Role of Directors in a Corporation

The video tutorial discusses the role and responsibilities of corporate directors. Directors are responsible for making high-level management decisions, which may require shareholder approval in significant cases like mergers. They must stay informed, act with care and loyalty, and demonstrate ethical behavior. The duties of care and loyalty are crucial, with the business judgment rule raising the standard of care. Directors' primary functions include voting on budgets, appointing officers, and overseeing governance processes. They also handle disclosure requirements to ensure transparency with shareholders and the public.

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