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12 May 2009, 3:43 pm
Here's the decision rule: "the board may approve the stockholder nominees if the board determines in good faith that the election of one or more of the dissident nominees would not be materially adverse to the interests of the corporation or its stockholders. [read post]
21 Sep 2018, 10:12 am by InvestorLawyers
As discussed in a prior blog post, on June 29, 2018, the board of directors of American Finance Trust, Inc. [read post]
4 Oct 2009, 9:24 pm by Mark K. Payne
A director or officer is not liable as such to the nonprofit corporation or its members for any action taken or omitted to be taken as a director or officer, as the case may be, if, in connection with such action or omission, the director or officer performed the duties of the position in compliance with this section. [read post]
1 Jun 2022, 6:36 am by Kevin LaCroix
Here is the author’s article. *************** On May 13, 2022, a judge of the Los Angeles County Superior Court ruled in Crest v. [read post]
22 Oct 2009, 5:00 am
  "If the purpose was the removal of the Three Directors, then those shareholders would have been better served by supporting an alternative slate of directors in the May 2008 election. [read post]
7 Jul 2021, 4:31 am by Tom Kosakowski
"Association Best Practices / Legal RequirementsArticle II: Removed statement of full association mission (which is already in the Articles of Incorporation);Article IV, Section G: Clarifies that Directors do not receive compensation for their service on the Board;Article VI, Section A: Clarifies requirements for meeting notice to match those permitted by the Virginia Nonstock Corporation Act;Article VI, Section C: Reduces the quorum at meetings of the association to 10%… [read post]
18 Nov 2009, 11:41 am by David Jacobson
In Australian Securities and Investments Commission v Rich [2009] NSWSC 1229 Judge Austin decided that ASIC had failed to prove its case against One.Tel director and joint chief executive Jodee Rich and One.Tel's finance director Mark Silbermann. [read post]