Establishment of exemption mechanism of directors' liability can ensure the total balance of all parties of director liability system.

建立董事责任的免除机制，可以保障董事责任制度体现各方利益的总体平衡。

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There are two reasons for limiting directors' liability.

限制董事责任有两个理由。

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The intensification of directors' liability can help improvement of corporate governance structure but may affect management efficiency of the corporate.

强化董事责任有助于形成公司良好的治理结构，但也会影响到公司的管理效率。

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The new law and the threat of litigation it brings probably have something to do with the out-of-control cost of directors' and officers' liability insurance.

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Torn between loyalty to Greenberg, who had handpicked his directors, and fear of personal liability in a shareholder or criminal suit, board members discussed bringing in a new chief executive to take the heat off the company.

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Each operating company that was a corporation had a board of directors and each company that was a limited liability company had a board of managers.

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