Exact(2)
Some companies do not permit directors to sell company securities until they have retired from the board.
At the same time, he said, the law does permit directors to have conflicts of interest, provided that there is full disclosure to the board of all the relevant facts, and transactions are approved by a majority of disinterested directors.
Similar(58)
It is unclear how permitting directors to keep awards on resignation aids retention".
In New Orleans, it is illegal for more than four unrelated adults to live together, though the city's safety and permits director said that only about five violations were issued a year.
In Columbia Pictures' upcoming summer thriller "Hollow Man," technical advances permitted director Paul Verhoeven and Sony Pictures Imageworks to create special effects shots that weren't available even for Verhoeven's 1997 sci-fi film, "Starship Troopers," where space soldiers battled an army of giant insects.
The order will also permit company directors and senior executives who had issued sell orders shortly before the markets closed to re-enter the market and try to repurchase their company's stock.
Most fundamentally, a triennial approach would permit shareholders, directors and managers to evaluate the effects of a company's pay program on long-term performance and would be less likely to subject a company's compensation plans to the whims of hedge funds and other constituencies seeking to apply pressures unrelated to long-term corporate performance.
Because bankruptcy law and corporate law permit the directors of a firm to take actions to protect creditors when a firm approaches insolvency, the only relevant question is whether equity had any worth at the time of Treasury's 2012 action.
Then in December, Bally "erroneously permitted" two directors, James F. McAnally and J. Kenneth Looloian, to exercise options, according to a proxy statement filed last week.
Mesa also argues that the exclusion permits the directors to abdicate the fiduciary duties they owe it.
At Mayer's studio, Booth had worked exclusively with Stahl, but MGM had far too many motion pictures in production to permit one director to monopolize a cutter.
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