Corporate Governance Problems Facing the Energy Sector

19 July 2012 Publication
Authors: Craig Florence

Oil & Gas Financial Journal

Partners Craig B. Florence and Randy D. Gordon, members of the Firm's Trial Practice Group, co-wrote an article for the Oil and Gas Financial Journal. Published July 19, the article is titled "Corporate Governance Problems Facing the Energy Sector." An excerpt may be viewed below.

A director's job is to maximize the value of the company she serves, and she can't ordinarily do that well if she serves in another venture operating in the same domain. And she can't even conceivably do that consistent with her duty of loyalty, if she tries the move without the permission of the company. Were the rules otherwise, we would quickly see a return to 19th century robber-baron "ethics," in which officers and directors skimmed all corporate cream for themselves and left thin water for ordinary investors.

Related Services


Review of Recent Whistleblower Developments
30 July 2021
Legal News: Whistleblower Developments
$4.24M Now the Average Cost Per Data Breach!
30 July 2021
Internet, IT & e-Discovery Blog
Podcast Episode 56: All Things Summer Associate Recruiting
30 July 2021
Foley Career Perspectives
Foley Podcast to Live Panel Discussion
29 July 2021
Foley Career Perspectives
30th Annual Law of Product Distribution & Franchise Seminar
29 September | 7 & 20 October 2021
Milwaukee | Chicago | Dallas
7th National Telehealth Summit
4-5 October 2021
Miami Beach, FL
AHLA Fraud & Compliance Forum
21-22 September 2021
Baltimore, MD
2nd Clinical Trial Agreements Forum
16-17 September 2021
Online Livestream