Fairness Standard and Business Judgment Rule

FAIRNESS STANDARD FOR DIRECTORS

Bonds

Bonds are debt securities issued by governments, corporations, and other entities. In return for the loan of money to the issuer represented by the bond, the issuer promises to pay a set rate of interest over the life of the bond and then pay back the principal or face value of the bond to the investor when the bond matures or becomes due.

Director Committees for NASDAQ-Listed Companies

Required Independent Director Committees for NASDAQ-Listed Companies

Securities Law

(An Outline of Federal Securities Laws)

Responsibilities of Corporate Directors and Officers

Boards of directors and officers of corporations have distinct functions. Generally, directors set corporate policy while officers carry out that policy.