August 11, 2004

The Perils Of Being A Director

The September/October issue of Corporate Board Member has a column on the increased litigation risk faced by corporate directors.

Quote of note: "The legal buzzwords for directors to remember here are 'business judgment' and 'good faith.' Courts traditionally won’t allow the former to be questioned so long as they are assured that board members acted in the latter."

Posted by Lyle Roberts at August 11, 2004 4:53 PM | TrackBack
Email this entry to:

Your email address:

Message (optional):