kaal:claim:kaal-2013-acomparativeperspectiveo-020

If the liability standard were lowered, directors and officers would take their increased personal liability exposure into account and could be incentivized to engage in less risky behavior.

Source quote, verbatim

Directors and officers would take their increased personal liability exposure into account and could be incentivized to engage in less risky behavior.

From

Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013), A Comparative Perspective on the Duty to Monitor, p. 7
· source PDF

Cite as

Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013)

Holds when

a moderate liability standard for oversight breaches is adopted

Classification

mechanismsupport: arguedrisk-and-incentivescorporate-governancelaw-and-legal-systems

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