United States: Directors and Officers

Florida's HB 797 brings sweeping changes to how community associations operate by substantially rewriting director standards of conduct, establishing new officer duties, and expanding liability protections. These amendments to Chapter 617 will fundamentally reshape governance requirements for condominiums and homeowners associations across the state. Understanding the new presuit mediation requirements and injunctive relief procedures has become critical as associations navigate covenant enforcement in this

The Delaware Court of Chancery dismissed shareholder claims against Boeing's directors and officers following the January 2024 door plug blowout incident, reaffirming that robust board oversight and reporting mechanisms satisfy fiduciary duties even when business risks materialize. The decision clarifies the high bar for proving bad faith in Caremark claims and emphasizes that directors exercise business judgment in managing operational risks.

Estate planning requires choosing between two fundamental approaches: the traditional will and the revocable trust. While both direct asset distribution after death, they differ significantly in cost, privacy, probate requirements, and incapacity protection—differences that can profoundly impact your family's experience during an already difficult time.