Realigning the standard of review of director due care with Delaware public policy: A critique of Van Gorkom and its progeny as a standard of review problem

Allen et al examine the role of "Smith v. Van Gorkom" as part of a continuum of Delaware judicial decisions that gives insufficient weight to the substantive policy judgments underlying the gross negligence standard of review that governs whether corporate directors should be found liable...

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Bibliographic Details
Published in:Northwestern University law review 2002-12, Vol.96 (2), p.449
Main Authors: Allen, William T, Jacobs, Jack B, Strine, Leo E
Format: Article
Language:English
Subjects:
Corporate officers
Directors
Duty of care
Negligence
Public policy
Rationality
State court decisions
State laws
Torts
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Summary:Allen et al examine the role of "Smith v. Van Gorkom" as part of a continuum of Delaware judicial decisions that gives insufficient weight to the substantive policy judgments underlying the gross negligence standard of review that governs whether corporate directors should be found liable for breaching their duty of care.
ISSN:0029-3571