Anmerkungen:
In: Delaware Journal of Corporate Law, Vol. 20, No. 1, pp 123-131, 1995
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 1995 erstellt
Beschreibung:
Four sentences into his classic work, The Common Law, Oliver Wendell Holmes pronounced: "The life of the law has not been logic: it has been experience."' Holmes contended that such things as the "felt necessities of the time, the prevalent moral and political theories," and "even the prejudices which judges share with their fellow-men have...more to do [with the determination of legal rules] than the syllogism." If the thesis of Holmes' first lecture - ominously titled "Early Forms of Liability" - holds true, a new legal rule may well be in the offing to deal with the subject of director responsibility for corporate performance