Purpose To assess your ability to:Describe the duty of care and loyalty.Explain the different policy approaches used to enforce fiduciary duty.Discuss the concept of good faith.Identify comparable legal theories and concepts under Saudi Companies Law.
Apply legal issues and concepts related to fiduciary duty to create appropriate solutions in a case study scenario.Apply main concepts of Saudi Company law in a case study scenario.
Action Items Write an analysis of the various fiduciary duties under corporate law and what best practices are followed by Directors in fulfilling their duty.
In your analysis discuss how the business judgment rule is used in litigation, who favors the use of the business judgment rule, and when does the business judgment rule not apply.