Social Sciences
4 years ago

Judges increasingly holding directors accountable for business judgments in court.

SSRN Electronic Journal
Business Judgment and Director Accountability: A Study of Case-Law Over Time
Andrew Keay, Joan Loughrey, Terry McNulty, Francis A Okanigbuan J, Abigail J. Stewart

Paper Summary

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Judges do review and hold directors accountable for their business decisions, especially in insolvent companies. Legal liability for directors' judgments has increased since 2007, but remains low overall.