How Changing Corporate Purpose May Affect D&O Insurance

Law360 (August 28, 2019, 1:55 PM EDT) -- In an update of the Business Roundtable's "Statement of the Purpose of a Corporation," nearly 200 member CEOs eschew a sole focus on the shorter-term interests of shareholders in favor of "a fundamental commitment to all of our stakeholders." Those stakeholders are specified as employees, suppliers, communities and shareholders.

That change in narrative will prompt public discussion and developments in law — potentially leading to changes in the application of long-established rules related to whether a board of directors should focus solely on the short-term best interests of shareholders. The public discussion and developments in law will continue.

A change in...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS