The D&O Diary: “Delaware Chancery Court: A Sweeping Vision of Outside Directors’ Foreign Operations Oversight Responsibilities?

In the current global economy, many companies have operations and assets in far-flung corners of the world. These geographically dispersed arrangements have a number of implications for the concerned companies. According to a recent decision from the Delaware Court of Chancery, the arrangements may also have important implications of these companies’ outside directors, at least for those companies organized under Delaware law. These implications could include heightened responsibilities and even heightened liability exposures that may come as a surprise to some outside directors.

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http://www.dandodiary.com/2013/02/articles/shareholders-derivative-litiga/delaware-chancery-court-a-sweeping-vision-of-outside-directors-foreign-operations-oversight-responsibilities/

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