CORPORATE GOVERNANCE AND FIDUCIARY DUTY

1 Explain the two core fiduciary duties that a director owes to a corporation.

2 Explain at least three different ways that officer or director can become individually liable for a corporate act.

3 What can a corporation do to manage its regulatory risk and protect its directors from claims of breach of fiduciary duty or individual liability for corporate acts? Please describe the elements of this process.

4 What are the three most important things you learned in this course and why?Please elaborate and explain how the lessons are individually important to you.