Duty of Loyalty
Learn about the fiduciary duty of loyalty, rules regarding self-interested transactions, and related concepts such as executive compensation, usurping corporate opportunities, and competing with the company.
Welcome to the clip on the duty of loyalty!
In this clip, we’ll begin by defining the duty of loyalty. Next, we’ll discuss the rules that govern interested or self-dealing transactions. We’ll then turn to the related issues surrounding executive compensation. Next, we’ll consider the rules regarding usurping corporate opportunities. Finally, we’ll explore competing with the corporation. Let’s get started!
I. Duty of loyalty defined
Let’s begin by defining the duty of loyalty. The duty of...