A Contractual Approach to the Regulation of Corporate Director's Fiduciary Duties

CEMFI Working Paper No. 0013

32 Pages Posted: 25 Jan 2001

See all articles by María Gutiérrez Urtiaga

María Gutiérrez Urtiaga

Universidad Carlos III de Madrid-Departamento de Economía de la Empresa; European Corporate Governance Institute (ECGI)

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

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

María Gutiérrez Urtiaga (Contact Author)

Universidad Carlos III de Madrid-Departamento de Economía de la Empresa ( email )

Calle Madrid 126
Getafe, 28903
Spain
+34-91 624 58 40 (Phone)
+34-91 624 96 07 (Fax)

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

HOME PAGE: http://www.ecgi.org

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
552
Abstract Views
2,401
Rank
92,000
PlumX Metrics