As a director, the mere mention of a red flag will send most into a panic. Roger Royse, in a recent article, discusses bad faith and red flags and Deleware corporate law.

Director Liability and the Dreaded Red Flag

There are some words with which a corporate director wants to avoid all association. One of those phrases is ‘red flag.’ She or he never wants to hear that there are red flags that a corporate officer should be paying attention to before going forward with a particular decision or course of action.
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