| Fairness Standard and Business Judgment Rule |
| |
| FAIRNESS STANDARD FOR DIRECTORSMore... |
| |
| Regulation of the Price of Mutual Fund Shares |
| |
| The Securities and Exchange Commission requires that open-ended mutual fund shares must be sold at their net asset value per share plus allowable sales charges or fees. Under Rule 22c-1 of the Commission, an issuer, underwriter, or dealer may not redeem or repurchase a share of a registered investment company or mutual fund "except at a price based on the current net asset value of such security..."More... |
| |
| Limited Liability Company Basics |
| |
| The limited liability company form of doing business combines some of the best features of the corporate and partnership forms of doing business. Generally, members of a limited liability company enjoy protection against individual liability enjoyed by shareholders of a corporation. At the same time, members of a limited liability company are taxed only once on income to the business when that income is passed through to the members. More... |
| |
| Disclosure of Material Facts |
| |
| The duty of disclosure is a component of the duty of loyalty, but it also implicates the director's obligation to act with due care and in good faith. As part of the duty of care, a director should reveal all relevant material information that he possesses about a transaction to all who are in the position of making a decision about that transaction. The director has a duty to make an informed decision because it will ultimately affect the corporate interest and welfare. More... |
| |
| Business & Corporate Entities> Corporations> Shareholders & Other Constituents> Meetings & Voting |
| |
| (Preparations for the Annual Shareholder Meeting)More... |
| |
