www.carters.ca
www.charitylaw.ca
G. COMMON LAW LIABILITIES
•Liability for Breach of Fiduciary Duty
–Directors and officers have a fiduciary
duty to put the best interests of
the corporation ahead of their own
–Examples of breach of fiduciary duty can
include mismanagement of corporate funds
and property, or the
misappropriation of corporate opportunity
–Directors and officers are liable for
any loss that the corporation suffers
as a result of a breach of fiduciary
duty
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