Gavel Insight

Corporate governance comprises the rules, practices, and processes that direct and manage the operations of a company. At the heart of corporate governance lies the board of directors, responsible for ensuring that the company's interests align with those of its shareholders and other stakeholders. In Waterbury, Connecticut, as in other parts of the United States, corporate governance law is an ever-evolving field driven by legislation, regulatory oversight, judicial decisions, and best practices. One of the fundamental aspects of corporate governance law that continues to warrant attention and interpretation is the director's duty of care. Under U.S. corporate law, the board of directors is vested with the power to oversee the management and affairs of the corporation. Directors are expected to fulfil their roles with a certain level of attentiveness and diligence, which is legally framed as the 'duty of care.' This duty obliges directors to make decisions after reason...