Page 14 21 Health Matrix 189, * been an important part of the struggle for freedom and equality in our society. ^' Nevertheless, there is widespread concern that corporate speech routinely impedes the development of sound public policy. Here I pursue the theoretical case that we do indeed have a corporate speech problem, ^a and I explore a possible solution to the problem which does not [` 192] require the kind of corporate censorship that the Supreme Court has disallowed on First Amendment grounds. Specifically, I argue that corporate speech can be usefully reformed by altering corporate law. I argue for the institutionalization of firm governance dynamics which will change the way that corporations speak to and about their shareholders, workers, consumers, the community at large, and government. This approach seeks to solve the corporate speech problem by generating more socially useful corporate speech, rather than constraining or silencing it through external governmental regulation. I. THE PROBLEM OF CORPORATE SPEECH A. The Source of Corporate Power While many organisms communicate, the human ability to deploy elaborate expressive and representational systems in a community of similarly capable individuals is among the defining attributes of our species. ^9 In the longue duree of human history speech has played a crucial part in our ability to achieve the coordination necessary to build and maintain civilization. This is not to say that speech explains it all-sheer force, inexpressible love, the tides, the winds, the will, all of these are also essential components of the human condition. But speech is an important category in any conception of the important elements of human life. In contemporary society, the corporation is among the most significant institutions that organizes, produces, circulates and listens to speech acts. Corporations are powerful institutions because they can efficiently coordinate the activity of many individua