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Browse: Home / 2011 / June / 13 / Should Directors Be Held Liable More Often?

Should Directors Be Held Liable More Often?

By Securities Docket on June 13, 2011, 12:06 pm

Davidoff seems very sure that directors are not being held liable often enough. However, it is not clear why he thinks directors should be held liable more often. Upon reflection, I can think of three possible reasons why it might be argued that directors ought to face civil liability more frequently: recompense; retribution; and deterrence. I examine each of these three reasons below and consider whether or not they substantiate the need for directors to face civil liability more frequently.

Read more: Should Directors Be Held Liable More Often? — The D&O Diary

Posted in Class Actions, Industry, Top | Tagged Board of Directors

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