Oversight and Hindsight
|Area||Corporate Finance and Securities|
Excerpt from "Oversight and Hindsight", Neill May, Canadian Lawyer Magazine
"It's a year for hindsight, it now being 2020... Still another reminder of hindsight is the question of corporate directors’ responsibilities (and liabilities), which often raise questions that are doubtlessly complex and only in retrospect seem apparent. Directors are, of course, not expected or generally well positioned to monitor the day- to-day business operations for which they’re ultimately responsible. Rather, directors have a responsibility for oversight. Recent cases out of Delaware have renewed focus on the meaning and requirements of directors’ duty of care in oversight. Cases touching on this issue are often described as Caremark claims, based on the Delaware Court of Chancery’s seminal decision In re Caremark International Inc."
Read the full article here.