Corporate Goverance - Episode 2: The Board of Directors

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Recorded12 Aug 2025

Publisherfeed.podbean.com ↗

Handlerec:18931759

Show notes

Professor Seth C. Oranburg explores the boardroom as the corporation's power center, detailing the board's three core responsibilities: setting strategy, hiring/firing the CEO, and overseeing risk. He breaks down fiduciary duties (care, loyalty, and oversight), distinguishes inside vs. outside directors, and uses cases like Paramount v. Time (strategic mergers), Disney/Ovitz (CEO hiring failures), and Theranos (oversight lapses) to illustrate successes and disasters. The episode stresses boards' legal obligations and the consequences of neglect.

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