AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Close
Create a link to this page
Copy and paste this link tag into your Web page or blog:
<a href="http://www.accessmylibrary.com/coms2/summary_0286-29012521_ITM" title="Facts and information about Recent developments in director liability.(REQUIRED READING)(Directors' and officers' liability insurance)">Recent developments in director liability.(REQUIRED READING)(Directors' and officers' liability insurance)</a>
Close
Set up an RSS feed that alerts you when new articles from Business Credit are available.
Frequently asked questions about RSS feeds
Recent developments in director liability.(REQUIRED READING)(Directors' and officers' liability insurance)
The last two years have seen significant developments regarding director liability in shareholder lawsuits. Two notable developments have been the erosion of the protection provided by so-called "exculpation" clauses that many corporations include in their charters, and recent settlements requiring directors to pay amounts from their personal funds without indemnification by the company or proceeds from directors and officers liability insurance.
Exculpation Clauses
Beginning in the mid-1980s, many states added provisions to their corporate taws permitting corporations to include in their charters a provision that directors will not be liable to the ...
Related articles from newspapers, magazines, journals, and more
For more facts and information, see all results
- Liability of Creditors' Committee members.
- Magazine article from: Business Credit Nathan, Bruce S. October 1, 1996 700+ words
...reorganization. This position gives committee members significant leverage in Chapter 11...Duties, High Standards However, committee members are not free to act as they choose...owe creditors a fiduciary duty. Committee members are expected to be honest, loyal...
- Stoughton parents file petition to recall School Committee members
- Newspaper article from: The Boston Globe Jordana Hart, Globe Staff July 14, 1994 700+ words
...signatures to force a recall of School Committee members later this summer, the second such...a recall petition, charging that committee members have ignored them and are too closely...election for Aug. 30. Four of the five committee members could be ousted in the election...
- Know your way: clarifying responsibilities of audit committee...
- Magazine article from: California CPA Tate, David W. May 1, 2008 700+ words
...board of directors must appoint...committee. Committee members may include...that audit committee members cannot receive...nonprofit audit committee members and other nonprofit directors. Those standards...codifying a director's entitlement...
- Sun Microsystems announces Executive Committee members for forthcoming Java...
- Press release article from: M2 Presswire June 2, 2000 700+ words
...Microsystems announces Executive Committee members for forthcoming Java community...program 2.0; Executive Committee members to oversee evolution of the...JCP program's Executive Committee members, the future of Java technology...
- Metro Rail committee members get OK to bid on work. (Hollywood Metro Rail...
- Magazine article from: Los Angeles Business Journal Rackham, Anne November 15, 1993 700+ words
...a matter of time before committee members and their companies start...mitigation fund projects. Even committee members said they now feel free...possibility of future conflicts if committee members were both bidding on contracts...
- What to ask about compensation. (corporate compensation committee members)...
- Magazine article from: Directors & Boards Meuter, Fred, Jr. January 1, 1995 700+ words
For compensation committee members, here are the key questions for...is an identified group of company directors who are responsible for the overall...raised and answered in order for all committee members, not just new ones, to determine...
- Audit Committee Members Heighten Focus on Sarbanes-Oxley 404...
- Press release article from: PR Newswire November 22, 2004 700+ words
...over 200 financial services audit committee members by PricewaterhouseCoopers LLP, their...New York, November 11-12, audit committee members were polled on the most pressing...Sarbanes- Oxley, the majority of audit committee members' time is spent on regulatory compliance...
- FDA COMMITTEE MEMBERS VOTE TO LET VIOXX RETURN TO MARKET.(food drug and...
- Magazine article from: BIOWORLD Today Lorenzo, Aaron February 22, 2005 700+ words
...warnings. "[The committee members] all seem to...Jenkins, the director of the FDA...narrow margin of committee members who felt that...s medical director and a member...University. Other committee members disagreed with...
