Fiduciary Duties in Corporate Transactions
A comprehensive analysis of fiduciary duties governing directors and officers during mergers and acquisitions. The article examines the duty of care and duty of loyalty as foundational principles requiring informed decision-making and prioritization of shareholder interests. It explores the business judgment rule's protective function, discusses landmark cases like Unocal Corp v. Mesa Petroleum Co, and provides a comparative perspective on how U.S. and Honduran legal frameworks address fiduciary obligations, conflicts of interest, and compliance standards in corporate transactions.