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26 Dec 2013, 6:04 am by Ravi S. Nagi
Even so, they dismissed his claims for damages against the Board and its director because state agencies and officials in their official capacities are not “persons” subject to liability for damages under the statute. [read post]
23 Dec 2013, 10:49 am by Michael Epshteyn
The FFIEC is an interagency body of banking regulators tasked to develop standards and guidelines as relevant to regulatory examination of covered institutions. [read post]
17 Dec 2013, 8:18 am by Lauri F. Rasnick
The Covered Entities include financial institutions, investment banking firms, mortgage banking firms, asset management firms, brokers, dealers, financial services entities, underwriters, accountants, investment consultants, and providers of legal services. [read post]
17 Dec 2013, 8:18 am by Lauri F. Rasnick
The Covered Entities include financial institutions, investment banking firms, mortgage banking firms, asset management firms, brokers, dealers, financial services entities, underwriters, accountants, investment consultants, and providers of legal services. [read post]
16 Dec 2013, 10:22 am by Ravi S. Nagi
 The Board of Directors of WICO unanimously accepted his application for the top spot, and discussed a six-month transition period for Sprauve. [read post]
12 Dec 2013, 10:50 am by Ritika Singh
 Visit our Events Calendar to learn about upcoming national security events, and check out relevant job openings on our Job Board. [read post]
12 Dec 2013, 8:06 am by Paul Kirgis
The Consumer Financial Products Board has issued preliminary findings from its study of arbitration clauses in consumer financial contracts. [read post]
11 Dec 2013, 9:49 am by David C. Scileppi
Well, I thought that Nasdaq’s stringent interpretation of the rule made little sense and that the burden simply outweighed any limited improvement in corporate governance, especially for community banks where directors often maintain some limited business with the issuer. [read post]
9 Dec 2013, 7:32 am by Jane Chong
Israeli soldiers shot a 15-year-old Palestinian boy in the West Bank on Saturday, reports the AP. [read post]
6 Dec 2013, 3:14 pm
(Jack Ewing, Swiss Voters Decisively Reject a Measure to Put Limits on Executive Pay, New York Times, Nov. 24, 2013).This is the sort of traditional adjustment in the respective rights of shareholders and board members relating to the governance of the corporation that is the stuff of national corporate law and policy. [read post]
6 Dec 2013, 7:37 am by Clara Spera
HuffPo’s Farah Mohamed considers the views of Jessica Lewis, a research director at the Institute for the Study of War. [read post]
4 Dec 2013, 2:37 pm by Chris Jaglowitz
Condo is a home but not a castle. http://t.co/PuP4sKifqo OLRB certifies YCC 77 as a unionized workplace after denying board’s plea for time to meet, deliberate. http://t.co/9WGpHQYMlq #unfair ONSC: Condo gets partial costs of $15K for making reasonable offer to settle unit owner’s needlessly complex case. http://t.co/sEpDCYKJDe ABQB: Mortgage not in default when bank pays condo corp’s chargebacks for fines/costs that aren’t properly lienable.… [read post]
4 Dec 2013, 6:33 am by Broc Romanek
Glasscock recently distinguished the Netspend decision in Bioclinica, rejecting plaintiff's claims against the Bioclinica directors alleging breach of the directors' duties to the stockholders and against the private equity buyer for aiding and abetting the directors. [read post]
And no investor has conducted a proxy solicitation against a large banking organization since Relational Investors waged a proxy battle against the management and board of directors of Sovereign Bancorp in 2005-06. [read post]
2 Dec 2013, 4:30 am by David Jensen
However, directors are feeling squeezed financially and may not be as open to elevating rejected applications as they have been in the past. [read post]
27 Nov 2013, 3:13 am
The auditors recommended that the board be held accountable for approving the loan and named several staff members who should also be held to account. [read post]
22 Nov 2013, 7:25 am by James Hamilton
John Carney (D-DE), H.R. 3448 would  provide for an optional pilot program administered by the SEC allowing certain JOBS Act emerging growth companies with a stock price above $1.00 to increase the tick size at which their stocks are quoted and traded from $.01 to $.05, or, if the company’s board of directors so elects, $.10. [read post]
21 Nov 2013, 1:45 pm by Ronald V. Miller, Jr.
The teachers filed a timely motion to alter/amend the judgment to hold the individual board members liable (because it’s kind of difficult to recover against PRC, an entity that no longer exists and apparently has zero dollars in the bank), but the motion was denied by the trial court. [read post]
21 Nov 2013, 8:30 am by Samantha G. Wilson
FMBI and First Midwest Bank have a nearly identical board of officers and directors; the majority of FMBI’s assets are attributable to First Midwest Bank; both corporations employ the same governance polices [sic] and procedures; both corporations operate from the same location in Illinois. [read post]
ISS Proxy Advisory Services recently recommended that shareholders of a small cap bank holding company, Provident Financial Holdings, Inc., withhold their votes from the three director candidates standing for reelection to the company’s staggered board (all of whom serve on its nominating and governance committee) because the board adopted a bylaw designed to discourage special dissident compensation schemes. [read post]