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Author: William E. Knepper
Publisher: MICHIE
ISBN:
Category : Business & Economics
Languages : en
Pages : 324
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Book Description
This book discusses how directors and officers can limit and protect against personal liability for corporate acts. Conflict of interest, class actions, liability of third persons, SEC regulatory actions, indemnification and contribution, and other relevant issues are addressed in the work.
Author: William E. Knepper
Publisher: MICHIE
ISBN:
Category : Business & Economics
Languages : en
Pages : 324
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Book Description
This book discusses how directors and officers can limit and protect against personal liability for corporate acts. Conflict of interest, class actions, liability of third persons, SEC regulatory actions, indemnification and contribution, and other relevant issues are addressed in the work.
Author: Okechukwu Dominic Nwankwo
Publisher:
ISBN: 9783668318106
Category :
Languages : en
Pages : 84
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Book Description
Project Report from the year 2016 in the subject Business economics - Business Management, Corporate Governance, course: LAW, language: English, abstract: This is a research work on the "roles of the organs and officers of an incorporated company." In it, the organs are identified as the General Meeting (shareholders), and the Board of Directors, while the officers are identified as the directors, secretary, auditor, legal adviser. The company's organs take the key critical resolutions cum decisions that sway the company for better or worse. And these resolutions cum decision are implemented through corporate management or governance by the officers of the company. As legal personality, the company has a separate existence from the founders. Yet it is operated by human beings. The company functions through its Memorandum and Articles of Association, which can be altered through resolution passed by the majority of the company members at the General Meeting. Similarly, the company's performance is also regulated by other statutory law, for example the Companies and Allied Matters Act, otherwise known as CAMA. Most of the company's officers are appointed by the Board of Directors. However, this is subject to confirmation at the General Meeting. Consequently, as a going concern/business, the company is prosperous when there is a healthy relationship between the organs, and officers, and particularly between the General Meeting (Shareholders), and the Board of Directors. Though the General Meeting works by the resolutions passed by the majority members, yet there are exceptions to this when the court enforces an individual member(s) action against the majority's decisions. This is an exception to the rule in Foss V Harbottle. The aim is to check fraud and ultra vires activities in the company. To be valid, an officer's acts shall be done in good faith, diligently, and with care; and the company shall hold the officer liable for such acts. Essentially, the common
Author: Research and Documentation Corporation
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 286
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Book Description
Author: Marc J. Lane
Publisher: Aspen Law & Business
ISBN: 9780735550964
Category : Business & Economics
Languages : en
Pages : 500
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Book Description
Thanks To The numerous recent corporate and accounting scandals, corporate officers and directors now face a host of new problems ranging from a blizzard of new legislation, rules, and responsibilities, To increased SEC oversight, new NYSE and NASDAQ listing standards, new fiduciary and other duties, and crushing new criminal penalties. Representing Corporate Officers & Directors tells you what to look for ... what to look out for ... And what steps to take to protect your corporate clients in today's harsh regulatory environment. This unique new guide helps you to: Keep on top of the avalanche of legislation, rules, regulations, and case decisions affecting corporate officers and directors Strengthen corporate defenses: bylaws, procedures, insurance coverage, and more Limit officer/director exposure to liability Avoid costly fines and criminal penalties and anticipate and counter shareholder claims in addition, this comprehensive guide helps you to: Determine what types of officer and director liability are limited by the corporation's state of incorporation Add or strengthen indemnity clauses to corporate bylaws Weigh the premium costs of new or increased coverage against expected benefits Review limitations on the tax deductibility of self-insured indemnity payments Prepare officers and directors to avoid the dangers of conflict of interest, taking corporate opportunities, and receiving unreasonable compensation or other illegal payments and closely analyze the applicable laws, court decisions, and regulations, such as Section 11 of the Securities Act of 1933, if a securities offering is planned Protect your officers and directors with the most comprehensive, up-to-date, and instantly useful guide in its field -- an invaluable resource for every attorney with corporate officer and director clients.
Author: Inland Waterways Corporation
Publisher:
ISBN:
Category :
Languages : en
Pages : 52
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Book Description
Author: Miklos S. Nicolson
Publisher: Business & Professional Division
ISBN:
Category : Business & Economics
Languages : en
Pages : 364
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Book Description
Author: William James Grange
Publisher:
ISBN:
Category : Corporation law
Languages : en
Pages : 944
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Book Description
Author: Stephen A. Radin
Publisher:
ISBN:
Category : Business judgment rule
Languages : en
Pages : 5872
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Book Description
Author: Mortimer Feuer
Publisher: Prentice Hall
ISBN:
Category : Law
Languages : en
Pages : 248
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Book Description
Author: William E. Knepper
Publisher: Lexis Law Publishing (Va)
ISBN:
Category : Directors of corporations
Languages : en
Pages : 500
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Book Description
This reference offers information needed to avoid legal action. it provides in-depth-analysis of all aspects of director and officer liability, indemnification, D & O liability insurance and insurance alternatives. It directs the reader to hundreds of important court decisions and statutes, and includes D & O policy forms and specimen documents, and checklists.
