Chapter 21 - CHAPTER 21 CORPORATE GOVERNANCE AND FIDUCIARY DUTIES

• Jurisdiction: Colorado

CHAPTER 21 CORPORATE GOVERNANCE AND FIDUCIARY DUTIES

Michael A. Maciszewski, Esq.^*
Jordan B. Abramson, Esq.

SYNOPSIS

§ 21.1 INTRODUCTION

§ 21.2 CORPORATE DIRECTORS

§ 21.2.1—Role and Responsibilities
§ 21.2.2—Liability for Directors and Limitations on Liability
§ 21.2.3—Indemnification

§ 21.3 FIDUCIARY DUTIES

§ 21.3.1—General Fiduciary Duties
§ 21.3.2—Duty of Care
§ 21.3.3—Duty of Loyalty
§ 21.3.4—Duties Involving Sale of Control

§ 21.4 BREACHES OF FIDUCIARY DUTIES

§ 21.4.1—Common Breaches by Directors
§ 21.4.2—Defenses
§ 21.4.3—Damages and Remedies

§ 21.5 CORPORATE GOVERNANCE

§ 21.5.1—Conflicts of Interest
§ 21.5.2—Special Committees
§ 21.5.3—Standards of Judicial Review

§ 21.6 CONCLUSION

--------

Notes:

^[*] The authors are extremely grateful to the invaluable assistance provided by Zachary...