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...
Gespeichert in:
Veröffentlicht in: | The Business Lawyer 2004-08, Vol.59 (4), p.1447-1458 |
---|---|
1. Verfasser: | |
Format: | Artikel |
Sprache: | eng |
Schlagworte: | |
Online-Zugang: | Volltext |
Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
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 |