Abstract

http://ssrn.com/abstract=921061
 


 



The Sarbanes-Oxley Act as Confirmation of Recent Trends in Director and Officer Fiduciary Obligations


Lisa M. Fairfax


George Washington University - Law School


St. John's Law Review, Vol. 76, p. 953, 2002
U of Maryland Legal Studies Research Paper No. 921061

Abstract:     
This Article argues that, instead of dramatically altering the responsibilities of corporate officers and directors, Sarbanes-Oxley confirms at least some case law and other recent articulations of management's fiduciary duty. At a minimum, recent allegations regarding corporate misconduct may suggest some degree of confusion on the pat of corporate officers and directors about the manner in which they should comply with their fiduciary duty. By requiring more exacting standards of conduct from these corporate agents, Sarbanes-Oxley may not only clear up that confusion, but also may represent a natural extension of recent pronouncements by Delaware courts, the SEC and other bodies regarding the need for more enhanced standards of conduct.

Number of Pages in PDF File: 26

Keywords: Sarbanes-Oxley Act, fiduciary duty, corporate responsibility

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Date posted: July 31, 2006  

Suggested Citation

Fairfax, Lisa M., The Sarbanes-Oxley Act as Confirmation of Recent Trends in Director and Officer Fiduciary Obligations. St. John's Law Review, Vol. 76, p. 953, 2002; U of Maryland Legal Studies Research Paper No. 921061. Available at SSRN: http://ssrn.com/abstract=921061

Contact Information

Lisa M. Fairfax (Contact Author)
George Washington University - Law School ( email )
2000 H Street, N.W.
Washington, DC 20052
United States
202-994-4630 (Phone)
HOME PAGE: http://www.law.gwu.edu/Faculty/profile.aspx?id=16144
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