Summary
What it said was that if you're not independent as a director, and if you engage in poor processes to make a decision, there could be personal liability for you, because you've violated your duty of good faith. It's the Securities and Exchange Commission through its enforcement of Sarbanes-Oxley, it's the New York Stock Exchange listing standards, it's investor pressure through shareholder resolutions and it's Congress through Sarbanes-Oxley.
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Extract
Q&Amp;A: Here Come the Judges
A Conversation With Charles Elson
A governance professor shows how key cases reflect the "Delaware movement" toward more shareholder rights.As director of the John L. Weinberg Center for Corporate Governance at the University of Delaware, Charles Elson is both professionally and geographically at an important center of the governance debate, ...See the full content of this document
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