Board Essentials Module 6: Director Liability

Director Liability

Serving as a credit union director could lead to personal liability.  The potential increases when directors don’t understand the fiduciary duties they owe to the credit union and members – especially the duties of loyalty and care.  Furthermore, directors are held to high standards of professional conduct, which require directors to make reasonable business decisions on a fully informed basis after proper deliberation.  This session will fully explain the directors’ duties of loyalty and care and the reasonable business judgment rules to help protect directors from personal liability.

Duration 20-minutes

Presented By

Elizabeth Fast, JD & CPAElizabeth Fast
Spencer Fane LLP

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