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IV. Duties of Management
(9,765 words)

Volume XIII: Business and Private Organizations | Chapter 4 (1973): Management and Control of Marketable Share Companies

A. The General Standard

113. General outlook. – Directors owe duties of skill and care and fiduciary duties to the corporation. The standards as to fiduciary duties may vary in detail from one jurisdiction to another, but the basic approach seems to be pretty much the same everywhere. This is tr…

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Bernhard Grossfeld, “IV. Duties of Management”, in: International Encyclopedia of Comparative Law Online, Edited by: U. Drobnig, R. David, H. H. Egawa, R. Graveson, V. Knapp, A. T. Von Mehren, Y. Noda, S. Rozmaryn, V. M. Tschchikvadze, H. Valladão, H. Yntema, K. Zweigert. Consulted online on 27 January 2022 <>
First published online: 2018

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