LexisNexis® Legal Newsroom
Interlocking Directors and Officers

by Maureen McGuirl In May 2009, Google confirmed the FTC began an inquiry into an interlock between the boards of Google and Apple. Section 8 of the Clayton Act prohibits a person from serving as a director or officer in any two competing corporations of a certain size, unless certain "safe...

Director’s 15 Commandments

by David Tate, Esq. ( Website ) PDF Link -Act with integrity and honesty, and without self-dealing, and require that of others. -Act in the manner that you believe is best for the company or organization and its shareholders, and require that of others. -Be heard, and speak your mind and...

Corporate Governance, Power and the CEO

Over the last several months I took some time to look at several Corporate Governance concepts that I found confusing or inapt. I heard from a lot of you and there was some interesting discussion. What are we to make of it? So many of the foundational terms and concepts of corporate governance are...

Was the H-P Board Paying Attention?

Really? Really?! This was the headline from James Stewart's Business Day article today: Voting to Hire a Chief Without Meeting Him . The article highlights the almost complete lack of attention the full board of H-P gave to the job of hiring a new CEO after firing Mark Hurd. Among their revelations...

Separation of Chair/CEO Roles

by Barbara Blackford The decision of whether or not to separate the chair and chief executive roles remains a hot governance topic for public companies, boards, and shareholders. While the number of companies separating the roles of board chair and CEO has grown significantly over the past five...

Delaware Court of Chancery Declines to Enjoin Acquisition of Plains Exploration and Production Co.

In Re Plains Exploration & Production Company Stockholder Litigation , Cons., C.A. No. 8090-VCN (Del. Ch. May 9, 2013) [ an enhanced version of this opinion is available to lexis.com subscribers ]. Issues Addressed : Were Revlon duties of the board breached due to the absence of a special...