Directors - Law Dictionary Search Results
corporate opportunity doctrine
corporate opportunity doctrine : a doctrine of corporate law stating that fiduciaries of the corporation (as directors or officers) may not take for themselves a business opportunity offered to the corporation
board
business, trust, or other organization or institution [Board of Regents] [Board of Bar Overseers] b : board of directors 2 a : a group of citizens elected to administer the business of or an aspect of the
audit committee
audit committee : a corporate committee made up of usually outside directors who review audits and evaluations of the corporation and its officers
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articles of incorporation
:a document by which a corporation is formed that sets forth basic information (as the corporation's name, purpose, directors, and stock) usu. as required by statute see also certificate of incorporation compare bylaws charter NOTE: In most
annual meeting
a meeting of shareholders that the law requires a corporation to hold each year for the election of directors and the transaction of other business compare special meeting NOTE: In order for a vote taken at an
Gas
of supplying gas to their district may (with the sanction of the Board of Trade) buy, and the directors of any gas company (duly authorized as required by the Act) may sell and transfer their undertaking to
sit
place as a member of an official or formal body [ in Congress] [ on a board of directors] 2 : to hold a session : conduct official business [the court s in the state capital]
business judgment rule
business judgment rule : a rule of law that provides corporate immunity to directors of corporations protecting them from liability for the consequences of informed decisions made in good faith
straight voting
straight voting : a system of voting for corporate directors in which each shareholder may cast one vote for each share of stock owned for each seat in
Chose
1862 (see now s. 191 (2) of the (English) Companies Act, 1929), included claims in a winding-up against directors for misfeasance. Part of a debt is not assignable in law under this enactment but the assignee of
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