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 As a general rule, drivers’ licenses and MVRs should be checked only for employees who will drive a company vehicle or a personal vehicle as part of their job duties. [read post]
Exceptions may apply, including for stock repurchases: occurring in connection with certain non-taxable corporate reorganizations; by regulated investment companies and real estate investment trusts; not exceeding $1 million in aggregate during the taxable year; and to the extent treated as a dividend. [read post]
15 Aug 2022, 1:58 pm by Steve Bainbridge
While these figures are likely higher among Fortune 100 companies than public companies as a whole, this increase between 2020 and 2021 reflects a trend toward greater board committee oversight of ESG matters occurring more generally among U.S. public companies. [read post]
Specifically, the ANPR defines “commercial surveillance” as “the collection, aggregation, analysis, retention, transfer, or monetization of consumer data and the direct derivatives of that information … [including] both information that consumers actively provide…as well as personal identifiers and other information that companies collect, for example, when a consumer casually browses the web or opens an app. [read post]
14 Aug 2022, 3:45 am by Bill Mooz
Companies will look to remove friction from their businesses by aligning their contract terms (and negotiating practices) with market, with some companies offering better-than-market terms in an effort to achieve competitive advantage. [read post]
12 Aug 2022, 4:00 am by Jim Sedor
DaVita Helped Craft New Bill to Fix ‘Loophole’ Left by Supreme Court Ruling, Documents Show Yahoo News – Megan Wilson (Politico) | Published: 8/9/2022 Roughly two months after dialysis company DaVita lost a Supreme Court case involving insurance coverage for its services, Congress introduced bipartisan legislation that would be a boon for dialysis providers. [read post]
10 Aug 2022, 8:56 am by Holly Brezee
Finally, Denise’s errors and omissions insurance company notified Denise that any claims related to undisclosed failures to clear rights would be exempt from insurance coverage. [read post]
8 Aug 2022, 9:01 pm by Theodore N. Mirvis
An illustrative form of charter provision is set forth below; companies with existing director only provisions may want to consider tailored officer-specific exculpation clauses that are separate and apart from the director liability provisions: No director or officer of the Company shall be liable to the Company or its stockholders for monetary damages for breach of fiduciary duty as a director or officer, as applicable, except to the extent such an exemption from… [read post]
7 Aug 2022, 11:47 am by Bill Henderson
  Also distinguishable is Henry Kravis (#304 on the Forbes list) of KKR, who made his fortune in private equity, which is the buying and selling of public and private companies, typically with heavy reliance on debt. [read post]
The same was true for the liability insurance which included [management company] as an additional insured. [read post]
4 Aug 2022, 6:15 am by Swor & Gatto
In the case of accidents involving deer or other wild animals, there is no specific owner, so the driver who hit the animal will likely have to go through their own insurance company to make a claim. [read post]
The EU has also recently released a draft Directive on Corporate Sustainability Due Diligence (“Due Diligence Directive”) that would require EU Member States to adopt implementing legislation requiring in-scope companies (including non-EU companies with significant EU revenues) to both identify and (where relevant) prevent, end and/or mitigate adverse impacts of their operations and activities (extending to their subsidiaries and global value chains)… [read post]
2 Aug 2022, 6:15 am
This effort is directed at protecting vulnerable residents and the health care professionals who care for them and cracking down on bad actors. [read post]
1 Aug 2022, 11:52 am by Lorelie S. Masters and Jorge R. Aviles
An oft-seen version of the insuring agreement in Commercial General Liability (CGL) policies provides that the insurance company will pay for “any and all sums” the policyholder is “legally obligated to pay” for liabilities “imposed by law” or “assumed under contract. [read post]
31 Jul 2022, 5:25 am by Kevin LaCroix
The company operates two nuclear power generation facilities that are expensive to maintain. [read post]
26 Jul 2022, 9:01 pm by William A. Birdthistle
For those of us unaccustomed to communicating in five-letter acronyms, those are the London Inter-Bank Offered Rate and the second Markets in Financial Instruments Directive, both international developments with material relevance to the U.S. economy. [read post]
26 Jul 2022, 2:53 pm by Kevin LaCroix
It began with a US direct sales entrepreneur, who wanted compromising material against a business rival amid a flurry of lawsuits. [read post]
20 Jul 2022, 4:33 am by Rob Robinson
In her role, Anya works on developing and implementing the strategic direction of Cyber Incident Response. [read post]
20 Jul 2022, 3:00 am by John Jenkins
This ruling follows the general trend nationally in which courts have rejected claims by insureds for business interruption losses incurred due to government orders related to the spread of COVID-19. [read post]