Modern Corporate Governance and the Erosion of the Business Judgment Rule in Delaware Corporate Law
William T. Allen
New York University School of Law; New York University (NYU) - Department of Finance
March 12, 2008
CLPE Research Paper No. 06/2008
This essay addresses the relationship between the forces shaping modern corporate governance and wisdom of a liability rule to enforce the fiduciary duty of care against corporate directors.
Number of Pages in PDF File: 22
Keywords: corporate governance, business judgment rule, liability rule, Delaware
JEL Classification: G34, K20, K22
Date posted: March 14, 2008
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