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stone v. ritter case 2006

Silvia Cutrera

Created on November 14, 2023

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Transcript

Stone v. Ritter

Cutrera Silvia Ozbeck Nilay

Background

Company Involved

Regulatory Action

Initial Problems

Lawsuit Against Directors

Legal Standards Applied

Nature of the Alleged Breach

legal issue

when are directors liable?

fiduciary duty

  • Burden of Proof
  • Intent Requirement

duty of care

  • Reliance on Information

duty of loyalty

  • Internal Controls
  • Business Judgement Rule

duty of good faith

Reference other cases

Duty of Oversight

Standards for Breach of Duty

outcome

Directors were not found guilty

SIGNIFICANCE

Clarification of Directors' Duty of Oversight

Standard for Director Liability

Emphasis on Corporate Compliance Programs

Broader Impact Across Jurisdictions

Italy

CONCLUSION

Civil Law system

+ INFO

Japan

consensus-driven business culture

+ INFO

thank you for your attention

Silvia Cutrera Nilay Ozbek

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Got an idea?

Let the communication flow!

With Genially templates, you can include visual resources to wow your audience. You can also highlight a particular sentence or piece of information so that it sticks in your audience’s minds, or even embed external content to surprise them: Whatever you like! Do you need more reasons to create dynamic content? No problem! 90% of the information we assimilate is received through sight and, what’s more, we retain 42% more information when the content moves.

  • Generate experiences with your content.
  • It’s got the Wow effect. Very Wow.
  • Make sure your audience remembers the message.