This paper addresses the question of the standard of care required from the directors of corporations. At the time of publication, there were different commonlaw rules about Corporate Directors’ Liability in different jurisdictions: that in Alberta being that “a director is not expected to exhibit ‘a greater degree of skill than may [reasonably] be expected from a person of his [sic] knowledge and experience'”; that in Delaware being much higher, that in Indiana being lower; etc. The paper discusses the potential benefits and disadvantages of increasing or decreasing the standard of care placed upon Corporate Directors, and concludes that (at the time of publication) it would be premature to alter this standard of care without further in-depth research.
Research Paper
Back to Publication SearchCorporate Directors’ Liability, Research Paper 17
Resource Details
Publication No: | 17 |
FORMAT: | Publications |
TAGS: | business judgement, breach, corporation, director, duty of care, fiduciary, liability |
FILE: | RPNo.17.pdf |