36 Pages Posted: 13 Jun 2001
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.
Suggested Citation: Suggested Citation
Black, Bernard S., The Core Fiduciary Duties of Outside Directors. As published in Asia Business Law Review, pp. 3-16, July 2001. Available at SSRN: https://ssrn.com/abstract=270749 or http://dx.doi.org/10.2139/ssrn.270749