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Directors' liability

a legal and empirical study 

Nederlands - Paperback

Wolters Kluwer Nederland B.V.  |  maart 2017

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BESCHRIJVING

Following the financial crisis, major debates arise on the use of legal sanction to keep company directors in line with corporate governance. This dissertation positions directors# liability as a corporate governance instrument; foremost affected by (stakeholders of) the company, significantly affected by courts. Legal (comparative) and empirical research brings strong analysis and arguments to improve directors# liability legislation and understanding of its potential to induce directors# good practices. Confronting legal doctrine and positive law with empirical reality, this dissertation sharply identifies when the boundary of directors# business judgment opens for judicial scrutiny. Research I demonstrates how directors are affected by directors# liability risks. Research II identifies factors of when directors are being held personally liable by courts. Research III demonstrates poor corporate governance regarding discharge from personal liability for directors# bad faith actions by means of an informed shareholders# resolution. Results, conclusions and propositions are founded on over 50 interviews with executive and supervisory directors, extensive qualitative and quantitative case law analysis (2003-2013), comparative legal analysis (Netherlands-Delaware) and legal and social literature study.

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DETAILS

Soort boek Paperback
Uitgever Wolters Kluwer Nederland B.V. , Verschijningsjaar: 2017
ISBN-13 9789013141634
ISBN-10 9013141633
Taal Nederlands

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