Brewer v. Turner: When Board Delay Becomes Bad Faith - Compliance Podcast Network

Brewer v. Turner: When Board Delay Becomes Bad Faith - Compliance Podcast Network

In corporate governance, timing is everything. A board’s oversight failure does not always come from what it does not see it often comes from how long it waits to act once the warning lights flash red. This cautionary tales comes to use from the shareholder action in the case of  Brewer v. Turner, the Delaware Court of Chancery decision that allowed a Caremark claim against the directors of Regions Financial Corporation to proceed. The opinion m…