Recent Director and Executive Compensation Lawsuits Heighten Need for Robust Corporate Governance
Over the past two years, there has been an uptick in the number of lawsuits challenging director and executive compensation. Cases such as In Re: Investors Bancorp , Stein v. Blankfein , Hertz v. Frissora and, most recently, Tornetta v. Musk are setting new precedent and introducing novel legal theories. This alert highlights certain recent lawsuits in this area and sets out considerations for boards setting executive and director compensation in light of these cases...
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