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Reliance on Committee Reports

Corporation codes in all states allow the corporate board of directors to appoint committees comprised of directors and to delegate board powers to the committees. Appointment powers are usually addressed in the...

Antitrust and Trade Law Venue

Private parties, including persons, corporations, and other entities, may sue in U.S. District Courts for three times their damages caused by violations of federal antitrust law. Special venue provisions are provided to assist...

Business Law

(Corporate Governance and Nominating Committee Requirements for Companies Listed on the New York Stock Exchange)

Independent directors must make up the majority of the board of directors of companies listed on...

Stock and Commodity Exchange Volatility Controls

Stock exchanges such as the New York and American Stock Exchanges and trading facilities such as Nasdaq are considered self-regulatory organizations under federal securities laws. To reduce volatility, securities and commodities markets have...

Record Retention Requirements for Securities Brokers and Dealers

Brokers and dealers engaging in securities transactions are required to maintain various records for varying periods under Securities and Exchange Commission rules. For example, "blotters" reflecting all purchases and sales of securities must be...