On the Responsibilities and Risks of the Activities of Senior Officials of Economic Companies
On the Responsibilities and Risks of the Activities of Senior Officials of Economic Companies

Summary/Abstract: The responsibility of the senior officials of business companies is multifaceted. They are liable to the company on the basis of breach of contract, while to third parties, mainly creditors, on the basis of non-contractual damages. Today, business risk is extremely high for senior executives. It is very difficult to calculate unexpected risks because you have to prepare for invisible damages. During managerial decision-making, exemption must be provided for unforeseen and unexpected circumstances, even with the help of liability insurance.

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