Faculty in the News

msteele@ potteranderson.com


Myron T. Steele

LL.M., University of Virginia School of Law, 2005
J.D., University of Virginia School of Law, 1970
B.A., University of Virginia, 1967

Myron T. Steele, who teaches the Law School short course Advising The Board Of Directors In a Mergers and Acquisitions World, is a partner at the Delaware law firm Potter Anderson & Corroon and the recently retired chief justice of the Supreme Court of Delaware. Previously, he served as a vice chancellor of the Delaware Court of Chancery. He has presided over major corporate litigation, LLC and limited partner governance disputes and writes frequently on issues of corporate document interpretation and corporate governance. Steele has published more than 300 opinions resolving disputes among members of limited liability companies, and limited partnerships, and between shareholders and management of both publicly traded and close corporations.

Steele has taught at the University of Pennsylvania Law School as well as at the University of Virginia School of Law.

The Directorship Magazine ranked Steele as one of the 100 most influential people in corporate governance in the United States. Ethisphere Magazine ranked Steele second in its list of the 100 Most Influential People in Business Ethics for 2007. Lawdragon Magazine has consistently placed Steele among its annual Lawdragon 500 Leading Lawyers in America and Top Judges in America.

In July 2012, the Conference of Chief Justices of the United States elected Steele president for 2012-2013 and chairman of the board of directors of the National Center for State Courts.

In October 2012, the U.S. Chamber Institute for Legal Reform honored Steele with the Judicial Leadership Achievement Award.

In May 2014 the University of Delaware “admitted” him to an honorary doctor of laws degree.

In December 2014 the National Association of Corporate Directors elected Steele to their Director 100 Hall of Fame for lifetime achievement in corporate governance.

In 2015 the College of Corporate Governance Attorneys elected him as a member and trustee of the college’s initial board.

In 2015 the Citadel Business School Board elected him to the School’s Business Leaders Hall of Fame.

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“The Moral Underpinning of Delaware’s Modern Corporate Fiduciary Duties” (with Ryan Scofield and Jonathan Urick), 26 Notre Dame J.L. Ethics & Pub. Pol'y 3 (2012).

"Freedom of Contract and Default Contractual Duties in Delaware Limited Partnerships and Limited Liability Companies" (with John Allen Eakins), 46 Am. Bus. L.J. 221 (2009).

"Delaware's Guidance: Ensuring Equity for the Modern Witenagemot" (with J.W. Verret), 2 Va. L. & Bus. Rev. 188 (2007).

"Judicial Scrutiny of Fiduciary Duties in Delaware Limited Partnerships and Limited Liability Companies," 32 Del. J. Corp. L. 1 (2007).

"On Corporate Law Federalism: Threatening the Thaumatrope" (with Sean J. Griffith), 61 Bus. Law. 1 (2005).

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