Directors’ and Officers’ Liability identifies the duties and responsibilities of directors and officers at for-profit and non-profit organizations, and provides information on how they can avoid liability and minimize personal risk. This valuable resource covers the expanding parameters of officers and directors liability to minimize personal liability under statutory and regulatory schemes, as well as reinterpretations of traditional corporate governance requirements.
Directors’ and Officers’ Liability is used by a broad cross-section of the business community, including directors, officers, trustees, corporate counsel, attorneys, accountants, and risk managers.
Benefits
- Written in plain language
- Provides a comprehensive, authoritative analysis of pertinent federal and leading-state laws and precedents
- Highlights emerging issues
- Covers provisions of the Model Business Corporation Act
- Identifies provisions in states that use significantly different approaches
- Assists directors in avoiding criminal and civil sanctions in areas such as environmental law, worker safety, and civil rights facilitated by use of the Do’s and Don’ts checklists
Topic Areas
- Corporate structure
- Duties
- Financial responsibility
- Insurance
- Liability
- Limited liability corporations
- Limited liability limited partnerships
- Limited liability partnerships
- Limited partnership associations
- Limited partnerships
| - Minimizing the risks
- Non-profit corporations
- Nontraditional considerations (sentencing, RICO, Responsible Corporate Officer Doctrine)
- Responsibilities to employees (wages, pension and benefits, immigration controls, worker protection)
- Responsibilities to the environment
- Responsibilities to the marketplace
- Risk management
- Securities laws
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Features
| Extensive Footnotes | Incorporates footnote citations to laws, regulations, and court cases |
| Author Notes | Provide practical tips in the form of notes which that help to clearly distinguish the company's responsibilities from those of individual directors and officers |
| Appendices | Includes Executive Protection sample insurance policies and indemnity agreements |