Budylin S.L. Reason and good conscience: obligations of the director in the U.S.A., UK, Russia
The author analyzes the legislation and jurisprudence of the United States, Britain and Russia on the question of fiduciary responsibilities of the CEO. In Russian law the institute of management responsibility for damages caused to the company, is developed not enough, but recently it has been developed in the legal positions of the Presidium of SAC of the Russian Federation.
director's responsibilities, fiduciary duties, good faith, protection of shareholders
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Overview of the legal positions of the Presidium of SAC of the Russian Federation regarding the private law
The review provides a description of the legal positions contained in the regulations of SAC of the Russian Federation located in the website www.arbitr.rufrom November 2012. It was prepared by the Office of Private Law of SAC of the Russian Federation for informational purposes only and is not an official position of SAC of the Russian Federation. In order to establish the content of such a position one should apply directly to the text of the regulations.
RESOLUTIONS AND DECISIONS OF THE PRESIDIUM OF THE SUPREME COMMERCIAL COURT OF THE RUSSIAN FEDERATION