Caremark Compliance for the Next Twenty-Five Years

Courtesy of Robert Bird One of the most influential cases in corporate governance isIn re Caremark Inc. Derivative Litigation (Caremark).[1] In 1996, Caremark imposed a novel duty on boards of directors to make a good faith attempt to implement and exercise oversight over obligations leading to liability. In my manuscript titled, “Caremark Compliance for the Next Twenty-Five […]