Chapter 21 - § 21.1 • INTRODUCTION

• Jurisdiction: Colorado

§ 21.1 • INTRODUCTION

This chapter discusses the ways in which the Colorado Business Corporation Act (the CBCA) and applicable case law provide guidance to directors of a Colorado corporation regarding (1) the role and responsibilities directors play within an organization, (2) potential liability directors face for their conduct, (3) how to limit exposure to liability, (4) fiduciary duties owed, (5) common breaches involving fiduciary duties, and (6) damages and remedies. In doing so, this chapter examines what constitutes a conflict of interest, the purpose of special...