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For a corporate action, if allowed by state law and by the bylaws of the corporation, the board of directors may use a written document to waive formal notice of a meeting and unanimously consent to a resolution. Resolutions are not required on Trust or Estate accounts. See: Trust law.
The board was formed in 1896 to "facilitate transactions in real estate, such as buying, selling, leasing, mortgaging, and insuring of property and other business pertaining thereto. Among the current board members are the president John Banks, [2] Fredrik Eklund and Daniel Brodsky. [3] Today, REBNY works to promote industry-backed policies.
The business judgment rule is a case-law-derived doctrine in corporations law that courts defer to the business judgment of corporate executives. It is rooted in the principle that the "directors of a corporation ... are clothed with [the] presumption, which the law accords to them, of being [motivated] in their conduct by a bona fides regard for the interests of the corporation whose affairs ...
The ethics commission is one of several agencies looking at Miami Mayor Francis Suarez’s consulting for an embattled developer seeking permits for a real estate project in Coconut Grove.
Keep an eye on your inbox for details about a new offering of The Modern Board newsletter. Editor's note: An earlier version of this story incorrectly stated that the average age of directors in ...
First, the board of directors will be typically appointed at the first corporate meeting by whoever the articles of incorporation identify as entitled to elect them. The board is usually given the collective power to direct, manage and represent the corporation.
"Tone at the top" is a term that originated in the field of accounting and is used to describe an organization's general ethical climate, as established by its board of directors, audit committee, and senior management. Having good tone at the top is believed by business ethics experts to help prevent fraud and other unethical practices.
It is governed by a 12-member Board of Directors composed of nine registered real estate professionals elected by their peers and three non-registrants appointed by the Ministry of Government and Consumer Services (Ontario) to represent consumers, business and government. Board members serve a three-year term. The Chair is Glenda Brindle.