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《公司法中的行为异化及评价标准研究(纯英文,Fordham法律评论)》.pdf
Fordham Law R eview
Volume 62 | Issue 3 Article 1
1993
The Divergence of Standards of Conduct and
Standards of Review in Corporate Law
Melvin Aron Eisenberg
Recommended Citation
Melvin Aron Eisenberg, The Divergen ce of Standards of Conduct and Standards of Review in Corp orate Law, 62 Fordham L. Rev. 437
(1993).
Available at : /flr/vol62/iss3/1
This Article is brought to you for ree and open access by FLASH: The Fordham Law Archive of Scholarship and History. It has been accepted for
inclusion in Fordham Law R eview by an authorized administrator of FLASH: The Fordham Law Archive of Scholarship and History. For more
information, please contact tmelnick@.
ARTICLES
THE DIVERGENCE OF STANDARDS OF
CONDUCT AND STANDARDS OF REVIEW
IN CORPORATE LAW
MELVIN ARON EISENBERG *
In thisArticle; ProfessorEisenberg examines how and why standardsof conduct
and standardsof review diverge in corporatelaw. Professor Eisenberg analyzes
the relevantstandardsofconduct and review that apply in a number ofcorporate
law contexts. He discusses the reasoningandpolicies underlying these diverging
standards. ProfessorEisenberg explains the basis of most existing standardsof
conduct and review and suggests modifications of several others.
INTRODUCTION
r-H IS Article concerns standards of conduct and standards of review
I in corporate law. A standardof conduct states how an actor should
conduct a given activity or play a given role. A standardof review states
the test a court should apply when it reviews an actors conduct to deter-
mine whether to impose liability or gra
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