Newsletters

Directors' Ignorance of Corporate Affairs

To carry out fully their duties and responsibilities to shareholders and the corporation, directors must be reasonably familiar with the workings of the corporation and have a general knowledge of how the corporation conducts its business. Directors are not expected to have superior knowledge about all business and financial aspects of the corporation, but they are assumed to have competent knowledge of the duties they have taken on when named to the board.

Mergers

Disclosure and Shareholder Approval Requirements for Stock Options During Mergers

Tracking or Targeted Stocks

In addition to common stock, companies may issue what is known as tracking or targeted stock. For example, a large automaker that acquired a company in the computer industry issued a tracking stock that tracked the performance of the acquired company once it began operating as a division of the automaker.

Mutual Fund Prospectus Comparable Information Requirements

(Mutual Fund Prospectus Comparable Information Requirements)

Discrimination Complaints under the Clean Air Act

Protection for whistleblowers under the Clean Air Act