NTR now has a golden opportunity to realise a premium valuation from a successful investment... and
considering its fiduciary duty to shareholders, I suspect the board will ultimately arrive at the same conclusion.
I actually
consider it my fiduciary duty.
If some of you still have some reservations,
consider the fiduciary duty of handling money: the buyer's agent's real estate company holds the buyer's deposit in their trust account.
Not exact matches
The opinion
considers - and rejects - the view that company directors are subject to a
fiduciary duty to avoid tax.
While the SEC
considers whether to extend a
fiduciary duty to all advice givers, and the Department of Labor forges ahead on its revised definition of
fiduciary, HighTower has moved ahead on its own, wrapping a strict
fiduciary standard into a business model that meets client needs while giving top Wall Street brokers an innovative home from which to serve those clients and grow their individual businesses.
It is not possible to uphold that
fiduciary duty while failing to
consider, let alone, mitigate against climate change and its associated costs to the economy and environment,» said Cunningham, who heads CLF's clean energy and climate change program.
As a brief overview, the Management and Board have embarked upon a failed merger that garnered virtually no support from its shareholders, and was opposed by ISS, and continued on that path until the date of the special shareholders meeting and scheduled vote, spending lavishly in a failed effort to close it; attempted to implement substantial new options to itself, a plan opposed by ISS and the shareholders, which was withdrawn; continually paid itself outrageous sums of the shareholders money over the past three years; rejected highly qualified outside board members with deep, broad healthcare company experience supported by its shareholders; held many Board and Committee meetings with nothing to show for it; formed a new Strategic Transactions Committee that is highly paid but that has produced no deals for the shareholders to
consider or for any outside valuation experts to formally review; spent lavishly on accountants, auditors and counsel; failed to successfully hire any outside professional negotiators and finally extinguish or remove the outstanding lease obligations; distributed no cash to the shareholders despite holding excess amounts; formed no special purpose entity to hold any royalty and milestone rights and payments for the benefit of its shareholders; and thus generally failed in its
fiduciary duties to shareholders.
It is not possible to uphold that
fiduciary duty while failing to
consider, let alone, mitigate against climate change and its associated costs to the economy and environment,» said Cunningham, who heads CLF's clean energy and climate change program.
It goes on to summarize financial arguments for investments in energy efficiency, including that: they can repay themselves quickly, depreciate slowly and deliver decades - long returns; efficient buildings, higher rents and higher sale price are correlated;
considering energy performance is an important component of risk management and an investor's
fiduciary duty; and at a time when energy prices are becoming more and more volatile, efficiency investments represent a good hedging strategy.
It is interesting that Canadian courts have
considered candour in this context as a matter of
fiduciary obligation while the English courts appear to have
considered disclosure as a matter of the
duty of care.
Instead, times have changed, Sonsini's infant companies have gone public and the practices that were
considered acceptable have changed, now that those companies are regulated by the SEC and owe a
fiduciary duty to thousands of investors and shareholders.
Duty of prudent administration: A
fiduciary must
consider the purposes, terms, distribution requirements, and other circumstances of the estate or trust.
Hatnay noted in Indalex, the appeal court
considered the questions of whether the company had breached its
fiduciary duty and whether there was a deemed trust in a situation where it had essentially abandoned its pension plan.
In its decision, the Federal Court of Appeal
considered four issues: whether the Colony of British Columbia had breached its pre-emption legislation; whether the Colony had breached a
fiduciary duty by allowing the village lands to be settled; Canada's liability for the Colony's breaches under the Specific Claim's Tribunal Act; and whether Canada's post-Confederation allotments of Band reserves remedied any potential breaches and fulfilled any possible
fiduciary duties owed.
It follows that before entering into an analysis of the
fiduciary duties of an employer as administrator of a pension plan under the PBA, it is necessary to
consider the position and characteristics of the pension beneficiaries.
In Canada, the
fiduciary duty is owed to the corporation but that means a series of stakeholders: «[i] n
considering what is in the best interests of the corporation, directors may look to the interests of, inter alia, shareholders, employees, creditors, consumers, governments and the environment to inform their decisions.»
In particular, Haddon - Cave J had to
consider whether employees (owing a
fiduciary duty or otherwise) have a
duty to inform their employer of a mounting competitive threat, even if that competitive threat comes or will come from the employee himself.
the Western Australia Aboriginal Legal Service is
considering proceeding with a number of joined cases against the State alleging breach of
fiduciary duty.
«We have to build our cases when we list our properties, just like appraisers have to, [otherwise] we're not doing our
fiduciary duty,» he said, telling attendees to
consider the work of the appraiser throughout the listing process.
A Connecticut court has
considered whether a real estate licensee breached his
fiduciary duty while serving as an escrow agent.
Donald, In your next column would you
consider reviewing CREA and TREB, as non-profit bodies for the membership they represent and pass comment on the
fiduciary duties, that in all probability, they must represent.
The court next
considered whether the Buyer's Representative had a
fiduciary duty to direct the Buyers to resources concerning racial diversity.
Breach of
Fiduciary Duty was the most commonly raised issue, while Agency: Other and Vicarious Liability issues were
considered in many cases as well.
In the first case, the court
considered whether the licensee's actions constituted a breach of
fiduciary duty.
Wisconsin court rules that broker / lender did not have a
fiduciary duty when he was
considering a short sale offer for client's property.
A New York court has
considered whether a listing broker breached her
fiduciary duty when she showed the eventual buyer other properties while she continued to represent the seller.
A Florida appellate court has
considered whether real estate licensees in the state owe their clients the common - law
fiduciary duties if the licensee fails to provide clients a mandated disclosure form describing the
duties of limited representation.
The court first
considered whether the Broker violated his
fiduciary duty to the Owners when he stopped making the mortgage payments.
A New York court
considered whether a broker had breached its
fiduciary duty to a seller when it showed the buyers another property after the buyers and sellers had negotiated an oral agreement for the sale of the sellers» property.
The court next
considered the Owner's challenge to the jury verdict in favor of the Auction Company on the breach of
fiduciary duty claims.
However, the court found that the Buyer's breach of
fiduciary duty and negligent misrepresentation allegations against the Buyer's Representative should have been
considered by a jury, and so sent those allegations back to the jury.
A federal appellate court has
considered whether a general partner in a partnership formed to develop real estate violated his
fiduciary duty when he excluded his partners from a subsequent transaction.
A federal bankruptcy court has
considered whether a real estate broker breached her
fiduciary duty to a buyer when she purchased a property her client had expressed an interest in purchasing.
In a case previously summarized in The Letter of the Law, Oregon's highest court has
considered whether a buyer could collect emotional distress damages from a real estate broker for broker's alleged breach of his
fiduciary duty to his clients.
A Florida court has
considered whether a lower court properly determined that a real estate salesperson breached his
fiduciary duty to his clients when he purchased property that his clients claimed they had informed the salesperson they were also interested in purchasing.
A North Carolina appellate court has
considered a prospective purchaser's breach of
fiduciary duty lawsuit against a real estate brokerage.
A New Jersey appellate court has
considered a challenge by a real estate broker to the trial court's decision that the broker breached his
fiduciary duty to his clients by misrepresenting the status of property negotiations.
The Investor argued that the trial court did not properly analyze his breach of
fiduciary duty allegations against the Brokerage, as there were fact issues that needed to be
considered by a jury.
A Texas court has
considered whether a real estate broker who helped his clients locate investment opportunities breached his
fiduciary duty when the broker purchased one of the investment opportunities for his own account.
The trial court had not allowed the jury to
consider these statements, ruling that they were made before the agency relationship was established between the parties and thus these statements were irrelevant to the beach of
fiduciary duty allegations.
Changing a standard clause (I am talking about your personal clauses being used not those created to allow compromise and escape
fiduciary duties that are found on Webforms) first needs to
consider recent court decisions and then how any change would be viewed by lawyers.
Any Calgarian that is even
considering Buying needs the advice of a Professional Buyers Agent, who can give advice that has no
fiduciary duty to SELLERS.