Liberis & Associates - Untitled 2

Sarbanes-Oxley Act of 2002

In response to a deluge of corporate scandals in the late 1990s and early 2000s, the Sarbanes-Oxley Act of 2002 (Act) implemented sweeping reforms in the area of corporate governance. The Act applies only to public...

Business Law

(Corporate Governance and Nominating Committee Requirements for Companies Listed on the New York Stock Exchange)

Independent directors must make up the majority of the board of directors of companies listed on...

WASTE OF CORPORATE ASSETS

WASTE OF CORPORATE ASSETS

Under Delaware corporation law and the corporation statutes in most states, directors owe the corporation the duties of care, loyalty, and good faith (and/or obedience). A...

Basics of the Agency Relationship

Business often is conducted by agents who act for others. For example, insurance policies may be sold through agents. Agencies also exist in relationships between guardians and wards, employees and employers, estates and executors, and partners. ...