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Additional Duties and Obligations

Additional Duties and Obligations

Explore the miscellaneous rules and duties owed by corporate insiders, including the duties of disclosure and obedience, and special obligations to creditors.

Transcript

Welcome to the clip on additional duties and obligations of corporate insiders.

In this clip, we’ll begin by discussing the duty of disclosure or the duty of candor. Next, we’ll take a look at the duty of obedience. Then we’ll consider the fiduciary duties owed to creditors and when those duties arise. Let’s get started!

Let’s begin by making clear that the most important duties owed by corporate insiders are the duties of care and loyalty, including all of the obligations that each duty...

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