Governor Jack Markell of Delaware announced on June 8 that he will nominate the Honorable Leo Strine to serve as Chancellor of the Court of Chancery. Strine, an expert on corporation law, has served as a Vice Chancellor since 1998. Strine would fill the vacancy caused by the retirement of Chancellor William Chandler, whose last day will be June 17.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...