The third area involves environmental regulation

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Question

The third area involves environmental regulation. Complicated statutes impose personal liability on directors for damages caused by the corporation to the environment. Contamination of property, pollution of the air, unexpected spills, and the cost of cleanup are examples of potential sources of a director's personal liability. In addition to potential fines and imprisonment, the directors may also face being personally responsible for the actual damages caused or the costs of cleanup in a civil action.

Reference no: EM133615501

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