December 4, 2015 — Pepperdine Law Professor Kristine Knaplund commented in an article about the health directive signed by 92-year old Summer Redstone, Chairman of Viacom and CBS, giving control of his health care decisions to Philippe Dauman, Chief Executive Officer of Viacom. Professor Knaplund is an Academic Fellow at the American College of Trust & Estate Counsel and Editor of the ACTEC Law Journal.
“To have the CEO as the health fiduciary of his or her boss is quite extraordinary,” said Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. “I’ve never heard anything like it.”
Normally, the role falls to a next of kin, said Kristine Knaplund, a professor at Pepperdine University School of Law….
Read the full article at Bloomberg.com