Re-examining the business judgment rule from a comparative perspective: Is it really in the shareholders’ interests?

Author

Aurelio GURREA-MARTINEZ, Singapore Management UniversityFollow

Publication Type

Blog Post

Version

publishedVersion

Publication Date

2-2016

Abstract

One of the most remarkable features of US corporate law–at least, from the perspective of a foreign scholar–is the power given to the board of directors. Under current US corporate law (especially, in Delaware), the authority of the board of directors is not in significant question. Several arguments have been given to explain this reality; and various policy justifications may even support the lack of substantive checks on board discretion.

Discipline

Business Organizations Law | Comparative and Foreign Law

Research Areas

Corporate, Finance and Securities Law

Publisher

Taylor & Francis (Routledge): SSH Titles - no Open Select

Citation

Aurelio GURREA-MARTINEZ. Re-examining the business judgment rule from a comparative perspective: Is it really in the shareholders’ interests?. (2016).
Available at: https://ink.library.smu.edu.sg/sol_research/3712

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.