Government plans to jail cowboy bosses
- Targets of lawsuits. Sills, Stephen; Rosen, Mark I. // NACD Directorship;Mar1996, Vol. 22 Issue 3, p10
Reports on the findings of the survey conducted by Louis Harris and Associates on lawsuits filed against corporate directors in the United States in 1995. Comparison between the findings of the 1995 and the 1992 surveys; Percentage of corporations covered by directors' and officers' (D&O)...
- D&O lawsuit costs reach new high. Dauer, Christopher // National Underwriter / Property & Casualty Risk & Benefits Manag;3/20/95, Vol. 99 Issue 12, p3
Cites Wyatt Co.'s survey revealing that the cost of lawsuits against corporate directors and officers for alleged mismanagement has reached the highest level ever. Legislative initiatives designed to reduce those costs; Significance of the passage of the Common Sense Legal Reforms Act of 1995.
- Indemnification of directors in actions brought directly by the corporation: Must the corporation... Mazur, Diane H. // Journal of Corporation Law;Winter94, Vol. 19 Issue 2, p201
Discusses the indemnification of directors in actions brought directly by the corporation. Development of indemnification rights; Protection of directors from direct suits; Outline of public policy limitations on indemnification; Discussion on how corporations can avoid an unintentional...
- Approval by disinterested directors. Davis Jr., Kenneth B. // Journal of Corporation Law;Winter95, Vol. 20 Issue 2, p215
Traces the impact of the widespread adoption of interested-director statutes on the rules governing action by the corporation's board of directors in the United States. Disqualification of interested directors; Requirements for disinterested-director approval; Tensions between the requirements...
- Undischarged bankrupt. // Accountancy;Sep95, Vol. 116 Issue 1225, p79
Answers a questions on whether a person can retain his position as a director of a company in Great Britain even if he is an undischarged bankrupt. Classification of the position as an offense under Section 11 of the 1986 Company Directors Disqualification Act; Criminal penalties for the offense.
- Disqualifying directors without going to court. // Cabinet Maker;04/20/2001, Issue 5234, p8
Discusses the disqualification process against corporate directors under Great Britain's Insolvency Act 2000.
- Clipping the wings of phoenix firms. Fullwood, Louise // Director;Jun96, Vol. 49 Issue 11, p38
Reports that directors in Great Britain who wind up a failed business and start a similar enterprise with slight change of name must obtain leave of court before setting up a phoenix company. Court ruling in the case Penrose vs. Official Receiver; Rejection of the leave application of the...
- Insolvency Act 1986 – wrongful trading. // Accountancy;Oct86, Vol. 98 Issue 1118, p48
Reports on the provisions of a section of the Insolvency Act of 1986 in Great Britain states which defines the scope of a director's personal liability for the debts of a company, due to involvement in wrongful trading.
- Being on a board of a foreign subsidiary. Blassberg, Franci J. // Directors & Boards;Winter97, Vol. 21 Issue 2, p24
Comments on problems involved when a corporate director or officer of a United States (U.S.) corporation is asked to serve on the board of a corporation's foreign subsidiary. When the individual should accept the position; Corporate requirements for the operation of a company in foreign...