We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
COMPLY-AND-EXPLAIN: SHOULD DIRECTORS HAVE A DUTY TO INFORM?
- Authors
Wilcox, John C.
- Abstract
The article presents an overview on the comply-and-explain system in relation to directors' duty to inform, which could be derived from the Standards of Conduct for Directors in section 8.30 of the Model Business Corporation Act (MBCA) in the U.S. It highlights the obligation of the directors of publicly held companies to explain to their shareholders how they are discharging their responsibilities that serves the best interests for the corporations. It adds that the meltdown in the economy and in financial markets has underscored the significance of corporate governance and directors' accountability to shareholders.
- Subjects
UNITED States; CORPORATE directors; EXECUTIVES' attitudes; CORPORATE governance; STOCKHOLDERS; CORPORATIONS; INDUSTRIAL management; ORGANIZATIONAL accountability; ACCOUNTING
- Publication
Law & Contemporary Problems, 2011, Vol 74, Issue 1, p149
- ISSN
0023-9186
- Publication type
Article