Today’s Board Essentials Module 1: Director Liability: Fiduciary Duty & Duty of Care
Serving as a credit union director could lead to personal liability.
The potential for this 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.
Approximately 20 minutes
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.
Spencer Fane LLP
This Webinar Appears In
© 2023 FINANCIAL EDUCATION & DEVELOPMENT, INC