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Focus (Forum & Focus)

Feb. 5, 2009

Access Denied

Corporate directors normally have unfettered access to company information — except when they are also litigants against the corporation, writes Thomas C. Klein. - Focus Column

FOCUS COLUMN

By Thomas C. Klein

Corporate directors' access to information is fundamental to carrying out their responsibilities. In managing the corporation, corporate directors owe fiduciary duties - duties of care and loyalty - to the corporation and its shareholders, and they must serve in good faith, and in a manner believed to be in the best interest of the corporation and its shareholders. All 50 states impose these requirements in one form...

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