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Liability Of Corporate Officials In The Field Of Corporate Governance. Modern Tendencies

Author

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  • Anatoliy Kostruba

    (Vasyl Stefanyk Precarpathian National University)

Abstract

One of the ways to eliminate corporate conflicts is the institution of liability of the corporate governance body officials. The author points out that since fiducia in the field of corporate governance increases risks of abuse of right, it is advisable to establish both the compensation for harm caused and the prevention from possible abuse of officials by excluding guilt as a condition for their responsibility. The basis for the exemption of an official from liability is only a case (causa), that is a circumstance the person is not able to foresee by taking appropriate measures of professional diligence required in specific conditions.

Suggested Citation

  • Anatoliy Kostruba, 2020. "Liability Of Corporate Officials In The Field Of Corporate Governance. Modern Tendencies," Post-Print hal-03042151, HAL.
    • Handle: RePEc:hal:journl:hal-03042151
    DOI: 10.36695/2219-5521.3.2020.24
    Note: View the original document on HAL open archive server: https://hal.science/hal-03042151
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    Keywords

    corporate governance; liability of corporate officials; legal entity; corporate governance bodies; case in law; strict (objective) liability; Liability law; corporatшщт;
    All these keywords.

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