Asked by
Marucs Zhang
on Nov 28, 2024
Verified
Directors are not answerable to the corporation for breaching their duty of care.
Duty Of Care
A legal obligation imposed on individuals or organizations to adhere to a standard of reasonable care while performing any acts that could foreseeably harm others.
Breaching
The behavior of violating or not adhering to a law, contract, or set of rules.
- Familiarize with the legal and ethical mandates for corporate officers and directors, with an emphasis on fiduciary duties and the risk of liability.
Verified Answer
MM
Learning Objectives
- Familiarize with the legal and ethical mandates for corporate officers and directors, with an emphasis on fiduciary duties and the risk of liability.
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