Corporate Goverance - Episode 7: Executive Compensation
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
This episode covers the "duty of oversight" (part of care/loyalty), requiring active risk monitoring to prevent scandals. Professor Seth C. Oranburg traces its evolution via Caremark (bribery oversight failure, establishing the standard), Marchand/Blue Bell (listeria deaths from ignored safety), and McDonald's (officer liability for harassment). He extends to modern risks like cybersecurity, AI, ESG, emphasizing systems for red flags—failures lead to personal fines and reputational ruin.