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Directors' Duties |
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Directors' Duties In the context of corporate governance, Directors' Duties refers to stated responsibilities of the company's Board of Directors. These provisions allow directors to consider constituencies other than shareholders when considering a merger. These constituencies may include, for example, employees, host communities, or suppliers. This provision provides boards of directors with legal basis for rejecting a takeover that would have been beneficial to shareholders. A majority of states have Directors Duties Laws. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Systems to ensure effective and efficient execution of directors' duties The increasing significance of intangible assets--combined with the implications of globalization, government requirements for disclosure and the way that the Internet is empowering and enabling the public to track and influence companies' approaches to 'good governance'--is having enormous effects on directors' duties and accountability. Reforms of corporate governance standards and directors' duties and responsibilities create business opportunities for D&O carriers, who see the market hardening. |
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