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Course Description

Duty of care refers to the legal responsibility of a corporate director to avoid any behaviors or omissions that could reasonably be foreseen to cause harm to others. It requires directors to make careful, informed decisions by assuming an active role in seeking, analyzing, and questioning relevant information. How can we decipher between harm that is caused due to a breach of this duty and harm that is unintentionally caused? In this lesson, you will explore and define fiduciary duties and begin answering this question by taking a look at the duty of care, the business judgment rule, and the duty to monitor. Through the use of examples such as the Sears-Kmart merger and the Wells Fargo scandal, you will explore the ways in which the duty of care operates within the corporate structure and why it matters.

Benefits to the Learner

  • Define fiduciary duties
  • Explore how the duty of care operates within the corporate structure
  • Decipher the differences between unintentional harm and harm caused by a breach of the duty of care
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Type
self-paced (non-instructor led)
Dates
Jun 11, 2022 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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