Duty of Care
Learn about the duty of care incumbent on corporate directors and officers, the protections for directors and officers who act in good-faith reliance on information from trusted sources, and the remedies available for breach of this duty.
Welcome to our tutorial on insider duties.
In this clip, we’ll be looking at the duty of care owed by corporate directors and officers. Our first step will be to define and outline the standard of care. Next, we’ll talk about the protection afforded to directors and officers who, in good faith, rely on information from certain trusted sources. Then we’ll consider the requirements for liability. We’ll turn to the damages available for breach of this duty. Lastly, we’ll look at exculpation...