Sue me, if you can. How laws that prevent directors being sued make firms less likely to recall potentially dangerous products
- Written by: Arvid O. I. Hoffmann, Professor of Marketing, University of Adelaide
About half the states in the United States have introduced so-called universal demand laws that make it harder for aggrieved shareholders to sue company directors and hold managers personally liable for decisions that have harmed the company.
One such lawsuit by Boeing shareholders resulted in current and former directors of the airline agreeing to...
