The business judgment rule shields corporate directors from personal liability. However, directors must not breach the fiduciary duties owed to the corporation. Under Florida law, corporate directors owe fiduciary duties to the corporation and its shareholders, which requires good faith, due care, and loyalty. The directors’ fiduciary duties are codified in Florida Statutes, section 607.0830(1): Read the article…………………
Related Post
August 8, 2017
July 31, 2022
March 27, 2023
Comments are closed.