Modern Corporate Governance and the Erosion of the Business Judgment Rule in Delaware Corporate Law

Allen, William

doi:10.2139/ssrn.1105591

Abstract

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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

Abstract:
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

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Date posted: March 14, 2008

Suggested Citation

Allen, William T., Modern Corporate Governance and the Erosion of the Business Judgment Rule in Delaware Corporate Law (March 12, 2008). CLPE Research Paper No. 06/2008. Available at SSRN: http://ssrn.com/abstract=1105591 or http://dx.doi.org/10.2139/ssrn.1105591

Contact Information

William T. Allen (Contact Author) New York University School of Law ( email ) 40 Washington Square South New York, NY 10012-1099 United States 212-998-6327 (Phone) 212-995-4763 (Fax)
New York University (NYU) - Department of Finance Stern School of Business 44 West 4th Street New York, NY 10012-1126 United States

Abstract

Citations (3)

Modern Corporate Governance and the Erosion of the Business Judgment Rule in Delaware Corporate Law

William T. Allen

Date posted: March 14, 2008

Suggested Citation

Contact Information

William T. Allen (Contact Author)