Sentence examples for protecting board from inspiring English sources

Traditionally, the courts have set a standard for board conduct known as the "business judgment rule," protecting board members as long as they act in good faith in what they believe is the co-op's best interest.

This is a legal standard intended to protect board members from liability; a case against the Bear Stearns directors for selling on the cheap was also dismissed.

In fairness, the rule itself is important to protect board members so they can make decisions on behalf of the company without fear that every one of them could be litigated to death.

A revolt by investors looks likely to force the bank's board to jettison the deal, which was designed to protect board incomes amid a wider public row over bankers' rewards.

The bylaws should also contain a provision, Mr. Cholst said, that protects board members from liability to shareholders for anything they might do in good faith on the corporation's behalf.

"The rule was never intended to protect boards from judicial review of actions that conflict with the law, with contracts or with the building's own governing documents".

As the inventor of the anti-takeover maneuver called the "poison pill" and as one who has made a career trying to protect boards from agitators, Mr. Lipton was talking his own book.

The same good governance safeguards adopted by boards of solvent companies decisions by disinterested, independent directors, clear records establishing deliberation, advice from independent advisors will generally protect boards of insolvent companies.

A plastic hardcover board bag will be most effective at protecting your board, but also the most heavy and bulky luggage to travel with.

The case is at best a sign of how the Delaware Supreme Court justices feel about protecting the board in takeover decisions.

In the face of this power, the issue for the courts is to determine how the interests of stockholders are to be balanced against protecting the Board's statutory authority to run the company without the fear of constantly facing potential liability for honest mistakes of judgment, the first policy driver underlying the Rule.