Corporate Goverance - Episode 3: Fidicuary Duties
Organized: The Business Law Breakdown · Seth C. Oranburg
Audio is streamed directly from the publisher (mcdn.podbean.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Professor Seth C. Oranburg explores the boardroom as the corporation's power center, detailing the board's three core responsibilities: setting strategy, hiring/firing the CEO, and overseeing risk. He breaks down fiduciary duties (care, loyalty, and oversight), distinguishes inside vs. outside directors, and uses cases like Paramount v. Time (strategic mergers), Disney/Ovitz (CEO hiring failures), and Theranos (oversight lapses) to illustrate successes and disasters. The episode stresses boards' legal obligations and the consequences of neglect.