Question
Directors and officers who act in breach of their fiduciary duties owed to the corporation and its shareholders can be personally liable for their actions.
Directors and officers who act in breach of their fiduciary duties owed to the corporation and its shareholders can be personally liable for their actions.
Are there any circumstances under which an officer or director could be found to be in breach of a fiduciary duty owed to the corporation and its shareholders and still be protected by the Business Judgment Rule from personal liability? Why or why not?
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The Business Judgment Rule generally provides protection to directors and officers from personal liability for their decisions and actions taken in go...
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
