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The Role and Responsibilities of Directors who are Chosen by a Particular Constituency (MP3 Audio Download) |
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This panel examines the role and responsibilities of directors or members of other governing bodies who are nominated or elected by a particular constituency of the firm. In particular, what are the fiduciary or other responsibilities of such "representative" directors?
The issue has an enormous range of permutations: sovereign wealth funds, venture capital firms, labor unions, and government bodies, among other institutions, all may from time to time seek and obtain representation on the governing bodies of firms in which they invest or otherwise participate. How should the law define how these representatives are to behave? Under a conventional legal view, these representatives, barring contractual modification, are charged with advancing the interests of the firm and its owners as a collective abstraction. The panel explores whether this standard is appropriate and realistic.
This program was recorded live from the ABA Section of Business Law 2009 Delaware Business Law Forum on March 7, 2009.
CLE credit is not available for this program.
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This download includes the MP3 audio file and the course materials in PDF. Both files will be delivered together in a ZIP file. To play an audio download in MP3 format, your will need a media player such as iTunes,Windows Media Player, RealPlayer, or Quicktime. For instructions on loading MP3 files to a portable media device, please refer to your device's instruction manual.Course materials require Adobe Reader®.
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Immediately after checkout, the download file(s) will be available in Your Downloads (accessible in the left navigation area of the Web Store when logged in).
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