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Business Opportunities and the Duty of Loyalty

Lecture no. 5 from the course: Law School for Everyone: Corporate Law

Business Opportunities and the Duty of Loyalty

Taught by Professor George S. Geis | 28 min | Categories: The Great Courses Plus Online Professional Development Courses

According to the duty of loyalty, directors and senior executives must put their corporation’s interests ahead of their own. What happens when the law should worry about an executive’s loyalty? How do the duty of loyalty and the business judgment rule interact? What can we learn from a 2004 court case involving eBay shareholders?