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DIRECTOR FIDUCIARY DUTIES: Navigating financial distress during covid-19.
- Source :
- Bench & Bar of Minnesota; May/Jun2020, Vol. 77 Issue 5, p30-32, 3p
- Publication Year :
- 2020
-
Abstract
- The article reports that directors of companies must be acutely aware of and adhere to their fiduciary duties or risk exposure to personal liability during covid-19. It mentions fiduciary duties to the company and its stakeholders such as duty of care and duty of loyalty to act in good faith. It also mentions stockholders remains true even when a company approaches the zone of insolvency and directors are protected by the business judgment rule.
Details
- Language :
- English
- ISSN :
- 02761505
- Volume :
- 77
- Issue :
- 5
- Database :
- Complementary Index
- Journal :
- Bench & Bar of Minnesota
- Publication Type :
- Academic Journal
- Accession number :
- 143567446