The nearly insurmountable standard for liability in oversight cases in the United States undermines the signalling of the expected standard of conduct, and this could have long-term implications for American corporate law.
Source quote, verbatim
The nearly insurmountable standard for liability in oversight cases and its effect on signalling the expected standard of conduct could have long-term implications for corporate law in the United States.
From
Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013), Abstract, p. 3 · source PDF
Cite as
Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013)
Holds when
United States, Delaware corporate law
oversight or duty to monitor claims
Classification
failuresupport: arguedfailure: signalling failure of an unreachable liability standardfamily: enforcement-gapcorporate-governancelaw-and-legal-systemsgovernance-design
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