June 29, 2023
Cravath partners Mark I. Greene and Eric W. Hilfers spoke at Stanford Law School’s 28th Annual Directors’ College, which was held from June 26‑28, 2023, virtually and in Stanford, CA.
Mark spoke on a panel entitled “Mergers & Acquisitions,” which reviewed best practices in board engagement with M&A strategy and implementation from both buy and sell sides, including director fiduciary responsibilities in M&A transactions, implications of shareholder activism, Delaware law considerations and how boards can build a record that will withstand litigation scrutiny. Eric spoke on a panel entitled “Current Issues in CEO and Director Compensation,” which examined the shifting focus of incentive pay from traditional performance metrics to emphasize other key strategic initiatives, such as meeting DEI or other environmental, social and governance objectives, as well as best practices for compensation committee processes and navigating enhanced clawback rules.
Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.