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5 Mar 2024, 6:05 am by Above the Law
[Dorf on Law] * New trend: board directors resigning and throwing public fits over "wokeness" to bolster their profile. [read post]
5 Mar 2024, 3:15 am by Meredith Ervine
When that director says they are ready to rejoin the board, the nominating committee must evaluate the board’s needs at that time. [read post]
5 Mar 2024, 3:00 am by Meredith Ervine
Instead, the problem in this case was that it was coupled a recommendation requirement compelling the board to support the designated candidate no matter what: “The Designation Right does not violate Section 141(a) because it only permits Moelis to identify a number of candidates for director equal to a majority of the Board. [read post]
4 Mar 2024, 11:48 pm by Mary Anne Peck
Musk reportedly tried to take control of OpenAI and turn it into a for-profit company himself in 2017, and he stepped down from the company’s board after that effort failed. [read post]
4 Mar 2024, 9:05 pm by renholding
Horwitz, the David Sanders Professor of Law and Medicine and the founding faculty director of the Lowell Milken Center for Philanthropy and Nonprofits at UCLA School of Law. [read post]
4 Mar 2024, 10:59 am by Thorin Klosowski
But the more people we bring on board, the better it is for everyone. [read post]
4 Mar 2024, 6:30 am
In re Sears Hometown and Outlet Stores Stockholder Litigation (Jan. 24, 2024), the Delaware Court of Chancery, in an important, post-trial opinion, for the first time clearly set forth the fiduciary duties and standard of review applicable when a controller uses its stockholder-level voting power to block action that the company’s board of directors has determined to be in the company’s best interest. [read post]
4 Mar 2024, 6:30 am
In re Sears Hometown and Outlet Stores Stockholder Litigation (Jan. 24, 2024), the Delaware Court of Chancery, in an important, post-trial opinion, for the first time clearly set forth the fiduciary duties and standard of review applicable when a controller uses its stockholder-level voting power to block action that the company’s board of directors has determined to be in the company’s best interest. [read post]
4 Mar 2024, 4:50 am by Tom Kosakowski
Department of Education for Recognition of Ombuds; IOA Announces 2023 Board of Directors Election Result; Northwestern University Ombuds Provides First Report; Campus Newspaper Reveals Ombuds Casework at Northwestern; Illinois State Legislator Introduces Bill to Mandate Ombuds for College Athletes. [read post]
4 Mar 2024, 1:19 am by INFORRM
Last Week in the Courts On 26 February 2024, judgment on meaning was handed down in Hinds v British Boxing Board of Control Ltd [2024] EWHC 380 (KB). [read post]
4 Mar 2024, 12:15 am
Section 1101(a) specifically requires that the Board of Directors "approve" an "agreement of merger". [read post]
3 Mar 2024, 9:01 pm by renholding
  Plaintiffs challenged the transaction on the grounds that the directors and beneficial owner of the majority voting power of both entities, Gregory B. [read post]
3 Mar 2024, 6:01 am by Stephanie Bowman
Another option is they could be appointed by the board of directors to serve on the association’s budget and finance committee, which is responsible for negotiating and presenting prospective annual budgets to the treasurer and board of directors. . . [read post]
3 Mar 2024, 12:05 am by Paul Caron
This week's list of the Top 5 Recent Tax Paper Downloads is the same as last week's list. [644 Downloads] The Myths and Truths of Extraterritorial Taxation, by Laura Snyder (President, Stop Extraterritorial American Taxation (SEAT); Board of Directors, Association of Americans Resident Overseas (AARO)) [351 Downloads] Pillar 2: QDMTT... [read post]
1 Mar 2024, 9:49 am by Cerri, Boskovich & Allard, LLP
The SFUSD board of trustees approved the settlement amount following agreements between the insurance carriers, the survivors, and the district. [read post]
1 Mar 2024, 6:30 am
Proxy Voting Guidelines Posted by Daniel Chang and Rajeev Kumar, Georgeson LLC, on Thursday, February 29, 2024 Tags: Board composition, board diversity, Climate Disclosure, Diversity, Proxy voting, Shareholder proposals, Sustainability Trends in S&P 500 Board of Director Compensation Posted by Linda Pappas, Christine Skizas, and Olivia Wakefield, Pay Governance LLC, on Thursday, February 29, 2024 Tags: Board of Directors,… [read post]
1 Mar 2024, 6:30 am
Proxy Voting Guidelines Posted by Daniel Chang and Rajeev Kumar, Georgeson LLC, on Thursday, February 29, 2024 Tags: Board composition, board diversity, Climate Disclosure, Diversity, Proxy voting, Shareholder proposals, Sustainability Trends in S&P 500 Board of Director Compensation Posted by Linda Pappas, Christine Skizas, and Olivia Wakefield, Pay Governance LLC, on Thursday, February 29, 2024 Tags: Board of Directors,… [read post]