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About: In re Caremark International Inc. Derivative Litigation     Goto   Sponge   NotDistinct   Permalink

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Type: yago:Abstraction100002137yago:Case107308889yago:Event100029378yago:Happening107283608yago:PsychologicalFeature100023100yago:YagoPermanentlyLocatedEntity New Facet based on Instances of this Class

In re Caremark International Inc. Derivative Litigation, 698 A.2d 959 (Del. Ch. 1996), is a civil action that came before the Delaware Court of Chancery. It is an important case in United States corporate law and discusses a director's duty of care in the oversight context. It raised the question regarding compliance, "what is the board's responsibility with respect to the organization and monitoring of the enterprise to assure that the corporation functions within the law to achieve its purposes?" Chancellor Allen wrote the opinion.