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Directors' liabilitya legal and empirical study

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Samenvatting

Samenvatting
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.

Productinformatie

Uitgever
Wolters Kluwer Nederland B.V.
Taal
Nederlands
ISBN
9789013141634
Productsoort
Boek
Uitvoering
Paperback
Categorie
BoekenNederlandse boekenStudieboekenRechtOndernemingsrecht
Leeftijd
Volwassenen
Verschijningsdatum
3/10/2017
Formaat
240 x 158 x 11 mm
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