duty of care

Corporate Board of Directors: Maintaining Fiduciary Duties

A corporate board of directors is entrusted with stockholder investments and the directors act as agents for the stockholders themselves. The directors are ultimately responsible for managing and overseeing the Company’s operations. They must maintain their fiduciary duties to protect the interests of the corporation and simultaneously act in the best interest of the stockholders. The core fiduciary duties a director must maintain are the i) duty of care, and the ii) duty of loyalty.