In The News

| April 8, 2010

Corporate Directors’ Responsibility for Tax Risk Oversight

This article appeared in the online edition of Corporate Counsel.

The job of a corporate director has never been more difficult.

Directors have always had fiduciary duties to shareholders, including a duty of care, but the parameters of that duty have expanded greatly in recent years. Scrutiny of directors increased dramatically in the wake of corporate scandals at Enron, WorldCom and Adelphia, and expectations of director attentiveness to risk oversight have grown significantly.

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