A Contractual Approach to the Regulation of Corporate Director's Fiduciary Duties
CEMFI Working Paper No. 0013
32 Pages Posted: 25 Jan 2001
Date Written: October 2000
Abstract
Traditional American corporation statutes state that the business and affairs of the corporation shall be managed by a board of directors who act as fiduciaries of the corporation. The purpose of this paper is to explain the economic logic underlying the regulation of corporate directors' fiduciary duties, placing special emphasis on the consequences of the adoption of protective measures for the directors such as indemnification and liability insurance.
Keywords: corporate governance; corporate directors; fiduciary duties
JEL Classification: G38; K22
Suggested Citation: Suggested Citation
Gutiérrez Urtiaga, María, A Contractual Approach to the Regulation of Corporate Director's Fiduciary Duties (October 2000). CEMFI Working Paper No. 0013, Available at SSRN: https://ssrn.com/abstract=257593 or http://dx.doi.org/10.2139/ssrn.257593
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