# kaal:claim:kaal-2013-acomparativeperspectiveo-022

**Claim.** Increased liability is no panacea and cannot alone adequately address the central shortcomings of the duty of oversight and of corporate governance in the United States, because heightened liability does not give part-time outside directors the capacity to monitor complex corporations.

**Type.** failure  **Support.** argued

**Holds when.**

- large and increasingly complex corporations
- directors serving part time as outsiders

**Source quote.**

> Increased liability is no panacea and cannot, alone adequately address the central shortcomings of the duty of oversight and corporate governance in the United States that Professor Fairfax identifies.

**From.** Kaal, *A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax* (2013), A Comparative Perspective on the Duty to Monitor, page 8

**Cite as.** Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013)

**Verify.** sha256 of source PDF `ac5c955fe01209c54c78c4575c0b8bf570e5f1259c3f855510697cf51a32e59a` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20A%20Comparative%20Perspective%20on%20the%20Limitations%20of%20the%20Duty%20of%20Oversight%20%E2%80%93%20A%20Comment%20on%20Lisa%20Fairfax.pdf

**Failure mode.** liability increase insufficient to cure oversight limits  (family: board-and-oversight-failure)

**Topics.** law-and-legal-systems, corporate-governance, governance-design

**Keywords.** liability-standards, director-capacity, duty-of-oversight, corporate-governance

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