They Had One Job

In an incisive Directors & Boards column titled “They Had One Job,” Philadelphia partner Doug Raymond analyzes how boards’ duty of oversight has evolved and expanded under the law. Examining the recent Delaware Supreme Court ruling in Marchand v. Barnhill, and the chancery court’s subsequent application of that ruling, Doug shows how the lofty standard set by the Caremark opinion has reached new heights and breaks down why even vigorous compliance programs and reporting procedures won’t cut it for corporate boards moving forward.

Kyle Loder assisted in the preparation of this column.