| Protection for Toxic Substances Control Act Whistleblowers |
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| Protection for Toxic Substances Control Act Whistleblowers
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| Corporate Loans to Directors and Officers |
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| At common law, a corporation's surplus funds could lawfully be loaned to directors and officers of the corporation unless the loan was fundamentally unfair to the shareholders, concealed from the shareholders, or fraudulent. The circumstances under which a corporation may permissibly make loans to directors and officers are now largely governed by statute. The permissibility of such loans varies from state to state. Most jurisdictions have adopted some version of the Revised Model Business Corporation Act (Act). Under the Act, a corporation generally cannot make a personal loan to an officer or a director unless the loan has been approved (or subsequently ratified) by a majority of the shareholders. If an approved loan is challenged, judicial review is often focused on whether the loan was fair overall to the corporation and its shareholders. More... |
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| Independent Director Audit Committee Requirements for New York Stock Exchange Companies |
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| Independent directors must make up the majority of the board of directors of a company listed on the New York Stock Exchange. In addition, listed companies must have several committees made up entirely of independent directors, including the Audit Committee. More... |
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| Discrimination Complaints under the Clean Air Act |
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| Protection for whistleblowers under the Clean Air Act More... |
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| Securities Law> Exemptions From Registration> Exempted Transactions |
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| (The Private Offering Exemption From SEC Registration Requirements) More... |
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