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Directors' Duties Flashcards Quizlet
- https://quizlet.com/22405948/directors-duties-flash-cards/
- Directors are under a fiduciary duty to disclose a breach of duty, and this duty is a facet of the core duty of loyalty. A director has a duty to disclose their own misconduct to the company, and failure to do so is itself a breach of his fiduciary duties.
Chapter 6: Corporate Directors, Officers, and ... - Quizlet
- https://quizlet.com/272107456/chapter-6-corporate-directors-officers-and-shareholders-flash-cards/
- duties of officers and directors. directors and officers are fiduciaries of corporation. Duties include: 1. duty of care: honestly, carefully, best interest of corporation. 2. duty of loyalty: corporation before personal welfare. 3. conflicts of interest. liabilities of officers and directors. 1. negligence.
Corporate Directors, Officers, and Shareholders - Quizlet
- https://quizlet.com/133984986/corporate-directors-officers-and-shareholders-flash-cards/
- Directors and officers have a duty to exercise reasonable care in conducting corporate affairs. Failure to exercise requisite care may result in personal liability for any resulting harm the corporation suffers. Directors are Expected to. 1. Make informed/reasonable decisions. 2.
Ch 30: Corporate Directors, Officers, and ... - Quizlet
- https://quizlet.com/16484111/ch-30-corporate-directors-officers-and-shareholders-flash-cards/
- corporate officers and execs. normally hired by board of directors and the rights are in employment contracts. duties of corporate officers are the same as those of directors. duty of care. obligated to act in good faith, use good business judgment and act in corp's best interests. duty of loyalty.
Ch. 40: Corporate Directors and Officers Flashcards Quizlet
- https://quizlet.com/270197970/ch-40-corporate-directors-and-officers-flash-cards/
- Duty of Care (who and how) Directors and officers are expected to. (1) act in good faith in performing their duties, (2) exercise the care that an ordinarily prudent person would exercise in similar circumstances, and. (3) act in the best interest of the corporation. Important corporate matters.
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