Suppose one of your close friends is asked to serve as a member of the Board of Directors of a nursing home. You are a compliance officer of a different nursing home. Your friend asks for advice before accepting or declining the invitation. Discuss what your recommendations to your friend would be. Keep in mind the fiduciary responsibilities for compliance, and the potential for personal liability, and balance these against the protection you would receive from Directors and Officers insurance.

Answer rating: 100% (QA)

I would advise my friend to carefully consider the following factors 1 Understand Fiduciary Duties E... View the full answer