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Because of officers' positions within the corporation, they can be held liable for negligence if their failure to exercise due care results in harm to the firm.
Officers
Executive members of an organization responsible for managing its day-to-day operations and making significant business decisions.
Due Care
The level of judgment, caution, and attentiveness expected of a reasonable person.
Negligence
Failure to take reasonable care to avoid causing injury or loss to another person, resulting in legal liability for the resulting harm.
- Learn the legal and fiduciary accountabilities of corporate directors and officers.
- Identify the legal protections and obligations associated with being a director or officer, including liability and indemnification rights.
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Learning Objectives
- Learn the legal and fiduciary accountabilities of corporate directors and officers.
- Identify the legal protections and obligations associated with being a director or officer, including liability and indemnification rights.
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