Directors' Duties

Directors' Duties
In the context of corporate governance, Directors' Duties refers to stated responsibilities of the company's Board of Directors. These provisions allow directors to consider constituencies other than shareholders when considering a merger. These constituencies may include, for example, employees, host communities, or suppliers. This provision provides boards of directors with legal basis for rejecting a takeover that would have been beneficial to shareholders. A majority of states have Directors Duties Laws. Bloomberg Financial Dictionary

Financial and business terms. 2012.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Directors' duties — are a series of statutory, common law and equitable obligations owed primarily by members of the board of directors to the corporation that employs them. It is a central part of corporate law and corporate governance. Directors duties are… …   Wikipedia

  • Directors' duties in the United Kingdom — bind anybody who is formally appointed to the board of directors of a UK company. Contents 1 Scope 2 Duty to act for proper purposes 3 Duty of care 4 …   Wikipedia

  • Directors and officers liability insurance — (often called D O) is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, to cover damages or defense costs in the event they suffer such losses as a result of a lawsuit for alleged wrongful… …   Wikipedia

  • Directors Guild of America — DGA Full name Directors Guild of America Founded 1936 (1936) Members 14,500 (2011) Country United States …   Wikipedia

  • directors — Agents and executive representatives of a corporation, who, acting as a board or unit, manage the business of the corporation, constituting, as it has been said, the mind and soul of the corporation, acting according to their best judgment, and… …   Ballentine's law dictionary

  • Board of directors — For other uses of trustee , trusty , and related terms, see Trustee (disambiguation). Board Room redirects here. For the Board Room member lounge, see Alaska Airlines. trustee in trust redirects here. A board of directors is a body of elected or… …   Wikipedia

  • National Association of Corporate Directors — The National Association of Corporate Directors (NACD) is an independent, not for profit membership organization, dedicated to serving the corporate governance needs of directors of public, private, and non profit organizations. Founded in 1977,… …   Wikipedia

  • board of directors — A group of *directors with ultimate responsibility for the *stewardship of an organization. Boards of directors have been described as inescapably, the centre of the (corporate) governance system (Cadbury, 2002, 33). Boards exercise their… …   Auditor's dictionary

  • fiduciary duties — Directors owe duties to their company based on trustee principles. They must act honestly to protect its assets and not enrich themselves unduly at its expense. If they fail, the company may have a claim against them. Easyform Glossary of Law… …   Law dictionary

  • Company Directors Disqualification Act 1986 — Parliament of the United Kingdom Long title ... Statute book chapter 1986 c 46 …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”