About: Duty of care (business associations)

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In United States corporation and business association law (particularly Delaware law and the Revised Model Business Corporation Act), a duty of care is part of the fiduciary duty owed to a corporation by its directors. The other aspects of fiduciary duty are a director's duty of loyalty and (possibly) duty of good faith.

Attributes	Values
rdfs:label	Duty of care (business associations) (en)
rdfs:comment	In United States corporation and business association law (particularly Delaware law and the Revised Model Business Corporation Act), a duty of care is part of the fiduciary duty owed to a corporation by its directors. The other aspects of fiduciary duty are a director's duty of loyalty and (possibly) duty of good faith. (en)
dcterms:subject	Equity (law) United States corporate law
Wikipage page ID	8470042 (xsd:integer)
Wikipage revision ID	1118536161 (xsd:integer)
Link from a Wikipage to another Wikipage	English law Unocal Corp. v. Mesa Petroleum Co. Delaware Delaware Supreme Court Duty Duty of loyalty Corporation Tort Good faith (law) Equity (law) United States corporate law Law Business judgment rule Michael Eisner Smith v. Van Gorkom Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc. Entire fairness Revised Model Business Corporation Act Fiduciary duty Caremark (court decision)
sameAs	Duty of care (business associations) Duty of care (business associations) Duty of care (business associations)
dbp:wikiPageUsesTemplate	dbt:For_multi dbt:Refimprove dbt:Reflist dbt:Short_description dbt:Companies_law
has abstract	In United States corporation and business association law (particularly Delaware law and the Revised Model Business Corporation Act), a duty of care is part of the fiduciary duty owed to a corporation by its directors. The other aspects of fiduciary duty are a director's duty of loyalty and (possibly) duty of good faith. Put simply, a director owes a duty to exercise good business judgment and to use ordinary care and prudence in the operation of the business. They must discharge their actions in good faith and in the best interest of the corporation, exercising the care an ordinary person would use under similar circumstances. Directors' decisions are typically protected under the business judgment rule, unless they breach one of these duties or unless the decision constitutes waste. A breach of fiduciary duty will typically remove a director's decision from business judgment protection and require that the director show entire fairness. (en)
prov:wasDerivedFrom	wikipedia-en:Duty_of_care_(business_associations)?oldid=1118536161&ns=0
page length (characters) of wiki page	4261 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Duty_of_care_(business_associations)
is Link from a Wikipage to another Wikipage of	Duty of loyalty Duty (disambiguation) Business judgment rule In re Caremark International Inc. Derivative Litigation In re Walt Disney Co. Derivative Litigation Low-profit limited liability company Smith v. Van Gorkom Duty of care(business associations)
is Wikipage redirect of	Duty of care(business associations)
is Wikipage disambiguates of	Duty (disambiguation)
is foaf:primaryTopic of	wikipedia-en:Duty_of_care_(business_associations)

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