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13 Nov 2018, 6:38 am
Stock exchange rules and state corporate law often rely on the “independence” of a company’s board of directors as a mechanism for policing potential conflicts of interest that might arise between and among the company’s various constituencies. [read post]
In the press release, Black & Decker stated “[p]ersonal business relationships between individuals (as opposed to relationships with the company) generally are not relevant to the independence tests under the New York Stock Exchange rules because they do not create a material relationship between a director and the company. [read post]
28 Nov 2017, 3:50 am by Andrew Lavoott Bluestone
The Defalco Email does mention stock options in passing, but not in the portion of the email that discusses the tax treatment of stock “received in connection with employment. [read post]
27 Dec 2006, 8:15 am
It said that “a management review discovered irregularities in past stock option grants” and included an apology from its [...] [read post]
23 Apr 2009, 12:30 pm by Yokum
  The Class F common stock protective provision basically provides: As long as any of the Class F common stock is outstanding, consent of the holders of at least 50% of the Class F common stock will be required for any action that (i) alters any provision of the certificate of incorporation or the bylaws if it would adversely alter the rights, preferences, privileges or powers of or restrictions on the Class F common stock; (ii) changes the authorized number… [read post]
1 Mar 2009, 9:58 am
I think four is too many and two of them (from Iqbal v. [read post]