23Dec
Recent Trends in Officer Liability
More than a decade ago in the seminal case Gantler v. Stephens, the Delaware Supreme Court clarified that officers of Delaware corporations owe the same fiduciary duties of care and loyalty that directors owe to the corporation and its stockholders. While directors and officers owe the same fiduciary duties, they are not entitled to the same defenses. Section 102(b)(7) of the Delaware General Corporation Law (DGCL) permits a corporation to adopt a provision in its certificate of incorporation...
By:
Skadden, Arps, Slate, Meagher & Flom LLP
Related
Just in time for the holiday season, the Colorado Department of Labor and Employment, Division of La...
Read More >
As far as an industry watchdog group, let’s just say that the American Retirement Association (ARA)...
Read More >
1. Cost is an overused consideration for picking plan providers, value and quality are underused. 2...
Read More >
Clichés like “seismic shift” and “paradigm change” do not begin to describe just how profoundly ...
Read More >
Employers consider many factors when choosing whether to challenge investigatory subpoenas. They now...
Read More >
I’ve been to a lot of baby showers lately where it seems like the parents-to-be are showered with a...
Read More >