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COUNCIL DRAFT 15 [i] (November 15, 1990, VOLUME 1)

handle is hein.ali/alicgv0047 and id is 1 raw text is: 0Qlfo- This document, as of the date it was printed, had not been considered by the Council or membership of The American Law Institute, and therefore does not represent the position of the Institute on any of the issues with which it deals. The American Law Institute PRINCIPLES OF CORPORATE GOVERNANCE: ANALYSIS AND RECOMMENDATIONS Council Draft No. 15 (November 15, 1990) Subjects Covered: Part I. Definitions Part II. The Objective and Conduct of the Corporation Part. III. Functions and Powers of Officers and Directors in Publicly Held Companies; Audit Committee in Large Publicly Held Corporations Part III-A. Recommendations of Corporate Practice Concerning the Board and the Principal Oversight Committees Part IV. Duty of Care and the Business Judgment Rule Submitted to the meeting of the Council of The American Law Institute on December 5 (at 10:00 a.m.), 6, 7, and 8, 1990, at D'Agostino and Vanderbilt Halls, New York University School of Law, 110 West 3rd Street, New York, New York. This Draft is scheduled for discussion on Thursday, December 6, at 2:00 p.m. TIE EXECUTIVE OFFICE 711E AMERICAN LAW INSTITUTE 4025 Chestnut Street Philadelphia, PA 19104