Work detail

General Duties of Corporate Directors

Author: Mgr. Jan Petrov
Year: 2007 - winter
Leaders: doc. JUDr. Tomáš Richter LL.M., Ph.D.
Consultants:
Work type: Finance, Financial Markets and Banking
Masters
Language: Czech
Pages: 82
Awards and prizes: M.A. with distinction from the Dean of the Faculty of Social Sciences for an extraordinarily good masters diploma thesis.
Link:
Abstract: The subject matter of the thesis is the duties of general nature (duty of loyalty, duty of care) imposed by private law on directors of a corporation. The thesis examines Delaware and German Law and, using the law & economics ap¬proach, analyzes the efficiency of duties imposed on directores. In doing so, it ela¬borates concepts of managerial decision-making, business judgment rule, self-dealing and corporate opportunities. The thesis comes to the conclusion that many U.S. (Delaware) rules and doctrines have been transplanted into the German law, mostly without an explicit legal ground in an Act. To the contrary, Czech law is mostly uninfluenced by the trend. Therefore, the thesis argues for the amendment of the Czech Business Code.
Downloadable: Diploma Thesis of Jan Petrov
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