJ
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cblr-12481	864	107	recommendations	recommendation	NOUN
cblr-12481	864	108	about	about	ADP
cblr-12481	864	109	the	the	DET
cblr-12481	864	110	global	global	ADJ
cblr-12481	864	111	financial	financial	ADJ
cblr-12481	864	112	system	system	NOUN
cblr-12481	864	113	,	,	PUNCT
cblr-12481	864	114	in	in	ADP
cblr-12481	864	115	december	december	PROPN
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cblr-12481	864	117	,	,	PUNCT
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cblr-12481	864	119	“	"	PUNCT
cblr-12481	864	120	improve	improve	VERB
cblr-12481	864	121	and	and	CCONJ
cblr-12481	864	122	increase	increase	VERB
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cblr-12481	864	127	related	relate	VERB
cblr-12481	864	128	financial	financial	ADJ
cblr-12481	864	129	information	information	NOUN
cblr-12481	864	130	.	.	PUNCT
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cblr-12481	865	1	see	see	VERB
cblr-12481	865	2	task	task	NOUN
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cblr-12481	865	8	financial	financial	ADJ
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cblr-12481	865	10	,	,	PUNCT
cblr-12481	865	11	https://www.fsb-tcfd.org/	https://www.fsb-tcfd.org/	PROPN
cblr-12481	866	1	[	[	X
cblr-12481	866	2	https://perma.cc/s4fm-t2mn	https://perma.cc/s4fm-t2mn	X
cblr-12481	866	3	]	]	X
cblr-12481	866	4	(	(	PUNCT
cblr-12481	866	5	last	last	ADV
cblr-12481	866	6	visited	visit	VERB
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cblr-12481	866	10	,	,	PUNCT
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cblr-12481	867	1	154	154	NUM
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cblr-12481	867	3	,	,	PUNCT
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cblr-12481	867	7	,	,	PUNCT
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cblr-12481	867	9	[	[	X
cblr-12481	867	10	https://perma.cc/yed4-mssq	https://perma.cc/yed4-mssq	X
cblr-12481	867	11	]	]	X
cblr-12481	867	12	(	(	PUNCT
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cblr-12481	868	1	155	155	NUM
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cblr-12481	868	3	,	,	PUNCT
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cblr-12481	868	8	(	(	PUNCT
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cblr-12481	869	1	citing	cite	VERB
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cblr-12481	869	4	,	,	PUNCT
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cblr-12481	869	9	-	-	PUNCT
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cblr-12481	869	17	.	.	PUNCT
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cblr-12481	871	3	sec	sec	PROPN
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cblr-12481	871	22	)	)	PUNCT
cblr-12481	871	23	,	,	PUNCT
cblr-12481	871	24	https://www.sec.gov/news/press-release/2022-46	https://www.sec.gov/news/press-release/2022-46	VERB
cblr-12481	871	25	[	[	NOUN
cblr-12481	871	26	https://perma.cc/k6eu-jcyd	https://perma.cc/k6eu-jcyd	X
cblr-12481	871	27	]	]	PUNCT
cblr-12481	871	28	.	.	PUNCT
cblr-12481	872	1	156	156	NUM
cblr-12481	872	2	sasb	sasb	NOUN
cblr-12481	872	3	,	,	PUNCT
cblr-12481	872	4	climate	climate	NOUN
cblr-12481	872	5	risk	risk	NOUN
cblr-12481	872	6	technical	technical	ADJ
cblr-12481	872	7	bulletin	bulletin	NOUN
cblr-12481	872	8	6	6	NUM
cblr-12481	872	9	(	(	PUNCT
cblr-12481	872	10	aug	aug	PROPN
cblr-12481	872	11	.	.	PROPN
cblr-12481	872	12	2022	2022	NUM
cblr-12481	872	13	)	)	PUNCT
cblr-12481	872	14	,	,	PUNCT
cblr-12481	872	15	https://sasb.org/wp-content/uploads/2023/11/sasb-climate-risk-technical-bulletin-2023-0823.pdf	https://sasb.org/wp-content/uploads/2023/11/sasb-climate-risk-technical-bulletin-2023-0823.pdf	PUNCT
cblr-12481	873	1	[	[	X
cblr-12481	873	2	https://perma.cc/fr4z-3nf6	https://perma.cc/fr4z-3nf6	NUM
cblr-12481	873	3	]	]	PUNCT
cblr-12481	873	4	.	.	PUNCT
cblr-12481	874	1	157	157	NUM
cblr-12481	874	2	scope	scope	NOUN
cblr-12481	874	3	1	1	NUM
cblr-12481	874	4	and	and	CCONJ
cblr-12481	874	5	scope	scope	NOUN
cblr-12481	874	6	2	2	NUM
cblr-12481	874	7	inventory	inventory	NOUN
cblr-12481	874	8	guidance	guidance	NOUN
cblr-12481	874	9	,	,	PUNCT
cblr-12481	874	10	u.s	u.s	PROPN
cblr-12481	874	11	.	.	PROPN
cblr-12481	874	12	env’t	env’t	NUM
cblr-12481	874	13	prot	prot	NOUN
cblr-12481	874	14	.	.	PUNCT
cblr-12481	875	1	agency	agency	NOUN
cblr-12481	875	2	(	(	PUNCT
cblr-12481	875	3	aug	aug	PROPN
cblr-12481	875	4	.	.	PROPN
cblr-12481	875	5	21	21	NUM
cblr-12481	875	6	,	,	PUNCT
cblr-12481	875	7	2023	2023	NUM
cblr-12481	875	8	)	)	PUNCT
cblr-12481	875	9	,	,	PUNCT
cblr-12481	875	10	https://www.epa.gov/climateleadership/scope-1-and-scope2-inventory-guidance	https://www.epa.gov/climateleadership/scope-1-and-scope2-inventory-guidance	PUNCT
cblr-12481	876	1	[	[	X
cblr-12481	876	2	https://perma.cc/9ssx-m928	https://perma.cc/9ssx-m928	X
cblr-12481	876	3	]	]	X
cblr-12481	876	4	.	.	PUNCT
cblr-12481	877	1	158	158	NUM
cblr-12481	878	1	i	i	PRON
cblr-12481	878	2	d.	d.	PROPN
cblr-12481	878	3	159	159	NUM
cblr-12481	878	4	msci	msci	PROPN
cblr-12481	878	5	,	,	PUNCT
cblr-12481	878	6	msci	msci	PROPN
cblr-12481	878	7	carbon	carbon	NOUN
cblr-12481	878	8	footprint	footprint	NOUN
cblr-12481	878	9	index	index	NOUN
cblr-12481	878	10	ratios	ratio	NOUN
cblr-12481	878	11	methodology	methodology	NOUN
cblr-12481	878	12	3	3	NUM
cblr-12481	878	13	(	(	PUNCT
cblr-12481	878	14	jan	jan	PROPN
cblr-12481	878	15	.	.	PROPN
cblr-12481	878	16	2018	2018	NUM
cblr-12481	878	17	)	)	PUNCT
cblr-12481	878	18	,	,	PUNCT
cblr-12481	878	19	https://www.msci.com/documents/1296102/6174917/msci+carbon+footprint+index+ratio+methodology.pdf/6b10f849-da51-4db6-8892-e8d46721e991	https://www.msci.com/documents/1296102/6174917/msci+carbon+footprint+index+ratio+methodology.pdf/6b10f849-da51-4db6-8892-e8d46721e991	PUNCT
cblr-12481	879	1	[	[	X
cblr-12481	879	2	https://perma.cc/mfx2-rrx9	https://perma.cc/mfx2-rrx9	X
cblr-12481	879	3	]	]	X
cblr-12481	879	4	(	(	PUNCT
cblr-12481	879	5	“	"	PUNCT
cblr-12481	879	6	based	base	VERB
cblr-12481	879	7	on	on	ADP
cblr-12481	879	8	both	both	PRON
cblr-12481	879	9	reported	report	VERB
cblr-12481	879	10	and	and	CCONJ
cblr-12481	879	11	estimated	estimate	VERB
cblr-12481	879	12	no	no	INTJ
cblr-12481	879	13	.	.	NOUN
cblr-12481	879	14	2	2	NUM
cblr-12481	879	15	]	]	X
cblr-12481	879	16	corporate	corporate	ADJ
cblr-12481	879	17	technocracy	technocracy	NOUN
cblr-12481	879	18	883	883	NUM
cblr-12481	879	19	emissions,160	emissions,160	NOUN
cblr-12481	879	20	referring	refer	VERB
cblr-12481	879	21	to	to	ADP
cblr-12481	879	22	emissions	emission	NOUN
cblr-12481	879	23	resulting	result	VERB
cblr-12481	879	24	from	from	ADP
cblr-12481	879	25	activities	activity	NOUN
cblr-12481	879	26	not	not	PART
cblr-12481	879	27	directly	directly	ADV
cblr-12481	879	28	owned	own	VERB
cblr-12481	879	29	or	or	CCONJ
cblr-12481	879	30	controlled	control	VERB
cblr-12481	879	31	by	by	ADP
cblr-12481	879	32	the	the	DET
cblr-12481	879	33	reporting	reporting	NOUN
cblr-12481	879	34	organization	organization	NOUN
cblr-12481	879	35	,	,	PUNCT
cblr-12481	879	36	however	however	ADV
cblr-12481	879	37	,	,	PUNCT
cblr-12481	879	38	remains	remain	VERB
cblr-12481	879	39	widely	widely	ADV
cblr-12481	879	40	disputed.161	disputed.161	ADJ
cblr-12481	879	41	scope	scope	NOUN
cblr-12481	879	42	3	3	NUM
cblr-12481	879	43	materiality	materiality	NOUN
cblr-12481	879	44	depends	depend	VERB
cblr-12481	879	45	on	on	ADP
cblr-12481	879	46	an	an	DET
cblr-12481	879	47	assumption	assumption	NOUN
cblr-12481	879	48	about	about	ADP
cblr-12481	879	49	the	the	DET
cblr-12481	879	50	boundaries	boundary	NOUN
cblr-12481	879	51	of	of	ADP
cblr-12481	879	52	the	the	DET
cblr-12481	879	53	corporate	corporate	ADJ
cblr-12481	879	54	enterprise	enterprise	NOUN
cblr-12481	879	55	,	,	PUNCT
cblr-12481	879	56	a	a	DET
cblr-12481	879	57	fact	fact	NOUN
cblr-12481	879	58	that	that	PRON
cblr-12481	879	59	is	be	AUX
cblr-12481	879	60	itself	itself	PRON
cblr-12481	879	61	subject	subject	ADJ
cblr-12481	879	62	to	to	ADP
cblr-12481	879	63	considerable	considerable	ADJ
cblr-12481	879	64	contestation	contestation	NOUN
cblr-12481	879	65	.	.	PUNCT
cblr-12481	880	1	from	from	ADP
cblr-12481	880	2	a	a	DET
cblr-12481	880	3	technocratic	technocratic	ADJ
cblr-12481	880	4	governance	governance	NOUN
cblr-12481	880	5	perspective	perspective	NOUN
cblr-12481	880	6	,	,	PUNCT
cblr-12481	880	7	managers	manager	NOUN
cblr-12481	880	8	have	have	AUX
cblr-12481	880	9	protected	protect	VERB
cblr-12481	880	10	discretion	discretion	NOUN
cblr-12481	880	11	to	to	PART
cblr-12481	880	12	make	make	VERB
cblr-12481	880	13	decisions	decision	NOUN
cblr-12481	880	14	concerning	concern	VERB
cblr-12481	880	15	scope	scope	NOUN
cblr-12481	880	16	1	1	NUM
cblr-12481	880	17	and	and	CCONJ
cblr-12481	880	18	scope	scope	NOUN
cblr-12481	880	19	2	2	NUM
cblr-12481	880	20	emissions	emission	NOUN
cblr-12481	880	21	.	.	PUNCT
cblr-12481	881	1	an	an	DET
cblr-12481	881	2	associated	associated	ADJ
cblr-12481	881	3	esg	esg	PROPN
cblr-12481	881	4	board	board	NOUN
cblr-12481	881	5	matrix	matrix	NOUN
cblr-12481	881	6	promoting	promote	VERB
cblr-12481	881	7	relevant	relevant	ADJ
cblr-12481	881	8	technocratic	technocratic	ADJ
cblr-12481	881	9	expertise	expertise	NOUN
cblr-12481	881	10	might	might	AUX
cblr-12481	881	11	include	include	VERB
cblr-12481	881	12	attributes	attribute	NOUN
cblr-12481	881	13	reflecting	reflect	VERB
cblr-12481	881	14	climate	climate	NOUN
cblr-12481	881	15	competency,162	competency,162	ADV
cblr-12481	881	16	particularly	particularly	ADV
cblr-12481	881	17	in	in	ADP
cblr-12481	881	18	high	high	ADJ
cblr-12481	881	19	emissions	emission	NOUN
cblr-12481	881	20	sectors	sector	NOUN
cblr-12481	881	21	like	like	ADP
cblr-12481	881	22	fossil	fossil	NOUN
cblr-12481	881	23	fuels	fuel	NOUN
cblr-12481	881	24	,	,	PUNCT
cblr-12481	881	25	energy	energy	NOUN
cblr-12481	881	26	,	,	PUNCT
cblr-12481	881	27	construction	construction	NOUN
cblr-12481	881	28	,	,	PUNCT
cblr-12481	881	29	cement	cement	NOUN
cblr-12481	881	30	,	,	PUNCT
cblr-12481	881	31	and	and	CCONJ
cblr-12481	881	32	animal	animal	NOUN
cblr-12481	881	33	farming	farming	NOUN
cblr-12481	881	34	.	.	PUNCT
cblr-12481	882	1	managers	manager	NOUN
cblr-12481	882	2	are	be	AUX
cblr-12481	882	3	empowered	empower	VERB
cblr-12481	882	4	to	to	PART
cblr-12481	882	5	operationalize	operationalize	VERB
cblr-12481	882	6	climate	climate	NOUN
cblr-12481	882	7	change	change	NOUN
cblr-12481	882	8	as	as	ADP
cblr-12481	882	9	an	an	DET
cblr-12481	882	10	esg	esg	NOUN
cblr-12481	882	11	objective	objective	NOUN
cblr-12481	882	12	by	by	ADP
cblr-12481	882	13	mitigating	mitigate	VERB
cblr-12481	882	14	a	a	DET
cblr-12481	882	15	company	company	NOUN
cblr-12481	882	16	’s	’s	PART
cblr-12481	882	17	climate	climate	NOUN
cblr-12481	882	18	impacts	impact	NOUN
cblr-12481	882	19	with	with	ADP
cblr-12481	882	20	the	the	DET
cblr-12481	882	21	discretion	discretion	NOUN
cblr-12481	882	22	to	to	PART
cblr-12481	882	23	determine	determine	VERB
cblr-12481	882	24	strategy	strategy	NOUN
cblr-12481	882	25	,	,	PUNCT
cblr-12481	882	26	operational	operational	ADJ
cblr-12481	882	27	decisions	decision	NOUN
cblr-12481	882	28	,	,	PUNCT
cblr-12481	882	29	and	and	CCONJ
cblr-12481	882	30	timeline	timeline	NOUN
cblr-12481	882	31	for	for	ADP
cblr-12481	882	32	implementation	implementation	NOUN
cblr-12481	882	33	.	.	PUNCT
cblr-12481	883	1	scope	scope	NOUN
cblr-12481	883	2	3	3	NUM
cblr-12481	883	3	emissions	emission	NOUN
cblr-12481	883	4	,	,	PUNCT
cblr-12481	883	5	however	however	ADV
cblr-12481	883	6	,	,	PUNCT
cblr-12481	883	7	present	present	VERB
cblr-12481	883	8	an	an	DET
cblr-12481	883	9	opportunity	opportunity	NOUN
cblr-12481	883	10	for	for	ADP
cblr-12481	883	11	input	input	NOUN
cblr-12481	883	12	from	from	ADP
cblr-12481	883	13	shareholders	shareholder	NOUN
cblr-12481	883	14	and	and	CCONJ
cblr-12481	883	15	stakeholders	stakeholder	NOUN
cblr-12481	883	16	to	to	PART
cblr-12481	883	17	inform	inform	VERB
cblr-12481	883	18	materiality	materiality	NOUN
cblr-12481	883	19	.	.	PUNCT
cblr-12481	884	1	shareholder	shareholder	NOUN
cblr-12481	884	2	proposals	proposal	NOUN
cblr-12481	884	3	might	might	AUX
cblr-12481	884	4	,	,	PUNCT
cblr-12481	884	5	for	for	ADP
cblr-12481	884	6	example	example	NOUN
cblr-12481	884	7	,	,	PUNCT
cblr-12481	884	8	request	request	VERB
cblr-12481	884	9	reporting	reporting	NOUN
cblr-12481	884	10	scope	scope	NOUN
cblr-12481	884	11	1	1	NUM
cblr-12481	884	12	&	&	CCONJ
cblr-12481	884	13	2	2	NUM
cblr-12481	884	14	carbon	carbon	NOUN
cblr-12481	884	15	emissions	emission	NOUN
cblr-12481	884	16	,	,	PUNCT
cblr-12481	884	17	msci	msci	PROPN
cblr-12481	884	18	measures	measure	VERB
cblr-12481	884	19	the	the	DET
cblr-12481	884	20	carbon	carbon	NOUN
cblr-12481	884	21	responsibility	responsibility	NOUN
cblr-12481	884	22	,	,	PUNCT
cblr-12481	884	23	efficiency	efficiency	NOUN
cblr-12481	884	24	,	,	PUNCT
cblr-12481	884	25	and	and	CCONJ
cblr-12481	884	26	exposure	exposure	NOUN
cblr-12481	884	27	attributed	attribute	VERB
cblr-12481	884	28	to	to	ADP
cblr-12481	884	29	the	the	DET
cblr-12481	884	30	msci	msci	PROPN
cblr-12481	884	31	indexes	index	NOUN
cblr-12481	884	32	.	.	PUNCT
cblr-12481	884	33	”	"	PUNCT
cblr-12481	884	34	)	)	PUNCT
cblr-12481	884	35	.	.	PUNCT
cblr-12481	885	1	160	160	NUM
cblr-12481	885	2	scope	scope	NOUN
cblr-12481	885	3	3	3	NUM
cblr-12481	885	4	inventory	inventory	NOUN
cblr-12481	885	5	guidance	guidance	NOUN
cblr-12481	885	6	,	,	PUNCT
cblr-12481	885	7	u.s	u.s	PROPN
cblr-12481	885	8	.	.	PROPN
cblr-12481	885	9	env’t	env’t	NUM
cblr-12481	885	10	prot	prot	NOUN
cblr-12481	885	11	.	.	PUNCT
cblr-12481	886	1	agency	agency	NOUN
cblr-12481	886	2	(	(	PUNCT
cblr-12481	886	3	may	may	PROPN
cblr-12481	886	4	12	12	NUM
cblr-12481	886	5	,	,	PUNCT
cblr-12481	886	6	2022	2022	NUM
cblr-12481	886	7	)	)	PUNCT
cblr-12481	886	8	,	,	PUNCT
cblr-12481	886	9	https://www.epa.gov/climateleadership/scope-3-inventory-guidance	https://www.epa.gov/climateleadership/scope-3-inventory-guidance	NOUN
cblr-12481	886	10	[	[	X
cblr-12481	886	11	https://perma.cc/njc4-nduu	https://perma.cc/njc4-nduu	X
cblr-12481	886	12	]	]	X
cblr-12481	886	13	(	(	PUNCT
cblr-12481	886	14	“	"	PUNCT
cblr-12481	886	15	scope	scope	NOUN
cblr-12481	886	16	3	3	NUM
cblr-12481	886	17	emissions	emission	NOUN
cblr-12481	886	18	are	be	AUX
cblr-12481	886	19	the	the	DET
cblr-12481	886	20	result	result	NOUN
cblr-12481	886	21	of	of	ADP
cblr-12481	886	22	activities	activity	NOUN
cblr-12481	886	23	from	from	ADP
cblr-12481	886	24	assets	asset	NOUN
cblr-12481	886	25	not	not	PART
cblr-12481	886	26	owned	own	VERB
cblr-12481	886	27	or	or	CCONJ
cblr-12481	886	28	controlled	control	VERB
cblr-12481	886	29	by	by	ADP
cblr-12481	886	30	the	the	DET
cblr-12481	886	31	reporting	reporting	NOUN
cblr-12481	886	32	organization	organization	NOUN
cblr-12481	886	33	,	,	PUNCT
cblr-12481	886	34	but	but	CCONJ
cblr-12481	886	35	that	that	SCONJ
cblr-12481	886	36	the	the	DET
cblr-12481	886	37	organization	organization	NOUN
cblr-12481	886	38	indirectly	indirectly	ADV
cblr-12481	886	39	impacts	impact	VERB
cblr-12481	886	40	in	in	ADP
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cblr-12481	886	42	value	value	NOUN
cblr-12481	886	43	chain	chain	NOUN
cblr-12481	886	44	.	.	PUNCT
cblr-12481	887	1	scope	scope	NOUN
cblr-12481	887	2	3	3	NUM
cblr-12481	887	3	emissions	emission	NOUN
cblr-12481	887	4	include	include	VERB
cblr-12481	887	5	all	all	DET
cblr-12481	887	6	sources	source	NOUN
cblr-12481	887	7	not	not	PART
cblr-12481	887	8	within	within	ADP
cblr-12481	887	9	an	an	DET
cblr-12481	887	10	organization	organization	NOUN
cblr-12481	887	11	’s	’s	PART
cblr-12481	887	12	scope	scope	NOUN
cblr-12481	887	13	1	1	NUM
cblr-12481	887	14	and	and	CCONJ
cblr-12481	887	15	2	2	NUM
cblr-12481	887	16	boundary	boundary	NOUN
cblr-12481	887	17	.	.	PUNCT
cblr-12481	887	18	”	"	PUNCT
cblr-12481	887	19	)	)	PUNCT
cblr-12481	887	20	.	.	PUNCT
cblr-12481	888	1	161	161	NUM
cblr-12481	888	2	see	see	NOUN
cblr-12481	888	3	,	,	PUNCT
cblr-12481	888	4	e.g.	e.g.	ADV
cblr-12481	888	5	,	,	PUNCT
cblr-12481	888	6	robert	robert	PROPN
cblr-12481	888	7	s.	s.	PROPN
cblr-12481	888	8	kaplanand	kaplanand	PROPN
cblr-12481	888	9	&	&	CCONJ
cblr-12481	888	10	karthik	karthik	PROPN
cblr-12481	888	11	ramanna	ramanna	PROPN
cblr-12481	888	12	,	,	PUNCT
cblr-12481	888	13	accounting	account	VERB
cblr-12481	888	14	for	for	ADP
cblr-12481	888	15	climate	climate	NOUN
cblr-12481	888	16	change	change	NOUN
cblr-12481	888	17	,	,	PUNCT
cblr-12481	888	18	harv	harv	NOUN
cblr-12481	888	19	.	.	PUNCT
cblr-12481	889	1	bus	bus	NOUN
cblr-12481	889	2	.	.	PUNCT
cblr-12481	890	1	rev	rev	PROPN
cblr-12481	890	2	.	.	PROPN
cblr-12481	890	3	120	120	NUM
cblr-12481	890	4	,	,	PUNCT
cblr-12481	890	5	123	123	NUM
cblr-12481	890	6	(	(	PUNCT
cblr-12481	890	7	“	"	PUNCT
cblr-12481	890	8	scope	scope	NOUN
cblr-12481	890	9	3	3	NUM
cblr-12481	890	10	emissions	emission	NOUN
cblr-12481	890	11	are	be	AUX
cblr-12481	890	12	the	the	DET
cblr-12481	890	13	fatal	fatal	ADJ
cblr-12481	890	14	flaw	flaw	NOUN
cblr-12481	890	15	in	in	ADP
cblr-12481	890	16	ghg	ghg	PROPN
cblr-12481	890	17	reporting	reporting	NOUN
cblr-12481	890	18	.	.	PUNCT
cblr-12481	891	1	the	the	DET
cblr-12481	891	2	[	[	X
cblr-12481	891	3	ghg	ghg	PROPN
cblr-12481	891	4	protocol	protocol	PROPN
cblr-12481	891	5	]	]	PUNCT
cblr-12481	891	6	’s	’s	PART
cblr-12481	891	7	creators	creator	NOUN
cblr-12481	891	8	included	include	VERB
cblr-12481	891	9	them	they	PRON
cblr-12481	891	10	to	to	PART
cblr-12481	891	11	encourage	encourage	VERB
cblr-12481	891	12	companies	company	NOUN
cblr-12481	891	13	to	to	PART
cblr-12481	891	14	exert	exert	VERB
cblr-12481	891	15	influence	influence	NOUN
cblr-12481	891	16	over	over	ADP
cblr-12481	891	17	emissions	emission	NOUN
cblr-12481	891	18	that	that	PRON
cblr-12481	891	19	they	they	PRON
cblr-12481	891	20	do	do	AUX
cblr-12481	891	21	n’t	not	PART
cblr-12481	891	22	control	control	VERB
cblr-12481	891	23	directly	directly	ADV
cblr-12481	891	24	.	.	PUNCT
cblr-12481	892	1	for	for	ADP
cblr-12481	892	2	example	example	NOUN
cblr-12481	892	3	,	,	PUNCT
cblr-12481	892	4	they	they	PRON
cblr-12481	892	5	could	could	AUX
cblr-12481	892	6	buy	buy	VERB
cblr-12481	892	7	from	from	ADP
cblr-12481	892	8	or	or	CCONJ
cblr-12481	892	9	sell	sell	VERB
cblr-12481	892	10	to	to	ADP
cblr-12481	892	11	companies	company	NOUN
cblr-12481	892	12	with	with	ADP
cblr-12481	892	13	lower	low	ADJ
cblr-12481	892	14	scope	scope	NOUN
cblr-12481	892	15	1	1	NUM
cblr-12481	892	16	emissions	emission	NOUN
cblr-12481	892	17	,	,	PUNCT
cblr-12481	892	18	and	and	CCONJ
cblr-12481	892	19	collaborate	collaborate	VERB
cblr-12481	892	20	with	with	ADP
cblr-12481	892	21	their	their	PRON
cblr-12481	892	22	suppliers	supplier	NOUN
cblr-12481	892	23	and	and	CCONJ
cblr-12481	892	24	customers	customer	NOUN
cblr-12481	892	25	to	to	PART
cblr-12481	892	26	reduce	reduce	VERB
cblr-12481	892	27	ghg	ghg	PROPN
cblr-12481	892	28	emissions	emission	NOUN
cblr-12481	892	29	along	along	ADP
cblr-12481	892	30	their	their	PRON
cblr-12481	892	31	value	value	NOUN
cblr-12481	892	32	chains	chain	NOUN
cblr-12481	892	33	.	.	PUNCT
cblr-12481	893	1	but	but	CCONJ
cblr-12481	893	2	the	the	DET
cblr-12481	893	3	difficulty	difficulty	NOUN
cblr-12481	893	4	of	of	ADP
cblr-12481	893	5	tracking	track	VERB
cblr-12481	893	6	emissions	emission	NOUN
cblr-12481	893	7	from	from	ADP
cblr-12481	893	8	multiple	multiple	ADJ
cblr-12481	893	9	suppliers	supplier	NOUN
cblr-12481	893	10	and	and	CCONJ
cblr-12481	893	11	customers	customer	NOUN
cblr-12481	893	12	across	across	ADP
cblr-12481	893	13	multitier	multitier	ADJ
cblr-12481	893	14	value	value	NOUN
cblr-12481	893	15	chains	chain	NOUN
cblr-12481	893	16	makes	make	VERB
cblr-12481	893	17	it	it	PRON
cblr-12481	893	18	virtually	virtually	ADV
cblr-12481	893	19	impossible	impossible	ADJ
cblr-12481	893	20	for	for	SCONJ
cblr-12481	893	21	a	a	DET
cblr-12481	893	22	company	company	NOUN
cblr-12481	893	23	to	to	PART
cblr-12481	893	24	reliably	reliably	ADV
cblr-12481	893	25	estimate	estimate	VERB
cblr-12481	893	26	its	its	PRON
cblr-12481	893	27	scope	scope	NOUN
cblr-12481	893	28	3	3	NUM
cblr-12481	893	29	numbers	number	NOUN
cblr-12481	893	30	.	.	PUNCT
cblr-12481	893	31	”	"	PUNCT
cblr-12481	893	32	)	)	PUNCT
cblr-12481	893	33	.	.	PUNCT
cblr-12481	894	1	162	162	NUM
cblr-12481	894	2	borduas	borduas	NOUN
cblr-12481	894	3	et	et	PROPN
cblr-12481	894	4	al	al	PROPN
cblr-12481	894	5	.	.	PROPN
cblr-12481	894	6	,	,	PUNCT
cblr-12481	894	7	supra	supra	PROPN
cblr-12481	894	8	note	note	PROPN
cblr-12481	894	9	133	133	NUM
cblr-12481	894	10	.	.	SYM
cblr-12481	894	11	884	884	NUM
cblr-12481	894	12	columbia	columbia	PROPN
cblr-12481	894	13	business	business	NOUN
cblr-12481	894	14	law	law	PROPN
cblr-12481	894	15	review	review	NOUN
cblr-12481	895	1	[	[	X
cblr-12481	895	2	vol	vol	NOUN
cblr-12481	895	3	.	.	PUNCT
cblr-12481	895	4	2023	2023	NUM
cblr-12481	895	5	on	on	ADP
cblr-12481	895	6	emissions	emission	NOUN
cblr-12481	895	7	resulting	result	VERB
cblr-12481	895	8	from	from	ADP
cblr-12481	895	9	a	a	DET
cblr-12481	895	10	company	company	NOUN
cblr-12481	895	11	’s	’s	PART
cblr-12481	895	12	supply	supply	NOUN
cblr-12481	895	13	chain.163	chain.163	VERB
cblr-12481	895	14	while	while	SCONJ
cblr-12481	895	15	shareholder	shareholder	NOUN
cblr-12481	895	16	participation	participation	NOUN
cblr-12481	895	17	might	might	AUX
cblr-12481	895	18	serve	serve	VERB
cblr-12481	895	19	an	an	DET
cblr-12481	895	20	advisory	advisory	ADJ
cblr-12481	895	21	function	function	NOUN
cblr-12481	895	22	that	that	PRON
cblr-12481	895	23	informs	inform	VERB
cblr-12481	895	24	management	management	NOUN
cblr-12481	895	25	of	of	ADP
cblr-12481	895	26	material	material	NOUN
cblr-12481	895	27	climate	climate	NOUN
cblr-12481	895	28	risks	risk	NOUN
cblr-12481	895	29	,	,	PUNCT
cblr-12481	895	30	proposals	proposal	NOUN
cblr-12481	895	31	or	or	CCONJ
cblr-12481	895	32	proxy	proxy	ADJ
cblr-12481	895	33	campaigns	campaign	NOUN
cblr-12481	895	34	concerning	concern	VERB
cblr-12481	895	35	specific	specific	ADJ
cblr-12481	895	36	strategies	strategy	NOUN
cblr-12481	895	37	for	for	ADP
cblr-12481	895	38	how	how	SCONJ
cblr-12481	895	39	a	a	DET
cblr-12481	895	40	company	company	NOUN
cblr-12481	895	41	should	should	AUX
cblr-12481	895	42	achieve	achieve	VERB
cblr-12481	895	43	scope	scope	NOUN
cblr-12481	895	44	3	3	NUM
cblr-12481	895	45	targets	target	NOUN
cblr-12481	895	46	would	would	AUX
cblr-12481	895	47	constitute	constitute	VERB
cblr-12481	895	48	micromanagement164	micromanagement164	NOUN
cblr-12481	895	49	making	make	VERB
cblr-12481	895	50	them	they	PRON
cblr-12481	895	51	excludable	excludable	ADJ
cblr-12481	895	52	under	under	ADP
cblr-12481	895	53	former	former	ADJ
cblr-12481	895	54	14	14	NUM
cblr-12481	895	55	-	-	SYM
cblr-12481	895	56	8	8	NUM
cblr-12481	895	57	guidelines	guideline	NOUN
cblr-12481	895	58	and	and	CCONJ
cblr-12481	895	59	objectionable	objectionable	ADJ
cblr-12481	895	60	from	from	ADP
cblr-12481	895	61	a	a	DET
cblr-12481	895	62	shareholder	shareholder	NOUN
cblr-12481	895	63	minority	minority	NOUN
cblr-12481	895	64	standpoint	standpoint	NOUN
cblr-12481	895	65	.	.	PUNCT
cblr-12481	896	1	outside	outside	ADP
cblr-12481	896	2	of	of	ADP
cblr-12481	896	3	corporate	corporate	ADJ
cblr-12481	896	4	governance	governance	NOUN
cblr-12481	896	5	,	,	PUNCT
cblr-12481	896	6	organizations	organization	NOUN
cblr-12481	896	7	like	like	ADP
cblr-12481	896	8	sasb	sasb	NOUN
cblr-12481	896	9	might	might	AUX
cblr-12481	896	10	issue	issue	VERB
cblr-12481	896	11	guidelines	guideline	NOUN
cblr-12481	896	12	standardizing	standardize	VERB
cblr-12481	896	13	scope	scope	NOUN
cblr-12481	896	14	3	3	NUM
cblr-12481	896	15	as	as	SCONJ
cblr-12481	896	16	it	it	PRON
cblr-12481	896	17	pertains	pertain	VERB
cblr-12481	896	18	to	to	PART
cblr-12481	896	19	particular	particular	ADJ
cblr-12481	896	20	industry	industry	NOUN
cblr-12481	896	21	sectors	sector	NOUN
cblr-12481	896	22	.	.	PUNCT
cblr-12481	897	1	viewed	view	VERB
cblr-12481	897	2	through	through	ADP
cblr-12481	897	3	a	a	DET
cblr-12481	897	4	technocratic	technocratic	ADJ
cblr-12481	897	5	lens	len	NOUN
cblr-12481	897	6	,	,	PUNCT
cblr-12481	897	7	engine	engine	NOUN
cblr-12481	897	8	no	no	NOUN
cblr-12481	897	9	.	.	NOUN
cblr-12481	898	1	1	1	NUM
cblr-12481	898	2	’s	’s	NOUN
cblr-12481	898	3	much	much	ADV
cblr-12481	898	4	maligned	malign	VERB
cblr-12481	898	5	decision	decision	NOUN
cblr-12481	898	6	to	to	PART
cblr-12481	898	7	vote	vote	VERB
cblr-12481	898	8	against	against	ADP
cblr-12481	898	9	climate	climate	NOUN
cblr-12481	898	10	-	-	PUNCT
cblr-12481	898	11	related	relate	VERB
cblr-12481	898	12	resolutions	resolution	NOUN
cblr-12481	898	13	at	at	ADP
cblr-12481	898	14	citi	citi	PROPN
cblr-12481	898	15	,	,	PUNCT
cblr-12481	898	16	bank	bank	PROPN
cblr-12481	898	17	of	of	ADP
cblr-12481	898	18	america	america	PROPN
cblr-12481	898	19	,	,	PUNCT
cblr-12481	898	20	and	and	CCONJ
cblr-12481	898	21	wells	wells	PROPN
cblr-12481	898	22	fargo	fargo	PROPN
cblr-12481	898	23	in	in	ADP
cblr-12481	898	24	2022	2022	NUM
cblr-12481	898	25	can	can	AUX
cblr-12481	898	26	be	be	AUX
cblr-12481	898	27	reconciled	reconcile	VERB
cblr-12481	898	28	with	with	ADP
cblr-12481	898	29	its	its	PRON
cblr-12481	898	30	climate	climate	NOUN
cblr-12481	898	31	-	-	PUNCT
cblr-12481	898	32	focused	focus	VERB
cblr-12481	898	33	esg	esg	NOUN
cblr-12481	898	34	orientation	orientation	NOUN
cblr-12481	898	35	.	.	PUNCT
cblr-12481	899	1	the	the	DET
cblr-12481	899	2	resolutions	resolution	NOUN
cblr-12481	899	3	in	in	ADP
cblr-12481	899	4	question	question	NOUN
cblr-12481	899	5	called	call	VERB
cblr-12481	899	6	on	on	ADP
cblr-12481	899	7	the	the	DET
cblr-12481	899	8	banks	bank	NOUN
cblr-12481	899	9	to	to	PART
cblr-12481	899	10	adopt	adopt	VERB
cblr-12481	899	11	policies	policy	NOUN
cblr-12481	899	12	by	by	ADP
cblr-12481	899	13	the	the	DET
cblr-12481	899	14	end	end	NOUN
cblr-12481	899	15	of	of	ADP
cblr-12481	899	16	2022	2022	NUM
cblr-12481	899	17	ensuring	ensure	VERB
cblr-12481	899	18	that	that	SCONJ
cblr-12481	899	19	their	their	PRON
cblr-12481	899	20	financing	financing	NOUN
cblr-12481	899	21	does	do	AUX
cblr-12481	899	22	not	not	PART
cblr-12481	899	23	contribute	contribute	VERB
cblr-12481	899	24	to	to	ADP
cblr-12481	899	25	new	new	ADJ
cblr-12481	899	26	fossil	fossil	NOUN
cblr-12481	899	27	fuel	fuel	NOUN
cblr-12481	899	28	supplies	supply	NOUN
cblr-12481	899	29	in	in	ADP
cblr-12481	899	30	keeping	keep	VERB
cblr-12481	899	31	with	with	ADP
cblr-12481	899	32	international	international	ADJ
cblr-12481	899	33	agency	agency	PROPN
cblr-12481	899	34	association	association	PROPN
cblr-12481	899	35	’s	’s	PART
cblr-12481	899	36	recommendations.165	recommendations.165	PROPN
cblr-12481	899	37	engine	engine	NOUN
cblr-12481	899	38	no	no	NOUN
cblr-12481	899	39	.	.	NOUN
cblr-12481	899	40	1	1	NUM
cblr-12481	899	41	’s	’s	PART
cblr-12481	899	42	managing	manage	VERB
cblr-12481	899	43	director	director	NOUN
cblr-12481	899	44	explained	explain	VERB
cblr-12481	899	45	that	that	SCONJ
cblr-12481	899	46	the	the	DET
cblr-12481	899	47	proposals	proposal	NOUN
cblr-12481	899	48	had	have	VERB
cblr-12481	899	49	too	too	ADV
cblr-12481	899	50	much	much	ADJ
cblr-12481	899	51	micromanagement	micromanagement	NOUN
cblr-12481	899	52	and	and	CCONJ
cblr-12481	899	53	“	"	PUNCT
cblr-12481	899	54	as	as	SCONJ
cblr-12481	899	55	written	write	VERB
cblr-12481	899	56	they	they	PRON
cblr-12481	899	57	did	do	AUX
cblr-12481	899	58	not	not	PART
cblr-12481	899	59	provide	provide	VERB
cblr-12481	899	60	adequate	adequate	ADJ
cblr-12481	899	61	flexibility	flexibility	NOUN
cblr-12481	899	62	for	for	SCONJ
cblr-12481	899	63	banks	bank	NOUN
cblr-12481	899	64	to	to	PART
cblr-12481	899	65	finance	finance	VERB
cblr-12481	899	66	the	the	DET
cblr-12481	899	67	fossil	fossil	NOUN
cblr-12481	899	68	fuel	fuel	NOUN
cblr-12481	899	69	and	and	CCONJ
cblr-12481	899	70	energy	energy	NOUN
cblr-12481	899	71	transition	transition	NOUN
cblr-12481	899	72	.	.	PUNCT
cblr-12481	900	1	”166	”166	PROPN
cblr-12481	900	2	163	163	NUM
cblr-12481	900	3	karin	karin	PROPN
cblr-12481	900	4	rives	rive	NOUN
cblr-12481	900	5	,	,	PUNCT
cblr-12481	900	6	climate	climate	NOUN
cblr-12481	900	7	resolutions	resolution	NOUN
cblr-12481	900	8	top	top	VERB
cblr-12481	900	9	‘	'	PUNCT
cblr-12481	900	10	unprecedented	unprecedented	ADJ
cblr-12481	900	11	’	'	PUNCT
cblr-12481	900	12	number	number	NOUN
cblr-12481	900	13	of	of	ADP
cblr-12481	900	14	shareholder	shareholder	NOUN
cblr-12481	900	15	proposals	proposal	NOUN
cblr-12481	900	16	in	in	ADP
cblr-12481	900	17	2022	2022	NUM
cblr-12481	900	18	,	,	PUNCT
cblr-12481	900	19	s&p	s&p	PROPN
cblr-12481	900	20	global	global	NOUN
cblr-12481	900	21	(	(	PUNCT
cblr-12481	900	22	apr	apr	PROPN
cblr-12481	900	23	.	.	PROPN
cblr-12481	900	24	4	4	NUM
cblr-12481	900	25	,	,	PUNCT
cblr-12481	900	26	2022	2022	NUM
cblr-12481	900	27	)	)	PUNCT
cblr-12481	900	28	,	,	PUNCT
cblr-12481	900	29	https://www.spglobal.com/marketintelligence/en/news-insights/latestnews-headlines/climate-resolutions-top-unprecedented-number-of-shareholder-proposals-in-2022-69641049	https://www.spglobal.com/marketintelligence/en/news-insights/latestnews-headlines/climate-resolutions-top-unprecedented-number-of-shareholder-proposals-in-2022-69641049	NOUN
cblr-12481	901	1	[	[	X
cblr-12481	901	2	https://perma.cc/l8sd-agmn	https://perma.cc/l8sd-agmn	NOUN
cblr-12481	901	3	]	]	X
cblr-12481	901	4	.	.	PUNCT
cblr-12481	902	1	164	164	NUM
cblr-12481	902	2	a	a	DET
cblr-12481	902	3	recent	recent	ADJ
cblr-12481	902	4	controversy	controversy	NOUN
cblr-12481	902	5	concerning	concern	VERB
cblr-12481	902	6	activist	activist	ADJ
cblr-12481	902	7	fund	fund	NOUN
cblr-12481	902	8	engine	engine	NOUN
cblr-12481	902	9	no	no	NOUN
cblr-12481	902	10	.	.	NOUN
cblr-12481	902	11	1	1	NUM
cblr-12481	902	12	demonstrates	demonstrate	VERB
cblr-12481	902	13	diverging	diverge	VERB
cblr-12481	902	14	understandings	understanding	NOUN
cblr-12481	902	15	of	of	ADP
cblr-12481	902	16	the	the	DET
cblr-12481	902	17	degree	degree	NOUN
cblr-12481	902	18	of	of	ADP
cblr-12481	902	19	discretion	discretion	NOUN
cblr-12481	902	20	that	that	PRON
cblr-12481	902	21	should	should	AUX
cblr-12481	902	22	be	be	AUX
cblr-12481	902	23	ceded	cede	VERB
cblr-12481	902	24	to	to	ADP
cblr-12481	902	25	managerial	managerial	ADJ
cblr-12481	902	26	agents	agent	NOUN
cblr-12481	902	27	,	,	PUNCT
cblr-12481	902	28	even	even	ADV
cblr-12481	902	29	among	among	ADP
cblr-12481	902	30	shareholders	shareholder	NOUN
cblr-12481	902	31	who	who	PRON
cblr-12481	902	32	,	,	PUNCT
cblr-12481	902	33	apparently	apparently	ADV
cblr-12481	902	34	,	,	PUNCT
cblr-12481	902	35	align	align	VERB
cblr-12481	902	36	on	on	ADP
cblr-12481	902	37	substantive	substantive	ADJ
cblr-12481	902	38	esg	esg	PROPN
cblr-12481	902	39	objectives	objective	NOUN
cblr-12481	902	40	.	.	PUNCT
cblr-12481	903	1	see	see	VERB
cblr-12481	903	2	mcdonnell	mcdonnell	PROPN
cblr-12481	903	3	,	,	PUNCT
cblr-12481	903	4	supra	supra	PROPN
cblr-12481	903	5	note	note	PROPN
cblr-12481	903	6	82	82	NUM
cblr-12481	903	7	.	.	PUNCT
cblr-12481	903	8	165	165	NUM
cblr-12481	903	9	see	see	VERB
cblr-12481	903	10	supra	supra	PROPN
cblr-12481	903	11	notes	note	VERB
cblr-12481	903	12	83	83	NUM
cblr-12481	903	13	-	-	SYM
cblr-12481	903	14	85	85	NUM
cblr-12481	903	15	and	and	CCONJ
cblr-12481	903	16	accompanying	accompany	VERB
cblr-12481	903	17	text	text	NOUN
cblr-12481	903	18	.	.	PUNCT
cblr-12481	904	1	166	166	NUM
cblr-12481	904	2	mcdonnell	mcdonnell	PROPN
cblr-12481	904	3	,	,	PUNCT
cblr-12481	904	4	supra	supra	PROPN
cblr-12481	904	5	note	note	PROPN
cblr-12481	904	6	82	82	NUM
cblr-12481	904	7	.	.	PUNCT
cblr-12481	905	1	blackrock	blackrock	PROPN
cblr-12481	905	2	adopted	adopt	VERB
cblr-12481	905	3	a	a	DET
cblr-12481	905	4	similar	similar	ADJ
cblr-12481	905	5	position	position	NOUN
cblr-12481	905	6	:	:	PUNCT
cblr-12481	905	7	a	a	DET
cblr-12481	905	8	recent	recent	ADJ
cblr-12481	905	9	memo	memo	NOUN
cblr-12481	905	10	observed	observe	VERB
cblr-12481	905	11	that	that	SCONJ
cblr-12481	905	12	shareholder	shareholder	NOUN
cblr-12481	905	13	proposals	proposal	NOUN
cblr-12481	905	14	concerning	concern	VERB
cblr-12481	905	15	climate	climate	NOUN
cblr-12481	905	16	disclosures	disclosure	NOUN
cblr-12481	905	17	have	have	AUX
cblr-12481	905	18	been	be	AUX
cblr-12481	905	19	too	too	ADV
cblr-12481	905	20	“	"	PUNCT
cblr-12481	905	21	constraining	constrain	VERB
cblr-12481	905	22	”	"	PUNCT
cblr-12481	905	23	and	and	CCONJ
cblr-12481	905	24	“	"	PUNCT
cblr-12481	905	25	prescriptive	prescriptive	NOUN
cblr-12481	905	26	”	"	PUNCT
cblr-12481	905	27	in	in	ADP
cblr-12481	905	28	the	the	DET
cblr-12481	905	29	most	most	ADV
cblr-12481	905	30	recent	recent	ADJ
cblr-12481	905	31	proxy	proxy	NOUN
cblr-12481	905	32	season	season	NOUN
cblr-12481	905	33	.	.	PUNCT
cblr-12481	906	1	see	see	VERB
cblr-12481	906	2	blackrock	blackrock	PROPN
cblr-12481	906	3	,	,	PUNCT
cblr-12481	906	4	supra	supra	PROPN
cblr-12481	906	5	note	note	PROPN
cblr-12481	906	6	85	85	NUM
cblr-12481	906	7	(	(	PUNCT
cblr-12481	906	8	“	"	PUNCT
cblr-12481	906	9	having	having	AUX
cblr-12481	906	10	supported	support	VERB
cblr-12481	906	11	47	47	NUM
cblr-12481	906	12	%	%	NOUN
cblr-12481	906	13	of	of	ADP
cblr-12481	906	14	environmental	environmental	ADJ
cblr-12481	906	15	and	and	CCONJ
cblr-12481	906	16	social	social	ADJ
cblr-12481	906	17	shareholder	shareholder	NOUN
cblr-12481	906	18	proposals	proposal	NOUN
cblr-12481	906	19	in	in	ADP
cblr-12481	906	20	2021	2021	NUM
cblr-12481	906	21	,	,	PUNCT
cblr-12481	906	22	bis	bis	PROPN
cblr-12481	906	23	notes	note	VERB
cblr-12481	906	24	that	that	SCONJ
cblr-12481	906	25	many	many	ADJ
cblr-12481	906	26	of	of	ADP
cblr-12481	906	27	the	the	DET
cblr-12481	906	28	climate	climate	NOUN
cblr-12481	906	29	-	-	PUNCT
cblr-12481	906	30	related	relate	VERB
cblr-12481	906	31	shareholder	shareholder	NOUN
cblr-12481	906	32	proposals	proposal	NOUN
cblr-12481	906	33	coming	come	VERB
cblr-12481	906	34	to	to	ADP
cblr-12481	906	35	a	a	DET
cblr-12481	906	36	vote	vote	NOUN
cblr-12481	906	37	in	in	ADP
cblr-12481	906	38	2022	2022	NUM
cblr-12481	906	39	are	be	AUX
cblr-12481	906	40	more	more	ADV
cblr-12481	906	41	prescriptive	prescriptive	ADJ
cblr-12481	906	42	or	or	CCONJ
cblr-12481	906	43	constraining	constrain	VERB
cblr-12481	906	44	on	on	ADP
cblr-12481	906	45	companies	company	NOUN
cblr-12481	906	46	and	and	CCONJ
cblr-12481	906	47	may	may	AUX
cblr-12481	906	48	not	not	PART
cblr-12481	906	49	promote	promote	VERB
cblr-12481	906	50	longterm	longterm	ADJ
cblr-12481	906	51	shareholder	shareholder	NOUN
cblr-12481	906	52	value	value	NOUN
cblr-12481	906	53	.	.	PUNCT
cblr-12481	906	54	”	"	PUNCT
cblr-12481	906	55	)	)	PUNCT
cblr-12481	906	56	.	.	PUNCT
cblr-12481	907	1	no	no	INTJ
cblr-12481	907	2	.	.	NOUN
cblr-12481	908	1	2	2	NUM
cblr-12481	908	2	]	]	X
cblr-12481	908	3	corporate	corporate	ADJ
cblr-12481	908	4	technocracy	technocracy	NOUN
cblr-12481	908	5	885	885	NUM
cblr-12481	908	6	2	2	NUM
cblr-12481	908	7	.	.	PUNCT
cblr-12481	908	8	political	political	ADJ
cblr-12481	908	9	speech	speech	NOUN
cblr-12481	908	10	since	since	SCONJ
cblr-12481	908	11	the	the	DET
cblr-12481	908	12	supreme	supreme	PROPN
cblr-12481	908	13	court	court	PROPN
cblr-12481	908	14	issued	issue	VERB
cblr-12481	908	15	its	its	PRON
cblr-12481	908	16	controversial	controversial	ADJ
cblr-12481	908	17	citizens	citizen	NOUN
cblr-12481	908	18	united	unite	VERB
cblr-12481	908	19	opinion	opinion	NOUN
cblr-12481	908	20	in	in	ADP
cblr-12481	908	21	2010,167	2010,167	NUM
cblr-12481	908	22	political	political	ADJ
cblr-12481	908	23	speech	speech	NOUN
cblr-12481	908	24	has	have	AUX
cblr-12481	908	25	been	be	AUX
cblr-12481	908	26	a	a	DET
cblr-12481	908	27	leading	lead	VERB
cblr-12481	908	28	subject	subject	NOUN
cblr-12481	908	29	of	of	ADP
cblr-12481	908	30	shareholder	shareholder	NOUN
cblr-12481	908	31	proposals.168	proposals.168	ADP
cblr-12481	908	32	partisan	partisan	ADJ
cblr-12481	908	33	political	political	ADJ
cblr-12481	908	34	spending	spending	NOUN
cblr-12481	908	35	garnered	garner	VERB
cblr-12481	908	36	further	further	ADJ
cblr-12481	908	37	scrutiny	scrutiny	NOUN
cblr-12481	908	38	in	in	ADP
cblr-12481	908	39	the	the	DET
cblr-12481	908	40	wake	wake	NOUN
cblr-12481	908	41	of	of	ADP
cblr-12481	908	42	the	the	DET
cblr-12481	908	43	2021	2021	NUM
cblr-12481	908	44	capitol	capitol	NOUN
cblr-12481	908	45	riots,169	riots,169	PROPN
cblr-12481	908	46	when	when	SCONJ
cblr-12481	908	47	contradictions	contradiction	NOUN
cblr-12481	908	48	between	between	ADP
cblr-12481	908	49	corporate	corporate	ADJ
cblr-12481	908	50	political	political	ADJ
cblr-12481	908	51	contributions	contribution	NOUN
cblr-12481	908	52	and	and	CCONJ
cblr-12481	908	53	professed	professed	ADJ
cblr-12481	908	54	values	value	NOUN
cblr-12481	908	55	became	become	VERB
cblr-12481	908	56	a	a	DET
cblr-12481	908	57	subject	subject	NOUN
cblr-12481	908	58	of	of	ADP
cblr-12481	908	59	media	medium	NOUN
cblr-12481	908	60	and	and	CCONJ
cblr-12481	908	61	public	public	ADJ
cblr-12481	908	62	critique.170	critique.170	PRON
cblr-12481	908	63	shareholders	shareholder	NOUN
cblr-12481	908	64	reflected	reflect	VERB
cblr-12481	908	65	this	this	DET
cblr-12481	908	66	concern	concern	NOUN
cblr-12481	908	67	with	with	ADP
cblr-12481	908	68	corporate	corporate	ADJ
cblr-12481	908	69	spending	spending	NOUN
cblr-12481	908	70	in	in	ADP
cblr-12481	908	71	the	the	DET
cblr-12481	908	72	2021	2021	NUM
cblr-12481	908	73	proxy	proxy	NOUN
cblr-12481	908	74	season	season	NOUN
cblr-12481	908	75	,	,	PUNCT
cblr-12481	908	76	which	which	PRON
cblr-12481	908	77	featured	feature	VERB
cblr-12481	908	78	167	167	NUM
cblr-12481	908	79	citizens	citizen	NOUN
cblr-12481	908	80	united	unite	VERB
cblr-12481	908	81	v.	v.	ADP
cblr-12481	908	82	fed	fed	PROPN
cblr-12481	908	83	.	.	PUNCT
cblr-12481	909	1	election	election	NOUN
cblr-12481	909	2	comm’n	comm’n	NOUN
cblr-12481	909	3	,	,	PUNCT
cblr-12481	909	4	558	558	NUM
cblr-12481	909	5	u.s	u.s	PROPN
cblr-12481	909	6	.	.	PROPN
cblr-12481	909	7	310	310	NUM
cblr-12481	909	8	(	(	PUNCT
cblr-12481	909	9	2010	2010	NUM
cblr-12481	909	10	)	)	PUNCT
cblr-12481	909	11	.	.	PUNCT
cblr-12481	910	1	168	168	NUM
cblr-12481	910	2	see	see	VERB
cblr-12481	910	3	,	,	PUNCT
cblr-12481	910	4	e.g.	e.g.	ADV
cblr-12481	910	5	,	,	PUNCT
cblr-12481	910	6	ki	ki	PROPN
cblr-12481	910	7	p.	p.	PROPN
cblr-12481	910	8	hong	hong	PROPN
cblr-12481	910	9	,	,	PUNCT
cblr-12481	910	10	melissa	melissa	PROPN
cblr-12481	910	11	l.	l.	PROPN
cblr-12481	910	12	miles	miles	PROPN
cblr-12481	910	13	&	&	CCONJ
cblr-12481	910	14	karina	karina	PROPN
cblr-12481	910	15	bakhshi	bakhshi	PROPN
cblr-12481	910	16	-	-	PUNCT
cblr-12481	910	17	azar	azar	PROPN
cblr-12481	910	18	,	,	PUNCT
cblr-12481	910	19	companies	company	NOUN
cblr-12481	910	20	face	face	VERB
cblr-12481	910	21	new	new	ADJ
cblr-12481	910	22	pressure	pressure	NOUN
cblr-12481	910	23	from	from	ADP
cblr-12481	910	24	shareholders	shareholder	NOUN
cblr-12481	910	25	and	and	CCONJ
cblr-12481	910	26	regulators	regulator	NOUN
cblr-12481	910	27	to	to	PART
cblr-12481	910	28	disclose	disclose	VERB
cblr-12481	910	29	political	political	ADJ
cblr-12481	910	30	policies	policy	NOUN
cblr-12481	910	31	and	and	CCONJ
cblr-12481	910	32	contributions	contribution	NOUN
cblr-12481	910	33	,	,	PUNCT
cblr-12481	910	34	skadden	skadden	ADJ
cblr-12481	910	35	(	(	PUNCT
cblr-12481	910	36	jan	jan	PROPN
cblr-12481	910	37	.	.	PROPN
cblr-12481	910	38	19	19	NUM
cblr-12481	910	39	,	,	PUNCT
cblr-12481	910	40	2022	2022	NUM
cblr-12481	910	41	)	)	PUNCT
cblr-12481	910	42	,	,	PUNCT
cblr-12481	910	43	https://www.skadden.com/insights/publications/2022/01/2022-insights/regulation-enforcement-and-investigations/companies-face-new-pressurefrom-shareholders	https://www.skadden.com/insights/publications/2022/01/2022-insights/regulation-enforcement-and-investigations/companies-face-new-pressurefrom-shareholder	NOUN
cblr-12481	911	1	[	[	X
cblr-12481	911	2	https://perma.cc/7rmh-ajyj	https://perma.cc/7rmh-ajyj	X
cblr-12481	911	3	]	]	X
cblr-12481	911	4	(	(	PUNCT
cblr-12481	911	5	“	"	PUNCT
cblr-12481	911	6	[	[	X
cblr-12481	911	7	d]uring	d]ure	VERB
cblr-12481	911	8	the	the	DET
cblr-12481	911	9	2021	2021	NUM
cblr-12481	911	10	proxy	proxy	NOUN
cblr-12481	911	11	season	season	NOUN
cblr-12481	911	12	,	,	PUNCT
cblr-12481	911	13	shareholder	shareholder	NOUN
cblr-12481	911	14	proposals	proposal	NOUN
cblr-12481	911	15	requesting	request	VERB
cblr-12481	911	16	disclosure	disclosure	NOUN
cblr-12481	911	17	of	of	ADP
cblr-12481	911	18	corporate	corporate	ADJ
cblr-12481	911	19	political	political	ADJ
cblr-12481	911	20	spending	spending	NOUN
cblr-12481	911	21	passed	pass	VERB
cblr-12481	911	22	at	at	ADP
cblr-12481	911	23	the	the	DET
cblr-12481	911	24	highest	high	ADJ
cblr-12481	911	25	rate	rate	NOUN
cblr-12481	911	26	ever	ever	ADV
cblr-12481	911	27	recorded	record	VERB
cblr-12481	911	28	.	.	PUNCT
cblr-12481	911	29	.	.	PUNCT
cblr-12481	911	30	.	.	PUNCT
cblr-12481	912	1	[	[	X
cblr-12481	912	2	s]ome	s]ome	NOUN
cblr-12481	912	3	shareholders	shareholder	NOUN
cblr-12481	912	4	have	have	AUX
cblr-12481	912	5	been	be	AUX
cblr-12481	912	6	pushing	push	VERB
cblr-12481	912	7	for	for	ADP
cblr-12481	912	8	increased	increase	VERB
cblr-12481	912	9	disclosure	disclosure	NOUN
cblr-12481	912	10	of	of	ADP
cblr-12481	912	11	corporate	corporate	ADJ
cblr-12481	912	12	political	political	ADJ
cblr-12481	912	13	spending	spending	NOUN
cblr-12481	912	14	for	for	ADP
cblr-12481	912	15	almost	almost	ADV
cblr-12481	912	16	two	two	NUM
cblr-12481	912	17	decades	decade	NOUN
cblr-12481	912	18	.	.	PUNCT
cblr-12481	912	19	.	.	PUNCT
cblr-12481	912	20	.	.	PUNCT
cblr-12481	912	21	.	.	PUNCT
cblr-12481	913	1	in	in	ADP
cblr-12481	913	2	2020	2020	NUM
cblr-12481	913	3	,	,	PUNCT
cblr-12481	913	4	a	a	DET
cblr-12481	913	5	record	record	NOUN
cblr-12481	913	6	20	20	NUM
cblr-12481	913	7	%	%	NOUN
cblr-12481	913	8	of	of	ADP
cblr-12481	913	9	these	these	DET
cblr-12481	913	10	political	political	ADJ
cblr-12481	913	11	shareholder	shareholder	NOUN
cblr-12481	913	12	proposals	proposal	NOUN
cblr-12481	913	13	were	be	AUX
cblr-12481	913	14	adopted	adopt	VERB
cblr-12481	913	15	,	,	PUNCT
cblr-12481	913	16	a	a	DET
cblr-12481	913	17	number	number	NOUN
cblr-12481	913	18	eclipsed	eclipse	VERB
cblr-12481	913	19	in	in	ADP
cblr-12481	913	20	2021	2021	NUM
cblr-12481	913	21	with	with	ADP
cblr-12481	913	22	a	a	DET
cblr-12481	913	23	new	new	ADJ
cblr-12481	913	24	high	high	NOUN
cblr-12481	913	25	of	of	ADP
cblr-12481	913	26	40	40	NUM
cblr-12481	913	27	%	%	NOUN
cblr-12481	913	28	[	[	X
cblr-12481	913	29	.	.	X
cblr-12481	913	30	]	]	X
cblr-12481	913	31	”	"	PUNCT
cblr-12481	913	32	)	)	PUNCT
cblr-12481	913	33	;	;	PUNCT
cblr-12481	913	34	andrew	andrew	PROPN
cblr-12481	913	35	ramonas	ramonas	PROPN
cblr-12481	913	36	&	&	CCONJ
cblr-12481	913	37	lydia	lydia	PROPN
cblr-12481	913	38	beyoud	beyoud	PROPN
cblr-12481	913	39	,	,	PUNCT
cblr-12481	913	40	activist	activist	ADJ
cblr-12481	913	41	shareholders	shareholder	NOUN
cblr-12481	913	42	score	score	VERB
cblr-12481	913	43	wins	win	VERB
cblr-12481	913	44	on	on	ADP
cblr-12481	913	45	election	election	NOUN
cblr-12481	913	46	spending	spending	NOUN
cblr-12481	913	47	after	after	ADP
cblr-12481	913	48	riot	riot	NOUN
cblr-12481	913	49	,	,	PUNCT
cblr-12481	913	50	bloomberg	bloomberg	PROPN
cblr-12481	913	51	l.	l.	PROPN
cblr-12481	913	52	(	(	PUNCT
cblr-12481	913	53	july	july	PROPN
cblr-12481	913	54	14	14	NUM
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cblr-12481	913	56	2021	2021	NUM
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cblr-12481	913	58	,	,	PUNCT
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cblr-12481	913	60	[	[	X
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cblr-12481	913	62	]	]	X
cblr-12481	913	63	.	.	PUNCT
cblr-12481	913	64	169	169	NUM
cblr-12481	913	65	see	see	VERB
cblr-12481	913	66	,	,	PUNCT
cblr-12481	913	67	e.g.	e.g.	ADV
cblr-12481	913	68	,	,	PUNCT
cblr-12481	913	69	dorothy	dorothy	PROPN
cblr-12481	913	70	s.	s.	PROPN
cblr-12481	913	71	lund	lund	PROPN
cblr-12481	913	72	&	&	CCONJ
cblr-12481	913	73	leo	leo	PROPN
cblr-12481	913	74	e.	e.	PROPN
cblr-12481	913	75	strine	strine	PROPN
cblr-12481	913	76	,	,	PUNCT
cblr-12481	913	77	jr	jr	PROPN
cblr-12481	913	78	.	.	PROPN
cblr-12481	913	79	,	,	PUNCT
cblr-12481	913	80	corporate	corporate	ADJ
cblr-12481	913	81	political	political	ADJ
cblr-12481	913	82	spending	spending	NOUN
cblr-12481	913	83	is	be	AUX
cblr-12481	913	84	bad	bad	ADJ
cblr-12481	913	85	business	business	NOUN
cblr-12481	913	86	,	,	PUNCT
cblr-12481	913	87	harv	harv	PROPN
cblr-12481	913	88	.	.	PUNCT
cblr-12481	914	1	bus	bus	NOUN
cblr-12481	914	2	.	.	PUNCT
cblr-12481	915	1	rev	rev	PROPN
cblr-12481	915	2	.	.	PUNCT
cblr-12481	916	1	(	(	PUNCT
cblr-12481	916	2	jan.–feb	jan.–feb	PROPN
cblr-12481	916	3	.	.	NOUN
cblr-12481	916	4	2022	2022	NUM
cblr-12481	916	5	)	)	PUNCT
cblr-12481	916	6	,	,	PUNCT
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cblr-12481	916	8	[	[	X
cblr-12481	916	9	https://perma.cc/8wxn-w88x	https://perma.cc/8wxn-w88x	X
cblr-12481	916	10	]	]	X
cblr-12481	916	11	.	.	PUNCT
cblr-12481	917	1	170	170	NUM
cblr-12481	917	2	see	see	VERB
cblr-12481	917	3	,	,	PUNCT
cblr-12481	917	4	e.g.	e.g.	ADV
cblr-12481	917	5	,	,	PUNCT
cblr-12481	917	6	ephrat	ephrat	PROPN
cblr-12481	917	7	livni	livni	PROPN
cblr-12481	917	8	,	,	PUNCT
cblr-12481	917	9	on	on	ADP
cblr-12481	917	10	voting	voting	NOUN
cblr-12481	917	11	rights	right	NOUN
cblr-12481	917	12	,	,	PUNCT
cblr-12481	917	13	it	it	PRON
cblr-12481	917	14	can	can	AUX
cblr-12481	917	15	cost	cost	VERB
cblr-12481	917	16	companies	company	NOUN
cblr-12481	917	17	to	to	PART
cblr-12481	917	18	take	take	VERB
cblr-12481	917	19	both	both	DET
cblr-12481	917	20	sides	side	NOUN
cblr-12481	917	21	,	,	PUNCT
cblr-12481	917	22	n.y	n.y	PROPN
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cblr-12481	917	25	(	(	PUNCT
cblr-12481	917	26	june	june	PROPN
cblr-12481	917	27	5	5	NUM
cblr-12481	917	28	,	,	PUNCT
cblr-12481	917	29	2021	2021	NUM
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cblr-12481	917	31	,	,	PUNCT
cblr-12481	917	32	https://www.nytimes.com/2021/06/05/business/dealbook/voting-rights-companies.html	https://www.nytimes.com/2021/06/05/business/dealbook/voting-rights-companies.html	PROPN
cblr-12481	918	1	[	[	X
cblr-12481	918	2	https://perma.cc/2e63-xrjz	https://perma.cc/2e63-xrjz	X
cblr-12481	918	3	]	]	PUNCT
cblr-12481	918	4	;	;	PUNCT
cblr-12481	918	5	maxine	maxine	PROPN
cblr-12481	918	6	joselow	joselow	PROPN
cblr-12481	918	7	&	&	CCONJ
cblr-12481	918	8	vanessa	vanessa	PROPN
cblr-12481	918	9	montalbano	montalbano	PROPN
cblr-12481	918	10	,	,	PUNCT
cblr-12481	918	11	top	top	ADJ
cblr-12481	918	12	companies	company	NOUN
cblr-12481	918	13	are	be	AUX
cblr-12481	918	14	undermining	undermine	VERB
cblr-12481	918	15	their	their	PRON
cblr-12481	918	16	climate	climate	NOUN
cblr-12481	918	17	pledges	pledge	NOUN
cblr-12481	918	18	with	with	ADP
cblr-12481	918	19	political	political	ADJ
cblr-12481	918	20	donations	donation	NOUN
cblr-12481	918	21	,	,	PUNCT
cblr-12481	918	22	report	report	NOUN
cblr-12481	918	23	says	say	VERB
cblr-12481	918	24	,	,	PUNCT
cblr-12481	918	25	wash	wash	NOUN
cblr-12481	918	26	.	.	PUNCT
cblr-12481	919	1	post	post	NOUN
cblr-12481	919	2	(	(	PUNCT
cblr-12481	919	3	feb	feb	PROPN
cblr-12481	919	4	.	.	PROPN
cblr-12481	919	5	23	23	NUM
cblr-12481	919	6	,	,	PUNCT
cblr-12481	919	7	2022	2022	NUM
cblr-12481	919	8	)	)	PUNCT
cblr-12481	919	9	,	,	PUNCT
cblr-12481	919	10	https://www.washingtonpost.com/politics/2022/02/23/top-companies-are-undermining-their-climate-pledges-with-political-donations-report-says/	https://www.washingtonpost.com/politics/2022/02/23/top-companies-are-undermining-their-climate-pledges-with-political-donations-report-says/	VERB
cblr-12481	920	1	[	[	X
cblr-12481	920	2	https://perma.cc/md3b-x49d	https://perma.cc/md3b-x49d	X
cblr-12481	920	3	]	]	X
cblr-12481	920	4	;	;	PUNCT
cblr-12481	920	5	brody	brody	PROPN
cblr-12481	920	6	mullins	mullins	PROPN
cblr-12481	920	7	&	&	CCONJ
cblr-12481	920	8	ann	ann	PROPN
cblr-12481	920	9	zimmerman	zimmerman	PROPN
cblr-12481	920	10	,	,	PUNCT
cblr-12481	920	11	target	target	NOUN
cblr-12481	920	12	discovers	discover	VERB
cblr-12481	920	13	downside	downside	NOUN
cblr-12481	920	14	to	to	ADP
cblr-12481	920	15	political	political	ADJ
cblr-12481	920	16	contributions	contribution	NOUN
cblr-12481	920	17	,	,	PUNCT
cblr-12481	920	18	wall	wall	PROPN
cblr-12481	920	19	st	st	PROPN
cblr-12481	920	20	.	.	PROPN
cblr-12481	920	21	j.	j.	PROPN
cblr-12481	920	22	(	(	PUNCT
cblr-12481	920	23	aug	aug	PROPN
cblr-12481	920	24	.	.	PROPN
cblr-12481	920	25	7	7	NUM
cblr-12481	920	26	,	,	PUNCT
cblr-12481	920	27	2010	2010	NUM
cblr-12481	920	28	)	)	PUNCT
cblr-12481	920	29	,	,	PUNCT
cblr-12481	920	30	https://www.wsj.com/articles/sb10001424052748703988304575413650676561696	https://www.wsj.com/articles/sb10001424052748703988304575413650676561696	X
cblr-12481	921	1	[	[	X
cblr-12481	921	2	https://perma.cc/re9m-zn4r	https://perma.cc/re9m-zn4r	X
cblr-12481	921	3	]	]	X
cblr-12481	921	4	.	.	PUNCT
cblr-12481	921	5	886	886	NUM
cblr-12481	921	6	columbia	columbia	PROPN
cblr-12481	921	7	business	business	NOUN
cblr-12481	921	8	law	law	PROPN
cblr-12481	921	9	review	review	NOUN
cblr-12481	921	10	[	[	X
cblr-12481	921	11	vol	vol	NOUN
cblr-12481	921	12	.	.	PUNCT
cblr-12481	922	1	2023	2023	NUM
cblr-12481	922	2	record	record	NOUN
cblr-12481	922	3	voting	voting	NOUN
cblr-12481	922	4	in	in	ADP
cblr-12481	922	5	support	support	NOUN
cblr-12481	922	6	of	of	ADP
cblr-12481	922	7	corporate	corporate	ADJ
cblr-12481	922	8	political	political	ADJ
cblr-12481	922	9	disclosure.171	disclosure.171	NOUN
cblr-12481	922	10	as	as	ADP
cblr-12481	922	11	a	a	DET
cblr-12481	922	12	governance	governance	NOUN
cblr-12481	922	13	matter	matter	NOUN
cblr-12481	922	14	,	,	PUNCT
cblr-12481	922	15	political	political	ADJ
cblr-12481	922	16	speech	speech	NOUN
cblr-12481	922	17	presents	present	VERB
cblr-12481	922	18	some	some	DET
cblr-12481	922	19	unique	unique	ADJ
cblr-12481	922	20	challenges	challenge	NOUN
cblr-12481	922	21	due	due	ADP
cblr-12481	922	22	to	to	ADP
cblr-12481	922	23	its	its	PRON
cblr-12481	922	24	intertwined	intertwine	VERB
cblr-12481	922	25	expressive	expressive	ADJ
cblr-12481	922	26	and	and	CCONJ
cblr-12481	922	27	instrumental	instrumental	ADJ
cblr-12481	922	28	functions.172	functions.172	NOUN
cblr-12481	922	29	recognizing	recognize	VERB
cblr-12481	922	30	this	this	PRON
cblr-12481	922	31	,	,	PUNCT
cblr-12481	922	32	some	some	DET
cblr-12481	922	33	governance	governance	NOUN
cblr-12481	922	34	reform	reform	NOUN
cblr-12481	922	35	agendas	agenda	NOUN
cblr-12481	922	36	have	have	AUX
cblr-12481	922	37	proposed	propose	VERB
cblr-12481	922	38	banning	ban	VERB
cblr-12481	922	39	corporate	corporate	ADJ
cblr-12481	922	40	political	political	ADJ
cblr-12481	922	41	speech	speech	NOUN
cblr-12481	922	42	outright173	outright173	PROPN
cblr-12481	922	43	or	or	CCONJ
cblr-12481	922	44	relying	rely	VERB
cblr-12481	922	45	on	on	ADP
cblr-12481	922	46	the	the	DET
cblr-12481	922	47	regulatory	regulatory	ADJ
cblr-12481	922	48	functions	function	NOUN
cblr-12481	922	49	of	of	ADP
cblr-12481	922	50	disclosure.174	disclosure.174	ADV
cblr-12481	922	51	addressing	address	VERB
cblr-12481	922	52	corporate	corporate	ADJ
cblr-12481	922	53	political	political	ADJ
cblr-12481	922	54	speech	speech	NOUN
cblr-12481	922	55	through	through	ADP
cblr-12481	922	56	a	a	DET
cblr-12481	922	57	technocratic	technocratic	ADJ
cblr-12481	922	58	paradigm	paradigm	NOUN
cblr-12481	922	59	provides	provide	VERB
cblr-12481	922	60	some	some	DET
cblr-12481	922	61	guidance	guidance	NOUN
cblr-12481	922	62	for	for	ADP
cblr-12481	922	63	distinguishing	distinguish	VERB
cblr-12481	922	64	between	between	ADP
cblr-12481	922	65	different	different	ADJ
cblr-12481	922	66	types	type	NOUN
cblr-12481	922	67	of	of	ADP
cblr-12481	922	68	speech	speech	NOUN
cblr-12481	922	69	activities	activity	NOUN
cblr-12481	922	70	and	and	CCONJ
cblr-12481	922	71	differentiating	differentiate	VERB
cblr-12481	922	72	those	those	PRON
cblr-12481	922	73	that	that	PRON
cblr-12481	922	74	are	be	AUX
cblr-12481	922	75	administrable	administrable	ADJ
cblr-12481	922	76	from	from	ADP
cblr-12481	922	77	an	an	DET
cblr-12481	922	78	agency	agency	NOUN
cblr-12481	922	79	perspective	perspective	NOUN
cblr-12481	922	80	from	from	ADP
cblr-12481	922	81	those	those	PRON
cblr-12481	922	82	that	that	PRON
cblr-12481	922	83	engender	engender	VERB
cblr-12481	922	84	unmanageable	unmanageable	ADJ
cblr-12481	922	85	agency	agency	NOUN
cblr-12481	922	86	costs	cost	NOUN
cblr-12481	922	87	.	.	PUNCT
cblr-12481	923	1	for	for	ADP
cblr-12481	923	2	171	171	NUM
cblr-12481	923	3	see	see	NOUN
cblr-12481	923	4	,	,	PUNCT
cblr-12481	923	5	e.g.	e.g.	ADV
cblr-12481	923	6	,	,	PUNCT
cblr-12481	923	7	sue	sue	NOUN
cblr-12481	923	8	reisinger	reisinger	NOUN
cblr-12481	923	9	,	,	PUNCT
cblr-12481	923	10	corporate	corporate	ADJ
cblr-12481	923	11	political	political	ADJ
cblr-12481	923	12	disclosure	disclosure	NOUN
cblr-12481	923	13	votes	vote	NOUN
cblr-12481	923	14	hit	hit	VERB
cblr-12481	923	15	record	record	NOUN
cblr-12481	923	16	high	high	ADV
cblr-12481	923	17	in	in	ADP
cblr-12481	923	18	2021	2021	NUM
cblr-12481	923	19	,	,	PUNCT
cblr-12481	923	20	law360	law360	PROPN
cblr-12481	923	21	(	(	PUNCT
cblr-12481	923	22	dec	dec	PROPN
cblr-12481	923	23	.	.	PROPN
cblr-12481	923	24	20	20	NUM
cblr-12481	923	25	,	,	PUNCT
cblr-12481	923	26	2021	2021	NUM
cblr-12481	923	27	)	)	PUNCT
cblr-12481	923	28	,	,	PUNCT
cblr-12481	923	29	https://www.law360.com/pulse/articles/1450343/corporate-political-disclosure-votes-hit-record-high-in-2021	https://www.law360.com/pulse/articles/1450343/corporate-political-disclosure-votes-hit-record-high-in-2021	NOUN
cblr-12481	924	1	[	[	X
cblr-12481	924	2	https://perma.cc/a7pj-unps	https://perma.cc/a7pj-unps	NOUN
cblr-12481	924	3	]	]	PUNCT
cblr-12481	924	4	.	.	PUNCT
cblr-12481	925	1	172	172	NUM
cblr-12481	925	2	lucian	lucian	PROPN
cblr-12481	925	3	bebchuk	bebchuk	PROPN
cblr-12481	925	4	and	and	CCONJ
cblr-12481	925	5	robert	robert	PROPN
cblr-12481	925	6	jackson	jackson	PROPN
cblr-12481	925	7	argue	argue	VERB
cblr-12481	925	8	that	that	SCONJ
cblr-12481	925	9	political	political	ADJ
cblr-12481	925	10	speech	speech	NOUN
cblr-12481	925	11	decisions	decision	NOUN
cblr-12481	925	12	are	be	AUX
cblr-12481	925	13	“	"	PUNCT
cblr-12481	925	14	substantially	substantially	ADV
cblr-12481	925	15	different	different	ADJ
cblr-12481	925	16	from	from	ADP
cblr-12481	925	17	”	"	PUNCT
cblr-12481	925	18	ordinary	ordinary	ADJ
cblr-12481	925	19	business	business	NOUN
cblr-12481	925	20	decisions	decision	NOUN
cblr-12481	925	21	and	and	CCONJ
cblr-12481	925	22	that	that	SCONJ
cblr-12481	925	23	they	they	PRON
cblr-12481	925	24	should	should	AUX
cblr-12481	925	25	be	be	AUX
cblr-12481	925	26	subject	subject	ADJ
cblr-12481	925	27	to	to	ADP
cblr-12481	925	28	different	different	ADJ
cblr-12481	925	29	rules	rule	NOUN
cblr-12481	925	30	that	that	PRON
cblr-12481	925	31	grant	grant	VERB
cblr-12481	925	32	control	control	NOUN
cblr-12481	925	33	to	to	ADP
cblr-12481	925	34	shareholders	shareholder	NOUN
cblr-12481	925	35	instead	instead	ADV
cblr-12481	925	36	of	of	ADP
cblr-12481	925	37	managers	manager	NOUN
cblr-12481	925	38	.	.	PUNCT
cblr-12481	926	1	their	their	PRON
cblr-12481	926	2	argument	argument	NOUN
cblr-12481	926	3	offers	offer	VERB
cblr-12481	926	4	a	a	DET
cblr-12481	926	5	blunt	blunt	ADJ
cblr-12481	926	6	solution	solution	NOUN
cblr-12481	926	7	to	to	ADP
cblr-12481	926	8	the	the	DET
cblr-12481	926	9	complexities	complexity	NOUN
cblr-12481	926	10	of	of	ADP
cblr-12481	926	11	overlapping	overlap	VERB
cblr-12481	926	12	instrumental	instrumental	ADJ
cblr-12481	926	13	and	and	CCONJ
cblr-12481	926	14	expressive	expressive	ADJ
cblr-12481	926	15	aspects	aspect	NOUN
cblr-12481	926	16	of	of	ADP
cblr-12481	926	17	corporate	corporate	ADJ
cblr-12481	926	18	political	political	ADJ
cblr-12481	926	19	activity	activity	NOUN
cblr-12481	926	20	and	and	CCONJ
cblr-12481	926	21	seeks	seek	VERB
cblr-12481	926	22	to	to	PART
cblr-12481	926	23	expand	expand	VERB
cblr-12481	926	24	shareholder	shareholder	NOUN
cblr-12481	926	25	control	control	NOUN
cblr-12481	926	26	as	as	ADP
cblr-12481	926	27	the	the	DET
cblr-12481	926	28	remedy	remedy	NOUN
cblr-12481	926	29	to	to	ADP
cblr-12481	926	30	potential	potential	ADJ
cblr-12481	926	31	managerial	managerial	ADJ
cblr-12481	926	32	rent	rent	NOUN
cblr-12481	926	33	-	-	PUNCT
cblr-12481	926	34	seeking	seeking	NOUN
cblr-12481	926	35	.	.	PUNCT
cblr-12481	927	1	they	they	PRON
cblr-12481	927	2	propose	propose	VERB
cblr-12481	927	3	rules	rule	NOUN
cblr-12481	927	4	to	to	PART
cblr-12481	927	5	“	"	PUNCT
cblr-12481	927	6	(	(	PUNCT
cblr-12481	927	7	i	i	NOUN
cblr-12481	927	8	)	)	PUNCT
cblr-12481	927	9	provide	provide	VERB
cblr-12481	927	10	shareholders	shareholder	NOUN
cblr-12481	927	11	with	with	ADP
cblr-12481	927	12	a	a	DET
cblr-12481	927	13	role	role	NOUN
cblr-12481	927	14	in	in	ADP
cblr-12481	927	15	determining	determine	VERB
cblr-12481	927	16	the	the	DET
cblr-12481	927	17	amount	amount	NOUN
cblr-12481	927	18	and	and	CCONJ
cblr-12481	927	19	targets	target	NOUN
cblr-12481	927	20	of	of	ADP
cblr-12481	927	21	corporate	corporate	ADJ
cblr-12481	927	22	political	political	ADJ
cblr-12481	927	23	spending	spending	NOUN
cblr-12481	927	24	;	;	PUNCT
cblr-12481	927	25	(	(	PUNCT
cblr-12481	927	26	ii	ii	NOUN
cblr-12481	927	27	)	)	PUNCT
cblr-12481	927	28	require	require	VERB
cblr-12481	927	29	that	that	SCONJ
cblr-12481	927	30	independent	independent	ADJ
cblr-12481	927	31	directors	director	NOUN
cblr-12481	927	32	oversee	oversee	VERB
cblr-12481	927	33	corporate	corporate	ADJ
cblr-12481	927	34	political	political	ADJ
cblr-12481	927	35	speech	speech	NOUN
cblr-12481	927	36	decisions	decision	NOUN
cblr-12481	927	37	;	;	PUNCT
cblr-12481	927	38	(	(	PUNCT
cblr-12481	927	39	iii	iii	X
cblr-12481	927	40	)	)	PUNCT
cblr-12481	927	41	allow	allow	VERB
cblr-12481	927	42	shareholders	shareholder	NOUN
cblr-12481	927	43	to	to	PART
cblr-12481	927	44	opt	opt	VERB
cblr-12481	927	45	out	out	ADP
cblr-12481	927	46	of	of	ADP
cblr-12481	927	47	.	.	PUNCT
cblr-12481	927	48	.	.	PUNCT
cblr-12481	927	49	.	.	PUNCT
cblr-12481	928	1	each	each	PRON
cblr-12481	928	2	of	of	ADP
cblr-12481	928	3	these	these	DET
cblr-12481	928	4	first	first	ADJ
cblr-12481	928	5	two	two	NUM
cblr-12481	928	6	rules	rule	NOUN
cblr-12481	928	7	;	;	PUNCT
cblr-12481	928	8	and	and	CCONJ
cblr-12481	928	9	(	(	PUNCT
cblr-12481	928	10	iv	iv	X
cblr-12481	928	11	)	)	PUNCT
cblr-12481	928	12	mandate	mandate	NOUN
cblr-12481	928	13	detailed	detailed	ADJ
cblr-12481	928	14	and	and	CCONJ
cblr-12481	928	15	robust	robust	ADJ
cblr-12481	928	16	disclosure	disclosure	NOUN
cblr-12481	928	17	to	to	ADP
cblr-12481	928	18	shareholders	shareholder	NOUN
cblr-12481	928	19	of	of	ADP
cblr-12481	928	20	the	the	DET
cblr-12481	928	21	amounts	amount	NOUN
cblr-12481	928	22	and	and	CCONJ
cblr-12481	928	23	beneficiaries	beneficiary	NOUN
cblr-12481	928	24	of	of	ADP
cblr-12481	928	25	a	a	DET
cblr-12481	928	26	corporation	corporation	NOUN
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cblr-12481	928	28	political	political	ADJ
cblr-12481	928	29	spending	spending	NOUN
cblr-12481	928	30	,	,	PUNCT
cblr-12481	928	31	whether	whether	SCONJ
cblr-12481	928	32	made	make	VERB
cblr-12481	928	33	directly	directly	ADV
cblr-12481	928	34	by	by	ADP
cblr-12481	928	35	the	the	DET
cblr-12481	928	36	company	company	NOUN
cblr-12481	928	37	or	or	CCONJ
cblr-12481	928	38	indirectly	indirectly	ADV
cblr-12481	928	39	through	through	ADP
cblr-12481	928	40	intermediaries	intermediary	NOUN
cblr-12481	928	41	.	.	PUNCT
cblr-12481	928	42	”	"	PUNCT
cblr-12481	928	43	see	see	VERB
cblr-12481	928	44	bebchuk	bebchuk	PROPN
cblr-12481	928	45	&	&	CCONJ
cblr-12481	928	46	jackson	jackson	PROPN
cblr-12481	928	47	,	,	PUNCT
cblr-12481	928	48	jr	jr	PROPN
cblr-12481	928	49	.	.	PROPN
cblr-12481	928	50	,	,	PUNCT
cblr-12481	928	51	supra	supra	PROPN
cblr-12481	928	52	note	note	PROPN
cblr-12481	928	53	34	34	NUM
cblr-12481	928	54	,	,	PUNCT
cblr-12481	928	55	at	at	ADP
cblr-12481	928	56	84	84	NUM
cblr-12481	928	57	.	.	PUNCT
cblr-12481	929	1	173	173	NUM
cblr-12481	929	2	see	see	VERB
cblr-12481	929	3	,	,	PUNCT
cblr-12481	929	4	e.g.	e.g.	ADV
cblr-12481	929	5	,	,	PUNCT
cblr-12481	929	6	lund	lund	PROPN
cblr-12481	929	7	and	and	CCONJ
cblr-12481	929	8	strine	strine	PROPN
cblr-12481	929	9	,	,	PUNCT
cblr-12481	929	10	jr	jr	PROPN
cblr-12481	929	11	.	.	PROPN
cblr-12481	929	12	,	,	PUNCT
cblr-12481	929	13	supra	supra	PROPN
cblr-12481	929	14	note	note	PROPN
cblr-12481	929	15	169	169	NUM
cblr-12481	929	16	.	.	PUNCT
cblr-12481	930	1	this	this	DET
cblr-12481	930	2	solution	solution	NOUN
cblr-12481	930	3	has	have	AUX
cblr-12481	930	4	limited	limit	VERB
cblr-12481	930	5	political	political	ADJ
cblr-12481	930	6	traction	traction	NOUN
cblr-12481	930	7	.	.	PUNCT
cblr-12481	931	1	the	the	DET
cblr-12481	931	2	sec	sec	PROPN
cblr-12481	931	3	currently	currently	ADV
cblr-12481	931	4	faces	face	VERB
cblr-12481	931	5	a	a	DET
cblr-12481	931	6	ban	ban	NOUN
cblr-12481	931	7	on	on	ADP
cblr-12481	931	8	issuing	issue	VERB
cblr-12481	931	9	corporate	corporate	ADJ
cblr-12481	931	10	political	political	ADJ
cblr-12481	931	11	spending	spending	NOUN
cblr-12481	931	12	disclosure	disclosure	NOUN
cblr-12481	931	13	rules	rule	NOUN
cblr-12481	931	14	.	.	PUNCT
cblr-12481	932	1	the	the	DET
cblr-12481	932	2	fiscal	fiscal	ADJ
cblr-12481	932	3	2022	2022	NUM
cblr-12481	932	4	appropriations	appropriation	NOUN
cblr-12481	932	5	deal	deal	NOUN
cblr-12481	932	6	announced	announce	VERB
cblr-12481	932	7	on	on	ADP
cblr-12481	932	8	march	march	PROPN
cblr-12481	932	9	9	9	NUM
cblr-12481	932	10	,	,	PUNCT
cblr-12481	932	11	2022	2022	NUM
cblr-12481	932	12	maintains	maintain	VERB
cblr-12481	932	13	the	the	DET
cblr-12481	932	14	ban	ban	NOUN
cblr-12481	932	15	.	.	PUNCT
cblr-12481	933	1	see	see	VERB
cblr-12481	933	2	bill	bill	PROPN
cblr-12481	933	3	flook	flook	PROPN
cblr-12481	933	4	,	,	PUNCT
cblr-12481	933	5	budget	budget	NOUN
cblr-12481	933	6	deal	deal	NOUN
cblr-12481	933	7	preserves	preserve	VERB
cblr-12481	933	8	ban	ban	NOUN
cblr-12481	933	9	on	on	ADP
cblr-12481	933	10	sec	sec	PROPN
cblr-12481	933	11	political	political	ADJ
cblr-12481	933	12	spending	spending	NOUN
cblr-12481	933	13	disclosure	disclosure	NOUN
cblr-12481	933	14	rule	rule	NOUN
cblr-12481	933	15	,	,	PUNCT
cblr-12481	933	16	thomson	thomson	PROPN
cblr-12481	933	17	reuters	reuters	PROPN
cblr-12481	933	18	(	(	PUNCT
cblr-12481	933	19	mar	mar	PROPN
cblr-12481	933	20	.	.	PROPN
cblr-12481	933	21	10	10	NUM
cblr-12481	933	22	,	,	PUNCT
cblr-12481	933	23	2022	2022	NUM
cblr-12481	933	24	)	)	PUNCT
cblr-12481	933	25	,	,	PUNCT
cblr-12481	933	26	https://tax.thomsonreuters.com/news/budget-dealpreserves-ban-on-sec-political-spending-disclosure-rule/	https://tax.thomsonreuters.com/news/budget-dealpreserves-ban-on-sec-political-spending-disclosure-rule/	NOUN
cblr-12481	933	27	[	[	X
cblr-12481	933	28	https://perma.cc/ap24-49jm	https://perma.cc/ap24-49jm	X
cblr-12481	933	29	]	]	X
cblr-12481	933	30	.	.	PUNCT
cblr-12481	934	1	174	174	NUM
cblr-12481	934	2	though	though	SCONJ
cblr-12481	934	3	legal	legal	ADJ
cblr-12481	934	4	obstacles	obstacle	NOUN
cblr-12481	934	5	currently	currently	ADV
cblr-12481	934	6	prevent	prevent	VERB
cblr-12481	934	7	the	the	DET
cblr-12481	934	8	sec	sec	PROPN
cblr-12481	934	9	from	from	ADP
cblr-12481	934	10	issuing	issue	VERB
cblr-12481	934	11	rules	rule	NOUN
cblr-12481	934	12	concerning	concern	VERB
cblr-12481	934	13	political	political	ADJ
cblr-12481	934	14	spending	spending	NOUN
cblr-12481	934	15	,	,	PUNCT
cblr-12481	934	16	the	the	DET
cblr-12481	934	17	efficacy	efficacy	NOUN
cblr-12481	934	18	of	of	ADP
cblr-12481	934	19	a	a	DET
cblr-12481	934	20	disclosure	disclosure	NOUN
cblr-12481	934	21	regime	regime	NOUN
cblr-12481	934	22	may	may	AUX
cblr-12481	934	23	be	be	AUX
cblr-12481	934	24	limited	limit	VERB
cblr-12481	934	25	for	for	ADP
cblr-12481	934	26	other	other	ADJ
cblr-12481	934	27	reasons	reason	NOUN
cblr-12481	934	28	.	.	PUNCT
cblr-12481	935	1	if	if	SCONJ
cblr-12481	935	2	we	we	PRON
cblr-12481	935	3	accept	accept	VERB
cblr-12481	935	4	a	a	DET
cblr-12481	935	5	shareholder	shareholder	NOUN
cblr-12481	935	6	primacy	primacy	NOUN
cblr-12481	935	7	orientation	orientation	NOUN
cblr-12481	935	8	,	,	PUNCT
cblr-12481	935	9	then	then	ADV
cblr-12481	935	10	disclosure	disclosure	NOUN
cblr-12481	935	11	undermines	undermine	VERB
cblr-12481	935	12	the	the	DET
cblr-12481	935	13	instrumental	instrumental	ADJ
cblr-12481	935	14	function	function	NOUN
cblr-12481	935	15	of	of	ADP
cblr-12481	935	16	expressive	expressive	ADJ
cblr-12481	935	17	activities	activity	NOUN
cblr-12481	935	18	by	by	ADP
cblr-12481	935	19	putting	put	VERB
cblr-12481	935	20	on	on	ADP
cblr-12481	935	21	display	display	NOUN
cblr-12481	935	22	corporate	corporate	ADJ
cblr-12481	935	23	hypocrisy	hypocrisy	NOUN
cblr-12481	935	24	and	and	CCONJ
cblr-12481	935	25	extinguishing	extinguish	VERB
cblr-12481	935	26	its	its	PRON
cblr-12481	935	27	value	value	NOUN
cblr-12481	935	28	in	in	ADP
cblr-12481	935	29	generating	generate	VERB
cblr-12481	935	30	popular	popular	ADJ
cblr-12481	935	31	or	or	CCONJ
cblr-12481	935	32	employee	employee	NOUN
cblr-12481	935	33	goodwill	goodwill	NOUN
cblr-12481	935	34	.	.	PUNCT
cblr-12481	936	1	no	no	INTJ
cblr-12481	936	2	.	.	NOUN
cblr-12481	937	1	2	2	NUM
cblr-12481	937	2	]	]	X
cblr-12481	937	3	corporate	corporate	ADJ
cblr-12481	937	4	technocracy	technocracy	NOUN
cblr-12481	937	5	887	887	NUM
cblr-12481	937	6	example	example	NOUN
cblr-12481	937	7	,	,	PUNCT
cblr-12481	937	8	political	political	ADJ
cblr-12481	937	9	lobbying	lobbying	NOUN
cblr-12481	937	10	activities	activity	NOUN
cblr-12481	937	11	are	be	AUX
cblr-12481	937	12	instrumentally	instrumentally	ADV
cblr-12481	937	13	beneficial	beneficial	ADJ
cblr-12481	937	14	to	to	ADP
cblr-12481	937	15	corporate	corporate	ADJ
cblr-12481	937	16	purpose	purpose	NOUN
cblr-12481	937	17	if	if	SCONJ
cblr-12481	937	18	they	they	PRON
cblr-12481	937	19	produce	produce	VERB
cblr-12481	937	20	policies	policy	NOUN
cblr-12481	937	21	favorable	favorable	ADJ
cblr-12481	937	22	to	to	ADP
cblr-12481	937	23	a	a	DET
cblr-12481	937	24	specific	specific	ADJ
cblr-12481	937	25	company	company	NOUN
cblr-12481	937	26	or	or	CCONJ
cblr-12481	937	27	industry	industry	NOUN
cblr-12481	937	28	.	.	PUNCT
cblr-12481	938	1	publicly	publicly	ADV
cblr-12481	938	2	directed	direct	VERB
cblr-12481	938	3	political	political	ADJ
cblr-12481	938	4	statements	statement	NOUN
cblr-12481	938	5	and	and	CCONJ
cblr-12481	938	6	activities	activity	NOUN
cblr-12481	938	7	might	might	AUX
cblr-12481	938	8	also	also	ADV
cblr-12481	938	9	be	be	AUX
cblr-12481	938	10	instrumental	instrumental	ADJ
cblr-12481	938	11	to	to	ADP
cblr-12481	938	12	corporate	corporate	ADJ
cblr-12481	938	13	purpose	purpose	NOUN
cblr-12481	938	14	if	if	SCONJ
cblr-12481	938	15	they	they	PRON
cblr-12481	938	16	enhance	enhance	VERB
cblr-12481	938	17	a	a	DET
cblr-12481	938	18	company	company	NOUN
cblr-12481	938	19	’s	’s	PART
cblr-12481	938	20	social	social	ADJ
cblr-12481	938	21	or	or	CCONJ
cblr-12481	938	22	political	political	ADJ
cblr-12481	938	23	license	license	NOUN
cblr-12481	938	24	to	to	PART
cblr-12481	938	25	operate	operate	VERB
cblr-12481	938	26	.	.	PUNCT
cblr-12481	939	1	purely	purely	ADV
cblr-12481	939	2	instrumental	instrumental	ADJ
cblr-12481	939	3	political	political	ADJ
cblr-12481	939	4	speech	speech	NOUN
cblr-12481	939	5	falls	fall	VERB
cblr-12481	939	6	squarely	squarely	ADV
cblr-12481	939	7	within	within	ADP
cblr-12481	939	8	managers	manager	NOUN
cblr-12481	939	9	’	’	PART
cblr-12481	939	10	mandate	mandate	NOUN
cblr-12481	939	11	under	under	ADP
cblr-12481	939	12	a	a	DET
cblr-12481	939	13	conventional	conventional	ADJ
cblr-12481	939	14	shareholder	shareholder	NOUN
cblr-12481	939	15	primacy	primacy	NOUN
cblr-12481	939	16	paradigm	paradigm	NOUN
cblr-12481	939	17	.	.	PUNCT
cblr-12481	940	1	where	where	SCONJ
cblr-12481	940	2	there	there	PRON
cblr-12481	940	3	is	be	VERB
cblr-12481	940	4	an	an	DET
cblr-12481	940	5	overriding	override	VERB
cblr-12481	940	6	shareholder	shareholder	NOUN
cblr-12481	940	7	interest	interest	NOUN
cblr-12481	940	8	and	and	CCONJ
cblr-12481	940	9	a	a	DET
cblr-12481	940	10	utilitarian	utilitarian	ADJ
cblr-12481	940	11	strategy	strategy	NOUN
cblr-12481	940	12	,	,	PUNCT
cblr-12481	940	13	corporate	corporate	ADJ
cblr-12481	940	14	political	political	ADJ
cblr-12481	940	15	speech	speech	NOUN
cblr-12481	940	16	is	be	AUX
cblr-12481	940	17	defensible	defensible	ADJ
cblr-12481	940	18	as	as	ADP
cblr-12481	940	19	rational	rational	ADJ
cblr-12481	940	20	,	,	PUNCT
cblr-12481	940	21	ordinary	ordinary	ADJ
cblr-12481	940	22	business	business	NOUN
cblr-12481	940	23	decision	decision	NOUN
cblr-12481	940	24	-	-	PUNCT
cblr-12481	940	25	making	making	NOUN
cblr-12481	940	26	.	.	PUNCT
cblr-12481	941	1	for	for	ADP
cblr-12481	941	2	instrumental	instrumental	ADJ
cblr-12481	941	3	political	political	ADJ
cblr-12481	941	4	speech	speech	NOUN
cblr-12481	941	5	,	,	PUNCT
cblr-12481	941	6	oversight	oversight	NOUN
cblr-12481	941	7	requires	require	VERB
cblr-12481	941	8	disclosure	disclosure	NOUN
cblr-12481	941	9	,	,	PUNCT
cblr-12481	941	10	and	and	CCONJ
cblr-12481	941	11	substantiation	substantiation	NOUN
cblr-12481	941	12	through	through	ADP
cblr-12481	941	13	a	a	DET
cblr-12481	941	14	bureaucratic	bureaucratic	ADJ
cblr-12481	941	15	and	and	CCONJ
cblr-12481	941	16	institutionalized	institutionalize	VERB
cblr-12481	941	17	procedural	procedural	ADJ
cblr-12481	941	18	pathway	pathway	NOUN
cblr-12481	941	19	.	.	PUNCT
cblr-12481	942	1	managerial	managerial	ADJ
cblr-12481	942	2	rentseeking	rentseeking	NOUN
cblr-12481	942	3	can	can	AUX
cblr-12481	942	4	be	be	AUX
cblr-12481	942	5	disciplined	discipline	VERB
cblr-12481	942	6	through	through	ADP
cblr-12481	942	7	levers	lever	NOUN
cblr-12481	942	8	available	available	ADJ
cblr-12481	942	9	to	to	ADP
cblr-12481	942	10	shareholders	shareholder	NOUN
cblr-12481	942	11	through	through	ADP
cblr-12481	942	12	caremark	caremark	NOUN
cblr-12481	942	13	,	,	PUNCT
cblr-12481	942	14	section-10b	section-10b	PROPN
cblr-12481	942	15	,	,	PUNCT
cblr-12481	942	16	and	and	CCONJ
cblr-12481	942	17	books	book	NOUN
cblr-12481	942	18	and	and	CCONJ
cblr-12481	942	19	records	record	NOUN
cblr-12481	942	20	claims	claim	NOUN
cblr-12481	942	21	.	.	PUNCT
cblr-12481	943	1	however	however	ADV
cblr-12481	943	2	,	,	PUNCT
cblr-12481	943	3	where	where	SCONJ
cblr-12481	943	4	political	political	ADJ
cblr-12481	943	5	speech	speech	NOUN
cblr-12481	943	6	is	be	AUX
cblr-12481	943	7	purely	purely	ADV
cblr-12481	943	8	expressive	expressive	ADJ
cblr-12481	943	9	and	and	CCONJ
cblr-12481	943	10	corporate	corporate	ADJ
cblr-12481	943	11	executives	executive	NOUN
cblr-12481	943	12	claim	claim	VERB
cblr-12481	943	13	to	to	PART
cblr-12481	943	14	advance	advance	VERB
cblr-12481	943	15	their	their	PRON
cblr-12481	943	16	own	own	ADJ
cblr-12481	943	17	visions	vision	NOUN
cblr-12481	943	18	of	of	ADP
cblr-12481	943	19	the	the	DET
cblr-12481	943	20	common	common	ADJ
cblr-12481	943	21	good	good	NOUN
cblr-12481	943	22	,	,	PUNCT
cblr-12481	943	23	apart	apart	ADV
cblr-12481	943	24	from	from	ADP
cblr-12481	943	25	corporate	corporate	ADJ
cblr-12481	943	26	value	value	NOUN
cblr-12481	943	27	,	,	PUNCT
cblr-12481	943	28	then	then	ADV
cblr-12481	943	29	the	the	DET
cblr-12481	943	30	interests	interest	NOUN
cblr-12481	943	31	of	of	ADP
cblr-12481	943	32	shareholder	shareholder	NOUN
cblr-12481	943	33	principals	principal	NOUN
cblr-12481	943	34	have	have	AUX
cblr-12481	943	35	been	be	AUX
cblr-12481	943	36	effectively	effectively	ADV
cblr-12481	943	37	substituted	substitute	VERB
cblr-12481	943	38	with	with	ADP
cblr-12481	943	39	the	the	DET
cblr-12481	943	40	public	public	ADJ
cblr-12481	943	41	welfare	welfare	NOUN
cblr-12481	943	42	.	.	PUNCT
cblr-12481	944	1	these	these	DET
cblr-12481	944	2	types	type	NOUN
cblr-12481	944	3	of	of	ADP
cblr-12481	944	4	decisions	decision	NOUN
cblr-12481	944	5	create	create	VERB
cblr-12481	944	6	the	the	DET
cblr-12481	944	7	structurally	structurally	ADV
cblr-12481	944	8	unaccountable	unaccountable	ADJ
cblr-12481	944	9	managerial	managerial	ADJ
cblr-12481	944	10	discretion	discretion	NOUN
cblr-12481	944	11	that	that	PRON
cblr-12481	944	12	critics	critic	NOUN
cblr-12481	944	13	point	point	VERB
cblr-12481	944	14	to	to	ADP
cblr-12481	944	15	.	.	PUNCT
cblr-12481	945	1	3	3	X
cblr-12481	945	2	.	.	X
cblr-12481	945	3	dei	dei	NOUN
cblr-12481	945	4	diversity	diversity	NOUN
cblr-12481	945	5	has	have	AUX
cblr-12481	945	6	been	be	AUX
cblr-12481	945	7	an	an	DET
cblr-12481	945	8	emerging	emerge	VERB
cblr-12481	945	9	esg	esg	NOUN
cblr-12481	945	10	objective	objective	NOUN
cblr-12481	945	11	for	for	ADP
cblr-12481	945	12	over	over	ADP
cblr-12481	945	13	30	30	NUM
cblr-12481	945	14	years.175	years.175	NOUN
cblr-12481	945	15	more	more	ADV
cblr-12481	945	16	recently	recently	ADV
cblr-12481	945	17	,	,	PUNCT
cblr-12481	945	18	a	a	DET
cblr-12481	945	19	broad	broad	ADJ
cblr-12481	945	20	set	set	NOUN
cblr-12481	945	21	of	of	ADP
cblr-12481	945	22	actors	actor	NOUN
cblr-12481	945	23	and	and	CCONJ
cblr-12481	945	24	activities	activity	NOUN
cblr-12481	945	25	175	175	NUM
cblr-12481	945	26	shareholders	shareholder	NOUN
cblr-12481	945	27	have	have	AUX
cblr-12481	945	28	promoted	promote	VERB
cblr-12481	945	29	a	a	DET
cblr-12481	945	30	corporate	corporate	ADJ
cblr-12481	945	31	diversity	diversity	NOUN
cblr-12481	945	32	agenda	agenda	NOUN
cblr-12481	945	33	and	and	CCONJ
cblr-12481	945	34	lobbied	lobby	VERB
cblr-12481	945	35	for	for	ADP
cblr-12481	945	36	integrating	integrate	VERB
cblr-12481	945	37	it	it	PRON
cblr-12481	945	38	into	into	ADP
cblr-12481	945	39	decision	decision	NOUN
cblr-12481	945	40	-	-	PUNCT
cblr-12481	945	41	making	making	NOUN
cblr-12481	945	42	since	since	SCONJ
cblr-12481	945	43	the	the	DET
cblr-12481	945	44	early	early	ADJ
cblr-12481	945	45	1990s	1990	NOUN
cblr-12481	945	46	,	,	PUNCT
cblr-12481	945	47	when	when	SCONJ
cblr-12481	945	48	a	a	DET
cblr-12481	945	49	national	national	ADJ
cblr-12481	945	50	focus	focus	NOUN
cblr-12481	945	51	on	on	ADP
cblr-12481	945	52	the	the	DET
cblr-12481	945	53	gender	gender	NOUN
cblr-12481	945	54	gap	gap	NOUN
cblr-12481	945	55	in	in	ADP
cblr-12481	945	56	corporate	corporate	ADJ
cblr-12481	945	57	leadership	leadership	NOUN
cblr-12481	945	58	inspired	inspire	VERB
cblr-12481	945	59	the	the	DET
cblr-12481	945	60	“	"	PUNCT
cblr-12481	945	61	glass	glass	NOUN
cblr-12481	945	62	ceiling	ceiling	NOUN
cblr-12481	945	63	commission	commission	PROPN
cblr-12481	945	64	.	.	PUNCT
cblr-12481	945	65	”	"	PUNCT
cblr-12481	946	1	shareholder	shareholder	NOUN
cblr-12481	946	2	proposals	proposal	NOUN
cblr-12481	946	3	on	on	ADP
cblr-12481	946	4	gender	gender	NOUN
cblr-12481	946	5	diversity	diversity	NOUN
cblr-12481	946	6	followed	follow	VERB
cblr-12481	946	7	the1991	the1991	PROPN
cblr-12481	946	8	bipartisan	bipartisan	ADJ
cblr-12481	946	9	“	"	PUNCT
cblr-12481	946	10	glass	glass	NOUN
cblr-12481	946	11	ceiling	ceiling	NOUN
cblr-12481	946	12	commission	commission	PROPN
cblr-12481	946	13	”	"	PUNCT
cblr-12481	946	14	appointed	appoint	VERB
cblr-12481	946	15	by	by	ADP
cblr-12481	946	16	president	president	PROPN
cblr-12481	946	17	h.w	h.w	PROPN
cblr-12481	946	18	.	.	PROPN
cblr-12481	946	19	bush	bush	PROPN
cblr-12481	946	20	to	to	PART
cblr-12481	946	21	identify	identify	VERB
cblr-12481	946	22	“	"	PUNCT
cblr-12481	946	23	barriers	barrier	NOUN
cblr-12481	946	24	based	base	VERB
cblr-12481	946	25	on	on	ADP
cblr-12481	946	26	attitudinal	attitudinal	ADJ
cblr-12481	946	27	or	or	CCONJ
cblr-12481	946	28	organizational	organizational	ADJ
cblr-12481	946	29	bias	bias	NOUN
cblr-12481	946	30	that	that	PRON
cblr-12481	946	31	prevent	prevent	VERB
cblr-12481	946	32	qualified	qualified	ADJ
cblr-12481	946	33	individuals	individual	NOUN
cblr-12481	946	34	from	from	ADP
cblr-12481	946	35	advancing	advance	VERB
cblr-12481	946	36	upward	upward	ADV
cblr-12481	946	37	in	in	ADP
cblr-12481	946	38	their	their	PRON
cblr-12481	946	39	organization	organization	NOUN
cblr-12481	946	40	into	into	ADP
cblr-12481	946	41	management	management	NOUN
cblr-12481	946	42	-	-	PUNCT
cblr-12481	946	43	level	level	NOUN
cblr-12481	946	44	positions	position	NOUN
cblr-12481	946	45	.	.	PUNCT
cblr-12481	946	46	”	"	PUNCT
cblr-12481	947	1	u.s	u.s	PROPN
cblr-12481	947	2	.	.	PROPN
cblr-12481	947	3	dep’t	dep’t	NOUN
cblr-12481	947	4	of	of	ADP
cblr-12481	947	5	lab	lab	NOUN
cblr-12481	947	6	.	.	PUNCT
cblr-12481	947	7	,	,	PUNCT
cblr-12481	947	8	the	the	DET
cblr-12481	947	9	glass	glass	NOUN
cblr-12481	947	10	ceiling	ceiling	NOUN
cblr-12481	947	11	initiative	initiative	NOUN
cblr-12481	947	12	.	.	PUNCT
cblr-12481	948	1	a	a	DET
cblr-12481	948	2	report	report	NOUN
cblr-12481	948	3	.	.	PUNCT
cblr-12481	949	1	(	(	PUNCT
cblr-12481	949	2	1991	1991	NUM
cblr-12481	949	3	)	)	PUNCT
cblr-12481	949	4	,	,	PUNCT
cblr-12481	950	1	https://files.eric.ed.gov/fulltext/ed340653.pdf	https://files.eric.ed.gov/fulltext/ed340653.pdf	X
cblr-12481	950	2	[	[	X
cblr-12481	950	3	https://perma.cc/ta7b779w	https://perma.cc/ta7b779w	X
cblr-12481	950	4	]	]	PUNCT
cblr-12481	950	5	.	.	PUNCT
cblr-12481	951	1	shortly	shortly	ADV
cblr-12481	951	2	after	after	SCONJ
cblr-12481	951	3	the	the	DET
cblr-12481	951	4	commission	commission	NOUN
cblr-12481	951	5	issued	issue	VERB
cblr-12481	951	6	its	its	PRON
cblr-12481	951	7	report	report	NOUN
cblr-12481	951	8	,	,	PUNCT
cblr-12481	951	9	a	a	DET
cblr-12481	951	10	coalition	coalition	NOUN
cblr-12481	951	11	of	of	ADP
cblr-12481	951	12	investors	investor	NOUN
cblr-12481	951	13	began	begin	VERB
cblr-12481	951	14	filing	file	VERB
cblr-12481	951	15	shareholder	shareholder	NOUN
cblr-12481	951	16	proposals	proposal	NOUN
cblr-12481	951	17	requesting	request	VERB
cblr-12481	951	18	that	that	SCONJ
cblr-12481	951	19	companies	company	NOUN
cblr-12481	951	20	publicly	publicly	ADV
cblr-12481	951	21	disclose	disclose	VERB
cblr-12481	951	22	federal	federal	ADJ
cblr-12481	951	23	diversity	diversity	NOUN
cblr-12481	951	24	data	datum	NOUN
cblr-12481	951	25	submitted	submit	VERB
cblr-12481	951	26	annually	annually	ADV
cblr-12481	951	27	to	to	ADP
cblr-12481	951	28	the	the	DET
cblr-12481	951	29	equal	equal	ADJ
cblr-12481	951	30	employment	employment	NOUN
cblr-12481	951	31	opportunity	opportunity	NOUN
cblr-12481	951	32	commission	commission	NOUN
cblr-12481	951	33	and	and	CCONJ
cblr-12481	951	34	the	the	DET
cblr-12481	951	35	department	department	NOUN
cblr-12481	951	36	of	of	ADP
cblr-12481	951	37	labor	labor	NOUN
cblr-12481	951	38	.	.	PUNCT
cblr-12481	952	1	for	for	ADP
cblr-12481	952	2	example	example	NOUN
cblr-12481	952	3	,	,	PUNCT
cblr-12481	952	4	888	888	NUM
cblr-12481	952	5	columbia	columbia	PROPN
cblr-12481	952	6	business	business	PROPN
cblr-12481	952	7	law	law	PROPN
cblr-12481	952	8	review	review	NOUN
cblr-12481	952	9	[	[	X
cblr-12481	952	10	vol	vol	NOUN
cblr-12481	952	11	.	.	PUNCT
cblr-12481	952	12	2023	2023	NUM
cblr-12481	952	13	have	have	AUX
cblr-12481	952	14	brought	bring	VERB
cblr-12481	952	15	diversity	diversity	NOUN
cblr-12481	952	16	to	to	ADP
cblr-12481	952	17	the	the	DET
cblr-12481	952	18	forefront	forefront	NOUN
cblr-12481	952	19	of	of	ADP
cblr-12481	952	20	corporate	corporate	ADJ
cblr-12481	952	21	esg	esg	NOUN
cblr-12481	952	22	priorities	priority	NOUN
cblr-12481	952	23	,	,	PUNCT
cblr-12481	952	24	with	with	ADP
cblr-12481	952	25	advocates	advocate	NOUN
cblr-12481	952	26	citing	cite	VERB
cblr-12481	952	27	material	material	NOUN
cblr-12481	952	28	implications	implication	NOUN
cblr-12481	952	29	for	for	ADP
cblr-12481	952	30	corporate	corporate	ADJ
cblr-12481	952	31	performance.176	performance.176	NOUN
cblr-12481	952	32	financial	financial	ADJ
cblr-12481	952	33	services	service	NOUN
cblr-12481	952	34	firms	firm	NOUN
cblr-12481	952	35	and	and	CCONJ
cblr-12481	952	36	consultants	consultant	NOUN
cblr-12481	952	37	have	have	AUX
cblr-12481	952	38	made	make	VERB
cblr-12481	952	39	the	the	DET
cblr-12481	952	40	case	case	NOUN
cblr-12481	952	41	for	for	ADP
cblr-12481	952	42	a	a	DET
cblr-12481	952	43	positive	positive	ADJ
cblr-12481	952	44	relationship	relationship	NOUN
cblr-12481	952	45	between	between	ADP
cblr-12481	952	46	trillium	trillium	NOUN
cblr-12481	952	47	asset	asset	NOUN
cblr-12481	952	48	management	management	NOUN
cblr-12481	952	49	filed	file	VERB
cblr-12481	952	50	a	a	DET
cblr-12481	952	51	proposal	proposal	NOUN
cblr-12481	952	52	with	with	ADP
cblr-12481	952	53	home	home	NOUN
cblr-12481	952	54	depot	depot	NOUN
cblr-12481	952	55	for	for	ADP
cblr-12481	952	56	three	three	NUM
cblr-12481	952	57	years	year	NOUN
cblr-12481	952	58	in	in	ADP
cblr-12481	952	59	a	a	DET
cblr-12481	952	60	row	row	NOUN
cblr-12481	952	61	beginning	beginning	NOUN
cblr-12481	952	62	in	in	ADP
cblr-12481	952	63	1998	1998	NUM
cblr-12481	952	64	and	and	CCONJ
cblr-12481	952	65	garnered	garner	VERB
cblr-12481	952	66	more	more	ADJ
cblr-12481	952	67	than	than	ADP
cblr-12481	952	68	10	10	NUM
cblr-12481	952	69	%	%	NOUN
cblr-12481	952	70	support	support	NOUN
cblr-12481	952	71	each	each	DET
cblr-12481	952	72	year	year	NOUN
cblr-12481	952	73	.	.	PUNCT
cblr-12481	953	1	susan	susan	PROPN
cblr-12481	953	2	baker	baker	PROPN
cblr-12481	953	3	&	&	CCONJ
cblr-12481	953	4	randy	randy	PROPN
cblr-12481	953	5	rice	rice	PROPN
cblr-12481	953	6	,	,	PUNCT
cblr-12481	953	7	two	two	NUM
cblr-12481	953	8	decades	decade	NOUN
cblr-12481	953	9	later	later	ADV
cblr-12481	953	10	,	,	PUNCT
cblr-12481	953	11	trillium	trillium	NOUN
cblr-12481	953	12	still	still	ADV
cblr-12481	953	13	engaging	engage	VERB
cblr-12481	953	14	companies	company	NOUN
cblr-12481	953	15	on	on	ADP
cblr-12481	953	16	diversity	diversity	NOUN
cblr-12481	953	17	,	,	PUNCT
cblr-12481	953	18	trillium	trillium	NOUN
cblr-12481	953	19	(	(	PUNCT
cblr-12481	953	20	jun	jun	PROPN
cblr-12481	953	21	.	.	PROPN
cblr-12481	953	22	16	16	NUM
cblr-12481	953	23	,	,	PUNCT
cblr-12481	953	24	2014	2014	NUM
cblr-12481	953	25	)	)	PUNCT
cblr-12481	953	26	,	,	PUNCT
cblr-12481	953	27	https://archive.trilliuminvest.com/2014/06/16/two-decades-later-trillium-still-engaging-companies-on-diversity/	https://archive.trilliuminvest.com/2014/06/16/two-decades-later-trillium-still-engaging-companies-on-diversity/	X
cblr-12481	954	1	[	[	X
cblr-12481	954	2	https://perma.cc/ks5r-xj4	https://perma.cc/ks5r-xj4	X
cblr-12481	954	3	t	t	X
cblr-12481	954	4	]	]	PUNCT
cblr-12481	954	5	.	.	PUNCT
cblr-12481	955	1	beginning	begin	VERB
cblr-12481	955	2	in	in	ADP
cblr-12481	955	3	2005	2005	NUM
cblr-12481	955	4	,	,	PUNCT
cblr-12481	955	5	investors	investor	NOUN
cblr-12481	955	6	were	be	AUX
cblr-12481	955	7	reaching	reach	VERB
cblr-12481	955	8	agreements	agreement	NOUN
cblr-12481	955	9	on	on	ADP
cblr-12481	955	10	eeo-1	eeo-1	NUM
cblr-12481	955	11	disclosure	disclosure	NOUN
cblr-12481	955	12	at	at	ADP
cblr-12481	955	13	american	american	PROPN
cblr-12481	955	14	express	express	PROPN
cblr-12481	955	15	,	,	PUNCT
cblr-12481	955	16	ibm	ibm	PROPN
cblr-12481	955	17	,	,	PUNCT
cblr-12481	955	18	merck	merck	PROPN
cblr-12481	955	19	,	,	PUNCT
cblr-12481	955	20	hewlett	hewlett	PROPN
cblr-12481	955	21	packard	packard	PROPN
cblr-12481	955	22	,	,	PUNCT
cblr-12481	955	23	walmart	walmart	PROPN
cblr-12481	955	24	,	,	PUNCT
cblr-12481	955	25	and	and	CCONJ
cblr-12481	955	26	intel	intel	PROPN
cblr-12481	955	27	.	.	PROPN
cblr-12481	955	28	176	176	NUM
cblr-12481	955	29	in	in	ADP
cblr-12481	955	30	january	january	PROPN
cblr-12481	955	31	2020	2020	NUM
cblr-12481	955	32	goldman	goldman	PROPN
cblr-12481	955	33	sachs	sachs	PROPN
cblr-12481	955	34	announced	announce	VERB
cblr-12481	955	35	that	that	SCONJ
cblr-12481	955	36	it	it	PRON
cblr-12481	955	37	would	would	AUX
cblr-12481	955	38	stop	stop	VERB
cblr-12481	955	39	underwriting	underwrite	VERB
cblr-12481	955	40	ipos	ipos	NOUN
cblr-12481	955	41	for	for	ADP
cblr-12481	955	42	u.s	u.s	PROPN
cblr-12481	955	43	.	.	PROPN
cblr-12481	955	44	and	and	CCONJ
cblr-12481	955	45	european	european	ADJ
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cblr-12481	955	47	that	that	PRON
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cblr-12481	955	50	have	have	VERB
cblr-12481	955	51	diverse	diverse	ADJ
cblr-12481	955	52	boards	board	NOUN
cblr-12481	955	53	that	that	PRON
cblr-12481	955	54	include	include	VERB
cblr-12481	955	55	representation	representation	NOUN
cblr-12481	955	56	from	from	ADP
cblr-12481	955	57	traditionally	traditionally	ADV
cblr-12481	955	58	underrepresented	underrepresented	ADJ
cblr-12481	955	59	groups	group	NOUN
cblr-12481	955	60	.	.	PUNCT
cblr-12481	956	1	jena	jena	PROPN
cblr-12481	956	2	mcgregor	mcgregor	PROPN
cblr-12481	956	3	,	,	PUNCT
cblr-12481	956	4	goldman	goldman	PROPN
cblr-12481	956	5	sachs	sachs	PROPN
cblr-12481	956	6	ceo	ceo	PROPN
cblr-12481	956	7	says	say	VERB
cblr-12481	956	8	it	it	PRON
cblr-12481	956	9	wo	will	AUX
cblr-12481	956	10	n’t	not	PART
cblr-12481	956	11	take	take	VERB
cblr-12481	956	12	a	a	DET
cblr-12481	956	13	company	company	NOUN
cblr-12481	956	14	public	public	ADJ
cblr-12481	956	15	without	without	ADP
cblr-12481	956	16	diversity	diversity	NOUN
cblr-12481	956	17	on	on	ADP
cblr-12481	956	18	its	its	PRON
cblr-12481	956	19	board	board	NOUN
cblr-12481	956	20	,	,	PUNCT
cblr-12481	956	21	wash	wash	NOUN
cblr-12481	956	22	.	.	PUNCT
cblr-12481	957	1	post	post	NOUN
cblr-12481	957	2	(	(	PUNCT
cblr-12481	957	3	jan	jan	PROPN
cblr-12481	957	4	.	.	PROPN
cblr-12481	957	5	23	23	NUM
cblr-12481	957	6	,	,	PUNCT
cblr-12481	957	7	2020	2020	NUM
cblr-12481	957	8	)	)	PUNCT
cblr-12481	957	9	,	,	PUNCT
cblr-12481	957	10	https://www.washingtonpost.com/business/2020/01/23/goldman-sachs-ceosays-it-wont-take-companies-public-without-diverse-board-member/	https://www.washingtonpost.com/business/2020/01/23/goldman-sachs-ceosays-it-wont-take-companies-public-without-diverse-board-member/	VERB
cblr-12481	957	11	[	[	X
cblr-12481	957	12	https://perma.cc/gn9y-pb32	https://perma.cc/gn9y-pb32	X
cblr-12481	957	13	]	]	X
cblr-12481	957	14	.	.	PUNCT
cblr-12481	958	1	at	at	ADP
cblr-12481	958	2	the	the	DET
cblr-12481	958	3	start	start	NOUN
cblr-12481	958	4	of	of	ADP
cblr-12481	958	5	the	the	DET
cblr-12481	958	6	2021	2021	NUM
cblr-12481	958	7	proxy	proxy	NOUN
cblr-12481	958	8	season	season	NOUN
cblr-12481	958	9	,	,	PUNCT
cblr-12481	958	10	the	the	DET
cblr-12481	958	11	big	big	ADJ
cblr-12481	958	12	three	three	NUM
cblr-12481	958	13	institutional	institutional	ADJ
cblr-12481	958	14	investors	investor	NOUN
cblr-12481	958	15	updated	update	VERB
cblr-12481	958	16	their	their	PRON
cblr-12481	958	17	guidance	guidance	NOUN
cblr-12481	958	18	and	and	CCONJ
cblr-12481	958	19	expectations	expectation	NOUN
cblr-12481	958	20	on	on	ADP
cblr-12481	958	21	diversity	diversity	NOUN
cblr-12481	958	22	and	and	CCONJ
cblr-12481	958	23	inclusion	inclusion	NOUN
cblr-12481	958	24	for	for	ADP
cblr-12481	958	25	portfolio	portfolio	NOUN
cblr-12481	958	26	companies	company	NOUN
cblr-12481	958	27	.	.	PUNCT
cblr-12481	959	1	in	in	ADP
cblr-12481	959	2	his	his	PRON
cblr-12481	959	3	2021	2021	NUM
cblr-12481	959	4	letter	letter	NOUN
cblr-12481	959	5	to	to	ADP
cblr-12481	959	6	investors	investor	NOUN
cblr-12481	959	7	,	,	PUNCT
cblr-12481	959	8	blackrock	blackrock	PROPN
cblr-12481	959	9	’s	’s	PART
cblr-12481	959	10	larry	larry	PROPN
cblr-12481	959	11	fink	fink	PROPN
cblr-12481	959	12	asked	ask	VERB
cblr-12481	959	13	ceos	ceo	NOUN
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cblr-12481	959	15	disclose	disclose	VERB
cblr-12481	959	16	their	their	PRON
cblr-12481	959	17	long	long	ADJ
cblr-12481	959	18	-	-	PUNCT
cblr-12481	959	19	term	term	NOUN
cblr-12481	959	20	plans	plan	NOUN
cblr-12481	959	21	to	to	PART
cblr-12481	959	22	improve	improve	VERB
cblr-12481	959	23	diversity	diversity	NOUN
cblr-12481	959	24	,	,	PUNCT
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cblr-12481	959	26	,	,	PUNCT
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cblr-12481	959	28	inclusion	inclusion	NOUN
cblr-12481	959	29	.	.	PUNCT
cblr-12481	960	1	larry	larry	PROPN
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cblr-12481	960	3	,	,	PUNCT
cblr-12481	960	4	larry	larry	PROPN
cblr-12481	960	5	fink	fink	PROPN
cblr-12481	960	6	’s	’s	PART
cblr-12481	960	7	2021	2021	NUM
cblr-12481	960	8	letter	letter	NOUN
cblr-12481	960	9	to	to	ADP
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cblr-12481	960	11	,	,	PUNCT
cblr-12481	960	12	blackrock	blackrock	NOUN
cblr-12481	960	13	,	,	PUNCT
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cblr-12481	961	1	[	[	X
cblr-12481	961	2	https://perma.cc/ae2s-skzb	https://perma.cc/ae2s-skzb	X
cblr-12481	961	3	]	]	X
cblr-12481	961	4	(	(	PUNCT
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cblr-12481	961	6	visited	visit	VERB
cblr-12481	961	7	dec	dec	PROPN
cblr-12481	961	8	.	.	PROPN
cblr-12481	961	9	22	22	NUM
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cblr-12481	961	11	2023	2023	NUM
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cblr-12481	961	13	(	(	PUNCT
cblr-12481	961	14	“	"	PUNCT
cblr-12481	961	15	as	as	SCONJ
cblr-12481	961	16	you	you	PRON
cblr-12481	961	17	issue	issue	VERB
cblr-12481	961	18	sustainability	sustainability	NOUN
cblr-12481	961	19	reports	report	NOUN
cblr-12481	961	20	,	,	PUNCT
cblr-12481	961	21	we	we	PRON
cblr-12481	961	22	ask	ask	VERB
cblr-12481	961	23	that	that	SCONJ
cblr-12481	961	24	your	your	PRON
cblr-12481	961	25	disclosures	disclosure	NOUN
cblr-12481	961	26	on	on	ADP
cblr-12481	961	27	talent	talent	NOUN
cblr-12481	961	28	strategy	strategy	NOUN
cblr-12481	961	29	fully	fully	ADV
cblr-12481	961	30	reflect	reflect	VERB
cblr-12481	961	31	your	your	PRON
cblr-12481	961	32	long	long	ADJ
cblr-12481	961	33	-	-	PUNCT
cblr-12481	961	34	term	term	NOUN
cblr-12481	961	35	plans	plan	NOUN
cblr-12481	961	36	to	to	PART
cblr-12481	961	37	improve	improve	VERB
cblr-12481	961	38	diversity	diversity	NOUN
cblr-12481	961	39	,	,	PUNCT
cblr-12481	961	40	equity	equity	NOUN
cblr-12481	961	41	,	,	PUNCT
cblr-12481	961	42	and	and	CCONJ
cblr-12481	961	43	inclusion	inclusion	NOUN
cblr-12481	961	44	,	,	PUNCT
cblr-12481	961	45	as	as	ADP
cblr-12481	961	46	appropriate	appropriate	ADJ
cblr-12481	961	47	by	by	ADP
cblr-12481	961	48	region	region	NOUN
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cblr-12481	962	1	state	state	PROPN
cblr-12481	962	2	street	street	PROPN
cblr-12481	962	3	global	global	ADJ
cblr-12481	962	4	advisors	advisor	NOUN
cblr-12481	962	5	similarly	similarly	ADV
cblr-12481	962	6	said	say	VERB
cblr-12481	962	7	it	it	PRON
cblr-12481	962	8	expected	expect	VERB
cblr-12481	962	9	all	all	DET
cblr-12481	962	10	companies	company	NOUN
cblr-12481	962	11	in	in	ADP
cblr-12481	962	12	its	its	PRON
cblr-12481	962	13	portfolio	portfolio	NOUN
cblr-12481	962	14	to	to	PART
cblr-12481	962	15	publicly	publicly	ADV
cblr-12481	962	16	“	"	PUNCT
cblr-12481	962	17	articulate	articulate	VERB
cblr-12481	962	18	the	the	DET
cblr-12481	962	19	role	role	NOUN
cblr-12481	962	20	diversity	diversity	NOUN
cblr-12481	962	21	plays	play	VERB
cblr-12481	962	22	in	in	ADP
cblr-12481	962	23	the	the	DET
cblr-12481	962	24	firm	firm	NOUN
cblr-12481	962	25	’s	’s	PART
cblr-12481	962	26	broader	broad	ADJ
cblr-12481	962	27	human	human	ADJ
cblr-12481	962	28	capital	capital	NOUN
cblr-12481	962	29	management	management	NOUN
cblr-12481	962	30	practices	practice	NOUN
cblr-12481	962	31	and	and	CCONJ
cblr-12481	962	32	long	long	ADJ
cblr-12481	962	33	-	-	PUNCT
cblr-12481	962	34	term	term	NOUN
cblr-12481	962	35	strategy	strategy	NOUN
cblr-12481	962	36	.	.	PUNCT
cblr-12481	962	37	”	"	PUNCT
cblr-12481	963	1	cyrus	cyrus	PROPN
cblr-12481	963	2	taraporevala	taraporevala	NOUN
cblr-12481	963	3	,	,	PUNCT
cblr-12481	963	4	guidance	guidance	NOUN
cblr-12481	963	5	on	on	ADP
cblr-12481	963	6	enhancing	enhance	VERB
cblr-12481	963	7	racial	racial	ADJ
cblr-12481	963	8	&	&	CCONJ
cblr-12481	963	9	ethnic	ethnic	ADJ
cblr-12481	963	10	diversity	diversity	NOUN
cblr-12481	963	11	disclosures	disclosure	NOUN
cblr-12481	963	12	,	,	PUNCT
cblr-12481	963	13	state	state	NOUN
cblr-12481	963	14	street	street	NOUN
cblr-12481	963	15	global	global	ADJ
cblr-12481	963	16	advisors	advisor	NOUN
cblr-12481	963	17	(	(	PUNCT
cblr-12481	963	18	jan	jan	PROPN
cblr-12481	963	19	.	.	PROPN
cblr-12481	963	20	11	11	NUM
cblr-12481	963	21	,	,	PUNCT
cblr-12481	963	22	2021	2021	NUM
cblr-12481	963	23	)	)	PUNCT
cblr-12481	963	24	,	,	PUNCT
cblr-12481	963	25	https://www.ssga.com/library-content/pdfs/assetstewardship/combined-proxy-guidance-letters.pdf	https://www.ssga.com/library-content/pdfs/assetstewardship/combined-proxy-guidance-letters.pdf	PROPN
cblr-12481	964	1	[	[	X
cblr-12481	964	2	https://perma.cc/9vd69c92	https://perma.cc/9vd69c92	X
cblr-12481	964	3	]	]	X
cblr-12481	964	4	.	.	PUNCT
cblr-12481	965	1	in	in	ADP
cblr-12481	965	2	its	its	PRON
cblr-12481	965	3	investment	investment	NOUN
cblr-12481	965	4	stewardship	stewardship	NOUN
cblr-12481	965	5	insights	insight	NOUN
cblr-12481	965	6	,	,	PUNCT
cblr-12481	965	7	vanguard	vanguard	PROPN
cblr-12481	965	8	noted	note	VERB
cblr-12481	965	9	that	that	SCONJ
cblr-12481	965	10	“	"	PUNCT
cblr-12481	965	11	[	[	X
cblr-12481	965	12	r]isks	r]isk	NOUN
cblr-12481	965	13	to	to	PART
cblr-12481	965	14	shareholder	shareholder	NOUN
cblr-12481	965	15	value	value	NOUN
cblr-12481	965	16	associated	associate	VERB
cblr-12481	965	17	with	with	ADP
cblr-12481	965	18	diversity	diversity	NOUN
cblr-12481	965	19	,	,	PUNCT
cblr-12481	965	20	equity	equity	NOUN
cblr-12481	965	21	,	,	PUNCT
cblr-12481	965	22	and	and	CCONJ
cblr-12481	965	23	inclusion	inclusion	NOUN
cblr-12481	965	24	(	(	PUNCT
cblr-12481	965	25	dei	dei	NOUN
cblr-12481	965	26	)	)	PUNCT
cblr-12481	965	27	remain	remain	VERB
cblr-12481	965	28	a	a	DET
cblr-12481	965	29	top	top	ADJ
cblr-12481	965	30	engagement	engagement	NOUN
cblr-12481	965	31	priority	priority	NOUN
cblr-12481	965	32	”	"	PUNCT
cblr-12481	965	33	and	and	CCONJ
cblr-12481	965	34	that	that	SCONJ
cblr-12481	965	35	the	the	DET
cblr-12481	965	36	growing	grow	VERB
cblr-12481	965	37	focus	focus	NOUN
cblr-12481	965	38	on	on	ADP
cblr-12481	965	39	racial	racial	ADJ
cblr-12481	965	40	and	and	CCONJ
cblr-12481	965	41	ethnic	ethnic	ADJ
cblr-12481	965	42	discrimination	discrimination	NOUN
cblr-12481	965	43	has	have	AUX
cblr-12481	965	44	increased	increase	VERB
cblr-12481	965	45	scrutiny	scrutiny	NOUN
cblr-12481	965	46	of	of	ADP
cblr-12481	965	47	companies	company	NOUN
cblr-12481	965	48	’	'	PUNCT
cblr-12481	965	49	dei	dei	NOUN
cblr-12481	965	50	risks	risk	NOUN
cblr-12481	965	51	and	and	CCONJ
cblr-12481	965	52	opportunities	opportunity	NOUN
cblr-12481	965	53	.	.	PUNCT
cblr-12481	966	1	shareholder	shareholder	NOUN
cblr-12481	966	2	proposals	proposal	NOUN
cblr-12481	966	3	:	:	PUNCT
cblr-12481	966	4	diversity	diversity	NOUN
cblr-12481	966	5	,	,	PUNCT
cblr-12481	966	6	equity	equity	NOUN
cblr-12481	966	7	,	,	PUNCT
cblr-12481	966	8	and	and	CCONJ
cblr-12481	966	9	inclusion	inclusion	NOUN
cblr-12481	966	10	,	,	PUNCT
cblr-12481	966	11	vanguard	vanguard	PROPN
cblr-12481	966	12	inv	inv	PROPN
cblr-12481	966	13	.	.	PUNCT
cblr-12481	967	1	stewardship	stewardship	NOUN
cblr-12481	967	2	insights	insight	NOUN
cblr-12481	967	3	(	(	PUNCT
cblr-12481	967	4	may	may	NOUN
cblr-12481	967	5	2021	2021	NUM
cblr-12481	967	6	)	)	PUNCT
cblr-12481	967	7	,	,	PUNCT
cblr-12481	967	8	https://corporate.vanguard.com/content/dam/corp/advocate/investment-stewardship/pdf/perspectives-and-commentary/invdeis_052021.pdf	https://corporate.vanguard.com/content/dam/corp/advocate/investment-stewardship/pdf/perspectives-and-commentary/invdeis_052021.pdf	NOUN
cblr-12481	968	1	[	[	X
cblr-12481	968	2	https://perma.cc/4bsb-hmtx	https://perma.cc/4bsb-hmtx	X
cblr-12481	968	3	]	]	X
cblr-12481	968	4	.	.	PUNCT
cblr-12481	969	1	no	no	INTJ
cblr-12481	969	2	.	.	NOUN
cblr-12481	970	1	2	2	NUM
cblr-12481	970	2	]	]	X
cblr-12481	970	3	corporate	corporate	ADJ
cblr-12481	970	4	technocracy	technocracy	NOUN
cblr-12481	970	5	889	889	NUM
cblr-12481	970	6	diversity	diversity	NOUN
cblr-12481	970	7	and	and	CCONJ
cblr-12481	970	8	investment.177	investment.177	NOUN
cblr-12481	970	9	in	in	ADP
cblr-12481	970	10	2020	2020	NUM
cblr-12481	970	11	,	,	PUNCT
cblr-12481	970	12	sasb	sasb	PROPN
cblr-12481	970	13	noted	note	VERB
cblr-12481	970	14	that	that	SCONJ
cblr-12481	970	15	it	it	PRON
cblr-12481	970	16	is	be	AUX
cblr-12481	970	17	continually	continually	ADV
cblr-12481	970	18	monitoring	monitor	VERB
cblr-12481	970	19	“	"	PUNCT
cblr-12481	970	20	evidence	evidence	NOUN
cblr-12481	970	21	related	relate	VERB
cblr-12481	970	22	to	to	ADP
cblr-12481	970	23	the	the	DET
cblr-12481	970	24	financial	financial	ADJ
cblr-12481	970	25	materiality	materiality	NOUN
cblr-12481	970	26	of	of	ADP
cblr-12481	970	27	diversity	diversity	NOUN
cblr-12481	970	28	and	and	CCONJ
cblr-12481	970	29	inclusion	inclusion	NOUN
cblr-12481	970	30	across	across	ADP
cblr-12481	970	31	industries	industry	NOUN
cblr-12481	970	32	.	.	PUNCT
cblr-12481	971	1	”178	”178	ADV
cblr-12481	971	2	in	in	ADP
cblr-12481	971	3	the	the	DET
cblr-12481	971	4	2021	2021	NUM
cblr-12481	971	5	proxy	proxy	NOUN
cblr-12481	971	6	season	season	NOUN
cblr-12481	971	7	,	,	PUNCT
cblr-12481	971	8	msci	msci	PROPN
cblr-12481	971	9	began	begin	VERB
cblr-12481	971	10	offering	offer	VERB
cblr-12481	971	11	metrics	metric	NOUN
cblr-12481	971	12	on	on	ADP
cblr-12481	971	13	racial	racial	ADJ
cblr-12481	971	14	and	and	CCONJ
cblr-12481	971	15	ethnic	ethnic	ADJ
cblr-12481	971	16	diversity	diversity	NOUN
cblr-12481	971	17	for	for	ADP
cblr-12481	971	18	us	we	PRON
cblr-12481	971	19	companies.179	companies.179	VERB
cblr-12481	971	20	proxy	proxy	ADJ
cblr-12481	971	21	advisory	advisory	ADJ
cblr-12481	971	22	services	service	NOUN
cblr-12481	971	23	iss	iss	PROPN
cblr-12481	971	24	and	and	CCONJ
cblr-12481	971	25	glass	glass	PROPN
cblr-12481	971	26	lewis180	lewis180	PROPN
cblr-12481	971	27	developed	develop	VERB
cblr-12481	971	28	voting	voting	NOUN
cblr-12481	971	29	guidelines	guideline	NOUN
cblr-12481	971	30	tied	tie	VERB
cblr-12481	971	31	to	to	ADP
cblr-12481	971	32	diversity.181	diversity.181	PROPN
cblr-12481	971	33	these	these	DET
cblr-12481	971	34	activities	activity	NOUN
cblr-12481	971	35	have	have	AUX
cblr-12481	971	36	brought	bring	VERB
cblr-12481	971	37	the	the	DET
cblr-12481	971	38	issue	issue	NOUN
cblr-12481	971	39	of	of	ADP
cblr-12481	971	40	diversity	diversity	NOUN
cblr-12481	971	41	into	into	ADP
cblr-12481	971	42	the	the	DET
cblr-12481	971	43	fold	fold	NOUN
cblr-12481	971	44	of	of	ADP
cblr-12481	971	45	financial	financial	ADJ
cblr-12481	971	46	materiality	materiality	NOUN
cblr-12481	971	47	justifying	justify	VERB
cblr-12481	971	48	managerial	managerial	ADJ
cblr-12481	971	49	discretion	discretion	NOUN
cblr-12481	971	50	extending	extend	VERB
cblr-12481	971	51	to	to	ADP
cblr-12481	971	52	this	this	DET
cblr-12481	971	53	objective	objective	NOUN
cblr-12481	971	54	.	.	PUNCT
cblr-12481	972	1	the	the	DET
cblr-12481	972	2	diversity	diversity	NOUN
cblr-12481	972	3	example	example	NOUN
cblr-12481	972	4	reveals	reveal	VERB
cblr-12481	972	5	an	an	DET
cblr-12481	972	6	important	important	ADJ
cblr-12481	972	7	limitation	limitation	NOUN
cblr-12481	972	8	to	to	ADP
cblr-12481	972	9	the	the	DET
cblr-12481	972	10	administration	administration	NOUN
cblr-12481	972	11	of	of	ADP
cblr-12481	972	12	esg	esg	PROPN
cblr-12481	972	13	through	through	ADP
cblr-12481	972	14	technocracy	technocracy	NOUN
cblr-12481	972	15	.	.	PUNCT
cblr-12481	973	1	distilling	distil	VERB
cblr-12481	973	2	such	such	DET
cblr-12481	973	3	an	an	DET
cblr-12481	973	4	abstract	abstract	ADJ
cblr-12481	973	5	and	and	CCONJ
cblr-12481	973	6	complex	complex	ADJ
cblr-12481	973	7	social	social	ADJ
cblr-12481	973	8	objective	objective	NOUN
cblr-12481	973	9	into	into	ADP
cblr-12481	973	10	measurable	measurable	ADJ
cblr-12481	973	11	criteria	criterion	NOUN
cblr-12481	973	12	inevitably	inevitably	ADV
cblr-12481	973	13	means	mean	VERB
cblr-12481	973	14	that	that	SCONJ
cblr-12481	973	15	form	form	NOUN
cblr-12481	973	16	can	can	AUX
cblr-12481	973	17	supersede	supersede	VERB
cblr-12481	973	18	substance	substance	NOUN
cblr-12481	973	19	.	.	PUNCT
cblr-12481	974	1	this	this	PRON
cblr-12481	974	2	is	be	AUX
cblr-12481	974	3	a	a	DET
cblr-12481	974	4	major	major	ADJ
cblr-12481	974	5	critique	critique	NOUN
cblr-12481	974	6	of	of	ADP
cblr-12481	974	7	board	board	NOUN
cblr-12481	974	8	diversity	diversity	NOUN
cblr-12481	974	9	quotas	quota	NOUN
cblr-12481	974	10	,	,	PUNCT
cblr-12481	974	11	for	for	ADP
cblr-12481	974	12	example	example	NOUN
cblr-12481	974	13	.	.	PUNCT
cblr-12481	975	1	different	different	ADJ
cblr-12481	975	2	diversity	diversity	NOUN
cblr-12481	975	3	metrics	metric	NOUN
cblr-12481	975	4	approximate	approximate	VERB
cblr-12481	975	5	various	various	ADJ
cblr-12481	975	6	objectives	objective	NOUN
cblr-12481	975	7	,	,	PUNCT
cblr-12481	975	8	177	177	NUM
cblr-12481	975	9	chris	chris	NOUN
cblr-12481	975	10	brummer	brummer	PROPN
cblr-12481	975	11	&	&	CCONJ
cblr-12481	975	12	leo	leo	PROPN
cblr-12481	975	13	e.	e.	PROPN
cblr-12481	975	14	strine	strine	PROPN
cblr-12481	975	15	,	,	PUNCT
cblr-12481	975	16	jr	jr	PROPN
cblr-12481	975	17	.	.	PROPN
cblr-12481	975	18	,	,	PUNCT
cblr-12481	975	19	duty	duty	NOUN
cblr-12481	975	20	and	and	CCONJ
cblr-12481	975	21	diversity	diversity	NOUN
cblr-12481	975	22	,	,	PUNCT
cblr-12481	975	23	75	75	NUM
cblr-12481	975	24	vand	vand	NOUN
cblr-12481	975	25	.	.	PUNCT
cblr-12481	976	1	l.	l.	PROPN
cblr-12481	976	2	rev	rev	PROPN
cblr-12481	976	3	.	.	PROPN
cblr-12481	976	4	1	1	NUM
cblr-12481	976	5	,	,	PUNCT
cblr-12481	976	6	28	28	NUM
cblr-12481	976	7	-	-	SYM
cblr-12481	976	8	33	33	NUM
cblr-12481	976	9	(	(	PUNCT
cblr-12481	976	10	2022	2022	NUM
cblr-12481	976	11	)	)	PUNCT
cblr-12481	976	12	(	(	PUNCT
cblr-12481	976	13	indicating	indicate	VERB
cblr-12481	976	14	research	research	NOUN
cblr-12481	976	15	shows	show	VERB
cblr-12481	976	16	that	that	SCONJ
cblr-12481	976	17	diversity	diversity	NOUN
cblr-12481	976	18	and	and	CCONJ
cblr-12481	976	19	inclusion	inclusion	NOUN
cblr-12481	976	20	increases	increase	VERB
cblr-12481	976	21	a	a	DET
cblr-12481	976	22	company	company	NOUN
cblr-12481	976	23	’s	’s	PART
cblr-12481	976	24	chances	chance	NOUN
cblr-12481	976	25	of	of	ADP
cblr-12481	976	26	financial	financial	ADJ
cblr-12481	976	27	success	success	NOUN
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cblr-12481	977	1	178	178	NUM
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cblr-12481	977	6	exploring	explore	VERB
cblr-12481	977	7	diversity	diversity	NOUN
cblr-12481	977	8	&	&	CCONJ
cblr-12481	977	9	inclusion	inclusion	NOUN
cblr-12481	977	10	in	in	ADP
cblr-12481	977	11	the	the	DET
cblr-12481	977	12	sasb	sasb	NOUN
cblr-12481	977	13	standards	standard	NOUN
cblr-12481	977	14	,	,	PUNCT
cblr-12481	977	15	sasb	sasb	NOUN
cblr-12481	977	16	(	(	PUNCT
cblr-12481	977	17	sept	sept	PROPN
cblr-12481	977	18	.	.	PROPN
cblr-12481	977	19	28	28	NUM
cblr-12481	977	20	,	,	PUNCT
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cblr-12481	977	23	,	,	PUNCT
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cblr-12481	977	28	.	.	PUNCT
cblr-12481	978	1	179	179	NUM
cblr-12481	978	2	msci	msci	PROPN
cblr-12481	978	3	,	,	PUNCT
cblr-12481	978	4	2022	2022	NUM
cblr-12481	978	5	annual	annual	ADJ
cblr-12481	978	6	meeting	meeting	NOUN
cblr-12481	978	7	of	of	ADP
cblr-12481	978	8	shareholders	shareholder	NOUN
cblr-12481	978	9	and	and	CCONJ
cblr-12481	978	10	proxy	proxy	ADJ
cblr-12481	978	11	statement	statement	NOUN
cblr-12481	978	12	5	5	NUM
cblr-12481	978	13	(	(	PUNCT
cblr-12481	978	14	2022	2022	NUM
cblr-12481	978	15	)	)	PUNCT
cblr-12481	978	16	,	,	PUNCT
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cblr-12481	978	18	[	[	X
cblr-12481	978	19	https://perma.cc/hef2-cw3x	https://perma.cc/hef2-cw3x	X
cblr-12481	978	20	]	]	PUNCT
cblr-12481	978	21	.	.	PUNCT
cblr-12481	979	1	180	180	NUM
cblr-12481	979	2	james	james	PROPN
cblr-12481	979	3	bee	bee	PROPN
cblr-12481	979	4	,	,	PUNCT
cblr-12481	979	5	paul	paul	PROPN
cblr-12481	979	6	davies	davies	PROPN
cblr-12481	979	7	,	,	PUNCT
cblr-12481	979	8	michael	michael	PROPN
cblr-12481	979	9	green	green	PROPN
cblr-12481	979	10	&	&	CCONJ
cblr-12481	979	11	andra	andra	PROPN
cblr-12481	979	12	troy	troy	PROPN
cblr-12481	979	13	,	,	PUNCT
cblr-12481	979	14	iss	iss	PROPN
cblr-12481	979	15	,	,	PUNCT
cblr-12481	979	16	glass	glass	PROPN
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cblr-12481	979	18	focus	focus	VERB
cblr-12481	979	19	on	on	ADP
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cblr-12481	979	21	in	in	ADP
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cblr-12481	979	23	benchmark	benchmark	NOUN
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cblr-12481	979	37	,	,	PUNCT
cblr-12481	979	38	https://www.jdsupra.com/legalnews/iss-glass-lewis-focuson-esg-in-2022-8502187/	https://www.jdsupra.com/legalnews/iss-glass-lewis-focuson-esg-in-2022-8502187/	PROPN
cblr-12481	980	1	[	[	X
cblr-12481	980	2	https://perma.cc/98gq-63uw	https://perma.cc/98gq-63uw	PROPN
cblr-12481	980	3	]	]	X
cblr-12481	980	4	.	.	PUNCT
cblr-12481	981	1	181	181	NUM
cblr-12481	981	2	for	for	ADP
cblr-12481	981	3	2021	2021	NUM
cblr-12481	981	4	,	,	PUNCT
cblr-12481	981	5	iss	iss	NOUN
cblr-12481	981	6	voting	voting	NOUN
cblr-12481	981	7	policy	policy	NOUN
cblr-12481	981	8	indicated	indicate	VERB
cblr-12481	981	9	that	that	SCONJ
cblr-12481	981	10	it	it	PRON
cblr-12481	981	11	would	would	AUX
cblr-12481	981	12	flag	flag	VERB
cblr-12481	981	13	in	in	ADP
cblr-12481	981	14	its	its	PRON
cblr-12481	981	15	reports	report	NOUN
cblr-12481	981	16	company	company	NOUN
cblr-12481	981	17	boards	board	NOUN
cblr-12481	981	18	with	with	ADP
cblr-12481	981	19	no	no	DET
cblr-12481	981	20	apparent	apparent	ADJ
cblr-12481	981	21	racial	racial	ADJ
cblr-12481	981	22	or	or	CCONJ
cblr-12481	981	23	ethnic	ethnic	ADJ
cblr-12481	981	24	diversity	diversity	NOUN
cblr-12481	981	25	and	and	CCONJ
cblr-12481	981	26	that	that	PRON
cblr-12481	981	27	beginning	begin	VERB
cblr-12481	981	28	in	in	ADP
cblr-12481	981	29	2022	2022	NUM
cblr-12481	981	30	it	it	PRON
cblr-12481	981	31	would	would	AUX
cblr-12481	981	32	recommend	recommend	VERB
cblr-12481	981	33	against	against	ADP
cblr-12481	981	34	nominating	nominating	NOUN
cblr-12481	981	35	committee	committee	NOUN
cblr-12481	981	36	chairs	chair	NOUN
cblr-12481	981	37	where	where	SCONJ
cblr-12481	981	38	a	a	DET
cblr-12481	981	39	company	company	NOUN
cblr-12481	981	40	’s	’s	PART
cblr-12481	981	41	board	board	NOUN
cblr-12481	981	42	had	have	VERB
cblr-12481	981	43	no	no	DET
cblr-12481	981	44	apparent	apparent	ADJ
cblr-12481	981	45	racial	racial	ADJ
cblr-12481	981	46	or	or	CCONJ
cblr-12481	981	47	ethnic	ethnic	ADJ
cblr-12481	981	48	diversity	diversity	NOUN
cblr-12481	981	49	.	.	PUNCT
cblr-12481	982	1	i	i	PRON
cblr-12481	982	2	d.	d.	PROPN
cblr-12481	982	3	similarly	similarly	ADV
cblr-12481	982	4	,	,	PUNCT
cblr-12481	982	5	glass	glass	PROPN
cblr-12481	982	6	lewis	lewis	PROPN
cblr-12481	982	7	indicated	indicate	VERB
cblr-12481	982	8	that	that	SCONJ
cblr-12481	982	9	beginning	begin	VERB
cblr-12481	982	10	in	in	ADP
cblr-12481	982	11	2021	2021	NUM
cblr-12481	982	12	reports	report	NOUN
cblr-12481	982	13	for	for	ADP
cblr-12481	982	14	companies	company	NOUN
cblr-12481	982	15	in	in	ADP
cblr-12481	982	16	the	the	DET
cblr-12481	982	17	s&p	s&p	PROPN
cblr-12481	982	18	500	500	NUM
cblr-12481	982	19	index	index	NOUN
cblr-12481	982	20	would	would	AUX
cblr-12481	982	21	include	include	VERB
cblr-12481	982	22	an	an	DET
cblr-12481	982	23	assessment	assessment	NOUN
cblr-12481	982	24	of	of	ADP
cblr-12481	982	25	its	its	PRON
cblr-12481	982	26	proxy	proxy	ADJ
cblr-12481	982	27	disclosure	disclosure	NOUN
cblr-12481	982	28	relating	relate	VERB
cblr-12481	982	29	to	to	ADP
cblr-12481	982	30	board	board	NOUN
cblr-12481	982	31	diversity	diversity	NOUN
cblr-12481	982	32	.	.	PUNCT
cblr-12481	983	1	later	later	ADV
cblr-12481	983	2	,	,	PUNCT
cblr-12481	983	3	glass	glass	PROPN
cblr-12481	983	4	lewis	lewis	PROPN
cblr-12481	983	5	updated	update	VERB
cblr-12481	983	6	its	its	PRON
cblr-12481	983	7	policy	policy	NOUN
cblr-12481	983	8	to	to	PART
cblr-12481	983	9	note	note	VERB
cblr-12481	983	10	that	that	PRON
cblr-12481	983	11	beginning	begin	VERB
cblr-12481	983	12	in	in	ADP
cblr-12481	983	13	2022	2022	NUM
cblr-12481	983	14	,	,	PUNCT
cblr-12481	983	15	it	it	PRON
cblr-12481	983	16	would	would	AUX
cblr-12481	983	17	possibly	possibly	ADV
cblr-12481	983	18	recommend	recommend	VERB
cblr-12481	983	19	“	"	PUNCT
cblr-12481	983	20	against	against	ADP
cblr-12481	983	21	”	"	PUNCT
cblr-12481	983	22	or	or	CCONJ
cblr-12481	983	23	“	"	PUNCT
cblr-12481	983	24	withhold	withhold	ADJ
cblr-12481	983	25	”	"	PUNCT
cblr-12481	983	26	votes	vote	NOUN
cblr-12481	983	27	for	for	ADP
cblr-12481	983	28	the	the	DET
cblr-12481	983	29	chair	chair	NOUN
cblr-12481	983	30	of	of	ADP
cblr-12481	983	31	the	the	DET
cblr-12481	983	32	nominating	nominating	NOUN
cblr-12481	983	33	and	and	CCONJ
cblr-12481	983	34	governance	governance	NOUN
cblr-12481	983	35	committee	committee	NOUN
cblr-12481	983	36	for	for	ADP
cblr-12481	983	37	s&p	s&p	PROPN
cblr-12481	983	38	500	500	NUM
cblr-12481	983	39	companies	company	NOUN
cblr-12481	983	40	if	if	SCONJ
cblr-12481	983	41	a	a	DET
cblr-12481	983	42	company	company	NOUN
cblr-12481	983	43	failed	fail	VERB
cblr-12481	983	44	to	to	PART
cblr-12481	983	45	provide	provide	VERB
cblr-12481	983	46	disclosure	disclosure	NOUN
cblr-12481	983	47	in	in	ADP
cblr-12481	983	48	four	four	NUM
cblr-12481	983	49	categories	category	NOUN
cblr-12481	983	50	pertaining	pertain	VERB
cblr-12481	983	51	to	to	ADP
cblr-12481	983	52	board	board	NOUN
cblr-12481	983	53	diversity	diversity	NOUN
cblr-12481	983	54	,	,	PUNCT
cblr-12481	983	55	and	and	CCONJ
cblr-12481	983	56	that	that	SCONJ
cblr-12481	983	57	beginning	begin	VERB
cblr-12481	983	58	in	in	ADP
cblr-12481	983	59	2023	2023	NUM
cblr-12481	983	60	it	it	PRON
cblr-12481	983	61	would	would	AUX
cblr-12481	983	62	generally	generally	ADV
cblr-12481	983	63	oppose	oppose	VERB
cblr-12481	983	64	election	election	NOUN
cblr-12481	983	65	of	of	ADP
cblr-12481	983	66	the	the	DET
cblr-12481	983	67	chair	chair	NOUN
cblr-12481	983	68	of	of	ADP
cblr-12481	983	69	the	the	DET
cblr-12481	983	70	nominating	nominating	NOUN
cblr-12481	983	71	and	and	CCONJ
cblr-12481	983	72	governance	governance	NOUN
cblr-12481	983	73	committee	committee	NOUN
cblr-12481	983	74	at	at	ADP
cblr-12481	983	75	those	those	DET
cblr-12481	983	76	companies	company	NOUN
cblr-12481	983	77	if	if	SCONJ
cblr-12481	983	78	they	they	PRON
cblr-12481	983	79	have	have	AUX
cblr-12481	983	80	not	not	PART
cblr-12481	983	81	provided	provide	VERB
cblr-12481	983	82	any	any	DET
cblr-12481	983	83	aggregate	aggregate	ADJ
cblr-12481	983	84	or	or	CCONJ
cblr-12481	983	85	individual	individual	ADJ
cblr-12481	983	86	disclosure	disclosure	NOUN
cblr-12481	983	87	about	about	ADP
cblr-12481	983	88	a	a	DET
cblr-12481	983	89	board	board	NOUN
cblr-12481	983	90	’s	’s	PART
cblr-12481	983	91	racial	racial	ADJ
cblr-12481	983	92	/	/	SYM
cblr-12481	983	93	ethnic	ethnic	ADJ
cblr-12481	983	94	demographics	demographic	NOUN
cblr-12481	983	95	.	.	PUNCT
cblr-12481	984	1	i	i	PRON
cblr-12481	984	2	d.	d.	PROPN
cblr-12481	984	3	890	890	NUM
cblr-12481	984	4	columbia	columbia	PROPN
cblr-12481	984	5	business	business	NOUN
cblr-12481	984	6	law	law	PROPN
cblr-12481	984	7	review	review	NOUN
cblr-12481	984	8	[	[	X
cblr-12481	984	9	vol	vol	NOUN
cblr-12481	984	10	.	.	PUNCT
cblr-12481	984	11	2023	2023	NUM
cblr-12481	984	12	including	include	VERB
cblr-12481	984	13	measuring	measure	VERB
cblr-12481	984	14	demographics	demographic	NOUN
cblr-12481	984	15	across	across	ADP
cblr-12481	984	16	organization	organization	NOUN
cblr-12481	984	17	levels	level	NOUN
cblr-12481	984	18	,	,	PUNCT
cblr-12481	984	19	retention	retention	NOUN
cblr-12481	984	20	across	across	ADP
cblr-12481	984	21	employee	employee	NOUN
cblr-12481	984	22	groups	group	NOUN
cblr-12481	984	23	,	,	PUNCT
cblr-12481	984	24	employee	employee	NOUN
cblr-12481	984	25	turnover	turnover	NOUN
cblr-12481	984	26	,	,	PUNCT
cblr-12481	984	27	adverse	adverse	ADJ
cblr-12481	984	28	impact	impact	NOUN
cblr-12481	984	29	of	of	ADP
cblr-12481	984	30	discriminatory	discriminatory	ADJ
cblr-12481	984	31	practices	practice	NOUN
cblr-12481	984	32	,	,	PUNCT
cblr-12481	984	33	candidate	candidate	NOUN
cblr-12481	984	34	demographics	demographic	NOUN
cblr-12481	984	35	,	,	PUNCT
cblr-12481	984	36	or	or	CCONJ
cblr-12481	984	37	employee	employee	NOUN
cblr-12481	984	38	advancement	advancement	NOUN
cblr-12481	984	39	and	and	CCONJ
cblr-12481	984	40	promotion	promotion	NOUN
cblr-12481	984	41	rates.182	rates.182	NOUN
cblr-12481	984	42	this	this	DET
cblr-12481	984	43	example	example	NOUN
cblr-12481	984	44	highlights	highlight	NOUN
cblr-12481	984	45	that	that	SCONJ
cblr-12481	984	46	technocracy	technocracy	NOUN
cblr-12481	984	47	is	be	AUX
cblr-12481	984	48	limited	limit	VERB
cblr-12481	984	49	in	in	ADP
cblr-12481	984	50	its	its	PRON
cblr-12481	984	51	potential	potential	NOUN
cblr-12481	984	52	as	as	ADP
cblr-12481	984	53	a	a	DET
cblr-12481	984	54	mechanism	mechanism	NOUN
cblr-12481	984	55	for	for	ADP
cblr-12481	984	56	radical	radical	ADJ
cblr-12481	984	57	social	social	ADJ
cblr-12481	984	58	change	change	NOUN
cblr-12481	984	59	,	,	PUNCT
cblr-12481	984	60	but	but	CCONJ
cblr-12481	984	61	this	this	DET
cblr-12481	984	62	shortcoming	shortcoming	NOUN
cblr-12481	984	63	also	also	ADV
cblr-12481	984	64	tempers	temper	VERB
cblr-12481	984	65	the	the	DET
cblr-12481	984	66	possibility	possibility	NOUN
cblr-12481	984	67	of	of	ADP
cblr-12481	984	68	abuse	abuse	NOUN
cblr-12481	984	69	by	by	ADP
cblr-12481	984	70	managers	manager	NOUN
cblr-12481	984	71	or	or	CCONJ
cblr-12481	984	72	shareholders	shareholder	NOUN
cblr-12481	984	73	.	.	PUNCT
cblr-12481	985	1	by	by	ADP
cblr-12481	985	2	underscoring	underscore	VERB
cblr-12481	985	3	the	the	DET
cblr-12481	985	4	function	function	NOUN
cblr-12481	985	5	of	of	ADP
cblr-12481	985	6	materiality	materiality	NOUN
cblr-12481	985	7	as	as	ADP
cblr-12481	985	8	a	a	DET
cblr-12481	985	9	stabilizing	stabilizing	NOUN
cblr-12481	985	10	concept	concept	NOUN
cblr-12481	985	11	and	and	CCONJ
cblr-12481	985	12	as	as	ADP
cblr-12481	985	13	a	a	DET
cblr-12481	985	14	limit	limit	NOUN
cblr-12481	985	15	to	to	ADP
cblr-12481	985	16	managerial	managerial	ADJ
cblr-12481	985	17	discretion	discretion	NOUN
cblr-12481	985	18	,	,	PUNCT
cblr-12481	985	19	technocracy	technocracy	NOUN
cblr-12481	985	20	shifts	shift	NOUN
cblr-12481	985	21	political	political	ADJ
cblr-12481	985	22	attention	attention	NOUN
cblr-12481	985	23	to	to	ADP
cblr-12481	985	24	multi	multi	ADJ
cblr-12481	985	25	-	-	ADJ
cblr-12481	985	26	nodal	nodal	ADJ
cblr-12481	985	27	,	,	PUNCT
cblr-12481	985	28	decentralized	decentralize	VERB
cblr-12481	985	29	activity	activity	NOUN
cblr-12481	985	30	by	by	ADP
cblr-12481	985	31	social	social	ADJ
cblr-12481	985	32	movements	movement	NOUN
cblr-12481	985	33	,	,	PUNCT
cblr-12481	985	34	consumer	consumer	NOUN
cblr-12481	985	35	campaigns	campaign	NOUN
cblr-12481	985	36	,	,	PUNCT
cblr-12481	985	37	third	third	ADJ
cblr-12481	985	38	-	-	PUNCT
cblr-12481	985	39	party	party	NOUN
cblr-12481	985	40	organizations	organization	NOUN
cblr-12481	985	41	,	,	PUNCT
cblr-12481	985	42	politicians	politician	NOUN
cblr-12481	985	43	,	,	PUNCT
cblr-12481	985	44	shareholder	shareholder	NOUN
cblr-12481	985	45	groups	group	NOUN
cblr-12481	985	46	,	,	PUNCT
cblr-12481	985	47	empirical	empirical	ADJ
cblr-12481	985	48	scholars	scholar	NOUN
cblr-12481	985	49	,	,	PUNCT
cblr-12481	985	50	and	and	CCONJ
cblr-12481	985	51	others	other	NOUN
cblr-12481	985	52	to	to	PART
cblr-12481	985	53	build	build	VERB
cblr-12481	985	54	the	the	DET
cblr-12481	985	55	case	case	NOUN
cblr-12481	985	56	for	for	ADP
cblr-12481	985	57	materiality	materiality	NOUN
cblr-12481	985	58	and	and	CCONJ
cblr-12481	985	59	to	to	PART
cblr-12481	985	60	challenge	challenge	VERB
cblr-12481	985	61	and	and	CCONJ
cblr-12481	985	62	revise	revise	VERB
cblr-12481	985	63	the	the	DET
cblr-12481	985	64	efficacy	efficacy	NOUN
cblr-12481	985	65	of	of	ADP
cblr-12481	985	66	selected	select	VERB
cblr-12481	985	67	metrics	metric	NOUN
cblr-12481	985	68	in	in	ADP
cblr-12481	985	69	capturing	capture	VERB
cblr-12481	985	70	an	an	DET
cblr-12481	985	71	intended	intended	ADJ
cblr-12481	985	72	outcome	outcome	NOUN
cblr-12481	985	73	.	.	PUNCT
cblr-12481	986	1	technocracy	technocracy	NOUN
cblr-12481	986	2	forecloses	foreclose	VERB
cblr-12481	986	3	the	the	DET
cblr-12481	986	4	possibility	possibility	NOUN
cblr-12481	986	5	of	of	ADP
cblr-12481	986	6	more	more	ADV
cblr-12481	986	7	urgent	urgent	ADJ
cblr-12481	986	8	political	political	ADJ
cblr-12481	986	9	or	or	CCONJ
cblr-12481	986	10	social	social	ADJ
cblr-12481	986	11	action	action	NOUN
cblr-12481	986	12	by	by	ADP
cblr-12481	986	13	corporate	corporate	ADJ
cblr-12481	986	14	leadership	leadership	NOUN
cblr-12481	986	15	,	,	PUNCT
cblr-12481	986	16	but	but	CCONJ
cblr-12481	986	17	the	the	DET
cblr-12481	986	18	opportunity	opportunity	NOUN
cblr-12481	986	19	remains	remain	VERB
cblr-12481	986	20	for	for	ADP
cblr-12481	986	21	swift	swift	ADJ
cblr-12481	986	22	political	political	ADJ
cblr-12481	986	23	intervention	intervention	NOUN
cblr-12481	986	24	to	to	PART
cblr-12481	986	25	implement	implement	VERB
cblr-12481	986	26	social	social	ADJ
cblr-12481	986	27	objectives	objective	NOUN
cblr-12481	986	28	that	that	PRON
cblr-12481	986	29	do	do	AUX
cblr-12481	986	30	not	not	PART
cblr-12481	986	31	conform	conform	VERB
cblr-12481	986	32	to	to	ADP
cblr-12481	986	33	a	a	DET
cblr-12481	986	34	financial	financial	ADJ
cblr-12481	986	35	materiality	materiality	NOUN
cblr-12481	986	36	rationale	rationale	NOUN
cblr-12481	986	37	through	through	ADP
cblr-12481	986	38	directed	direct	VERB
cblr-12481	986	39	shareholder	shareholder	NOUN
cblr-12481	986	40	activity	activity	NOUN
cblr-12481	986	41	in	in	ADP
cblr-12481	986	42	the	the	DET
cblr-12481	986	43	form	form	NOUN
cblr-12481	986	44	of	of	ADP
cblr-12481	986	45	charter	charter	NOUN
cblr-12481	986	46	or	or	CCONJ
cblr-12481	986	47	bylaw	bylaw	NOUN
cblr-12481	986	48	amendments	amendment	NOUN
cblr-12481	986	49	.	.	PUNCT
cblr-12481	987	1	v.	v.	ADP
cblr-12481	987	2	conclusion	conclusion	NOUN
cblr-12481	987	3	esg	esg	PROPN
cblr-12481	987	4	remains	remain	VERB
cblr-12481	987	5	a	a	DET
cblr-12481	987	6	highly	highly	ADV
cblr-12481	987	7	politicized	politicize	VERB
cblr-12481	987	8	notion	notion	NOUN
cblr-12481	987	9	that	that	PRON
cblr-12481	987	10	inspires	inspire	VERB
cblr-12481	987	11	hundreds	hundred	NOUN
cblr-12481	987	12	of	of	ADP
cblr-12481	987	13	legislative	legislative	ADJ
cblr-12481	987	14	proposals	proposal	NOUN
cblr-12481	987	15	advancing	advance	VERB
cblr-12481	987	16	and	and	CCONJ
cblr-12481	987	17	obstructing	obstruct	VERB
cblr-12481	987	18	its	its	PRON
cblr-12481	987	19	impact.183	impact.183	NOUN
cblr-12481	987	20	while	while	SCONJ
cblr-12481	987	21	some	some	DET
cblr-12481	987	22	anti	anti	ADJ
cblr-12481	987	23	-	-	ADJ
cblr-12481	987	24	esg	esg	ADJ
cblr-12481	987	25	advocacy	advocacy	NOUN
cblr-12481	987	26	is	be	AUX
cblr-12481	987	27	undoubtedly	undoubtedly	ADV
cblr-12481	987	28	182	182	NUM
cblr-12481	987	29	volker	volker	NOUN
cblr-12481	987	30	lainer	lainer	NOUN
cblr-12481	987	31	,	,	PUNCT
cblr-12481	987	32	dei	dei	NOUN
cblr-12481	987	33	measurement	measurement	NOUN
cblr-12481	987	34	of	of	ADP
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cblr-12481	995	31	emphasizes	emphasize	VERB
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cblr-12481	995	34	,	,	PUNCT
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cblr-12481	995	36	,	,	PUNCT
cblr-12481	995	37	procedural	procedural	ADJ
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cblr-12481	995	39	,	,	PUNCT
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cblr-12481	995	44	a	a	DET
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cblr-12481	1000	6	[	[	X
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