This blog includes summaries of many Delaware Chancery Court and Supreme Court cases as well as commentaries that focus on independent directors. Prof. Usha Rodrigues wrote a recent article that discusses the increasing preference for boards with a majority of independent directors. Her article is entitled: The Fetishization of Independence and was highlighted by Victor Fleischer here on the Conglomerate blog.
The sketch below by Charles Fincher of www.lawcomix.com is an example of the approach of a board that lacks independence:
