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Fairness Standard and Business Judgment Rule

The business judgment rule is a rebuttable, procedural presumption that a corporate director has acted on an informed basis in good faith and in the honest belief that the action taken was in the best interest of the...

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...

Director Committees for NASDAQ-Listed Companies

Required Independent Director Committees for NASDAQ-Listed Companies

Independent directors must make up the majority of the board of directors of every company listed on the NASDAQ Stock Exchange. In...

Securities Law

An Outline of Federal Securities Laws

Two laws enacted in response to the 1929 stock market crash - the Securities Act of 1933 and the Securities Exchange Act of 1934 - remain the principal federal 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.

Corporate Director Responsibilities

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