Directors' Duties

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.
References in periodicals archive ?
They cover the business context, illegal mergers and acquisitions, deal structure and its impact, directors' duties and liabilities to shareholders in mergers and acquisitions, and controlling shareholder transactions.
Sepe, University of Arizona, "Directors' Duties Laws and Long-Term Firm Value"
The introduction of directors' duties heightens their level of responsibility and accountability which, in turn, gives extra comfort to investors.
In that regime many of the statutory directors' duties are within the scope of s 79 of the Corporations Act 2001 (Cth) and, as such, are subject to the accessorial liability provisions contained in that Act.
The development of directors' duties over the last century is
As a result of these contraventions, ASIC is concerned that Mr Panrucker did not act with due care and diligence in the performance of his directors' duties and used his position to obtain benefits for himself or companies of which he was a director.
Led by the Business, Innovation and Skills (BIS) Committee, the probe will also focus on directors' duties and the composition of boardrooms, including worker representation and gender balance in executive positions.
Led by the Business, Innovation and Skills Committee, the probe will also focus on directors' duties and the composition of boardrooms, including worker representation and gender balance in executive positions.
Led by the Business, Innovation and Skills (BIS) Committee, the probe will also focus on directors' duties and the make-up of boardrooms, including worker representation and gender balance in executive positions.
Directors' Duties and Shareholder Litigation in the Wake of the Financial Crisis
It covers the provisions of the Companies Act 2006 that govern directors' duties and shareholders' remedies, examining the impact that these provisions have had, or may have in the future.
Upon close inspection, the Courts approach indicates a view of corporate law that does not accord with team production theory (4) (a version of stakeholder theory), while supporting, in some respects, the shareholder primacy approach to directors' duties. Generally, stakeholder theory views directors as owing a duty to balance the competing interests of various stakeholders with no particular group holding priority over another.
Full browser ?