News that hospitality veteran James Horler resigned from Patisserie Valerie's board raises the question: what purpose to outside board members play? If they are excused from supervising the nitty-gritty of a company's accounts are they then left with being a sounding board and in-house giver of strategic advice? And who are they accountable to?
(16-Jan-2019)
James Horler resigns fro Patisserie Valerie Board
Yesterday, in McRitchie v. Zuckerberg (Del. Ch.; 4/24), Vice Chancellor
Laster confirmed that directors owe “firm-specific fiduciary duties” under
Delaware...
11 hours ago
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