Good board members are hard to find never mind retain. The board is made up of volunteer unit owners responsible for enforcing the rules and by-laws of the association. Some unit owners view the board as a bit of a drill sergeant. In the rule-breakers eyes, the board does things too much “by the book.” […]
read more »Directors and Officers Liability Insurance, often referred to as D&O Insurance, is liability insurance payable to directors and officers of the company, or the company itself, as reimbursement—indemnification—for loses or legal defense costs in the event wrongful acts are brought against a director or officer in their capacity as their respective office. Depending on the […]
read more »When starting a business there are a million things to learn on and it can understandably be overwhelming. This list comes from a study of common legal mistakes made by new business owners and how to avoid them.
read more »Liability to your company can come in many forms. Most target the company as a whole, such as property liability, or to all employees in general such as with Employment Practices Liability Insurance. But others target keystone employees, particularly in management positions. As a big company with accountability to shareholders, investors, and creditors, alongside their […]
read more »If your business is incorporated, does it have a board of directors and corporate officers? Do you serve on a board of directors? If the answer is yes to either question, you could be exposed to lawsuits from shareholders. They may sue you, alleging that you committed acts that reduced the corporation’s value. Lawsuits may […]
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