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UID:20250801T192507EDT-6812p5pEjr@132.216.98.100
DTSTAMP:20250801T232507Z
DESCRIPTION:Professor of Business Law Peer Zumbansen welcomes Professor Cyn
 thia A. Williams\, University of Illinois\, as part of the 2021-2022 Semin
 ars in Business & Society series. Professor Williams will deliver lecture 
 on the obligations of corporate directors with respect to climate change.
 \n\nAbstract\n\nOur understanding of climate change has evolved from an “e
 thical\, environmental” issue to one that presents foreseeable financial a
 nd systemic risks (and opportunities) over mainstream investment horizons.
  This evolution has substantially changed the relevance of climate change 
 to the governance of corporations. A critical corollary of that evolution 
 is that there are implications for the fiduciary duties of directors and o
 fficers.\n\nThis report provides an overview of contemporary evidence that
  climate change and the transition to a net-zero emissions economy present
 s foreseeable\, material\, and systemic financial risks that will affect c
 orporations. It considers that evidence in the context of directors’ and o
 fficers’ fiduciary duties under Delaware law\, particularly in light of re
 cent case law on the duty of oversight.\n\nIn so doing\, it sets out the p
 ractical circumstances in which a failure by directors or officers to have
  adequate regard to climate change-related issues could fail to satisfy th
 e standard of conduct required to fulfill their duties and lead to potenti
 al litigation and liability exposures.\n\n​The speaker\n\nProfessor Cynthi
 a A. Williams joined Osgoode Hall in July 2013 as the inaugural Osler Chai
 r in Business Law\, a position from which she recently retired.\n\nShe als
 o holds a part-time position as Professor of U.S. Corporate and Securities
  Law at the Vrije Universiteit (VU)\, Amsterdam. Prof. Williams is an emer
 ita faculty member at the University of Illinois College of Law\, and bega
 n her career practicing law at Cravath\, Swaine & Moore in New York City. 
 She writes in the areas of securities law\, corporate law\, and corporate 
 responsibility\, often in interdisciplinary collaborations\, and engages i
 n policy work in Canada\, the U.K.\, and the U.S. through her board member
 ship in the Climate Bonds Initiative\, based in London\; and as principal 
 co-investigator and board member of the Commonwealth Climate and Law Initi
 ative\, part of the Oxford Sustainable Finance Program.\n\n \n
DTSTART:20211025T170000Z
DTEND:20211025T183000Z
LOCATION:Zoom: https://mcgill.zoom.us/j/88666268750
SUMMARY:Corporations & Climate Change: Directors' Legal Obligations & Litig
 ation
URL:/law/channels/event/corporations-climate-change-di
 rectors-legal-obligations-litigation-334341
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