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Posts Tagged ‘duty of loyalty’

Care, Loyalty and Lawsuits: Fiduciary Duties of Directors

Let’s start with a hypothetical scenario: A friend of yours, the co-owner of a small L.A. based enterprise that produces custom made furniture, asks you to join his company’s Board of Directors. You feel honored by the trust placed in you, don’t see any potential conflict of interest, reflect on what the time commitment might be — a few board meetings a year doesn’t sound too bad — and are […]

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