THE RULES OF THE DIRECTORATE

State incorporation laws require the board of directors to manage the affairs of the corporation. As a result of the delegation process, the board's role begins to be defined with broad based responsibilities. Directors are not research scholars. As a result, they should seek training about analytical decision making to support the board's deliberative process. This article presents a concept for training corporate directors to become more effective in their work routine. The Committee on Corporate Laws of the American Bar Association has developed the Model Business Corporation Act. The Model Act is used to include the general legal concepts and standards that apply to directors of all business corporations. The specifications of the Model Act pertaining to directors are spelled out in the sixth edition of the Corporate Director's Guidebook, published by the American Bar Association. A careful review of the Guidebook was undertaken to interpret the directors' work into broad based rules.