Tonkon

Articles

Protecting the Board of Directors

June 14, 2012

In his June 12 "Risky Business" article for the Daily Journal of Commerce, Jeff Cronn discusses the importance of understanding directors' obligations, and of having the right tools in place to protect them. When a company becomes ready to raise outside capital, it is often time to expand the board of directors. But service as a director brings risk of personal liability. A company owner will want to limit this risk.