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IBA Guide - Role of Board of Directors Facing Strategic Transactions 2016
This guide by the Corporate Governance Subcommittee of the Corporate and M&A Law Committee outlines on a jurisdiction-by-jurisdiction basis the role of the board of directors in strategic transactions. In many cases, there are no legal/mandatory obligations or duties that are borne by board members (exceptions include the US). However, soft law is developing rapidly and more recommendations are being put forward to entice boards to take a more proactive role when facing strategic transactions.
Rosselle, G., Jorens, P., Belgium section, in IBA's Corporate and M&A Law Committee, Role of Board of Directors Facing Strategic Transactions 2016, International Bar Association, www.ibanet.org, 2016, pp. 22-28.