Sentences with phrase «director of a corporation»

I have been retained as counsel to a special committee of directors of a corporation.

When directors of a corporation in which you hold shares act against your interests, it might feel personal.

Directors of these corporations therefore have little financial incentive to reform their behaviour.

The takeaway for employees with labour pains is that it may be possible to obtain more money from individual directors of corporations than simply what is permitted by virtue of being an employee.

A statement by Mr Ndu Ughamadu, NNPC Spokesman, said Group Managing Director of the Corporation, Dr Maikanti Baru, made the pledge...

The lawsuit, which names 19 current and former directors of the corporation in addition to Mr. Espada, also seeks to remove its entire board.

Dividends are declared by the board of directors of a corporation on date A, to stock holders of record on date B (a later date).

There's a lot more annual paperwork, as you must keep up to date with not only the filings required by the federal Director of Corporations Branch but all filings required by the provinces.

Once a class or series of shares is created and authorized, the board of directors of the corporation issues the shares by a resolution process.

The board of directors of the corporation after an in - depth review of the situation, concluded that the payment of the end of service benefit to these management personnel who have made invaluable contribution to the development of the corporation is a valid obligation,» the statement said.

Club Fish is an employee opt - in incentive program that gives Human Resource Directors of corporations with 100 + employees the opportunity to offer employees discounted tickets to Georgia Aquarium.

They argue that neither the Quebec Civil Code, the Loi sur le Barreau nor the Code des professions allows the «suspension» of a member of a board of directors of a corporation by the other board members.

Mr. Lahrkamp was also prohibited from commencing any legal proceedings against any current, past or future directors of the corporation, its property manager and any of the corporation's service providers, without leave from a judge.

Today, they are not used as frequently, but are occasionally required by banks and land titles offices on certain documents signed by an authorized director of the corporation.

«There was no confidential information to protect,» adds Mercer, who notes the decision will make it difficult for former directors of corporations who claim a duty of confidentiality in a similar fashion.

When a sensitive corporate disclosure issue arises or the SEC threatens enforcement action, we draw on the insight of a recent SEC Director of Corporation Finance or the experience of the SEC's longest - serving Director of Enforcement.

A statement by Mr Ndu Ughamadu, NNPC Spokesman, said Group Managing Director of the Corporation, Dr Maikanti Baru, made the pledge at the 4th Quadrennial Delegates Conference of the Petroleum Tanker Drivers (PTD) in Abuja on Thursday.

Mr. McShane's trial experience includes jury verdicts of $ 1.2 million and $ 2.97 million against the officers and directors of a corporation on behalf of its bankruptcy trustee.

A British Columbia Supreme Court decision will likely make it difficult for former directors of a corporation to make a claim for duty of confidentiality against their former employer's lawyers.

«The Board of Directors of the Corporation, after in - depth review of the situation, concluded that the payment of the end - of - service benefits to these management personnel, who had made invaluable contributions to the development of the Corporation, is a valid obligation.

MERYL B. WITMER, age 52, was elected as a director of the Corporation at the 2013 Annual Meeting of Shareholders.

SUSAN L. DECKER, age 51, has been a director of the Corporation since 2007.

Most startup founders have a general idea that serving as a director of a corporation should not be taken lightly.

Mr. Woods was the assistant treasurer of Miller «s National Insurance, a former Chicago - based company, and a director of the corporation «s holding company.

In a presentation at the Public Hearing organized by the House of Representatives Committee on the Petroleum Industry Administrative Bill (PIAB), Petroleum Industry Fiscal Bill (PIFB) and the Petroleum Industry Host Community Bill (PIHCB), Group Managing Director of the corporation, Dr. Maikanti Baru, said the proposed split would prevent a situation where operators would sit perpetually on oil acreages.

Some parts are true but really you're the director of the corporation, you're responsible for HST, you're responsible for sourced deductions.

You can't deduct as a theft loss the decline in market value of stock acquired on the open market for investment if the decline is caused by disclosure of accounting fraud or other illegal misconduct by the officers or directors of the corporation that issued the stock.

On the downside, as a director of a corporation, you should be aware of your responsibility should the corporation fail to deduct and remit income taxes on payments to employees or on certain payments to non-residents.

Tax tip: If your spouse or common - law partner and / or other family members are directors of your corporation, consider paying them a director's fee for services performed.

Consider resigning as a director of a corporation that is having serious difficulties.

The right to serve as Officers and Directors of the Corporation and to serve on committees of the Corporation, vote in elections, qualify to become Member Judges, all registration privileges, and enter and exhibit dogs at National and Regional shows organized under the auspices of the CKCSC, USA and its Regional Affiliates

The opinions and recommendations given on this website are completely independent - Dr Addie is not in on the payroll of any corporation, nor does she hold shares in any company mentioned on this site, nor is she on any board of directors of any corporation or company whose products are mentioned on this site, with the exception of the ebooks for sale on this site, where she receives up to 65 % of the income, this being her main source of income.

You need to prepare a written summary of the items discussed, and the actions taken at a meeting of shareholders and / or directors of a corporation.

Incorporators are not required to be officers, employees, shareholders or directors of the corporation.

For examples, majority shareholders may owe a fiduciary obligation to minority shareholders, officers and directors of a corporation to their shareholders, or trustees to the beneficiaries of a trust.

Generally speaking, an officer should meet the minimum requirements for acting as a director of a corporation.

The employees are allowed to sue the directors of the corporation to make up for any shortfall.

... Active members of the Corporation shall be students or working journalists whose salary comes primarily from, or time goes principally into, journalism, including the managers of media enterprises and teachers of journalism, as determined by the Board of Directors of the Corporation.

Section 83 of the Employment Insurance Act makes the directors of the corporation at the time when the failure occurred jointly and severally, or solidarily, liable, together with the corporation, to pay Her Majesty that amount and any related interest or penalties.

Service on a corporation can be carried out by leaving a copy of the court document with any officer or director of the corporation.

Major shareholders and directors of corporation are not liable for torts of the corporation because they «presumptively benefit» from those torts, or because of a duty to be aware of,... [more] Full article

[18] Where the court finds that there has been oppressive conduct on the part of the directors of the corporation, one of the remedial tools available to the court to effect a just and equitable result, is a finding that the directors are personally liable for the claim: see SCI Systems Inc. v. Gornitzki Thompson & Little Co., 1997 CanLII 12435 (ON SC), 1997 CanLII 12435 (S.C.J.); Sidaplex - Plastic Suppliers Inc. v. Elta Group Inc., 1998 CanLII 5847 (ON CA), 1998 CanLII 5847 (C.A.).

Directors of Corporations can also be held personally liable for their Company's violations and even jailed.

[16] Section 248 (3) provides for the remedies that the court may impose, in its discretion, should it find that the powers of the directors of the corporation have been exercised in an oppressive fashion.

A fit remedy may include a monetary judgment against a director of the corporation.

To determine what is just and reasonable in the context of a particular factual matrix, the court must determine what the reasonable expectations of the claimant were and whether the conduct of the corporation (or the directors of the corporation) violated those reasonable expectations by conduct that was oppressive, or unfairly prejudicial, or which disregarded the interests of the complainant.

Pursuant to either of: (i) the Business Corporations Act (Ontario) if you incorporated provincially in Ontario; or (ii) the Canada Business Corporations Act if you incorporated federally, you are required to maintain the following records at your corporation's registered office (or at such other location as the directors of the corporation determine):