Imagine The Following All-Too-Plausible Scenario… The date is December 21st, 2017 and the typical American holiday shopping fanfare – our Bacchus offering to the gods of modern western consumerism – is noticeably tempered due to increasing concerns about financial...
There’s no questioning the current power of the duty of loyalty to correct bad corporate actors or dissuade directors from self-dealing. But, as this article will show, that is only half of the story. For the better half of the last century, corporate jurisprudence...