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Prichard said that while the board policy manual outlines rules about conflict of interest, the law provides a "loophole" that allows board trustees or their spouses to also work as a district ...
[2] In March 2016, she penned an opinion editorial in the college's newspaper regarding a Letter to the Editor about members of the board of trustees having a conflict of interest in divesting in fossil fuels. The original article requested that "manager[s] having a duality or possible financial conflict of interest on any matter should not use ...
The corporation's name might consist of its governing board members' title (for example, The Trustees of Princeton University is a New Jersey nonprofit corporation). These board members (trustees, regents, etc.) are fiduciaries for the corporation. In some cases, the institution might not have separate legal personhood; the trustees transact in ...
AGB was founded in 1921. [4] It grew out of a conference held at the University of Michigan in 1920. [5] Until the early 1960s the Association of Governing Boards of Universities and Colleges was an affiliation of board members who took turns sharing the leadership and guidance needed to sustain an organization. [6]
The process for running a board, sometimes called the board process, includes the selection of board members, the setting of clear board objectives, the dissemination of documents or board package to the board members, the collaborative creation of an agenda for the meeting, the creation and follow-up of assigned action items, and the ...
The charter of King's College, issued by George II of Great Britain in 1754. The board of trustees was originally established in 1754 as the board of governors of King's College with 41 members, replacing the ten-member Lottery Commission appointed by the New York Assembly to oversee lottery funds allocated to the establishment of the college. [7]
They realised together that they could turn the company around. They suggested to a trustee (Mr Fox) that it would be desirable to acquire a majority shareholding, but Fox said it was completely out of the question for the trustees to do so. With the knowledge of the trustees, Boardman and Phipps decided to purchase the shares themselves.
Strict duties for trustees made their way into company law and were applied to directors and chief executive officers. The principle of strict and absolute duties of loyalty laid down in Keech was a decisive break with prior case law, seen in Holt v Holt , [ 5 ] Rushworth's Case , [ 6 ] and Walley v Walley .