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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...

Director and Officer Liability under OSHA

Employers have a general duty under the Occupational Safety and Health Act (OSHA) to provide a workplace free from "recognized" hazards. A violation of this duty can lead to criminal sanctions in addition to civil penalties. An employer can also...

Tracking or Targeted Stocks

In addition to common stock, companies may issue what is known as tracking or targeted stock. For example, a large automaker that acquires a company in the computer industry may issue a tracking stock that tracked the performance of the acquired...

Securities Law> Additional Offerings, Disclosure & the Securities Exchange Act of 1934> Tender Offers

Going Private Reporting Requirements for Public Companies

A company goes private by reducing the number of its stockholders to less than 300. The company thereby no longer is required to file public company...

Duty of Loyalty

Ratification of Self-Interested Director Transactions

Directors may be vulnerable to a claim of breach of the duty of loyalty if they transact personal business with the corporation or if the...