Director Liability for CEO Pay

This interesting op-ed by Geoffrey Colvin for Fortune magazine (via LexisNexis) entitled–“CEO pay meets its match: plaintiffs lawyers“–suggests that under recent Delaware case law, directors could be personally liable if they fail to analyze and monitor a CEO’s compensation. Previous posts here and here discuss director liability in the ERISA arena for failure to monitor plan fiduciaries–a topic which has been a major focus of ERISA litigation in the last few years.