Evolving Risk Oversight Obligations for Directors: Emerging Trends to Watch

Achyut Phadke is a partner at Munger, Tolles & Olson, and Brian Rivas Boessenecker is a litigation associate at the firm. In this article they explore how directors' duties are shifting in response to evolving business and legal risks, five years after the Delaware Supreme Court's Marchand v. Barnhill decision. The authors highlight important areas of oversight directors should prioritize, including compliance, cybersecurity, and AI.