Common Law Duties of Non-Director Corporate Officers

Common Law Duties of Non-Director Corporate Officers

This article focuses upon non-director officers and their duties and liabilities to the corporation. It addresses the question of when officers have a duty to inform the board of matters calling for board oversight attention, and includes an analysis of whether and when the business judgment rule ap...

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Veröffentlicht in:The Business lawyer 1992-11, Vol.48 (1), p.215-237
Hauptverfasser: Sparks, A. Gilchrist, Hamermesh, Lawrence A.
Format: Artikel
Sprache:eng
Schlagworte:
Boards of directors
Business management
Corporate liability
Corporate officers
Corporate regulation
Corporations
Defendants
Due diligence
Duty of care
Fiduciary responsibility
Laws, regulations and rules
Legal duty
Litigation
Loyalty
Manycompanies
Powers and duties
Responsibilities
Shareholders
State court decisions
State laws
Stockholders
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Beschreibung
Zusammenfassung:This article focuses upon non-director officers and their duties and liabilities to the corporation. It addresses the question of when officers have a duty to inform the board of matters calling for board oversight attention, and includes an analysis of whether and when the business judgment rule applies to nondirector officers.
ISSN:0007-6899
2164-1838