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This treatise examines the incidence of liability and litigation expense for breach of fiduciary duty, conflict of interest, and negligence. It discusses and compares merits of four different methods to remove the financial burden on corporate officers and directors: (1) corporate funds to defend management through direct corporate participation; (2) corporate funds to reimburse management for litigation expense; (3) advanced agreement between management and corporation for indemnification against litigation expenses; and (4) insurance against litigation expenses and liability paid for by the corporation.
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Book Description Clark Boardman Callaghan, 2011. PAPERBACK. Condition: Good. 0314602623 2011 West / Thomson Reuters (St. Paul, Minnesota), 6 1/2 x 9 3/4 inches tall x 2 1/4 inches thick paperbound, xvii, 1151, 65, 19 pp. Ex-Mega Law Firm library copy, with crossed out stamps to title page and top page edges as the only evidence of this. Mild to moderate rubbing and edgewear to covers. Otherwise, a very good copy - clean, bright and unmarked - of this useful legal practice guide. Note that this is a heavy and oversized book, so additional postage will be required for international or priority orders. ~SP29~ Contents: Distributing the Risk; The Fine Line Between Risks Incurred by Executives in Their Personal and Offiocial Capacities; The Nature of the Business Risk: Types and Extent of Liability and Expenses; Defense of Management by Corporartion; Reimbursement of Insiders: The Common Law; Indemnification Statutes; Indemnification by Articles, Bylaws or Contractual Provisions; Directors' and Officers' Liability Insurance; Federal Law Affecting Indemnification and Insurance; Federal Taxation of Indemnification and Insurance; Appendices; Table of Cases; Index. Seller Inventory # SP29-0571-7424