The Watkins Firm has decades of experiencing managing disputes involving the defense of a corporate Board of Directors or individual directors here in San Diego and southern California. Disputes involving a Corporate Board of Directors or individual directors are actually more common than most professionals believe. Individuals who serve on the Board of Directors for a corporation carry personal liability for many of the actions and responsibilities they execute as directors of a corporation. Often, these risks may be covered by insurance provided by the corporation itself or they may expose the director or officer to personal liability and financial responsibility.
There are three primary duties associated with service as a board member of a corporation. The Duty of Loyalty requires a director or officer to place the interests of the corporation ahead of their own personal or professional interests. The Duty of Acting in Good Faith is focused upon how a director or officer approaches their responsibilities and discharges the responsibilities of their position. Dereliction of duty or the “conscious disregard” for the well being of the corporation exposes a director or officer to the potential for personal liability. The Duty of Care in Decision Making requires officers and directors to use sound business practices and judgment, especially in financial matters. This duty requires them to act as any “reasonable” officer of a company would exercise when approaching, researching or making decisions on behalf of the company.
Disputes can arise between minority shareholders and board members, or within the Board of Directors itself. The Watkins Firm has extensive business litigation experience and skill, and takes a unique approach to our cases which is designed to resolve these disputes in the shortest possible time frame and in a cost-efficient manner. We invite you to review the recommendations of our clients and contact us or call 858-535-1511 for a free consultation. We will discuss the matter, the issues at hand and develop a strategy to maximize the opportunity for a positive resolution for disputes involving the defense of a corporate board of directors in San Diego.