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79 Wash. U. L. Q. 403 (2001)
Director Accountability and the Mediating Role of the Corporate Board

handle is hein.journals/walq79 and id is 413 raw text is: Washington University Law Quarterly VoLUME 79 NUMBER2 2001 F. HODGE O'NEAL CORPORATE & SECURITIES LAW SYMPOSIUM CORPORATE ACCOUNTABILITY DIRECTOR ACCOUNTABILITY AND THE MEDIATING ROLE OF THE CORPORATE BOARD MARGARET M. BLAIR* LYNN A. STOUT** Abstract One of the most pressing questions facing both corporate scholars and businesspeople today is how corporate directors can be made accountable. Before addressing this issue, however, it seems important to consider two antecedent questions: To whom should directors be accountable? And for what? * Dr. Margaret M. Blair, Sloan Visiting Professor at the Georgetown University Law Center and Research Director for the Georgetown-Sloan Project on Business Institutions. Professor Lynn A. Stout, Professor of Law at the Georgetown University Law Center and Director of the Georgetown- Sloan Project on Business Institutions. ** Research on this article was funded in part by the Alfred P. Sloan Foundation, through its funding of the Georgetown-Sloan Project. An earlier draft was presented at the conference on Corporate Accountability organized by the Washington University School of Law and the Institute for Law & Economic Policy. We would like to thank the conference participants for their helpful insights and suggestions. We would also like to note our special debt to Melvin Eisenberg, Michael Bradley, George Kim Johnson, and Randall Thomas for their comments. Finally, we would like to extend our thanks to Anthony Danti for his research assistance.

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