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https://quizlet.com/270197970/ch-40-corporate-directors-and-officers-flash-cards/
(1) the board of directors is deadlocked, or corporate affairs are otherwise being mismanaged, such that irreparable injury to the corporation is occurring or threatened; (2) the directors or those in control of the corporation are acting illegally, fraudulently, or oppressively; (3) corporate assets are being misapplied or wasted; or
https://quizlet.com/81786133/corporate-directors-officers-and-shareholders-flash-cards/
Corp director or officer will not be liable to the corp or to its shareholders for honest mistakes of judgment and bad business decisions. WILL APPLY AS LONG AS: 1. Director took reasonable steps to become informed about the matter 2. He or she had a rational basis for the decision 3. There was no conflict of interest and that of the corporation.
https://quizlet.com/133984986/corporate-directors-officers-and-shareholders-flash-cards/
A. Directors are entitled to: 1. Participate in board meetings and receive reasonable notice of board meetings, 2. Vote on corporate matters; 3. Inspect corporate books and records; 4. Indemnification from corporation for legal fees and expenses incurred defending claims and if judgment entered against them.
https://quizlet.com/198686510/corporate-directors-officers-and-shareholders-flash-cards/
requires a director or officer to act in good faith (honestly) and to exercise the care that an ordinary prudent person would excretes in similar circumstances Directors and officers are expected to be informed on corporate matters and to conduct a reasonable investigation of the relevant situation before making a decision?
https://quizlet.com/118882621/business-law-corporate-directors-officers-flash-cards/
Directors and officers may not: 1. compete with the corporation, or otherwise usurp a corporate opportunity 2. have a conflict 3. engage in insider training 4. authorize corporate transaction detrimental to minority shareholders without their approval 5. use corporate funds or confidential information for their own personal gain 6. engage in ...
https://quizlet.com/16484111/ch-30-corporate-directors-officers-and-shareholders-flash-cards/
Start studying Ch 30: Corporate Directors, Officers, and Shareholders. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
https://quizlet.com/187699486/chapter-40-corporate-directors-officers-and-shareholders-flash-cards/
1) Took reasonable steps to become informed. 2) Had a rational basis for their decision. 3) Did not have a conflict of interest. Duty of Loyalty. Directors and officers must subordinate their personal interests to the welfare of the corporation. - Must make a full disclosure of any potential conflicts of interest.
https://quizlet.com/de/484521707/arbeitsrechte-und-pflichten-flash-cards/
Wo sind die Rechte und Pflichten des Arbeitnehmers und Arbeitgebers aus dem Arbeitsvertrages zu finden? In verschiedenen Gesetzen wie: - Bürgerliches Gesetzbuch (BGB)
https://turnertankers.org/befugnisse-und-pflichten-der-corporation-directors-officers/
Wahl und Amtszeit des Verwaltungsrats. Die Statuten sehen grundsätzlich vor, dass ein Verwaltungsrat aus einer oder mehreren Personen bestehen kann. Die Anzahl der Direktoren, die das Unternehmen haben wird, oder eine minimale und maximale Anzahl von Direktoren, die das Unternehmen haben kann, sind in der Satzung oder Satzung festgelegt.
https://usa-recht.de/2010/02/18/usa-und-die-haftung-von-directors-officers-eine-aktuelle-diskussion/
The Delaware General Assembly did not expand the personal liability of directors and officers for fiduciary violations by narrowing the robust statutory protections afforded to directors under section 102(b)(7) of the Delaware General Corporation Law (the DGCL), which protects directors from personal liability for money damages for violations ...
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