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Good Faith

Directors Must Investigate Shareholders' Concerns

Brad Reid | Posted 05.13.2013 | Business
Read More: Fiduciary-Duty, Derivative Suit, Business-Judgment-Rule, Good Faith, Board of Directors, Business News
Brad Reid

Directors have a fiduciary duty to shareholders to act with due care and in good faith. A fiduciary has a high standard of care that requires that informed decisions be made honesty and fairly.

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The 'Advice of Counsel' Defense

Brad Reid | Posted 02.05.2013 | Business
Read More: Fraud, Attorney-Client-Privilege, Advice-of-Counsel, Executives, Liability, Good Faith, Advice of Counsel Defense, Court of Appeals, Legal, Business News
Brad Reid

While executives should consult legal counsel, executives should not expect that an assertion of legal advice favoring the proposed action will automatically prevent subsequent liability for fraud.

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A Bad Assumption: Republicans Are Acting in Good Faith on Deficits

Jonathan Weiler | Posted 05.25.2011 | Politics
Read More: Gop, Same Old, Strategic Deficits, Deficits, Good Faith, Politics News
Jonathan Weiler

The extent of Republican dishonesty on deficits should have been plain long ago, as they have been running up the debt for thirty years. The 2011 budget debate is no different.

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