St. John's Law Review

Sex and Capital: What They Tell Us About Ourselves

By: Claire Moore Dickerson

A comparative analysis of elite and under-class West African women entrepreneurs can help the North better understand its own public corporations. First, both classes of West African entrepreneurs raise capital through networks, and both work a second shift. The similarity of their experiences challenges the traditional northern analysis that treats women executives differently from women employees by applying governance concepts to the first class and labor/employment law to the second group.

Second, the cross-border nature of the West African women's networks is similar to the porous borders of the multiple communities that make up northern, public corporations, thereby challenging the nexus-of-contracts paradigm. Finally, the developing-country understanding of "governance" as political rather than corporate emphasizes the socio-political nature of the recent corporate scandals in the North.  Any proposed remedies thus must consider all socio-political realities, including notions of diversity.