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What are the Consequences of Regulating Executive Compensation?
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Upstream Liability, Entities as Boards, and the Theory of the Firm

Directors have fiduciary duties, and the most litigated and most demanding of those duties is the duty of loyalty. The key questions for duty of loyalty litigation are director-by-director questions: Did this particular director have a conflict? Is it futile to make a demand on that particular director?...

Mentions: Fiduciary Duties Delaware