Technology and Corporate Law

Edited by Andrew Godwin, Associate Professor, Melbourne Law School, The University of Melbourne, Australia, Pey Woan Lee, Professor of Law, Yong Pung How School of Law, Singapore Management University, Singapore and Rosemary Teele Langford, Harold Ford Professor of Commercial Law, Melbourne Law School, The University of Melbourne, Australia

• Contents:Foreword viiiAcknowledgements xii1 Introduction to Technology and Corporate Law 1Andrew Godwin, Pey Woan Lee and Rosemary Teele LangfordPART I CORPORATE FORM2 Viewing artificial persons in the AI age through the lens ofhistory 21Susan WatsonPART II CORPORATE GOVERNANCE3 The corporate board in an age of collaborative intelligenceand complex risk 43Helen Bird and Natania Locke4 Artificial intelligence and corporate boards: some ethicalimplications 70Vivienne Brand5 Data explosion, disclosure and stepping stones 99Rosemary Teele Langford6 Recalibrating directors’ liabilities amidst technological flux 126Pey Woan Lee and Susanna HS LeongPART III GOVERNANCE DEMOCRATISATION7 Shareholder empowerment in the digital age 152Pearlie Koh8 The first step of a long march: dual-class companyregulation and the experiment by the sci-tech andinnovation board in China 178Charlie Xiao-chuan Weng, Shangxuan Wu and Zhaohui Shen9 Corporate governance challenges in initial coin offerings 205Aurelio Gurrea-Martínez and Nydia Remolina10 Corporate governance implications of equity crowdfunding 227Steve KourabasPART IV DATA ENHANCEMENTS ANDALTERNATIVE MODELS FOR ‘CORPORATE’GOVERNANCE11 Corporate disclosure in a technology-enabled world 252Andrew Godwin12 Keep your ‘invisible hands’ to yourself: freeing corporategovernance from the cult of the ‘efficient market’ 277David C Donald13 The advent of decentralised autonomous business networksin the disembodied economy: a discussion on why thegovernance regimes of corporations and partnerships areunsuitable to them 306Moshood Abdussalam and Mia Rahim

‘This is an illuminating legal guide to the world of self-driving corporations, AI systems as corporate board members, and all the corporate governance challenges that come from the rise of technology. As always, the law plays catch-up, as the technology runs ahead. This collection of thoughtful analyses of the issues will well serve all lawyers who are chasing the technology and attempting to keep up.’