Managers' Fiduciary Duties in Financially Distressed Corporations: Chaos in Delaware (And Elsewhere). Managers' Fiduciary Duties in Financially Distressed Corporations: Chaos in Delaware (And Elsewhere).

Managers' Fiduciary Duties in Financially Distressed Corporations: Chaos in Delaware (And Elsewhere)‪.‬

The Journal of Corporation Law 2007, Spring, 32, 3

The Journal of Corporation Law
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Description de l’éditeur

I. INTRODUCTION The inherent conflict between creditors and shareholders (1) has long occupied courts and commentators interested in corporate governance. (2) Creditors holding fixed claims to the corporation's assets generally prefer corporate decision making that minimizes the risk of firm failure. Shareholders, in contrast, have a greater appetite for risk, because, as residual owners, they reap the rewards of firm success while sharing the risk of loss with creditors. (3)

GENRE
Entreprise et management
SORTIE
2007
22 mars
LANGUE
EN
Anglais
LONGUEUR
89
Pages
ÉDITIONS
University of Iowa Journal of Corporation Law
TAILLE
394,6
Ko

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