kaal:claim:2317580-024

Although CIAs are not laws, they go beyond aspirational governance standards because they set forth concrete governance rules that more clearly define the duties to be informed, to exercise oversight, and to maintain effective reporting systems, thereby requiring a higher standard of care.

Source quote, verbatim

Although CIAs are not laws, they do go beyond aspirational governance standards. CIAs set forth concrete governance rules that expand the fiduciary duties of directors.

From

Wulf A. Kaal, Elizabeth R. Malay, The Role of Corporate Integrity Agreements in the Expansion of Fiduciary Duties (2013), IV. The Role of CIAs in Expanding Fiduciary Duties, p. 14
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

directors of companies operating under a CIA

Classification

designsupport: arguedgovernance-designcorporate-governancecompliance

Verify

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Attestation record: colloquium/attestations/ceeb1fa9b971ab29...json
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