board-level approval for self-interested transactions. The Article examines how to induce voluntary compliance with the company law, as well as the implications of the self-enforcing model for the ongoing debate over the efficiency of corporate law in developed economiesboard-level approval for self-interested transactions. The Article examines how to induce voluntary compliance with the company law, as well as the implications of the self-enforcing model for the ongoing debate over the efficiency of corporate law in developed economies