Corporate Governance: Director and Officer Personal Liability

By Tod C. Gurney | Published July 19, 2017 | Posted in Business | Tagged Tags: Business Judgment Rule, corporate governance, duty of loyalty, personal liability | Comments Off on Corporate Governance: Director and Officer Personal Liability

A career as an officer, director, or shareholder of a corporation brings great opportunity to be a lauded visionary, strategic thinker, and the leader of a profitable venture, with accompanying compensation. That being said, this position comes with great responsibility and the risk of personal liability is real even when proper liability insurance is in Read More

The Business Judgment Rule and Liability

By Melinda Garcia | Published June 1, 2016 | Posted in Bad Faith, Breach of Loyalty, Business, Uncategorized | Tagged Tags: Business, Business Judgment Rule, Managing Risks | Leave a comment

The business judgment rule is an important aspect of business, and an essential instrument in a high-level executive’s toolbox. Corporate directors are required to make important business decisions on a daily basis, and need some kind of assurance that if a decision results in a loss of company value, they will not be held personally Read More

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