Tagged: officer oversight

Delaware Court Extends Caremark Duty of Oversight to Senior Officers

In a far-reaching decision with significant implications, the Delaware Chancery Court recently issued a decision confirming that Caremark duty of oversight obligations extends to senior officers.  This will have an immediate impact on shareholder derivative risks and litigation.  Companies now will face duty of oversight breach claims that include or even just focus on senior officers who have breached their fiduciary duty of oversight.  Vice...