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6 Sep 2019, 3:00 am by John Jenkins
  This excerpt says that the solution to this information imbalance may be an independent staff serving only the board: Cementing the information imbalance is the fact that the typical company board has no everyday dedicated staff. [read post]
24 Aug 2016, 4:26 pm by Kevin LaCroix
However, while diverse directors may serve for many reasons, they still must be able to discharge their duties to the corporation. [read post]
28 Sep 2011, 6:53 pm by Rosenbaum & Associates
The administrator proposed bankruptcy in May of 2004, but the board opted for a loan instead, eventually filing for bankruptcy 11 months later. [read post]
2 Mar 2016, 11:33 am
  (2) Absent a particularized rebuttal, statements made by a majority-disinterested and majority-independent board of directors within a letter refusing demand are presumed true and may properly be considered by the court. (3) In a derivative action, a shareholder’s right of discovery as to the issue of whether a board of directors acted appropriately in refusing demand is denied unless shareholder has met her burden of proof under the business… [read post]
21 Oct 2024, 4:01 am by Alessandro Cerri
 Further, the mere grounds of a decision are not in principle capable of producing legal effects (Dalmine v Commission, Case T-50/00). [read post]
5 May 2017, 6:14 am
Stout, Cornell Law School, on Thursday, May 4, 2017 Tags: Accountability, Citizens United v. [read post]
6 Aug 2015, 6:21 pm by Kevin LaCroix
But what specifically should boards of directors be worried about and what questions should they be asking? [read post]
13 Jan 2022, 11:05 am by Kevin LaCroix
[iv] The cost to defend such allegations may be allocated or multiplied depending on the interested party involvement, particularly individual board members that might implicate Outside Director Liability cover. [read post]
25 Oct 2007, 3:40 pm
 Even when the company is insolvent, the board may pursue, in good faith, strategies to maximize the value of the firm . [read post]
A single stockholder (or group) may nominate director candidates for up to 25 percent of the total board seats up for election. [read post]
10 Jan 2012, 8:00 am by Kirstin Dvorchak
  The Board of Directors met 7 times in 2010 and Board Committees met 27 times. [read post]