About this document
Understanding Agency and Fiduciary Duties by Cynthia Alday is a document available to read on EtoBox.
Directors and officers owe fiduciary duties of care and loyalty to the corporation and its shareholders. The duty of loyalty requires directors and officers to put the interests of the corporation ahead of their own personal interests and mandates that they avoid conflicts of interest. The duty of care requires directors and officers to perform their duties with the level of care that an ordinarily prudent person would exercise in a similar position. However, courts apply the business judgment rule which pr
- Author
- Cynthia Alday
- Language
- EN