Proceedings of the 2014 Delaware Business Law Forum: Director-Centric Governance in the Golden Age of Shareholder Activism
Publication| Corporate & Chancery Litigation
In October 2014, leading corporate governance practitioners from around the UnitedStates convened at the biennial Delaware Business Law Forum, along with current andformer jurists of the Delaware Supreme Court and Court of Chancery, to discuss and debatedeveloping topics in corporate governance. Participants also included representativesof “activist” investors, institutional investors, public company directors and those who advisethem, academics, and others. The participants considered and debated the extent towhich corporate governance remains “board-centric,” the extent to which the rise of shareholderactivism is changing that paradigm, and what implications such changes may havefor the future. This Article reports on the key questions discussed at the Forum and attemptsto summarize the discussion and consensus (if any) reached with respect to thesequestions.