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Corporate Officers Face Expanded Oversight: What To Know

A recent case involving McDonald s has expanded the scope of liability for oversight beyond directors to include corporate officers. ....

United States , Duane Morris , David Fairhurst , Mcdonald Corp , Caremark International Inc , Caremark International , Blue Bell Creameries , Stockholder Derivative Litigation ,

Caremark 2.0 Lends Shareholders Agency Against Polluters - Shareholders

Over the past couple of decades, the central aims of environmental law, broadly defined, have shifted, with increasing focus on the climate crisis ....

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Delaware Courts Confirm High Standard for Breach of Oversight Duty Applies Equally to Officers and Directors | Bennett Jones LLP

Delaware Courts Confirm High Standard for Breach of Oversight Duty Applies Equally to Officers and Directors | Bennett Jones LLP
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Delaware Courts Confirm High Standard for Breach of Oversight Duty Applies Equally to Officers and Directors

In the United States, corporate directors and, as confirmed by the Delaware Court in McDonald s Corp. Stockholder Derivative Litigation McDonald1, corporate officers owe, as a subset of their duty of loyalty, a duty to monitor and oversee the operations of a company. This duty of oversight is often referred to as the “Caremark” duty, named after the 1996 case establishing its parameters.2 A party seeking to bring a Caremark claim against a director and/or officer “must allege sufficient facts to support a reasonable inference that the fiduciary acted in bad faith.”3 ....

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Delaware Rulings on Officer Duties

Delaware Rulings on Officer Duties
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