Business Law
| Securities Act of 1933 |
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| The Securities Act of 1933, enacted in response to the stock market crash of 1929, has been referred to as the "truth in securities" law. The Securities Act generally requires that companies selling their stock to the public must provide investors with full disclosure of material facts. More... |
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| Reliance on Committee Reports |
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| Corporation codes in all states allow the corporate board of directors to appoint committees comprised of directors and to delegate board powers to the committees. Appointment powers are usually addressed in the corporation's articles of incorporation or bylaws, which specify the formalities for appointing a committee. Each state's corporation code must be consulted to determine if certain powers are nondelegable. More... |
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| Duty of Care |
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| A corporate director has the duty to act in good faith in pursuit of the company's best interests and to use the care that an ordinary prudent person in a like position would use under similar circumstances. The Model Business Corporation Act implies that corporate officers have an even higher duty of care because they are intimately familiar with and knowledgeable about the corporation's activities and have better access to corporate information than directors have. Most jurisdictions recognize that high-ranking corporate officers have a fiduciary relationship with the corporation.
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| Business Conduct Codes |
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| Business Conduct Codes for New York Stock Exchange and Nasdaq Listed Companies More... |
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| Business & Corporate Entities> Corporations> Shareholders & Other Constituents> Meetings & Voting |
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| (Preparations for the Annual Shareholder Meeting) More... |
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