Executive Pay and the Duty of Good Faith
Lecture no. 6 from the course: Law School for Everyone: Corporate Law
Taught by Professor George S. Geis | 29 min | Categories: The Great Courses Plus Online Professional Development Courses
Explore two of the most important contexts for the duty of good faith in corporate law: executive compensation and the obligation of a board to monitor its firm’s activities. Learn how courts evaluate how much executive pay is too much, and how the “Caremark standard” requires corporate directors to ensure their firm doesn’t engage in illegal activities.