Matches in SemOpenAlex for { <https://semopenalex.org/work/W3123092207> ?p ?o ?g. }
Showing items 1 to 69 of
69
with 100 items per page.
- W3123092207 abstract "The demise of monetary damages as a remedy for breach of the corporate director duty of due care means that only a breach of the duty of loyalty or good faith affords the possibility of holding corporate directors personally liable for wrongdoing. The author argues that the fiduciary duty of loyalty contains both a widely-appreciated, but rather minimal, non-betrayal aspect and a less-appreciated, but more affirmative, devotion dimension. The affirmative thrust of loyalty, grounded in widely-shared cultural norms and finding expression in myriad literary and religious stories, offers a doctrinal avenue for addressing a potentially broader range of director misconduct than is commonly thought. In a post-Enron world of corporate governance scandal and calls for reform, fiduciary duty law presents, as a policy matter, a possible state law-based approach for attaining greater director accountability. The wisdom of doing so will depend, in part, on whether the risk of greater financial exposure will induce enhanced discharge of director responsibilities, to the advantage of share-holders, or dissuade capable prospective director candidates from service, to the detriment of shareholders. At a more theoretical level, understanding the affirmative facet of both the social norm of loyalty and the legal duty of loyalty raises deeper questions such as whether the supposed conceptual distinction between care and loyalty is as clear as widely believed and whether corporate law fiduciary discourse should continue to be conducted in moral-sounding terms at all. This, in turn, depends on whether we sensibly conceive of directors as being moral actors and regard corporate relationships as raising moral issues, rather than just economic/financial issues for which a new (or re-loaded) discourse might be more suitable. The article closes by addressing how judges - to whom both the practical and the policy-theory issues have fallen - might explore the fuller reaches of loyalty. The article coins the notion of due loyalty to express the appropriate, context-sensitive demands of loyalty understood as devotion." @default.
- W3123092207 created "2021-02-01" @default.
- W3123092207 creator A5054192775 @default.
- W3123092207 date "2003-01-01" @default.
- W3123092207 modified "2023-09-26" @default.
- W3123092207 title "After Enron: Remembering Loyalty Discourse in Corporate Law" @default.
- W3123092207 hasPublicationYear "2003" @default.
- W3123092207 type Work @default.
- W3123092207 sameAs 3123092207 @default.
- W3123092207 citedByCount "2" @default.
- W3123092207 countsByYear W31230922072014 @default.
- W3123092207 countsByYear W31230922072019 @default.
- W3123092207 crossrefType "journal-article" @default.
- W3123092207 hasAuthorship W3123092207A5054192775 @default.
- W3123092207 hasConcept C10138342 @default.
- W3123092207 hasConcept C144024400 @default.
- W3123092207 hasConcept C144133560 @default.
- W3123092207 hasConcept C17744445 @default.
- W3123092207 hasConcept C199539241 @default.
- W3123092207 hasConcept C25253098 @default.
- W3123092207 hasConcept C2776218876 @default.
- W3123092207 hasConcept C2776697845 @default.
- W3123092207 hasConcept C2776967331 @default.
- W3123092207 hasConcept C2777930997 @default.
- W3123092207 hasConcept C2779103253 @default.
- W3123092207 hasConcept C2779299062 @default.
- W3123092207 hasConcept C2779589421 @default.
- W3123092207 hasConcept C39389867 @default.
- W3123092207 hasConceptScore W3123092207C10138342 @default.
- W3123092207 hasConceptScore W3123092207C144024400 @default.
- W3123092207 hasConceptScore W3123092207C144133560 @default.
- W3123092207 hasConceptScore W3123092207C17744445 @default.
- W3123092207 hasConceptScore W3123092207C199539241 @default.
- W3123092207 hasConceptScore W3123092207C25253098 @default.
- W3123092207 hasConceptScore W3123092207C2776218876 @default.
- W3123092207 hasConceptScore W3123092207C2776697845 @default.
- W3123092207 hasConceptScore W3123092207C2776967331 @default.
- W3123092207 hasConceptScore W3123092207C2777930997 @default.
- W3123092207 hasConceptScore W3123092207C2779103253 @default.
- W3123092207 hasConceptScore W3123092207C2779299062 @default.
- W3123092207 hasConceptScore W3123092207C2779589421 @default.
- W3123092207 hasConceptScore W3123092207C39389867 @default.
- W3123092207 hasLocation W31230922071 @default.
- W3123092207 hasOpenAccess W3123092207 @default.
- W3123092207 hasPrimaryLocation W31230922071 @default.
- W3123092207 hasRelatedWork W1548721272 @default.
- W3123092207 hasRelatedWork W1586008218 @default.
- W3123092207 hasRelatedWork W2060086958 @default.
- W3123092207 hasRelatedWork W234638643 @default.
- W3123092207 hasRelatedWork W2482731106 @default.
- W3123092207 hasRelatedWork W2892329607 @default.
- W3123092207 hasRelatedWork W2913185874 @default.
- W3123092207 hasRelatedWork W2969324046 @default.
- W3123092207 hasRelatedWork W3116191099 @default.
- W3123092207 hasRelatedWork W3121667034 @default.
- W3123092207 hasRelatedWork W3122075471 @default.
- W3123092207 hasRelatedWork W3122240410 @default.
- W3123092207 hasRelatedWork W3122831956 @default.
- W3123092207 hasRelatedWork W3123938621 @default.
- W3123092207 hasRelatedWork W3125285220 @default.
- W3123092207 hasRelatedWork W3144504964 @default.
- W3123092207 hasRelatedWork W3161972994 @default.
- W3123092207 hasRelatedWork W3206826362 @default.
- W3123092207 hasRelatedWork W1858526474 @default.
- W3123092207 hasRelatedWork W192412285 @default.
- W3123092207 isParatext "false" @default.
- W3123092207 isRetracted "false" @default.
- W3123092207 magId "3123092207" @default.
- W3123092207 workType "article" @default.