Without a workable duty of oversight, corporate directors who seek to comply with the oversight duty lack meaningful guidance about the conduct expected of them.
Source quote, verbatim
Without a workable duty of oversight, corporate directors seeking to comply with the oversight duty lack meaningful guidance as to the expected conduct.
From
Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013), Introduction, p. 4 · source PDF
Cite as
Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013)
Holds when
doctrine of oversight remains immature and incoherent
Classification
conditionsupport: arguedfailure: guidance vacuum from an incoherent oversight doctrinefamily: board-and-oversight-failurecorporate-governancelaw-and-legal-systemsgovernance-design
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