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Another, Moelis & Company, worked for a transaction committee of Heinz's board.
Mr. Yang and other directors have had conversations with potential partners at the behest of the Yahoo board's transaction committee, according to a person close to the company.
(Heinz's board also set up a special transaction committee, led by Thomas J. Usher and advised by a separate team of bankers and lawyers, to help oversee the negotiations).
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The meetings of these three, and others who sat on a specially created transactions committee (Transco), took place during the financial crisis that culminated in the taxpayer bailouts of not just HBOS but also Lloyds TSB and Royal Bank of Scotland.
The decision also means that the United States government cannot come back later and undo the transaction once the committee approves it.
Council members were studying a transaction by the committee on foreign relations in the mayor's office, which Mr. Putin headed.
But when it comes to financial decisions that China perceives to be particularly sensitive, such as exchange-rate movements, stimulus spending or even large financial transactions, the standing committee of the Politburo the nine most senior leaders of China, including President Hu Jintao can take up the matter.
Third Point's founder, Daniel S. Loeb, will join the board's transaction and strategic planning committee.
Chancellor Leo E. Strine, Jr. held in In re MFW Shareholders Litigation that approval of a going-private transaction by both a committee of independent directors and a majority-of-minority condition would result in the lower business judgment standard of review and that Delaware courts would not review the transaction for fairness.
Norman P. Blake, who is the chief executive of Comdisco, suggested that the finance committee review transactions quarterly.
Focus: Findings of Enron's special investigative committee concerning transactions between Enron and several of its current and former employees.
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CEO of Professional Science Editing for Scientists @ prosciediting.com