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Corporate & Securities Law

: BusinessAssociationsBlog.com

Allen on Modern Corporate Governance

By Stephen Bainbridge

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In a paper entitled Modern Corporate Governance and the Erosion of the Business Judgment Rule in Delaware Corporate Law, former Delaware Chancellor William Allen tackles two subjects near to my heart: (1) the role of the board of directors and (2) the centrality of the business judgment rule to corporate law. As to the former, he opines that: In 1985 – in the famous Van Gorkom, Revlon and...

[continued on site]

Full post as published by BusinessAssociationsBlog.com on March 31, 2008 (boomark / email).

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