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

22 Pages Posted: 14 Mar 2008  

William T. Allen

New York University School of Law; New York University (NYU) - Department of Finance

Date Written: March 12, 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.

Keywords: corporate governance, business judgment rule, liability rule, Delaware

JEL Classification: G34, K20, K22

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

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

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