Duty of care (business associations)
id:
duty-of-care-business-associations-319-17060253
title:
Duty of care (business associations)
text:
In United States corporation and business association law, a duty of care is part of the fiduciary duty owed to a corporation by its directors. The other aspects of fiduciary duty are a director's duty of loyalty and (possibly) duty of good faith. Put simply, a director owes a duty to exercise good business judgment and to use ordinary care and prudence in the operation of the business. They must discharge their actions in good faith and in the best interest of the corporation, exercising the ca
brand slug:
wiki
category slug:
encyclopedia
description:
In the US, part of the fiduciary duty owed to a corporation by its directors
original url:
https://en.wikipedia.org/wiki/Duty_of_care_(business_associations)
date created:
date modified:
2024-04-05T20:53:03Z
main entity:
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image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/5/5b/Society.svg","width":96,"height":38}
fields total:
13
integrity:
15