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Replacing the Board

Todd Henderson’s New Book Explores the Benefits of Outsourcing Corporate Governance

Faculty Masterclass in New York

10/23
Add to Calendar 2018-10-23 12:00:00 2018-10-23 14:00:00 Faculty Masterclass in New York

"Outsourcing the Board"
A Conversation with M. Todd Henderson, Michael J. Marks Professor of Law

Join Professor Henderson for a discussion of his recent book, Outsourcing the Board, with Stephen Bainbridge (UCLA). The book ventures to change the conversation about corporate governance by examining the origins, roles, and performance of boards with a simple question in mind: why does the law require governance to be delivered through individual board members? While tracing the development of boards from quasi-political bodies through the current "monitoring" role, the authors find the reasons for this requirement to be wanting. Instead, they propose that corporations be permitted to hire other business associationsknown as "Board Service Providers"to provide governance services. Just as corporations hire law, accounting, and consulting firms, so too should they be permitted to hire governance firms, a small change that could dramatically increase board accountability and enable governance to be delivered more efficiently.

12 p.m.: Registration and lunch
12:30 p.m.: Program and Q&A
1:30 p.m.: Networking

Please RSVP below by Monday, October 15.  
 
For special assistance or needs, please contact Andrew Epps.

Special thanks to Wachtell, Lipton, Rosen & Katz for its support of this event.

 

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