The Fiduciary Duty of Board Members

Business, Other News
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INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.

Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Alexander Paykin.

The Alexander Paykin Commentaries

On a recent Price of Business show, Host Kevin Price interviewed Alexander Paykin, Esq., a commercial and real estate litigation and complex transactions attorney in New York, and the founder and Managing Director of The Law Office of Alexander Paykin, P.C., who regularly counsels corporate, non-profit, condo and coop boards and board members as to all things related to commercial and real estate law.  In addition to managing his own firm, Mr. Paykin teaches for the American Bar Association, the New York State Bar Association, and various other state and local Bar associations throughout the country.  He sits on multiple corporate and non-profit boards and has been a board member and officer in both commercial and residential condominiums.  To read more about Mr. Paykin, please visit https://www.paykinlaw.net/attorneys/alexander-paykin-esq.

They discussed the importance of understanding one’s fiduciary duties as a member of a board, whether in a corporate setting, at a non-profit or in a condominium, cooperative or HOA setting.  Mr. Payking explained the three types of fiduciary duties and examples of the kinds of breaches that can get a board member in trouble, even to the point of losing their coverage under the relevant insurance policies in place to protect them against the mistakes that they might make while in office.

 

Alexander Paykin, Esq., Managing Director of The Law Office of Alexander Paykin, P.C., based out of New York, focused his practice in real estate and commercial litigation and complex transactions. His firm also provides technology and finance consultancy services to its clients, including other law firms throughout the US.  With a background spanning multiple countries and businesses in finance and IT, Paykin brings a unique perspective to his legal practice.  His firm is modeled as a high-tech, client-centered practice, focusing on efficient service delivery in litigation and complex transactions related to business, commerce, finance, and real estate. He also operates a real estate brokerage and a real estate holding company.  Mr. Paykin regularly teaches continuing legal education courses and has been published in prestigious legal journals. His writings cover topics such as mutual insurer demutualization, the business judgment rule, law practice management, and the use of artificial intelligence in modern law practice.
Mr. Paykin sits on multiple professional committees and the boards of three 501c3 non-profits, as well as a condominium board.
Connect with Alexander Paykin on social media:
Twitter/X: @Paykinlaw

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