Blessings. I know that its been a while since my last post. I have been busy with my newest book, The Tabernacle of David: The Key to Discipling Nations as Priestly Kings. I…
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Some have asked in bewilderment why the governing body (or Board) of an organization should act primarily in the best interests of the company itself and why they owe the duty of…
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We discussed two common law duties in the last post, today we cover the remaining duties. The next key duty of directors is that they should exercise unfettered and independent discretion and…
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In a previous blog we discussed the legal duties of Corporate Directors. In the next few blogs we dig deeper into Common Law duties of directors. Common law duties are separate from…
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The organisation’s directors are normally appointed by shareholders at the recommendation of the Board’s Nominations Committee. However certain directors are appointed by a particular stakeholder. By way of Memorandum of Incorporation some…
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The Board is charged with the responsibility of making decisions that guide the company. In the process there will be occasion for disagreement. This is healthy. A board that is always in…
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All corporate board members have fiduciary duties and a duty of loyalty (care and skill) to the corporations they oversee. If one of the directors chooses to take action that benefits them at the…
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Business Judgement Rule The key legal roles as discussed in the previous post of the governing body consist primarily of the fiduciary duty and the duty of care and skill towards the…
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In common law, corporate directors have a twofold responsibility to the company namely fiduciary duties (duty to act in good faith and in the best interests of the company) and duty of…
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The Governing Body has a critical function as the focal point for corporate governance. The Board is responsible for the results expected out of an effectively functioning corporate governance system. They are…