How Directors’ Oversight Duties and Liability under Caremark Are Evolving
Reynolds Holding
OCTOBER 12, 2022
Corporate law prohibits companies from pursuing profits through criminal misconduct. It uses the fiduciary duties imposed on boards under the Caremark doctrine, [1] and the threat of personal liability of directors for deliberate breach, to help motivate directors to make sure their companies comply with the law. Barnhill. [7]
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