Litigation

Representative Directors and Divided Loyalties?

By Francis G.X. Pileggi

Professor Stephen Bainbridge comments here about the above topic, referring to a post by  Mae Kuykendall and an article written on the subject by former Delaware Chief Justice E. Norman Veasey and Christine DiGuglielmo. He wonders if more should be written on the difference between practice and theory regarding this common situation where, for example, a hedge fund appoints its "representative" on the board or a parent corporation designates a member of the board of a subsidiary in which it holds a majority of the shares.

Full post as published by Delaware Corporate and Commercial Litigation Blog on April 12, 2010 (boomark / email).