Corporate Purpose: Board of Directors Fiduciary Duties

By Randi Morrison posted 08-21-2019 02:19 AM

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In this brief, read-worthy memo, Sullivan & Cromwell discusses the Business Roundtable's new "Statement on the Purpose of a Corporation" in the context of a board's fiduciary duties under Delaware law.

See our previous report: "Benefit Corporations: Explained & Timely Revisited," and additional information & resources on our Director Duties & Liabilities and Benefit Corporations pages.

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