# kaal:claim:kaal-2013-acomparativeperspectiveo-035

**Claim.** 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.

**Type.** design  **Support.** argued

**Holds when.**

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

**Source quote.**

> 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.

**From.** Kaal, *A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax* (2013), Dynamic Regulation, page 10

**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.** insufficiency of court decisions and stable rules for oversight  (family: board-and-oversight-failure)

**Topics.** governance-design, corporate-governance

**Keywords.** dynamic-governance, quasi-law, duty-of-oversight, stable-rules, corporate-governance

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.