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COUNCIL DRAFT 3 [i] (November 15, 1983)

handle is hein.ali/alicgv0030 and id is 1 raw text is: z oc', H H W o HF Z~ 0 E- ~z F-4 r~~Z Z0 W W UUZ H oo : r Z E-4 Qz H- WzE- P P THIS DRAFT IS PRIVATE AND CONFIDENTIAL PUBLIC DISCLOSURE IS PROtHIBITED (Not to be sold, offered for sale, or otherwise published) The American Law Institute PRINCIPLES OF CORPORATE GOVERNANCE: ANALYSIS AND RECOMMENDATIONS Council Draft No. 3 Part I. Part H. Part Ifl. Part V. Part VII. Subjects Covered: Definitions Objective and Conduct of the Corporation Structure of the Corporation Duty of Loyalty (Sections 5.11, 5.15) Remedies Submitted to the meeting of the Council of The American Law Institute on December 7 (at 10:00 a.m.), 8, 9, and 10, 1983, at the Association of the Bar of the City of New York, 42 West 44th Street, New York City. This Draft is scheduled for discussion on Thursday, December 8, at 9:30 a.m. November 15, 1983 TimE ExwctmvE OmcE THE AMEuCAN LAw INsTrtrrE 4025 Chestnut Street Philadelphia, PA 19104 *This is a preliminary draft submitted 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 As an unpublished document intended for internal use, this draft should not be generally circulated or distributed, nor should it be quoted from or cited or its substance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.