kaal:claim:2317580-009

Because state fiduciary duty law is permissive rather than regulatory, fiduciary standards can legitimately develop from non-legislative sources, which makes extra legal forces a proper source for shaping fiduciary duties.

Source quote, verbatim

Because state fiduciary duty law is permissive rather than regulatory, fiduciary standards can develop from non-legislative sources.

From

Wulf A. Kaal, Elizabeth R. Malay, The Role of Corporate Integrity Agreements in the Expansion of Fiduciary Duties (2013), II. Expanding Fiduciary Duties, p. 9
https://ssrn.com/abstract=2317580 · source PDF

Cite as

Wulf A. Kaal, Elizabeth R. Malay, The Role of Corporate Integrity Agreements in the Expansion of Fiduciary Duties (2013). SSRN: https://ssrn.com/abstract=2317580

Holds when

state law fiduciary duties
fiduciary responsibilities understood as largely aspirational best practices

Classification

mechanismsupport: arguedlaw-and-legal-systemscorporate-governance

Verify

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Attestation record: colloquium/attestations/94c620c741cb2d56...json
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