The Story of Allis-Chalmers, Caremark, and Stone: Directors' Evolving Duty to Monitor

Authors

Jennifer H. Arlen, New York University School of LawFollow

Files

Description

This chapter explores the evolution of Delaware’s law governing directors’ duties to oversee legal compliance. It is a story of how changes in federal criminal law induced Delaware to reform its approach to directors’ oversight duties. It also is the story of the struggle between the Delaware Chancery Court and the Delaware Supreme Court over how broad to make directors’ oversight duties and liability.

Source Publication

Corporate Law Stories

Source Editors/Authors

J. Mark Ramseyer

Publication Date

2009

Recommended Citation

Arlen, Jennifer H., "The Story of Allis-Chalmers, Caremark, and Stone: Directors' Evolving Duty to Monitor" (2009). Faculty Chapters. 208.
https://gretchen.law.nyu.edu/fac-chapt/208