Loans To Officers And Directors

Filter Time:      

SEC Issues SOX 402 Guidance - Harvard Law School

The SEC staff for the first time issued interpretive guidance regarding Section 402 of the Sarbanes-Oxley Act of 2002 SOX . To date in the absence of authoritative guidance issuers have largely steered clear of activities arguably within the ambit of SOX 402 s prohibition on personal loans to officers and directors.

Link: https://corpgov.law.harvard.edu/2013/04/18/sec-issues-sox-402-guidance/

Actived: Saturday Mar 16, 2019 (4 days ago)

Get URL

Legal Alert Prohibition on Personal Loans to Directors

companies should carefully evaluate whether to include directors and executive officers in arrangements that may give rise to personal loans. Public companies should also consider the

Link: https://us.eversheds-sutherland.com/portalresource/lookup/poid/Z1tOl9NPluKPtDNIqLMRV56Pab6TfzcRXncKbDtRr9tObDdEu4pDm0!/fileUpload.name=/ProhibitiononPersonalLoanstoDirectors.pdf

Actived: Monday Mar 18, 2019 (3 days ago)

Get URL

SARBANES-OXLEY S NEW BAN ON LOANS TO DIRECTORS AND

SARBANES-OXLEY S NEW BAN ON LOANS TO DIRECTORS AND EXECUTIVE OFFICERS WHAT YOU NEED TO KNOW NOW Effective July 30 2002 Section 402 of the Sarbanes-Oxley Act of 2002 amended the

Link: http://files.dorsey.com/files/upload/New_Ban.pdf

Actived: Sunday Mar 17, 2019 (4 days ago)

Get URL

View Document - New York Codes Rules and Regulations

part 321. loans to executive officers and directors of banks and bank holding companies

Link: https://govt.westlaw.com/nycrr/Document/I4e75d590cd1711dda432a117e6e0f345?contextData=(sc.Default)

Actived: Wednesday Mar 13, 2019 (7 days ago)

Get URL

Sarbanes-Oxley Hastily Extinguishes Executive Loans

Delaware law grants board members power to make loans to Id. officers and directors provided that in the judgment of the directors such loan . . . may reasonably be expected to benefit the corporation. DEL. CODE ANN. tit. 8 143 2001 . The statute provides directors with broad discretion in defining the terms of the loan and determining whether the loan is beneficial to the

Link: http://suffolklawreview.org/wp-content/uploads/2005/05/Sroka_Final.pdf

Actived: Monday Mar 18, 2019 (2 days ago)

Get URL

Public Company Advisory - Goodwin

Ban on Loans to Executive Officers and Directors Under the recently enacted Sarbanes-Oxley Act of 2002 subject to certain limited exceptions it is unlawful for any issuer directly or indirectly to extend or maintain credit or to arrange for the extension of credit in the form of a personal loan to or for any director or executive officer. Loans in existence on July 30 2002 are

Link: https://www.goodwinlaw.com/~/media/Files/Publications/Newsletters/Public%20Company%20Advisory/2002/Sarbanes_Oxley_Act_of_2002_and8212_Ban_on_Loans_to_Executive_Officers_and_Directors.pdf

Actived: Tuesday Mar 12, 2019 (9 days ago)

Get URL

Loans and other financial assistance to directors and

Firstly the Act states that the directors of a company may authorise the company to lend money to its directors or prescribed officers guarantee a loan or other obligation or secure a debt or obligation for directors or prescribed officers of the company. Such authority may however be limited in the Memorandum of Incorporation MOI of the company and as such directors must in the first

Link: https://www.rsm.global/southafrica/news/loans-and-other-financial-assistance-directors-and-prescribed-officers-company

Actived: Sunday Mar 17, 2019 (3 days ago)

Get URL

FEDERAL RESERVE SYSTEM 12 CFR part 215 Loans to Executive

FEDERAL RESERVE SYSTEM 12 CFR part 215 Regulation O Docket No. R-1271 Loans to Executive Officers Directors and Principal Shareholders of Member Banks

Link: https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20070529a1.pdf

Actived: Sunday Mar 17, 2019 (4 days ago)

Get URL

DIRECTORS AND OFFICERS DUTIES AND LIABILITIES

While the directors and officers duties to the corporation arise primarily under common law The Business Corporations Actdoes impose certain specific duties on directors with respect to payments or distributions made by the corporation the breach ofthese duties can result in the

Link: http://library.lawsociety.sk.ca/inmagicgenie/documentfolder/AC0802.pdf

Actived: Saturday Mar 16, 2019 (5 days ago)

Get URL

Directors and officers - Corporations Canada

Directors are responsible for supervising the activities of the corporation and for making decisions regarding those activities. Officers are responsible for the day-to-day operation of the corporation.

Link: https://www.ic.gc.ca/eic/site/cd-dgc.nsf/eng/cs06643.html

Actived: Wednesday Mar 13, 2019 (7 days ago)

Get URL

Recently Searched