Recent action by the Securities and Exchange Commission and the New York Stock Exchange make it clear that the Commission and the Exchange regard the delegation of corporate board of directors' authority to independent committees as beneficial to the public interest. In this Article, the author examines the potential for individual director liability that arises from such delegation of authority.
Kolb, Charles E. M.
"The Delegation of Authority to Committees of the Board of Directors: Directors' Liabilities,"
University of Baltimore Law Review: Vol. 9
, Article 2.
Available at: http://scholarworks.law.ubalt.edu/ublr/vol9/iss2/2