Know Your Role: Fiduciary Duties of the Corporate Director

For most legal issues, Texas corporations are governed by the Texas Business Organizations Code.  However, one topic that is not expressly addressed is the fiduciary duties of corporate directors.  Instead, case law has established the principle that directors owe their corporations three general fiduciary duties: a duty of obedience, a duty of care, and a duty of loyalty.  As a corporate director, each of your actions must take into consideration these duties, and failure to do so could result in substantial damage to both the company and yourself…(click here to continue reading)

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Brian Edward Albert

Licensed since 2013

Member at firm The Strong Firm P.C.

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Brian Edward Albert

Licensed since 2013

Member at firm The Strong Firm P.C.

RECENT POSTS

  • Can I Tell You A Secret?
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    Topic: Business Law

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