Leo E. Strine, Jr. is Michael L. Wachter Distinguished Fellow at the University of Pennsylvania Carey Law Faculty Senior Fellow, Harvard System on Company Governance Of Counsel, Wachtell, Lipton, Rosen & Katz and previous Main Justice and Chancellor, the Condition of Delaware. Laura A. McIntosh is consulting legal professional at Wachtell, Lipton, Rosen & Katz. This put up is primarily based on their post, forthcoming in Directors and Boards Journal.
Digital abilities and digital files are double-edged swords.
Contemporary data technological innovation can markedly improve the efficiency and excellent of the deliberative processes of corporate boards of administrators. Nevertheless, if utilised imprudently, the very same technological capabilities can cut down the excellent and integrity of corporate selection-earning, most likely exposing a firm and its directors not only to larger litigation prices and pitfalls, but also to really serious reputational harm.
Regrettably, relatively than evolving to hold tempo with technological
… read more...