recent developments in delaware corporate law - Greenberg Traurig ...

212 Delaware Law Review Volume 7:2
corporation, or to deprive it of profit or advantage which his skill and
ability might properly bring to it, or to enable it to make in the reasonable
and lawful exercise of its powers. 151
The shift — if there is one — appears to be toward increased shareholder expectations
of their fiduciaries as to independence and oversight and the pursuit of novel
claims against fiduciaries who fall short of those expanding expectations. One could argue,
therefore, that it is the public (i.e., shareholders) that have expanded their expectations of
corporate fiduciaries post-Enron, not the Delaware courts.
151. Guth v. Loft, 5 A.2d 503, 510 (Del. 1939).