Search for: "BANK BOARD OF DIRECTORS"
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31 Mar 2020, 4:31 am
No authorisation is required if the lender is a local bank. [read post]
30 Mar 2020, 9:19 am
What are the terms of the loan (initial deferment, repayment term, interest rate, collateral, personal guaranty, bank fees)? [read post]
30 Mar 2020, 3:03 am
Importance of Board Culture An opinion piece in Bank Director discusses board culture and how it’s often an underappreciated factor in determining board effectiveness. [read post]
27 Mar 2020, 7:52 am
— The Associated Press Tougher ID requirements for domestic flights postponed to 2021 — If you don’t already have a REAL ID-compliant drivers license or ID, you have an additional year to get one before you probably need it to board a domestic flight. [read post]
27 Mar 2020, 7:00 am
The powers of that entity are governed by its original incorporation documents, and its board of directors is the offshore board of directors. [read post]
26 Mar 2020, 9:05 pm
This announcement expands on the Board’s promise last week to purchase $700 million in securities. [read post]
26 Mar 2020, 9:48 am
§ 120.101. [11] The lender must have an existing banking relationship with the provider/applicant as of the date of the applicable disaster. [read post]
25 Mar 2020, 1:27 pm
., common offices, common record keeping, shared bank accounts and equipment; Common management, common directors and boards; Centralized control of labor relations and personnel, i.e., hire and fire employees; and, Common ownership and financial control. [read post]
24 Mar 2020, 3:49 pm
The Board will also continue to meet and vote on pending items remotely. [read post]
24 Mar 2020, 12:30 pm
Importantly for a parent company the controls an ILC that is exempt from the Bank Holding Company Act (BHCA) definition of a “bank,” such parent company will not be subject to restrictions in the BHCA and Federal Reserve Board Regulation Y on nonbanking activities imposed on a bank holding company or a financial holding company. [read post]
23 Mar 2020, 7:58 am
Directors should assess all aspects of the company’s business, seek input from legal and financial advisers where helpful, hold Board meetings as often as needed, follow good corporate process, and continue to avoid conflicts of interest. [read post]
23 Mar 2020, 3:00 am
The article notes that so far, banks have been accommodating these draw downs with help from the Federal Reserve, which has opened the liquidity spigots – and it says that so long as the Fed continues to provide funding, the banks are likely to continue to lend. [read post]
21 Mar 2020, 6:58 am
As the world reacts to the COVID-19 pandemic, directors on corporate boards play a vital role in navigating the path forward. [read post]
Getting to 500 – employer considerations for meeting the head count exemption threshold in H.R. 6201
20 Mar 2020, 1:49 pm
To determine whether multiple separate but related entities constitute a “single integrated employer,” courts generally consider the following four factors: Interrelation of operations (for example, common offices, common record keeping, shared bank accounts, and equipment); Common management, common directors, and common boards; Centralized control of labor relations and personnel (for example, sharing policies, practices, and procedures regarding hiring,… [read post]
20 Mar 2020, 6:17 am
Liekefett and Derek Zaba, Sidley Austin LLP, on Saturday, March 14, 2020 Tags: Boards of Directors, Proxy contests, Proxy season, Risk, Shareholder activism, Shareholder voting The Impact of Coronavirus Fears on Annual Shareholder Meetings Posted by Chris Rushton, Jeff Jackson, and Marie Römer, Glass, Lewis & Co., on Saturday, March 14, 2020 Tags: Asia, Boards of… [read post]
19 Mar 2020, 1:46 pm
Finally, DFS closed each letter by reminding the boards of directors and senior management of the regulated insurance entities that they are responsible for ensuring that they have adequate plans to respond to the COVID-19 crisis and to communicate those plans to their employees, customers, and vendors. [read post]
19 Mar 2020, 12:00 pm
Experts included Amy Heller, Executive Vice President of Healthcare Lending at Congressional Bank; David Campbell, Managing Director at Getzler Henrich & Associates LLC; Andrew Turnbull, Managing Director at Houlihan Locky; and Brian Swett, Partner at McGuireWoods, LLP. [read post]
17 Mar 2020, 1:37 pm
The complaint seeks compensatory damages for the harm allegedly caused to the company by the transaction; disgorgement of compensation paid to Bayer Supervisory Board members and managers as well as fees paid to the investment banks and law firms; and punitive damages from the banks and three top Bayer insiders. [read post]
17 Mar 2020, 3:03 am
To not over-burden management by holding one-on-one director briefings, the blog cites the head of KPMG’s Board Leadership as suggesting independent chairs and lead directors interface with management and then brief directors. [read post]
16 Mar 2020, 2:03 am
This criticism has led some investors to vote against directors at companies that hold a virtual-only shareholder meeting. [read post]