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Recent Trends in Officer Liability - The Harvard Law ...
- https://corpgov.law.harvard.edu/2021/02/21/recent-trends-in-officer-liability/
- Feb 21, 2021 · On the other hand, officers of Delaware companies should be aware of the potential for claims against them for breach of the fiduciary duty of care, even where director liability is exculpated. Like directors, corporate officers owe fiduciary duties to the corporation and its stockholders, but unlike directors, they do not have the benefit of Section 102(b)(7) exculpation for breaches of the duty of care.
Recent Trends in Officer Liability Insights Skadden ...
- https://www.skadden.com/insights/publications/2020/12/insights-the-delaware-edition/recent-trends-in-officer-liability
- Dec 18, 2020 · On the other hand, officers of Delaware companies should be aware of the potential for claims against them for breach of the fiduciary duty of care, even where director liability is exculpated. Like directors, corporate officers owe fiduciary duties to the corporation and its stockholders, but unlike directors, they do not have the benefit of Section 102(b)(7) exculpation for breaches of the duty of care.
Directors and Officers Beware: Could You Be Personally Liable?
- https://www.reinhartlaw.com/knowledge/directors-and-officers-beware-could-you-be-personally-liable/
- Mar 15, 2016 · The following precautions will help directors and officers avoid being held personally liable for breach of fiduciary duty: Understand the organization’s corporate structure and its purpose, mission and activities; Attend board and committee meetings …Estimated Reading Time: 12 mins
FIDUCIARY DUTIES, EXCULPATION, AND INDEMNIFICATION …
- https://www.baylor.edu/law/facultystaff/doc.php/117971.pdf
- Until the 1990s, Texas cases dealing with director liability for breach of the duty of care, as distinct from the duty of loyalty, had been few and far between. The Fifth Circuit analyzed a director’s duty of care under Texas law in Gearhart Industries, Inc. v. Smith International, Inc., 741 F.2d 707 (5th Cir. 1984) as follows: Under the law of most jurisdictions, the duty of care requires a director to be
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