Beyond Caremark: Individual and Corporate Liability Considerations

Michael Peregrine wrote this bylined article on the Reiter case, the latest Delaware derivative action to address the Caremark board compliance standard. “The compliance oversight conduct of a corporate officer or director can come under scrutiny in ways apart from the derivative environment,” Mr. Peregrine wrote, creating “a powerful boardroom motivation for continued vigorous and fully informed oversight over, and decision-making with respect to, the corporation’s compliance function.”