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Is a Common Structure of Company Directors’ Duties Evolving in EU?

Artikel i vetenskaplig tidskrift
Författare Rolf Dotevall
Publicerad i European Business Law Review
Volym 27
Nummer/häfte 2
Sidor 285-294
ISSN 0959-6941
Publiceringsår 2016
Publicerad vid Juridiska institutionen
Sidor 285-294
Språk en
Länkar https://ssrn.com/abstract=2882460
Ämnesord Directors' duties, EU, the Nordic countries, care and loyalty, board structure,
Ämneskategorier Civilrätt

Sammanfattning

As opposed to other areas of company law, directors’ duties have not been the subject of any extensive harmonization at the European level. The system of directors’ duties in the EU continues to be characterized by a variety of approaches and legal strategies. However, the practical effect of the legal strategies deployed in the Member States, which have been in focus, is often quite similar. A very good example is the business judgment rule. The duty of loyalty shows greater variance than the duty of care. In UK law directors’ duties are regulated in quite detailed manner, especially the duty of loyalty. But in Germany, France and the Scandinavian countries the duties are not comprehensively regulated and the law relies on general principles based on fiduciary and agency laws.

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