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English to Czech translations [PRO]
Law/Patents - Economics / Corporate Governance | | English term or phrase: out-of-pocket liability | | the principal risks of out-of-pocket liability for outside directors |
| Igor SeykoraKudoZ activityQuestions: 347 (none open) ( 14 without valid answers) ( 1 closed without grading) Answers: 76
Czech Republic
| Local time: 01:20
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| | vlastní/přímá odpovědnost | Explanation:
vlastní/přímá odpovědnost s odškodněním k vlastní tíži/na vlastní náklady
Why Is Out-Of-Pocket Liability So Unusual?
Outside directors of public companies face a daunting array of legal obligations. Under federal securities law, directors are potentially liable whenever a company makes misleading public statements. Under corporate law, they can be sued for failure to adequately oversee management. Under pension law, directors can be liable if the company's retirement plan suffers markedly as a result of overinvestment in the company's own shares.
Nonetheless, outside directors almost never end up paying out of their own pockets.
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| Selected response from:
 jankaisler
Local time: 01:20
| Grading comment Díky všem!
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| Changes made by editors |
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| May 14, 2010 - Changes made by jankaisler: | | Created KOG entry | KudoZ term => KOG term |
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