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MEMORANDUM 3 [i] (June 23, 1981)

handle is hein.ali/alicgv0007 and id is 1 raw text is: THIS DRAFT IS PRIVATE AND CONFIDENTIAL
PUBLIC DISCLOSURE IS PROHIBITED*
(Not to be sold, offered for sale, or otherwise published)
The American Law Institute
CORPORATE GOVERNANCE PROJECT
Memorandum No. 3
Subjects Covered:
Part I. Definitions; Part II. Objective and Conduct of the Corporation;
Part III. Structure of the Corporation; Part IV. Duty of Care and
Business Judgment; Part VII. Remedies
Submitted to the Consultants for consideration at their meeting
on July 8 (at noon), 9, 10, 11, and 12, 1981, at The Association of the Bar of the City of
New York, 42 W. 44 Street, New York, New York

June 23, 1981

The Executive Office
THE AMERICAN LAW INSTITUTE
4025 Chestnut Street
Philadelphia, PA 19104

*This is a preliminary draft suhmitted on a private and confidential basis to a limited group for the sole
purpose of study and criticism. It has not been promulgated or approved by the Council or the
members of The American Law Institute.
As an unpublished document intended for internal use, this draft should not be generally circulated or
distributed, nor should it be quoted from or cited or its substance disclosed in any public address or
writing.