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Since the early 1980s, the body of corporate law has favored the resolution of conflict of interest transactions through the use of committees of the board of directors commonly referred to as "special" (or "independent" or "conflicts") committees. Special committees are recognized as effective tools to resolve conflicts in transactions, to investigate potential corporate wrongdoing and to assert the board's control over pending derivative litigation. Given the widespread use of special committees and the body of law that has grown up relating to its use, Special Committees: Law and Practice is the definitive reference on this emerging area of law.
This text investigates the legal framework and practical application of special committees within corporate governance to resolve conflicts of interest. The authors, Gregory Varallo, Michael A. Allen, and Srinivas Raju, leverage their extensive legal expertise to synthesize decades of case law and corporate practice. They provide a comprehensive analysis of how these committees function to mitigate risk, investigate internal wrongdoing, and manage derivative litigation effectively.
What You Will Find
Legal practitioners and corporate counsel frequently cite this work as a foundational reference for navigating complex board-level disputes. Experts highlight the text for its clarity in translating dense case law into actionable guidance for modern corporate governance.
Page Count:
302
Publication Date:
2011-02-16
Publisher:
Oxford University Press
ISBN-10:
0199735131
ISBN-13:
9780199735136
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