The three primary duties of a board of directors are the duty of care, the duty of loyalty, and the duty of obedience.  This article published by White and Williams, LLP explores a board’s duties as they relate to the COVID-19 pandemic.

Board of Directors Guidance When Addressing Emergency Circumstances Occasioned by the COVID-19 Pandemic
April 2, 2020
By: Marc Casarino, Lori Smith, and Gwenn Barney; White and Williams, LLP
Description: The COVID-19 pandemic has sent massive shockwaves throughout the global economy. This crises requires business leaders to confront a host of deleterious effects on an emergency basis – the likes of which many companies have never experienced. 

 

The information contained herein is intended for general informational purposes only and is not intended to provide or be a substitute for formal legal, business, or tax advice . Please consult a qualified accountant, tax practitioner or attorney licensed to practice in the jurisdiction where that advice is sought.