Directors' Duties
/ˈdɪrɛktərz ˈdjuːtiz/
Definitions
- (n.) The legal and fiduciary obligations imposed on company directors to act in the best interest of the company and its shareholders.
Directors' duties require acting with due care, loyalty, and in good faith.
Forms
- directors' duties
Related terms
See also
Commentary
Directors' duties are central to corporate governance and vary slightly by jurisdiction, emphasizing duties of care, loyalty, and good faith.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.