The Poison Pen of Jersey
The Poison Pen of Jersey
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In our eReader you can find the full English version of the book. Read The Poison Pen of Jersey Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Poison Pen of Jersey
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To quickly assess the difficulty of the text, read a short excerpt:
(4) The difference in nomenclature, i. E. , trustees of char- itable and educational institutions and directors of busi- ness enterprises, is not supported by either factual or legal differentiation. (5) Where the board of directors commits acts in violation of its duties, participating members are jointly and sev- erally liable for their misdeeds.
And this is so without regard to the degree of derelic- tion of which each director may be guilty.
It has been said that wrongdoing directors are jo...int tort feasors. (6) Upon accepting a directorship, the director gives an implied promise that he will attend to his duties with that degree of care which the situation demands, and that he has a competent knowledge of the nature of their functions.
A director's inattention to his duties is not excused by the fact that he receives no compensation for his work.
A director is not obliged to assume office in the first place, and he has an unqualified right to resign at any time; and his continuance as a director is evidence of the fact that he is willing to serve without compensation, and clearly it would be unfair to permit him to avoid lia- bility created by his own neglect of self-imposed duties, where that neglect has caused damage to others.
What to read after The Poison Pen of Jersey?
You can find similar books in the "Read Also" column, or choose other free books by Frank Dalton Osullivan to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
(4) The difference in nomenclature, i. E. , trustees of char- itable and educational institutions and directors of busi- ness enterprises, is not supported by either factual or legal differentiation. (5) Where the board of directors commits acts in violation of its duties, participating members are jointly and sev- erally liable for their misdeeds.
And this is so without regard to the degree of derelic- tion of which each director may be guilty.
It has been said that wrongdoing directors are jo...int tort feasors. (6) Upon accepting a directorship, the director gives an implied promise that he will attend to his duties with that degree of care which the situation demands, and that he has a competent knowledge of the nature of their functions.
A director's inattention to his duties is not excused by the fact that he receives no compensation for his work.
A director is not obliged to assume office in the first place, and he has an unqualified right to resign at any time; and his continuance as a director is evidence of the fact that he is willing to serve without compensation, and clearly it would be unfair to permit him to avoid lia- bility created by his own neglect of self-imposed duties, where that neglect has caused damage to others.
What to read after The Poison Pen of Jersey?
You can find similar books in the "Read Also" column, or choose other free books by Frank Dalton Osullivan to read onlineMoreLess
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