| Evolving Role of Independent Directors |
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The topic for this year’s series of Chancery Court
panels was the evolving role of independent directors in corporate
governance. The panels were moderated by Leo Strine, Jr.,
L’88, vice chancellor of the Delaware Chancery Court, and Penn
Law professor Michael L. Wachter, co-director of the Institute
for Law and Economics. The March discussion focused on how
corporations should organize their board committees in light of
new legal and financial mandates. Addressed in the April panel
were the changes of labor’s influence on investment markets
through the years and the corporate governance initiatives that
are in labor’s best interests.
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