August 01, 2015

Overcoming the Challenge of Director Misconduct

Elizabeth M. Dunshee, Jayne E. Juvan, and Christian Douglas Wright

For corporations in the United States, the board of directors plays a critical oversight role in ensuring that management is accountable for the enterprise’s success or failure in achieving its goals. The board also oversees the corporation’s compliance with a sometimes bewildering array of federal, state, and local laws and regulations in often challenging economic and legal environments, while also dealing with the many and sometimes conflicting demands and pressures from constituencies both inside and outside the corporation, including government agencies, stockholders, employees, customers, suppliers, lenders, and competitors.

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