Willam Allen is the former Chancellor of the Delaware Court of Chancery, and is now the Director, NYU Center for Law & Business, Professor of Law and Clinical Professor of Business at New York University Law School.  Professor Bainbridge highlights here, and provides a link to a new law review article the former Chancellor penned on modern corporate governance and Delaware corporate law. The good professor introduces the article in this way:

In a paper entitled Modern Corporate Governance and the Erosion of the Business Judgment Rule in Delaware Corporate Law, former Delaware Chancellor William Allen tackles two subjects near to my heart: (1) the role of the board of directors and (2) the centrality of the business judgment rule to corporate law.