One thing that hasn’t changed since the COVID-19 crisis hit? Directors and officers of corporations still have the same fiduciary duties that they had before the pandemic. What COVID‑19 has changed is what constitutes due care, and the impact of this is likely to be broadened by an enlargement of the parties who should be considered as fiduciary duties are discharged.
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Corporate directors and officers and fiduciary duties in the COVID 19 world: Same duties, but much more to do
By McDonald Hopkins LLC on May 6th, 2020
Posted in Insolvency/Restructuring
