Over the years, I've noted that a number of evil twins have walked the corporate securities law stage.
Recent Posts
In October, I wrote about a warning from the Secretary of State regarding business theft. One way to steal a corporation's identity is to make a false filing with the Secretary of State listing yourself as an officer. While this can be an initial...
Corporations Code Section 1500 establishes the basic rules governing corporate minutes. The statute requires California corporations to "keep minutes of the proceedings of its shareholders, board and committees of the board". It also requires that...
A Job Well Done
Interpretive Opinions
CalPERS' Domestic Principles of Accountable Corporate Governance (United States) unequivocally assert:
Anyone who has picked up a prospectus or a private placement memorandum has undoubtedly seen, if not read, various legends and other warnings. Recently, I came across the following legend in an offering document:
Proxy Access Meets Private Ordering
In an earlier post, I wrote about the ambiguity that inheres in the use of the word "shall". In researching the topic, I discovered that last fall, President Barack Obama signed the "Plain Writing Act of 2010" into law. Ironically, the Act requires...
