Corporate Officers, Not Just Directors, Can Be Liable for Duty of Oversight Violations
Harvard Corporate Governance
FEBRUARY 7, 2023
Vice Chancellor Laster announced that “[t]his decision clarifies that corporate officers owe a duty of oversight[,]” rejecting Defendant’s contention that Delaware law does not impose obligations on corporate officers that are comparable to the duty of oversight articulated for directors in In re Caremark International Inc.
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