- Video
Smith v. Van Gorkom: The Duty of Care [No. 86]
One of the most important standards in corporate governance is the duty of care. A corporate board of directors is responsible for acting in the best interests of shareholders, and considering all aspects of important transactions. Professor Todd Henderson discusses the landmark case of Smith v. Van Gorkom, where a board seemed to make a good decision on behalf of the shareholders but failed to exercise proper duty of care. https://youtube.com/watch?v=sQYVL1kWtAM