kaal:claim:kaal-2013-acomparativeperspectiveo-035

Using court decisions and stable rules to make the oversight role more robust could be insufficient, whereas contractual and quasi law forms of dynamic governance could help improve the duty of oversight.

Using court decisions and stable rules to make "the oversight role more robust to ensure that directors pay greater attention to their monitoring responsibilities" 49 could be insufficient. By contrast, contractual and quasi law forms of dynamic governance could help improve the duty of oversight.

Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013), Dynamic Regulation, p. 10
· source PDF

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

• directors are outsiders working part time
• increasing complexity of modern corporations

designsupport: arguedfailure: insufficiency of court decisions and stable rules for oversightfamily: board-and-oversight-failuregovernance-designcorporate-governance

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