Delaware Court Finds Corporate Officers Have Duty of Oversight and Sexual Harassment Can Be a Breach of the Duty of Loyalty

Overview - On 26 January 2023, the Delaware Court of Chancery (the Court) issued an important decision for corporations and their officers, finding for the first time that corporate officers—not just directors—owe a fiduciary duty of oversight. However, the Court held that an officer’s duty of oversight generally applies only as to matters within the officer’s areas of responsibility....
By: K&L Gates LLP