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vote was fatally flawed by the threats. Shareholders were inappropriately placed in a position in which they were told that if they refused to vote affirmatively
Briskin would not support future transactions that might be beneficial to the corporation. A vote of the shareholders under such circumstances cannot satisfy the mandate of Section 242(b) requiring shareholder consent to charter amendments."
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case, Allen found that "As a director and officer
Briskin has a duty to act with complete loyalty to the interests of the corporation and its shareholders. His position in demanding the amendments under threat of thwarting corporate transactions is inconsistent with that obligation. The stockholder
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Allen was responsible for the establishment of the
Independence Standards Board (ISB) in July 1997, which was "created in response to the increasing challenges of addressing auditor independence issues as business and professional relationships more complex," the ISB operate within the American
449:, is a great investor because he is able to see the most important things and to resist the human temptation to become overly excited and to follow fashion. His occasional writings are richly rewarding to those interested in the operation of the capital markets."
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In this lecture Allen sketches a useful history of changing role, nature, expectations and description of CEOs from the 1950s and 60s-"the halcyon days in economic terms at least" to 2008.
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As
Chancellor Allen observed that: "The judges of that court spend most of their time adjudicating cases of alleged breaches of fiduciary duty by corporate officer or directors."
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He coauthored with Han Shen, "Assessing China's Top-down
Securities Market” in Morck Randall & Bernard Yeung eds. "Capitalizing China", The University of Chicago Press 2012;
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William Allen began teaching at the New York
University School of Law in 1997. Allen founded and was Director of the New York University Center for Law and Business.
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Institute of
Certified Public Accountants (AICPA) and will be under the oversight of the Securities and Exchange Commission (SEC).
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in
Toronto was centitled "Modern Corporate Governance and the Erosion of the Business Judgment Rule in Delaware Corporate Law".
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William T. Allen, Nusbaum
Professor of Law and Business, Director, Pollack Center for Law and Business
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445:(2000) "Greatness is often a combination of intellect, character and timing. Bogle, the founder of
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Modern
Corporate Governance and the Erosion of the Business Judgment Rule in Delaware Corporate Law
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317:"Lacos Land Company v. Arden Group, Inc | Case Brief for Law Students | Casebriefs"
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Allen served as counsel in the Corporate Department at Wachtell, Lipton, Rosen & Katz.
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SEC and AICPA announce members of new Independence Standards Board (ISB)
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Commentaries and Cases on the Law of Business Organizations 3rd Edition
117:(July 17, 1944 – October 13, 2019) was a professor of corporate law at
216:, which was first published in 2003 and is now in its fifth edition.
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from 1985 to 1997. He also worked for the bank and business law firm
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Kraakman, H. Reinier; Allen, William T.; Subramanian, Guhan (2016).
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Allen, William T.; Kraakman, Reinier H.; Subramanian, Guhan (2009).
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His January 2008 Davies Fund for Business Law Lecture delivered at
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Founder & Director, NYU Pollack Center for Law & Business
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Professor New York University Stern School of Business faculty
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Commentaries and Cases on the Law of Business Organization
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In re Caremark International Inc. Derivative Litigation
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New York University Stern School of Business faculty
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158:Independence Standards Board (ISB)
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65:Honorary L.L.D., 1972
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108:Corporate governance
67:Dickinson Law School
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72:University of Texas
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55:(2019-10-13)
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538:2019 deaths
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432:October 10,
382:October 10,
302:October 10,
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70:J.D., 1972
527:Categories
397:"Profiles"
239:References
212:His wrote
38:1944-07-17
437:Allen on
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81:1969 B.S.
62:Education
227:See also
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133:Career
356:S2CID
183:Cases
516:2003
506:ISBN
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434:2016
408:2023
384:2016
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50:Died
31:Born
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