Loans To Officers And Directors

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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 Jan 12, 2019 (8 days ago)

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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: Tuesday Jan 15, 2019 (5 days ago)

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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 Jan 13, 2019 (7 days ago)

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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: Thursday Jan 17, 2019 (3 days ago)

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33-12-106. Loans to officers and directors MCA

33-12-106. Loans to officers and directors. 1 a Except as provided in subsection 2 an insurer may not directly or indirectly without the prior written approval of the commissioner

Link: http://leg.mt.gov/bills/mca/title_0330/chapter_0120/part_0010/section_0060/0330-0120-0010-0060.html

Actived: Wednesday Jan 16, 2019 (4 days ago)

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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: Friday Jan 18, 2019 (2 days ago)

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www.jstor.org

title corporate loans to officers directors and shareholders created date 20160807130900z

Link: https://www.jstor.org/stable/40683336

Actived: Saturday Jan 5, 2019 (15 days ago)

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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: Tuesday Jan 15, 2019 (5 days ago)

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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: Monday Jan 7, 2019 (13 days ago)

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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: Sunday Dec 16, 2018 (1 months ago)

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