By Barry M. Kaplan,Gregory L. Watts
The ebook is written and arranged in order that administrators and officials can larger comprehend their tasks. Chapters clarify the historical past of a duty, the style within which a director or officer can fulfill it, and present tendencies with recognize to it, with regards to marketplace or “good practices” expectancies. Chapters then talk about the implications of a director’s or officer’s failing to conform with the duty or with now not assembly industry expectancies. also, chapters contain the main defenses to be had to the director and officer.
Directors’ and officials’ legal responsibility provides the information had to reduce the felony publicity of company heads and support them meet the pro functionality expectancies of tough shareholders.
Directors’ and officials’ legal responsibility permits company executives to:
Satisfy tasks of care, loyalty, sturdy religion, and disclosure (and keep away from fees of negligence and clash of curiosity, between others)
Meet certification, due diligence and director independence requirements
Follow top specialist practices recommended by way of best U.S. enterprise groups
Successfully use numerous felony defenses after they are charged with violations
Take benefit of “safe harbor” statutes that reduce their criminal publicity, and
Protect themselves via contractual indemnification and D&O insurance.
Directors’ and officials’ legal responsibility is an important source for each director and officer, and each legal professional who advises them, in addition to company managers, company institutions, and federal and nation regulators.
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