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"If you were on the board of a public corporation, and you had director responsibility, and if it was a health care corporation, you would damn well demand that the management of that hospital was properly insured," said Stephen Berger, the head of a state task force on ailing Brooklyn hospitals, which recommended that Interfaith and Wyckoff Heights merge with a stronger hospital.
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Commitment to Director Responsibilities.
Dubke was then hired to fulfill the communications director responsibilities.
Yesterday, Sainsbury insisted that the shakeup in director responsibilities had been planned for some time, although such a move had been rumoured throughout the City earlier last week.
Passed in July, it dramatically changes federal securities law governing officer and director responsibilities.
John has held Board of Director responsibilities or Board observer rights for over 20 private U.S. companies.
The passage of the Sarbanes-Oxley Act of 2002 dramatically changes federal securities law governing officer and director responsibilities and sets forth new crimes and penalties.
The interests for others in society (other stakeholders) are defined by their relationship to the corporation….The thrust of history and law strongly supports the broader view of the directors' responsibility to carefully weigh the interests of all stakeholders as part of their responsibility to the corporation or to the long term interests of its shareholders.
See Lipton and Brownstein, Takeover Responses and Directors' Responsibilities: An Update, p. 7, ABA National Institute on the Dynamics of Corporate Control (December 8 , 1983.
Such a focus was inconsistent with the changed concept of the directors' responsibilities at this stage of the developments.
Shareholders' rights to do what they want with their shares to maximise their immediate value is more stark than anywhere else and directors' responsibilities are only to serve the interests of these madly unconstrained shareholders.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com