By Heidi Weaver
Usually when I read an article or attend an event in the Wellness space, I come away with a to-do list of helpful action items that I have every intention of trying to implement in my busy life to improve my wellbeing. But we all know that adding stuff to your to-do list can be overwhelming, which can of course have a deleterious effect on your health and wellness.
Recently, the Delaware Court of Chancery has expanded the fiduciary duty of oversight to include corporate officers. This development arose from the Court of Chancery’s decision in In re McDonald’s Corp. Stockholder Derivative Litigation. Prior to this decision, it was unclear whether or not the duty of oversight applied to corporate officers in the same way it did to directors. However, that ambiguity is now resolved, and Delaware corporations will need to adjust their internal policies and procedures to reflect this expanded duty. As many of us here in California have clients who either are or are considering incorporating in Delaware, this is an important development to follow. This summary should give you a foundation to get started.
