One of the fundamental debates in corporate law pits the authority of the board of directors to make business decisions without judicial interference against the accountability of directors to shareholders for their decisions. The business judgment rule attests to the value ascribed to authority...

This is the text of a presentation made at the Notre Dame Law School Spring 2009 Symposium, quot;The Future of Fiduciary Duties in Corporate Lawquot;, on Friday, March 27, 2009. An article is in the works. Comments are welcome