Ethics/Professional Responsibility
May 7, 2004
Boards Must Reduce Their Exposure to Creditor Suits
Focus Column - Corporate Law - By David A. Kays and George W. Kuney - While most corporate directors and officers recognize they owe fiduciary duties of care and loyalty to the corporation and its shareholders, surprisingly few are aware that, when their company becomes insolvent or enters the "zone of insolvency," their duties expand to include the corporation's creditors.
Corporate Law
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