In an era where sustainability is a driving force in business, companies considering sustainability are at the forefront of change. These companies are committed to innovative and environmentally conscious practices, but they also face unique legal challenges that...
Corporation & Company Law
Safeguarding Your Mission: Legal Strategies for Risk Mitigation and Future-Proofing
Protecting your organization's mission is crucial. This post will dive into risk mitigation strategies tailored for sustainability-focused entities. We'll discuss how to identify and address legal risks, protect intellectual property, and navigate potential disputes....
Business Judgment Rule: Bad Decisions by Directors or Officers are not necessarily a Breach of Duty.
The business judgment rule accepted by most US jurisdictions is intended to protect officers and directors from liability where they have made decisions in good faith and using appropriate procedures, even if those decisions turn out to be poor or have negative...
Business Judgment Rule: Directors and Officers May be Held to a Fiduciary Duty of Care.
Directors and officers owe a fiduciary duty to the corporation and, by extension, its shareholders. The duty of care requires directors and officers to act in as competent a manner as would reasonably prudent people in their positions. Officers and directors must make...
Are Directors and Officers Protected from Liability When Acting for a Company?
The law surrounding the insulation of directors and officers from liability is voluminous and fraught with important exceptions. In the United States, each State has its own corporate and company law statutes and varying levels of protecting directors and officers...