43.2 Directors’ fiduciary duties. In the United States, the fiduciary duties and responsibilities of members of boards of directors arise primarily out of state corporate law,.. In this course, you will look at the framework for decision making within a corporation — specifically fiduciary duties, which are the duties that corporate directors and officers owe to the shareholders. You’ll also become more familiar with current challenges to the traditional notion that the directors and officers are the agents of the.
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2012] A BRIEF INTRODUCTION TO THE FIDUCIARY DUTIES OF DIRECTORS 841 threat posed.7 Section III will also discuss the applicable standard of review and will provide examples of common defensive measures at both the transactional and enterprise level. II. GENERAL FIDUCIARY DUTIES OF DIRECTORS Except as otherwise provided under the General Corporation Law of. A breach of fiduciary duty may result in personal legal liability for the controlling shareholder as well as directors and officers. The adjective fiduciary means held or given in trust.
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