Duty of Care – Compliance Building

All of Your Fiduciary Duty in One Place

Doug Cornelius April 24, 2018April 24, 2018 Investment Advisers Act [+]

Of the trio of regulatory releases from the Securities and Exchange Commission last week, the one targeted at registered investment advisers is a little weird. It sets out the fiduciary duty of investment advisers, sort of, and proposes some new regulations. One of the problems with the fiduciary duty is that it is not explicitly … Read more »

Imposing Caremark Fiduciary Duty on Corporate Officers

Doug Cornelius November 14, 2008 Corporate Governance [+]

I previously posted on the Midland Grange case [Delaware Imposing Same Fiduciary Duty on Officers as Directors] where the Delaware Chancery Court imposed the same obligations on officers as directors, including the duty of loyalty and the duty of care. In Miller v. McDonald, et al., ( D. Del., Bankr., April 9, 2008), the Bankruptcy Court … Read more »