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15 Dec 2017, 6:13 am
Gregory, Sidley Austin LLP, on Tuesday, December 12, 2017 Tags: Board composition, Board performance, Board turnover, Boards of Directors, Corporate culture, Director qualifications, Diversity, Engagement, General counsel, Institutional Investors, Long-Term value, Management, Risk management, Shareholder activism, Shocks Critical Update Needed: Cybersecurity Expertise in the Boardroom Posted by David F. [read post]
9 Jun 2012, 5:13 am by Russell Beck
David Frank of Massachusetts Lawyers Weekly describes that case (no reported decision) as follows: The defendant salesmen argued that the clause was unenforceable, relying on the CEO’s departure and the company’s possible purchase by another business as a “material change” in employment. * * * [But,] “[t]he prospect of a material change at some indefinite time in the future does not a material change make,” [Judge Garsh] said. [read post]