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... the past few years, as more attention has focused on the importance of the shareholder vote, a notable trend has developed. Corporations have evolved from plurality voting toward majority voting for directors, even in the absence of ... and adopt bylaw amendments that they believe are best for the company. In some instances, shareholders may decide that no access or reimbursement bylaw at all is appropriate. * * * This leads to why I unfortunately was not able to support the Commission's proposal. ...
The Harvard Law School Corporate Governance Blog - http://blogs.law.harvard.edu/corpgov
... freeze laws governing corporate governance in place indefinitely, preventing further inquiry or development of evidence. Nonetheless, there are some corporate governance topics about which evidence is better than others. Here I set out what is necessarily ... to address not only the length of the holding period and ownership threshold required to obtain such access, the ability of shareholders to aggregate holdings to obtain eligibility, rules for independence of nominees and shareholders using the ...
The Harvard Law School Corporate Governance Blog - http://blogs.law.harvard.edu/corpgov
... access rule. While its details are not known, its general scope is. Further, there may be developments in the proxy access debate on any number of fronts. Accordingly, it is important that senior managements and boards be educated, ... On October 26, 2009, HealthSouth Corp. announced that its Board of Directors had approved the general terms of a corporate bylaw that will provide for reimbursement of shareholder expenses in connection with a proxy solicitation campaign, subject to certain conditions ...
The Harvard Law School Corporate Governance Blog - http://blogs.law.harvard.edu/corpgov
... flexibility to accommodate the SEC's proxy access rule-making calendar as it develops. Educate Your Management and Your Board First, general counsel and corporate secretaries should ensure that their management and ... the lines proposed by the SEC or as a "free writing" opportunity for shareholder proposals (as described in the last section of this Proxy Access Analysis). Consider Submitting a Company Comment Letter to, or Requesting a Meeting with, the SEC In educating management and their boards, ...
The Harvard Law School Corporate Governance Blog - http://blogs.law.harvard.edu/corpgov
... in an area traditionally regulated by states. This is especially true with respect to Proxy Access, where state legislation is only in its infancy. It is likely that the states will develop a significant body of experience in a relatively short time and it will ... of mounting a proxy contest deter minority representation that would lead to improved accountability and corporate governance. Whether this premise is true or not cannot be determined at this time. Certainly, inclusion of shareholder ...
The Harvard Law School Corporate Governance Blog - http://blogs.law.harvard.edu/corpgov
... shareholder value-oriented factors to inclusion of social responsibility and sustainability issues. The stealth issue is "sustainability" - a developing corporate governance concept that perhaps lacks widespread awareness but has the potential to become the ... proposals and/or governmental initiatives (legislative and rulemaking)). Among these governance reforms are shareholder access, majority voting for directors, eliminating classified boards, barring broker discretionary votes in uncontested ...
The Harvard Law School Corporate Governance Blog - http://blogs.law.harvard.edu/corpgov
... . Their practical impact is identified throughout this Commentary under the headings "How Could This Impact You?" Highlights The Delaware General Corporation Law (the DGCL) was amended exactly as proposed by the Delaware State Bar Association earlier this year, with respect to ... form of proxy access for their companies. They should also keep abreast of proxy access developments on the Congressional, SEC and state levels, keeping particular watch for any emerging trend such as pre-emptive adoption ...
The Harvard Law School Corporate Governance Blog - http://blogs.law.harvard.edu/corpgov
17 Feb, 2008 12:26 pm by Andis Kaulins
... law firm and the 8th oldest continuing law firm in the United States of America." "It's so good it doesn't seem legal (but it is, we promise). Developed as a free resource by Potter Anderson, a leading Delaware law firm, eDelaware™ provides instant access to Delaware corporate and alternative entity statutes, Articles 8 and 9 of the UCC, as well as pertinent case summaries, all on your BlackBerry® smartphone." This is "the ...
LawPundit - http://www.lawpundit.com/blog/lawpundit.htm
... , and the Delaware legislature thereafter approved amendments to the DGCL that will specifically allow corporations to include proxy reimbursement and proxy access provisions in their bylaws. Finally, numerous opinions by the Delaware courts involved the ... equity fund designees serving on the board of a portfolio company. * * * * * Our article summarizes these developments within the context of the relevant corporate governing documents in order to aid in the review of such documents. We do not ...
The Harvard Law School Corporate Governance Blog - http://blogs.law.harvard.edu/corpgov
31 Jan, 2007 8:24 am by Lawrence Solum
... intervention to reduce the tendency to managerialism of Delaware. The paper argues that on the whole this story fits the reaction to the corporate scandals of the nineties. The Sarbanes-Oxley Act moved regulation in a less managerialist direction, and ... as a purely national system would. The paper considers this possibility in the context of developments in the regulation of shareholder access to corporate proxy material for making board nominations. This skirmish remains in progress, but the ...
Legal Theory Blog - http://lsolum.typepad.com/legaltheory/
24 Aug 3:46 pm
... , Viejas Band of Kumeyaay Indians Eletta Tiam, CFO, Nisqually Tribe Michael Marchand, President, Affiliated Tribes of Northwest Indians Economic Development Corporation Virgil Moorhead, Chairman, Big Lagoon Rancheria Morris Reid, Chairman, Picayune Rancheria of Chuckchansi Indians Ivan Posey, ... of Gaming, St. Croix Casino & Hotel Scott Eldredge, General Manager, Santa Ana Start Casino Additional conference information and registration information can be accessed through Pier Conference Group.
Native American Legal Update - http://www.nativelegalupdate.com/
14 Sep 10:41 am
... , Viejas Band of Kumeyaay Indians Eletta Tiam, CFO, Nisqually Tribe Michael Marchand, President, Affiliated Tribes of Northwest Indians Economic Development Corporation Virgil Moorhead, Chairman, Big Lagoon Rancheria Morris Reid, Chairman, Picayune Rancheria of Chuckchansi Indians Ivan Posey, ... of Gaming, St. Croix Casino & Hotel Scott Eldredge, General Manager, Santa Ana Start Casino Additional conference information and registration information can be accessed through Pier Conference Group.
Native American Legal Update - http://www.nativelegalupdate.com/
26 May 2:29 pm by Corporation Service Company
... , et al., C.A. No. 3658-VCS, Strine, V.C. (Del. Ch. April 20, 2009). After a condominium development project failed, Plaintiff brought suit against Defendant and its various controlled entities. The LLC agreement for the venture gave ... -VCP, Parsons, V.C. (Del. Ch. April 14, 2009). The Petitioner brought suit under § 211 of the Delaware General Corporation Law to compel the Respondent Transtech Service Partners to hold an annual shareholder meeting to elect directors. The Company was formed as a " ...
Corporate Compliance and Governance Blog - http://www.corporatecomplianceandgovernanceblog.com/
13 Aug, 2008 3:51 pm
According to a recent report from Venture Development Corporation, the global market for RFID transponders topped $1.2 billion in 2007, with projected growth at a compounded annual rate of more than 25% over the next several years. ... use of a skimming device. A skimming device is defined as "a scanner, skimmer, reader, or other electronic device that is used to access, read, scan…personal identifying information or a payment device number encoded on the magnetic strip or stripe of a credit card." ...
Technology Law Update - http://www.technologylawupdate.com/
29 Oct, 2007 8:03 pm
... law is both powerful in its own way and hortatory. It is represented in the growing business of providing multinational corporations with guidelines and standards for the conduct of its businesses across borders. Production of these guidelines has not been the ... Co-Operation and Development, Guidelines for Multinational Enterprises, available http://www.oecd.org/daf/investment/guidelines (accessed Dec. 11, 2007). Eric W. Orts, The Legitimacy of Multinational Corporations, in Progressive Corporate ...
Law at the End of the Day - http://lcbackerblog.blogspot.com
30 Jan, 2008 9:14 pm
... be held at Georgetown University Law School on Feb. 5, 2008. The podcast fo the event can be accessed here. From Moral Obligation to International Law: Disclosure Systems, Markets and the Regulation of Multinational Corporations Through ... be hostile to the idea of the creation of an autonomous governmental apparatus at the international level charged with the development and enforcement of substantive corporate behavior standards. Ironically, the People's Republic of China might share the same ...
Tags: Internatonal
Law at the End of the Day - http://lcbackerblog.blogspot.com
27 Mar, 2008 8:47 pm
... competition and innovation, and furthermore, are unnecessary as increasing CSR is in the long term financial interest of multinational corporations. (Id.). Developing nations have also voiced opposition, claiming a sovereign right to "move at their own pace," ... .org/document/7/0,2340,en_2649_201185_1915847_1_1_1_1,00.html. ----------, Guidelines for Multinational Enterprises Revision 2000, can be accessed at http://www.oecd.org/document/28/0,2340,en_2649_34889_2397532_1_1_1_1,00.html Joel R. Paul, ...
Law at the End of the Day - http://lcbackerblog.blogspot.com
23 Nov 1:08 am by emonlinemedia
... the different phrases used by each group to describe their acoustical consulting needs. The blogging team also developed keyword lists of different phrases associated with their major industry sectors, such as: healthcare, auditoriums, industrial, ... they wanted to cover. Step #5. Provide writing guidelines The company reminded authors that their work was a form a corporate communication. Contributions could not contradict the company's overall message or recommendations the firm would provide to ...
LawyerCasting - http://www.lawyercasting.com/
7 Jan, 2008 9:40 am by Marcia Oddi
... . The loan is funded by taxpayers' money from a tax-increment financing district. Corporation member Allan Katz later filed a complaint with the access counselor after Economic Development Director Eric Hammond refused to provide a balance sheet or ... he already turned in a full slate of bills for the legislative session that begins Tuesday but may try to bolster the access counselor's powers through an amendment. The Indiana Coalition for Open Government (ICOG) released a study last week showing ...
The Indiana Law Blog - http://indianalawblog.com/
8 Apr 1:00 pm
... contain improvident terms and unfavourable interest rates. The most likely outcome of this proposal, if accepted, is developers downloading to new condo corporations the cost of energy-efficient equipment, which may or may not be "green energy projects" as ... . Why give a front door key to the barbarians at the gates? Fifth: It is hardly plain or obvious that giving creditors access to these remedies is reasonably required to encourage lenders to finance green energy projects, given that there is ...
Ontario Condo Law Blog - http://www.ontariocondolaw.com/
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