22 Pages Posted: 14 Mar 2008
Date Written: March 12, 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.
Keywords: corporate governance, business judgment rule, liability rule, Delaware
JEL Classification: G34, K20, K22
Suggested Citation: 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: https://ssrn.com/abstract=1105591 or http://dx.doi.org/10.2139/ssrn.1105591
By Fred Triem