# kaal:claim:1558614-017

**Claim.** For different structural reasons in each country, corporate law in both Germany and the United States has little to say about the problem of excessive risk.

**Type.** failure  **Support.** argued

**Source quote.**

> Thus, perhaps for differ- ent reasons, corporate law in both countries may have little to say about the problem of excessive risk.

**From.** Painter and Kaal, *Initial Reflections on an Evolving Standard Constraints on Risk Taking by Directors and Officers in* (2010), III. Cultural Components of Risk Taking and Controlling Risk, page 22

**Cite as.** Painter and Kaal, Initial Reflections on an Evolving Standard Constraints on Risk Taking by Directors and Officers in (2010). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1558614

**Verify.** sha256 of source PDF `e898211630f4116879329d6de8397523dca5b066864147421aa5cbc7429dc83b` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Painter%20and%20Kaal%20-%202010%20-%20Initial%20Reflections%20on%20an%20Evolving%20Standard%20Constraints%20on%20Risk%20Taking%20by%20Directors%20and%20Officers%20in.pdf

**Failure mode.** corporate law silence on risk  (family: regulatory-lag)

**Topics.** risk-and-incentives

**Keywords.** excessive-risk, comparative-corporate-law, regulatory-gap, corporate-law

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.