Transcription of A Brief Introduction to the Fiduciary Duties of …
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A Brief Introduction to the Fiduciary Duties of …
837 Articles A Brief Introduction to the Fiduciary Duties of Directors Under Delaware Law William M. Lafferty1, Lisa A. Schmidt2, and Donald J. Wolfe, Table of Contents I. Introduction .. 838 II. GENERAL Fiduciary Duties OF DIRECTORS .. 841 A. Duty of Care .. 842 B. Duty of Loyalty .. 844 C. Additional Duties of Directors Derived from the Duties of Care and Loyalty .. 847 1. Duty of Good Faith .. 847 2. Duty of Confidentiality .. 847 3. Duty of Disclosure .. 848 III. DIRECTORS Duties IN CONSIDERING AN M&A TRANSACTION .. 849 A. Consideration of an Unsolicited Acquisition Proposal .. 849 1. Partner, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, Delaware. The Dickinson School of Law of the Pennsylvania State University 1989; , University of Delaware 1985. 2. Director, Richards, Layton & Finger, Wilmington, Delaware.
837 Articles A Brief Introduction to the Fiduciary Duties of Directors Under Delaware Law William M. Lafferty 1, Lisa A. Schmidt 2, and …
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