The Duties and Liabilities of the Board of Directors

This Element is an excerpt from Corporate Governance Matters: A Closer Look at Organizational Choices and Their Consequences (9780132180269) by David Larcker and Brian Tayan. Available in print and digital formats.

A primer on what corporate board members should be doing: expert guidance on advisory and monitoring functions, compliance, fiduciary duty, independence, and more.

When asked what areas directors should pay most attention to, other than profitability and shareholder value, di...