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https://www.thehartford.com/management-liability-insurance/d-o-liability-insurance/explained#:~:text=Directors%20and%20officers%20are%20sued%20for%20a%20variety,of%20competitor%E2%80%99s%20customers%207%20Lack%20of%20corporate%20governance
https://corporations.uslegal.com/officer-and-director-liability/
Decisions made by officers and directors of corporations typically have not subjected these individuals to personal liability. Even if an officer or director makes what turns out to be a bad business decision, the law does not render the person liable unless that decision violates a specific duty imposed on the officer or director. On the other hand, the law governing …
https://www.upcounsel.com/liability-of-company-directors
https://www.upcounsel.com/personal-liability-of-corporate-officers
Personal Liability of Corporate Officers Personal Liability. One of the most important benefits of establishing a business as a corporation is to protect the... Independent Entity. A corporation serves as an independent legal entity, formed under state law, and existing separately... Limited ...
https://store.lexisnexis.com/products/liability-of-corporate-officers-and-directors-skuusSku6790
Liability of Corporate Officers and Directors addresses virtually every aspect of D&O liability, loss prevention and financial protection, providing the expert insight and practical perspective essential to any attorney counseling corporate directors and officers.
https://lawcat.berkeley.edu/record/1154370
Summary Liability of corporate officers and directors addresses virtually every aspect of D&O; liability, loss prevention and financial protection, providing the expert insight and practical perspective essential to any attorney counseling corporate directors and officers. With a full examination of all potential bases for liability -- from breaches of basic duties to specific …
https://www.wolfbaldwin.com/articles/small-business-articles/liability-of-officers-and-directors/
In Kaites v. Com. of Pa., Dept. of Environmental Resources, the Pennsylvania Commonwealth Court reasserted that corporate officers are generally individually liable for their own tortious actions; that is, in order for liability to attach, the officer must actually participate in wrongful acts, and may be held liable for misfeasance but not for simple nonfeasance. Thus, committing an …
https://www.cga.ct.gov/2002/rpt/2002-R-0704.htm
PERSONAL LIABILITY OF DIRECTORS AND OFFICER FOR BREACHING DUTY TO CORPORATION OR SHAREHOLDERS. The law requires that corporate directors and officers carry out their duties to their corporation in certain ways or they may be personally liable to shareholders or to the corporation itself.
https://corpgov.law.harvard.edu/2021/02/21/recent-trends-in-officer-liability/
More than a decade ago in the seminal case Gantler v. Stephens, the Delaware Supreme Court clarified that officers of Delaware corporations owe the same fiduciary duties of care and loyalty that directors owe to the corporation and its stockholders. While directors and officers owe the same fiduciary duties, they are not entitled to the same defenses.
https://www.nortonrosefulbright.com/-/media/files/nrf/nrfweb/imported/20160801---criminal-and-civil-liability-for-corporations-officers-and-directors.pdf
In addition, corporate officers and directors may be held liable for the misconduct of the corporation’s agents even if they were unaware of the misconduct. CONDUCT COMMITTED WITHIN THE SCOPE OF EMPLOYMENT Generally, the scope of employment requirement is met if the agent has actual or apparent authority to engage in the act in question.
https://www.archindy.org/finance/files/incorporation/Liability%20Issues%20for%20Officers%20and%20Directors.pdf
Directors and officers liability insurance (often called insurance) is . D&O liability insurance payable to the directors and officers of a company, or to the organization(s) itself, to cover damages or defense costs in the event they suffer such losses as a result of a lawsuit for alleged wrongful acts while acting in their capacity as directors and officers for the organization.
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