Sentences with phrase «held fiduciary obligations»

Not exact matches

Trustee: A fiduciary who holds property in trust for another to secure performance of an obligation or act.

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it; attempted to implement substantial new options to itself, a plan opposed by ISS and the shareholders, which was withdrawn; continually paid itself outrageous sums of the shareholders money over the past three years; rejected highly qualified outside board members with deep, broad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.

This is so in relation to title because «the Crown's underlying title in the land is held for the benefit of the Aboriginal group and constrained by the Crown's fiduciary or trust obligation to the group» (at para 85).

It had further held that Canada failed to fulfill its fiduciary obligations to the Band, when it did not take measures to return the village lands to them.

[5] Conversely, a delay of approximately 7.5 years was held not to be inordinate in the context of an action against a number of defendants for breach of fiduciary obligations.

On the second issue, the Court held that as a general rule, provincial laws of general application apply to Aboriginal title lands subject to the Crown's obligation to justify an infringement of Aboriginal title, its fiduciary obligations and s. 91 (24) of the

On the second issue, the Court held that as a general rule, provincial laws of general application apply to Aboriginal title lands subject to the Crown's obligation to justify an infringement of Aboriginal title, its fiduciary obligations and s. 91 (24) of the Constitution Act, 1867.

On the contrary, after the Supreme Court ruled in favour of Guerin and held that the fiduciary obligation of the Crown to a First Nation was a real and justiciable obligation and not, as the Crown would have had it, «a mere political trust, a senior Justice official was heard to say of the Court's decision, «They have their view of the law and we have our view of the law.»

Short for decentralized autonomous organization, a DAO is software designed to manage the fiduciary obligations of holding and disbursing blockchain assets without any human involvement.

Usually you don't learn that until you are in the midst of a divorce when you are obliged, as part of that fiduciary obligation, to disclose in writing to your spouse all your assets, all your debts, all your income and all your expenses, including anything held in someone else's name.