Corporate directors' delegation of duties questioned in Conrail control battle.
Directors of corporations have a duty to manage the business, but they can delegate tasks to others while still overseeing them. However, they must be careful not to delegate too much authority, as this could breach their fiduciary duties. This is especially important during battles for corporate control. Directors often rely on officers, employees, and outside advisors to help achieve the corporation's goals, but they must retain ultimate authority. The key is finding the right balance between delegation and oversight to fulfill their responsibilities effectively.