• Biz Law Final Exam Review
    -dealing by a director of a corporation can best be described as: Answer Rationale: Directors do have duties to the corporation. The good business judgment rule deals primarily with third parties outside the corporation. The duty of notification is not an issue of self-dealing. Topic...
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  • Law 531 Final Exam
    independent analysis of the CPAТs report. In these circumstances, the board i   11) Self-dealing by a director of a corporation can best be described as   12) Which of the following is likely to be a breach of a corporate officerТs or directorТs duty of care?   13) In what ways may officers...
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  • LAW 531 Final Exam
    . violating a duty of loyalty B. violating a duty to exercise due care C. violating the business judgment rule D. not violating any duty 11) Self-dealing by a director of a corporation can best be described as A. A breach of a director's duty of notification B. A breach of a...
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  • Lifting the Veil
    transaction, representing both the corporation and another person or entity who is involved in the transaction. Self-dealing may endanger a corporation because the corporation may be treated unfairly. If a transaction is questioned, the director bears the burden of proving that it was in fact...
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  • Review, explain and compare the legal aspects of Directors’ duties in the context of M&A activities with reference to English and U.S (federal and state levels as appropriate) Laws.
    the corporation demands that there shall be no conflict between duty and self-interest.” Decisions taken by the board should be based on the corporate merits of the matter before them. Directors are to refrain from acts of self-dealing or putting themselves in a position where they have material...
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  • Exam
    -dealing by a director of a corporation can best be described as * A breach of a director’s duty of care * There was no breach of duty * A breach of the Business Judgment Rule * A breach of a director's duty of notification 17. If an LLC fails to follow formalities such as keeping...
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  • Final Questionaire
    | A.  violating a duty of loyalty | | B.  violating a duty to exercise due care | | C.  violating the business judgment rule | | D.  not violating any duty | | 11) Self-dealing by a director of a corporation can best be described as | A.  A breach of a director's duty of...
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  • Corporate Governance
    a fiduciary relationship to a corporation to take only those actions that are within the best interests of the corporation, and not in the fiduciary’s own interest.55 Engaging in self-dealing, misappropriating corporate assets or opportunities, having conflicts of interest, or otherwise profiting...
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  • kioto
    control over Koito, Toyota can benefit by deciding to maintain the prices at a lower artificial level making the other shareholders worse off. 27 A self dealing transaction  A self-dealing transaction occurs when there is a same company or a director on both sides of the transaction...
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  • LAW 531 Final Exam / 100% correct answers
    . not violating any duty 11) Self-dealing by a director of a corporation can best be described as A. A breach of a director's duty of notification B. A breach of a director’s duty of care C. A breach of the Business Judgment Rule D. There was no breach of duty 12) Which of...
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  • Essay on Company Law
    1974, just stated that the company shall be managed by the board of directors. It was in the Model Business Corporation Act, in what Robert Clark described as a ―display of the super-caution that is the hallmark of practising corporate lawyers‖, that the words ―under the direction‖ were added to the...
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  • Corporate Characteristics Proposal
    dealing with anything legally it stands for its own self. There is no lawyer or any other officials hired. Limited liability of stockholders, it is meant that whatever dollar the corporation put into a business is the exact dollar amount that the corporation will lose, if the business is not...
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  • Corporate Governance
    , corporate governance can be described as the proper procedure on how the "government" of a company (the managers and board of directors), should be responsible to their "voters" (the shareholders, creditors and investors). Corporate governance emphasized on the transparency of decision making process...
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  • course notes
    sell something to a corporation you are a director for May be self-dealing issue, and if creditor funds used, may be liable C. To the Corporation: A Fiduciary duty is owed the corporation May be issues of Self Dealing (discussed infra) Old Dominion Case: F: Promoters took their land, and sold it...
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  • Bus Org
    to be in the best interests of the company. The different burden imposed for the duty of loyalty statute in IA requires that the director challenged in a self-dealing suit to carry the burden of establishing his good faith, honesty and fairness. Corporate profitability should not be the sole...
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  • Sem 4 Assignment 2
    best interests of the company. Under section 181(1)(a), a director or other officer are required to exercise their powers and discharge their duties in good faith and in the best interests of the corporation. The good faith aspect of both the fiduciary and statutory duties requires directors to...
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  • By Laws
    the Board of Directors shall determine. Section 4 - Private foundation Requirements and Restrictions In any taxable year in which Living Waters Family Worship Center Inc. becomes a private foundation as described in Section 509 (a) of the Internal Revenue Code, the corporation: A) Shall...
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  • Value Chain
    unique psychology, we should be in interested in those who assumed leadership of ongoing businesses. To some extent it can be described that the finance departments are the best place to train future CEOs, but, in my opinion, there are other areas where a CEO could better grow such as HR and...
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  • Corporate Management- Directors' Duties
    egregious forms of personal aggrandizement and self dealing. Faced with a challenge from shareholders that the adoption of certain defensive mechanisms in response to hostile takeovers, directors can aver that they were acting in the interest of employees or creditors to prevent a raider from...
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  • COMPARATIVE CORPORATE GOVERNANCE
    comments were made by Lord Upjohn in Phipps v Boardman”.16 Directors must not permit their personal interests to conflict with their duty to the company. This self-dealing rule prohibits a director from acting where his personal interests conflict with his duties. A director's main aim should be to...
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