Abstract
Corporate directors owe fiduciary duties of care and loyalty to the corporation and its shareholders as a result of their position of control. In general, the standard for the duty of care owed by a director is one of a prudent person in similar circumstances. The duty of loyalty prohibits directors from engaging in self-dealing transactions and acts of bad faith.
Recommended Citation
Wendy B. Gayle,
The Defensive and Offensive Use of "Poison Pills" Within the Business Judgment Rule,
24
U. Rich. L. Rev.
127
(1989).
Available at:
https://scholarship.richmond.edu/lawreview/vol24/iss1/8