Thompson examines the changed roles of the state and federal governments since the enactment of the Securities Litigation Uniform Standards Act of 1998. He notes that these changes have created a greater dependence on federal law, a greater emphasis on the voting function of shareholders, and the likelihood of additional argument over traditional corporate issues.
Robert B. Thompson,
Preemption and Federalism in Corporate Governance: Protecting Shareholder Rights to Vote, Sell, and Sue,
62 Law and Contemporary Problems
Available at: http://scholarship.law.duke.edu/lcp/vol62/iss3/8