Counseling Directors in the New Corporate Culture

In his March 2004 Tulane speech, former Delaware Supreme Court Chief Justice Veasey argues that the business judgment rule is alive and well. Recent Delaware decisions demonstrate that the expectations of director conduct are evolving. This is partly a function of the dynamics of the times and partl...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:The Business Lawyer 2004-08, Vol.59 (4), p.1447-1458
1. Verfasser: Veasey, E. Norman
Format: Artikel
Sprache:eng
Schlagworte:
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:In his March 2004 Tulane speech, former Delaware Supreme Court Chief Justice Veasey argues that the business judgment rule is alive and well. Recent Delaware decisions demonstrate that the expectations of director conduct are evolving. This is partly a function of the dynamics of the times and partly because improved pleadings in stockholder complaints have focused more intently on the need for careful, loyal and good faith processes in the boardroom. The quest for best practices of corporate governance is the best prophylactic to avoid liability and to comply with new federal standards.
ISSN:0007-6899
2164-1838