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Delaware Chief Justice on Corporate Governance

Wednesday, Jan. 25, 2012

In three video interviews with Center Executive Director Kirk O. Hanson, Myron Steele, chief justice of the Delaware Supreme Court, talks about critical issues in corporate governance, with particular emphasis on fiduciary duty.

Steele, who spoke at a recent meeting of the Center's Business and Organizational Ethics Partnership, traced the origin of the concept of fiduciary duty to common law, stretching back to Roman times.  The Delaware court, which is a primary source of corporate law in America, recognizes three components of fiduciary duty, he said: the duty of loyalty, the duty of independence, and the duty of care.

Tags: business ethics, corporate governance