In the latest of our conversations with leading thinkers in compliance and governance, we talk to William Chandler, recently retired chancellor of the Delaware Court of Chancery. Widely respected as one of the nation's most influential judicial voices on corporate law and governance, Chandler stepped down from the bench in June to join the law firm of Wilson Sonsini.

During his time on the bench, Chandler issued more than a 1,000 opinions and has presided over some of the most contentious and high-profile corporate law disputes in the country, including the Walt Disney case over Michael Ovitz's $140 million severance ...