in Ensuring Corporate Misconduct

Published by University of Chicago Press

Published in print January 2011 | ISBN: 9780226035154
Published online March 2013 | e-ISBN: 9780226035079 | DOI:

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This chapter discusses the theme of this book, which is the effectiveness of shareholder litigation in regulating corporate conduct. Based on interviews with people connected with Directors' and Officers' liability insurance, or D&O insurance, it examines the relationship between insurance and shareholder litigation and evaluates whether shareholder litigation accomplishes its regulatory objective. The chapter also discusses how the emerging consensus among most corporate and securities law scholars rejects compensation as a justification for shareholder litigation.

Keywords: shareholder litigation; corporate conduct; D&O insurance; corporate law; securities law; compensation

Chapter.  8010 words. 

Subjects: Company and Commercial Law

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