Discuss whether officers and directors may entrust important work to others and their potential liability if they do
Directors and officers are permitted to entrust important work to others. If they have selected employees with care, the officers and directors are not personally liable for negligent acts or willful wrongs of those they selected. A reasonable amount of supervision is required. If an officer or director knew or should have known or suspected that an employee was incurring losses through carelessness, theft, or embezzlement, the officer or director will be held liable for such losses. The 1999 amendments to the Revised Act have a provision entitling a director to rely on the performance of board functions properly delegated by the board to officers, employees, or a committee of the board of which the director is not a member unless the director has knowledge that makes reliance unwarranted.
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Every transaction affects equal numbers of ledger accounts and is recorded by equal dollar amounts of debits and credits
a. True b. False Indicate whether the statement is true or false
When a company performs a particular competitively important activity truly well in comparison to its rivals, it is said to have a
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Indicate whether the statement is true or false
To improve your nonverbal communication, which of the following tips should you practice?
A) ?Establish and maintain eye contact with others. B) ?Minimize any distracting or competing background sounds. C) ?Associate with people from diverse cultures. D) ?All answer choices are effective ways to improve your nonverbal communication.