Intruders in the Boardroom: The Case of Constituency Directors

Under current fiduciary rules, directors who fail to maintain an undivided loyalty to common shareholders are essentially “intruders,” exposed to shareholder retribution and liability for breach of fiduciary duty. This Article argues that the increasing appointment of “constituency directors” has made the fiduciary principle of undivided loyalty to the common shareholders both outdated and normativelyContinue reading “Intruders in the Boardroom: The Case of Constituency Directors”