Legal Issues: Call to Order: Recent Legislation and Case Law Show a Trend of Increased Accountability and Liability of Board Members  

Oleh:

Letizia, John M. ; Casagrande, Kate

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Home Health Care Management & Practice vol. 16 no. 4 (Jun. 2004), page 298-299.
Topik: liability; accountability; board; business judgment
Fulltext: 298HHC164.pdf (50.94KB)

Isi artikel

Changes to both federal and state laws as well as recent court decisions all seem to point to a growing trend toward a higher level of accountability for members and officers of a corporation’s board of directors. One such federal law, the Sarbanes- Oxley Act of 2002, was enacted to reform the corporate governance of publicly held corporations. Although the law does not apply directly to private home care agencies, senior management and board members of such agencies should heed these changes occurring in the corporate realm.

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