On The Civil Liability Of Directors

Along with the development of the law of corporation, corporation directors are becoming prominent day by day in the company management, directors' behavior is having more and more important influence on the company, even vital for the company's fortune. The laws of corporation in the nations the mainland legal system and the British and American legal system all have the explicit stipulations on the directors' civil liabilties, and the law of corporation in our country also has the corresponding stipulations, but our nation's law pays more attention to directors' administrative responsibilities and the criminal responsibilities. Therefore the law of our nation is too general and lacks the feasibility for directors' civil liabilities. In view of the necessity of the improvement of the corporate governace structure, it is necessary to enhance the legislation on liabilities of the corporation directors, and this is the key of the legislation to ensure a corporation's execution to be effective.