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File name: SSRN-id270749. ; Size: 343K
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The Core Fiduciary Duties of Outside Directors
Bernard S. Black
Northwestern University - School of Law; Northwestern University - Kellogg School of Management; European Corporate Governance Institute (ECGI)
As published in Asia Business Law Review, pp. 3-16, July 2001
Abstract:
This article offers my personal, idiosyncratic overview of the principal fiduciary duties of outside directors, from a common law perspective, and what the remedies should be for breach of each of these duties. I discuss the four core fiduciary duties of directors: the duty of loyalty; the duty of care; the duty of disclosure; and the duty of special care when your company is a takeover target.
Number of Pages in PDF File: 36
Accepted Paper Series
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Date posted: June 13, 2001
Suggested CitationBlack, Bernard S., The Core Fiduciary Duties of Outside Directors. As published in Asia Business Law Review, pp. 3-16, July 2001. Available at SSRN: http://ssrn.com/abstract=270749 or http://dx.doi.org/10.2139/ssrn.270749
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