Corporate director and officer liability : "discretionaries" not fiduciaries /
"The principal theme of this book is that corporate directors and officers are not, in actuality, fiduciaries and that the use of this term should be abandoned. As the book highlights, the liability standards that often apply to directors and officers are so lenient that they are devoid of fidu...
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| Format: | eBook |
| Language: | English |
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New York, NY :
Oxford University Press,
[2025]
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | "The principal theme of this book is that corporate directors and officers are not, in actuality, fiduciaries and that the use of this term should be abandoned. As the book highlights, the liability standards that often apply to directors and officers are so lenient that they are devoid of fiduciary status. Accordingly, to continue to identify these individuals as fiduciaries perpetuates a fiction that should be remedied. Rather, a new substantive term should be recognized that accurately and objectively portrays this situation: The corporate director or officer is a "discretionary." The degree of discretion allowed before liability arises may be strict or expansive depending on the surrounding facts and circumstances. This distinction is important as legal terms and concepts have impact. They are relied upon for what they claim to represent. Directors and officers accordingly should be accurately characterized as "discretionaries.""-- |
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| Physical Description: | 1 online resource (unpaged) |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9780197751534 0197751539 0197751520 9780197751510 0197751512 9780197751527 |