Delaware Courts Confirm High Standard for Breach of Oversight Duty Applies Equally to Officers and Directors | Bennett Jones LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
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
State lawmakers will consider school vouchers again. Kansas Senator Roger Marshall says the U.S. should stop spending billions of dollars to secure Ukraine's borders until we secure America's southern border. a Topeka man is convicted in the murder of his 2-year-old daughter. and a former police officer in Hutchinson pleads guilty to a series of sexual assaults. Those stories and more. here.
Kansas grapples with the fallout from a federal court's ruling on an abortion pill.the bodies of a Kansas City father and son have been recovered from a lake in Arkansas.and Kansas City gears up to host the NFL draft later this month. Those stories and more. here.
A global survey revealed that the number of lakes on the planet has increased substantially in recent decades. Read the article to know how it affects climate change and why it is a cause of concern.