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Personal Liability Independent Director

Cooley LLP

Blog: Paper Debunks Seven Board Myths

Cooley LLP on

In “Seven Myths of Boards of Directors,” two academics from Stanford Business School set about debunking some of the most common and persistent expectations regard best practices in board structure, composition and procedure....more

Morris James LLP

'Cornerstone' Decision Reinforces Del. Corporate Law Bedrock Principles

Morris James LLP on

Delaware law has long provided that the decisions of disinterested and independent directors who receive no special benefit from a transaction ought not be the basis of personal liability in monetary damages. To subject...more

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