“Hospitals are careful to get the latest and greatest medical equipment, but then they don’t spend on the infrastructure,” Michael Orlowicz, a principal at consulting company Lawrence Associates LLC, said in an interview. [read post]

Schwarcz, Duke University School of Law, on Monday, July 25, 2016 Tags: Agency costs, Business judgment rule, Capital markets, D&O insurance, Director liability, Financial crisis, Financial regulation, Incentives, Management, Moral hazard, Public interest, Risk committee, Risk oversight, Risk-taking, SIFIs,Systemic risk Delaware Court on LLC Managers’ Authority to Delegate Posted by David A. [read post]